H&r Block, Inc. · NYSE:HRB
H&r Block — Q1 2026 Earnings Presentation
29 slides from H&r Block's earnings presentation, Nov 6, 2025
Slide 1: First Quarter FY26 Financial Results Conference Call
First Quarter FY26 Financial Results Conference Call November 6, 2025 H&R BLOCK
Slide 2: Jessica Hazel, Vice President, Investor Relations
H &R B LO C K Jessica Hazel Vice President, Investor Relations
Slide 3: Safe Harbor Statement
H &R B LO C K Safe Harbor Statement 3
Slide 4: Safe Harbor Statement
H &R B LO C K Safe Harbor Statement 4
Slide 5: Jeff Jones, President & Chief Executive Officer
H&RBLOCK Qj] FY26 Financial Results Conference Call Jeff Jones President & Chief Executive Officer
Slide 6: Teams are finalizing tax season plans
H &R B LO C K ▪ Teams are finalizing tax season plans and applying key learnings from last year ▪ Marketing: Strengthen messaging, personalize experiences, and optimize funnel 1 ▪ Retail & DIY: Enhance client experience, remove friction and boost conversion from marketing demand ▪ Key Products: Deli
Slide 7: Tiffany Mason, Chief Financial Officer
H &R B LO C K Tiffany Mason Chief Financial Officer
Slide 8: Q1 FY26 Results: Financial Strength and Strategic Execution
H &R B LO C K Q1 FY26 Results: Financial Strength and Strategic Execution 8
Slide 9: Strong Q1 Revenue Performance Across U.S. Assisted and Wave
H &R B LO C K Strong Q1 Revenue Performance Across U.S. Assisted and Wave Revenue Growth Higher Prior Year and Increased Extension Helped more Small Strong Growth from Amended Return Conversions over Business Clients File Wave ProTier and Volume Last Year Entity Returns Payments Volume 9
Slide 10: Q1 Performance Shows Strong Year-over-Year Growth
H &R B LO C K Q1 Performance Shows Strong Year-over-Year Growth In millions, except per share amounts Q1 FY26 Q1 FY25 Change 10
Slide 11: Value-Creating Capital Allocation Priorities Remain Unchanged
H &R B LO C K Value-Creating Capital Allocation Priorities Remain Unchanged Invest in the Business Announced a 12% Repurchased 7.9 million Retired ~6% of shares increase to quarterly shares for $400 million outstanding dividend in August Grow the Dividend Return Excess Capital to Shareholders 11
Slide 12: Strong Start to FY26: Outlook Reaffirmed
H &R B LO C K Strong Start to FY26: Outlook Reaffirmed ▪ ▪ ▪ ▪ 1 12
Slide 13: Investment Thesis Remains Strong
H &R B LO C K Investment Thesis Remains Strong… 13
Slide 14: Curtis Campbell, President, Global Consumer Tax and Chief Product Officer
H&RBLOCK Qj] FY26 Financial Results Conference Call Curtis Campbell President, Global Consumer Tax and Chief Product Officer
Slide 15: Individuals and families managing their tax and financial needs
H &R B LO C K Individuals and families managing Self-employed individuals and small their tax and financial needs business owners managing day-to-day demands 15
Slide 16: Consumer and Small Business Markets Provide Growth Opportunity
H &R B LO C K Consumer and Small Business Markets Provide Growth Opportunity Consumer Tax Prep Small Business Tax Prep and Other Services 16
Slide 17: Prioritizing Growth Among More Complex, Higher Lifetime Value Filers
H &R B LO C K Prioritizing Growth Among More Complex, Higher Lifetime Value Filers Lower Higher Lifetime Value Lifetime Value 17
Slide 18: Improving the Experience Through Innovative Solutions
H &R B LO C K Improving the Experience Through Innovative Solutions 1 18
Slide 19: Advancing Capabilities to Shape the Future
H &R B LO C K Advancing Capabilities to Shape the Future 19
Slide 20: Omni-Channel Experience Delivers Assistance on Our Clients' Terms
H &R B LO C K Omni-Channel Experience Delivers Assistance on Our Clients’ Terms 20
Slide 21: Consumer Confidence in Professionals Drives Assisted Market Share
H &R B LO C K Consumer Confidence in Professionals Drives Assisted Market Share 21
Slide 22: Across both consumer and small business audiences
H &R B LO C K Across both consumer and small business audiences, H&R Block’s edge lies in our ability to meet customers where they are, digitally and in person It’s this unique combination of trusted human expertise and forward-thinking innovation that will set us apart 22
Slide 23: Jeff Jones, President & Chief Executive Officer
H&RBLOCK Qj] FY26 Financial Results Conference Call Jeff Jones President & Chief Executive Officer
Slide 24: Closing Thoughts
H&RBLOCK QI FY26 Financial Results Conference Call Closing Thoughts | Excited for Curtis to enter the CEO role and fortunate to make such a smooth transition | H&R Block plays an important role in enabling financial freedom for our clients Wi There is great conviction for what H&R Block can achieve
Slide 25: FY26 Financial Results Conference Call
H&RBLOCK Qi FY26 Financial Results Conference Call
Slide 26: Thank you for joining
H &R B LO C K Thank you for joining 26
Slide 27: Appendix
H&RBLOCK Qi FY26 Financial Results Conference Call Appendix a
Slide 28: 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 September 30, 2025 Septemb 2024 Net loss - as reported $ (165,819) S$ (172,576) Discontinued op
Slide 29: 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 September 30, 2