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H&R Block (HRB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
H&R Block (HRB) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and up 12-fold from the quarter before. Operating margin was 43.2%, net earnings $848M (35.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | 12× | +5% |
| Operating profit | $1.0B | — | +6% |
| Net earnings | $848M | — | +17% |
| Operating cash flow | $1.6B | — | +18% |
| Free cash flow | $1.5B | — | +18% |
What changed
Revenue was $2.4B in Q3 FY26, up 5% year over year and up 1106% from the previous quarter. Assisted tax preparation was the largest line at 73% of revenue. Assisted tax preparation added $0.11B year over year (up 6%), 88% of the total change. Peace of Mind® Extended Service Plan declined 8%.
Operating profit was $1.0B, a 43.2% margin (up 0.3 points year over year). Of the extra revenue versus Q3 FY25, 48% reached operating profit, above the 43% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $0.85B, up 17% year over year. The effective tax rate was 16.5%.
Operating cash flow was $1.6B (up 18% year over year), 184% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.67B. Capital expenditures of $0.02B left free cash flow of $1.5B.
Questions
What was H&R Block's revenue in the third quarter fiscal 2026?
H&R Block (HRB) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and up 12-fold from the quarter before.
Was H&R Block profitable in the third quarter fiscal 2026?
Operating profit was $1.0B (43.2% of revenue) and net earnings $848M.
Source: H&R Block 10-Q on SEC EDGAR.