(HRB) H&R Block - Overview

Sector: Consumer Cyclical | Industry: Personal Services | Exchange: NYSE (USA) | Market Cap: 3.956m USD | Total Return: -40% in 12m

Stock Tax Preparation, Financial Services, Software, Loans, Debit Cards
Total Rating 37
Risk 69
Buy Signal -0.09
Personal Services +14.0
Specialized Consumer Services +3.0
Market Cap: 3,956m
Avg Trading Vol: 59.7M USD
ATR: 4.07%
Peers RS (IBD): 6.5
Risk 5d forecast
Volatility26.4%
Rel. Tail Risk-0.12%
Reward TTM
Sharpe Ratio-1.60
Alpha-44.84
Character TTM
Beta0.108
Beta Downside0.216
Drawdowns 3y
Max DD55.54%
CAGR/Max DD0.01
EPS (Earnings per Share) EPS (Earnings per Share) of HRB over the last years for every Quarter: "2021-03": 5.16, "2021-06": -0.84, "2021-09": -1.09, "2021-12": 4.06, "2022-03": 4.11, "2022-06": 1.43, "2022-09": -0.99, "2022-12": -1.43, "2023-03": 4.2, "2023-06": 2.05, "2023-09": -1.05, "2023-12": -1.27, "2024-03": 4.94, "2024-06": 1.89, "2024-09": -1.17, "2024-12": -1.73, "2025-03": 5.38, "2025-06": 2.27, "2025-09": -1.2, "2025-12": -1.84, "2026-03": 0,
EPS CAGR: -13.41%
EPS Trend: -11.4%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of HRB over the last years for every Quarter: 2021-03: 601.03, 2021-06: 253.761, 2021-09: 192.624, 2021-12: 158.816, 2022-03: 2061.757, 2022-06: 1050.073, 2022-09: 179.985, 2022-12: 166.405, 2023-03: 2093.649, 2023-06: 1032.146, 2023-09: 183.8, 2023-12: 179.083, 2024-03: 2184.834, 2024-06: 1062.63, 2024-09: 193.81, 2024-12: 179.07, 2025-03: 2277.104, 2025-06: 1111.011, 2025-09: 203.551, 2025-12: 198.865, 2026-03: null,
Rev. CAGR: -46.40%
Rev. Trend: -18.9%
Last SUE: 0.60
Qual. Beats: 0
Description: HRB H&R Block March 04, 2026

H&R Block, Inc. (HRB) provides tax preparation services in the US, Canada, and Australia. This includes assisted and DIY options, a common model in the tax services sector.

The company offers various financial products. These include refund transfers, audit support, prepaid debit cards (Emerald Mastercard, Spruce), and short-term loans (Emerald Advance, refund advance). These offerings diversify revenue streams beyond core tax preparation, a strategy used by many financial service providers.

HRB also provides small business financial solutions, such as payment processing, payroll, and bookkeeping. This expands their market beyond individual taxpayers.

Service delivery channels include company-owned and franchised retail offices, online platforms, mobile apps, and desktop software. This multi-channel approach is standard for large service organizations.

To learn more about HRBs financial performance and competitive landscape, consider exploring ValueRay.

