H&R Block Q3 2022 Earnings Report
Key Takeaways
H&R Block's third quarter revenue reached $2.1 billion, a 4% increase year-over-year, driven by a higher net average charge in the Assisted channel. The company raised its fiscal year 2022 outlook due to strong tax season performance and repurchased $226 million of shares in the quarter.
Total revenue increased by 4% to $2.1 billion compared to the prior year, driven by positive mix from a higher net average charge in the Assisted channel.
Operating expenses increased by 4% to $1.2 billion, primarily due to greater field compensation and marketing expenses.
Pretax income increased by $33 million to $862 million.
Earnings per share decreased to $4.06, while adjusted earnings per share was $4.11, flat compared to last year.
H&R Block
H&R Block
H&R Block Revenue by Segment
Forward Guidance
The Company increased its fiscal year 2022 outlook: Revenue is now expected to be in the range of $3.375 to $3.425 billion. EBITDA is now expected to be in the range of $850 to $875 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income