NYSE$HRB
H&R Block Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
H&R Block's Q3 2024 results reflected revenue growth, net income growth, and earnings per share growth, driven by strong DIY performance and positive trends in small business.
H&R Block reported a 4% increase in revenue, a 7% increase in net income, and an 18% increase in earnings per share for the third quarter of fiscal year 2024. The company expects to be near the high end of its previously announced outlook for fiscal year 2024.
- Revenue increased by 4% to $2.2 billion, driven by higher net average charge and company-owned volumes in Assisted, higher online paid returns, and a higher NAC.
- Earnings per share from continuing operations increased to $4.87, and adjusted earnings per share from continuing operations increased to $4.94.
- Filing volumes increased year over year, driven by strong performance in DIY paid online clients, which grew 6%, partially offset by modest Assisted volume declines.
- Net average charge grew 7% in DIY paid online and 4% in Assisted.
Headline financials
Revenue & EPS history
H&R Block · Revenue · Quarterly
$2.18B
Revenue by segment
H&R Block · $173M total across 10 segments · Q1 2024
- International$60.6M+2.9%35.0%
- U.S. Assisted Tax Preparation$39.3M+8.1%22.7%
- Peace of Mind® Extended Service Plan$24.8M+0.3%14.4%
- Wave$23.9M+5.7%13.9%
- Emerald Card® and Spruce℠$8.63M-25.7%5.0%
- U.S. Royalties$5.7M-8.5%3.3%
- Tax Identity Shield®$4.58M-11.4%2.7%
- U.S. DIY Tax Preparation$3.85M+21.8%2.2%
- Refund Transfers$1.14M-11.1%0.7%
- Interest and fee income on Emerald Advance®$298K-51.5%0.2%
Forward guidance
The Company now expects to be near the high end of its previously provided outlook for fiscal year 2024.
Tailwinds
- Revenue to be in the range of $3.530 to $3.585 billion.
- EBITDA to be in the range of $930 to $965 million.
- Adjusted Diluted Earnings Per Share to be in the range of $4.10 to $4.30.
- The effective tax rate is now expected to be in the range of 21-22% as compared to 23% previously.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro