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Jun 30
H&R Block Q4 2025 Earnings Report
Delivered year-over-year revenue growth and higher EPS in the seasonally strong fourth quarter.
Key Takeaways
H&R Block reported Q4 2025 revenue of $1,111,011,000 and diluted EPS of $2.21 ($2.27 adjusted). Net income from continuing operations was $300,409,000, with operating income of $371,279,000. Results were driven by higher net average charge and increased company-owned Assisted volume.
Revenue reached $1.11B, up year over year on higher net average charge.
Diluted EPS was $2.21; adjusted diluted EPS was $2.27.
Net income from continuing operations was $300.4M.
Dividend increased 12% alongside continued buybacks.
H&R Block
H&R Block
H&R Block Revenue by Segment
H&R Block Revenue by Geographic Location
Revenue by Segment
U.S. Assisted Tax Prep Revenue
CapyFin.comU.S. Royalties Revenue
CapyFin.comU.S. DIY Tax Prep Revenue
CapyFin.comRefund Transfers Revenue
CapyFin.comPeace of Mind Plan Revenue
CapyFin.comTax Identity Shield Revenue
CapyFin.comOther Revenue
CapyFin.comEmerald Card & Spruce Revenue
CapyFin.comEmerald Advance Interest & Fees Revenue
CapyFin.comInternational Revenue
CapyFin.comWave Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
For FY2026, H&R Block guided revenue to $3.875–$3.895B, EBITDA to $1.015–$1.035B, adjusted diluted EPS to $4.85–$5.00, and an effective tax rate of ~25%.
Positive Outlook
- Revenue outlook of $3.875–$3.895B indicates continued growth.
- EBITDA guidance set at $1.015–$1.035B.
- Adjusted diluted EPS targeted at $4.85–$5.00.
- Effective tax rate expected around 25%.
- Ongoing capital returns via dividend increase and repurchases.
Challenges Ahead
- Lower interest and fee income on Emerald Advance weighed on results.
- Operating expenses increased due to compensation, marketing, and technology.
- Q4 one-time tax benefit was delayed beyond fiscal 2025.
- Execution depends on tax-season timing and volumes.
- Macroeconomic and regulatory factors could affect client demand.