H&R Block, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting results for the first quarter of fiscal year 2027, with the filing submitted on November 9, 2026.

Key Highlights

  • Net loss of $188.5 million: The company reported a consolidated net loss of $188,478 thousand for the three months ended September 30, 2026, compared to a net loss of $165,819 thousand in the same period a year earlier.
  • Total revenues of $224.3 million: Total revenues rose to $224,336 thousand from $203,551 thousand in the prior-year quarter, according to the filing.
  • Basic and diluted loss per share of $1.53: Loss per share from continuing operations was $(1.53) for the quarter, versus $(1.26) in the prior-year period.
  • Dividends declared of $0.46 per share: The company declared dividends of $0.46 per share for the quarter, up from $0.42 per share a year earlier.
  • Cash and cash equivalents of $390.5 million: Cash and cash equivalents stood at $390,498 thousand as of September 30, 2026, down from $958,706 thousand as of June 30, 2026.
  • Total stockholders' deficiency of $242.3 million: Total stockholders' equity moved to a deficiency of $(242,334) thousand as of September 30, 2026, compared to positive equity of $117,488 thousand as of June 30, 2026.
  • Shares outstanding of 121,553,093: The number of common shares outstanding at the close of business on October 30, 2026 was 121,553,093, as reported on the cover page.

H&R Block Q1 FY2027 Financial Results: Revenue Growth, Wider Net Loss

According to the filing, H&R Block, Inc. (NYSE:HRB) reported total revenues of $224,336 thousand for the three months ended September 30, 2026, an increase from $203,551 thousand in the comparable prior-year quarter. Total U.S. services revenues grew to $138,675 thousand from $125,617 thousand, with gains across tax preparation, small business services, and tax protection and identity services. International services revenues also rose, reaching $74,813 thousand versus $66,494 thousand a year earlier.

Total operating expenses increased to $456,229 thousand from $410,582 thousand in the prior-year period. Costs of revenues rose to $310,274 thousand, driven in part by field compensation and benefits of $102,060 thousand and occupancy and equipment expenses of $132,267 thousand. The loss from continuing operations before income tax benefit was $(240,855) thousand, compared to $(216,331) thousand in the year-ago quarter. After an income tax benefit of $52,728 thousand, the net loss from continuing operations was $(188,127) thousand. Including a net loss from discontinued operations of $(351) thousand, the consolidated net loss was $(188,478) thousand.

On the balance sheet, total assets were $2,685,965 thousand as of September 30, 2026, down from $3,256,351 thousand as of June 30, 2026. Long-term debt was reported at $1,492,058 thousand. Net cash used in operating activities was $(358,456) thousand for the quarter. The company repurchased common stock totaling $117,286 thousand and paid dividends of $52,627 thousand during the period, according to the cash flow statement. Common stock shares issued were 151,635,929, with treasury shares of 29,205,315 as of September 30, 2026.

What Was Disclosed

H&R Block filed its Q1 FY2027 Form 10-Q covering the three months ended September 30, 2026, disclosing a net loss of $188,478 thousand, total revenues of $224,336 thousand, a loss per share of $(1.53), and a shift to total stockholders' deficiency of $(242,334) thousand.