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Dec 31, 2022
H&R Block Q2 2023 Earnings Report
H&R Block's Q2 2023 financial performance reflected revenue growth and continued investment in share repurchases, while also reaffirming its full-year outlook.
Key Takeaways
H&R Block reported a 5% increase in revenue for the second quarter of fiscal year 2023, driven by a strong ending to the 2022 tax season. The company repurchased $130.4 million of shares during the quarter and reiterated its full-year outlook for 2023, which includes topline growth, EBITDA outperforming revenue growth, and EPS growing even faster.
Revenue increased by 5% due to strong tax season performance.
Operating expenses rose by 3%, influenced by higher wages and bad debt expense.
The company repurchased $130.4 million worth of shares, representing 2% of shares outstanding.
Fiscal year 2023 outlook reaffirmed, projecting revenue growth and improved profitability.
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 $3.535 to $3.585 billion •EBITDA4 to be in the range of $915 to $950 million •Effective tax rate to be approximately 22% •Adjusted diluted earnings per share4 to be in the range of $3.70 to $3.95 •Double-digit adjusted diluted earnings per share4 growth annually through 2025
Positive Outlook
- Revenue to be in the range of $3.535 to $3.585 billion
- EBITDA to be in the range of $915 to $950 million
- Effective tax rate to be approximately 22%
- Adjusted diluted earnings per share to be in the range of $3.70 to $3.95
- Double-digit adjusted diluted earnings per share growth annually through 2025
Revenue & Expenses
Visualization of income flow from segment revenue to net income