NYSE$HRB

H&R Block Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported revenue growth due to higher tax return volume and increased small business payments processing.

H&R Block reported a 10% increase in revenue for the second quarter of fiscal year 2021, reaching $177 million. The company's pretax loss improved by $24 million to $(237) million. GAAP loss per share from continuing operations increased to $(1.17), and adjusted non-GAAP loss per share increased to $(1.09).

  • Second quarter revenue growth of 10% to $177 million.
  • Pretax loss improved $24 million to $(237) million.
  • The company repurchased and retired 9.5 million shares at an aggregate price of $150 million.
  • The company announced the next phase of its strategic transformation.

Headline financials

Total Revenue

$177M

Previous: $161M+9.8%
EPS (adj)

-$1.09

Previous: -$0.93-17.2%
Capital Expenditures

-$26.6M

Previous: -$42.9M+38.0%
Free Cash Flow

-$250M

Previous: -$231M-8.4%
Net Income

-$224M

Previous: -$188M-19.0%
Operating Income

-$401M

Previous: -$264M-51.8%
Gross Profit

-$68.5M

Previous: -$92.4M+25.9%
Cash & Equivalents

$209M

Previous: $245M-14.8%
Total Assets

$2.56B

Previous: $2.76B-7.3%
Stock-Based Comp

$7.78M

Previous: $9.42M-17.4%

Revenue & EPS history

H&R Block · Revenue · Quarterly

$177M

Q2 2021+9.8%vs Q2 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

H&R Block · $166M total across 10 segments · Q2 2021

  • U.S. Assisted Tax Preparation
    $48.9M+18.7%
  • International
    $48.9M+8.8%
  • Peace of Mind® Extended Service Plan
    $24.8M-3.4%
  • Wave
    $14.3M+31.4%
  • Emerald Card® and Spruce℠
    $9.8M+13.7%
  • U.S. Royalties
    $7.58M-3.1%
  • U.S. DIY Tax Preparation
    $5.06M+11.3%
  • Tax Identity Shield®
    $4.84M+4.0%
  • Refund Transfers
    $1.19M+50.7%
  • Interest and fee income on Emerald Advance®
    $501K+3.3%

Forward guidance

H&R Block is committed to maintaining a strong balance sheet, investing in long-term growth opportunities, and returning capital to shareholders through dividends and share repurchases.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.2%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+1.6%

Avg return

30 days after

39%

27 / 69 earnings

Positive

+23.5%

Q3 2026

Best reaction

-17.3%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+23.5%+25.1%+29.8%
Q2 2026-2.9%-11.9%-13.3%
Q1 2026-3.5%-10.7%-18.2%
Q3 2025-5.4%-7.6%-5.5%
Q2 2025-0.1%-3.4%+2.0%
Q1 2025-5.3%-4.1%-8.3%
Q4 2024+13.2%+17.0%+11.0%
Q3 2024+10.3%+9.3%+2.8%
Q2 2024-1.1%-0.1%+2.9%
Q1 2024-0.0%+7.7%+9.6%
Q4 2023+10.3%+12.1%+12.1%
Q3 2023-2.9%-0.4%-1.5%
Q2 2023+0.1%-1.2%-8.0%
Q1 2023-6.4%-3.4%+5.6%
Q4 2022+13.1%+12.8%+12.6%
Q3 2022+17.1%+33.1%+47.3%
Q2 2022+5.1%+4.8%+13.7%
Q1 2022+5.0%+9.6%+2.8%
Q4 2021-7.4%+1.5%+3.9%
Q3 2021+2.4%+5.2%+11.9%
Q2 2021-7.5%-10.1%-10.1%
Q1 2021+2.0%+4.5%+14.9%
Q4 2020-8.0%-11.3%-15.7%
Q3 2020-9.5%-4.8%-45.4%
Q2 2020-1.0%-2.0%-0.6%
Q1 2020-9.4%-10.0%-13.3%
Q4 2019+4.2%+6.5%+4.4%
Q3 2019+6.0%+2.5%+5.9%
Q2 2019-1.7%+0.9%-7.5%
Q1 2019-1.1%+1.7%-2.4%
Q4 2018-17.3%-19.5%-18.1%
Q3 2018+11.4%+7.3%+0.2%
Q2 2018+4.2%+4.6%+1.9%
Q1 2018-9.5%-9.6%-8.0%
Q4 2017+10.2%+13.2%+18.2%
Q3 2017+14.2%+13.2%+12.4%
Q2 2017+0.4%+3.3%+5.8%
Q1 2017-11.8%-11.8%-7.7%
Q4 2016+15.3%+13.2%+12.3%
Q3 2016-14.8%
Q2 2016-7.5%
Q1 2016+4.1%
Q4 2015+1.5%
Q3 2015-5.0%
Q2 2015-6.0%
Q1 2015-2.4%
Q4 2014+5.3%
Q3 2014-2.4%
Q2 2014-3.5%
Q1 2014-0.8%
Q4 2013-1.7%
Q3 2013+8.0%
Q2 2013+5.8%
Q1 2013-1.5%
Q4 2012+3.0%
Q3 2012-0.1%
Q2 2012-7.3%
Q1 2012-11.3%
Q4 2011-1.3%
Q3 2011+5.5%
Q2 2011-3.6%
Q1 2011+1.0%
Q4 2008-3.4%
Q4 2010-3.4%
Q3 2010-0.1%
Q3 2009-0.1%
Q2 2010-0.2%
Q4 2009-1.7%
Q1 2010-1.7%

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