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H&R Block
🇺🇸 NYSE:HRB
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Sep 30, 2023

H&R Block Q1 2024 Earnings Report

H&R Block's first quarter results met expectations with revenue increase, share repurchases, and reaffirmed full-year outlook.

Key Takeaways

H&R Block reported a 2% increase in first-quarter revenue to $183.8 million. The company reaffirmed its fiscal year 2024 outlook and repurchased $132.0 million worth of shares. The increase in revenue was primarily driven by higher U.S. assisted tax preparation revenues.

First quarter revenue increased by 2% year-over-year to $183.8 million.

The company reaffirmed its previously announced outlook for fiscal year 2024.

H&R Block repurchased $132.0 million of shares, retiring 2% of shares outstanding during the quarter.

Pretax loss decreased by $9.0 million to $212.4 million due to higher revenues and interest income.

Total Revenue
$184M
Previous year: $180M
+2.1%
EPS
-$1.05
Previous year: -$0.99
+6.1%
Gross Profit
-$75.6M
Previous year: $19.7M
-483.0%
Cash and Equivalents
$427M
Previous year: $323M
+32.3%
Free Cash Flow
-$348M
Previous year: -$338M
+3.0%
Total Assets
$2.51B
Previous year: $2.56B
-1.9%

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 $3.530 to $3.585 billion. EBITDA to be in the range of $930 to $965 million. Effective tax rate to be approximately 23%. Adjusted Diluted Earnings Per Share to be in the range of $4.10 to $4.30.

Positive Outlook

  • Revenue to be in the range of $3.530 to $3.585 billion.
  • EBITDA to be in the range of $930 to $965 million.
  • Effective tax rate to be approximately 23%.
  • Adjusted Diluted Earnings Per Share to be in the range of $4.10 to $4.30.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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