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H&R Block (HRB) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
H&R Block (HRB) reported revenue of $199M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -2% from the quarter before. Operating margin was -150.3%, net loss $242M (121.8% of revenue).
H&R Block, Q2 FY26: revenue $199M (+11% year over year), operating margin -150.3%, net loss $242M, operating cash flow −$614M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $199M | -2% | +11% |
| Operating profit | −$299M | — | — |
| Net earnings | −$242M | — | — |
| Operating cash flow | −$614M | — | — |
What changed
Revenue was $198.9M in Q2 FY26, up 11% year over year and down 2% from the previous quarter. Assisted tax preparation was the largest line at 28% of revenue. Assisted tax preparation added $7.5M year over year (up 16%), 38% of the total change. Emerald Card® and SpruceSM declined 10%.
Operating costs exceeded revenue by $298.9M, an operating margin of -150.3%. Total costs grew 5% against revenue growth of 11%. The quarter ended with a net loss of $242.2M, wider than the previous quarter's $165.8M loss.
Operating cash flow was −$614.0M. Non-cash charges added back $30.0M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $409.4M. Capital expenditures of $35.5M exceeded it, leaving free cash flow of −$649.5M.
Questions
What was H&R Block's revenue in the second quarter fiscal 2026?
H&R Block (HRB) reported revenue of $199M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -2% from the quarter before.
Was H&R Block profitable in the second quarter fiscal 2026?
Operating loss was $299M (-150.3% of revenue) and net loss $242M.
Source: H&R Block 10-Q on SEC EDGAR.