H&r Block, Inc. · NYSE:HRB
H&r Block — Q3 2026 Earnings Presentation
32 slides from H&r Block's earnings presentation, May 6, 2026
Slide 1: Third Quarter FY26 Financial Results Conference Call
H&R BLOCK Third Quarter FY26 Financial Results Conference Call May 6, 2026
Slide 2: Jessica Hazel
H &R B LO C K Q3 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 Q3 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 Q3 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 net income, adjusted earnings per share (EPS), and earnings before interest, taxes, depreciation
Slide 5: Curtis Campbell
H &R B LO C K Q3 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: Tax Season Provided Measurable Evidence that Strategy Is Working
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Tax Season Provided Measurable Evidence that Strategy Is Working Ahead of Business quality Expert -led expectations improving engagement Clients increasingly engage with H&R Block through expert -led, technology -enabled assist
Slide 7: Maintained Assisted Channel Market Share
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Maintained Assisted Channel Market Share Tangible Results What’s Behind It ▪ Held assisted channel market share this tax ▪ More consistent assisted experience season ▪ Strong pull from clients seeking confidence ▪ Favorable ass
Slide 8: Turning Execution into Better Client Outcomes
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Turning Execution into Better Client Outcomes Execution Client Business Improvements Experience Outcomes Clearer expectations Intentional Improvements Stronger conversion Fewer friction points Digitally and in-person Higher ret
Slide 9: Improved Execution Is Driving Stronger Conversion
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Improved Execution Is Driving Stronger Conversion Just one example: R educed uncertainty before clients arrived for their appointments Personalized pre -appointment experience clarified expectations and minimized friction Clien
Slide 10: Client Retention Improved as Experience Quality Strengthened
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Client Retention Improved as Experience Quality Strengthened Just one example: Second Look Trust +600bps Confidence Retention Quality Experience AI -based technology now automates the initial review of prior -year returns Tax p
Slide 11: Ensuring Clarity And Confidence At Key Decision Points
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Ensuring Clarity And Confidence At Key Decision Points Client Experience Monitors Recent tax law changes reinforced Shifted from Reduced Drove a the important role tax -pro -led friction and 550 bp improved increase in we play
Slide 12: Winning with More Complex, Higher-Lifetime Value Clients
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Winning with More Complex, Higher-Lifetime Value Clients ▪ Improved execution and experience consistency drove greater mix toward Mix Shift Toward more complex clients Higher Complexity ▪ These clients place a high value on tru
Slide 13: Scaling Trusted, Expert-Led Outcomes Through Technology
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Scaling Trusted, Expert-Led Outcomes Through Technology In a High -Stakes, Regulated Environment ▪ Accuracy, accountability, and trust matter more as AI adoption increases ▪ Clients continue to value expert judgment alongside a
Slide 14: AI That Elevates Expertise and Delivers Client Outcomes at Scale
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL AI That Elevates Expertise and Delivers Client Outcomes at Scale Sidekick — AI Embedded in the Tax Pro Workflow ▪ Rolled out nationwide to embed AI -assisted guidance directly into the expert workflow ▪ Grounded in H&R Block’s
Slide 15: Test, Learn, Scale with Discipline and Purpose
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Test, Learn, Scale with Discipline and Purpose Test – Intentional Learn – Applied Insights Focused on removing friction Every experiment and elevating outcomes generates insight that sharpens execution How we Operate Not every
Slide 16: Test, Learn, Scale with Discipline and Purpose
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Test, Learn, Scale with Discipline and Purpose AI Enhanced Automation in Preparation Testing advanced automation to eliminate manual data entry Enabling tax pros to focus on review, judgment, and advice This is how disciplined
Slide 17: Looking Ahead: Building with Discipline and Momentum
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL FROM RESULTS TO WHAT’S NEXT Looking Ahead: Building with Discipline and Momentum 17
Slide 18: Tiffany Mason
H &R B LO C K Q3 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 19: Q3 Results Reflect Strong, Above-Expectations Financial Performance
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q3 Results Reflect Strong, Above-Expectations Financial Performance 5% 6% 12% Revenue EBITDA 1 Adjusted Growth Growth EPS 1 Growth Note: All amounts are unaudited and represent results from continuing operations. 1 A ll share a
Slide 20: Q3 Revenue Growth Supported by Key Operating Drivers
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q3 Revenue Growth Supported by Key Operating Drivers $2.4B in Total Revenue ▪ Higher NAC and volume in U.S. Assisted ▪ International revenue growth +5.3% ▪ Increased Refund Transfer volume increase YoY Note: Note: AllAll amount
Slide 21: Underlying Business Health Continued to Improve in Q3
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Underlying Business Health Continued to Improve in Q3 Broad -Based Improvement Across the Grow Increase Serve More Business Complex Conversion Retention Clients 21
Slide 22: Q3 Performance Reflects Revenue Growth & Operating Leverage
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q3 Performance Reflects Revenue Growth & Operating Leverage In millions, except per share amounts Q3 FY26 Q3 FY25 Change Revenue $2,398.1 $2,277.1 5.3% Operating Expenses $1,361.3 $1,298.8 (4.8%) Net Income $848.8 $722.9 17.4%
Slide 23: Disciplined Capital Allocation Creates Meaningful Shareholder Value
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Disciplined Capital Allocation Creates Meaningful Shareholder Value Through Q3: $561M returned in the ~$700M remaining Approval to form of dividends and under $1.5B share repurchase additional share repurchases repurchase progr
Slide 24: Raised FY26 Outlook Reflects Strong Performance
H &R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Raised FY26 Outlook Reflects Strong Performance FY26 Outlook Revenue $3.910B – $3.920B Our updated outlook reflects the strength and EBITDA 1 $1.025B – $1.035B consistency of execution that we have reported Adjusted EPS 1 $5.10
Slide 25: Curtis Campbell
H &R B LO C K Q3 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 26: Q&A
H &RBLOCK H&R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Q&A 26
Slide 27: Thank you for joining
H &RBLOCK H&R B LO C K Q3 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 27
Slide 28: Appendix
H &RBLOCK H&R B LO C K Q3 F Y 26 F IN A N C IA L R ESULTS CO N F E R EN CE C A LL Appendix 28
Slide 29: H&R Block Operating Statistics
H&R BLOCK H&R Block Operating Statistics July 1, 2025 - July 1, 2024 - % Change OPERATING STATISTICS April 30, 2026 April 30, 2025 TAX RETURNS PREPARED (U.S. only, in 000s)(1): Company-owned operations 8,882 8,696 2.1% Franchise operations(2) 2,173 2,358 (7.8)% Total Assisted 11,055 11,054 —% Deskto
Slide 30: H&R Block Tax Offices
H&R BLOCK H&R Block Tax Offices TAX OFFICES (as of March 31): 2026 2025 U.S. offices: Company-owned offices 6,802 6,701 Franchise offices 1,814 2,013 Total U.S. offices 8,616 8,714 International offices: Canada 932 946 Australia 395 401 Total international offices 1,327 1,347 Tax offices worldwide 9
Slide 31: Non-GAAP Measure: EBITDA
H&R BLOCK 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 March 31, 2026 March 31, 2025 Net income - as reported $ 847,901 $ 722,330 Discontinu
Slide 32: Non-GAAP Measure: Adjusted Net Income and EPS
H&R BLOCK Non-GAAP Measure: Adjusted Net Income and 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) Three months ended Three months ended Adjusted Net Income March 31,