SEC EDGAR · 10-Q
10-Q – 2025-11-06 – R12.htm
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- LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. Loans with a principal balance more than 90 days past due or on non-accrual status were $3.5 million and $3.1 million as of September 30, 2025 and June 30, 2025, respectively. | H&R BLOCK'S INSTANT REFUND ® – H&R Block's Instant Refund® amounts are generally received from the Canada Revenue Agency within 60 days of filing the client's return, with the remaining balance collectible from the client. | We review the credit quality of our Instant Refund receivables based on pools, which are segregated by the tax return year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. In December of each year, we charge-off the receivables and the related allowance to an amount we believe represents the net realizable value.
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XML 24 R12.htm IDEA: XBRL DOCUMENT v3.25.3 RECEIVABLES 9 Months Ended Mar. 31, 2026 Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract] RECEIVABLES NOTE 4: RECEIVABLES Receivables, net of their related allowance, consist of the following: (in 000s) As of September 30, 2025 June 30, 2025 Short-term Long-term Short-term Long-term Loans to franchisees $ 10,833 $ 16,526 $ 7,386 $ 16,402 Receivables for U.S. assisted and DIY tax preparation and related fees 12,594 6,392 15,896 6,361 H&R Block's Instant Refund® receivables 841 974 2,243 939 Emerald Advance® 13,100 24,169 13,899 22,816 Software receivables from retailers 338 — 2,582 — Royalties and other receivables from franchisees 6,366 — 4,414 — Wave payment processing receivables 1,936 — 1,533 — Other 18,137 588 15,668 498 Total $ 64,145 $ 48,649 $ 63,621 $ 47,016 Balances presented above as short-term are included in receivables, while the long-term portions are included in other noncurrent assets in the consolidated balance sheets. LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. Loans with a principal balance more than 90 days past due or on non-accrual status were $3.5 million and $3.1 million as of September 30, 2025 and June 30, 2025, respectively. H&R BLOCK'S INSTANT REFUND ® – H&R Block's Instant Refund® amounts are generally received from the Canada Revenue Agency within 60 days of filing the client's return, with the remaining balance collectible from the client. We review the credit quality of our Instant Refund receivables based on pools, which are segregated by the tax return year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. In December of each year, we charge-off the receivables and the related allowance to an amount we believe represents the net realizable value. Balances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by tax return year of origination, as of September 30, 2025 are as foll ows: (in 000s) Tax return year of origination Balance More Than 60 Days Past Due 2024 $ 2,237 $ 2,085 2023 and prior 657 657 2,894 $ 2,742 Allowance (1,079) Net balance $ 1,815 EMERALD ADVANCE ® – We review the credit quality of our purchased participation interests in Emerald Advance® (EA) receivables based on pools, which are segregated by the fiscal year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. Typically, in December of each year, we charge-off the receivables and the related allowance for EAs to an amount we believe represents the net realizable value. Balances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by fiscal year of origination, as of September 30, 2025 are as follows: (in 000s) Fiscal year of origination Balance Non-Accrual 2025 $ 34,444 $ 34,444 2024 and prior 22,488 22,488 56,932 $ 56,932 Allowance (19,663) Net balance $ 37,269 ALLOWANCE FOR CREDIT LOSSES – Activity in the allowance for credit losses for EA and all other short-term and long-term receivables for the three months ended September 30, 2025 and 2024 is as follows: (in 000s) EAs All Other Total Balances as of July 1, 2025 $ 19,663 $ 45,156 $ 64,819 Provision for credit losses — 975 975 Charge-offs, recoveries and other — (1,365) (1,365) Balances as of September 30, 2025 $ 19,663 $ 44,766 $ 64,429 Balances as of July 1, 2024 $ 33,536 $ 45,327 $ 78,863 Provision for credit losses — 1,024 1,024 Charge-offs, recoveries and other — (1,462) (1,462) Balances as of September 30, 2024 $ 33,536 $ 44,889 $ 78,425 X - References No definition available. + Details Name: us-gaap_AccountsAndNotesReceivableUnclassifiedAbstract Namespace Prefix: us-gaap_ Data Type: xbrli:stringItemType Balance Type: na Period Type: duration X - Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details Name: us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock Namespace Prefix: us-gaap_ Data Type: dtr-types:textBlockItemType Balance Type: na Period Type: duration