SEC filing – odaterad – Financial_Report.xlsx

===== BLAD: Cover =====

Cover - shares	6 Months Ended
	Dec. 31, 2024	Jan. 31, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31,  2024
Document Transition Report	false
Entity File Number	1-06089
Entity Registrant Name	H&R Block, Inc.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	44-0607856
Entity Address, Address Line One	One H&R Block Way
Entity Address, City or Town	Kansas City
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64105
City Area Code	816
Local Phone Number	854-3000
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	HRB
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000012659
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding	 	133849262


===== BLAD: CONSOLIDATED STATEMENTS OF OPER =====

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
REVENUES:
Total revenues	179070	179083	372880	362883
OPERATING EXPENSES:
Costs of revenues	314209	299827	583790	559185
Selling, general and administrative	158152	146688	310712	277456
Total operating expenses	472361	446515	894502	836641
Other income (expense), net	2744	5922	14661	15758
Interest expense on borrowings	-21752	-21364	-37599	-37234
Loss from continuing operations before income tax benefit	-312299	-282874	-544560	-495234
Income tax benefit	-69833	-93758	-130673	-143245
Net loss from continuing operations	-242466	-189116	-413887	-351989
Net loss from discontinued operations, net of tax benefits of $286, $191, $631 and $373	-954	-639	-2109	-1248
NET LOSS	-243420	-189755	-415996	-353237
BASIC AND DILUTED LOSS PER SHARE:
Continuing operations	-1.79	-1.33	-3.02	-2.44
Diluted	-1.79	-1.33	-3.02	-2.44
Discontinued operations	-0.01	0	-0.01	-0.01
Consolidated	-1.8	-1.33	-3.03	-2.45
Dividends declared per share (in usd per share)	0.375	0.32	0.75	0.64
COMPREHENSIVE LOSS:
Net loss	-243420	-189755	-415996	-353237
Change in foreign currency translation adjustments	-29034	11559	-22917	645
Other comprehensive income (loss)	-29034	11559	-22917	645
Comprehensive loss	-272454	-178196	-438913	-352592
Service revenues
REVENUES:
Total revenues	152968	149081	334739	320807
Royalty, product and other revenues
REVENUES:
Total revenues	26102	30002	38141	42076


===== BLAD: CONSOLIDATED STATEMENTS OF OP_2 =====

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Discontinued Operation, Tax Effect of Discontinued Operation	286	191	631	373


===== BLAD: CONSOLIDATED BALANCE SHEETS =====

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
ASSETS
Cash and cash equivalents	320051	1053326
Cash and cash equivalents - restricted	21473	21867
Receivables, less allowance for credit losses of $20,025 and $61,182	321171	69075
Prepaid expenses and other current assets	114658	95208
Total current assets	777353	1239476
Property and equipment, at cost, less accumulated depreciation and amortization of $849,691 and $838,814	143833	131319
Operating lease right of use assets	389629	461986
Intangible assets, net	270601	264102
Goodwill	783286	785226
Deferred tax assets and income taxes receivable	281694	271658
Other noncurrent assets	65924	65043
Total assets	2712320	3218810
LIABILITIES:
Accounts payable and accrued expenses	136893	155830
Accrued salaries, wages and payroll taxes	64993	105548
Accrued income taxes and reserves for uncertain tax positions	149255	318830
Current portion of long-term debt	349611	0
Operating lease liabilities	170726	206070
Deferred revenue and other current liabilities	187885	191050
Total current liabilities	1059363	977328
Long-term debt and line of credit borrowings	1932545	1491095
Deferred tax liabilities and reserves for uncertain tax positions	292643	291063
Operating lease liabilities	228041	265373
Deferred revenue and other noncurrent liabilities	72188	103357
Total liabilities	3584780	3128216
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, no par, stated value $0.01 per share, 800,000,000 shares authorized, shares issued of 164,367,434 and 170,915,771	1644	1709
Additional paid-in capital	752093	762583
Accumulated other comprehensive loss	-71762	-48845
Retained earnings (deficit)	-908785	12654
Less treasury shares, at cost, of 30,522,962 and 31,324,609	-645650	-637507
Total stockholders' equity (deficiency)	-872460	90594
Total liabilities and stockholders' equity	2712320	3218810
Treasury stock, shares (in shares)	30522962	31324609


===== BLAD: CONSOLIDATED BALANCE SHEETS (Pa =====

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	20025	61182
Accumulated depreciation and amortization	849691	838814
Common stock, stated value per share (in usd per share)	0.01	0.01
Common stock, shares authorized (in shares)	800000000	800000000
Common stock, shares issued (in shares)	164367434	170915771
Treasury stock, shares (in shares)	30522962	31324609


