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Oct 31, 2020

H&R Block Q2 2021 Earnings Report

Reported revenue growth due to higher tax return volume and increased small business payments processing.

Key Takeaways

H&R Block reported a 10% increase in revenue for the second quarter of fiscal year 2021, reaching $177 million. The company's pretax loss improved by $24 million to $(237) million. GAAP loss per share from continuing operations increased to $(1.17), and adjusted non-GAAP loss per share increased to $(1.09).

Second quarter revenue growth of 10% to $177 million.

Pretax loss improved $24 million to $(237) million.

The company repurchased and retired 9.5 million shares at an aggregate price of $150 million.

The company announced the next phase of its strategic transformation.

Total Revenue
$177M
Previous year: $161M
+9.8%
EPS
-$1.09
Previous year: -$0.93
+17.2%
Gross Profit
-$68.5M
Previous year: -$92.4M
-25.9%
Cash and Equivalents
$209M
Previous year: $245M
-14.8%
Free Cash Flow
-$112M
Previous year: -$237M
-52.8%
Total Assets
$2.56B
Previous year: $2.76B
-7.3%

H&R Block

H&R Block

H&R Block Revenue by Segment

Forward Guidance

H&R Block is committed to maintaining a strong balance sheet, investing in long-term growth opportunities, and returning capital to shareholders through dividends and share repurchases.

Revenue & Expenses

Visualization of income flow from segment revenue to net income