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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.
H&R Block
H&R Block
H&R Block Revenue by Segment
H&R Block Revenue by Geographic Location
Revenue by Segment
U.S. Assisted Tax Prep Revenue
CapyFin.comU.S. Royalties Revenue
CapyFin.comU.S. DIY Tax Prep Revenue
CapyFin.comRefund Transfers Revenue
CapyFin.comPeace of Mind Plan Revenue
CapyFin.comTax Identity Shield Revenue
CapyFin.comEmerald Card & Spruce Revenue
CapyFin.comEmerald Advance Interest & Fees Revenue
CapyFin.comInternational Revenue
CapyFin.comWave Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com 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