===== BLAD: CONSOLIDATED STATEMENTS OF CASH =====

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	-189755	-415996	-353237
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	 	58026	60331
Provision for credit losses	 	20727	21536
Deferred taxes	 	-1531	-35525
Stock-based compensation	 	17945	17525
Changes in assets and liabilities, net of acquisitions:
Receivables	 	-262348	-348833
Prepaid expenses, other current and noncurrent assets	 	2588	-7395
Accounts payable, accrued expenses, salaries, wages and payroll taxes	 	-76806	-58543
Deferred revenue, other current and noncurrent liabilities	 	-45170	-58520
Income tax receivables, accrued income taxes and income tax reserves	 	-192340	-180706
Other, net	 	-733	1201
Net cash used in operating activities	 	-895638	-942166
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	 	-49115	-32708
Payments made for business acquisitions, net of cash acquired	 	-28017	-27158
Franchise loans funded	 	-17442	-15491
Payments from franchisees	 	971	2747
Other, net	 	6110	1565
Net cash used in investing activities	 	-87493	-71045
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of Long-Term Lines of Credit	 	-100000	-25000
Proceeds from Long-Term Lines of Credit	 	890000	825000
Dividends paid	 	-96960	-89854
Repurchase of common stock, including shares surrendered	 	-436233	-378709
Other, net	 	1791	4011
Net cash provided by financing activities	 	258598	335448
Effects of exchange rate changes on cash	 	-9136	671
Net decrease in cash and cash equivalents, including restricted balances	 	-733669	-677092
Cash, cash equivalents and restricted cash, beginning of period	 	1075193	1015316
Cash, cash equivalents and restricted cash, end of period	338224	341524	338224
SUPPLEMENTARY CASH FLOW DATA:
Income taxes paid, net (includes payments for purchased investment tax credits)	72160	62290
Interest paid on borrowings	35496	33412
Accrued additions to property and equipment	4036	3798
New operating right of use assets and related lease liabilities	70532	47135
Accrued dividends payable to common shareholders	45273	50176	45273


===== BLAD: CONSOLIDATED STATEMENT OF STOCK =====

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss(1)		Retained Earnings (Deficit)	Treasury Stock, Common
Beginning Balances, (in shares) at Jun. 30, 2023		 	178936000	 	 		 	32786000
Beginning Balances, Value at Jun. 30, 2023		32064	1789	770376	-37099	[1]	-48677	-654325
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-163482	 	 	 		-163482
Other comprehensive income (loss)		-10914	 	 	-10914	[1]
Stock-based compensation		6211	 	6211
Stock-based awards exercised or vested		-98	 	-34226	 		-3220	37348
Stock-based awards exercised or vested (in shares)		 	 	 	 		 	1867000
Acquisition of treasury shares (in shares)	[2]	 	 	 	 		 	-823000
Acquisition of treasury shares(2)	[2]	-28464	 	 	 		 	-28464
Repurchase and retirement of common shares (in shares)		 	-3265000
Repurchase and retirement of common shares		-133300	-32	-1927	 		-131341
Cash dividends declared - $0.38 per share		-46901	 	 	 		-46901
Ending Balances, (in shares) at Sep. 30, 2023		 	175671000	 	 		 	31742000
Ending Balances, Value at Sep. 30, 2023		-344884	1757	740434	-48013	[1]	-393621	-645441
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.32
Beginning Balances, (in shares) at Jun. 30, 2023		 	178936000	 	 		 	32786000
Beginning Balances, Value at Jun. 30, 2023		32064	1789	770376	-37099	[1]	-48677	-654325
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-353237
Ending Balances, (in shares) at Dec. 31, 2023		 	170916000	 	 		 	31397000
Ending Balances, Value at Dec. 31, 2023		-772652	1709	746734	-36454		-846162	-638479
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.64
Stock-based compensation		17500
Beginning Balances, (in shares) at Sep. 30, 2023		 	175671000	 	 		 	31742000
Beginning Balances, Value at Sep. 30, 2023		-344884	1757	740434	-48013	[1]	-393621	-645441
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-189755	 	 	 		-189755
Other comprehensive income (loss)		11559	 	 	11559
Stock-based compensation		9270	 	9270
Stock-based awards exercised or vested		6876	 	-165	 		-46	7087
Stock-based awards exercised or vested (in shares)		 	 	 	 		 	348000
Acquisition of treasury shares (in shares)		 	 	 	 		 	-3000
Acquisition of treasury shares(2)		-125	 	 	 		 	-125
Repurchase and retirement of common shares (in shares)		 	-4755000
Repurchase and retirement of common shares		-220320	-48	-2805	 		-217467
Cash dividends declared - $0.38 per share		-45273	 	 	 		-45273
Ending Balances, (in shares) at Dec. 31, 2023		 	170916000	 	 		 	31397000
Ending Balances, Value at Dec. 31, 2023		-772652	1709	746734	-36454		-846162	-638479
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.32
Stock-based compensation		9900
Beginning Balances, (in shares) at Jun. 30, 2024		 	170916000	 	 		 	31325000
Beginning Balances, Value at Jun. 30, 2024		90594	1709	762583	-48845	[1]	12654	-637507
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-172576	 	 	 		-172576
Other comprehensive income (loss)		6117	 	 	6117	[1]
Stock-based compensation		7463	 	7463
Stock-based awards exercised or vested		247	 	-23990	 		-2611	26848
Stock-based awards exercised or vested (in shares)		 	 	 	 		 	1319000
Acquisition of treasury shares (in shares)	[2]	 	 	 	 		 	-567000
Acquisition of treasury shares(2)	[2]	-35882	 	 	 		 	-35882
Repurchase and retirement of common shares (in shares)		 	-3301000
Repurchase and retirement of common shares		-211721	-33	-1980	 		-209708
Cash dividends declared - $0.38 per share		-52307	 	 	 		-52307
Ending Balances, (in shares) at Sep. 30, 2024		 	167615000	 	 		 	30573000
Ending Balances, Value at Sep. 30, 2024		-368065	1676	744076	-42728	[1]	-424548	-646541
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.375
Beginning Balances, (in shares) at Jun. 30, 2024		 	170916000	 	 		 	31325000
Beginning Balances, Value at Jun. 30, 2024		90594	1709	762583	-48845	[1]	12654	-637507
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-415996
Ending Balances, (in shares) at Dec. 31, 2024		 	164367000	 	 		 	30523000
Ending Balances, Value at Dec. 31, 2024		-872460	1644	752093	-71762	[1]	-908785	-645650
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.75
Stock-based compensation		17900
Beginning Balances, (in shares) at Sep. 30, 2024		 	167615000	 	 		 	30573000
Beginning Balances, Value at Sep. 30, 2024		-368065	1676	744076	-42728	[1]	-424548	-646541
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		-243420	 	 	 		-243420
Other comprehensive income (loss)		-29034	 	 	-29034	[1]
Stock-based compensation		9156	 	9156
Stock-based awards exercised or vested		1709	 	810	 		-245	1144
Stock-based awards exercised or vested (in shares)		 	 	 	 		 	54000
Acquisition of treasury shares (in shares)		 	 	 	 		 	-4000
Acquisition of treasury shares(2)		-253	 	 	 		 	-253
Repurchase and retirement of common shares (in shares)		 	-3248000
Repurchase and retirement of common shares		-192377	-32	-1949	 		-190396
Cash dividends declared - $0.38 per share		-50176	 	 	 		-50176
Ending Balances, (in shares) at Dec. 31, 2024		 	164367000	 	 		 	30523000
Ending Balances, Value at Dec. 31, 2024		-872460	1644	752093	-71762	[1]	-908785	-645650
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared per share (in usd per share)		0.375
Stock-based compensation		9200
[1] The balance of our accumulated other comprehensive loss consists of foreign currency translation adjustments. Represents shares swapped or surrendered to us in connection with the vesting or exercise of stock-based awards.


