H&R Block Revenue Flat, Costs Up

H Block (NYSE:HRB), a leading tax preparation company, released its earnings for the second quarter of fiscal 2025 on Feb. 4, 2025. The company's key announcement was its flat revenue at $179.1 million, which fell short of the $182 million expectation. Analysts were also disappointed by the adjusted EPS (Earnings Per Share) loss that reached $(1.73), against an estimated $(1.67). Despite these misses, the company maintained its full-year outlook. However, the rise in operating expenses posed significant challenges this quarter.

Source: Analyst estimates for the quarter provided by FactSet.

H Block operates as one of the largest tax preparation companies, offering services to clients through both assisted and do-it-yourself (DIY) services. Known for its strong seasonal business, it prepares returns during the tax season, generating most of its revenue from February to April. Recently, the company focused on expanding its technological capabilities and diversifying services beyond core tax offerings.

Continue reading

Source Fool.com