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H&R Block's Earnings and Revenues Surpass Estimates in Q3
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H&R Block, Inc. (HRB - Free Report) reported impressive results in the third quarter of fiscal 2025, with earnings and revenues beating the Zacks Consensus Estimate.
HRB reported adjusted earnings (adjusting 7 cents from non-recurring items) of $5.38 per share, which beat the Zacks Consensus Estimate by 5.1% and gained 8.9% from the year-ago reported figure. Total revenues of $2.28 billion marginally beat the Zacks Consensus Estimate by 1.4% and increased 4.2% year over year.
H&R Block shares have rallied 25.3% over the past year, outperforming the 18% decline of the industry it belongs to.
HRB’s Quarterly Numbers
Revenues from U.S. tax preparation and related services were $2.14 million, down 5.2% year over year. Revenues from Financial services were $54.5 million, marking a year-over-year decline of 12.6%. International revenues of $60.4 million decreased 11.5%. Wave revenues registered an increase of 13.3% to $26.7 million.
H&R Block exited the quarter with cash and cash equivalents of $773 million compared with $794.6 million at the end of the year-ago quarter. Long-term debt was $1.14 billion compared with $1.5 billion in the March-end quarter of 2024. The company used $429.3 million of cash in operating activities, while capex was $71.8 million.
HRB’s FY25 Outlook
For fiscal 2025, H&R Block expects revenues in the band of $3.69-$3.75 billion. The midpoint ($3.72 billion) of the guided range is in line with the Zacks Consensus Estimate.
The company expects adjusted earnings per share (EPS) in the range of $5.15-$5.35. The midpoint ($5.25) of the guided range is above the Zacks Consensus Estimate for earnings of $5.23. HRB expects EBITDA between $975 million and $1.02 billion. The effective tax rate is expected to be 13%.
Fiserv, Inc. (FI - Free Report) reported mixed first-quarter 2025 results. The company’s earnings beat the Zacks Consensus Estimate, while revenues missed the mark.
FI’s adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. Adjusted revenues of $4.8 billion lagged the consensus estimate by 1.6% but rose 5.5% on a year-over-year basis. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
The Interpublic Group of Companies, Inc. (IPG - Free Report) reported mixed first-quarter 2025 results. The company’s earnings topped the Zacks Consensus Estimate, while revenues missed the mark.
IPG’s adjusted earnings of 33 cents per share surpassed the Zacks Consensus Estimate by 10% but decreased 8.3% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2 billion missed the consensus estimate by a slight margin and declined 20% year over year. Total revenues of $2.3 billion decreased 7.2% year over year but outpaced the Zacks Consensus Estimate of $2 billion.
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H&R Block's Earnings and Revenues Surpass Estimates in Q3
H&R Block, Inc. (HRB - Free Report) reported impressive results in the third quarter of fiscal 2025, with earnings and revenues beating the Zacks Consensus Estimate.
HRB reported adjusted earnings (adjusting 7 cents from non-recurring items) of $5.38 per share, which beat the Zacks Consensus Estimate by 5.1% and gained 8.9% from the year-ago reported figure. Total revenues of $2.28 billion marginally beat the Zacks Consensus Estimate by 1.4% and increased 4.2% year over year.
H&R Block, Inc. Price, Consensus and EPS Surprise
H&R Block, Inc. price-consensus-eps-surprise-chart | H&R Block, Inc. Quote
H&R Block shares have rallied 25.3% over the past year, outperforming the 18% decline of the industry it belongs to.
HRB’s Quarterly Numbers
Revenues from U.S. tax preparation and related services were $2.14 million, down 5.2% year over year. Revenues from Financial services were $54.5 million, marking a year-over-year decline of 12.6%. International revenues of $60.4 million decreased 11.5%. Wave revenues registered an increase of 13.3% to $26.7 million.
H&R Block exited the quarter with cash and cash equivalents of $773 million compared with $794.6 million at the end of the year-ago quarter. Long-term debt was $1.14 billion compared with $1.5 billion in the March-end quarter of 2024. The company used $429.3 million of cash in operating activities, while capex was $71.8 million.
HRB’s FY25 Outlook
For fiscal 2025, H&R Block expects revenues in the band of $3.69-$3.75 billion. The midpoint ($3.72 billion) of the guided range is in line with the Zacks Consensus Estimate.
The company expects adjusted earnings per share (EPS) in the range of $5.15-$5.35. The midpoint ($5.25) of the guided range is above the Zacks Consensus Estimate for earnings of $5.23. HRB expects EBITDA between $975 million and $1.02 billion. The effective tax rate is expected to be 13%.
H&R Block currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshot
Fiserv, Inc. (FI - Free Report) reported mixed first-quarter 2025 results. The company’s earnings beat the Zacks Consensus Estimate, while revenues missed the mark.
FI’s adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. Adjusted revenues of $4.8 billion lagged the consensus estimate by 1.6% but rose 5.5% on a year-over-year basis. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
The Interpublic Group of Companies, Inc. (IPG - Free Report) reported mixed first-quarter 2025 results. The company’s earnings topped the Zacks Consensus Estimate, while revenues missed the mark.
IPG’s adjusted earnings of 33 cents per share surpassed the Zacks Consensus Estimate by 10% but decreased 8.3% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2 billion missed the consensus estimate by a slight margin and declined 20% year over year. Total revenues of $2.3 billion decreased 7.2% year over year but outpaced the Zacks Consensus Estimate of $2 billion.