Dashboard|HRB – Overview

HRB

H&R BLOCK INC

Technology • CIK: 0000012659

Market Cap

$5.73B

P/E (TTM)

9.9x

Rev Growth (TTM)

+4.7%

Net Margin (TTM)

16.1%

FCF Yield (TTM)

9.2%

FCF Margin (TTM)

13.8%

LATEST EARNINGS

•

Q2 FY2026

•

about 1 month ago

•View source

Revenue

$198.87M

+11.1%

Net Income

$-242.17M

+0.5%

EPS

$-1.92

-6.7%

Net

-121.8%↑ +14.2%

•Total revenue increased 11.1% to $198.9 million compared to the prior year.
•Assisted tax preparation saw higher volume and net average charge (NAC).
•Wave subscription revenue and payments volume showed strong growth.
•DIY software sales increased.

View Full Earnings →

Cash Flow Health

Free Cash Flow4/8 positive

TTM$524M

Q2 '26

$-649M-76%

Q '26

$-370M-253%

FCF Margin

TTM13.8%

Q2 '26-326.6%-80%

Sector: 10.0%Above Avg

OCF Margin16.0%

OCF/NI0.99x

CapEx Coverage7.4x

FCF Yield9.2%

FCF Growth (2Y)-16%

Cash Conversion Cycle

20 days

DSO: 20+DIO: 0−DPO: 0

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Balanced

Total Shareholder YieldEst.

Est.3.8%

Div Yield3.8%

Est. Buyback3.2%

Balancing returns with reinvestment

Dividend & Payout Metrics

Dividend Yield (TTM)3.8%

FCF Payout Ratio41.0%

Free Cash Flow (TTM)$524.1M

Capital Return / FCF39.1%

Est. Dividends Paid (TTM)$214.8M

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

86.8%

Volatile

+0.3% YoY-221.4%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

17.4%

8Q: -26.7%

Asset Turnover

1.27x

8Q: 0.80x

Leverage (1+D/E)

-1.96x

D/E: -2.96x

DuPont: -43.1% ≈ 86.8% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

26.80x

8Q:18.68x

-5763.0%

Invested Cap Turn

5.00x

8Q:4.68x

-933.6%

CapEx Intensity

10.8%

8Q:10.6%

CapEx/Depreciation

0.69x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q2 2026	Q 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024
Revenue	$3.8B	$198.9M↓2.3%	$203.6M↓81.7%	$1.1B↓51.2%	$2.3B↑1171.6%	$179.1M↓7.6%	$193.8M↓81.8%	$1.1B↓51.4%	$2.2B
Operating Income	$843.7M	$-298.9M↓44.4%	$-207.0M↓155.8%	$371.3M↓62.0%	$978.3M↑433.6%	$-293.3M↓28.4%	$-228.3M↓165.1%	$350.8M↓62.2%	$928.2M
Net Income	$611.1M	$-241.8M↓46.0%	$-165.6M↓155.4%	$299.0M↓58.4%	$719.5M↑396.4%	$-242.7M↓41.4%	$-171.7M↓166.7%	$257.3M↓62.6%	$688.8M
Operating Cash Flow	$605.7M	$-614.0M↓72.1%	$-356.8M↓241.8%	$251.6M↓81.0%	$1.3B↑333.7%	$-567.1M↓72.6%	$-328.6M↓209.3%	$300.6M↓77.9%	$1.4B
Free Cash Flow	$524.1M	$-649.5M↓75.5%	$-370.0M↓253.3%	$241.3M↓81.5%	$1.3B↑318.0%	$-597.4M↓72.0%	$-347.3M↓219.5%	$290.7M↓78.3%	$1.3B
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

9.9x

Valuation Lenses

Earnings

9.9x

vs – sector

Cash Flow

18.2x

EV/FCF vs –

Growth-Adj

0.5xPEG

Undervalued for growth

Quality-Adj

0.1P/E per %ROIC

ROIC: 86.8%

Shareholder Returns

Dividend

3.8%

Buyback

–

Total Yield

3.8%

Market Cap$5.73B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

-46/100

Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%

-1.6%

8Q:–

Return on Invested Capital (ROIC)Top 25%

86.8%

8Q:–

-221.4%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 17.4%

Asset Turnover: 1.27x

Earnings Quality

Cash Conversion

0.99x

OCF / Net Income

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin49.9%

Capital Efficiency

Invested Capital Turnover5.00x

Working Capital

Cash Conversion Cycle20 days

Growth Quality & Momentum

Low Quality

Growth Quality Score

47/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

4.7%

OpInc Growth YoY

-1.9%

EPS Growth YoY

21.3%

FCF 3Y CAGR

-15.8%

Growth Quality Analysis

⚠Working Capital Drag: FCF growth lagging revenue by 20.5%

⚠Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate

Profitability Cascade

Gross

49.9%

Operating

22.3%

Top 25% in sector

Net

16.1%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-2.3 pts

FCF: 13.8% | Net: 16.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid

Net Debt / EBITDA

–Net Debt: $2.07B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

-2.96x

Balance sheet risk & solvency analysis