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H&R Block — Fiscal 2027 First Quarter Earnings Summary

  • Total revenue rose 10.2% year-over-year to $224.3 million, driven by growth across international services, tax protection, small business services, and U.S. tax preparation, while operating expenses increased 11.1% to $456.2 million.
  • Net loss from continuing operations widened 13.8% to $188.1 million ($1.53 per share) compared to the prior year, with adjusted net loss increasing 9.5% to $172.1 million ($1.40 per share).
  • The company reaffirmed its full-year fiscal 2027 guidance, projecting revenue between $4.11 billion and $4.16 billion and adjusted diluted EPS between $6.04 and $6.24.
  • Capital return activities included a $0.46 per share quarterly dividend declaration and the repurchase of 2.2 million shares for $100.3 million, leaving $500 million available under the existing $1.5 billion program.
  • Cash and cash equivalents declined to $390.5 million from $958.7 million at the start of the quarter, reflecting $358.5 million in net cash used in operating activities.
Company
H&R BLOCK INC
Sector
Consumer Cyclical
Industry
Personal Services