===== BLAD: CONSOLIDATED STATEMENT OF STO_2 =====

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in usd per share)	0.375	0.375	0.32	0.32	0.75	0.64


===== BLAD: SUMMARY OF SIGNIFICANT ACCOUNTI =====

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION – The consolidated balance sheets as of December 31, 2024 and June 30, 2024, the consolidated statements of operations and comprehensive loss for the three and six months ended December 31, 2024 and 2023, the consolidated statements of cash flows for the six months ended December 31, 2024 and 2023, and the consolidated statements of stockholders' equity for the three and six months ended December 31, 2024 and 2023 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, 2024 and 2023 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, 2024 Annual Report on Form 10-K. All amounts presented herein as of June 30, 2024 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.


===== BLAD: REVENUE RECOGNITION =====

REVENUE RECOGNITION	6 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	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, 2024 2023 2024 2023 Revenues: U.S. assisted tax preparation $ 48,380 $ 48,342 $ 91,343 $ 87,605 U.S. royalties 3,499 5,454 9,351 11,155 U.S. DIY tax preparation 13,744 13,111 16,980 16,959 Refund Transfers 637 813 1,497 1,955 Peace of Mind® Extended Service Plan 16,145 17,440 39,242 42,287 Tax Identity Shield® 4,013 4,694 7,922 9,274 Emerald Card® and Spruce SM 10,148 11,700 18,974 20,333 Interest and fee income on Emerald Advance® 12,308 15,235 12,308 15,533 International 31,811 29,569 96,666 90,134 Wave 26,561 23,133 52,964 47,076 Other 11,824 9,592 25,633 20,572 Total revenues $ 179,070 $ 179,083 $ 372,880 $ 362,883 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, 2024 2023 2024 2023 Balance, beginning of the period $ 156,610 $ 167,257 $ 20,212 $ 21,828 Amounts deferred 3,209 3,601 15 8 Amounts recognized on previous deferrals (46,962) (48,995) (6,092) (5,590) Balance, end of the period $ 112,857 $ 121,863 $ 14,135 $ 16,246 As of December 31, 2024, deferred revenue related to POM was $112.9 million. We expect that $83.0 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, 2024 and 2023, Tax Identity Shield® (TIS) deferred revenue was $14.1 million and $16.5 million, respectively. Deferred revenue related to TIS was $21.4 million and $25.2 million as of June 30, 2024 and 2023, respectively. All deferred revenue related to TIS will be recognized by April 2025.


===== BLAD: EARNINGS PER SHARE AND STOCKHOL =====

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY	6 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY	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 2.7 million shares for the three and six months ended December 31, 2024 and 3.2 million shares for the three and six months ended December 31, 2023, 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, 2024 2023 2024 2023 Net loss from continuing operations attributable to shareholders $ (242,466) $ (189,116) $ (413,887) $ (351,989) Amounts allocated to participating securities (240) (192) (469) (369) Net loss from continuing operations attributable to common shareholders $ (242,706) $ (189,308) $ (414,356) $ (352,358) Basic weighted average common shares 135,563 142,340 137,359 144,307 Potential dilutive shares — — — — Dilutive weighted average common shares 135,563 142,340 137,359 144,307 Loss per share from continuing operations attributable to common shareholders: Basic $ (1.79) $ (1.33) $ (3.02) $ (2.44) Diluted (1.79) (1.33) (3.02) (2.44) The decrease in the weighted average shares outstanding is due to share repurchases completed in the current and prior fiscal years. STOCK-BASED COMPENSATION


