$HRB

H&R BLOCK INC

CIK:0000012659|SEC Filings

Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
REVENUES:
Revenues	$ 3,945,392	$ 3,760,995	$ 3,610,347
OPERATING EXPENSES:
Costs of revenues	2,196,407	2,086,111	1,991,566
Impairment of goodwill	0	0
Selling, general and administrative	841,299	846,914	813,504
Total operating expenses	3,037,706	2,933,025	2,805,070
Other income (expense), net	26,813	31,546	36,125
Interest expense on borrowings	(80,611)	(78,113)	(79,080)
Income from continuing operations before income taxes	853,888	781,403	762,322
Income taxes	117,570	171,953	164,359
Net income from continuing operations	736,318	609,450	597,963
Net loss from discontinued operations, net of tax benefits of $812, $1,100 and $790	(2,722)	(3,677)	(2,646)
NET INCOME	$ 733,596	$ 605,773	$ 595,317
BASIC EARNINGS PER SHARE:
Continuing operations (in usd per share)	$ 5.74	$ 4.47	$ 4.20
Discontinued operations (in usd per share)	(0.02)	(0.02)	(0.02)
Consolidated (in usd per share)	5.72	4.45	4.18
DILUTED EARNINGS PER SHARE:
Continuing operations (in usd per share)	5.69	4.42	4.14
Discontinued operations (in usd per share)	(0.03)	(0.03)	(0.02)
Consolidated (in usd per share)	$ 5.66	$ 4.39	$ 4.12
COMPREHENSIVE INCOME:
Net income	$ 733,596	$ 605,773	$ 595,317
Change in foreign currency translation adjustments	(16,333)	1,090	(11,746)
Other comprehensive income (loss)	(16,333)	1,090	(11,746)
Comprehensive income	717,263	606,863	583,571
Service revenues
REVENUES:
Revenues	3,664,040	3,473,932	3,302,337
Royalty, product and other revenues
REVENUES:
Revenues	$ 281,352	$ 287,063	$ 308,010

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 733,596	$ 605,773	$ 595,317
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	122,440	116,827	121,784
Provision for credit losses	64,878	65,191	82,567
Deferred taxes	13,996	(34,612)	(40,940)
Stock-based compensation	30,478	32,503	34,277
Impairment of goodwill	0	0
Changes in assets and liabilities, net of acquisitions:
Receivables	(69,094)	(62,247)	(108,394)
Prepaid expenses, other current and noncurrent assets	(5,324)	3,183	(7,287)
Accounts payable, accrued expenses, salaries, wages and payroll taxes	13,565	(23,009)	(4,662)
Deferred revenue, other current and noncurrent liabilities	33,529	(1,575)	(28,507)
Income tax receivables, accrued income taxes and income tax reserves	(97,079)	(20,613)	75,444
Other, net	(2,290)	(538)	1,261
Net cash provided by operating activities	838,695	680,883	720,860
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(82,614)	(82,034)	(63,678)
Payments made for business acquisitions, net of cash acquired	(57,639)	(35,518)	(43,358)
Franchise loans funded	(18,453)	(21,705)	(18,891)
Payments from franchisees	28,097	23,786	24,926
Other, net	5,800	10,098	7,143
Net cash used in investing activities	(124,809)	(105,373)	(93,858)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of line of credit borrowings	(2,375,000)	(1,950,000)	(1,025,000)
Proceeds from line of credit borrowings	2,375,000	1,950,000	1,025,000
Repayments of Long-Term Debt	(350,000)	0	0
Proceeds from Issuance of Senior Long-Term Debt	346,980	0	0
Dividends paid	(211,005)	(197,330)	(179,775)
Repurchase of common stock, including shares surrendered	(512,905)	(437,133)	(379,569)
Other, net	(7,290)	(12,980)	(4,967)
Net cash used in financing activities	(734,220)	(647,443)	(564,311)
Effects of exchange rate changes on cash	(4,904)	(121)	(2,814)
Net increase (decrease) in cash and cash equivalents, including restricted balances	(25,238)	(72,054)	59,877
Cash, cash equivalents and restricted cash, beginning of the period	1,003,139	1,075,193	1,015,316
Cash, cash equivalents and restricted cash, end of the period	977,901	1,003,139	1,075,193
SUPPLEMENTARY CASH FLOW DATA:
Income taxes paid (received), net (includes payments for purchased investment tax credits)	202,134	226,820	131,173
Interest paid on borrowings	76,728	74,639	75,694
Accrued additions to property and equipment	3,996	2,591	3,052
Dividends Payable	$ 52,627	$ 50,208	$ 44,653
Effective tax rate	13.80%	22.00%	21.60%

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
ASSETS
Cash and cash equivalents	$ 958,706	$ 983,277
Cash and cash equivalents - restricted	19,195	19,862
Receivables, less allowance for credit losses of $57,504 and $55,775	58,248	63,621
Prepaid expenses and other current assets	89,408	95,788
Total current assets	1,125,557	1,162,548
Property and equipment, at cost, less accumulated depreciation and amortization of $863,795 and $828,744	141,456	135,068
Operating lease right of use asset	597,641	521,215
Intangible assets, net	266,986	259,412
Goodwill	812,543	802,053	$ 785,226
Deferred tax assets and income taxes receivable	239,745	317,691
Other noncurrent assets	72,423	65,911
Total assets	3,256,351	3,263,898
LIABILITIES:
Accounts payable and accrued expenses	156,330	144,046
Accrued salaries, wages and payroll taxes	121,878	107,375
Accrued income taxes and reserves for uncertain tax positions	266,184	296,244
Current portion of long-term debt	0	349,893
Operating lease liabilities	228,760	209,203
Deferred revenue and other current liabilities	220,273	191,849
Total current liabilities	993,425	1,298,610
Long-term debt	1,491,493	1,143,305
Deferred tax liabilities and reserves for uncertain tax positions	163,660	306,134
Operating lease liabilities	382,100	322,847
Deferred revenue and other noncurrent liabilities	108,185	104,106
Total liabilities	3,138,863	3,175,002
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, no par, stated value $.01 per share, 800,000,000 shares authorized, shares issued of 153,831,735 and 164,367,434	1,538	1,644
Additional paid-in capital	784,363	766,998
Accumulated other comprehensive loss	(64,088)	(47,755)
Retained earnings	30,782	12,061
Less treasury shares of 29,657,150 and 30,420,033, at cost	(635,107)	(644,052)
Total stockholders' equity	117,488	88,896	$ 90,594	$ 32,064
Total liabilities and stockholders' equity	$ 3,256,351	$ 3,263,898