10-Q – 2026-02-05 – 0000012659-26-000008-xbrl.zip

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Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q

(Mark One)
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2025

OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission file number 1-06089

H&R Block, Inc.
(Exact name of registrant as specified in its charter)

Missouri 44-0607856
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

One H&R Block Way , Kansas City , Missouri 64105
(Address of principal executive offices, including zip code)
( 816 ) 854-3000
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, without par value HRB New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes ☑     No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☑     No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one)
Large accelerated filer ☑            Accelerated filer ☐         Non-accelerated filer ☐           Smaller reporting company  ☐ Emerging growth company ☐
    
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐      No   ☑
The number of shares outstanding of the registrant's Common Stock, without par value, at the close of business on January 30, 2026: 126,759,738 shares.

Table of Contents

Form 10-Q for the Period ended December 31, 2025
Table of Contents

PART I

Item 1.
Consolidated Statements of Operations and Comprehensive Loss
     Three and six months ended December 31, 2025 and 2024
1

Consolidated Balance Sheets
          As of December 31, 2025 and June 30, 2025
2

Consolidated Statements of Cash Flows
     Six months ended December 31, 2025 and 2024
3

Consolidated Statements of Stockholders' Equity
     Three and six months ended December 31, 2025 and 2024
4

Notes to Consolidated Financial Statements
6

Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
17

Item 3.
Quantitative and Qualitative Disclosures About Market Risk
26

Item 4.
Controls and Procedures
26

PART II

Item 1.
Legal Proceedings
26

Item 1A.
Risk Factors
26

Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
27

Item 3.
Defaults Upon Senior Securities
27

Item 4.
Mine Safety Disclosures
27

Item 5.
Other Information
27

Item 6.
Exhibits
27

Signatures
28

Table of Contents

PART I    FINANCIAL INFORMATION

ITEM 1.    FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS: (unaudited, in 000s, except per share amounts)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
REVENUES:
Service revenues $ 167,779   $ 152,968   $ 359,890   $ 334,739  
Royalty, product and other revenues 31,086   26,102   42,526   38,141  
198,865   179,070   402,416   372,880  
OPERATING EXPENSES:
Costs of revenues 339,919   314,209   613,936   583,790  
Selling, general and administrative 157,825   158,152   294,390   310,712  
Total operating expenses 497,744   472,361   908,326   894,502  

Other income (expense), net 3,034   2,744   11,136   14,661  
Interest expense on borrowings ( 23,378 ) ( 21,752 ) ( 40,780 ) ( 37,599 )
Loss from continuing operations before income tax benefit ( 319,223 ) ( 312,299 ) ( 535,554 ) ( 544,560 )
Income tax benefit ( 77,657 ) ( 69,833 ) ( 128,620 ) ( 130,673 )
Net loss from continuing operations ( 241,566 ) ( 242,466 ) ( 406,934 ) ( 413,887 )
Net loss from discontinued operations, net of tax benefits of $ 178 , $ 286 , $ 313 , and $ 631
( 600 ) ( 954 ) ( 1,051 ) ( 2,109 )
NET LOSS $ ( 242,166 ) $ ( 243,420 ) $ ( 407,985 ) $ ( 415,996 )
BASIC AND DILUTED LOSS PER SHARE:
Continuing operations $ ( 1.91 ) $ ( 1.79 ) $ ( 3.16 ) $ ( 3.02 )
Discontinued operations ( 0.01 ) ( 0.01 ) ( 0.01 ) ( 0.01 )
Consolidated $ ( 1.92 ) $ ( 1.80 ) $ ( 3.17 ) $ ( 3.03 )

DIVIDENDS DECLARED PER SHARE $ 0.42   $ 0.375   $ 0.84   $ 0.75  
COMPREHENSIVE LOSS:
Net loss $ ( 242,166 ) $ ( 243,420 ) $ ( 407,985 ) $ ( 415,996 )

Change in foreign currency translation adjustments 5,725   ( 29,034 ) ( 3,583 ) ( 22,917 )
Other comprehensive income (loss) 5,725   ( 29,034 ) ( 3,583 ) ( 22,917 )
Comprehensive loss $ ( 236,441 ) $ ( 272,454 ) $ ( 411,568 ) $ ( 438,913 )

See accompanying notes to consolidated financial statements.

H&R Block, Inc. |Q2 FY2026 Form 10-Q
1

Table of Contents

CONSOLIDATED BALANCE SHEETS (unaudited, in 000s, except 
share and per share amounts)
As of December 31, 2025 June 30, 2025
ASSETS
Cash and cash equivalents $ 349,194   $ 983,277  
Cash and cash equivalents - restricted 19,662   19,862  
Receivables, less allowance for credit losses of $ 21,173 and $ 55,775
352,480   63,621  

Prepaid expenses and other current assets 120,442   95,788  
Total current assets 841,778   1,162,548  
Property and equipment, at cost, less accumulated depreciation and amortization of $ 864,506 and $ 828,744
149,554   135,068  
Operating lease right of use assets 488,082   521,215  
Intangible assets, net 271,054   259,412  
Goodwill 815,618   802,053  
Deferred tax assets and income taxes receivable 300,074   317,691  
Other noncurrent assets 63,850   65,911  
Total assets $ 2,930,010   $ 3,263,898  
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Accounts payable and accrued expenses $ 145,801   $ 144,046  
Accrued salaries, wages and payroll taxes 74,262   107,375  
Accrued income taxes and reserves for uncertain tax positions 44,897   296,244  
Current portion of long-term debt —   349,893  
Operating lease liabilities 200,653   209,203  
Deferred revenue and other current liabilities 189,216   191,849  
Total current liabilities 654,829   1,298,610  
Long-term debt and line of credit borrowings 2,435,379   1,143,305  
Deferred tax liabilities and reserves for uncertain tax positions 298,986   306,134  
Operating lease liabilities 299,003   322,847  
Deferred revenue and other noncurrent liabilities 64,891   104,106  
Total liabilities 3,753,088   3,175,002  
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, no par, stated value $ 0.01 per share, 800,000,000 shares authorized, shares issued of 156,506,438 and 164,367,434
1,565   1,644  
Additional paid-in capital 768,531   766,998  
Accumulated other comprehensive loss ( 51,338 ) ( 47,755 )
Retained earnings (deficit) ( 904,840 ) 12,061  
Less treasury shares, at cost, of 29,747,783 and 30,420,033
( 636,996 ) ( 644,052 )
Total stockholders' equity (deficiency) ( 823,078 ) 88,896  
Total liabilities and stockholders' equity $ 2,930,010   $ 3,263,898  

See accompanying notes to consolidated financial statements.

2
Q2 FY2026 Form 10-Q| H&R Block, Inc.

Table of Contents

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited, in 000s)
Six months ended December 31, 2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ ( 407,985 ) $ ( 415,996 )
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 58,923   58,026  
Provision for credit losses 21,144   20,727  
Deferred taxes 18,723   ( 1,531 )
Stock-based compensation 13,799   17,945  

Changes in assets and liabilities, net of acquisitions:

Receivables ( 300,004 ) ( 262,348 )
Prepaid expenses, other current and noncurrent assets ( 2,290 ) 2,588  

Accounts payable, accrued expenses, salaries, wages and payroll taxes ( 44,968 ) ( 76,806 )

Deferred revenue, other current and noncurrent liabilities ( 49,863 ) ( 45,170 )

Income tax receivables, accrued income taxes and income tax reserves ( 276,943 ) ( 192,340 )
Other, net ( 1,324 ) ( 733 )
Net cash used in operating activities ( 970,788 ) ( 895,638 )
CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures ( 48,735 ) ( 49,115 )
Payments made for business acquisitions, net of cash acquired ( 35,366 ) ( 28,017 )

Franchise loans funded ( 15,051 ) ( 17,442 )
Payments from franchisees 6,016   971  

Other, net 1,211   6,110  
Net cash used in investing activities ( 91,925 ) ( 87,493 )
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of line of credit borrowings ( 30,000 ) ( 100,000 )
Proceeds from line of credit borrowings 975,000   890,000  
Repayments of long-term debt ( 350,000 ) —  
Proceeds from issuance of long-term debt 346,980   —  

Dividends paid ( 104,551 ) ( 96,960 )
Repurchase of common stock, including shares surrendered ( 412,645 ) ( 436,233 )

Other, net 4,752   1,791  
Net cash provided by financing activities 429,536   258,598  
Effects of exchange rate changes on cash ( 1,106 ) ( 9,136 )
Net decrease in cash and cash equivalents, including restricted balances ( 634,283 ) ( 733,669 )
Cash, cash equivalents and restricted cash, beginning of period 1,003,139   1,075,193  
Cash, cash equivalents and restricted cash, end of period $ 368,856   $ 341,524  
SUPPLEMENTARY CASH FLOW DATA:
Income taxes paid, net (includes payments for purchased investment tax credits) $ 129,250   $ 62,290  
Interest paid on borrowings 35,135   33,412  

Accrued additions to property and equipment 3,117   3,798  
New operating right of use assets and related lease liabilities 85,455   47,135  
Accrued dividends payable to common shareholders 53,215   50,176  

See accompanying notes to consolidated financial statements.

H&R Block, Inc. | Q2 FY2026 Form 10-Q
3

Table of Contents

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (amounts in 000s, except per share amounts)
Common Stock Additional
Paid-in
Capital Accumulated Other
Comprehensive
Loss (1)
Retained
Earnings
(Deficit) Treasury Stock Total
Stockholders’
Equity
Shares Amount Shares Amount
Balances as of July 1, 2025 164,367   $ 1,644   $ 766,998   $ ( 47,755 ) $ 12,061   ( 30,420 ) $ ( 644,052 ) $ 88,896  
Net loss —   —   —   —   ( 165,819 ) —   —   ( 165,819 )
Other comprehensive loss —   —   —   ( 9,308 ) —   —   —   ( 9,308 )
Stock-based compensation —   —   6,172   —   —   —   —   6,172  
Stock-based awards exercised or vested —   —   ( 10,551 ) —   ( 1,797 ) 579   12,255   ( 93 )
Acquisition of treasury shares (2)
—   —   —   —   —   ( 244 ) ( 12,297 ) ( 12,297 )
Repurchase and retirement of common shares ( 7,861 ) ( 79 ) ( 4,638 ) —   ( 399,401 ) —   —   ( 404,118 )

Cash dividends declared - $ 0.42 per share
—   —   —   —   ( 54,343 ) —   —   ( 54,343 )
Balances as of September 30, 2025 156,506   $ 1,565   $ 757,981   $ ( 57,063 ) $ ( 609,299 ) ( 30,085 ) $ ( 644,094 ) $ ( 550,910 )
Net loss —   —   —   —   ( 242,166 ) —   —   ( 242,166 )
Other comprehensive income —   —   —   5,725   —   —   —   5,725  
Stock-based compensation —   —   7,625   —   —   —   —   7,625  
Stock-based awards exercised or vested —   —   2,925   —   ( 160 ) 342   7,328   10,093  
Acquisition of treasury shares (2)
—   —   —   —   —   ( 5 ) ( 230 ) ( 230 )

Cash dividends declared - $ 0.42 per share
—   —   —   —   ( 53,215 ) —   —   ( 53,215 )
Balances as of December 31, 2025 156,506   $ 1,565   $ 768,531   $ ( 51,338 ) $ ( 904,840 ) ( 29,748 ) $ ( 636,996 ) $ ( 823,078 )

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(amounts in 000s, except per share amounts)
Common Stock Additional
Paid-in
Capital Accumulated Other
Comprehensive
Loss (1)
Retained
Earnings
(Deficit) Treasury Stock Total
Stockholders’
Equity
Shares Amount Shares Amount
Balances as of July 1, 2024 170,916   $ 1,709   $ 762,583   $ ( 48,845 ) $ 12,654   ( 31,325 ) $ ( 637,507 ) $ 90,594  
Net loss —  —  —  —  ( 172,576 ) —  —  ( 172,576 )
Other comprehensive income —  —  —  6,117   —  —  —  6,117  
Stock-based compensation —  —  7,463   —  —  —  —  7,463  
Stock-based awards exercised or vested —  —  ( 23,990 ) —  ( 2,611 ) 1,319   26,848   247  
Acquisition of treasury shares (2)
—  —  —  —  —  ( 567 ) ( 35,882 ) ( 35,882 )
Repurchase and retirement of common shares ( 3,301 ) ( 33 ) ( 1,980 ) —  ( 209,708 ) —  —  ( 211,721 )

Cash dividends declared - $ 0.375 per share
—  —  —  —  ( 52,307 ) —  —  ( 52,307 )
Balances as of September 30, 2024 167,615   $ 1,676   $ 744,076   $ ( 42,728 ) $ ( 424,548 ) ( 30,573 ) $ ( 646,541 ) $ ( 368,065 )
Net loss —  —  —  —  ( 243,420 ) —  —  ( 243,420 )
Other comprehensive loss —  —  —  ( 29,034 ) —  —  —  ( 29,034 )
Stock-based compensation —  —  9,156   —  —  —  —  9,156  
Stock-based awards exercised or vested —  —  810   —  ( 245 ) 54   1,144   1,709  
Acquisition of treasury shares (2)
—  —  —  —  —  ( 4 ) ( 253 ) ( 253 )
Repurchase and retirement of common shares ( 3,248 ) ( 32 ) ( 1,949 ) —  ( 190,396 ) —  —  ( 192,377 )

