SEC EDGAR · 10-Q
10-Q – 2026-02-05 – R12.htm
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- LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. Loans with a principal balance more than 90 days past due or on non-accrual status were $3.0 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.
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XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.4 RECEIVABLES 6 Months Ended Dec. 31, 2025 Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract] RECEIVABLES NOTE 4: RECEIVABLES Receivables, net of their related allowance, consist of the following: (in 000s) As of 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 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. Balances and amounts on non-accrual status, classified as impaired, or more than 60 days past due, by tax return year of origination, as of 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 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. X - References No definition available. + Details Name: us-gaap_AccountsAndNotesReceivableUnclassifiedAbstract Namespace Prefix: us-gaap_ Data Type: xbrli:stringItemType Balance Type: na Period Type: duration X - Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. 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