HRB · H&R Block, Inc.

H&R Block's fiscal 2026 third quarter results highlight a strong tax season, with total revenue reaching $2.398 billion, up 5.3% or $121 million from the prior year, primarily fueled by higher net average charge and volume in U.S. assisted tax preparation, international revenue growth, and increased Refund Transfer volume. Operating expenses rose 4.8% to $1.361 billion, driven by higher field wages tied to revenue growth. A key highlight was the $84.1 million one-time non-cash tax benefit from IRS examination resolution, boosting GAAP net income from continuing operations 17.4% to $848.8 million and diluted EPS 24.2% to $6.61. Excluding this, adjusted net income grew 5.8% to $773.7 million and adjusted EPS rose 11.9% to $6.02, supported by fewer shares from repurchases. Management, led by CEO Curtis Campbell, emphasized improved assisted channel market share for the third consecutive year and a strategy delivering higher-quality outcomes through expert-led, technology-enabled services. CFO Tiffany Mason noted enhanced profitability and progress with higher complexity clients. Year-to-date, $560.9 million returned to shareholders via dividends and buybacks. The company raised its full-year outlook, now expecting revenue of $3.910-$3.920 billion (4.1% growth at midpoint), EBITDA $1.025-$1.035 billion (5.5% growth), 14% effective tax rate, and adjusted EPS $5.10-$5.20 (10.5% growth). Capital allocation remains robust, with a $0.42 quarterly dividend (payable July 7), $700 million remaining on the $1.5 billion buyback program, and new $100 million authorization for Q4. Balance sheet shows cash at $867 million, long-term debt at $1.491 billion as of March 31, 2026.