Cash dividends declared - $ 0.375 per share
—  —  —  —  ( 50,176 ) —  —  ( 50,176 )
Balances as of December 31, 2024 164,367   $ 1,644   $ 752,093   $ ( 71,762 ) $ ( 908,785 ) ( 30,523 ) $ ( 645,650 ) $ ( 872,460 )

(1) The balance of our accumulated other comprehensive loss consists of foreign currency translation adjustments.
(2) Represents shares swapped or surrendered to us in connection with the vesting or exercise of stock-based awards.
See accompanying notes to consolidated financial statements.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS              (unaudited)

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION – The consolidated balance sheets as of December 31, 2025 and June 30, 2025, the consolidated statements of operations and comprehensive loss for the three and six months ended December 31, 2025 and 2024, the consolidated statements of cash flows for the six months ended December 31, 2025 and 2024, and the consolidated statements of stockholders' equity for the three and six months ended December 31, 2025 and 2024 have been prepared by the Company, without audit. In the opinion of management, all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position, results of operations, and cash flows as of December 31, 2025 and 2024 and for all periods presented, have been made.
"H&R Block," "the Company," "we," "our," and "us" are used interchangeably to refer to H&R Block, Inc., to H&R Block, Inc. and its subsidiaries, or to H&R Block, Inc.'s operating subsidiaries, as appropriate to the context.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our June 30, 2025 Annual Report on Form 10-K. All amounts presented herein as of June 30, 2025 or for the year then ended are derived from our Annual Report on Form 10-K.
MANAGEMENT ESTIMATES – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, assumptions and judgments are applied in the evaluation of contingent losses associated with pending claims and litigation, reserves for uncertain tax positions, and fair value of reporting units. Estimates have been prepared based on the best information available as of each balance sheet date. As such, actual results could differ materially from those estimates.
SEASONALITY OF BUSINESS – Our operating revenues are seasonal in nature with peak revenues typically occurring in the months of February through April. Therefore, results for interim periods are not indicative of results to be expected for the full year.
DISCONTINUED OPERATIONS  –  Our discontinued operations include the results of operations of Sand Canyon Corporation, previously known as Option One Mortgage Corporation, which exited its mortgage business in fiscal year 2008.

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NOTE 2: REVENUE RECOGNITION
The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:

(in 000s)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
Revenues:
U.S. assisted tax preparation $ 55,919   $ 48,380   $ 104,563   $ 91,343  
U.S. royalties 5,108   3,499   10,957   9,351  
U.S. DIY tax preparation 16,807   13,744   20,552   16,980  
Refund Transfers 638   637   1,481   1,497  
Peace of Mind® Extended Service Plan 16,231   16,145   39,740   39,242  
Tax Identity Shield® 4,244   4,013   8,366   7,922  
Emerald Card® and Spruce SM
9,124   10,148   16,976   18,974  
Interest and fee income on Emerald Advance® 13,446   12,308   13,446   12,308  
International 34,718   31,811   100,379   96,666  
Wave 29,785   26,561   59,635   52,964  
Other 12,845   11,824   26,321   25,633  
Total revenues $ 198,865   $ 179,070   $ 402,416   $ 372,880  

Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:

(in 000s)
POM Deferred Revenue Deferred Wages
Six months ended December 31, 2025 2024 2025 2024
Balance, beginning of the period $ 149,302   $ 156,610   $ 19,884   $ 20,212  
Amounts deferred 3,704   3,209   8   15  
Amounts recognized on previous deferrals ( 45,310 ) ( 46,962 ) ( 5,789 ) ( 6,092 )
Balance, end of the period $ 107,696   $ 112,857   $ 14,103   $ 14,135  

As of December 31, 2025, deferred revenue related to POM was $ 107.7 million. W e expect that $ 80.2 million will be recognized over the next twelve months , while the remaining balance will be recognized over the following five years .
As of December 31, 2025 and 2024, Tax Identity Shield® (TIS) deferred revenue was $ 14.9 million and $ 14.1 million, respectively. Deferred revenue related to TIS was $ 22.6 million and $ 21.4 million as of June 30, 2025 and 2024, respectively. All deferred revenue related to TIS will be recognized by April 2026 .

NOTE 3: EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY
EARNINGS PER SHARE – Basic and diluted earnings (loss) per share is computed using the two-class method. The two-class method is an earnings allocation formula that determines net income per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed by dividing net income (loss) from continuing operations attributable to common shareholders by the weighted average shares outstanding during each period. Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain restrictions or the exercise of options to purchase 2.4 million shares for the three and six months ended December 31, 2025 and 2.7 million

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shares for the three and six months ended December 31, 2024, as the effect would be antidilutive due to the net loss from continuing operations during the periods.
The computations of basic and diluted earnings (loss) per share from continuing operations are as follows:

(in 000s, except per share amounts)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
Net loss from continuing operations attributable to shareholders $ ( 241,566 ) $ ( 242,466 ) $ ( 406,934 ) $ ( 413,887 )
Amounts allocated to participating securities ( 278 ) ( 240 ) ( 540 ) ( 469 )
Net loss from continuing operations attributable to common shareholders $ ( 241,844 ) $ ( 242,706 ) $ ( 407,474 ) $ ( 414,356 )

Basic weighted average common shares 126,566   135,563   128,976   137,359  
Potential dilutive shares —   —   —   —  
Dilutive weighted average common shares 126,566   135,563   128,976   137,359  

Loss per share from continuing operations attributable to common shareholders:
Basic $ ( 1.91 ) $ ( 1.79 ) $ ( 3.16 ) $ ( 3.02 )
Diluted ( 1.91 ) ( 1.79 ) ( 3.16 ) ( 3.02 )

The decrease in the weighted average shares outstanding is due to share repurchases completed in the current and prior fiscal years.
STOCK-BASED COMPENSATION – We granted 0.9 million and 1.1 million shares, including adjustments for performance achievement and dividend equivalents, under our stock-based compensation plans during the six months ended December 31, 2025 and 2024, respectively. Stock-based compensation expense of our continuing operations totaled $ 7.6 million and $13.8 million for the three and six months ended December 31, 2025, respectively, and $ 9.2 million and $17.9 million for the three and six months ended December 31, 2024, respectively. As of December 31, 2025, unrecognized compensation cost for nonvested shares and units totaled $ 62.9 million.

NOTE 4: RECEIVABLES
Receivables, net of their related allowance, consist of the following:

(in 000s)
As of December 31, 2025 June 30, 2025
Short-term Long-term Short-term Long-term
Loans to franchisees $ 19,476   $ 14,773   $ 7,386   $ 16,402  
Receivables for U.S. assisted and DIY tax preparation and related fees 11,157   6,696   15,896   6,361  
H&R Block's Instant Refund® receivables
442   1,097   2,243   939  
Emerald Advance® 287,316   24,081   13,899   22,816  
Software receivables from retailers 2,409   —   2,582   —  
Royalties and other receivables from franchisees 6,658   —   4,414   —  
Wave payment processing receivables 7,513   —   1,533   —  
Other 17,509   633   15,668   498  
Total $ 352,480   $ 47,280   $ 63,621   $ 47,016  

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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 $3.0 million and $3.1 million as of December 31, 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.
B alances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by tax return year of origination, as of December 31, 2025 are as foll ows:

(in 000s)

Tax return year of origination Balance More Than 60 Days Past Due
2024 $ 978   $ 918  
2023 and prior 561   561  

1,539   $ 1,479  
Allowance —  
Net balance $ 1,539  

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 December 31, 2025 are as follows:

(in 000s)
Fiscal year of origination Balance Non-Accrual
2026 $ 294,761   $ —  
2025 and prior 36,529   36,529  

331,290   $ 36,529  
Allowance ( 19,893 )
Net balance $ 311,397  

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ALLOWANCE FOR CREDIT LOSSES – Activity in the allowance for credit losses for EA and all other short-term and long-term receivables for the six months ended December 31, 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 19,893   1,251   21,144  
Charge-offs, recoveries and other ( 19,663 ) ( 44,627 ) ( 64,290 )
Balances as of December 31, 2025 $ 19,893   $ 1,780   $ 21,673  
Balances as of July 1, 2024 $ 33,536   $ 45,327   $ 78,863  
Provision for credit losses 19,109   1,618   20,727  
Charge-offs, recoveries and other ( 33,536 ) ( 45,552 ) ( 79,088 )
Balances as of December 31, 2024 $ 19,109   $ 1,393   $ 20,502  

For the six months ended December 31, 2025, there were $19.7 million of gross charge-offs related to EAs which were originated in fiscal year 2025.

NOTE 5: GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the six months ended December 31, 2025 are as follows:

(in 000s)
Goodwill Accumulated Impairment Losses Net
Balances as of July 1, 2025 $ 940,350   $ ( 138,297 ) $ 802,053  

Acquisitions (1)
15,720   —   15,720  
Disposals and foreign currency changes, net ( 2,155 ) —   ( 2,155 )
Impairments —   —   —  
Balances as of December 31, 2025 $ 953,915   $ ( 138,297 ) $ 815,618  

(1)     All goodwill added during the period is expected to be tax-deductible for federal income tax reporting.
We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value.

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Components of intangible assets are as follows:

(in 000s)
Gross Carrying Amount Accumulated
Amortization Net
As of December 31, 2025:
Reacquired franchise rights $ 429,290   $ ( 250,627 ) $ 178,663  
Customer relationships 372,444   ( 298,667 ) 73,777  
Internally-developed software 121,282   ( 117,768 ) 3,514  
Noncompete agreements 23,774   ( 20,660 ) 3,114  
Purchased technology 68,100   ( 58,144 ) 9,956  
Trade name 5,800   ( 3,770 ) 2,030  

$ 1,020,690   $ ( 749,636 ) $ 271,054  
As of June 30, 2025:
Reacquired franchise rights $ 415,700   $ ( 243,330 ) $ 172,370  
Customer relationships 354,107   ( 287,067 ) 67,040  
Internally-developed software 119,959   ( 117,604 ) 2,355  
Noncompete agreements 23,070   ( 20,188 ) 2,882  

Purchased technology 68,100   ( 55,655 ) 12,445  
Trade name 5,800   ( 3,480 ) 2,320  
$ 986,736   $ ( 727,324 ) $ 259,412  

We made payments to acquire businesses totaling $ 35.4 million and $ 28.0 million during the six months ended December 31, 2025 and 2024, respectively. The amounts and weighted-average lives of intangible assets acquired during the six months e nded December 31, 2025, including amounts capitalized related to internally-developed software, a re as follows:

(dollars in 000s)
Amount Weighted-Average Life (in years)
Customer relationships $ 18,426   5
Reacquired franchise rights 13,669   6
Internally-developed software 1,348   3
Noncompete agreements 712   5
Total $ 34,155   5

Amortization of intangible assets for the three and six months ended December 31, 2025 was $ 11.3 million and $22.4 million respectively, compared to $ 12.1 million and $25.0 million for the three and six months ended December 31, 2024. Estimated amortization of intangible assets for fiscal years ending June 30, 2026, 2027, 2028, 2029, and 2030 is $ 47.3 million, $ 45.0 million, $ 36.6 million, $ 27.7 million and $ 17.8 million, respectively.

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NOTE 6: LONG-TERM DEBT
The components of long-term debt are as follows:

(in 000s)
As of December 31, 2025 June 30, 2025
Senior Notes, 5.250 %, due October 2025
$ —   $ 350,000  
Senior Notes, 2.500 %, due July 2028
500,000   500,000  
Senior Notes, 3.875 %, due August 2030
650,000   650,000  
Senior Notes, 5.375%, due September 2032
350,000   — 
Committed line of credit borrowings 945,000   —  
Debt issuance costs and discounts ( 9,621 ) ( 6,802 )
Total long-term debt 2,435,379   1,493,198  
Less: Current portion —   ( 349,893 )
Long-term portion $ 2,435,379   $ 1,143,305  
Estimated fair value of long-term debt $ 2,401,000   $ 1,437,000  

On August 26, 2025, we issued $ 350.0 million of 5.375% Senior Notes due September 15, 2032 (2032 Senior Notes). The 2032 Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The net proceeds from the 2032 Senior Notes were used for general corporate purposes, which includes, among other uses, the redemption of the $ 350.0 million in principal outstanding of our 5.250% notes due October 2025 (2025 Senior Notes). We redeemed our 2025 Senior Notes at 100% of the principal amount, plus accrued and unpaid interest, on September 19, 2025.
UNSECURED COMMITTED LINE OF CREDIT – On July 11, 2025, we entered into a Fifth Amended and Restated Credit and Guarantee Agreement (2025 CLOC), which amended and restated our Fourth Amended and Restated Credit and Guarantee Agreement, extended the scheduled maturity date to July 11, 2030, maintained the aggregate principal amount of $1.5 billion, and revised the interest rate table. All other material terms remain substantially unchanged from our previous CLOC.
The 2025 CLOC provides for an unsecured senior revolving credit facility in the aggregate principal amount of $ 1.5 billion, which includes a $ 175.0 million sublimit for swingline loans and a $ 50.0 million sublimit for standby letters of credit. We may request increases in the aggregate principal amount of the revolving credit facility of up to $ 500.0 million, subject to obtaining commitments from lenders and meeting certain other conditions. The 2025 CLOC will mature on July 11, 2030, unless extended pursuant to the terms of the 2025 CLOC, at which time all outstanding amounts thereunder will be due and payable. Our 2025 CLOC includes an annual facility fee, which will vary depending on our then current credit ratings.
The 2025 CLOC is subject to various conditions, triggers, events or occurrences that could result in earlier termination and contains customary representations, warranties, covenants and events of default, including, without limitation: (1) a covenant requiring the Company to maintain a debt-to-EBITDA ratio, as defined by the 2025 CLOC agreement, calculated on a consolidated basis of no greater than (a) 3.50 to 1.00 as of the last day of each fiscal quarter ending on March 31, June 30, and September 30 of each year and (b) 4.50 to 1.00 as of the last day of each fiscal quarter ending on December 31 of each year; (2) a covenant requiring us to maintain an interest coverage ratio (EBITDA-to-interest expense) calculated on a consolidated basis of not less than 2.50 to 1.00 as of the last date of any fiscal quarter; and (3) covenants restricting our ability to incur certain additional debt, incur liens, merge or consolidate with other companies, sell or dispose of assets (including equity interests), liquidate or dissolve, engage in certain transactions with affiliates or enter into certain restrictive agreements. The 2025 CLOC includes provisions for an equity cure which could potentially allow us to independently cure certain defaults. Proceeds under the 2025 CLOC may be used for working capital needs or for other general corporate pu rposes. We were in compliance with these requirements as of December 31, 2025.

