H&R Block Q1 loss widens to $1.05 EPS; revenue down 7%; reaffirms FY2023 outlook

H&R BLOCK INC

Total revenue $180.0M, down 7% YoY, due to $16.6M impact from Advanced Child Tax Credit loaded onto Emerald Cards last year.
Pretax loss of $221.3M; GAAP loss per share $(1.05) from continuing ops vs $(0.84) prior year; adjusted loss $(0.99).
Repurchased $219.8M in shares, retiring 3% of shares outstanding during the quarter.
Reaffirms full-year FY2023 outlook for topline growth, EBITDA outpacing revenue, and faster EPS growth.
Extension conversions increased 5% over prior year; Block Advisors launched a self-serve business formation product.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

H&R BLOCK INC reported the fiscal quarter ended September 30, 2022 results: revenue $180.0 million, EPS $(1.05). Guidance reaffirmed.

Period: the fiscal quarter ended September 30, 2022
Revenue: $180.0 million
EPS: $(1.05)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

outstanding in the quarter, and are reaffirming our outlook that includes topline growth, EBITDA that outpaces revenue, and EPS that grows even faster." • Total revenue of $180.0 million decreased by $12.6 million, or 7%, to the prior year. The decrease was due to the Advanced Child Tax Credit being loaded onto Emerald Cards last year, causing a $16.6 million

View on SEC.gov

Browse all earnings releases →

H&R BLOCK INC filing history →

Source: SEC EDGAR

accession 0001838862-22-000038

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.