H&R Block Inc (HRB) delivered strong financial results for its fiscal fourth quarter, exceeding analyst expectations on both revenue and earnings. The company reported revenue of $1.063 billion, surpassing the estimated $1.028 billion, and earnings per share of $1.89, beating the anticipated $1.74. This strong performance was driven by growth across H&R Block’s various products and services, particularly in the assisted and online tax preparation categories. The company attributed this success to higher net average charges and increased volume in its assisted services, along with higher net average charges in online paid returns. In a statement, Jeff Jones, President and CEO of H&R Block, expressed satisfaction with the company’s progress, highlighting the value its services provide to clients and their positive impact on financial confidence. H&R Block is confident in its future prospects, evidenced by its recent moves to bolster shareholder value. The company’s board authorized a new share repurchase program of $1.5 billion, adding to the approximately $350 million spent on repurchasing eight million shares in fiscal 2024. Furthermore, the board increased the quarterly dividend by 17%, marking the seventh consecutive year of dividend growth. This new dividend of $0.375 per share will be paid on October 3rd to shareholders of record as of September 5th. Looking ahead, H&R Block is projecting full-year revenue of $3.69 billion to $3.75 billion for fiscal 2025, exceeding analysts’ estimates of $3.575 billion. The company also expects full-year adjusted earnings in the range of $5.15 to $5.35 per share, significantly surpassing the consensus estimate of $4.30 per share. This optimistic outlook for fiscal 2025 has propelled H&R Block’s stock price upward. In after-hours trading, HRB shares surged 9.24%, reaching $62.66 per share at the time of writing.
H&R Block Beats Q4 Estimates, Raises Dividend, and Forecasts Strong FY25 Revenue
