H&R Block (HRB) financial statements
H&R Block reported revenue of $3.9B in fiscal 2026, up 3.0% a year over 9 years.
Net income was $734M and the operating margin 23.0%, against 23.6% in 2017.
Free cash flow was $756M, and the company returned $211M in dividends.
The diluted share count fell 40% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from H&R Block's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $3.2B | $3.1B | $2.6B | $3.4B | $3.5B | $3.5B | $3.6B | $3.8B | $3.9B |
| Cost of revenue | $1.6B | $1.7B | $1.8B | $1.7B | $1.8B | $1.9B | $1.9B | $2.0B | $2.1B | $2.2B |
| Gross profit | $1.4B | $1.4B | $1.3B | $927M | $1.6B | $1.6B | $1.5B | $1.6B | $1.7B | $1.7B |
| Selling, general and admin | $676M | $668M | $722M | $744M | $802M | $837M | $800M | $814M | $847M | $841M |
| Operating income | $716M | $752M | $616M | $77M | $770M | $745M | $749M | $805M | $828M | $908M |
| Interest expense | $93M | $89M | $87M | $96M | $107M | $88M | $73M | $79M | $78M | $81M |
| Pre-tax income | $629M | $669M | $545M | -$3M | $762M | $659M | $711M | $762M | $781M | $854M |
| Income tax | $208M | $42M | $100M | -$10M | $164M | $98M | $149M | $164M | $172M | $118M |
| Net income | $409M | $613M | $423M | -$8M | $584M | $554M | $554M | $595M | $606M | $734M |
| EPS (diluted) | $1.91 | $2.91 | $2.04 | -$0.04 | $3.08 | $3.22 | $3.51 | $4.12 | $4.39 | $5.66 |
| Diluted shares | 214M | 210M | 207M | 198M | 189M | 171M | 157M | 144M | 137M | 129M |
| Gross margin | 45.8% | 44.9% | 43.2% | 35.1% | 46.0% | 45.7% | 44.6% | 44.8% | 44.5% | 44.3% |
| Operating margin | 23.6% | 23.8% | 19.9% | 2.9% | 22.5% | 21.5% | 21.6% | 22.3% | 22.0% | 23.0% |
| Net margin | 13.5% | 19.4% | 13.7% | -0.3% | 17.1% | 16.0% | 15.9% | 16.5% | 16.1% | 18.6% |
Balance sheet
Fiscal years, from H&R Block's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.0B | $1.5B | $1.6B | $2.7B | $934M | $885M | $987M | $1.1B | $983M | $959M |
| Receivables | $163M | $147M | $139M | $133M | $198M | $58M | $60M | $69M | $64M | $58M |
| Total current assets | $1.3B | $1.9B | $2.0B | $3.1B | $1.7B | $1.4B | $1.2B | $1.2B | $1.2B | $1.1B |
| Property, plant and equipment | $264M | $232M | $212M | $184M | $148M | $124M | $130M | $131M | $135M | $141M |
| Goodwill | $491M | $508M | $520M | $712M | $758M | $760M | $775M | $785M | $802M | $813M |
| Total assets | $2.7B | $3.1B | $3.3B | $5.1B | $3.7B | $3.3B | $3.1B | $3.2B | $3.3B | $3.3B |
| Total current liabilities | $939M | $844M | $923M | $1.6B | $1.2B | $999M | $939M | $977M | $1.3B | $993M |
| Long-term debt | $1.5B | $1.5B | $1.5B | $2.8B | $1.5B | $1.5B | $1.5B | $1.5B | $1.1B | $1.5B |
| Total liabilities | $2.8B | $2.7B | $2.8B | $5.0B | $3.3B | $3.1B | $3.0B | $3.1B | $3.2B | $3.1B |
| Shareholders' equity | -$61M | $394M | $542M | $71M | $352M | $212M | $32M | $91M | $89M | $117M |
| Net debt | $483M | -$49M | -$80M | $833M | $556M | $602M | $502M | $438M | $510M | $533M |
Cash flow
Fiscal years, from H&R Block's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $552M | $850M | $607M | $109M | $626M | $809M | $822M | $721M | $681M | $839M |
| Capital spending | $89M | $99M | $95M | $82M | $53M | $62M | $70M | $64M | $82M | $83M |
| Free cash flow | $463M | $751M | $511M | $27M | $573M | $747M | $752M | $657M | $599M | $756M |
| Stock-based compensation | $19M | $22M | $24M | $28M | $28M | $34M | $31M | $34M | $33M | $30M |
| Dividends paid | $187M | $200M | $205M | $205M | $195M | $186M | $178M | $180M | $197M | $211M |
| Net borrowing | $0 | $0 | — | — | — | -$500M | $0 | $0 | $0 | -$350M |
| Free cash flow margin | 15.2% | 23.8% | 16.5% | 1.0% | 16.8% | 21.6% | 21.7% | 18.2% | 15.9% | 19.2% |
| Dividends per share | $0.87 | $0.95 | $0.99 | $1.03 | $1.03 | $1.09 | $1.13 | $1.25 | $1.44 | $1.64 |
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Open HRB in InvestinglyQuestions
What was H&R Block's revenue in 2026?
$3.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does H&R Block generate?
$756M in fiscal 2026 (operating cash flow minus capital spending).
From H&R Block's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.