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H&R Block
🇺🇸 NYSE:HRB
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•
Jan 31, 2020

H&R Block Q3 2020 Earnings Report

H&R Block's Q3 2020 results reflected revenue growth driven by improved tax return volumes and strategic acquisitions, but increased operating expenses led to a higher net loss.

Key Takeaways

H&R Block announced its fiscal 2020 third quarter results, reporting an 11% increase in revenue to $519 million. However, the loss per share increased to $0.66, and adjusted loss per share increased to $0.59. The company reiterated its full fiscal year financial outlook, and during the quarter, repurchased 2.8 million shares at a total cost of $66 million.

Revenues increased by 11% to $519 million due to improved tax return volumes and acquisitions.

Loss per share increased to $0.66, and adjusted loss per share increased to $0.59.

The company reiterated its revenue growth and margin outlook for the full fiscal year.

H&R Block repurchased 2.8 million shares for $66 million in Q3 2020.

Total Revenue
$519M
Previous year: $468M
+10.9%
EPS
-$0.59
Previous year: -$0.58
+1.7%
Gross Profit
$56.7M
Previous year: $47.4M
+19.7%
Cash and Equivalents
$192M
Previous year: $203M
-5.4%
Free Cash Flow
-$798M
Previous year: -$733M
+8.8%
Total Assets
$3.45B
Previous year: $2.57B
+34.4%

H&R Block

H&R Block

H&R Block Revenue by Segment

Forward Guidance

H&R Block reiterated its revenue growth and margin outlook for the full fiscal year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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