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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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