U.S. assisted tax preparation - Revenue growth was primarily driven by higher net average charge and increased company-owned volume in U.S. assisted tax preparation.
International and Wave growth - Growth in international revenue and increased Wave subscription revenue and payments volume contributed to overall revenue gains.
Fiscal 2026 results
U.S. tax preparation firm's fiscal 2026 revenue rose 5%, slightly beating analyst expectations.
Adjusted EPS from continuing operations rose 14% to $5.31.
Company raised quarterly dividend by 10% and returned $714 mln to shareholders.
Fiscal 2027 outlook
Company expects fiscal 2027 revenue between $4.11 bln and $4.16 bln.
Company sees fiscal 2027 adjusted EBITDA of $1.11 bln to $1.14 bln.
Company expects fiscal 2027 adjusted diluted EPS of $6.04 to $6.24.
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the personal services peer group is "buy."
Wall Street's median 12-month price target for H&R Block Inc is $47.00, about 2.3% above its August 10 closing price of $45.93.
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago.
HRB•
