H&R Block, Inc.: Beat — EPS -$1.40, Revenue $224.34M
Earnings BeatQ1 2027 · After-market
Did H&R Block, Inc. (HRB) beat earnings today?
Yes, H&R Block, Inc. (HRB) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.45% surprise
-$1.40Actual
Expected: -$1.45
vs. year ago -16.7%
Total Revenue+5.68% surprise
$224.34MActual
Expected: $212.28M
vs. year ago +10.2%
Released Nov 09 · 4:05 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $224.34M | $203.55M | +10.2% |
| Revenue detail — reported lines | |||
| └─Tax preparation | $54.47M | $51.87M | +5.0% |
| └─Small business services | $34.90M | $31.05M | +12.4% |
| └─Refund transfers | $844.00K | $843.00K | +0.1% |
| └─Tax protection and identity services | $34.32M | $29.18M | +17.6% |
| └─Card and related services | $7.68M | $7.85M | -2.2% |
| └─Other services | $6.47M | $4.83M | +34.0% |
| └─Total U.S. services | $138.68M | $125.62M | +10.4% |
| └─International services | $74.81M | $66.49M | +12.5% |
| └─Total service revenues | $213.49M | $192.11M | +11.1% |
| └─U.S. royalties | $5.68M | $5.85M | -2.8% |
| └─Other | $5.17M | $5.59M | -7.6% |
| └─Total royalties and other revenues | $10.85M | $11.44M | -5.2% |
| GAAP Diluted EPS | -$1.53 | -$1.26 | -21.4% |
| Adjusted diluted EPS | -$1.40 | -$1.20 | -16.7% |
| Net Loss | ($188.48M) | ($165.82M) | -13.7% |
Financial Outlook / Guidance
| Metric | FY27 Outlook |
|---|---|
| Guidance | |
| Revenue | $4.11B-$4.16B |
| Adjusted EBITDA | $1.11B-$1.14B |
| Adjusted Diluted EPS | $6.04-$6.24 |
FY27 Outlook
- Revenue
- Guidance$4.11B-$4.16B
- Adjusted EBITDA
- Guidance$1.11B-$1.14B
- Adjusted Diluted EPS
- Guidance$6.04-$6.24
Business Highlights
- ➤Advanced strategic initiatives to enhance the client experience and support future growth.
- ➤Recognized $8.0M of severance-related costs tied to the seasonal office leadership transition.
- ➤Declared a quarterly cash dividend of $0.46 per share payable January 6, 2027.
- ➤Repurchased and retired 2.2M shares during the first quarter.
- ➤Has approximately $500M remaining under its $1.5B share repurchase program.
- ➤Has paid quarterly dividends consecutively since becoming public in 1962.
- ➤Named CNET's Best Overall online tax service for 2026.
- ➤Combines digital innovation with human expertise through tax preparation services and Spruce.
- ➤Supports small businesses through Block Advisors and Wave bookkeeping, payroll and payment solutions.
Management Commentary
Curtis Campbell, president and chief executive officer
“We are pleased with our start to fiscal 2027, including revenue growth of more than 10%. At the same time, we continue advancing strategic initiatives designed to enhance the client experience and support future growth. Our focus remains on executing our strategy and positioning H&R Block for long-term success.”
Tiffany Mason, chief financial officer
“Our financial position remains strong, and we continue to execute our disciplined capital allocation priorities. During the first quarter, we invested in the business to support future growth while returning capital to shareholders through dividends and share repurchases. We remain confident in the assumptions underlying our fiscal 2027 outlook and are reaffirming our guidance.”