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We had an outstanding balance of $ 945.0 million under our 2025 CLOC and amounts available to borrow were not limited by the debt-to-EBITDA covenant as of December 31, 2025 .

NOTE 7: INCOME TAXES
We file a consolidated federal income tax return in the U.S. with the Internal Revenue Service (IRS) and file tax returns in various state, local, and foreign jurisdictions.
On July 4, 2025, H.R. 1 was signed into law. The legislation did not have a material impact on our tax benefit for the six months ended December 31, 2025, and we do not expect it to materially change our effective income tax rate for the fiscal year ending June 30, 2026.
Our effective tax rate for continuing operations, including the effects of discrete tax items, was 24.0% for both the six months ended December 31, 2025 and 2024.
Consistent with prior years, our pretax loss for the six months ended December 31, 2025 is expected to be offset by income in our third and fourth quarters due to the established pattern of seasonality in our primary business operations. As such, management has determined that it is more-likely-than-not that realization of tax benefits recorded in our financial statements will occur within our fiscal year. The amount of tax benefit recorded for the six months ended December 31, 2025 reflects management’s estimate of the annual effective tax rate applied to year-to-date loss from continuing operations adjusted for the tax impact of discrete items for the periods presented.

NOTE 8: COMMITMENTS AND CONTINGENCIES
Our U.S. and Canadian businesses offer our 100% accuracy guarantee. Assisted tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client for penalties and interest attributable to an H&R Block error on a return. Similarly, DIY tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client (up to a maximum of $ 10,000 in the U.S.) if our software makes an arithmetic error that results in payment of penalties and/or interest to the respective taxing authority that a client would otherwise not have been required to pay. Our liability related to estimated losses under the 100% accuracy guarantee was $ 10.9 million and $ 11.4 million as of December 31, 2025 and June 30, 2025, respectively. The short-term and long-term portions of this liability are included in deferred revenue and other liabilities in the consolidated balance sheets.
Liabilities related to acquisitions for (1) estimated contingent consideration based on expected financial performance of the acquired business and economic conditions at the time of acquisition and (2) estimated accrued compensation related to continued employment of key employees were $ 36.9 million and $ 29.6 million as of December 31, 2025 and June 30, 2025 respectively, with amounts recorded in deferred revenue and other liabilities. Should actual results differ from our estimates, future payments made will differ from the above estimate and any differences will be recorded in results from continuing operations.
We have contractual commitments to fund certain franchises with approved short-term lines of credit for the purpose of meeting their seasonal working capital needs. Our total obligation under these lines of credit was $ 21.9 million at December 31, 2025, and net of amounts drawn and outstanding, our remaining commitment to fund totaled $ 5.9 million.
Emerald Advance® term loans are originated by Pathward® N.A. (Pathward). We purchase participation interests, at par, in all EAs originated by Pathward in accordance with our participation agreement. Our participation interest varies by jurisdiction. At December 31, 2025, the principal balance of purchased participation interests for the current year totaled $281.1 million, which represents 87% of total EA volume originated by Pathward.

NOTE 9: LITIGATION AND OTHER RELATED CONTINGENCIES
We are a defendant in numerous litigation and arbitration matters, arising both in the ordinary course of business and otherwise, including as described below. The matters described below are not all of the lawsuits or arbitrations to which we are subject. In some of the matters, very large or indeterminate amounts, including punitive damages, may be sought. U.S. jurisdictions permit considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may

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permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters. We believe that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value due to this variability in pleadings and our experience in handling and resolving numerous claims over an extended period of time.
The outcome of a matter and the amount or range of potential loss at particular points in time may be difficult to ascertain. Among other things, uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how courts and arbitrators will apply the law. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will view the relevant evidence and applicable law.
In addition to litigation and arbitration matters, we are also subject to other loss contingencies arising out of our business activities, including as described below.
We accrue liabilities for litigation, arbitration and other related loss contingencies and any related settlements when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. If a range of loss is estimated, and some amount within that range appears to be a better estimate than any other amount within that range, then that amount is accrued. If no amount within the range can be identified as a better estimate than any other amount, we accrue the minimum amount in the range.
For such matters where a loss is believed to be reasonably possible, but not probable, or the loss cannot be reasonably estimated, no accrual has been made. It is possible that such matters could require us to pay damages or make other expenditures or accrue liabilities in amounts that could not be reasonably estimated as of December 31, 2025. While the potential future liabilities could be material in the particular quarterly or annual periods in which they are recorded, based on information currently known, we do not believe any such liabilities are likely to have a material adverse effect on our business and our consolidated financial position, results of operations, and cash flows. Our accrued liabilities were $ 10.0 million and $ 6.2  million as of December 31, 2025 and June 30, 2025, respectively.
Our estimate of the aggregate range of reasonably possible losses includes (1) matters where a liability has been accrued and there is a reasonably possible loss in excess of the amount accrued for that liability, and (2) matters where a liability has not been accrued but we believe a loss is reasonably possible. This aggregate range only represents those losses as to which we are currently able to estimate a reasonably possible loss or range of loss. It does not represent our maximum loss exposure.
Matters for which we are not currently able to estimate the reasonably possible loss or range of loss are not included in this range. We are often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the reasonably possible loss or range of loss, such as precise information about the amount of damages or other remedies being asserted, the defenses to the claims being asserted, discovery from other parties and investigation of factual allegations, rulings by courts or arbitrators on motions or appeals, analyses by experts, or the status or terms of any settlement negotiations.
The estimated range of reasonably possible loss is based upon currently available information and is subject to significant judgment and a variety of assumptions, as well as known and unknown uncertainties. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from the current estimate. As of December 31, 2025, we believe the estimate of the aggregate range of reasonably possible losses in excess of amounts accrued, where the range of loss can be estimated, is not material.
At the end of each reporting period, we review relevant information with respect to litigation, arbitration and other related loss contingencies and update our accruals, disclosures, and estimates of reasonably possible loss or range of loss based on such reviews. Costs incurred with defending matters are expensed as incurred. Any receivable for insurance recoveries is recorded separately from the corresponding liability, and only if recovery is determined to be probable and reasonably estimable.
We believe we have meritorious defenses to the claims asserted in the various matters described in this note, and we intend to defend them vigorously. The amounts claimed in the matters are substantial, however, and there

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can be no assurances as to their outcomes. In the event of unfavorable outcomes, it could require modifications to our operations; in addition, the amounts that may be required to be paid to discharge or settle the matters could be substantial and could have a material adverse impact on our business and our consolidated financial position, results of operations, and cash flows.
We have received and are responding to certain governmental inquiries, class actions and mass arbitrations relating to the IRS Free File Program and other aspects of our DIY tax preparation services, including the use of pixels. An accrual related to these matters is included in our loss contingency accrual.
We are from time to time a party to litigation, arbitration and other loss contingencies not discussed herein arising out of our business operations. These matters may include actions by state attorneys general, other state regulators, federal regulators, individual plaintiffs, and cases in which plaintiffs seek to represent others who may be similarly situated.
While we cannot provide assurance that we will ultimately prevail in each instance, we believe the amount, if any, we are required to pay to discharge or settle these other matters will not have a material adverse impact on our business and our consolidated financial position, results of operations, and cash flows.

NOTE 10: SEGMENT INFORMATION
We provide assisted and DIY tax preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded services and products, including those of our bank partners, to the general public primarily in the U.S., Canada and Australia. Tax returns are prepared by H&R Block tax professionals in one of our company-owned or franchise offices, virtually or via an online review, or they are prepared and filed by our clients through our DIY tax solutions. We also offer small business solutions through our company-owned and franchise offices (including in-person, online and virtual) and online through Wave. We report a single segment that includes all of our continuing operations. The majority of our revenues are from our U.S. tax services business.
The Company's Chief Operating Decision Maker (CODM) is our chief executive officer, who regularly reviews consolidated financial information to evaluate financial performance and allocate resources. Specifically, the CODM uses revenues, operating expenses, net income and EBITDA at a consolidated level, as key financial metrics in deciding how to reinvest to grow the business. These financial metrics are used by the CODM to make operating decisions and identify growth opportunities. The measure of segment assets is total consolidated assets as presented on the consolidated balance sheet.
The following table presents the significant revenue and expense categories included in the segment's net income from continuing operations as regularly provided to the CODM on a consolidated basis and then reconciled to net income for the three and six months ended December 31, 2025 and 2024.

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Consolidated – Financial Results (in 000s, except per share amounts)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
Revenues:
U.S. tax preparation and related services:
Assisted tax preparation $ 55,919   $ 48,380   $ 104,563   $ 91,343  
Royalties 5,108   3,499   10,957   9,351  
DIY tax preparation 16,807   13,744   20,552   16,980  
Refund Transfers 638   637   1,481   1,497  
Peace of Mind® Extended Service Plan 16,231   16,145   39,740   39,242  
Tax Identity Shield® 4,244   4,013   8,366   7,922  

Emerald Card® and Spruce SM
9,124   10,148   16,976   18,974  
Interest and fee income on Emerald Advance® 13,446   12,308   13,446   12,308  

International 34,718   31,811   100,379   96,666  
Wave 29,785   26,561   59,635   52,964  
Other 12,845   11,824   26,321   25,633  
Total revenues $ 198,865   $ 179,070   $ 402,416   $ 372,880  
Compensation and benefits:
Field wages 94,177   81,565   163,892   149,659  
Other wages 73,005   78,731   152,284   156,066  
Benefits and other compensation 39,989   38,402   76,651   77,156  
207,171   198,698   392,827   382,881  
Occupancy 109,592   104,999   212,388   206,317  
Marketing and advertising 14,995   14,863   23,337   24,835  
Depreciation and amortization 30,001   29,195   58,923   58,026  
Bad debt 21,816   19,416   24,021   22,146  
Other 114,169   105,190   196,830   200,297  
Total operating expenses 497,744   472,361   908,326   894,502  
Other income (expense), net 3,034   2,744   11,136   14,661  
Interest expense on borrowings ( 23,378 ) ( 21,752 ) ( 40,780 ) ( 37,599 )
Loss from continuing operations before income taxes ( 319,223 ) ( 312,299 ) ( 535,554 ) ( 544,560 )
Income tax benefit ( 77,657 ) ( 69,833 ) ( 128,620 ) ( 130,673 )
Segment net loss from continuing operations ( 241,566 ) ( 242,466 ) ( 406,934 ) ( 413,887 )

Reconciliation of segment profit:
Reconciling items:
Net loss from discontinued operations ( 600 ) ( 954 ) ( 1,051 ) ( 2,109 )
Net loss $ ( 242,166 ) $ ( 243,420 ) $ ( 407,985 ) $ ( 415,996 )

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ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RECENT DEVELOPMENTS
On July 11, 2025, we entered into a Fifth Amended and Restated Credit and Guarantee Agreement (2025 CLOC), which amended and restated our Fourth Amended and Restated Credit and Guarantee Agreement, extended the scheduled maturity date to July 11, 2030, maintained the aggregate principal amount of $1.5 billion, and revised the interest rate table. All other material terms remain substantially unchanged from the Fourth Amended and Restated Credit and Guarantee Agreement. See our Current Report on Form 8-K filed on July 15, 2025 for additional information.
On August 7, 2025, Jeffrey J. Jones II notified the Board of Directors of the Company of his intention to retire as President and Chief Executive Officer of the Company, effective as of December 31, 2025. Mr. Jones retired from the Board of Directors, effective on December 31, 2025. On August 8, 2025, the Board appointed Curtis A. Campbell, the Company's President, Global Consumer Tax and Chief Product Officer, to succeed Mr. Jones as President and Chief Executive Officer, effective immediately upon Mr. Jones’ retirement. See our Current Report on Form 8-K filed on August 11, 2025 for more information.
On August 13, 2025, Kellie J. Logerwell notified H&R Block, Inc. (the “Company”) of her intention to retire as the Company’s Vice President and Chief Accounting Officer, effective as of October 24, 2025. Ms. Logerwell was succeeded as principal accounting officer by April M. Wasleski, who most-recently served as the Company’s Director of Accounting and whose appointment as Vice President and Chief Accounting Officer became effective October 24, 2025. See our Current Report on Form 8-K filed on August 15, 2025 for more information.
On August 26, 2025, we issued $350.0 million of 5.375% Senior Notes due September 15, 2032 (2032 Senior Notes). The 2032 Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The net proceeds from the 2032 Senior Notes were used for general corporate purposes, which includes, among other uses, the redemption of the $350.0 million in principal outstanding of our 5.250% notes due October 2025 (2025 Senior Notes). We redeemed our 2025 Senior Notes at 100% of the principal amount, plus accrued and unpaid interest, on September 19, 2025.

