{"id":808739,"date":"2025-02-04T16:10:09","date_gmt":"2025-02-04T21:10:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hr-block-reports-fiscal-2025-second-quarter-results\/"},"modified":"2025-02-04T16:10:09","modified_gmt":"2025-02-04T21:10:09","slug":"hr-block-reports-fiscal-2025-second-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hr-block-reports-fiscal-2025-second-quarter-results\/","title":{"rendered":"H&R Block Reports Fiscal 2025 Second Quarter Results"},"content":{"rendered":"
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\n \u2014 Repurchased $190 Million of Shares\u2014<\/strong>\n <\/p>\n

\n \u2014 Reaffirms Full Year Outlook \u2014<\/strong>\n <\/p>\n

KANSAS CITY, Mo., Feb. 04, 2025 (GLOBE NEWSWIRE) — H&R Block, Inc. (NYSE: HRB) (the “Company”) today released financial results1<\/sup> for its fiscal 2025 second quarter ended December\u00a031, 2024.<\/p>\n

“I am pleased with our performance in the first half of the year,” said Jeff Jones, president and chief executive officer. “We are reaffirming our fiscal 2025 outlook, and are well prepared to deliver this tax season and in the second half of the fiscal year.”<\/p>\n

\n Fiscal 2025 Second<\/strong>
\n Quarter Results and Key Financial Metrics<\/strong>
\n
“We are on track for the year and we are well positioned to deliver strong results,” said Tiffany Mason, chief financial officer. “During the second quarter, we repurchased 3.2 million shares for $190 million, reflecting our confidence in the long-term value of our stock and our commitment to delivering shareholder returns.”<\/p>\n

For the second quarter, the Company delivered total revenue of $179.1 million, which was flat to the prior year. Increases in revenue from Wave and international tax preparation were offset by lower interest and fee income on Emerald Advance\u00ae<\/sup> due to a decrease in loan originations.<\/p>\n

Total operating expenses of $472.4 million increased by $25.8 million as expected, primarily due to higher tax professional and corporate wages, increased healthcare costs, an increase in occupancy costs and the timing of marketing expenses versus the prior year.<\/p>\n

Pretax loss increased by $29.4 million to $312.3 million.<\/p>\n

Loss per share from continuing operations2<\/sup> increased to $(1.79) from $(1.33) and adjusted loss per share from continuing operations2<\/sup> increased to $(1.73) from $(1.27), due to a higher net loss and fewer shares outstanding as a result of share repurchases, which are accretive to earnings per share on a full-year basis.<\/p>\n

\n Capital Allocation<\/strong>\n <\/p>\n

The Company reported the following related to its capital structure:<\/p>\n