Welcome to our dedicated page for H&R Block news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on H&R Block stock.
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) will release its first quarter fiscal 2022 results on November 2, 2021, post-market close. A conference call for analysts and investors is scheduled at 4:30 p.m. ET on the same day, where the company will discuss results and outlook. Participants can join by dialing (866) 987-6821 for U.S./Canada or (630) 652-5951 internationally. The call and presentation will be webcast live, and a replay will be available for seven days. H&R Block continues to offer innovative tax preparation and financial solutions to its clients.
H&R Block (NYSE: HRB) has appointed GALE as its Agency of Record for digital, media, CRM, and data analytics. This partnership supports Block Horizons 2025, a strategic plan emphasizing small business, financial products, and enhancing customer experience. GALE aims to leverage its data-driven strategies to help H&R Block deliver comprehensive year-round services, moving beyond just tax preparation. The collaboration is poised to enhance customer loyalty and retention while navigating the current economic volatility.
H&R Block (NYSE: HRB) released its second annual corporate responsibility report, highlighting its efforts in supporting small businesses and enhancing diversity and inclusion across the U.S. The company is on track to meet its 2025 goal of aiding 500 communities and supporting 500,000 small-business owners. Initiatives showcased include partnerships with the Urban League and scholarships for female entrepreneurs. H&R Block also emphasizes its commitment to diversity, with diverse representation on its board and a perfect score on the Human Rights Campaign's Corporate Equality Index for two consecutive years.
H&R Block, Inc. (NYSE: HRB) has declared a quarterly cash dividend of 27 cents per share, payable on October 1, 2021, to shareholders on record as of September 10, 2021. This consistent dividend payment underscores the company's ongoing commitment to returning value to its shareholders, having paid dividends continuously since its public offering in 1962. H&R Block specializes in tax preparation, financial products, and solutions for small businesses, combining digital innovation with human expertise.
KANSAS CITY, Mo., Aug. 26, 2021 – H&R Block (NYSE: HRB) has announced that its management team will conduct virtual investor meetings at Barrington Research’s 14th Annual Virtual Fall Investment Conference on September 9, 2021. Interested parties can request a meeting through their Barrington Research salesperson.
H&R Block offers tax preparation and financial services, blending digital innovation with human expertise. Their platforms, including Block Advisors and Wave, assist small business owners with effective financial solutions.
On August 6, 2021, H&R Block appointed Carmichael Lynch as its strategy and creative lead. This partnership aims to enhance the brand's transformation journey under the Block Horizons 2025 strategy, focusing on small businesses, financial products, and consumer taxes. Julius Lai, H&R Block's CMO, emphasized the agency's strategic vision as crucial for their growth. Carmichael Lynch will also collaborate with Gale for media planning, analytics, and CRM efforts. This initiative has garnered attention from both Wall Street and media due to its focus on equitable financial products.
H&R Block (NYSE: HRB) will hold virtual investor meetings at the Northcoast Research 2021 Industrial & Business Services Conference on August 9, 2021. Interested participants can contact their Northcoast Research salesperson to request a meeting.
This event highlights H&R Block's commitment to engaging with investors and providing updates on their tax preparation and financial services. The company combines digital innovation with human expertise to offer effective solutions for tax management and small business needs.
H&R Block announced a new online calculator to assist families in estimating their child tax credit payments under the March 2021 American Rescue Plan. This tool allows users to input their filing status, 2020 income, and children's ages to determine expected monthly payments from July to December, along with potential tax credits for the following year. The company also offers free online filing for eligible families without recent tax returns, ensuring accurate IRS information. An online resource page addresses common questions and provides updates on the child tax credit.
H&R Block achieved robust growth for fiscal 2021, reporting a 29.3% increase in revenue to $3.4 billion and net income of $590 million. Assisted filings contributed significantly, along with strong performance from DIY revenues and Emerald Card. The company declared a 4% dividend hike to $0.27 per share, marking a 35% increase over six years. Share repurchases totaled 11.6 million shares for $188 million. The fiscal year-end will shift from April 30 to June 30, enhancing alignment with tax season performance.
H&R Block (NYSE: HRB) has announced significant changes in its Global Consumer Tax leadership team to enhance tax services and expand client options. Karen Orosco has been appointed as President, Global Consumer Tax and Service Delivery, succeeding in driving growth through innovative solutions and a robust retail network of over 12,000 offices. Bob Moretti and Roxane Harris are promoted to Senior Vice President and Vice President roles, respectively, bolstering retail operations and franchise support. These leadership adjustments aim to implement H&R Block's five-year strategy, Block Horizons, and improve client service.
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