===== BLAD: RECEIVABLES =====

RECEIVABLES	6 Months Ended
	Dec. 31, 2024
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, 2024 June 30, 2024 Short-term Long-term Short-term Long-term Loans to franchisees $ 19,764 $ 20,861 $ 5,917 $ 16,498 Receivables for U.S. assisted and DIY tax preparation and related fees 9,823 5,440 18,440 5,332 H&R Block's Instant Refund® receivables 1,375 184 2,947 207 Emerald Advance® 266,110 23,643 17,867 21,360 Software receivables from retailers 2,073 — 1,029 — Royalties and other receivables from franchisees 6,955 — 5,808 — Wave payment processing receivables 693 — 1,078 — Other 14,378 659 15,989 427 Total $ 321,171 $ 50,787 $ 69,075 $ 43,824 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. As of December 31, 2024 and June 30, 2024, loans with a principal balance more than 90 days past due or on non-accrual status were $2.2 million and $1.1 million, 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, 2024 are as foll ows: (in 000s) Tax return year of origination Balance More Than 60 Days Past Due 2023 $ 375 $ 316 2022 and prior 1,184 1,184 1,559 $ 1,500 Allowance — Net balance $ 1,559 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, 2024 are as follows: (in 000s) Fiscal year of origination Balance Non-Accrual 2025 $ 270,393 $ — 2024 and prior 38,469 38,469 308,862 $ 38,469 Allowance (19,109) Net balance $ 289,753 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, 2024 and 2023 is as follows: (in 000s) EAs All Other Total 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 Balances as of July 1, 2023 $ 27,386 $ 35,108 $ 62,494 Provision for credit losses 17,885 3,651 21,536 Charge-offs, recoveries and other (27,714) (37,613) (65,327) Balances as of December 31, 2023 $ 17,557 $ 1,146 $ 18,703


===== BLAD: GOODWILL AND INTANGIBLE ASSETS =====

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	NOTE 5: GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the six months ended December 31, 2024 are as follows: (in 000s) Goodwill Accumulated Impairment Losses Net Balances as of July 1, 2024 $ 923,523 $ (138,297) $ 785,226 Acquisitions (1) 12,761 — 12,761 Disposals and foreign currency changes, net (14,701) — (14,701) Impairments — — — Balances as of December 31, 2024 $ 921,583 $ (138,297) $ 783,286 (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. Components of intangible assets are as follows: (in 000s) Gross Carrying Amount Accumulated Net As of December 31, 2024: Reacquired franchise rights $ 413,752 $ (235,650) $ 178,102 Customer relationships 350,700 (280,481) 70,219 Internally-developed software 123,495 (122,332) 1,163 Noncompete agreements 22,807 (19,857) 2,950 Purchased technology 70,100 (54,543) 15,557 Trade name 5,800 (3,190) 2,610 $ 986,654 $ (716,053) $ 270,601 As of June 30, 2024: Reacquired franchise rights $ 403,955 $ (228,157) $ 175,798 Customer relationships 331,435 (270,245) 61,190 Internally-developed software 122,673 (119,610) 3,063 Noncompete agreements 21,977 (19,494) 2,483 Purchased technology 70,100 (51,432) 18,668 Trade name 5,800 (2,900) 2,900 $ 955,940 $ (691,838) $ 264,102 We made payments to acquire businesses totaling $28.0 million and $27.2 million during the six months ended December 31, 2024 and 2023, respectively. The amounts and weighted-average lives of intangible assets acquired during the six months e nded December 31, 2024, including amounts capitalized related to internally-developed software, a re as follows: (dollars in 000s) Amount Weighted-Average Life (in years) Customer relationships $ 19,705 5 Reacquired franchise rights 9,983 6 Internally-developed software 1,027 3 Noncompete agreements 871 5 Total $ 31,586 5 Amortization of intangible assets for the three and six months ended December 31, 2024 was $12.1 million and $25.0 million, respectively, compared to $15.4 million and $31.2 million for the three and six months ended December 31, 2023. Estimated amortization of intangible assets for fiscal years ending June 30, 2025, 2026, 2027, 2028, and 2029 is $47.0 million, $39.9 million, $33.1 million, $24.9 million and $16.5 million, respectively.


===== BLAD: LONG-TERM DEBT =====

LONG-TERM DEBT	6 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	NOTE 6: LONG-TERM DEBT The components of long-term debt are as follows: (in 000s) As of December 31, 2024 June 30, 2024 Senior Notes, 5.250%, due October 2025 $ 350,000 $ 350,000 Senior Notes, 2.500%, due July 2028 500,000 500,000 Senior Notes, 3.875%, due August 2030 650,000 650,000 Committed line of credit borrowings 790,000 — Debt issuance costs and discounts (7,844) (8,905) Total long-term debt 2,282,156 1,491,095 Less: Current portion (349,611) — Long-term portion $ 1,932,545 $ 1,491,095 Estimated fair value of long-term debt $ 2,193,000 $ 1,391,000 Our unsecured committed line of credit (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 CLOC will mature on June 11, 2026, unless extended pursuant to the terms of the CLOC, at which time all outstanding amounts thereunder will be due and payable. Our CLOC includes an annual facility fee, which will vary depending on our then current credit ratings. The 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 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 CLOC includes provisions for an equity cure which could potentially allow us to independently cure certain defaults. Proceeds under the 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, 2024. We had an outst anding balance of $790.0 million u


===== BLAD: INCOME TAXES =====

INCOME TAXES	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	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. We had gross unrecognized tax benefits of $244.1 million and $251.8 million as of December 31, 2024 and June 30, 2024, respectively. The gross unrecognized tax benefits decreased by $7.7 million during the six months ended December 31, 2024. We believe it is reasonably possible that the balance of unrecognized tax benefits could decrease by approximately $148.4 million within the next twelve months. The anticipated decrease is due to the expiration of statutes of limitations, anticipated closure of various tax matters currently under examination, and settlements with tax authorities. For such matters where a change in the balance of unrecognized tax benefits is not yet deemed reasonably possible, no estimate has been included. Our effective tax rate for continuing operations, including the effects of discrete tax items, was 24.0% and 28.9% for the six months ended December 31, 2024 and 2023, respectively. Discrete items increased the effective tax rate by 0.3% and 5.4% for the six months ended December 31, 2024, and 2023, respectively. Discrete income tax benefits of $1.5 million and $26.6 million were recorded in the six months ended December 31, 2024 and 2023, respectively. The discrete tax benefit recorded in the current period primarily resulted from investment tax credit purchases. The discrete tax benefit recorded in the prior period primarily resulted from settlements with taxing authorities and state statute of limitations expirations. The impact of discrete tax items combined with the seasonal nature of our business can cause the effective tax rate in our second quarter to be significantly different than the rate for our full fiscal year.


