Filing Flows › H&R Block (HRB) › Q3 FY26 › vs Q2 FY26
H&R Block (HRB) Q3 FY26 vs Q2 FY26 (quarter over quarter)
H&R Block's revenue rose $2.2B (12×) from $199M in Q2 FY26 to $2.4B in Q3 FY26. The biggest changes: Service revenues +$2.1B (15×); Refund Transfers +$119M (188×); Tax Identity Shield® +$4.2M (+100%). Operating margin 43.2% against -150.3% (+193.5 pts).
H&R Block, Q3 FY26: revenue $2.4B (+5% year over year), operating margin 43.2%, net earnings $848M, operating cash flow $1.6B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 43.2% | -150.3% | +193.5 pts |
| Net margin | 35.4% | -121.8% | +157.1 pts |
| Free cash flow margin | 64.2% | -326.6% | +390.8 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Assisted tax preparation | $1.7B | $55.9M | $1.7B | 31× |
| DIY tax preparation | $215M | $16.8M | $198M | 13× |
| Royalties | $128M | $5.1M | $123M | 25× |
| International | $70.1M | $34.7M | $35.4M | +102% |
| Emerald Card® and SpruceSM | $39.6M | $9.1M | $30.5M | +334% |
| Wave | $29.9M | $29.8M | $86K | +0.3% |
| Service revenues | $2.2B | $151M | $2.1B | 15× |
| Refund Transfers | $120M | $638K | $119M | 188× |
| Interest and fee income on Emerald Advance® | $15.2M | $13.4M | $1.8M | +13% |
| Other | $15.0M | $12.8M | $2.2M | +17% |
| Peace of Mind® Extended Service Plan | $14.3M | $16.2M | −$1.9M | -12% |
| Tax Identity Shield® | $8.5M | $4.2M | $4.2M | +100% |
| Revenue | $2.4B | $199M | $2.2B | 12× |
| Operating profit | $1.0B | −$299M | $1.3B | — |
| Costs & expenses | $1.4B | $498M | $864M | +173% |
| Pre-tax earnings | $1.0B | −$319M | $1.3B | — |
| Other expense, net | $20.4M | $20.3M | $22K | +0.1% |
| Cost of revenue | $1.0B | $340M | $692M | +204% |
| SG&A | $329M | $158M | $172M | +109% |
| Net earnings | $848M | −$242M | $1.1B | — |
| Income tax | $168M | −$77.7M | $245M | — |
| Depreciation & amortization | $31.5M | $30.0M | $1.5M | +5% |
| Share-based compensation | $8.4M | $7.6M | $752K | +10% |
| Working capital & other | $670M | −$409M | $1.1B | — |
| Operating cash flow | $1.6B | −$614M | $2.2B | — |
| Free cash flow (OCF − capex) | $1.5B | −$649M | $2.2B | — |
| Capital expenditures | $18.4M | $35.5M | −$17.1M | -48% |
Questions
How much did H&R Block's revenue grow quarter over quarter in Q3 FY26?
H&R Block's revenue rose $2.2B (12×) from $199M in Q2 FY26 to $2.4B in Q3 FY26.
What drove H&R Block's revenue change in Q3 FY26?
Service revenues +$2.1B (15×); Refund Transfers +$119M (188×); Tax Identity Shield® +$4.2M (+100%).