Filing Flows › H&R Block (HRB) › Q3 FY26 › vs Q3 FY25
H&R Block (HRB) Q3 FY26 vs Q3 FY25 (year over year)
H&R Block's revenue rose $121M (+5%) from $2.3B in Q3 FY25 to $2.4B in Q3 FY26. The biggest changes: Service revenues +$113M (+5%); Refund Transfers +$6.2M (+5%); Tax Identity Shield® +$1.5M (+21%). Operating margin 43.2% against 43.0% (+0.3 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 43.2% | 43.0% | +0.3 pts |
| Net margin | 35.4% | 31.7% | +3.6 pts |
| Free cash flow margin | 64.2% | 57.2% | +7.0 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Assisted tax preparation | $1.7B | $1.6B | $106M | +6% |
| DIY tax preparation | $215M | $215M | $579K | +0.3% |
| Royalties | $128M | $134M | −$5.8M | -4% |
| International | $70.1M | $60.4M | $9.7M | +16% |
| Emerald Card® and SpruceSM | $39.6M | $40.2M | −$605K | -2% |
| Wave | $29.9M | $26.7M | $3.2M | +12% |
| Service revenues | $2.2B | $2.1B | $113M | +5% |
| Refund Transfers | $120M | $114M | $6.2M | +5% |
| Interest and fee income on Emerald Advance® | $15.2M | $14.3M | $912K | +6% |
| Other | $15.0M | $14.6M | $418K | +3% |
| Peace of Mind® Extended Service Plan | $14.3M | $15.6M | −$1.3M | -8% |
| Tax Identity Shield® | $8.5M | $7.0M | $1.5M | +21% |
| Revenue | $2.4B | $2.3B | $121M | +5% |
| Operating profit | $1.0B | $978M | $58.5M | +6% |
| Costs & expenses | $1.4B | $1.3B | $62.5M | +5% |
| Pre-tax earnings | $1.0B | $958M | $58.3M | +6% |
| Other expense, net | $20.4M | $20.1M | $234K | +1% |
| Cost of revenue | $1.0B | $969M | $62.6M | +6% |
| SG&A | $329M | $329M | −$67K | 0% |
| Net earnings | $848M | $722M | $126M | +17% |
| Income tax | $168M | $235M | −$67.6M | -29% |
| Depreciation & amortization | $31.5M | $29.2M | $2.3M | +8% |
| Share-based compensation | $8.4M | $7.5M | $903K | +12% |
| Working capital & other | $670M | $566M | $104M | +18% |
| Operating cash flow | $1.6B | $1.3B | $233M | +18% |
| Free cash flow (OCF − capex) | $1.5B | $1.3B | $237M | +18% |
| Capital expenditures | $18.4M | $22.7M | −$4.3M | -19% |
Questions
How much did H&R Block's revenue grow year over year in Q3 FY26?
H&R Block's revenue rose $121M (+5%) from $2.3B in Q3 FY25 to $2.4B in Q3 FY26.
What drove H&R Block's revenue change in Q3 FY26?
Service revenues +$113M (+5%); Refund Transfers +$6.2M (+5%); Tax Identity Shield® +$1.5M (+21%).