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H&R Block (HRB) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 6, 2025
H&R Block (HRB) reported revenue of $179M for the second quarter fiscal 2025 (Q2 FY25), 0% from a year earlier and -8% from the quarter before. Operating margin was -163.8%, net loss $243M (135.9% of revenue).
H&R Block, Q2 FY25: revenue $179M (0% year over year), operating margin -163.8%, net loss $243M, operating cash flow −$567M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $179M | -8% | 0% |
| Operating profit | −$293M | — | — |
| Net earnings | −$243M | — | — |
| Operating cash flow | −$567M | — | — |
What changed
Revenue was $179.1M in Q2 FY25, roughly flat year over year and down 8% from the previous quarter. Assisted tax preparation was the largest line at 27% of revenue. Interest and fee income on Emerald Advance® lost $2.9M year over year (down 19%), 22515% of the total change.
Operating costs exceeded revenue by $293.3M, an operating margin of -163.8%. Total costs grew 6% against flat revenue. The quarter ended with a net loss of $243.4M, wider than the previous quarter's $172.6M loss.
Operating cash flow was −$567.1M. Non-cash charges added back $29.2M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items used $362.1M. Capital expenditures of $30.4M exceeded it, leaving free cash flow of −$597.4M.
Questions
What was H&R Block's revenue in the second quarter fiscal 2025?
H&R Block (HRB) reported revenue of $179M for the second quarter fiscal 2025 (Q2 FY25), 0% from a year earlier and -8% from the quarter before.
Was H&R Block profitable in the second quarter fiscal 2025?
Operating loss was $293M (-163.8% of revenue) and net loss $243M.
Source: H&R Block 10-Q on SEC EDGAR.