RESULTS OF OPERATIONS
Our subsidiaries provide assisted and do-it-yourself (DIY) tax preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded products and services, including those of our bank partners, to the general public primarily in the United States (U.S.), Canada and Australia. Tax returns are prepared by H&R Block tax professionals in one of our company-owned or franchise offices, virtually or via an online review, or they are prepared and filed by our clients through our DIY tax solutions. We also offer small business solutions through our company-owned and franchise offices (including in-person, online and virtual) and online through Wave. We report a single segment that includes all of our continuing operations.

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Consolidated – Financial Results (in 000s, except per share amounts)
Three months ended December 31, 2025 2024 $ Change % Change
Revenues:
U.S. tax preparation and related services:
Assisted tax preparation $ 55,919   $ 48,380  $ 7,539  15.6  %
Royalties 5,108   3,499  1,609  46.0  %
DIY tax preparation 16,807   13,744  3,063  22.3  %
Refund Transfers 638   637  1  0.2  %
Peace of Mind® Extended Service Plan 16,231   16,145  86  0.5  %
Tax Identity Shield® 4,244   4,013  231  5.8  %
Other 12,845   11,824  1,021  8.6  %
Total U.S. tax preparation and related services 111,792   98,242  13,550  13.8  %
Financial services:
Emerald Card® and Spruce SM
9,124   10,148  (1,024) (10.1) %
Interest and fee income on Emerald Advance® 13,446   12,308  1,138  9.2  %
Total financial services 22,570   22,456  114  0.5  %
International 34,718   31,811  2,907  9.1  %
Wave 29,785   26,561  3,224  12.1  %
Total revenues $ 198,865   $ 179,070  $ 19,795  11.1  %
Compensation and benefits:
Field wages 94,177   81,565  (12,612) (15.5) %
Other wages 73,005   78,731  5,726  7.3  %
Benefits and other compensation 39,989   38,402  (1,587) (4.1) %
207,171   198,698  (8,473) (4.3) %
Occupancy 109,592   104,999  (4,593) (4.4) %
Marketing and advertising 14,995   14,863  (132) (0.9) %
Depreciation and amortization 30,001   29,195  (806) (2.8) %
Bad debt 21,816   19,416  (2,400) (12.4) %
Other 114,169   105,190  (8,979) (8.5) %
Total operating expenses 497,744   472,361  (25,383) (5.4) %
Other income (expense), net 3,034   2,744  290  10.6  %
Interest expense on borrowings (23,378) (21,752) (1,626) (7.5) %
Pretax loss (319,223) (312,299) (6,924) (2.2) %
Income tax benefit (77,657) (69,833) 7,824  11.2  %
Net loss from continuing operations (241,566) (242,466) 900  0.4  %
Net loss from discontinued operations (600) (954) 354  37.1  %
Net loss $ (242,166) $ (243,420) $ 1,254  0.5  %
BASIC AND DILUTED LOSS PER SHARE:
Continuing operations $ (1.91) $ (1.79) $ (0.12) (6.7) %
Discontinued operations (0.01) (0.01) —  —  %
Consolidated $ (1.92) $ (1.80) $ (0.12) (6.7) %

Adjusted diluted EPS (1)
$ (1.84) $ (1.73) $ (0.11) (6.4) %
EBITDA (1)
$ (265,844) $ (261,352) $ (4,492) (1.7) %

(1)     All non-GAAP measures are results from continuing operations. See " Non-GAAP Financial Information " at the end of this item for a reconciliation of non-GAAP measures.

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Three months ended December 31, 2025 compared to December 31, 2024
Revenues increased $19.8 million, or 11.1%, from the prior ye ar. U.S. assisted tax preparation revenues increased $7.5 million , or 15.6%, primarily due to an increase in company-owned tax return volumes and net average charge in the current year.
U.S. DIY tax preparation revenues increased $3.1 million, or 22.3%, primarily due to higher software downloads.
Wave revenues increased $3.2 million, or 12.1%, due to higher accounting, invoicing, and receipts subscriptions and small business payment processing volumes.
Total operating expenses increased $25.4 million, or 5.4%, from the prior year. Compensation and benefits increased $8.5 million, or 4.3%, primarily due to higher tax professional wages as a result of higher assisted revenue and higher corporate wages primarily due to salary increases. Certain wage‑related expenses are now being reported in field wages rather than other wages to better align with how costs are managed and evaluated internally. This change had no impact on total operating expenses, and prior period amounts have not been reclassified.
Other operating expenses increased $9.0 million, or 8.5%. The components of other expenses are as follows:

(in 000s)
Three months ended December 31, 2025 2024 $ Change % Change
Consulting and outsourced services $ 24,333   $ 18,439  $ (5,894) (32.0) %
Bank partner fees (915) 1,316  2,231  **
Client claims and refunds 3,695   4,332  637  14.7  %
Employee and travel expenses 12,407   12,495  88  0.7  %
Technology-related expenses 29,772   28,062  (1,710) (6.1) %
Credit card/bank charges 19,547   18,546  (1,001) (5.4) %
Insurance 4,866   4,256  (610) (14.3) %
Legal fees and settlements 11,517   7,192  (4,325) (60.1) %
Supplies 4,558   3,570  (988) (27.7) %
Other 4,389   6,982  2,593  37.1  %
$ 114,169   $ 105,190  $ (8,979) (8.5) %

Consulting and outsourced services expense increased $5.9 million, or 32.0%, due to increased spend on various strategic projects.
We recorded an income tax benefit of $77.7 million in the current year compared to $69.8 million in the prior year. The effective tax rate for the three months ended December 31, 2025, and 2024 was 24.3% and 22.4%, respectively.

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Consolidated - Financial Results (in 000s, except per share amounts)
Six months ended December 31, 2025 2024 $ Change % Change
Revenues:
U.S. tax preparation and related services:
Assisted tax preparation $ 104,563   $ 91,343  $ 13,220  14.5  %
Royalties 10,957   9,351  1,606  17.2  %
DIY tax preparation 20,552   16,980  3,572  21.0  %
Refund Transfers 1,481   1,497  (16) (1.1) %
Peace of Mind® Extended Service Plan 39,740   39,242  498  1.3  %
Tax Identity Shield® 8,366   7,922  444  5.6  %
Other 26,321   25,633  688  2.7  %
Total U.S. tax preparation and related services 211,980   191,968  20,012  10.4  %
Financial services:
Emerald Card® and Spruce SM
16,976   18,974  (1,998) (10.5) %
Interest and fee income on Emerald Advance® 13,446   12,308  1,138  9.2  %
Total financial services 30,422   31,282  (860) (2.7) %
International 100,379   96,666  3,713  3.8  %
Wave 59,635   52,964  6,671  12.6  %
Total revenues $ 402,416   $ 372,880  $ 29,536  7.9  %
Compensation and benefits:
Field wages 163,892   149,659  (14,233) (9.5) %
Other wages 152,284   156,066  3,782  2.4  %
Benefits and other compensation 76,651   77,156  505  0.7  %
392,827   382,881  (9,946) (2.6) %
Occupancy 212,388   206,317  (6,071) (2.9) %
Marketing and advertising 23,337   24,835  1,498  6.0  %
Depreciation and amortization 58,923   58,026  (897) (1.5) %
Bad debt 24,021   22,146  (1,875) (8.5) %
Other 196,830   200,297  3,467  1.7  %
Total operating expenses 908,326   894,502  (13,824) (1.5) %
Other income (expense), net 11,136   14,661  (3,525) (24.0) %
Interest expense on borrowings (40,780) (37,599) (3,181) (8.5) %
Pretax loss (535,554) (544,560) 9,006  1.7  %
Income tax benefit (128,620) (130,673) (2,053) (1.6) %
Net loss from continuing operations (406,934) (413,887) 6,953  1.7  %
Net loss from discontinued operations (1,051) (2,109) 1,058  50.2  %
Net loss $ (407,985) $ (415,996) $ 8,011  1.9  %
BASIC AND DILUTED LOSS PER SHARE:
Continuing operations $ (3.16) $ (3.02) $ (0.14) 4.6  %
Discontinued operations (0.01) (0.01) —  —  %
Consolidated $ (3.17) $ (3.03) $ (0.14) 4.6  %
Adjusted diluted EPS (1)
$ (3.03) $ (2.89) $ (0.14) 4.8  %
EBITDA (1)
$ (435,851) $ (448,935) $ 13,084  2.9  %

(1) All non-GAAP measures are results from continuing operations. See " Non-GAAP Financial Information " at the end of this item for a reconciliation of non-GAAP measures.

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Six months ended December 31, 2025 compared to December 31, 2024
Revenues increased $29.5 million, or 7.9%, from the prior year. U.S. assisted tax preparation revenues increased $13.2 million, or 14.5%, primarily due to an increase in net average charge combined with an increase in company-owned tax return volumes in the current year.
U.S. DIY tax preparation revenues increased $3.6 million, or 21.0%, primarily due to higher software downloads and higher paid online volume.
Wave revenues increased $6.7 million, or 12.6%, due to higher accounting, invoicing, and receipts subscriptions and small business payment processing volumes.
Total operating expenses increased $13.8 million, or 1.5%, from the prior year period. Compensation and benefits increased $9.9 million, or 2.6%, primarily due to higher tax professional wages as a result of higher assisted revenue and higher corporate wages primarily due to salary increases. Certain wage‑related expenses are now being reported in field wages rather than other wages to better align with how costs are managed and evaluated internally. This change had no impact on total operating expenses, and prior period amounts have not been reclassified. Occupancy expense increased $6.1 million, or 2.9%, primarily due to higher lease expenses.
Other operating expenses decreased $3.5 million, or 1.7%. The components of other expenses are as follows:

(in 000s)
Six months ended December 31, 2025 2024 $ Change % Change
Consulting and outsourced services $ 37,490   $ 33,883  $ (3,607) (10.6) %
Bank partner fees (1,249) 1,363  2,612  **
Client claims and refunds 9,140   10,276  1,136  11.1  %
Employee and travel expenses 18,080   18,612  532  2.9  %
Technology-related expenses 56,121   52,563  (3,558) (6.8) %
Credit card/bank charges 38,924   36,695  (2,229) (6.1) %
Insurance 7,546   7,800  254  3.3  %
Legal fees and settlements 14,979   21,654  6,675  30.8  %
Supplies 7,657   6,477  (1,180) (18.2) %
Other 8,142   10,974  2,832  25.8  %
$ 196,830   $ 200,297  $ 3,467  1.7  %

Legal expense decreased $6.7 million, or 30.8%, primarily due to lower outside legal counsel spend.
We recorded income tax benefit of $128.6 million in the current year compared to $130.7 million in the prior year. The effective tax rate for both the six months ended December 31, 2025, and 2024 was 24.0%. See Item 1, note 7 to the consolidated financial statements for additional discussion.

FINANCIAL CONDITION
These comments should be read in conjunction with the consolidated balance sheets and consolidated statements of cash flows included in Part 1, Item 1 .
CAPITAL RESOURCES AND LIQUIDITY –
OVERVIEW – Our primary sources of capital and liquidity include cash from operations (including changes in working capital), draws on our unsecured committed line of credit (CLOC), and issuances of debt. We use our sources of liquidity primarily to fund working capital, service and repay debt, pay dividends, repurchase shares of our common stock, and acquire businesses.
Our operations are highly seasonal and substantially all of our revenues and cash flow are generated during the period from February through April in a typical year. Therefore, we normally require the use of cash to fund losses and working capital needs, periodically resulting in a working capital deficit, during the months of May through

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January. We typically have relied on available cash balances from the prior tax season and borrowings to meet liquidity needs.
Given the likely availability of a number of liquidity options discussed herein, we believe that, in the absence of any unexpected developments, our existing sources of capital as of December 31, 2025 are sufficient to meet our operating, investing and financing needs.
DISCUSSION OF CONSOLIDATED STATEMENTS OF CASH FLOWS – The following table summarizes our statements of cash flows for the six months ended December 31, 2025 and 2024. See Item 1 for the complete consolidated statements of cash flows for these periods.

