Quarterly ResultMay 6, 2026, 04:58 PM
H&R Block Q3 Diluted EPS $6.60, Net Income +17.4%; Revenue +5.3%
AI Summary
H&R Block reported strong financial results for the third quarter and nine months ended March 31, 2026. For the quarter, diluted EPS from continuing operations increased by 24.2% to $6.61, and net income rose 17.4% to $847.9 million, driven by a 5.3% increase in total revenues to $2.40 billion. The company also saw a significant improvement in its effective income tax rate for the nine-month period due to a discrete tax benefit from an IRS examination settlement. However, total stockholders' equity shifted to a deficit of $24.4 million as of March 31, 2026, from a positive $88.9 million at June 30, 2025.
Key Highlights
- Q3 2026 diluted EPS from continuing operations increased 24.2% to $6.61 from $5.32 in Q3 2025.
- Q3 2026 net income rose 17.4% to $847.9 million from $722.3 million in Q3 2025.
- Total revenues for Q3 2026 increased 5.3% to $2.40 billion from $2.28 billion in Q3 2025.
- Nine-month 2026 net income from continuing operations grew 43.0% to $441.8 million.
- Cash provided by operating activities for the nine months increased 36.7% to $586.7 million.
- Effective income tax rate for the nine months ended March 31, 2026, was 8.1%, down from 25.3%.
- Declared dividends of $0.42 per share for Q3 2026, up 12.0% from $0.375 in Q3 2025.
- Total stockholders' equity became a deficit of $24.4 million as of March 31, 2026.
Price Impact
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