Company profile

Ticker
HRB
Exchange
Website
CEO
Jeffrey J. Jones
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
440607856

HRB stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

9 Mar 20
4 Apr 20
30 Apr 20

News

Company financial data Financial data

Quarter (USD) Jan 20 Oct 19 Jul 19 Apr 19
Revenue 519.21M 160.8M 150.36M 2.33B
Net income -129.68M -188M -150.25M 877.91M
Diluted EPS
Net profit margin -24.98% -117% -99.92% 37.64%
Net change in cash -52.97M -362.36M -964.48M 1.37B
Cash on hand 192.34M 245.31M 607.67M 1.57B
Cost of revenue 462.52M 253.21M 229.39M 863.52M
Annual (USD) Apr 19 Apr 18 Apr 17 Apr 16
Revenue 3.09B 3.16B 3.04B 3.04B
Net income 422.51M 613.15M 408.95M 374.27M
Diluted EPS 2.04 2.91 1.91 1.49
Net profit margin 13.65% 19.40% 13.47% 12.32%
Operating income*
Net change in cash 27.21M 533.61M 114.53M -1.11B
Cash on hand 1.57B 1.54B 1.01B 896.8M
Cost of revenue 1.76B 1.74B 1.64B 1.69B

Financial data from H&R Block earnings reports. *Asterisk values are approximate.

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
7 Nov 19 Anuradha Gupta Common Stock Grant Aquire A 0 5,074 0 5,074
12 Sep 19 Reich Victoria Common Stock Grant Aquire A 0 6,179 0 62,401.114
12 Sep 19 Christianna Wood Common Stock Grant Aquire A 0 6,179 0 89,221.36
12 Sep 19 Matthew E Winter Common Stock Grant Aquire A 0 6,179 0 17,520.621
99.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 441 429 +2.8%
Opened positions 79 46 +71.7%
Closed positions 67 63 +6.3%
Increased positions 119 135 -11.9%
Reduced positions 177 172 +2.9%
13F shares
Current Prev Q Change
Total value 4.55B 4.84B -6.1%
Total shares 193.4M 205.14M -5.7%
Total puts 537.8K 457.9K +17.4%
Total calls 516.9K 603.9K -14.4%
Total put/call ratio 1.0 0.8 +37.2%
Largest owners
Shares Value Change
Vanguard 26.03M $611.1M +1.8%
BLK BlackRock 19.65M $461.41M -10.4%
Jupiter Asset Management 10.51M $246.66M +53.1%
STT State Street 9.94M $236.01M -23.6%
BK Bank Of New York Mellon 6.84M $160.65M -0.7%
D. E. Shaw & Co. 6.29M $147.68M +42.8%
First Eagle Investment Management 5.59M $131.35M -0.6%
Schroder Investment Management 4.83M $113.33M +13.4%
Swedbank 4.73M $110.6M +1.8%
Lazard Asset Management 4.25M $99.7M +25.5%
Largest transactions
Shares Bought/sold Change
Amundi Pioneer Asset Management 400.6K -4.23M -91.3%
Jupiter Asset Management 10.51M +3.65M +53.1%
Unigestion Holding 0 -3.41M EXIT
STT State Street 9.94M -3.07M -23.6%
BLK BlackRock 19.65M -2.28M -10.4%
Norges Bank 2.17M +2.17M NEW
D. E. Shaw & Co. 6.29M +1.89M +42.8%
APG Asset Management 683.84K -1.88M -73.4%
Citadel Advisors 2.87M +1.72M +148.5%
NTRS Northern Trust 3.19M -1.46M -31.4%

