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's Spruce has expanded its partnership with Atomic, becoming the first to implement Atomic's new PayLink Switch solution. This integration, combined with Atomic's existing Deposit solution, aims to streamline money management by simplifying direct deposits and payment switching for Spruce users. The partnership enhancement aligns with Spruce's mission to help consumers improve their financial well-being by consolidating various financial management aspects in one place.
H&R Block (NYSE: HRB) has announced the 2024 application period for its Emerald Advance® Loan, running from November 1 through December 31, 2024. The loan offers qualifying individuals up to $1,300 same-day funding with no annual fee and no credit impact for eligibility checks. Key features include flexible repayment options with no required monthly payments until March 31, 2025, and the ability to repay through tax refunds for H&R Block customers. The loan carries a 35.9% APR with amounts ranging from $350-$1,300. Applications can be submitted at nearly 4,000 participating H&R Block offices.
H&R Block (NYSE: HRB) has announced it will release its fiscal 2025 first quarter results on Thursday, November 7, 2024, after the NYSE market close. The company will host a conference call at 4:30 p.m. Eastern time on the same day for analysts, institutional investors, and shareholders to discuss the quarterly results, outlook, and provide a general business update. The call will be accessible through registration, and a webcast will be available for media and public in listen-only format, remaining accessible for 90 days after the event.
H&R Block has released its fifth Annual Environmental, Social, and Governance (ESG) Report for fiscal year 2024, highlighting its commitment to responsible business practices. Key achievements include:
- A 36% reduction in printed pages across retail locations through the 'Path to Print Less' initiative
- Introduction of an associate-led composting program at corporate headquarters
- Expansion of GHG emissions inventory
- Progress in the Spruce mobile banking platform, nearing $1B in customer deposits
- Launch of AI Tax Assist tool for DIY Online users
- Introduction of 'Fund Her Future' small business grant program
- Implementation of quarterly Block Party events for employee engagement
The report emphasizes H&R Block's dedication to transparency, sustainability, and social responsibility, aligning with its purpose to provide help and inspire confidence in clients and communities.
H&R Block (NYSE: HRB) announced its participation in the Barclays Global Financial Services Conference on September 10, 2024, in New York City. Tony Bowen, Chief Financial Officer, and Michaella Gallina, Vice President of Investor Relations and CFO at Wave, will represent the company by hosting investor meetings.
This event provides an opportunity for H&R Block to engage with investors and discuss the company's financial performance, strategies, and outlook. Interested parties can request meetings through their Barclays salesperson, offering a chance for direct interaction with key financial executives of the tax preparation firm.
The conference participation underscores H&R Block's commitment to maintaining open communication with the investment community and showcasing its position in the financial services sector.
H&R Block (NYSE: HRB) has promoted Andy Phillips to Vice President of The Tax Institute, succeeding retiring Chief Tax Officer Kathy Pickering. Phillips, with a 15-year tenure at Block, will lead the company's team of tax experts, providing research and analysis of tax laws. His experience includes leading Tax Law & Policy Analysis, Tax Research, and Agency & Industry Relations.
Phillips is recognized for his contributions to various tax-focused industry associations and IRS advisory councils. He holds leadership positions in organizations such as the ISAC Senior Executive Board, IRS Electronic Tax Administration Advisory Committee, and CERCA Executive Board. Phillips is also involved in collaborative efforts to combat identity theft tax refund fraud and contributes to shaping industry standards and practices.
H&R Block (NYSE: HRB) reported strong financial results for fiscal year 2024, with revenue increasing 4% to $3.6 billion and earnings per share from continuing operations rising 16% to $4.14. The company announced a 17% increase in its quarterly dividend to $0.375 per share and a new $1.5 billion share repurchase authorization.
Key highlights include:
- Repurchased $350 million of shares in FY24, reducing outstanding shares by 5.5%
- FY25 outlook projects continued revenue growth and improved EBITDA and earnings per share
- Effective tax rate for FY25 expected to be approximately 13%, positively impacting EPS by about $0.50
The company's strong performance and shareholder-friendly actions reflect confidence in its strategy and future prospects.
H&R Block (NYSE: HRB) is currently hiring seasonal tax professionals across the United States, offering remote-friendly opportunities. The company, which prepared over 20 million tax returns in 2024, is seeking candidates passionate about helping others and providing financial advice. H&R Block offers an Income Tax Course to train new hires and support their success.
Mark Darling, SVP of U.S. Retail Operations, emphasized the company's 70-year history and culture of collaboration, innovation, and personal growth. The role of a tax pro involves preparing and filing tax returns, staying updated on tax codes, and advising clients. Janet Freeman, a Senior Tax Analyst, shared her 24-year journey with H&R Block, highlighting the job's rewards and long-term client relationships.
H&R Block (NYSE: HRB) has appointed Scott Manuel as its new Chief Strategy and Operations Officer, effective August 7, 2024. This newly created role aims to drive the company's long-term strategy, leveraging data science and AI, while improving productivity across real estate and support operations. Manuel, reporting to CEO Jeff Jones, brings extensive experience in strategy, technology, and AI from his previous roles at Tribute Technology, McClatchy, and Thomson Reuters.
Manuel's appointment is part of H&R Block's efforts to transform into a more agile and innovative company, focusing on delivering increased value to clients, franchisees, associates, and shareholders. His expertise is expected to be important in expanding the company's product capabilities and driving business model transformation.
H&R Block (NYSE: HRB) has appointed Tiffany Mason as Executive Vice President, Finance, effective immediately. She will become the company's Chief Financial Officer on September 13, 2024, succeeding Tony Bowen, who announced his retirement earlier this year. Mason brings extensive experience in consumer services, retail, and franchising from her previous roles, including CFO at Driven Brands Holdings Inc. and senior finance positions at Lowe's Companies, Inc.
CEO Jeff Jones highlighted Mason's expertise in driving strategic initiatives, deploying capital investments, and creating shareholder value. Mason expressed excitement about joining H&R Block, praising the company's vision, culture, and commitment to innovation. She holds a BBA in Accounting from Loyola University Maryland and is a Certified Public Accountant.
FAQ
What is the current stock price of H&R Block (HRB)?
What is the market cap of H&R Block (HRB)?
What services does H&R Block provide?
How many locations does H&R Block have?
What is H&R Block's AI Tax Assist?
When will H&R Block report its fiscal 2024 second quarter results?
Who is Curtis Campbell?
What is the Direct Import feature?
What is the Minecraft Competitive League (MCL) by H&R Block?
How long has H&R Block been providing digital tax solutions?
How can I access H&R Block’s tax services?
What is the significance of H&R Block’s mobile banking app, Spruce?
