August 15 2024 Web Kansas City Mo

HR Block Q4 Earnings: Revenue and Profits Surge

August 15, 2024 - WEB KANSAS CITY, Mo.

HR Block Inc. reports strong Q4 results, exceeding Wall Street expectations.

HR Block Inc. reported strong financial results for its fiscal fourth quarter, which ended on April 30, 2024. The company reported revenue of $3.1 billion, a 4% increase compared to the same quarter last year. Earnings per share from continuing operations increased by 92% to $3.03, beating analysts' expectations of $2.73 per share, according to Zacks.

Key Financial Highlights

• Revenue: $3.1 billion, a 4% increase year-over-year
• Earnings per share from continuing operations: $3.03, a 92% increase year-over-year
• Net income: $556 million, a 6% increase year-over-year

Factors Contributing to Strong Performance

HR Block attributed its strong financial performance to several factors, including:

• Increased demand for tax preparation services due to the complex tax laws
• Growth in its digital tax preparation platform
• Strong performance in its wealth management business

Outlook for Fiscal Year 2025

HR Block provided a positive outlook for fiscal year 2025. The company expects revenue to grow between 3% and 5%, and earnings per share from continuing operations to increase between 10% and 15%. The company also announced a $1 billion share repurchase program.

Source: HR Block Inc. Fourth Quarter Fiscal Year 2024 Earnings Conference Call