H&r Block, Inc. · NYSE:HRB
H&r Block — FY2026 Earnings Presentation
27 slides from H&r Block's earnings presentation, Aug 11, 2026
Slide 1: FY26 Financial Results Conference Call
FY26 Financial Results Conference Call August 11, 2026
Slide 2: Jessica Hazel, Vice President, Investor Relations
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Jessica Hazel Vice President, Investor Relations
Slide 3: Safe Harbor Statement: Forward-Looking Statements
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N 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 relate s
Slide 4: Safe Harbor Statement: Non-GAAP Measures
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N 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), adjusted net income, free cash flow, earnings before interest, taxes, dep
Slide 5: Curtis Campbell, President and Chief Executive Officer
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Curtis Campbell President and Chief Executive Officer
Slide 6: Fiscal 2026: Strong Results, Greater Confidence
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Fiscal 2026: Strong Results, Greater Confidence Strong growth Progress Improved client in Revenue, against long- economics and EBITDA , and 1 term strategic business Adjusted EPS 1 priorities quality 1. EBITDA and Adjusted EPS a
Slide 7: One Year In: The Strategy is Working
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL One Year In: The Strategy is Working Expert-led, technology-enabled strategy translating to stronger client outcomes and stronger business performance 01 Assisted category market share maintained Held share after two consecutive
Slide 8: Technology-Enabled Expertise
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Technology-Enabled Expertise +190 bps 4.2M client interactions Improvement in Overall Client Retention Rate AI Tax Assist Engagement +600 bps Nearly 2x engagement Higher retention rate among clients receiving Second Look Vs. FY2
Slide 9: Winning with More Complex, Higher Lifetime Value Clients
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Winning with More Complex, Higher Lifetime Value Clients Complex clients: strengthen both the durability and economics of the business Serving more clients with Clients with more Target household AGI investment income, small com
Slide 10: The Power of Our Omnichannel Model
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL The Power of Our Omnichannel Model An even greater competitive advantage, and a growing source of durability 01 Flexibility that matters more Clients access the level Flexibility is becoming increasingly important as client need
Slide 11: Building a More Durable Growth Engine
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Building a More Durable Growth Engine Experimenting more → learning faster → scaling what works 150+ Experiments Increasing Velocity Exponentially more tests during Tax Improving the client experience, Season ’26 strengthening e
Slide 12: Moving Faster Where the Evidence is Strongest
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Moving Faster Where the Evidence is Strongest A More Consultative Experience • Testing a more consultative, expert-led, technology-enabled experience that creates value during and beyond tax season • Findings included higher cli
Slide 13: Looking Ahead
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Looking Ahead Evidence our strategy is working Becoming a faster learning organization Strong positioning for our future 13
Slide 14: Tiffany Mason, Chief Financial Officer
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Tiffany Mason Chief Financial Officer
Slide 15: Accelerating Performance Through Execution
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Accelerating Performance Through Execution 3rd Consecutive Year of Improved 1 Assisted Category Market Share Trends Supported by higher conversion, better retention, and more complex clients $3.95B 4.9% Progress on Strategy FY26
Slide 16: Fiscal 2026 was a Meaningful Year for H&R Block
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Fiscal 2026 was a Meaningful Year for H&R Block In millions, except per share amounts FY26 FY25 Change Revenue $3,945.4 $3,761.0 4.9% Operating Expenses $3,037.7 $2,933.0 (3.6%) Net Income $736.3 $609.5 20.8% $1,056.9 $976.3 8.3
Slide 17: Capital Structure and Disciplined Capital Allocation Practices
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Capital Structure and Disciplined Capital Allocation Practices In Fiscal 2026 Generated $756M of Free Cash Flow 1 Returned $714M to shareholders in the form of dividends and share repurchases Repurchased and retired ~10.5M share
Slide 18: Entering Fiscal 2027 with Confidence
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Entering Fiscal 2027 with Confidence Assumptions: FY27 Outlook • Industry growth below historic norm • Confidence in our 2027 market position Revenue $4.11B – $4.16B • Healthier balance of volume, price, and mix • Opportunistic
Slide 19: Durable Cash Flow Supports Long-Term Value Creation
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Durable Cash Flow Supports Long-Term Value Creation 1 2 3 Return Excess Capital Invest in the Business Grow the Dividend to Shareholders We expect Fiscal 2027 to Continue investing to drive Board approved 10% Outlook contemplate
Slide 20: Curtis Campbell, President and Chief Executive Officer
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Curtis Campbell President and Chief Executive Officer
Slide 21: Q&A
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Q&A 21
Slide 22: Thank you for joining
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Thank you for joining 22
Slide 23: Appendix
H &R B LO C K F Y 26 F I N A N CI A L R ESULTS CO N F E R E N CE C A LL Appendix 23
Slide 24: Non-GAAP Measures: EBITDA and EBITDA Margin
Non-GAAP Measures: EBITDA and EBITDA Margin The following is a reconciliation of EBITDA and EBITDA Margin, which are non-GAAP financial measures: (in 000s) Year ended Year ended EBITDA and EBITDA Margin June 30, 2026 June 30, 2025 Net income - as reported $ 733,596 $ 605,773 Discontinued operations,
Slide 25: Non-GAAP Measure: Adjusted Net Income and EPS
Non-GAAP Measure: Adjusted Net Income and EPS The following is a reconciliation of Adjusted Net Income and Adjusted EPS, which is a non-GAAP financial measure: (in 000s, except per share amounts) Year ended Year ended ADJUSTED EPS June 30, 2026 June 30, 2025 Net income from continuing operations - a
Slide 26: Non-GAAP Measure: Free Cash Flow
Non-GAAP Measure: Free Cash Flow The following is a reconciliation of Free Cash Flow, which is a non-GAAP financial measure: (in 000s, except per share amounts) Year ended FREE CASH FLOW YIELD June 30, 2026 Operating cash flow - as reported $ 838,695 Less: capital expenditures (82,614) Free cash flo
Slide 27: H&R Block Operating Statistics
H&R Block Operating Statistics July 1, 2025 - July 1, 2024 - % Change OPERATING STATISTICS June 30, 2026 June 30, 2025 TAX RETURNS PREPARED (U.S. only, in 000s)(1): Company-owned operations 9,053 8,874 2.0 % Franchise operations(2) 2,227 2,417 (7.9) % Total Assisted 11,280 11,291 (0.1) % Desktop 1,7