(in 000s)
Six months ended December 31, 2025 2024
Net cash provided by (used in):
Operating activities $ (970,788) $ (895,638)
Investing activities (91,925) (87,493)
Financing activities 429,536   258,598 
Effects of exchange rates on cash (1,106) (9,136)
Net decrease in cash and cash equivalents, including restricted balances $ (634,283) $ (733,669)

Operating Activities. Cash used in operations totaled $970.8 million for the six months ended December 31, 2025 compared to $895.6 million in the prior year period. The increase is primarily due to changes in accrued income taxes and receivables, partially offset by deferred income taxes and a lower net loss.
Investing Activities. Cash used in investing activities totaled $91.9 million for the six months ended December 31, 2025 compared to $87.5 million in the prior year period. The increase is primarily due to higher payments made for business acquisitions.
Financing Activities. Cash provided by financing activities totaled $429.5 million for the six months ended December 31, 2025 compared to $258.6 million in the prior year period. The change is primarily due to higher net proceeds from line of credit borrowings, lower share repurchases for payroll taxes on stock-based awards, partially offset by higher dividends.
CASH REQUIREMENTS –
Dividends and Share Repurchases. Returning capital to shareholders in the form of dividends and the repurchase of outstanding shares is, and has historically been, a significant component of our capital allocation plan.
We have consistently paid quarterly dividends. Dividends paid totaled $104.6 million and $97.0 million for the six months ended December 31, 2025 and 2024, respectively. Although we have historically paid dividends and plan to continue to do so, there can be no assurances that circumstances will not change in the future that could affect our ability or decisions to pay dividends.
During the six months ended December 31, 2025, we repurchased $400.1 million of our common stock at an average price of $50.90 per share, excluding excise taxes in connection with such repurchases. In the prior year period, we repurchased $400.1 million of our common stock at an average price of $61.10 per share, excluding excise taxes in connection with such repurchases. Our current share repurchase program has remaining authorization of $700.0 million and does not have an expiration date.
Share repurchases may be effectuated through open market transactions, some of which may be effectuated under SEC Rule 10b5-1. The Company may cancel, suspend, or extend the period for the purchase of shares at any time. Any repurchases will be funded primarily through available cash and cash from operations. Although we may continue to repurchase shares, there is no assurance that we will purchase up to the full Board authorization.
    Capital Investment. Capital expenditures totaled $48.7 million and $49.1 million for the six months ended December 31, 2025 and 2024, respectively. Our capital expenditures relate primarily to recurring improvements to retail offices, as well as investments in computers, software and related assets. In addition to our capital

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expenditures, we also made payments to acquire businesses. We acquired franchisee and competitor businesses totaling $35.4 million and $28.0 million during the six months ended December 31, 2025 and 2024, respectively. See Item 1, note 5 for additional information on our acquisitions.
FINANCING RESOURCES – The 2025 CLOC has capacity up to $1.5 billion and is scheduled to expire in July 2030. Proceeds under the 2025 CLOC may be used for working capital needs or for other general corporate purposes. We had an outstanding balance of $945.0 million under our 2025 CLOC and amounts available to borrow were not limited by the debt-to-EBITDA covenant as of December 31, 2025.
On August 26, 2025, we issued the 2032 Senior Notes. We redeemed our 2025 Senior Notes at 100% of the principal amount, plus accrued and unpaid interest, on September 19, 2025.
The following table provides ratings for debt issued by Block Financial LLC (Block Financial) as of December 31, 2025 and June 30, 2025:

As of December 31, 2025 June 30, 2025

Short-term Long-term Outlook Short-term Long-term Outlook
Moody's P-3 Baa3 Stable P-3 Baa3 Stable
S&P A-2 BBB Stable A-2 BBB Stable

Other than described above, there have been no material changes in our borrowings from those reported as of June 30, 2025 in our Annual Report on Form 10-K.
CASH AND OTHER ASSETS – As of December 31, 2025, we held cash and cash equivalents, excluding restricted amounts, of $349.2 million, including $199.7 million held by our foreign subsidiaries.
Foreign Operations. Seasonal borrowing needs of our Canadian operations are typically funded by our U.S. operations. To mitigate foreign currency risk, we sometimes enter into foreign exchange forward contracts. There were no forward contracts outstanding as of December 31, 2025.
We do not currently intend to repatriate non-borrowed funds held by our foreign subsidiaries in a manner that would trigger a tax liability.
The impact of changes in foreign exchange rates during the period on our international cash balances resulted in a decrease of $1.1 million and $9.1 million during the six months ended December 31, 2025 and 2024, respectively.
CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS – EAs are originated by Pathward. We purchase participation interests, at par, in all EAs originated by Pathward in accordance with our participation agreement. Our participation interest varies by jurisdiction. We purchased participation interests of $281.1 million during the six months ended December 31, 2025.
Except as described in Recent Developments related to the 2025 CLOC, the 2032 Senior Notes issuance and the 2025 Senior Notes redemption, there have been no other material changes in our contractual obligations and commercial commitments from those reported in our June 30, 2025 Annual Report on Form 10-K.
SUMMARIZED GUARANTOR FINANCIAL STATEMENTS – Block Financial is a 100% owned subsidiary of H&R Block, Inc. Block Financial is the Issuer and H&R Block, Inc. is the full and unconditional Guarantor of our Senior Notes, CLOC and other indebtedness issued from time to time.

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The following table presents summarized financial information for H&R Block, Inc. (Guarantor) and Block Financial (Issuer) on a combined basis after intercompany eliminations and excludes investments in and equity earnings in non-guarantor subsidiaries.

SUMMARIZED BALANCE SHEET - GUARANTOR AND ISSUER (in 000s)
As of December 31, 2025 June 30, 2025
Current assets $ 330,038   $ 38,254 
Noncurrent assets 2,484,987   1,836,847 
Current liabilities 92,043   432,139 
Noncurrent liabilities 2,440,727   1,148,806 

SUMMARIZED STATEMENTS OF OPERATIONS - GUARANTOR AND ISSUER (in 000s)
Six months ended December 31, 2025 Twelve months ended June 30, 2025

Total revenues $ 32,361   $ 126,240 
Income (loss) from continuing operations before income taxes (7,472) 58,596 
Net income (loss) from continuing operations (5,753) 45,120 
Net income (loss) (6,804) 41,443 

The table above reflects $2.4 billion and $1.8 billion of non-current intercompany receivables due to the Issuer from non-guarantor subsidiaries as of December 31, 2025 and June 30, 2025, respectively.

REGULATORY ENVIRONMENT
There have been no material changes in our regulatory environment from what was reported in our June 30, 2025 Annual Report on Form 10-K.

NON-GAAP FINANCIAL INFORMATION
Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. generally accepted accounting principles (GAAP). Because these measures are not measures of financial performance under GAAP and are susceptible to varying calculations, they may not be comparable to similarly titled measures for other companies.
We consider our non-GAAP financial measures to be performance measures and a useful metric for management and investors to evaluate and compare the ongoing operating performance of our business. We make adjustments for certain non-GAAP financial measures related to amortization of intangibles from acquisitions and goodwill impairments. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures.
We measure the performance of our business using a variety of metrics, including earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, adjusted EBITDA from continuing operations, adjusted diluted earnings per share from continuing operations, free cash flow and free cash flow yield. We also use EBITDA from continuing operations and pretax income of continuing operations, each subject to permitted adjustments, as performance metrics in incentive compensation calculations for our employees.

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The following is a reconciliation of net loss to EBITDA from continuing operations, which is a non-GAAP financial measure:

(in 000s)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
Net loss - as reported $ (242,166) $ (243,420) $ (407,985) $ (415,996)
Discontinued operations, net 600   954  1,051   2,109 
Net loss from continuing operations - as reported (241,566) (242,466) (406,934) (413,887)
Add back:
Income tax benefit (77,657) (69,833) (128,620) (130,673)
Interest expense 23,378   21,752  40,780   37,599 
Depreciation and amortization 30,001   29,195  58,923   58,026 
(24,278) (18,886) (28,917) (35,048)
EBITDA from continuing operations $ (265,844) $ (261,352) $ (435,851) $ (448,935)

The following is a reconciliation of our results from continuing operations to our adjusted results from continuing operations, which is a non-GAAP financial measure:

(in 000s, except per share amounts)
Three months ended December 31, Six months ended December 31,
2025 2024 2025 2024
Net loss from continuing operations - as reported $ (241,566) $ (242,466) $ (406,934) $ (413,887)
Adjustments:
Amortization of intangibles related to acquisitions (pretax) 11,252   10,910  22,231   22,038 
Tax effect of adjustments (1)
(2,444) (2,539) (5,236) (5,184)
Adjusted net loss from continuing operations $ (232,758) $ (234,095) $ (389,939) $ (397,033)
Diluted loss per share from continuing operations - as reported $ (1.91) $ (1.79) $ (3.16) $ (3.02)
Adjustments, net of tax 0.07   0.06  0.13   0.13 
Adjusted diluted loss per share from continuing operations $ (1.84) $ (1.73) $ (3.03) $ (2.89)

(1) Tax effect of adjustments is the difference between the tax provision calculated on a GAAP basis and on an adjusted non-GAAP basis.

FORWARD-LOOKING INFORMATION
This report and other documents filed with the Securities and Exchange Commission (SEC) may contain forward-looking statements. In addition, our senior management may make forward-looking statements orally to analysts, investors, the media and others. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "commits," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "could," "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. They may include estimates of revenues, client trajectory, income, effective tax rate, earnings per share, cost savings, capital expenditures, dividends, share repurchases, liquidity, capital structure, market share, industry volumes or other financial items, descriptions of management's plans or objectives for future operations, services or products, or descriptions of assumptions underlying any of the above. They may also include the expected impact of external events beyond the Company's control, such as outbreaks of infectious

H&R Block, Inc. |Q2 FY2026 Form 10-Q
25

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disease, severe weather events, natural or manmade disasters, or changes in the regulatory environment in which we operate.
All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions, factors, or expectations, new information, data or methods, future events or other changes, except as required by law.
By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive, operational and regulatory factors, many of which are beyond the Company's control. In addition, factors that may cause the Company’s actual effective tax rate to differ from estimates include the Company’s actual results from operations compared to current estimates, future discrete items, changes in interpretations and assumptions the Company has made, future actions of the Company, and increases in applicable tax rates in jurisdictions where the Company operates. Investors should understand that it is not possible to predict or identify all such factors and, consequently, should not consider any such list to be a complete set of all potential risks or uncertainties.
Details about risks, uncertainties and assumptions that could affect various aspects of our business are included throughout our Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and are also described from time to time in other filings with the SEC. Investors should carefully consider all of these risks, and should pay particular attention to Item 1A, "Risk Factors," and Item 7 under "Critical Accounting Estimates" of our Annual Report on Form 10-K for the fiscal year ended June 30, 2025.

ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
There have been no material changes in our market risks from those reported in our June 30, 2025 Annual Report on Form 10-K.

ITEM 4.     CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES – As of the end of the period covered by this Form 10-Q, management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of the end of the period covered by this Quarterly Report on Form 10-Q.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING – There were no changes during the three months ended December 31, 2025 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II    OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS
For a description of our material pending legal proceedings, see discussion in Part I, Item 1, note 9 to the consolidated financial statements.

ITEM 1A.    RISK FACTORS
There have been no material changes in our risk factors from those reported in our June 30, 2025 Annual Report on Form 10-K.

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ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
A summary of our purchases of H&R Block common stock during the three months ended December 31, 2025 is as follows:

(in 000s, except per share amounts)
Total Number of
Shares Purchased (1)
Average
Price Paid
per Share Total Number of Shares
Purchased as Part of
Publicly Announced Plans 
or Programs (2)
Maximum Dollar Value of
Shares that May Yet Be
Purchased Under the Plans 
or Programs (2)

October 1 - October 31 3   $ 51.23   —   $ 700,000  
November 1 - November 30 1   $ 50.46   —   $ 700,000  
December 1 - December 31 1   $ 42.10   —   $ 700,000  
5   $ 48.80   —  

(1) We purchased approximately 5 thousand shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted share units.
(2) On August 15, 2024, we announced that our Board of Directors approved a $1.5 billion share repurchase program. The repurchase program does not have an expiration date.

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES
None.

ITEM 4.    MINE SAFETY DISCLOSURES
Not applicable.

ITEM 5.    OTHER INFORMATION
Director and Section 16 Officer Trading Arrangements
During the three months ended December 31, 2025, no director or Section 16 officer adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

ITEM 6.    EXHIBITS
The following exhibits are numbered in accordance with the Exhibit Table of Item 601 of Regulation S-K:

22
List of Guarantor and Issuer Subsidiaries, filed as Exhibit 22 to the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, file number 1-06089, is incorporated herein by reference.

31.1
Certification by Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2
Certification by Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1
Certification by Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted by Section 906 of the Sarbanes-Oxley Act of 2002.

32.2
Certification by Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted by Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

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101.CAL Inline XBRL Extension Calculation Linkbase

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101.DEF Inline XBRL Taxonomy Extension Definition Linkbase

104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

H&R Block, Inc. |Q2 FY2026 Form 10-Q
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

H&R BLOCK, INC.

/s/ Curtis A. Campbell
Curtis A. Campbell
President and Chief Executive Officer
February 5, 2026

/s/ Tiffany L. Mason
Tiffany L. Mason
Chief Financial Officer
February 5, 2026

/s/ April M. Wasleski
April M. Wasleski
Chief Accounting Officer
February 5, 2026

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Q2 FY2026 Form 10-Q| H&R Block, Inc.