Headlines to Watch Out For
  • Tax season volume directly impacts H&R Blocks revenue
  • DIY tax software adoption threatens assisted tax preparation
  • Regulatory changes to tax code create compliance costs
  • Consumer spending on financial services influences product uptake
  • Small business service expansion diversifies revenue streams
Piotroski VR‑10 (Strict, 0-10) 6.0
Net Income: 613.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA -7.45 > 1.0
NWC/Revenue: 4.93% < 20% (prev -7.79%; Δ 12.72% < -1%)
CFO/TA 0.21 > 3% & CFO 605.7m > Net Income 613.8m
Net Debt (2.87b) to EBITDA (989.4m): 2.90 < 3
Current Ratio: 1.29 > 1.5 & < 3
Outstanding Shares: last quarter (126.6m) vs 12m ago -6.64% < -2%
Gross Margin: 54.68% > 18% (prev 0.44%; Δ 5.42k% > 0.5%)
Asset Turnover: 134.4% > 50% (prev 133.5%; Δ 0.88% > 0%)
Interest Coverage Ratio: 10.72 > 6 (EBITDA TTM 989.4m / Interest Expense TTM 81.3m)
Altman Z'' 1.22
A: 0.06 (Total Current Assets 841.8m - Total Current Liabilities 654.8m) / Total Assets 2.93b
B: -0.31 (Retained Earnings -904.8m / Total Assets 2.93b)
C: 0.31 (EBIT TTM 871.7m / Avg Total Assets 2.82b)
D: -0.25 (Book Value of Equity -954.6m / Total Liabilities 3.75b)
Altman-Z'' Score: 1.22 = BB
Beneish M -2.88
DSRI: 1.05 (Receivables 352.5m/321.2m, Revenue 3.79b/3.62b)
GMI: 0.81 (GM 54.68% / 44.31%)
AQI: 1.41 (AQ_t 0.71 / AQ_t-1 0.51)
SGI: 1.05 (Revenue 3.79b / 3.62b)
TATA: 0.00 (NI 613.8m - CFO 605.7m) / TA 2.93b)
Beneish M-Score: -2.88 (Cap -4..+1) = A
What is the price of HRB shares? As of April 01, 2026, the stock is trading at USD 31.74 with a total of 1,245,043 shares traded.
Over the past week, the price has changed by +2.52%, over one month by +3.97%, over three months by -26.18% and over the past year by -39.96%.
Is HRB a buy, sell or hold? H&R Block has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold HRB.
  • StrongBuy: 0
  • Buy: 1
  • Hold: 2
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the HRB price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 41 29.2%
Analysts Target Price 41 29.2%
HRB Fundamental Data Overview March 31, 2026
P/E Trailing = 7.2921
P/E Forward = 5.9242
P/S = 1.0437
P/B = 74.0056
P/EG = 0.5925
Revenue TTM = 3.79b USD
EBIT TTM = 871.7m USD
EBITDA TTM = 989.4m USD
Long Term Debt = 2.44b USD (from longTermDebt, last quarter)
Short Term Debt = 200.7m USD (from shortTermDebt, last quarter)
Debt = 3.23b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.87b USD (from netDebt column, last quarter)
Enterprise Value = 6.84b USD (3.96b + Debt 3.23b - CCE 349.2m)
Interest Coverage Ratio = 10.72 (Ebit TTM 871.7m / Interest Expense TTM 81.3m)
EV/FCF = 13.05x (Enterprise Value 6.84b / FCF TTM 524.1m)
FCF Yield = 7.66% (FCF TTM 524.1m / Enterprise Value 6.84b)
FCF Margin = 13.83% (FCF TTM 524.1m / Revenue TTM 3.79b)
Net Margin = 16.19% (Net Income TTM 613.8m / Revenue TTM 3.79b)
Gross Margin = 54.68% ((Revenue TTM 3.79b - Cost of Revenue TTM 1.72b) / Revenue TTM)
Gross Margin QoQ = 84.91% (prev 8.79%)
Tobins Q-Ratio = 2.33 (Enterprise Value 6.84b / Total Assets 2.93b)
Interest Expense / Debt = 0.72% (Interest Expense 23.4m / Debt 3.23b)
Taxrate = 22.01% (172.0m / 781.4m)
NOPAT = 679.9m (EBIT 871.7m * (1 - 22.01%))
Current Ratio = 1.29 (Total Current Assets 841.8m / Total Current Liabilities 654.8m)
 Debt / Equity = -3.93 (negative equity) (Debt 3.23b / totalStockholderEquity, last quarter -823.1m)
 Debt / EBITDA = 2.90 (Net Debt 2.87b / EBITDA 989.4m)
Debt / FCF = 5.47 (Net Debt 2.87b / FCF TTM 524.1m)
Total Stockholder Equity = -369.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 21.76% (Net Income 613.8m / Total Assets 2.93b)
 RoE = -166.1% (negative equity) (Net Income TTM 613.8m / Total Stockholder Equity -369.5m)
 RoCE = 42.19% (EBIT 871.7m / Capital Employed (Equity -369.5m + L.T.Debt 2.44b))
RoIC = 47.89% (NOPAT 679.9m / Invested Capital 1.42b)
WACC = 3.75% (E(3.96b)/V(7.19b) * Re(6.36%) + D(3.23b)/V(7.19b) * Rd(0.72%) * (1-Tc(0.22)))
Discount Rate = 6.36% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -5.71%
[DCF] Terminal Value 85.46% ; FCFF base≈589.4m ; Y1≈541.9m ; Y5≈486.0m
[DCF] Fair Price = 92.51 (EV 14.59b - Net Debt 2.87b = Equity 11.73b / Shares 126.8m; r=6.0% [WACC]; 5y FCF grow -10.12% → 3.0% )
EPS Correlation: -11.35 | EPS CAGR: -13.41% | SUE: -4.0 | # QB: 0
Revenue Correlation: -18.88 | Revenue CAGR: -46.40% | SUE: 0.60 | # QB: 0
EPS current Year (2026-06-30): EPS=5.00 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+7.3% | Growth Revenue=+3.4%
EPS next Year (2027-06-30): EPS=5.58 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+11.6% | Growth Revenue=+3.2%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = -5.8% (Discount Rate 7.9% - Earnings Yield 13.7%)
[Growth] Growth Spread = +9.0% (Analyst 3.2% - Implied -5.8%)
Additional Sources for HRB Stock Fund Manager Positions: Dataroma · Stockcircle