H&R Block (HRB)

H&R Block, Inc. provides help and inspires confidence in its clients and communities everywhere through global tax preparation, financial products, and small business solutions. The company blends digital innovation with the human expertise and care of its associates and franchisees as it helps people get the best outcome at tax time, and better manage and access their money year-round. Through Block Advisors and Wave, the company helps small business owners thrive with innovative products like Wave Money, a small business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically.

Company profile

Jeffrey Jones
Fiscal year end
Aculink Mortgage Solutions, LLC • AcuLink of Alabama, LLC • Ada Services Corporation • BFC Transactions, Inc. • Block Financial LLC • Blue Fountains International, ULC • Blue Fountains LLC • Companion Insurance, Ltd. • Companion Mortgage Corporation • Emerald Financial Services, LLC ...
IRS number

HRB stock data


10 May 22
26 Jun 22
30 Jun 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Apr 21
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Dec 21 Sep 21 Apr 21
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Feb 22 Dara S Redler Common Stock Grant Acquire A No No 0 20,475 0 20,475
4 Nov 21 Robert A Gerard Common Stock Buy Acquire P No No 25.1391 5,000 125.7K 252,882.54
9 Sep 21 Sean Cohan Common Stock Grant Acquire A No No 0 6,785 0 9,972.861
9 Sep 21 Reich Victoria Common Stock Grant Acquire A No No 0 6,785 0 87,014.548
86.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 375 384 -2.3%
Opened positions 55 42 +31.0%
Closed positions 64 49 +30.6%
Increased positions 105 124 -15.3%
Reduced positions 137 142 -3.5%
13F shares Current Prev Q Change
Total value 3.86B 3.6B +7.1%
Total shares 137.2M 142.41M -3.7%
Total puts 378.8K 1.03M -63.3%
Total calls 589.1K 524.28K +12.4%
Total put/call ratio 0.6 2.0 -67.3%
Largest owners Shares Value Change
BLK Blackrock 20.73M $539.7M -8.5%
Vanguard 20.46M $532.7M -16.3%
Jupiter Asset Management 11.06M $288.09M -0.2%
FMR 8.09M $210.68M +180812.5%
STT State Street 7.89M $207.44M +13.9%
Lazard Asset Management 5.94M $154.81M +0.7%
Fuller & Thaler Asset Management 3.63M $94.41M -0.4%
Charles Schwab Investment Management 2.97M $77.33M +186.5%
Artisan Partners Limited Partnership 2.59M $67.5M -5.1%
Wellington Management 2.58M $67.3M -2.0%
Largest transactions Shares Bought/sold Change
FMR 8.09M +8.09M +180812.5%
Vanguard 20.46M -4M -16.3%
BLK Blackrock 20.73M -1.93M -8.5%
Charles Schwab Investment Management 2.97M +1.93M +186.5%
Norges Bank 0 -1.92M EXIT
First Trust Advisors 410.54K -1.23M -75.0%
NTRS Northern Trust 1.97M -1.04M -34.5%
Arrowstreet Capital, Limited Partnership 0 -1.03M EXIT
D. E. Shaw & Co. 72.9K -1M -93.2%
STT State Street 7.89M +961.16K +13.9%

Financial report summary

NationalBlucoraGreen DotFranchise
  • Our financial condition and results of operations have been, and may continue to be, adversely affected by the COVID-19 pandemic, and may be impacted by a resurgence of COVID-19 or a future outbreak of another highly infectious or contagious disease.
  • 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.
  • Any significant delays in launching our tax service and product offerings, changes in government regulations or processes (including the acceptance of tax returns and the issuance of refunds and other amounts to clients by the IRS) 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 and human capital challenges.
  • Our business depends on our strong reputation and the value of our brands.
  • Failure to maintain sound business relationships with our franchisees may have a material adverse effect on our business and we may be subject to legal and other challenges resulting from our franchisee relationships.
  • Our international operations are subject to risks that may harm our business and our consolidated financial position, results of operations, and cash flows.
  • Changes in applicable tax laws have had, and may in the future have, a negative impact on the demand for and pricing of our services. Government changes in tax filing processes may adversely affect our business and our consolidated financial position, results of operations, and cash flows.
  • Increased competition for clients could adversely affect our current market share and profitability, and we may not be effective in achieving our strategic and operating objectives.
  • Offers of free services or products could adversely affect our revenues and profitability.
  • Our businesses may be adversely affected by difficult economic conditions and high unemployment levels.
  • Compliance with the complex and evolving laws, regulations, standards, and contractual requirements regarding privacy and data protection could require changes in our business practices and increase costs of operation; failure to comply 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.
  • Identity theft or other fraud that impedes our clients' ability to file their tax returns and receive their tax refunds could diminish consumers' perceptions of the security and reliability of our services and products, resulting in negative publicity.
  • Regulations promulgated by the Consumer Financial Protection Bureau (CFPB) or other regulators may affect our financial services businesses in ways we cannot predict, which may require changes to the financial products we offer, our services and contracts.
  • Laws and regulations or other regulatory actions could have an adverse effect on 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.
  • 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.
  • Our access to liquidity may be negatively impacted by disruptions in credit markets, by downgraded credit ratings, or by our failure to meet certain covenants. Our funding costs could increase, further impacting earnings.
  • The continued payment of dividends on our common stock and repurchases of our common stock are dependent on a number of factors, and cannot be assured.
  • Changes in corporate tax laws or regulations, or in the interpretations of tax laws or regulations, could materially affect our financial condition, cash flows, and operating results.
  • Sand Canyon Corporation, previously known as Option One Mortgage Corporation (including its subsidiaries, collectively, SCC) is subject to litigation and other claims, including potential contingent losses related to securitization transactions in which SCC participated, which may result in significant financial losses.
  • We could be subject to claims by the creditors of SCC.
Management Discussion
  • Revenues decreased $129.7 million, or 5.1%, from the prior year. The decrease in revenue is due to lower tax return volumes in the current year as the 2019 tax season was extended to July 15, 2020 in the prior year period, whereas the 2020 tax season deadline of May 17, 2021 did not extend into the nine month period ended March 31, 2022. This resulted in a decrease in U.S. tax preparation, royalty and Refund Transfer revenues.
  • Emerald Card® revenues increased $7.7 million, or 8.0%, due to higher card activity which is a result of the IRS loading Child Tax Credits monthly to Emerald Cards® in July through December 2021. Interest and fees on Emerald Advances decreased $9.4 million, or 17.7%, due to a decline in Emerald Advances. Wave revenues increased $14.1 million, or 31.6%, due to higher small business payments processing volumes.
  • Total operating expenses increased $8.0 million, or 0.4%, from the prior year period. Field wages decreased $7.1 million, or 1.3%, due to lower tax preparation volumes in the current year as a result of the tax season extension in the prior year. Benefits and other compensation decreased $7.6 million, or 4.9%, due to lower payroll taxes as a result of lower wages. Marketing and advertising expense increased $9.7 million, or 4.5%, due to higher online advertising and agency fees in the current year. Depreciation and amortization expense decreased $9.6 million, or 8.2%, due primarily to lower amortization of acquired intangibles.

Content analysis

H.S. freshman Avg
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Removed: annually, answer, Consistent, dropping, established, fourth, Francisco, frequently, Northern, pattern, realization, reduce, renewed, resided, San, Snarr, system, unit