H&r Block, Inc. · NYSE:HRB
H&r Block — Q2 2026 Earnings Presentation
33 slides from H&r Block's earnings presentation, Feb 3, 2026
Slide 1: Second Quarter FY26 Financial Results Conference Call
Second Quarter FY26 Financial Results Conference Call February 3, 2026
Slide 2: Jessica Hazel, Vice President, Investor Relations
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Jessica Hazel Vice President, Investor Relations
Slide 3: Safe Harbor Statement: Forward-Looking Statements
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Safe Harbor Statement Forward -Looking Statements This presentation contains forward -looking statements within the meaning of the securities laws . Forward -looking statements can be identified by the fact that they do not rel
Slide 4: Safe Harbor Statement: Non-GAAP Measures
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Safe Harbor Statement Non -GAAP Measures We refer to certain Non -GAAP financial measures in this presentation, including adjusted earnings per share (EPS) and earnings before interest, taxes, depreciation, and amortization (EB
Slide 5: Curtis Campbell, President and Chief Executive Officer
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Curtis Campbell President and Chief Executive Officer
Slide 6: Today's Discussion
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Today’s 1 Executing on core tax season fundamentals to H&R Block — the table stakes critical Discussion 2 Advancing the client and tax pro experience see and feel this year — improvements they will 3 Positioning H&R Block for l
Slide 7: The Fundamentals that Matter
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Unmatched Local Presence and Professional Expertise Client Success: Confidence and The Fundamentals Convenience that Matter Marketing That Reaches Our Ideal Audiences 7
Slide 8: The Fundamentals that Matter
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL The Fundamentals that Matter Client Insight Confidence Accuracy Convenience Expert -led, technology -enabled experiences that reduce friction and help people feel informed and supported in a complex tax environment 8
Slide 9: Unmatched Local Presence and Professional Expertise
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Unmatched Local Presence and Professional Expertise ▪ Nearly 9,000 offices nationwide ▪ 60,000+ tax professionals with 10 -year average tenure ▪ Expertise and empathy that deepen client trust and retention ▪ Navigating complexi
Slide 10: Client Success: Confidence and Convenience
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Client Success: Confidence and Convenience Confidence Convenience Reassurance clients gain from Easy, seamless experiences across expert help and trusted outcomes omni-channel model Expertise + Accuracy Experiences that deliver
Slide 11: Marketing That Reaches Our Ideal Audiences
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Marketing That Reaches Our Ideal Audiences ▪ Reaching consumers and small businesses who prioritize trust, accuracy, and personalized guidance ▪ Targeting clients with more complex needs who represent the greatest long -term va
Slide 12: Visible Change and Measurable Progress
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Scaling Second Look for New Clients Unmatched Value in Our Paid DIY Products Visible Change and Measurable Progress Technology -Enabled Excellence Operating with Discipline 12
Slide 13: Visible Change and Measurable Progress
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Visible Change and Measurable Progress Delivering improvements that make every client interaction smoother, more consistent, and more valuable 13
Slide 14: Scaling Second Look for New Clients
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Scaling Second Look for New Clients Reviews prior filings to identify errors and missed What It Does refund opportunities Second Second Look is now a standard part of new client Look What’s New onboarding Technology allows us t
Slide 15: Unmatched Value in Our Paid DIY Products
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Unmatched Value in Our Paid DIY Products Confidence -Building Experiences ▪ Stronger value proposition across all paid tiers ▪ Clear guidance that supports clients at every step AI + Human Expertise Working Together ▪ AI Tax As
Slide 16: Technology-Enabled Excellence
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Technology-Enabled Excellence ▪ Enhanced training and AI tools aimed to make tax AI Tax Assist – real -time professionals more effective than ever accurate guidance Second Look – maximize ▪ AI -enabled tax pro assistant deliver
Slide 17: Operating with Discipline
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Operating with Discipline DISCIPLINED EXECUTION TODAY, DEMONSTRATED PROGRESS OVER TIME Acquisition and Retention & Client Small Business Conversion Experience Momentum Insights that refine our roadmap and prioritization 17
Slide 18: A Foundation for Long-Term Growth
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Elevating Our Role to Deliver Advisory Excellence A Foundation for Advancing Small Business Strategy Long -Term Growth AI as a Strategic Enabler 18
Slide 19: Building a Foundation for Long-Term Growth
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Building a Foundation for Long-Term Growth Client -Centered Strategy Test. Learn. Disciplined Experimentation Accelerate. Technology -Enabled Learning & Improvement 19
Slide 20: Elevating Our Role to Deliver Advisory Excellence
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Elevating Our Role to Deliver Advisory Excellence Technology -Enabled Human Expertise ▪ Delivering real insights that guide client decisions ▪ Human empathy and expertise remain central to the client experience ▪ Enabling more
Slide 21: Advancing Small Business Strategy
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Advancing Small Business Strategy * and Wave integration Large TAM Opportunity to creates a unified meaningful expand value experience that whitespace create through deeper, expands our value long -term growth year -round to sm
Slide 22: AI as a Strategic Enabler
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL AI as a Strategic Enabler Intentional, Disciplined, Technology -Enabled Organizational and Responsible Approach Human Expertise Productivity Applying AI with Using technology to Driving productivity purpose to solve real amplif
Slide 23: Tiffany Mason, Chief Financial Officer
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Tiffany Mason Chief Financial Officer
Slide 24: Delivered Double-Digit Revenue Growth in Q2
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Delivered Double-Digit Revenue Growth in Q2 Assisted Revenue Growth Strong demand and $20M 11% improved conversion Higher NAC from favorable mix and Wave pricing discipline Standout growth with strong ProTier demand and rising
Slide 25: Q2 Performance Supported by Strong Revenue Increase
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q2 Performance Supported by Strong Revenue Increase In millions, except per share amounts Q2 FY26 Q2 FY25 Change Revenue $198.9 $179.1 11.1% Operating Expenses $497.7 $472.4 (5.4%) Net Income (Loss) ($241.6) ($242.5) 0.4% EBITD
Slide 26: Value-Creating Capital Allocation Priorities Remain Unchanged
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Value-Creating Capital Allocation Priorities Remain Unchanged In 1H FY26: Returned $508M to shareholders in the form of dividends and share repurchases Invest Grow Return Excess in the the Capital to Return Excess Business Divi
Slide 27: FY26 Outlook Reaffirmed
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL FY26 Outlook Reaffirmed Assumptions: FY26 Outlook ▪ ~1% industry growth in line with historical trends Revenue $3.875B – $3.895B ▪ Healthier balance of volume, price, and mix ▪ Strategic prioritization of Assisted and Paid EBIT
Slide 28: Curtis Campbell, President and Chief Executive Officer
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Curtis Campbell President and Chief Executive Officer
Slide 29: Q&A
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q&A 29
Slide 30: Thank you for joining
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Thank you for joining 30
Slide 31: Appendix
H &R B LO C K Q2 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Appendix 31
Slide 32: Non-GAAP Measure: EBITDA
Non-GAAP Measure: EBITDA The following is a reconciliation of net income to EBITDA from continuing operations, which is a non-GAAP financial measure: {in 000s) Three months ended Three months ended EBITDA December 31, 2025 December 31, 2024 Net loss - as reported $ (242,166) $ (243,420) Discontinued
Slide 33: Non-GAAP Measure: Adjusted EPS
Non-GAAP Measure: Adjusted EPS The following is a reconciliation of our results from continuing operations to our adjusted results from continuing operations, which is a non-GAAP financial measure: (in 000s, except per share amounts) Three months ended Three months ended ADJUSTED EPS December 31, 20