===== BLAD: COMMITMENTS AND CONTINGENCIES =====

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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. DIY tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client up to a maximum of $10,000 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 $9.7 million and $14.1 million as of December 31, 2024 and June 30, 2024, 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 $38.3 million and $26.9 million as of December 31, 2024 and June 30, 2024 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 $20.9 million at December 31, 2024, and net of amounts drawn and outstanding, our remaining commitment to fund totaled $5.8 million.


===== BLAD: LITIGATION AND OTHER RELATED CO =====

LITIGATION AND OTHER RELATED CONTINGENCIES	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
LITIGATION AND OTHER RELATED CONTINGENCIES	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 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, 2024. 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 $11.1 million and $7.2 million as of December 31, 2024 and June 30, 2024, 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, 2024, 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 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. Related to one of these matters, on February 23, 2024, the Federal Trade Commission (FTC) filed an administrative complaint before the FTC alleging unfair or deceptive business acts or practices in connection with certain aspects of our DIY tax preparation services. A hearing before an administrative law judge (ALJ) of the FTC was scheduled to begin on October 23, 2024. We filed a complaint in federal court in the Western District of Missouri challenging the constitutionality of the ALJ’s removal protections and seeking to enjoin the ALJ’s participation in the adjudication of the matter. The federal court denied our motion for a preliminary injunction on August 1, 2024. We filed an appeal with the Eighth Circuit Court of Appeals. On October 21, 2024, we entered into a Consent Agreement to resolve the allegations of the complaint through a Decision and Order, which became final and effective on January 8, 2025. The complaint filed in the Missouri federal court and the corresponding appeal were subsequently dismissed by consent of the parties. An accrual related to these matters is included in our loss contingency accrual.


===== BLAD: Pay vs Performance Disclosure =====

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net loss	-243420	-172576	-189755	-163482	-415996	-353237


===== BLAD: Insider Trading Arrangements =====

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false


===== BLAD: SUMMARY OF SIGNIFICANT ACCOUN_2 =====

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	The consolidated balance sheets as of December 31, 2024 and June 30, 2024, the consolidated statements of operations and comprehensive loss for the three and six months ended December 31, 2024 and 2023, the consolidated statements of cash flows for the six months ended December 31, 2024 and 2023, and the consolidated statements of stockholders' equity for the three and six months ended December 31, 2024 and 2023 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, 2024 and 2023 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, 2024 Annual Report on Form 10-K. All amounts presented herein as of June 30, 2024 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.
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.


===== BLAD: REVENUE RECOGNITION (Tables) =====

REVENUE RECOGNITION (Tables)	6 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Service Line	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, 2024 2023 2024 2023 Revenues: U.S. assisted tax preparation $ 48,380 $ 48,342 $ 91,343 $ 87,605 U.S. royalties 3,499 5,454 9,351 11,155 U.S. DIY tax preparation 13,744 13,111 16,980 16,959 Refund Transfers 637 813 1,497 1,955 Peace of Mind® Extended Service Plan 16,145 17,440 39,242 42,287 Tax Identity Shield® 4,013 4,694 7,922 9,274 Emerald Card® and Spruce SM 10,148 11,700 18,974 20,333 Interest and fee income on Emerald Advance® 12,308 15,235 12,308 15,533 International 31,811 29,569 96,666 90,134 Wave 26,561 23,133 52,964 47,076 Other 11,824 9,592 25,633 20,572 Total revenues $ 179,070 $ 179,083 $ 372,880 $ 362,883
Schedule of Deferred Revenue Related To The Peace of Mind Program	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, 2024 2023 2024 2023 Balance, beginning of the period $ 156,610 $ 167,257 $ 20,212 $ 21,828 Amounts deferred 3,209 3,601 15 8 Amounts recognized on previous deferrals (46,962) (48,995) (6,092) (5,590) Balance, end of the period $ 112,857 $ 121,863 $ 14,135 $ 16,246


===== BLAD: EARNINGS PER SHARE AND STOCKH_2 =====

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Computations of Basic And Diluted Earnings Per Share	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, 2024 2023 2024 2023 Net loss from continuing operations attributable to shareholders $ (242,466) $ (189,116) $ (413,887) $ (351,989) Amounts allocated to participating securities (240) (192) (469) (369) Net loss from continuing operations attributable to common shareholders $ (242,706) $ (189,308) $ (414,356) $ (352,358) Basic weighted average common shares 135,563 142,340 137,359 144,307 Potential dilutive shares — — — — Dilutive weighted average common shares 135,563 142,340 137,359 144,307 Loss per share from continuing operations attributable to common shareholders: Basic $ (1.79) $ (1.33) $ (3.02) $ (2.44) Diluted (1.79) (1.33) (3.02) (2.44)


