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H&R Block
🇺🇸 NYSE:HRB
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•
Jun 30, 2024

H&R Block Q4 2024 Earnings Report

H&R Block's financial performance remained strong, marked by revenue growth and strategic capital allocation.

Key Takeaways

H&R Block reported a revenue increase of 4% and an EPS increase of 16% for fiscal year 2024. The company also announced a 17% increase in its quarterly dividend and a new $1.5 billion share repurchase authorization, demonstrating confidence in its future.

Full year revenue increased by 4% to $3.6 billion.

Earnings per share from continuing operations increased by 16% to $4.14.

A 17% increase in the quarterly dividend was announced, bringing it to $0.375 per share.

A new share repurchase authorization of $1.5 billion was approved.

Total Revenue
$1.06B
Previous year: $1.03B
+3.0%
EPS
$1.89
Previous year: $2.05
-7.8%
Gross Profit
$556M
Previous year: $692M
-19.6%
Cash and Equivalents
$1.08B
Previous year: $987M
+8.9%
Free Cash Flow
$291M
Previous year: $310M
-6.3%
Total Assets
$3.22B
Previous year: $3.07B
+4.8%

H&R Block

H&R Block

H&R Block Revenue by Segment

Forward Guidance

For fiscal year 2025, the Company expects revenue to be in the range of $3.69 to $3.75 billion and Adjusted Diluted Earnings Per Share to be in the range of $5.15 to $5.35.

Positive Outlook

  • Revenue to be in the range of $3.69 to $3.75 billion.
  • EBITDA to be in the range of $975 million to $1.02 billion.
  • Effective tax rate to be approximately 13%.
  • Adjusted Diluted Earnings Per Share to be in the range of $5.15 to $5.35.
  • Tax rate is positively impacted due to the anticipated closure of various matters under examination and the expiration of statute of limitations.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View H&R Block