What is the 13F Pro Quality Score for HRB?

13F Pro ranks H&R BLOCK INC (HRB) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HRB's current score at https://13fpro.ai/research/HRB (free sign-up required for the full ranking).

Which hedge funds own the most HRB stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HRB include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HRB as soon as new 13F filings post.

Where does 13F Pro source HRB data?

All H&R BLOCK INC fundamentals and ownership data come directly from SEC EDGAR. H&R BLOCK INC files with the SEC under CIK 12659. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HRB in?

H&R BLOCK INC (HRB) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives HRB's revenue?

Per H&R BLOCK INC's latest 10-Q filed with the SEC on 2026-05-06, the biggest revenue drivers are: U.S. assisted tax preparation ($1.8B, +6.9% YoY); U.S. DIY tax preparation ($236M, +1.8% YoY); Wave ($90M, +12.3% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/HRB.

What are HRB's largest expenses?

H&R BLOCK INC's latest 10-Q reports these as the largest expense items: Field wages ($741M, +8.6% YoY); Occupancy ($340M, +4.2% YoY); Marketing and advertising ($209M, -5.8% YoY). Sourced directly from SEC EDGAR filing text for Q3 FY2026 (nine months ended March 31, 2026).

How often is HRB research updated on 13F Pro?

HRB's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

H&R BLOCK INC(HRB)Stock Analysis

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13F Pro Quality Score

80.3/100

Rank #44 of 2,879 stocksTOP 5%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

67.3/100

Profitability

86.0/100

Balance Sheet

99.1/100

Earnings Quality

74.1/100

Free Cash Flow

89.4/100

Institutional Flow

58.4/100

Revenue Scale

78.1/100

Dilution Risk

61.2/100

HRB Stock Analysis & AI Quality Score

AI stock analysis and institutional research for H&R BLOCK INC (HRB), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores HRB at 80.3/100 on a 32-signal composite quality model, placing it at rank #44 of 2,879 stocks — the top 5% of the AI-ranked universe. HRB scores in the top quartile across balance sheet strength (99.1), free cash flow (89.4), profitability (86.0). Top institutional holders of HRB by reported 13-F value include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HRB trades on the NYSE exchange and files with the SEC under CIK 12659. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HRB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for H&R BLOCK INC directly from SEC EDGAR. H&R BLOCK INC's 13F Pro composite quality score has ranged between 21 and 81 since 2021, currently 80.3 — an improving long-term trajectory across 19 quarterly and live scoring snapshots.

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Fun facts about H&R BLOCK INC

Quirks, history, and lore behind HRB — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. consumer services company · mid-cap · listed on the NYSE · headquartered in Missouri.
2
The Numbers
Revenue of roughly $3 billion a year, with a business that earns the bulk of it during a narrow few months each year — then goes quiet.
3
The History
Founded in 1955 by two brothers, it pioneered making a dreaded annual chore accessible to ordinary Americans at an affordable price.
4
The Secret
It also operates a bank and offers financial products like loans and prepaid debit cards — not exactly what you'd expect from its core business.
5
The Lore
It has prepared well over 700 million tax returns in its history and once owned a mortgage services business it later had to unwind after the financial crisis.
6
The Giveaway
With thousands of storefront offices popping up every January and a name that's basically synonymous with getting your taxes done, this one should be a refund.

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What's Driving HRB's Business? Latest 10-Q Breakdown

✓ 23/23 datapoints verified

AI-extracted from H&R BLOCK INC's 10-Q filed 2026-05-06 — Q3 FY2026 (nine months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

H&R Block's nine-month net income rose 43.6% to $439.9M on 5.7% revenue growth to $2.8B, driven by higher assisted tax preparation volumes and pricing, with an outsized tax benefit from IRS examination settlement.

