H&R Block Q2 2024 Earnings Report
Key Takeaways
H&R Block reported an 8% increase in revenue for the second quarter of fiscal year 2024, driven by strong performance in assisted tax preparation and Emerald Advance. The company reaffirmed its full-year outlook and continued to allocate capital through share repurchases and dividends.
Revenue increased by 8% due to higher volumes in assisted tax preparation and increased interest and fee income on Emerald Advance.
Operating expenses decreased slightly due to lower consulting and marketing expenses.
Loss per share improved from $(1.43) to $(1.33), and adjusted loss per share improved from $(1.37) to $(1.27).
The company repurchased $218.1 million of shares during the quarter.
H&R Block
H&R Block
H&R Block Revenue by Segment
Forward Guidance
The Company continues to expect: •Revenue to be in the range of $3.530 to $3.585 billion. •EBITDA4 to be in the range of $930 to $965 million. •Effective tax rate to be approximately 23%. •Adjusted Diluted Earnings Per Share4 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