0000001 - Document - Cover
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9952151 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
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9952152 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical)
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9952153 - Statement - CONSOLIDATED BALANCE SHEETS
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9952154 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical)
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9952155 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
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9952156 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
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9952157 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical)
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9952158 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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9952159 - Disclosure - REVENUE RECOGNITION
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9952160 - Disclosure - EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY
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9952161 - Disclosure - RECEIVABLES
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9952162 - Disclosure - GOODWILL AND INTANGIBLE ASSETS
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9952163 - Disclosure - LONG-TERM DEBT
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9952164 - Disclosure - INCOME TAXES
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9952165 - Disclosure - COMMITMENTS AND CONTINGENCIES
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9952166 - Disclosure - LITIGATION AND OTHER RELATED CONTINGENCIES
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9952167 - Disclosure - Commitment and Contingencies
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9952168 - Disclosure - Segment Reporting
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9955511 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)
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9955512 - Disclosure - REVENUE RECOGNITION (Tables)
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9955513 - Disclosure - EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Tables)
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9955514 - Disclosure - RECEIVABLES (Tables)
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9955515 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Tables)
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9955516 - Disclosure - LONG-TERM DEBT LONG-TERM DEBT (Tables)
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9955517 - Disclosure - Commitment and Contingencies (Tables)
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9955518 - Disclosure - Segment Reporting (Tables)
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9955519 - Disclosure - REVENUE RECOGNITION (Disaggregation of Revenue by Major Service Line) (Details)
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9955520 - Disclosure - REVENUE RECOGNITION (Deferred Revenue) (Details)
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9955521 - Disclosure - REVENUE RECOGNITION (Narrative) (Details)
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9955522 - Disclosure - REVENUE RECOGNITION (Remaining Performance Obligation) (Details)
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9955522 - Disclosure - REVENUE RECOGNITION (Remaining Performance Obligation) (Details)
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9955523 - Disclosure - EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Narrative) (Details)
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9955524 - Disclosure - EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Computations of Basic and Diluted Earnings Per Share) (Details)
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9955525 - Disclosure - RECEIVABLES (Schedule of Short-Term Receivables) (Details)
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9955526 - Disclosure - RECEIVABLES (Narrative) (Details)
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9955527 - Disclosure - RECEIVABLES (Schedule of Receivables Based on Year of Origination) (Details)
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9955528 - Disclosure - RECEIVABLES (Schedule of Activity in the Allowance For Doubtful Accounts) (Details)
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9955529 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Schedule of Goodwill) (Details)
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9955530 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details)
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9955531 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Intangible Assets Acquired) (Details)
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9955532 - Disclosure - GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details)
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9955533 - Disclosure - LONG-TERM DEBT (Components of Long-Term Debt) (Details)
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9955534 - Disclosure - LONG-TERM DEBT (Narrative) (Details)
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9955535 - Disclosure - INCOME TAXES (Narrative) (Details)
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9955536 - Disclosure - LITIGATION AND OTHER RELATED CONTINGENCIES (Details)
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9955537 - Disclosure - Commitment and Contingencies (Details)
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9955538 - Disclosure - Segment Reporting (Details)
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Wave payment processing receivables
Wave Payment Processing Receivables [Member]
Wave Payment Processing Receivables [Member]

Dividends declared per share (in usd per share)
Cash dividends declared per share (in usd per share)
Common Stock, Dividends, Per Share, Cash Paid

Accumulated Amortization
Finite-Lived Intangible Assets, Accumulated Amortization

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies [Text Block]

Award Timing Predetermined
Award Timing Predetermined [Flag]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]

Entity File Number
Entity File Number

Additional Paid-in Capital
Additional Paid-in Capital [Member]

Tabular List, Table
Tabular List [Table Text Block]

BASIC AND DILUTED LOSS PER SHARE:
Earnings Per Share, Basic [Abstract]

Guarantor Obligations, Maximum Exposure, Undiscounted
Guarantor Obligations, Maximum Exposure, Undiscounted

Goodwill [Line Items]
Goodwill [Line Items]

Trading Arrangements, by Individual
Trading Arrangements, by Individual [Table]

Consolidated
Earnings Per Share, Basic

Adjustment to Compensation:
Adjustment to Compensation [Axis]

Named Executive Officers, Footnote
Named Executive Officers, Footnote [Text Block]

Accounts payable, accrued expenses, salaries, wages and payroll taxes
Increase (Decrease) in Accounts Payable and Accrued Liabilities

REVENUE RECOGNITION
Revenue from Contract with Customer [Text Block]

Senior Notes, 3.875%, due August 2030
2030 Senior Notes [Member]
2030 Senior Notes [Member]

Other comprehensive income (loss)
Other Comprehensive Income (Loss), Net of Tax

Schedule of Segment Reporting Information, by Segment
Schedule of Segment Reporting Information, by Segment [Table Text Block]

Discontinued operations (in dollars per share)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

Adjustment to Compensation, Amount
Adjustment to Compensation Amount

Debt issuance costs and discounts
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net

Stock-based compensation
Share-Based Payment Arrangement, Noncash Expense

Other wages
Salary and Wage, Other
Salary and Wage, Other

Employee Stock Option
Share-Based Payment Arrangement, Option [Member]

Award Timing MNPI Disclosure
Award Timing MNPI Disclosure [Text Block]

Net balance
Financing Receivable, after Allowance for Credit Loss

Accounts and Financing Receivables [Table]
Accounts and Financing Receivables [Table]

Cash dividends declared - $0.375 per share
Dividends, Common Stock, Cash

Total stockholders' equity (deficiency)
Beginning Balances, Value
Ending Balances, Value
Equity, Attributable to Parent

Insider Trading Policies and Procedures [Line Items]

Stock-based compensation
Share-Based Payment Arrangement, Expense

Common stock, shares authorized (in shares)
Common Stock, Shares Authorized

Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Abstract]

Movement in Deferred Revenue [Roll Forward]
Movement in Deferred Revenue [Roll Forward]

Total liabilities and stockholders' equity
Liabilities and Equity

Deferred revenue, other current and noncurrent liabilities
Increase (Decrease) in Other Current Liabilities

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities and Equity [Abstract]

Cover [Abstract]
Cover [Abstract]

Accounting Policies [Abstract]
Accounting Policies [Abstract]

Net
Finite-Lived Intangible Assets, Net

Non-PEO NEO Average Total Compensation Amount
Non-PEO NEO Average Total Compensation Amount

Debt Instrument [Line Items]
Debt Instrument [Line Items]

Treasury Stock, Common
Treasury Stock, Common [Member]

Net loss from continuing operations
Net loss from continuing operations attributable to shareholders
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

Adjustment to Non-PEO NEO Compensation Footnote
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Pay vs Performance Disclosure [Line Items]

Lines of credit, total obligation
Obligation For Unfunded Letter Of Credit
Obligation for unfunded letter of credit

Forgone Recovery due to Disqualification of Tax Benefits, Amount
Forgone Recovery due to Disqualification of Tax Benefits, Amount

LIABILITIES:
Liabilities [Abstract]

Share-Based Compensation Arrangement by Share-Based Payment Award, Description
Share-Based Compensation Arrangement by Share-Based Payment Award, Description

Non-Rule 10b5-1 Arrangement Terminated
Non-Rule 10b5-1 Arrangement Terminated [Flag]

Loss from continuing operations before income tax benefit
Loss from continuing operations before income taxes
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

Entity Shell Company
Entity Shell Company

Deferred revenue and other noncurrent liabilities
Other Liabilities, Noncurrent

Schedule of Long-term Debt Instruments [Table]
Schedule of Long-Term Debt Instruments [Table]

Maximum annual debt-to-EBITDA ratio
Debt Instrument, Covenant, Annual Debt To EBITDA Ratio
Debt Instrument, Covenant, Annual Debt To EBITDA Ratio

Tax Identity Shield®
TIS
Tax Identity Shield [Member]
Tax Identity Shield [Member]

Impairments
Goodwill, Impairment Loss

Statement of Stockholders' Equity [Abstract]
Statement of Stockholders' Equity [Abstract]

Statement of Cash Flows [Abstract]
Statement of Cash Flows [Abstract]

Current portion of long-term debt
Long-term Debt, Current Maturities
Long-Term Debt, Current Maturities

Company Selected Measure Amount
Company Selected Measure Amount

Award Timing MNPI Considered
Award Timing MNPI Considered [Flag]

Line of Credit Facility [Table]
Line of Credit Facility [Table]

Comprehensive loss
Comprehensive Income (Loss), Net of Tax, Attributable to Parent

Name
Measure Name

Operating lease liabilities
Operating Lease, Liability, Current

Internally-developed software
Software and Software Development Costs [Member]

Document Fiscal Period Focus
Document Fiscal Period Focus

Schedule of Activity in Allowance For Credit Losses
Schedule of Activity in the Allowance for Doubtful Accounts [Table Text Block]
Schedule of Activity in the Allowance for Doubtful Accounts [Table Text Block]

Award Timing Method
Award Timing Method [Text Block]

Litigation Case Type [Domain]
Litigation Case [Domain]

Continuing operations
Income (Loss) from Continuing Operations, Per Basic Share

Award Type
Award Type [Axis]

Long-Term Debt
Long-Term Debt

Legal Entity [Axis]
Legal Entity [Axis]

Total assets
Assets

Estimated amortization, 2023
Finite-Lived Intangible Asset, Expected Amortization, Year One

Trading Symbol
Trading Symbol

Stock-based awards exercised or vested (in shares)
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture

Reacquired franchise rights
Reacquired Franchise Rights
Reacquired Franchise Rights [Member]
Reacquired Franchise Rights [Member]

Entity Address, City or Town
Entity Address, City or Town

CASH FLOWS FROM OPERATING ACTIVITIES:
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]

Accounts, Notes, Loans and Financing Receivable by Receivable Type [Axis]
Receivable Type [Axis]

Weighted-Average Life (in years)
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life

Class of Financing Receivable [Axis]
Class of Financing Receivable [Axis]

Effects of exchange rate changes on cash
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation

Non-PEO NEO Average Compensation Actually Paid Amount
Non-PEO NEO Average Compensation Actually Paid Amount

Compensation Actually Paid vs. Other Measure
Compensation Actually Paid vs. Other Measure [Text Block]

Estimated amortization, 2026
Finite-Lived Intangible Asset, Expected Amortization, Year Four

Entity Emerging Growth Company
Entity Emerging Growth Company

Entity Common Stock, Shares Outstanding
Entity Common Stock, Shares Outstanding

New operating right of use assets and related lease liabilities
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability

All Other
All Other Receivables [Member]
All Other Receivables [Member]

Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]

Insider Trading Policies and Procedures Not Adopted
Insider Trading Policies and Procedures Not Adopted [Text Block]

Business Combination [Domain]
Business Combination [Domain]

Discrete income tax expense (benefit)
Effective Income Tax Rate Reconciliation, Discrete Adjustments, Amount
Effective Income Tax Rate Reconciliation, Discrete Adjustments, Amount

Bad debt
Accounts Receivable, Credit Loss Expense (Reversal)

PEO
PEO [Member]

RECEIVABLES
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Disaggregation of Revenue by Major Service Line
Disaggregation of Revenue [Table Text Block]

Class of Financing Receivable [Domain]
Class of Financing Receivable [Domain]

Proceeds from issuance of long-term debt
Proceeds from Issuance of Senior Long-Term Debt

Accrued income taxes and reserves for uncertain tax positions
Accrued Income Taxes, Current

Changes in assets and liabilities, net of acquisitions:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]

Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year
Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]

Guarantor Obligations, Current Carrying Value
Guarantor Obligations, Current Carrying Value

Peace of Mind® Extended Service Plan
POM
Peace of Mind Revenues [Member]
Peace of Mind Revenues [Member]

Retained Earnings (Deficit)
Retained Earnings [Member]

Prepaid expenses and other current assets
Prepaid Expense and Other Assets, Current

Entity Address, Postal Zip Code
Entity Address, Postal Zip Code

Restatement Determination Date
Restatement Determination Date

Receivables for U.S. assisted and DIY tax preparation and related fees
Receivables For Tax Preparation And Related Fees [Member]
Receivables for Tax Preparation and Related Fees

Cash, cash equivalents and restricted cash, beginning of period
Cash, cash equivalents and restricted cash, end of period
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation

Income Statement [Abstract]
Income Statement [Abstract]

Income tax benefit
Income Tax Expense (Benefit)

Discontinued operations
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

Intangible assets, net
Intangible Assets, Net (Excluding Goodwill)

Pension Adjustments Service Cost
Pension Adjustments Service Cost [Member]

Product and Service [Domain]
Product and Service [Domain]

Diluted
Income (Loss) from Continuing Operations, Per Diluted Share

Restatement does not require Recovery
Restatement Does Not Require Recovery [Text Block]

Business Combination [Table]
Business Combination [Table]

Wave
Wave HQ Inc. [Member]
Wave HQ Inc. [Member]

DIY tax preparation
DIY Tax Preparation Fees [Member]
DIY Tax Preparation Fees [Member]

Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Acquisitions(1)
Goodwill, Acquired During Period

City Area Code
City Area Code

Payments made for business acquisitions, net of cash acquired
Payments made for business acquisitions, net of cash acquired
Payments to Acquire Businesses, Net of Cash Acquired

Award Timing, How MNPI Considered
Award Timing, How MNPI Considered [Text Block]

All Trading Arrangements
All Trading Arrangements [Member]

Equity Awards Adjustments, Footnote
Equity Awards Adjustments, Footnote [Text Block]

Total Shareholder Return Vs Peer Group
Total Shareholder Return Vs Peer Group [Text Block]

Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Abstract]

Proceeds from Long-Term Lines of Credit
Proceeds from Long-Term Lines of Credit

Schedule of Deferred Revenue Related To The Peace of Mind Program
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

