H&R Block (HRB) Tops Q4 EPS by 3c

June 15, 2021 4:17 PM EDT

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H&R Block (NYSE: HRB) reported Q4 EPS of $5.16, $0.03 better than the analyst estimate of $5.13. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.35 billion.

  • The Company achieved robust growth across total filing volumes, total market share, Assisted filings and market share, and Do-It-Yourself (DIY) revenue in the 2021 tax season. When including total tax season performance through the May 17, 2021 filing deadline, the Company substantially exceeded its original fiscal 2021 revenue and earnings outlook.
  • The Company repurchased 2.11 million shares in its fiscal fourth quarter, resulting in total share repurchases of 11.6 million shares and $188 million, or $16.29 per share, for fiscal 2021.
  • The Company announced its fiscal year-end will change to June 30, effective immediately.

“I am proud of the outstanding growth across our business," said Jeff Jones, H&R Block's president and chief executive officer. "Our team provided help and inspired financial confidence for millions of consumers and small business owners this year. We made tremendous progress in our first year of Block Horizons, blending technology and digital tools with human expertise in tax, improving our offerings in small business, driving significant growth in Wave, and making progress on our new mobile banking platform.”

For earnings history and earnings-related data on H&R Block (HRB) click here.

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