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H&R Block (HRB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
H&R Block (HRB) reported revenue of $204M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -82% from the quarter before. Operating margin was -101.7%, net loss $166M (81.5% of revenue).
H&R Block, Q1 FY26: revenue $204M (+5% year over year), operating margin -101.7%, net loss $166M, operating cash flow −$357M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $204M | -82% | +5% |
| Operating profit | −$207M | -156% | — |
| Net earnings | −$166M | -155% | — |
| Operating cash flow | −$357M | -242% | — |
What changed
Revenue was $203.6M in Q1 FY26, up 5% year over year and down 82% from the previous quarter. International was the largest line at 32% of revenue. Assisted tax preparation added $5.7M year over year (up 13%), 58% of the total change. Emerald Card® and SpruceSM declined 11%.
Operating costs exceeded revenue by $207.0M, an operating margin of -101.7%. Total costs fell 3% while revenue rose 5%. The quarter ended with a net loss of $165.8M, after a profit of $299.4M the previous quarter.
Operating cash flow was −$356.8M. Non-cash charges added back $28.9M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $226.1M. Capital expenditures of $13.2M exceeded it, leaving free cash flow of −$370.0M.
Questions
What was H&R Block's revenue in the first quarter fiscal 2026?
H&R Block (HRB) reported revenue of $204M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -82% from the quarter before.
Was H&R Block profitable in the first quarter fiscal 2026?
Operating loss was $207M (-101.7% of revenue) and net loss $166M.
Source: H&R Block 10-Q on SEC EDGAR.