H&R Block (HRB) jumps on Q3 results, raised FY2026 outlook, and stepped-up buyback plan

H&R Block (HRB) is up 23.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to H&R Block’s fiscal Q3 2026 earnings update, which showed solid tax-season execution and came with a higher full-year outlook. The company also highlighted accelerated capital returns (including an incremental share repurchase authorization), which can amplify positive post-earnings sentiment.

Details:

Fiscal Q3 (ended March 31, 2026) revenue rose 5.3% to about $2.4 billion, with growth drivers including U.S. assisted tax preparation metrics and refund transfer volume.

Adjusted diluted EPS from continuing operations increased to $6.02, while reported EPS was higher, helped by a one-time tax benefit item.

Full-year fiscal 2026 guidance was raised, including revenue and adjusted diluted EPS ranges, citing year-to-date performance and a strong tax season.

The board authorized management to repurchase an incremental $100 million of shares in fiscal Q4 2026, with substantial capacity remaining under the existing repurchase program.

Sources:

H&R Block (News Center), SEC EDGAR, GlobeNewswire

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$HRB Insider Trading Activity

$HRB 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. You can access data on insider stock transactions through the Quiver Quantitative API.

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$HRB Hedge Fund Activity

We have seen 236 institutional investors add shares of $HRB stock to their portfolio, and 309 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FRANKLIN RESOURCES INC removed 2,331,990 shares (-95.6%) from their portfolio in Q4 2025, for an estimated $101,628,124
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,306,155 shares (-76.9%) from their portfolio in Q4 2025, for an estimated $100,502,234
ROYAL BANK OF CANADA removed 1,057,898 shares (-66.3%) from their portfolio in Q4 2025, for an estimated $46,103,194
RANMORE FUND MANAGEMENT LTD added 948,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $41,313,840
BOSTON PARTNERS removed 821,474 shares (-21.1%) from their portfolio in Q4 2025, for an estimated $35,799,836
AQR CAPITAL MANAGEMENT LLC added 809,438 shares (+31.2%) to their portfolio in Q4 2025, for an estimated $35,275,308
LODGE HILL CAPITAL, LLC added 800,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $34,864,000

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$HRB 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 $41.0.

Here are some recent targets:

Alexander Paris from Barrington Research set a target price of $50.0 on 04/27/2026
George Kelly from Goldman Sachs set a target price of $32.0 on 02/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.