SEC EDGAR · 10-Q

10-Q – 2026-02-05 – R23.htm

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v3.25.4

RECEIVABLES (Tables)

6 Months Ended

Dec. 31, 2025

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

Schedule of Short-Term 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 

Schedule of Receivables Based On Year of Origination
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  

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  

Schedule of Activity in 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 

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