H&R Block Q4 2021 Earnings Report
Key Takeaways
H&R Block's fiscal year 2021 saw significant growth in revenue and earnings, driven by an increase in U.S. tax return volumes, a stronger mix in DIY, Emerald Card revenues related to federal stimulus payments, and strong growth from Wave. The company increased its quarterly dividend by 4% and repurchased 6% of its outstanding shares.
Total revenue increased by $774 million, or 29.3%, to $3.4 billion.
Pretax income improved significantly, reaching $669 million compared to a pretax loss of $3 million in the prior year.
Earnings per share from continuing operations increased to $3.11, while adjusted earnings per share increased to $3.39.
The company increased its quarterly dividend by 4% to $0.27 per share and repurchased 11.6 million shares for $188 million during the fiscal year.
H&R Block
H&R Block
H&R Block Revenue by Segment
Forward Guidance
H&R Block announced a change to its fiscal year-end from April 30 to June 30. The Company plans to file a transition report on form 10-QT for the transition period of May 1, 2021, through June 30, 2021, later this summer. The Company’s fiscal 2022 will begin on July 1, 2021, and end on June 30, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income