Financial report summary

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Risks
  • RISKS RELATING TO CONTINUING OPERATIONS
  • Changes in applicable tax laws may have a negative impact on the demand for and pricing of our services, which could adversely affect our business and our consolidated financial position, results of operations, and cash flows.
  • Increased competition for tax preparation clients could adversely affect our current market share and profitability. Offers of free tax preparation services could adversely affect our revenues and profitability.
  • Compliance with the complex and evolving laws and regulations regarding privacy and data protection could require changes in our business practices and increase costs of operation; failure to comply with such laws could result in significant claims, fines, penalties, and damages.
  • A security breach of our systems, or third-party systems on which we rely, resulting in unauthorized access to personal information of our clients or employees or other sensitive, nonpublic information, may adversely affect the demand for our services and products, our reputation, and financial performance.
  • Stolen identity refund fraud and other fraud could impede our clients' ability to timely and successfully file their tax returns and receive their tax refunds, and could diminish consumers' perceptions of the security and reliability of our products and services, resulting in negative publicity. Increased governmental regulation to attempt to combat fraud could adversely affect our revenues and profitability.
  • An interruption in our information systems, or those of our franchisees or a third party on which we rely, or an interruption in the internet, could have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows.
  • The Dodd-Frank Act created the CFPB to administer and, in some cases, enforce U.S. federal financial consumer protection laws and expanded the role of state regulators with respect to consumer protection laws. Regulations promulgated by the CFPB or other regulators may affect our financial services businesses in ways we cannot predict, which may require changes to our financial products, services, and contracts.
  • The nature of our tax service and product offerings requires timely product launches. Any significant delays in launching our tax service and product offerings, changes in government regulations or processes that affect how we provide such offerings to our clients, or significant problems with such offerings or the manner in which we provide them to our clients may harm our revenue, results of operations, and reputation.
  • We rely on a single vendor or a limited number of vendors to provide certain key services or products, and the inability of these key vendors to meet our needs could have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows.
  • The specialized and highly seasonal nature of our business presents financial risks and operational challenges, which, if not satisfactorily addressed, could materially affect our business and our consolidated financial position, results of operations, and cash flows.
  • We face legal actions in connection with our various business activities, and current or future legal actions may damage our reputation, impair our product offerings, or result in material liabilities and losses.
  • Our access to liquidity may be negatively impacted as disruptions in credit markets occur, if our credit ratings are downgraded, or if we fail to meet certain covenants. Our funding costs may increase, leading to reduced earnings.
  • The continued payment of dividends on our common stock and repurchases of our common stock are dependent on a number of factors, and future payments and repurchases cannot be assured.
  • Our businesses may be adversely affected in the event of difficult economic conditions, in particular, high unemployment levels.
  • Our business depends on our strong reputation and the value of our brands.
  • Failure to protect our intellectual property rights may harm our competitive position and litigation to protect our intellectual property rights or defend against third party allegations of infringement may be costly.
  • Failure to maintain sound business relationships with our franchisees may have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows.
  • Our international operations are subject to risks which may harm our business and our consolidated financial position, results of operations, and cash flows.
  • We may be adversely impacted by changes in corporate tax rates, the adoption of new tax legislation in the jurisdictions in which we operate, and exposure to additional tax liabilities.
  • RISKS RELATING TO DISCONTINUED OPERATIONS
  • Sand Canyon Corporation, previously known as Option One Mortgage Corporation (including its subsidiaries, collectively, SCC) is subject to potential contingent losses related to representation and warranty claims, which may have an adverse effect on our business and our consolidated financial condition, results of operations, and cash flows. SCC has in the past accrued, and may in the future accrue, an estimated liability related to these contingent losses, which may not be adequate.
  • SCC is subject to litigation and other claims, including potential contingent losses related to securitization transactions in which SCC participated as a depositor or loan originator, which may result in significant financial losses.
  • H&R Block has guaranteed the payment of certain limited claims against SCC.
  • We could be subject to claims by the creditors of SCC.
Management Discussion
  • Revenues increased $50.8 million, or 10.9%, from the prior year period.
  • Revenues for U.S. assisted tax preparation increased $27.1 million, or 10.6% primarily due to higher tax return volumes and slightly offset by lower net average charge. U.S. Royalties increased $2.7 million, or 6.4% mostly due to higher franchise tax return volume. Revenues from U.S. DIY tax preparation increased $2.1 million, or 6.5%, primarily due to higher online volumes. Revenues from Refund Transfers increased $3.0 million, or 6.3%, due to higher volumes.
  • Revenues of $11.2 million were recognized by Wave, which we acquired on June 28, 2019, and therefore were not included in our results of operations in the prior year period.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: cloud, deductible, employment, March, outsourced, partner, prepaid, size, telecommunication, threatened
Removed: scheduled