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H&R Block (HRB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 9, 2026
H&R Block (HRB) reported revenue of $224M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -80% from the quarter before. Operating margin was -103.4%, net loss $188M (84.0% of revenue).
H&R Block, Q1 FY27: revenue $224M (+10% year over year), operating margin -103.4%, net loss $188M, operating cash flow −$358M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $224M | -80% | +10% |
| Operating profit | −$232M | -162% | — |
| Net earnings | −$188M | -164% | — |
| Operating cash flow | −$358M | -242% | — |
What changed
Revenue was $224.3M in Q1 FY27, up 10% year over year and down 80% from the previous quarter. International was the largest line at 33% of revenue. International added $8.3M year over year (up 13%), 40% of the total change. Other revenue declined 8%.
Operating costs exceeded revenue by $231.9M, an operating margin of -103.4%. Total costs grew 11% against revenue growth of 10%. The fastest-growing cost line was Cost of revenue (+13%). The quarter ended with a net loss of $188.5M, after a profit of $293.7M the previous quarter.
Operating cash flow was −$358.5M. Non-cash charges added back $32.2M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $207.0M. Capital expenditures of $20.8M exceeded it, leaving free cash flow of −$379.2M.
Questions
What was H&R Block's revenue in the first quarter fiscal 2027?
H&R Block (HRB) reported revenue of $224M for the first quarter fiscal 2027 (Q1 FY27), +10% from a year earlier and -80% from the quarter before.
Was H&R Block profitable in the first quarter fiscal 2027?
Operating loss was $232M (-103.4% of revenue) and net loss $188M.
Source: H&R Block 10-Q on SEC EDGAR.