H&R Block reported an 11.1% increase in revenue for its fiscal 2026 second quarter, driven by higher volume and net average charges in assisted tax preparation, strong growth in Wave subscription revenue, and increased DIY software sales. The company reaffirmed its full-year outlook, citing solid execution across its business segments and disciplined capital allocation.
Total revenue increased 11.1% to $198.9 million compared to the prior year.
positiveAssisted tax preparation saw higher volume and net average charge (NAC).
positiveWave subscription revenue and payments volume showed strong growth.
positiveDIY software sales increased.
positiveFull-year outlook was reaffirmed.
positiveTotal operating expenses increased by 5.4% to $497.7 million, primarily due to higher field wages and increased consulting costs.
attentionNet loss from continuing operations was $241.6 million, a slight improvement of 0.4% from the prior year's loss of $242.5 million.
negativeLoss per share from continuing operations increased 6.7% to ($1.91) from ($1.79) in the prior year.
negativeAdjusted loss per share from continuing operations increased 6.4% to ($1.84) from ($1.73) in the prior year.
negativeThe company reported a net loss of $407.985 million for the six months ended December 31, 2025, compared to a net loss of $415.996 million in the prior year.
negativeNet cash used in operating activities was $970.8 million for the six months ended December 31, 2025, compared to $895.6 million in the prior year.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
U.S. tax preparation and related services | N/A | — | — | — |
Financial services | N/A | — | — | — |
International | N/A | — | — | — |
Wave | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
We delivered double‑digit revenue growth in the quarter and reaffirmed our full‑year outlook, reflecting the strength of our year-to-date performance.
The performance across Assisted, DIY, and Wave demonstrates solid execution, and our financial fundamentals and commitment to disciplined capital allocation position us to deliver meaningful long‑term value.
Across the business, we've made tangible improvements this season, whether receiving assistance from a tax professional or filing using our award-winning online tax product.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.