CASH FLOWS FROM INVESTING ACTIVITIES:
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]

Pay vs Performance Disclosure
Pay vs Performance Disclosure [Table]

Net cash used in operating activities
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation

Deferred Type [Axis]
Deferred Type [Axis]
Deferred Type [Axis]

Goodwill
Goodwill, beginning balance
Goodwill, ending balance
Goodwill

Equity Valuation Assumption Difference, Footnote
Equity Valuation Assumption Difference, Footnote [Text Block]

PEO Total Compensation Amount
PEO Total Compensation Amount

Long-term Debt, Type [Axis]
Long-Term Debt, Type [Axis]

Loans to franchisees
Loans To Franchisees [Member]
Loans to Franchisees

Equity Components [Axis]
Equity Components [Axis]

Repurchase of common stock, including shares surrendered
Payments for repurchase of common stock, including shares surrendered
Payments for repurchase of common stock, including shares surrendered

Standby Letters of Credit
Standby Letters of Credit [Member]

Non-Rule 10b5-1 Arrangement Adopted
Non-Rule 10b5-1 Arrangement Adopted [Flag]

SUPPLEMENTARY CASH FLOW DATA:
Supplemental Cash Flow Information [Abstract]

Accumulated impairment losses, beginning balance
Accumulated impairment losses, ending balance
Goodwill, Impaired, Accumulated Impairment Loss

Other Performance Measure, Amount
Other Performance Measure, Amount

Entity Address, State or Province
Entity Address, State or Province

Total current liabilities
Liabilities, Current

Individual:
Individual [Axis]

Current year of origination
Current Year Of Origination [Member]
Current Year Of Origination [Member]

Additional paid-in capital
Additional Paid in Capital, Common Stock

Entity [Domain]
Entity [Domain]

Net cash used in investing activities
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation

Remaining performance obligation, expected timing of satisfaction, period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table
Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]

Interest paid on borrowings
Interest Paid, Excluding Capitalized Interest, Operating Activity

Goodwill and Intangible Assets [Table]
Goodwill and Intangible Assets [Table]
Goodwill and Intangible Assets [Table]

Document Fiscal Year Focus
Document Fiscal Year Focus

Basis of Presentation
Basis of Accounting, Policy [Policy Text Block]

Operating lease right of use assets
Operating Lease, Right-of-Use Asset

Forgone Recovery, Explanation of Impracticability
Forgone Recovery, Explanation of Impracticability [Text Block]

Repayments of Long-Term Debt
Repayments of Long-Term Debt

Effective tax rate
Effective Income Tax Rate Reconciliation, Percent

Entity Interactive Data Current
Entity Interactive Data Current

Capitalized software
Computer Software, Intangible Asset [Member]

Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract]
Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract]

LITIGATION AND OTHER RELATED CONTINGENCIES
Legal Matters and Contingencies [Text Block]

Senior notes
Senior Notes

Non-Accrual
Financing Receivable, Nonaccrual

Segment Reporting Disclosure
Segment Reporting Disclosure [Text Block]

Goodwill [Table]
Goodwill [Table]

Disaggregation of Revenue [Table]
Disaggregation of Revenue [Table]

Other Commitments [Line Items]
Other Commitments [Line Items]

Increase (Decrease) in Stockholders' Equity [Roll Forward]
Increase (Decrease) in Stockholders' Equity [Roll Forward]

Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Contingent business acquisition obligations
Business Combination, Contingent Consideration, Liability

Amortization
Amortization of Intangible Assets

Cash and cash equivalents - restricted
Restricted Cash and Cash Equivalent, Current

Selling, general and administrative
Selling, General and Administrative Expense

Depreciation and amortization
Depreciation, Depletion and Amortization

Stock-based awards exercised or vested (in shares)
Shares Issued, Shares, Stock Based Awards Exercised Or Vested
Shares Issued, Shares, Stock Based Awards Exercised Or Vested

Other noncurrent assets
Other Assets, Noncurrent

Entity Central Index Key
Entity Central Index Key

PEO Name
PEO Name

Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]

Estimated amortization, 2022
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling 12 Months

Outstanding Aggregate Erroneous Compensation Amount
Outstanding Aggregate Erroneous Compensation Amount

Revolving credit facility
Revolving Credit Facility [Member]

COMPREHENSIVE LOSS:
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Change in tax benefits that are reasonably possible
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit

Arrangement Duration
Trading Arrangement Duration

Schedule of Segment Reporting Information, by Segment [Table]
Schedule of Segment Reporting Information, by Segment [Table]

Current deferred revenue
Contract with Customer, Liability, Current

Beginning balance
Ending balance
Premium Receivable, Allowance for Credit Loss

Prepaid expenses, other current and noncurrent assets
Increase (Decrease) in Prepaid Expense and Other Assets

Exercise Price
Award Exercise Price

Entity Filer Category
Entity Filer Category

Local Phone Number
Local Phone Number

Additional 402(v) Disclosure
Additional 402(v) Disclosure [Text Block]

Unrecognized compensation costs, nonvested shares and units
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount

Other, net
Payment for (Proceeds from) Other Investing Activity

Other, net
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item

Repurchase and retirement of common shares (in shares)
Stock Repurchased and Retired During Period, Shares

Line Of Credit Facility, Available Increase In Borrowing Capacity
Line Of Credit Facility, Available Increase In Borrowing Capacity
Line Of Credit Facility, Available Increase In Borrowing Capacity

Schedule of Short-Term Receivables
Schedule of Short-Term Receivables [Table Text Block]
Schedule of Short-Term Receivables [Table Text Block]

ASSETS
Assets [Abstract]

Long-term debt and line of credit borrowings
Long-Term Debt, Excluding Current Maturities

Credit Facility [Axis]
Credit Facility [Axis]

Underlying Security Market Price Change
Underlying Security Market Price Change, Percent

Estimated amortization, 2025
Finite-Lived Intangible Asset, Expected Amortization, Year Three

Other Commitments [Axis]
Other Commitments [Axis]

Financing receivable
Balance
Financing Receivable, before Allowance for Credit Loss

Debt Instrument [Axis]
Debt Instrument [Axis]

Business Combination [Line Items]
Business Combination [Line Items]

Credit Facility [Domain]
Credit Facility [Domain]

Gross Carrying Amount
Finite-Lived Intangible Assets, Gross

STOCKHOLDERS' EQUITY:
Equity, Attributable to Parent [Abstract]

Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]

Entity Address, Address Line One
Entity Address, Address Line One

Acquisition of treasury shares(2)
Treasury Stock, Value, Acquired, Cost Method

Accumulated Other Comprehensive Loss(1)
AOCI Attributable to Parent [Member]

Interest rate
Debt Instrument, Interest Rate, Stated Percentage

Stock-based awards exercised or vested
Shares Issued, Value, Stock Based Awards Exercised Or Vested
Shares Issued, Value, Stock Based Awards Exercised Or Vested

Allowance for doubtful accounts
Accounts Receivable, Allowance for Credit Loss, Current

Operating lease liabilities
Operating Lease, Liability, Noncurrent

Gross unrecognized tax benefits increase (decrease)
Unrecognized Tax Benefits, Period Increase (Decrease)

Standard guarantee accrual amount
Standard Guarantee Accrual Amount
Standard guarantee accrual amount

Franchise loans funded
Payments For Loans Made To Franchisees
Payments For Loans Made To Franchisees

Other
Other revenue [Member]
Other revenue [Member]

Fair Value as of Grant Date
Award Grant Date Fair Value

Entity Registrant Name
Entity Registrant Name

Stock Price or TSR Estimation Method
Stock Price or TSR Estimation Method [Text Block]

Labor and Related Expense
Labor and Related Expense

Components of Long-Term Debt
Schedule of Long-Term Debt Instruments [Table Text Block]

Accrued additions to property and equipment
Accrued Additions to Property and Equipment
Accrued Additions to Property and Equipment

Total operating expenses
Costs and Expenses

Document Quarterly Report
Document Quarterly Report

Disposals and foreign currency changes, net
Goodwill Disposals and Other
Goodwill disposals and other

Estimated fair value of long-term debt
Long-Term Debt, Fair Value

Changed Peer Group, Footnote
Changed Peer Group, Footnote [Text Block]

Provision for credit losses
Premium Receivable, Credit Loss Expense (Reversal)

Nonvested units granted (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted

Adjustment To PEO Compensation, Footnote
Adjustment To PEO Compensation, Footnote [Text Block]

Title
Trading Arrangement, Individual Title

Peer Group Total Shareholder Return Amount
Peer Group Total Shareholder Return Amount

Service revenues
Service [Member]

Schedule of Intangible Assets
Schedule of Finite-Lived Intangible Assets [Table Text Block]

Repayments of Long-Term Lines of Credit
Repayments of Long-Term Lines of Credit

Restatement Determination Date:
Restatement Determination Date [Axis]

Swingline Loans
Swingline Credit Facility [Member]
Swingline Credit Facility [Member]

Non-PEO NEO
Non-PEO NEO [Member]

Emerald Advance®
EAs
Emerald Advance Term Loans [Member]
Emerald Advance Term Loans

Other, net
Proceeds from (Payment for) Other Financing Activity

Interest expense on borrowings
Interest Expense, Debt

Name
Trading Arrangement, Individual Name

Allowance
Financing Receivable, Allowance for Credit Loss

All Award Types
Award Type [Domain]

Other
Other Receivables [Member]
Other Receivables [Member]

Equity Awards Adjustments
Equity Awards Adjustments [Member]

Pension Benefits Adjustments, Footnote
Pension Benefits Adjustments, Footnote [Text Block]

Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Line Items]

Compensation Amount
Outstanding Recovery Compensation Amount

Debt Instrument, Name [Domain]
Debt Instrument, Name [Domain]

Recovery of Erroneously Awarded Compensation Disclosure [Line Items]

Amounts recognized on previous deferrals
Contract with Customer, Liability, Revenue Recognized

Discontinued Operation, Tax Effect of Discontinued Operation
Discontinued Operation, Tax Effect of Discontinued Operation

MNPI Disclosure Timed for Compensation Value
MNPI Disclosure Timed for Compensation Value [Flag]

Name
Awards Close in Time to MNPI Disclosures, Individual Name

Emerald Card® and SpruceSM
Fees from Emerald Card [Member]
Fees from Emerald Card [Member]

Benefits and other compensation
Other Labor-related Expenses

H&R Block's Instant Refund® receivables
H&R Block's Instant Refund® receivables
H&R Block Instant Refund [Member]
H&R Block Instant Refund [Member]

Aggregate Erroneous Compensation Not Yet Determined
Aggregate Erroneous Compensation Not Yet Determined [Text Block]

REVENUES:
Revenues [Abstract]

Stock-based compensation
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition

Less treasury shares, at cost, of 29,747,783 and 30,420,033
Treasury Stock, Value

Long-Term Debt and Lease Obligation
Long-Term Debt and Lease Obligation

Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss), Net of Tax

Goodwill before impairment losses, beginning balance
Goodwill before impairment losses, ending balance
Goodwill, Gross

Emerald Advance Lines of Credit Write Offs
Emerald Advance Term Loan Write Offs [Member]
Emerald Advance Term Loan Write Offs

Royalties
Royalties [Member]
Royalties [Member]

Litigation Case [Axis]
Litigation Case [Axis]

Increase in effective tax rate from discrete item, percent
Effective Income Tax Rate Reconciliation, Effect of Discrete Items, Percent
Effective Income Tax Rate Reconciliation, Effect of Discrete Items, Percent

Aggregate Pension Adjustments Service Cost
Aggregate Pension Adjustments Service Cost [Member]

Royalty, product and other revenues
Royalty [Member]

Minimum interest coverage ratio
Debt Instrument, Covenant, Interest Coverage Ratio
Debt Instrument, Covenant, Interest Coverage Ratio

Finite-Lived Intangible Assets by Major Class [Axis]
Finite-Lived Intangible Assets by Major Class [Axis]

Accumulated depreciation and amortization
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment

Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts, Notes, Loans and Financing Receivable [Line Items]

Company Selected Measure Name
Company Selected Measure Name

Remaining franchise equity lines of credit-undrawn commitment
Remaining Obligation For Unfunded Letter Of Credit
Remaining obligation for unfunded letter of credit.

International
International [Member]
International [Member]

Senior Notes
Senior Notes [Member]

Aggregate Available
Trading Arrangement, Securities Aggregate Available Amount

Stock Appreciation Rights (SARs)
Stock Appreciation Rights (SARs) [Member]

Accrued dividends payable to common shareholders
Dividends Payable

Purchased technology
Purchased Technology [Member]
Purchased Technology [Member]

All Executive Categories
All Executive Categories [Member]

Repayments of senior debt
Repayments of Senior Debt

Common stock, no par, stated value $0.01 per share, 800,000,000 shares authorized, shares issued of 156,506,438 and 164,367,434
Common Stock, Value, Issued

Goodwill [Roll Forward]
Goodwill [Roll Forward]

Amounts allocated to participating securities
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic

COMMITMENTS AND CONTINGENCIES
Commitments and Contingencies Disclosure [Text Block]

Dilutive weighted average common shares (in shares)
Weighted Average Number of Shares Outstanding, Diluted

COMMITMENTS AND CONTINGENCIES
Commitments and Contingencies

Non-GAAP Measure Description
Non-GAAP Measure Description [Text Block]

Business Combination [Axis]
Business Combination [Axis]

Provision for credit losses
Provision For Bad Debts And Loan Losses
Provision for bad debts and loan losses.

