H&R Block Q1 2023 Earnings Report
Key Takeaways
H&R Block's first quarter fiscal 2023 results were in line with expectations, with extension conversions increasing 5% over the prior year. The company repurchased $219.8 million of shares and reaffirmed its fiscal year 2023 outlook.
Q1 performance met expectations, and extension conversions increased 5% over the prior year
Reiterated fiscal year 2023 outlook
Repurchased $219.8 million of shares, retiring another 3% of shares outstanding
Block Advisors launched a new self-serve business formation product
H&R Block
H&R Block
H&R Block Revenue by Segment
Forward Guidance
The Company continues to expect: •Revenue to be in the range of $3.535 to $3.585 billion •EBITDA3 to be in the range of $915 to $950 million •Effective tax rate to be approximately 22% •Adjusted Diluted Earnings Per Share3 to be in the range of $3.70 to $3.95 •Double-digit Adjusted Diluted Earnings Per Share3 growth annually through 2025
Positive Outlook
- Revenue to be in the range of $3.535 to $3.585 billion
- EBITDA to be in the range of $915 to $950 million
- Effective tax rate to be approximately 22%
- Adjusted Diluted Earnings Per Share to be in the range of $3.70 to $3.95
- Double-digit Adjusted Diluted Earnings Per Share growth annually through 2025
Revenue & Expenses
Visualization of income flow from segment revenue to net income