H&R Block, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 06, 2024 at 04:50 pm EST
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H&R Block, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 179.08 million compared to USD 166.41 million a year ago. Net loss was USD 189.76 million compared to USD 223.58 million a year ago. Basic loss per share from continuing operations was USD 1.33 compared to USD 1.43 a year ago. Diluted loss per share from continuing operations was USD 1.33 compared to USD 1.43 a year ago. Basic loss per share was USD 1.33 compared to USD 1.45 a year ago. Diluted loss per share was USD 1.33 compared to USD 1.45 a year ago.
For the six months, revenue was USD 362.88 million compared to USD 346.39 million a year ago. Net loss was USD 353.24 million compared to USD 392 million a year ago. Basic loss per share from continuing operations was USD 2.44 compared to USD 2.48 a year ago. Diluted loss per share from continuing operations was USD 2.44 compared to USD 2.48 a year ago. Basic loss per share was USD 2.45 compared to USD 2.5 a year ago. Diluted loss per share was USD 2.45 compared to USD 2.5 a year ago.
H&R Block, Inc. is engaged in providing tax preparation services, financial products, and small business solutions. The Company provides assisted and do-it-yourself (DIY) tax return preparation solutions through multiple channels, including in-person, online and mobile applications, virtual, and desktop software and distributes H&R Block-branded services and products. It also offers small business financial solutions through its Company-owned and franchise offices and online through Wave. The Company provides additional services, including Refund Transfers (RT), Peace of Mind Extended Service Plan (POM), H&R Block Emerald Prepaid Mastercard (Emerald Card), H&R Block Emerald Advance Lines of Credit (EA), Tax Identity Shield (TIS), Refund Advances (RA), and small business financial solutions. The RTs enable clients to receive their tax refunds by their chosen method of disbursement and include a feature enabling clients to deduct tax preparation and related fees from their tax refunds.