H&R Block, Inc. (NYSE: HRB) has unveiled its financial results for the first quarter of fiscal 2026, which ended on September 30, 2025. The company reported a total revenue of $203.6 million, marking a 5.0% increase from the previous year, largely driven by a rise in net average charge (NAC) and growth in the Assisted category, as well as robust performance in Wave subscription revenue and payments volume.

Key Financial Metrics

Reflecting on these results, Tiffany Mason, the Chief Financial Officer, stated, “We were pleased with our first quarter results and returned $455 million to shareholders through dividends and share repurchases.” Despite the traditionally modest contribution of the first quarter to annual revenue, the company’s improved performance signals a positive trajectory as it reaffirms its fiscal year outlook.

Total Revenue: $203.6 million (up $9.7 million or 5.0% YoY)

Total Operating Expenses: $410.6 million (down $11.6 million or 2.7% YoY)

Net Loss from Continuing Operations: $165.4 million (improved by $6.1 million or 3.5% YoY)

Loss Per Share from Continuing Operations: ($1.26), a 2.4% increase YoY

Adjusted Loss Per Share: ($1.20), a 2.6% increase YoY

2. Shareholder Returns and Capital Allocation

In a strong demonstration of its commitment to returning value to shareholders, H&R Block reported significant capital allocation activities. The company announced a quarterly cash dividend of $0.42 per share, scheduled for payment on January 6, 2026, to shareholders of record as of December 4, 2025. H&R Block has maintained a consistent dividend payout since going public in 1962.

Additionally, the company repurchased and retired 7.9 million shares for an aggregate price of $400 million at an average price of $50.90 per share during the quarter. With approximately $700 million remaining on its $1.5 billion share repurchase program, H&R Block has returned nearly $5 billion to shareholders since 2016, buying back 47% of its shares outstanding.

3. Reaffirmed Fiscal Year 2026 Outlook

Looking ahead, H&R Block has reaffirmed its fiscal year 2026 outlook, projecting:

Revenue: $3.875 to $3.895 billion

EBITDA: $1.015 to $1.035 billion

Effective Tax Rate: Approximately 25%

Adjusted Diluted Earnings Per Share: $4.85 to $5.00

4. Leadership Commentary

CEO Jeff Jones expressed optimism regarding the company’s direction, stating, “Fiscal 2026 is off to a strong start, not only in the financial results we are reporting but also in the plans we are preparing to execute in the coming quarters.” He also highlighted the transition in leadership, noting the capabilities of Curtis Campbell to guide H&R Block through its ongoing transformation.

5. Conference Call Details

To discuss the first-quarter results further, H&R Block will host a conference call for analysts and investors at 4:30 p.m. ET on November 6, 2025. Interested parties can register to join the call and access the webcast.

6. Conclusion

H&R Block's fiscal first-quarter results demonstrate a solid foundation for the year ahead, with strategic plans aimed at enhancing shareholder value and operational efficiency. As the company navigates its transformation, the reaffirmed outlook and strong capital returns position it as a resilient player in the financial services sector. Investors and analysts alike will be keen to monitor H&R Block's progress as it continues to adapt to the evolving market landscape.

Original press release