Biggest Revenue Drivers

Total revenue: $2.8B+5.7% YoY

U.S. assisted tax preparation$1.8B+6.9% YoY

4.0% increase in net average charge combined with 2.7% increase in company-owned tax return volumes

U.S. DIY tax preparation$236M+1.8% YoY

3.9% increase in online paid net average charge offset by 2.7% decrease in online paid volume

Wave$90M+12.3% YoY

Small business solutions revenue growth

International$170M+8.5% YoY

Favorable foreign currency exchange rates in Canada and Australia

Financial services and other$304M-0.6% YoY

Emerald Card/Spruce decreased 4.4%, offset by Emerald Advance interest income up 7.7%

Largest Expense Items

Field wages$741M+8.6% YoY

Increased tax professional wages resulting from higher U.S. assisted tax preparation revenues

Occupancy$340M+4.2% YoY

Higher lease expenses and facility repairs

Marketing and advertising$209M-5.8% YoY

Lower online and TV advertising as well as lower customer incentive expenses

Margins: Operating margin expanded despite higher wage and occupancy costs, as revenue growth outpaced operating expense increases. The 8.1% effective tax rate benefited from an $84.1M discrete tax benefit from IRS examination settlement, which distorted comparability versus the 25.3% prior-year rate.

Watch Items from the Filing

DIY online volume declined 4.2% in the tax season through April 30, 2026, indicating potential competitive or market pressure in the self-prepared segment.
Stockholders' equity turned negative to -$24.4M as of March 31, 2026 from +$88.9M at June 30, 2025, driven by $400M+ share repurchases and dividends totaling $158M in nine months.
Company faces multiple litigation and regulatory inquiries, including class actions and mass arbitrations related to IRS Free File Program; accrued litigation liabilities of $13.3M as of March 31, 2026.
Emerald Advance receivables with non-accrual status of $26.4M on a $61.9M balance indicates credit quality deterioration in the lending business.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-2.1% YoY

$3.09BFY 2019

FY15 $3.08BFY16 $3.04BFY18 $3.16BFY19 $3.09B

Net Income

-31.1% YoY

$422.5MFY 2019

FY15 $473.7MFY16 $374.3MFY18 $613.1MFY19 $422.5M

Operating Income

—FY 2019

FY15 —FY16 —FY18 —FY19 —

EPS (Diluted)

-29.9% YoY

$2.04FY 2019

FY15 $1.71FY16 $1.49FY18 $2.91FY19 $2.04

Total Assets

+5.1% YoY

$3.30BFY 2019

FY15 $4.52BFY16 $2.85BFY18 $3.14BFY19 $3.30B

Total Debt

-0.4% YoY

$1.49BFY 2019

FY15 $507.7MFY16 $1.50BFY18 $1.50BFY19 $1.49B

Op. Cash Flow

-28.6% YoY

$606.5MFY 2019

FY15 $626.6MFY16 $544.6MFY18 $850.0MFY19 $606.5M

Metric	FY 2019	FY 2018	FY 2016	FY 2015	FY 2012	FY 2011
Revenue	$3.09B -2.1%	$3.16B +4.0%	$3.04B -1.3%	$3.08B +6.4%	$2.89B -1.7%	$2.94B
Net Income	$422.5M -31.1%	$613.1M +63.8%	$374.3M -21.0%	$473.7M +78.1%	$265.9M -34.5%	$406.1M
Operating Income	—	—	—	—	$566.3M -8.1%	$616.3M
EPS (Diluted)	$2.04 -29.9%	$2.91 +95.3%	$1.49 -12.9%	$1.71 +92.1%	$0.89 -32.1%	$1.31
Total Assets	$3.30B +5.1%	$3.14B +10.3%	$2.85B -36.9%	$4.52B -2.9%	$4.65B -12.1%	$5.29B
Total Debt	$1.49B -0.4%	$1.50B -0.3%	$1.50B +196.2%	$507.7M -51.2%	$1.04B -0.1%	$1.04B
Operating Cash Flow	$606.5M -28.6%	$850.0M +56.1%	$544.6M -13.1%	$626.6M +73.1%	$362.0M -29.4%	$512.5M

AI Insight: HRB Financial Trends

Q1 2026 peak-season revenue hit $2,398M with net income of $848M — both multi-year highs — while operating cash flow surged to $1,558M, the strongest in the dataset.

