H&R Block Q3 2021 Earnings Report
Key Takeaways
H&R Block reported a 41% decline in revenue for the fiscal third quarter, primarily due to a delayed start to the U.S. tax season. This decline impacted GAAP and adjusted non-GAAP loss per share, though partially offset by a decrease in operating expenses. The company reiterated its revenue growth and earnings outlook for the fiscal year and is focused on executing its Block Horizons strategy.
Revenue declined by 41% to $308 million due to a delayed tax season start.
GAAP loss per share increased to $(1.27) from $(0.66) year-over-year.
Adjusted non-GAAP loss per share increased to $(1.17) from $(0.59) year-over-year.
The company reiterated its full-year financial outlook, expecting strong free cash flow and capital return to shareholders.
H&R Block
H&R Block
H&R Block Revenue by Segment
Forward Guidance
H&R Block is on target to deliver its financial outlook for the year, which is expected to drive strong free cash flow and significant return of capital to its shareholders through dividends and share repurchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income