===== BLAD: RECEIVABLES (Tables) =====

RECEIVABLES (Tables)	6 Months Ended
	Dec. 31, 2024
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, 2024 June 30, 2024 Short-term Long-term Short-term Long-term Loans to franchisees $ 19,764 $ 20,861 $ 5,917 $ 16,498 Receivables for U.S. assisted and DIY tax preparation and related fees 9,823 5,440 18,440 5,332 H&R Block's Instant Refund® receivables 1,375 184 2,947 207 Emerald Advance® 266,110 23,643 17,867 21,360 Software receivables from retailers 2,073 — 1,029 — Royalties and other receivables from franchisees 6,955 — 5,808 — Wave payment processing receivables 693 — 1,078 — Other 14,378 659 15,989 427 Total $ 321,171 $ 50,787 $ 69,075 $ 43,824
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, 2024 are as foll ows: (in 000s) Tax return year of origination Balance More Than 60 Days Past Due 2023 $ 375 $ 316 2022 and prior 1,184 1,184 1,559 $ 1,500 Allowance — Net balance $ 1,559 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, 2024 are as follows: (in 000s) Fiscal year of origination Balance Non-Accrual 2025 $ 270,393 $ — 2024 and prior 38,469 38,469 308,862 $ 38,469 Allowance (19,109) Net balance $ 289,753
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, 2024 and 2023 is as follows: (in 000s) EAs All Other Total 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 Balances as of July 1, 2023 $ 27,386 $ 35,108 $ 62,494 Provision for credit losses 17,885 3,651 21,536 Charge-offs, recoveries and other (27,714) (37,613) (65,327) Balances as of December 31, 2023 $ 17,557 $ 1,146 $ 18,703


===== BLAD: GOODWILL AND INTANGIBLE ASSETS  =====

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended December 31, 2024 are as follows: (in 000s) Goodwill Accumulated Impairment Losses Net Balances as of July 1, 2024 $ 923,523 $ (138,297) $ 785,226 Acquisitions (1) 12,761 — 12,761 Disposals and foreign currency changes, net (14,701) — (14,701) Impairments — — — Balances as of December 31, 2024 $ 921,583 $ (138,297) $ 783,286 (1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting.
Schedule of Intangible Assets	Components of intangible assets are as follows: (in 000s) Gross Carrying Amount Accumulated Net As of December 31, 2024: Reacquired franchise rights $ 413,752 $ (235,650) $ 178,102 Customer relationships 350,700 (280,481) 70,219 Internally-developed software 123,495 (122,332) 1,163 Noncompete agreements 22,807 (19,857) 2,950 Purchased technology 70,100 (54,543) 15,557 Trade name 5,800 (3,190) 2,610 $ 986,654 $ (716,053) $ 270,601 As of June 30, 2024: Reacquired franchise rights $ 403,955 $ (228,157) $ 175,798 Customer relationships 331,435 (270,245) 61,190 Internally-developed software 122,673 (119,610) 3,063 Noncompete agreements 21,977 (19,494) 2,483 Purchased technology 70,100 (51,432) 18,668 Trade name 5,800 (2,900) 2,900 $ 955,940 $ (691,838) $ 264,102
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	The amounts and weighted-average lives of intangible assets acquired during the six months e nded December 31, 2024, including amounts capitalized related to internally-developed software, a re as follows: (dollars in 000s) Amount Weighted-Average Life (in years) Customer relationships $ 19,705 5 Reacquired franchise rights 9,983 6 Internally-developed software 1,027 3 Noncompete agreements 871 5 Total $ 31,586 5


===== BLAD: LONG-TERM DEBT LONG-TERM DEBT ( =====

LONG-TERM DEBT LONG-TERM DEBT (Tables)	6 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Components of Long-Term Debt	The components of long-term debt are as follows: (in 000s) As of December 31, 2024 June 30, 2024 Senior Notes, 5.250%, due October 2025 $ 350,000 $ 350,000 Senior Notes, 2.500%, due July 2028 500,000 500,000 Senior Notes, 3.875%, due August 2030 650,000 650,000 Committed line of credit borrowings 790,000 — Debt issuance costs and discounts (7,844) (8,905) Total long-term debt 2,282,156 1,491,095 Less: Current portion (349,611) — Long-term portion $ 1,932,545 $ 1,491,095 Estimated fair value of long-term debt $ 2,193,000 $ 1,391,000


===== BLAD: REVENUE RECOGNITION (Disaggrega =====

REVENUE RECOGNITION (Disaggregation of Revenue by Major Service Line) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenues	179070	179083	372880	362883
Assisted tax preparation
Disaggregation of Revenue [Line Items]
Total revenues	48380	48342	91343	87605
Royalties
Disaggregation of Revenue [Line Items]
Total revenues	3499	5454	9351	11155
DIY tax preparation
Disaggregation of Revenue [Line Items]
Total revenues	13744	13111	16980	16959
International
Disaggregation of Revenue [Line Items]
Total revenues	31811	29569	96666	90134
Refund Transfers
Disaggregation of Revenue [Line Items]
Total revenues	637	813	1497	1955
Emerald Card® and SpruceSM
Disaggregation of Revenue [Line Items]
Total revenues	10148	11700	18974	20333
Peace of Mind® Extended Service Plan
Disaggregation of Revenue [Line Items]
Total revenues	16145	17440	39242	42287
Tax Identity Shield®
Disaggregation of Revenue [Line Items]
Total revenues	4013	4694	7922	9274
Interest and fee income on Emerald Advance®
Disaggregation of Revenue [Line Items]
Total revenues	12308	15235	12308	15533
Wave
Disaggregation of Revenue [Line Items]
Total revenues	26561	23133	52964	47076
Other
Disaggregation of Revenue [Line Items]
Total revenues	11824	9592	25633	20572


