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Jul 31, 2020
H&R Block Q1 2021 Earnings Report
H&R Block's first quarter financial results for fiscal year 2021 improved significantly due to the tax season extension, with revenues increasing and a shift from pretax loss to pretax income.
Key Takeaways
H&R Block announced improved financial results for the first quarter of fiscal year 2021, driven by the extension of the tax season. Revenues saw a substantial increase, and the company moved from a pretax loss to a pretax income compared to the same period last year. The company also completed the issuance of $650 million in notes and entered an agreement with MetaBank.
Total U.S. tax filings grew by 3.3%.
Revenues increased by 300% to $601 million due to the tax season extension.
Pretax earnings reached $124 million, a significant improvement from the prior year's pretax loss of $207 million.
GAAP EPS improved to $0.48, and non-GAAP adjusted EPS improved to $0.55.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
H&R Block did not provide forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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