H&R Block (HRB) Releases Q2 2026 Earnings: Revenue Up but EPS Miss

H&R Block Inc. (HRB) — Q2 2026 results highlighted revenue growth alongside continued operating and net losses.

Total revenue: $198.9 million (up 11.1% year-over-year).

Gross profit: $198.9 million (down 247.2% year-over-year).

Operating loss: -$506.1 million (improved 72.5% year-over-year).

Net loss attributable to common shareholders: -$242.2 million (down 0.5% year-over-year).

Diluted earnings per share: -$1.92 (improved 7.3% year-over-year).

How results compared with consensus:

Revenue vs. estimate: actual $198.9 million vs. estimate $190.0 million — revenue beat expectations.

EPS vs. estimate: actual -$1.92 vs. estimate -$1.88 — slightly below estimates.

Cash flow and balance sheet snapshot:

Cash from operating activities: -$614.0 million (improved 8.3% year-over-year).

Purchases of property, plant and equipment: -$35.5 million (up 17.0% year-over-year).

Cash and cash equivalents: $349.2 million (up 9.1% year-over-year).

Total liabilities: $3.75 billion (up 4.7% year-over-year).

Additional context:

Cost of sales: $274.0 million (down 12.8% year-over-year), reflecting the components behind reported gross profit and margins.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

H&R Block Inc. Insider Trading Activity

H&R Block Inc. insiders have traded $HRB stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $HRB stock by insiders over the last 6 months:

JEFFREY J II JONES (President & CEO) has made 0 purchases and 2 sales selling 305,267 shares for an estimated $13,936,293.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

H&R Block Inc. Hedge Fund Activity

We have seen 240 institutional investors add shares of H&R Block Inc. stock to their portfolio, and 310 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FRANKLIN RESOURCES INC added 2,314,904 shares (+1858.3%) to their portfolio in Q3 2025, for an estimated $117,064,695
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,326,498 shares (+770.8%) to their portfolio in Q3 2025, for an estimated $67,081,003
AQR CAPITAL MANAGEMENT LLC added 976,069 shares (+60.4%) to their portfolio in Q3 2025, for an estimated $49,359,809
QUBE RESEARCH & TECHNOLOGIES LTD removed 711,641 shares (-40.6%) from their portfolio in Q3 2025, for an estimated $35,987,685
GOLDMAN SACHS GROUP INC removed 685,666 shares (-44.3%) from their portfolio in Q3 2025, for an estimated $34,674,129
BOSTON PARTNERS added 652,690 shares (+20.2%) to their portfolio in Q3 2025, for an estimated $33,006,533
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 578,745 shares (-67.0%) from their portfolio in Q3 2025, for an estimated $29,267,134

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

H&R Block Inc. Congressional Stock Trading

Members of Congress have traded $HRB stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $HRB stock by members of Congress over the last 6 months:

REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

H&R Block Inc. Analyst Ratings

Wall Street analysts have issued reports on $HRB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barrington Research issued a "Outperform" rating on 10/27/2025
Goldman Sachs issued a "Sell" rating on 08/13/2025

To track analyst ratings and price targets for H&R Block Inc., check out Quiver Quantitative's $HRB forecast page.

H&R Block Inc. Price Targets

Multiple analysts have issued price targets for $HRB recently. We have seen 2 analysts offer price targets for $HRB in the last 6 months, with a median target of $55.0.

Here are some recent targets:

Alexander Paris from Barrington Research set a target price of $62.0 on 01/22/2026
George Kelly from Goldman Sachs set a target price of $48.0 on 08/13/2025