H&R Block Grows First-Quarter Revenue 10.2% and Reaffirms Fiscal 2027 Outlook
H&R Block said Monday revenue in its seasonally slow first quarter rose 10.2% to $224.3 million, and the tax preparer reaffirmed its full-year outlook, according to its earnings release.
The company posted a net loss from continuing operations of $188.1 million, or $1.53 a share, for the quarter ended Sept. 30, wider than a year earlier. H&R Block noted that the first quarter contributes modestly to annual revenue and typically produces a loss.
The adjusted net loss from continuing operations was $172.1 million, or $1.40 a share. Results exclude $8.0 million of severance tied to a previously announced seasonal office leadership transition.
What drove the quarter
Revenue growth came mainly from international services, tax protection and identity services, small business services and U.S. tax preparation, the company said. Operating expenses rose 11.1% to $456.2 million, led by field compensation and benefits.
Capital return
H&R Block repurchased and retired 2.2 million shares for $100.3 million, or $45.68 a share, in the quarter. The board declared a quarterly dividend of 46 cents a share, payable Jan. 6, 2027, to shareholders of record on Dec. 3.
The company has returned $156.9 million to shareholders through dividends and buybacks so far this fiscal year.
Outlook
For fiscal 2027, H&R Block still expects revenue of $4.11 billion to $4.16 billion, adjusted EBITDA of $1.11 billion to $1.14 billion and adjusted diluted earnings of $6.04 to $6.24 a share.
"We remain confident in the assumptions underlying our fiscal 2027 outlook," Chief Financial Officer Tiffany Mason said.
By the numbers
- Q1 revenue: $224.3 million, up 10.2%
- Net loss from continuing operations: $188.1 million, or $1.53 a share
- Shares repurchased: 2.2 million for $100.3 million
- Quarterly dividend: $0.46
- FY2027 adjusted EPS outlook: $6.04 to $6.24
Sources
- Form 8-K with Exhibit 99.1 earnings release, H&R Block, Inc., filed Nov. 9, 2026, accession 0000012659-26-000035
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