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Jun 30, 2022
H&R Block Q4 2022 Earnings Report
H&R Block reported strong fiscal year 2022 results, increased dividend and announced new share repurchase authorization.
Key Takeaways
H&R Block's fiscal year 2022 results exceeded its revenue and earnings outlook. The company completed significant share repurchases, increased its quarterly dividend, and announced a new share repurchase authorization. Strong free cash flow generation enabled the return of significant value to shareholders.
Total revenue decreased by $125 million, or 3.5%, to $3.46 billion.
Pretax income decreased by $138 million, or 17.3%, to $659 million due to the 2020 tax season extension.
Earnings per share from continuing operations decreased by $0.41, or 11.2%, to $3.26; adjusted earnings per share from continuing operations decreased by $0.43, or 10.9%, to $3.51.
The Board of Directors approved a new share repurchase authorization of $1.25 billion, effective through fiscal year 2025.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For fiscal year 2023, the company expects revenue to be in the range of $3.535 to $3.585 billion, EBITDA to be in the range of $915 to $950 million, an effective tax rate of approximately 22%, and adjusted diluted earnings per share to be in the range of $3.70 to $3.95. The company expects double digit Adjusted Diluted Earnings Per Share growth annually through 2025.
Positive Outlook
- Revenue to be in the range of $3.535 to $3.585 billion.
- EBITDA to be in the range of $915 to $950 million.
- Effective tax rate to be approximately 22%.
- Adjusted Diluted Earnings Per Share to be in the range of $3.70 to $3.95.
- Double digit Adjusted Diluted Earnings Per Share growth annually through 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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