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 has introduced a stimulus payment calculator and a new resource library to assist individuals, families, and small business owners impacted by COVID-19. This initiative coincides with the rollout of the second stimulus check under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. Users can estimate their potential payment amounts and get answers to frequently asked questions regarding the relief bill. The company's tax professionals are also available to provide guidance through this challenging period.
H&R Block (NYSE: HRB) is offering approved applicants access to up to $1,000 through its Emerald Advance line of credit, available until January 9, 2021. This initiative aims to alleviate financial burdens amid the ongoing challenges of 2020. Applicants must provide a current pay statement and photo ID at H&R Block tax offices, where strict COVID-19 safety measures are in place. Credit is subject to bank approval, with the typical first draw loaded onto an Emerald Card.
For more details and to apply, visit the Emerald Advance website.
H&R Block (HRB) reported a 10% revenue growth in Q2 fiscal 2021, reaching $177 million, driven by higher tax return volumes in the U.S. and Canada, and increased small business payments. Despite a pretax loss of $237 million, it improved by $24 million compared to the previous year. GAAP loss per share rose to $(1.17). The company repurchased 9.5 million shares for $150 million and declared a dividend of $0.26 per share. H&R Block plans to discuss its strategic transformation and fiscal outlook during a virtual Investor Day.
On December 8, 2020, H&R Block (NYSE: HRB) unveiled its Block Horizons strategy, aimed at ensuring long-term growth through three key imperatives: Small Business, Financial Products, and Block Experience. The strategy focuses on enhancing customer experiences and expanding service offerings to a broader client base, particularly among small businesses and under-banked consumers. H&R Block aims for an annual revenue growth of 3-6% and emphasizes a strong balance sheet to support growth investments.
H&R Block (NYSE: HRB) has announced a virtual Investor Day scheduled for December 8, 2020, starting at 10:00 a.m. EST. The company's leadership, including CEO Jeff Jones and CFO Tony Bowen, will discuss their strategic transformation plans and provide an outlook for fiscal year 2021. Key financial results for the second quarter of fiscal 2021 will also be released on the same day before the market opens. Materials from the event will be accessible on the company’s investor relations website.
H&R Block (NYSE: HRB) announced a quarterly cash dividend of 26 cents per share, set for payment on January 4, 2021. Shareholders are required to be on record by December 7, 2020. The company has consistently paid dividends since going public in 1962, highlighting its commitment to returning value to shareholders. This announcement reflects H&R Block’s financial stability and ongoing shareholder confidence amid evolving market dynamics.
H&R Block released findings from its Small Business Recovery Series, revealing that 47% of small business owners rely on intuition over data. Despite 74% experiencing revenue declines, 90% have not sought financial advice. Over half (52%) are adapting to e-commerce in anticipation of a significant online shopping season, while minority (35%) and female (34%) owners report greater challenges in establishing digital presence. The report highlights increased anxiety among small business owners, with only 22% likely to seek mental health support. H&R Block emphasizes its commitment to assist small businesses.
H&R Block has appointed Yolande Piazza, Vice President of Financial Services at Google Cloud, to its Board of Directors. Piazza's appointment, confirmed by shareholders on September 10, 2020, brings over 30 years of financial services experience, aiming to enhance H&R Block's digital transformation strategy. Chairman Robert A. Gerard emphasized her ability to modernize customer service in the financial sector. Piazza previously led innovation at Citi FinTech and has been recognized among the most powerful women in banking.
H&R Block (NYSE: HRB) has appointed Ian Hardman as the new vice president and general manager for small businesses, aimed at enhancing services for small business owners. Hardman, who has extensive experience in strategy and growth, will focus on developing innovative solutions in tax, bookkeeping, and payroll services. The company serves over 2.5 million small business owners annually and is keen to expand its offerings under Hardman's leadership. His past roles include key positions at 1-800Flowers.com, where he successfully drove growth across multiple brands.
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?
