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H&R Block, Inc. (NYSE: HRB) stands as the world's largest tax services provider, having prepared over 650 million tax returns since its inception in 1955. Catering to a diverse clientele, H&R Block operates approximately 12,000 company-owned and franchise retail locations across all 50 U.S. states, Puerto Rico, and other U.S. territories. The company also has a presence in Canada, Australia, India, and on U.S. military bases worldwide. An H&R Block retail office is located within five miles of most Americans.
In the fiscal year 2015, H&R Block reported revenues exceeding $3.1 billion, preparing 24.2 million tax returns globally. The company’s services extend beyond retail locations, including digital tax solutions that have been aiding do-it-yourself clients for over 15 years. In FY 2015 alone, 6.9 million tax returns were completed through H&R Block's digital solutions. Employing around 9,000 bilingual tax professionals, H&R Block provides expert assistance in multiple languages.
Recent Achievements and Projects:
- AI Tax Assist: In December 2023, H&R Block introduced the H&R Block AI Tax Assist, a generative AI experience designed to streamline the tax preparation process. This innovation combines the company's extensive tax expertise with artificial intelligence to provide real-time, reliable assistance, ensuring accuracy and maximum refunds for individuals, the self-employed, and small business owners.
- Fiscal Updates: H&R Block will report its fiscal 2024 second quarter results on February 6, 2024. This will be followed by a conference call for stakeholders to discuss results and the company’s outlook.
- Leadership and Growth: Curtis Campbell, a seasoned executive with vast experience in the tax, fintech, and software industries, joined H&R Block to drive innovation and growth, especially in the consumer tax business.
- Direct Import Feature: To simplify the tax filing process, H&R Block launched the Direct Import feature, enabling users to seamlessly import prior year tax return data from TurboTax into H&R Block's online products.
- Minecraft Competitive League (MCL): H&R Block launched a unique Minecraft experience to engage young adult gamers, integrating custom versions of the game with a branded character, Sir Block, and offering in-game skins and avatars.
Beyond tax preparation, H&R Block provides financial products and small-business solutions through Block Advisors and Wave. These services include bookkeeping, payroll, advisory, and payment processing solutions, helping small-business owners thrive year-round. Additionally, H&R Block’s mobile banking app, Spruce, enhances its clients’ financial well-being.
For more detailed information, visit the company's official website at HRBlock.com.
H&R Block (NYSE: HRB) has filed a lawsuit against Block, Inc. to protect its trademarks following Block, Inc.'s rebranding from Square, Inc. The lawsuit aims to prevent consumer confusion as both companies operate in the financial services sector, including tax preparation. H&R Block argues that Block, Inc.'s actions undermine the brand equity and consumer trust it has built over 65 years. The complaint was submitted to the U.S. District Court for the Western District of Missouri and is essential for safeguarding H&R Block's reputation.
H&R Block (NYSE: HRB) released a report titled Insights on American Perseverance, highlighting resilience during the COVID-19 pandemic, informed by 12 million hours of conversations with clients. Key findings include a significant increase in small businesses, particularly among younger Americans, and a surge in stock market participation among Millennials and Gen Z, with a 4.5x and 2x rise respectively. The report also notes that 13% more teenagers and 20-somethings filed taxes independently to access stimulus payments. Consumer spending shifted toward necessities, with Amazon purchases soaring by 82% in 2020.
H&R Block, Inc. (NYSE: HRB) announced a quarterly cash dividend of 27 cents per share, payable on January 3, 2022, to shareholders of record by December 6, 2021. This marks the continuation of its dividend payments since 1962. Since 2016, H&R Block has increased its dividend by 35% and has returned over $2 billion to shareholders through dividends and share repurchases. The company is recognized for its tax preparation services and small business solutions, ensuring clients achieve optimal outcomes at tax time.
H&R Block (NYSE: HRB) has secured a new five-year employment agreement with CEO Jeff Jones, extending his leadership until November 4, 2026. The Board of Directors highlights Jones' transformative impact on the company, particularly his role in modernizing tax services and expanding offerings for small businesses. Under his guidance, H&R Block achieved its best tax season in over a decade. The company is committed to driving growth through its Block Horizons 2025 strategy, focusing on innovation and community support.
H&R Block (NYSE: HRB) announced the appointment of four new vice presidents to support its growth strategy, Block Horizons 2025. John Thompson joins as Financial Services VP, overseeing product development, while Charlene Wilson and Kate O’Connor assume leadership roles in People and Culture for Global Consumer Tax and Strategy/Small Business, respectively. Erin Turley has been promoted to VP of International and Integrated Delivery, leading teams across Canada, Australia, and India. This executive reorganization aims to enhance service delivery and financial product offerings.
H&R Block (NYSE: HRB) reported its fiscal 2022 first quarter results for the period ending September 30, 2021. Total revenue fell by 54% to $193 million, attributed to reduced return volume following the previous year’s extended tax season. Operating expenses decreased by 12% to $367 million, mainly due to lower pro compensation. The company experienced a pretax loss of $197 million, with loss per share increasing to $0.84. H&R Block repurchased $166 million in shares, reflecting its commitment to shareholder value amidst challenges.
KANSAS CITY, Mo., Nov. 01, 2021 – H&R Block (NYSE: HRB) announced it will host virtual investor meetings at Northcoast Research’s 2021 Fall Management Forum on November 15, 2021. Interested participants should contact their Northcoast Research salesperson for meeting requests.
About H&R Block: H&R Block provides tax preparation, financial products, and small business solutions, blending digital innovation with human expertise. The company aims to help clients achieve optimal tax outcomes and manage money year-round.
H&R Block has partnered with the Urban League of Greater Kansas City to launch a small business program that provides micro-grants to Black-owned businesses. The initiative aims to support these businesses in overcoming challenges exacerbated by the pandemic. Five businesses are receiving grants to assist with specific operational needs. The program aligns with H&R Block's goal to assist 500,000 small business owners by 2025, focusing on improving financial management and enhancing business owners' confidence in securing financial capital.
H&R Block (NYSE: HRB) announces the recognition of Mia Mends and Sean Cohan as members of Savoy magazine’s 2021 Most Influential Black Corporate Directors list. Both joined the board in April 2021, contributing to key committees. Mends is the Global Chief Diversity & Inclusion Officer at Sodexo, while Cohan is Chief Growth Officer at Nielsen. The recognition highlights their leadership roles and potential impact on H&R Block's growth.
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