Foreign exchangepositive · 2 filings
“International revenues increased $18.4 million , or 7.4%, due to favorable foreign currency exchange rates in Canada and Australia.”10-K · Aug 14, 2026 ↗
H&R Block, Inc.
HRB
Market read
H&R Block, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company-0.5% todayVolume comparison unavailable
Market group0 of 1 activeTax Preparation Services · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Income-tax expense fell after the IRS settlement and related carryback claims, lifting annual earnings; compare the tax line once that item is no longer present.
- U.S. royalties revenue declined as franchise tax-return volumes fell, with the company attributing the change primarily to franchise acquisitions.
Invalidation: The isolated read changes if HRB's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Income-tax expense fell after the IRS settlement and related carryback claims, lifting annual earnings; compare the tax line once that item is no longer present.
- U.S. royalties revenue declined as franchise tax-return volumes fell, with the company attributing the change primarily to franchise acquisitions.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements91
Verified relationships3
Evidence supporting the case
- Net margin changed +2.5 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.14x in the latest annual period.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 75% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 65% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
44.856m+47.2%12m-12.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-06-30$3.5B+1.4%$3.22-9.2%
2023-06-30$3.5B+0.3%$3.51-8.3%
2024-06-30$3.6B+4.0%$4.12-8.5%
2025-06-30$3.8B+4.2%$4.39-4.6%
2026-06-30$3.9B+4.9%$5.66-6.2%
What management says matters
Persistent and emerging business drivers
Restructuring and cost reductionspositive · 2 filings
“Benefits and other compensation increased $6.1 million, or 3.2%, due to higher payroll taxes, employee insurance, and severance.”10-Q · May 6, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.5× · EV/sales 1.6×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
44.91-0.5% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 14:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HRB. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for HRB. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind HRB
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CASHPathward Financial, Inc.supplierAug 15, 2025 ▾
“A few examples of this type of reliance include: our relationships with Fidelity National Information Services, Inc.”
FISFidelity National Information Services, Inc.supplierAug 15, 2025 ▾
“A few examples of this type of reliance include: our relationships with Fidelity National Information Services, Inc.”
MSFTMicrosoft CorporationsupplierAug 15, 2025 ▾
“A few examples of this type of reliance include: our relationships with Fidelity National Information Services, Inc.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HRB is currently a Leader in the organic co-movement group Tax Preparation Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for HRB; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.