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Dec 31, 2021

H&R Block Q2 2022 Earnings Report

H&R Block's Q2 2022 results reflected continued momentum across the business and progress on the Block Horizons strategy.

Key Takeaways

H&R Block reported a 12% increase in second quarter revenue, driven by strength in the Emerald Card and growth from Wave. The company repurchased $159 million of shares and reiterated its fiscal year 2022 outlook. The launch of Spruce, H&R Block's new mobile banking platform, was highlighted as a meaningful milestone.

Second quarter revenue grew 12%, demonstrating continued momentum across the business.

Repurchased an incremental $159 million of shares in the quarter, retiring approximately 4% of shares outstanding.

The Company reiterates its previously given fiscal year 2022 outlook.

The recent launch of SpruceSM, H&R Block's new mobile banking platform, is a meaningful milestone in the Company's strategic transformation.

Total Revenue
$159M
Previous year: $177M
-10.0%
EPS
-$1.02
Previous year: -$1.09
-6.4%
Gross Profit
-$5.52M
Previous year: -$68.5M
-91.9%
Cash and Equivalents
$336M
Previous year: $209M
+60.9%
Free Cash Flow
-$625M
Previous year: -$112M
+457.9%
Total Assets
$3.1B
Previous year: $2.56B
+21.3%

H&R Block

H&R Block

H&R Block Revenue by Segment

Forward Guidance

The Company reiterates its previously given fiscal year 2022 outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income