• Peak-season revenue grew from $2,185M in Q1 2024 to $2,398M in Q1 2026, a $213M or ~10% cumulative gain over two years.

• Net income in Q1 2026 reached $848M, up from $691M in Q1 2024 and $722M in Q1 2025, reflecting consistent peak-season earnings improvement.

• Operating cash flow in Q1 2026 rose to $1,558M versus $1,362M in Q1 2024 and $1,325M in Q1 2025, the strongest single-quarter figure in the dataset.

• Total debt rose from $1,491M in Q1 2024 to $2,785M in Q4 2025, though equity improved sharply to -$24M in Q1 2026 from -$551M a year prior.

⚠ Total debt reached $2,785M in Q4 2025, nearly double Q1 2024 levels — off-season borrowing cycle warrants monitoring for long-term leverage trajectory.

⚠ Off-season quarters remain deeply cash-flow negative: Q4 2025 debt stood at $2,785M with equity at -$823M before peak-season recovery.

⚠ Revenue and income data are missing for Q4 2025, limiting full-year trend visibility heading into Q1 2026's strong print.

AI Insight: HRB Ratio Trends

H&R Block's peak-season operating margin edged to 42.4% in Q1 2026, the highest in the visible dataset, while off-season losses remain deeply negative — classic tax-prep seasonality.

• Peak-quarter operating margin improved sequentially: 41.5% in Q1 2024, 42.1% in Q1 2025, 42.4% in Q1 2026.

• Net profit margin at peak likewise rose from 31.6% in Q1 2024 to 35.4% in Q1 2026, a 3.8pp gain.

• ROA at peak climbed from 86.0% in Q1 2024 to 100.0% in Q1 2026, reflecting stronger annualized asset returns.

• D/E ratio rose from 16.46 in Q2 2024 to 20.73 in Q2 2025, indicating meaningfully higher leverage year-over-year.

⚠ D/E surged to 20.73 in Q2 2025 from 16.46 in Q2 2024 — elevated leverage amplifies downside risk in off-peak quarters.

⚠ Off-season operating margin deepened to -106.3% in Q3 2025 vs. -193.8% in Q4 2024 — structural losses outside tax season persist.

⚠ ROIC declined to 76.1% in Q2 2025 from 88.6% in Q2 2024 — capital efficiency at peak is slipping despite margin gains.

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Available Research

13F Pro tracks comprehensive data for H&R BLOCK INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HRB

BlackRock, Inc.
$493.2M15,538,824 sh
FMR LLC
$485.2M15,287,403 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$230.8M7,272,325 sh
VANGUARD CAPITAL MANAGEMENT LLC
$179.5M5,655,035 sh
FULLER & THALER ASSET MANAGEMENT, INC.
$135.9M4,280,293 sh
STATE STREET CORP
$128.5M3,994,793 sh
LAZARD ASSET MANAGEMENT LLC
$119.4M3,761,094 sh
CITADEL ADVISORS LLC
$101.0M3,183,175 sh
AQR CAPITAL MANAGEMENT LLC
$99.9M3,182,725 sh
GEODE CAPITAL MANAGEMENT, LLC
$99.6M3,137,087 sh

Fund	Value	Shares
BlackRock, Inc.	$493.2M	15,538,824
FMR LLC	$485.2M	15,287,403
VANGUARD PORTFOLIO MANAGEMENT LLC	$230.8M	7,272,325
VANGUARD CAPITAL MANAGEMENT LLC	$179.5M	5,655,035
FULLER & THALER ASSET MANAGEMENT, INC.	$135.9M	4,280,293
STATE STREET CORP	$128.5M	3,994,793
LAZARD ASSET MANAGEMENT LLC	$119.4M	3,761,094
CITADEL ADVISORS LLC	$101.0M	3,183,175
AQR CAPITAL MANAGEMENT LLC	$99.9M	3,182,725
GEODE CAPITAL MANAGEMENT, LLC	$99.6M	3,137,087

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Is HRB a good stock to buy?

13F Pro's AI-powered analysis of H&R BLOCK INC (HRB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HRB are available on the HRB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HRB?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HRB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of H&R BLOCK INC's investment landscape.