SEC EDGAR · 10-Q
10-Q – 2026-05-06 – R12.htm
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- LOANS TO FRANCHISEES – Franchisee loan balances consist of term loans made primarily to finance the purchase of franchises and revolving lines of credit primarily for the purpose of funding working capital needs. Loans with a principal balance more than 90 days past due or on non-accrual status were $3.0 million and $3.1 million as of March 31, 2026 and June 30, 2025, respectively. | H&R BLOCK'S INSTANT REFUND ® – H&R Block's Instant Refund® amounts are generally received from the Canada Revenue Agency within 60 days of filing the client's return, with the remaining balance collectible from the client. | We review the credit quality of our Instant Refund receivables based on pools, which are segregated by the tax return year of origination, with older years being deemed more unlikely to be repaid. We establish an allowance for credit losses at an amount that we believe reflects the receivable at net realizable value. In December of each year, we charge-off the receivables and the related allowance to an amount we believe represents the net realizable value.
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XML 24 R12.htm IDEA: XBRL DOCUMENT v3.26.1 RECEIVABLES 9 Months Ended Mar. 31, 2026 Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract] RECEIVABLES NOTE 4: RECEIVABLES Receivables, net of their related allowance, consist of the following: (in 000s) As of March 31, 2026 June 30, 2025 Short-term Long-term Short-term Long-term Loans to franchisees $ 16,438 $ 11,349 $ 7,386 $ 16,402 Receivables for U.S. assisted and DIY tax preparation and related fees 179,870 11,250 15,896 6,361 H&R Block's Instant Refund® receivables 17,294 789 2,243 939 Emerald Advance® 20,101 24,219 13,899 22,816 Software receivables from retailers 7,313 — 2,582 — Royalties and other receivables from franchisees 33,671 — 4,414 — Wave payment processing receivables 6,274 — 1,533 — Other 16,675 597 15,668 498 Total $ 297,636 $ 48,204 $ 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 March 31, 2026 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 March 31, 2026 are as foll ows: (in 000s) Tax return year of origination Balance More Than 60 Days Past Due 2025 $ 17,482 $ 79 2024 and prior 1,163 1,163 18,645 $ 1,242 Allowance (562) Net balance $ 18,083 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 March 31, 2026 are as follows: (in 000s) Fiscal year of origination Balance Non-Accrual 2026 $ 35,495 $ — 2025 and prior 26,403 26,403 61,898 $ 26,403 Allowance (17,578) Net balance $ 44,320 ALLOWANCE FOR CREDIT LOSSES – Activity in the allowance for credit losses for EA and all other short-term and long-term receivables for the nine months ended March 31, 2026 and 2025 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 17,578 39,945 57,523 Charge-offs, recoveries and other (19,663) (44,803) (64,466) Balances as of March 31, 2026 $ 17,578 $ 40,298 $ 57,876 Balances as of July 1, 2024 $ 33,536 $ 45,327 $ 78,863 Provision for credit losses 19,371 36,671 56,042 Charge-offs, recoveries and other (33,536) (45,864) (79,400) Balances as of March 31, 2025 $ 19,371 $ 36,134 $ 55,505 For the nine months ended March 31, 2026, there were $19.7 million of gross charge-offs related to EAs which were originated in fiscal year 2025. 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