Entity Small Business
Entity Small Business

Income Tax Disclosure [Abstract]
Income Tax Disclosure [Abstract]

Other
Other Cost and Expense, Operating

LONG-TERM DEBT
Long-Term Debt [Text Block]

Document Transition Report
Document Transition Report

Underlying Securities
Award Underlying Securities Amount

Equity Component [Domain]
Equity Component [Domain]

Document Period End Date
Document Period End Date

PEO Actually Paid Compensation Amount
PEO Actually Paid Compensation Amount

Customer Advance, Line Of Credit, Outstanding Amount
Customer Advance, Line Of Credit, Outstanding Amount
Customer Advance, Line Of Credit, Outstanding Amount

Franchisee and competitor businesses
Franchisee and Competitor Businesses [Member]
Franchisee and Competitor Businesses [Member]

INCOME TAXES
Income Tax Disclosure [Text Block]

Awards Close in Time to MNPI Disclosures, Table
Awards Close in Time to MNPI Disclosures [Table Text Block]

Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Abstract]

Senior Notes, 5.250%, due October 2025
Senior Notes due 2025 [Member]
Senior Notes due 2025 [Member]

Document Type
Document Type

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY
Earnings Per Share [Text Block]

Name
Outstanding Recovery, Individual Name

Marketing and advertising
Marketing and Advertising Expense

Product and Service [Axis]
Product and Service [Axis]

Total revenues
Revenue from Contract with Customer, Excluding Assessed Tax

All Individuals
All Individuals [Member]

Long-term Debt, Type [Domain]
Long-Term Debt, Type [Domain]

Capital expenditures
Payments to Acquire Property, Plant, and Equipment

Name
Forgone Recovery, Individual Name

Total current assets
Assets, Current

Amount
Finite-Lived Intangible Assets Acquired

Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested
Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]

Senior Notes, 2.500%, due July 2028
Senior Notes Due 2028 [Member]
Senior Notes Due 2028

Loss contingency accrual
Loss Contingency Accrual

Aggregate Erroneous Compensation Amount
Aggregate Erroneous Compensation Amount

Peer Group Issuers, Footnote
Peer Group Issuers, Footnote [Text Block]

Net loss from continuing operations attributable to common shareholders
Net Income (Loss) Available to Common Stockholders, Basic

Erroneous Compensation Analysis
Erroneous Compensation Analysis [Text Block]

Interest and fee income on Emerald Advance®
Interest and Fee Income on Emerald Advance [Member]
Interest and Fee Income on Emerald Advance [Member]

Other comprehensive income (loss)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

Line of Credit Facility [Line Items]
Line of Credit Facility [Line Items]

Rule 10b5-1 Arrangement Terminated
Rule 10b5-1 Arrangement Terminated [Flag]

Long-term Line of Credit
Long-Term Line of Credit

Goodwill and Intangible Assets [Line Items]
Goodwill and Intangible Assets [Line Items]
Goodwill and Intangible Assets Disclosure [Line Items]

Deferred tax assets and income taxes receivable
Deferred Income Tax Assets And Income Taxes Receivable, Net
Deferred Income Tax Assets And Income Taxes Receivable, Net

Earnings Per Share, Diluted
Earnings Per Share, Diluted

Erroneously Awarded Compensation Recovery
Erroneously Awarded Compensation Recovery [Table]

Receivables, less allowance for credit losses of $21,173 and $55,775
Short-term
Accounts Receivable, after Allowance for Credit Loss, Current

Title of 12(b) Security
Title of 12(b) Security

Impaired, non-accrual status term
Impaired Non Accrual Status Term
Impaired Non Accrual Status Term

Treasury stock, shares (in shares)
Treasury Stock, Common, Shares

POM maximum per tax return
POM Maximum per Tax Return
POM Maximum per Tax Return

Earnings Per Share [Abstract]
Earnings Per Share [Abstract]

Noncompete agreements
Noncompete Agreements
Noncompete Agreements [Member]

Net loss from discontinued operations, net of tax benefits of $178, $286, $313, and $631
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

Refund Transfers
Refund Transfer Revenues [Member]
Refund Transfer Revenues [Member]

Deferred Type [Domain]
Deferred Type [Domain]
[Domain] for Deferred Type [Axis]

Repurchase and retirement of common shares
Stock Repurchased and Retired During Period, Value

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year

Royalties and other receivables from franchisees
Royalties From Franchisees [Member]
Royalties from Franchisees [Member]

Acquisition of treasury shares (in shares)
Treasury Stock, Shares, Acquired

Income taxes paid, net (includes payments for purchased investment tax credits)
Income Taxes Paid, Net

Prior year and before
Prior Year Of Origination and Before [Member]
Prior Year Of Origination and Before [Member]

Estimated amortization, 2024
Finite-Lived Intangible Asset, Expected Amortization, Year Two

Award Timing Disclosures [Line Items]

Accrued salaries, wages and payroll taxes
Employee-related Liabilities, Current

Maximum borrowing capacity
Line of Credit Facility, Current Borrowing Capacity

Trade name
Trade Names [Member]

Deferred Revenue
Deferred Revenue [Member]
Deferred Revenue [Member]

Maximum quarterly debt-to-EBITDA ratio
Debt Instrument, Covenant, Quarterly Debt To EBITDA Ratio
Debt Instrument, Covenant, Quarterly Debt To EBITDA Ratio

NET LOSS
Net loss
Net Income (Loss) Attributable to Parent

Expiration Date
Trading Arrangement Expiration Date

Other Commitments [Domain]
Other Commitments [Domain]

Allowance for Doubtful Accounts [Roll Forward]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]

Property and equipment, at cost, less accumulated depreciation and amortization of $864,506 and $828,744
Property, Plant and Equipment, Net

Amounts deferred
Contract with Customer, Liability, Amount Deferred
Contract with Customer, Liability, Amount Deferred

Segment Reporting Information [Line Items]
Segment Reporting Information [Line Items]

Adoption Date
Trading Arrangement Adoption Date

Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income [Text Block]

Receivables
Increase (Decrease) in Accounts Receivable

Entity Current Reporting Status
Entity Current Reporting Status

Awards Close in Time to MNPI Disclosures
Awards Close in Time to MNPI Disclosures [Table]

Customer relationships
Customer Relationships
Customer Relationships [Member]

Retained earnings (deficit)
Retained Earnings (Accumulated Deficit)

Statement of Financial Position [Abstract]
Statement of Financial Position [Abstract]

Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]

Executive Category:
Executive Category [Axis]

Proceeds from Issuance of Long-Term Debt
Proceeds from Issuance of Long-Term Debt

Current Fiscal Year End Date
Current Fiscal Year End Date

Finite-Lived Intangible Assets, Major Class Name [Domain]
Finite-Lived Intangible Assets, Major Class Name [Domain]

Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table
Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]

Other income (expense), net
Other income (expense), net
Other Nonoperating Income (Expense)

Statement [Table]
Statement [Table]

Long-term
Accounts Receivable, after Allowance for Credit Loss, Noncurrent

Adjustments to reconcile net loss to net cash used in operating activities:
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]

Equity Awards Adjustments, Excluding Value Reported in Compensation Table
Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]

Beginning Balances, (in shares)
Ending Balances, (in shares)
Shares, Issued

Contract with Customer, Liability
Contract with Customer, Liability
Deferred revenue
Contract with Customer, Liability

Investment Tax Credit
Investment Tax Credit

Unrecognized tax benefits
Unrecognized Tax Benefits

Antidilutive securities excluded from computation of earnings per share, amount (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

All Adjustments to Compensation
All Adjustments to Compensation [Member]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]

Accounts payable and accrued expenses
Accounts Payable and Accrued Liabilities, Current

Amendment Flag
Amendment Flag

Field wages
Salary and Wage, Excluding Cost of Good and Service Sold

Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Other Commitments [Table]
Other Commitments [Table]

Termination Date
Trading Arrangement Termination Date

Net cash provided by financing activities
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation

Insider Trading Policies and Procedures Adopted
Insider Trading Policies and Procedures Adopted [Flag]

Measure:
Measure [Axis]

Deferred tax liabilities and reserves for uncertain tax positions
Liability for Uncertainty in Income Taxes, Noncurrent

Deferred Wages
Deferred Wages [Member]
Deferred Wages [Member]

Receivable Type [Domain]
Receivable [Domain]

Basic weighted average common shares (in shares)
Weighted Average Number of Shares Outstanding, Basic

Deferred taxes
Deferred Income Tax Expense (Benefit) Including Discontinued Operations
Deferred Income Tax Expense (Benefit) Including Discontinued Operations

Computations of Basic And Diluted Earnings Per Share
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Segment Reporting [Abstract]

Software receivables from retailers
Software Receivable from Retailers [Member]
Software Receivable from Retailers [Member]

Costs of revenues
Cost of Revenue

Pay vs Performance Disclosure, Table
Pay vs Performance [Table Text Block]

Debt Disclosure [Abstract]
Debt Disclosure [Abstract]

Forgone Recovery due to Violation of Home Country Law, Amount
Forgone Recovery due to Violation of Home Country Law, Amount

Entity Tax Identification Number
Entity Tax Identification Number

OPERATING EXPENSES:
Costs and Expenses [Abstract]

Accounts Receivable, Allowance for Credit Loss, Writeoff
Charge-offs, recoveries and other
Accounts Receivable, Allowance for Credit Loss, Writeoff

Forgone Recovery due to Expense of Enforcement, Amount
Forgone Recovery due to Expense of Enforcement, Amount

Common stock, stated value per share (in usd per share)
Common Stock, Par or Stated Value Per Share

Common stock, shares issued (in shares)
Common Stock, Shares, Issued

GOODWILL AND INTANGIBLE ASSETS
Goodwill and Intangible Assets Disclosure [Text Block]

Management Estimates
Use of Estimates, Policy [Policy Text Block]

Dividends paid
Payments of Dividends

Occupancy
Occupancy, Net

Schedule of Goodwill
Schedule of Goodwill [Table Text Block]

Trading Arrangement:
Trading Arrangement [Axis]

Income tax receivables, accrued income taxes and income tax reserves
Increase (Decrease) in Income Taxes Payable

Total Shareholder Return Amount
Total Shareholder Return Amount

Loss Contingencies [Line Items]
Loss Contingencies [Line Items]

Change in foreign currency translation adjustments
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax

Insider Trading Arrangements [Line Items]

Security Exchange Name
Security Exchange Name

Payments from franchisees
Proceeds from Collection of Franchise Loans Receivable
Proceeds from Collection of Franchise Loans Receivable

Total liabilities
Liabilities

Discontinued Operations
Interest Expense Allocated to Discontinued Operation [Policy Text Block]

Aggregate principal amount
Line of Credit Facility, Maximum Borrowing Capacity

Purchase Commitment, Remaining Minimum Amount Committed
Purchase Commitment, Remaining Minimum Amount Committed

Pension Adjustments Prior Service Cost
Pension Adjustments Prior Service Cost [Member]

Material Terms of Trading Arrangement
Material Terms of Trading Arrangement [Text Block]

Deferred revenue and other current liabilities
Other Liabilities, Current

Assisted tax preparation
Tax Preparation Fees [Member]
Tax Preparation Fees [Member]

Statement [Line Items]
Statement [Line Items]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]

Rule 10b5-1 Arrangement Adopted
Rule 10b5-1 Arrangement Adopted [Flag]

Cash and cash equivalents
Cash and Cash Equivalent

Schedule of Receivables Based On Year of Origination
Schedule of Receivables Based on Year of Origination [Table Text Block]
Schedule of Receivables Based on Year of Origination [Table Text Block]

Common Stock
Common Stock [Member]

Entity Incorporation, State or Country Code
Entity Incorporation, State or Country Code

Non-NEOs
Non-NEOs [Member]

Schedule of Litigation and Related Contingencies [Table]
Schedule of Litigation and Related Contingencies [Table]
Schedule of Litigation and Related Contingencies [Table]

Net decrease in cash and cash equivalents, including restricted balances
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation

Potential dilutive shares (in shares)
Weighted Average Number of Shares Outstanding, Diluted, Adjustment



Document
Exhibit 31.1

CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Curtis A. Campbell, Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of H&R Block, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: February 5, 2026 /s/ Curtis A. Campbell
Curtis A. Campbell
Chief Executive Officer
H&R Block, Inc.

Document
Exhibit 31.2

CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Tiffany L. Mason, Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of H&R Block, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: February 5, 2026 /s/ Tiffany L. Mason
Tiffany L. Mason
Chief Financial Officer
H&R Block, Inc.

Document
Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    In connection with the quarterly report of H&R Block, Inc. (the “Company”) on Form 10‑Q for the fiscal quarter ended December 31, 2025 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Curtis A. Campbell, Chief Executive Officer of the Company, certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Curtis A. Campbell
Curtis A. Campbell
Chief Executive Officer
H&R Block, Inc.
February 5, 2026

Document
Exhibit 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    In connection with the quarterly report of H&R Block, Inc. (the “Company”) on Form 10‑Q for the fiscal quarter ended December 31, 2025 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Tiffany L. Mason, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Tiffany L. Mason
Tiffany L. Mason
Chief Financial Officer
H&R Block, Inc.
February 5, 2026