HRB Financials H&R Block Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 16, 2026, 10:14 UTC Overview →

Growth & profitability

Revenue has grown 2.9% per year over the past 5 years.
Net income has grown faster than revenue (4.7% vs 2.9% per year).
Free cash flow has grown 5.7% per year over the past 5 years.

Financial health

Total debt ($1.5B) exceeds cash ($959M); net debt is $533M.
Total debt has grown in line with revenue (0.0% vs 2.9% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 28.8% of earnings and 27.9% of free cash flow.
The dividend has grown 1.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$3.9B	$734M	44.3%	0.0%	624.4%	22.5%	$756M	$1.5B	$959M
2025	$3.8B	$606M	44.5%	0.0%	681.4%	18.6%	$599M	$1.5B	$983M
2024	$3.6B	$595M	44.8%	0.0%	657.1%	18.5%	$657M	$1.5B	$1.1B
2023	$3.5B	$554M	44.6%	0.0%	1726.9%	18.0%	$752M	$1.5B	$987M
2022	$3.5B	$554M	45.7%	0.0%	261.6%	16.9%	$747M	$1.5B	$885M
2021	$3.4B	$584M	46.0%	0.0%	165.7%	16.0%	$573M	$1.5B	$934M
2020	$2.6B	-$8M	35.1%	0.0%	-10.6%	-0.1%	$27M	$3.5B	$2.7B
2019	$3.1B	$423M	43.2%	0.0%	78.0%	12.8%	$511M	$1.5B	$1.6B
2018	$3.2B	$613M	44.9%	0.0%	155.7%	19.5%	$751M	$1.5B	$1.5B
2017	$3.0B	$409M	45.8%	0.0%	-671.7%	15.2%	$463M	$1.5B	$1.0B
2016	—	$374M	—	—	1620.0%	13.1%	$445M	$1.5B	$897M
2015	—	$474M	—	—	25.8%	10.5%	$503M	$506M	$2.0B
2014	—	$475M	—	—	30.5%	10.1%	$663M	$906M	$2.2B
2013	—	$434M	—	—	34.3%	9.6%	$384M	$907M	$1.7B
2012	—	$266M	—	—	20.1%	5.7%	$280M	$1.0B	$1.9B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.1B	$294M	0.0%	0.0%	250.0%	9.0%	$237M	$1.5B	$959M
Mar '26	$2.4B	$848M	0.0%	0.0%	-3479.0%	25.0%	$1.5B	$1.5B	$867M
Dec '25	$199M	-$242M	0.0%	0.0%	29.4%	-8.3%	—	$2.4B	$349M
Sep '25	$204M	-$166M	0.0%	0.0%	30.1%	-6.3%	-$370M	$1.7B	$376M
Jun '25	$1.1B	$299M	0.0%	0.0%	336.8%	9.2%	$241M	$1.5B	$983M
Mar '25	$2.3B	$722M	0.0%	0.0%	-374.6%	22.3%	$1.3B	$1.5B	$773M
Dec '24	$179M	-$243M	0.0%	0.0%	27.9%	-9.0%	-$597M	$2.3B	$320M
Sep '24	$194M	-$173M	0.0%	0.0%	46.9%	-6.8%	-$347M	$1.5B	$416M
Jun '24	$1.1B	$258M	0.0%	0.0%	284.6%	8.0%	$291M	$1.5B	$1.1B
Mar '24	$2.2B	$691M	0.0%	0.0%	-187.7%	21.5%	$1.3B	$1.5B	$795M
Dec '23	$179M	-$190M	0.0%	0.0%	24.6%	-6.8%	-$627M	$2.3B	$321M
Sep '23	$184M	-$163M	0.0%	0.0%	47.4%	-6.5%	-$348M	$1.5B	$427M
Jun '23	$1.0B	$302M	0.0%	0.0%	942.7%	9.8%	$310M	$1.5B	$987M
Mar '23	$2.1B	$643M	0.0%	0.0%	-1768.1%	20.4%	$1.3B	$1.5B	$909M
Dec '22	$166M	-$224M	0.0%	0.0%	34.7%	-8.6%	-$484M	$2.1B	$264M
Sep '22	$180M	-$168M	0.0%	0.0%	63.6%	-6.6%	-$338M	$1.5B	$323M
Jun '22	$1.1B	$223M	0.0%	0.0%	105.2%	6.8%	$426M	$1.5B	$885M
Mar '22	$2.1B	$673M	0.0%	0.0%	1500.8%	17.8%	$1.3B	$2.0B	$1.0B
Dec '21	$159M	-$191M	0.0%	0.0%	51.1%	-6.1%	-$625M	$2.3B	$336M
Sep '21	$193M	-$152M	0.0%	0.0%	-976.3%	-4.5%	-$328M	$2.0B	$892M

Valuation over time

How the market has priced HRB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 7.8× (Mar '23) to 8.8× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.6× (Nov '26).
The dividend yield has fallen from 4.3% (Mar '23) to 3.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HRB growing its revenue and profit?

Over the past 5 years, H&R Block Inc's revenue has grown 2.9% per year, and net income grown 4.7% per year. These are computed facts, not advice.

How much debt does HRB have?

As of FY2026, H&R Block Inc reported $1.5B of total debt against $959M of cash.

What is HRB's profit margin?

In FY2026, gross margin was 44.3%, operating margin —, and net margin 18.6%.

What is HRB's P/E ratio?

H&R Block Inc's P/E (TTM) is 8.78 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HRB stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.