H&R Block Q3 revenue beats estimates; lifts FY forecast

H & R Block

06/05/2026 21:15

Overview

US tax prep firm's fiscal Q3 revenue rose 5.3%, beating analyst expectations

Adjusted EPS for fiscal Q3 rose 11.9% yr/yr to $6.02

Company authorized an incremental $100 mln in share repurchases and raised full-year outlook

Outlook

H&R Block expects fiscal 2026 revenue of $3.910-$3.920 bln

Company sees fiscal 2026 EBITDA of $1.025-$1.035 bln

H&R Block raises fiscal 2026 adjusted diluted EPS outlook to $5.10-$5.20

Result Drivers

ASSISTED TAX PREPARATION - Revenue growth was mainly driven by higher net average charge and volume in U.S. assisted tax preparation

INTERNATIONAL AND REFUND TRANSFERS - Growth in international revenue and increased Refund Transfer volume contributed to higher revenue

ONE-TIME TAX BENEFIT - Net income and EPS were boosted by a one-time non-cash tax benefit from resolution of an IRS examination

Company press release: ID:nGNX3zKJRH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.40 bln
$2.34 bln (3 Analysts)
Q3 Adjusted EPS continuing operations
$6.02
Q3 EPS continuing operations
$6.61
Q3 Operating Expenses
$1.36 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the personal services peer group is "buy."

Wall Street's median 12-month price target for H & R Block Inc is $41.00, about 36.6% above its May 5 closing price of $30.02

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)