===== BLAD: REVENUE RECOGNITION (Deferred R =====

REVENUE RECOGNITION (Deferred Revenue) (Details) - POM - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement in Deferred Revenue [Roll Forward]
Contract with Customer, Liability	112900
Deferred Revenue
Movement in Deferred Revenue [Roll Forward]
Contract with Customer, Liability	156610	167257
Amounts deferred	3209	3601
Amounts recognized on previous deferrals	-46962	-48995
Contract with Customer, Liability	112857	121863
Deferred Wages
Movement in Deferred Revenue [Roll Forward]
Contract with Customer, Liability	20212	21828
Amounts deferred	15	8
Amounts recognized on previous deferrals	-6092	-5590
Contract with Customer, Liability	14135	16246


===== BLAD: REVENUE RECOGNITION (Narrative) =====

REVENUE RECOGNITION (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
POM
Disaggregation of Revenue [Line Items]
Deferred revenue	112.9
Current deferred revenue	83
TIS
Disaggregation of Revenue [Line Items]
Current deferred revenue	14.1	21.4	16.5	25.2


===== BLAD: REVENUE RECOGNITION (Remaining  =====

REVENUE RECOGNITION (Remaining Performance Obligation) (Details)	Dec. 31, 2024
POM | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction, period	12 months
POM | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction, period	5 years
TIS
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Year	2025


===== BLAD: EARNINGS PER SHARE AND STOCKH_3 =====

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	 	 	2700000	3200000
Basic weighted average common shares (in shares)	135563000	142340000	137359000	144307000
Nonvested units granted (in shares)	 	 	1100000	1700000
Stock-based compensation	9.2	9.9	17.9	17.5
Unrecognized compensation costs, nonvested shares and units	59.5	 	59.5


===== BLAD: EARNINGS PER SHARE AND STOCKH_4 =====

EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY (Computations of Basic and Diluted Earnings Per Share) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net loss from continuing operations attributable to shareholders	-242466	-189116	-413887	-351989
Amounts allocated to participating securities	-240	-192	-469	-369
Net loss from continuing operations attributable to common shareholders	-242706	-189308	-414356	-352358
Basic weighted average common shares (in shares)	135563	142340	137359	144307
Potential dilutive shares (in shares)	0	0	0	0
Dilutive weighted average common shares (in shares)	135563	142340	137359	144307


===== BLAD: RECEIVABLES (Schedule of Short- =====

RECEIVABLES (Schedule of Short-Term Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	321171	69075
Long-term	50787	43824
Loans to franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	19764	5917
Long-term	20861	16498
Receivables for U.S. assisted and DIY tax preparation and related fees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	9823	18440
Long-term	5440	5332
H&R Block's Instant Refund® receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	1375	2947
Long-term	184	207
Emerald Advance®
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	266110	17867
Long-term	23643	21360
Software receivables from retailers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	2073	1029
Long-term	0	0
Royalties and other receivables from franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	6955	5808
Long-term	0	0
Wave payment processing receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	693	1078
Long-term	0	0
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Short-term	14378	15989
Long-term	659	427


===== BLAD: RECEIVABLES (Narrative) (Detail =====

RECEIVABLES (Narrative) (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable	2200000	 	1100000
Accounts Receivable, Allowance for Credit Loss, Writeoff	-79088000	-65327000
H&R Block's Instant Refund® receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired, non-accrual status term	60 days
Financing receivable	1559000
Emerald Advance®
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired, non-accrual status term	60 days
Financing receivable	308862000
Accounts Receivable, Allowance for Credit Loss, Writeoff	-33536000	-27714000
Emerald Advance Lines of Credit Write Offs
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss, Writeoff	-33500000


===== BLAD: RECEIVABLES (Schedule of Receiv =====

RECEIVABLES (Schedule of Receivables Based on Year of Origination) (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	2200000	 	1100000
Accounts Receivable, Allowance for Credit Loss, Writeoff	-79088000	-65327000
H&R Block's Instant Refund® receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	1559000
Allowance	0
Net balance	1559000
Non-Accrual	1500000
Emerald Advance®
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	308862000
Allowance	-19109000
Net balance	289753000
Non-Accrual	38469000
Accounts Receivable, Allowance for Credit Loss, Writeoff	-33536000	-27714000
Current year of origination | H&R Block's Instant Refund® receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	375000
Non-Accrual	316000
Current year of origination | Emerald Advance®
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	270393000
Non-Accrual	0
Prior year and before | H&R Block's Instant Refund® receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	1184000
Non-Accrual	1184000
Prior year and before | Emerald Advance®
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	38469000
Non-Accrual	38469000


===== BLAD: RECEIVABLES (Schedule of Activi =====

RECEIVABLES (Schedule of Activity in the Allowance For Doubtful Accounts) (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	78863000	62494000
Provision for credit losses	20727000	21536000
Charge-offs, recoveries and other	79088000	65327000
Ending balance	20502000	18703000
EAs
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	33536000	27386000
Provision for credit losses	19109000	17885000
Charge-offs, recoveries and other	33536000	27714000
Ending balance	19109000	17557000
All Other
Allowance for Doubtful Accounts [Roll Forward]
Beginning balance	45327000	35108000
Provision for credit losses	1618000	3651000
Charge-offs, recoveries and other	45552000	37613000
Ending balance	1393000	1146000
Emerald Advance Lines of Credit Write Offs
Allowance for Doubtful Accounts [Roll Forward]
Charge-offs, recoveries and other	33500000


===== BLAD: GOODWILL AND INTANGIBLE ASSET_2 =====

GOODWILL AND INTANGIBLE ASSETS (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill before impairment losses, beginning balance	923523
Accumulated impairment losses, beginning balance	-138297
Goodwill, beginning balance	785226
Acquisitions(1)	12761
Disposals and foreign currency changes, net	-14701
Impairments	0
Goodwill before impairment losses, ending balance	921583
Accumulated impairment losses, ending balance	-138297
Goodwill, ending balance	783286


===== BLAD: GOODWILL AND INTANGIBLE ASSET_3 =====

GOODWILL AND INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	986654	955940
Accumulated Amortization	-716053	-691838
Net	270601	264102
Reacquired franchise rights
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	413752	403955
Accumulated Amortization	-235650	-228157
Net	178102	175798
Customer relationships
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	350700	331435
Accumulated Amortization	-280481	-270245
Net	70219	61190
Internally-developed software
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	123495	122673
Accumulated Amortization	-122332	-119610
Net	1163	3063
Noncompete agreements
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	22807	21977
Accumulated Amortization	-19857	-19494
Net	2950	2483
Purchased technology
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	70100	70100
Accumulated Amortization	-54543	-51432
Net	15557	18668
Trade name
Goodwill and Intangible Assets [Line Items]
Gross Carrying Amount	5800	5800
Accumulated Amortization	-3190	-2900
Net	2610	2900


===== BLAD: GOODWILL AND INTANGIBLE ASSET_4 =====

GOODWILL AND INTANGIBLE ASSETS (Intangible Assets Acquired) (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2024 USD ($)
Business Acquisition [Line Items]
Amount	31586
Weighted-Average Life (in years)	5 years
Customer Relationships
Business Acquisition [Line Items]
Amount	19705
Weighted-Average Life (in years)	5 years
Reacquired Franchise Rights
Business Acquisition [Line Items]
Amount	9983
Weighted-Average Life (in years)	6 years
Noncompete Agreements
Business Acquisition [Line Items]
Amount	871
Weighted-Average Life (in years)	5 years
Capitalized software
Business Acquisition [Line Items]
Amount	1027
Weighted-Average Life (in years)	3 years


===== BLAD: GOODWILL AND INTANGIBLE ASSET_5 =====

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Payments made for business acquisitions, net of cash acquired	 	 	28017	27158
Amortization	12100	15400	25000	31200
Estimated amortization, 2022	47000	 	47000
Estimated amortization, 2023	39900	 	39900
Estimated amortization, 2024	33100	 	33100
Estimated amortization, 2025	24900	 	24900
Estimated amortization, 2026	16500	 	16500
Franchisee and competitor businesses
Business Acquisition [Line Items]
Payments made for business acquisitions, net of cash acquired	 	 	28000	27200


===== BLAD: LONG-TERM DEBT (Components of L =====

LONG-TERM DEBT (Components of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Debt Instrument [Line Items]
Long-term Line of Credit	790000	0
Debt issuance costs and discounts	-7844	-8905
Long-Term Debt	-2282156	-1491095
Long-term Debt, Current Maturities	-349611	0
Long-Term Debt and Lease Obligation	1932545	1491095
Estimated fair value of long-term debt	2193000	1391000
Senior Notes | Senior Notes, 5.250%, due October 2025
Debt Instrument [Line Items]
Interest rate	0.0525
Senior notes	350000	350000
Senior Notes | Senior Notes, 2.500%, due July 2028
Debt Instrument [Line Items]
Interest rate	0.025
Senior notes	500000	500000
Senior Notes | Senior Notes, 3.875%, due August 2030
Debt Instrument [Line Items]
Interest rate	0.03875
Senior notes	650000	650000


===== BLAD: LONG-TERM DEBT (Narrative) (Det =====

LONG-TERM DEBT (Narrative) (Details)	Dec. 31, 2024 USD ($)
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum annual debt-to-EBITDA ratio	4.5
Maximum quarterly debt-to-EBITDA ratio	3.5
Minimum interest coverage ratio	2.5
Aggregate principal amount	1500000000
Line Of Credit Facility, Available Increase In Borrowing Capacity	500000000
Swingline Loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity	175000000
Standby Letters of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	50000000


===== BLAD: INCOME TAXES (Narrative) (Detai =====

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	244.1	 	251.8
Change in tax benefits that are reasonably possible	148.4
Effective tax rate	0.24	0.289
Gross unrecognized tax benefits increase (decrease)	7.7
Increase in effective tax rate from discrete item, percent	0.003	0.054
Discrete income tax expense (benefit)	1.5	26.6


===== BLAD: LITIGATION AND OTHER RELATED _2 =====

LITIGATION AND OTHER RELATED CONTINGENCIES (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024
Loss Contingencies [Line Items]
Loss contingency accrual	11.1	7.2


===== BLAD: Commitment and Contingencies (D =====

Commitment and Contingencies (Details) - USD ($)	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Other Commitments [Line Items]
POM maximum per tax return	10000
Standard guarantee accrual amount	9700000	14100000
Contingent business acquisition obligations	38300000	26900000
Lines of credit, total obligation	20900000
Remaining franchise equity lines of credit-undrawn commitment	5800000
Loss contingency accrual	11100000	7200000
Investment Tax Credit	22900000
Purchase Commitment, Remaining Minimum Amount Committed	80000000
Customer Advance, Line Of Credit, Outstanding Amount	257900000