H&R Block Inc (HRB)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 663,405 | 610,895 | 589,835 | 581,607 | -106,357 |
| Revenue | US$ in thousands | 3,531,780 | 3,399,780 | 3,375,510 | 3,307,770 | 2,544,680 |
| Gross profit margin | 18.78% | 17.97% | 17.47% | 17.58% | -4.18% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $663,405K ÷ $3,531,780K
= 18.78%
H&R Block Inc's gross profit margin has shown a consistent improvement over the past five years. From April 2020 to June 2024, the gross profit margin increased from a negative 4.18% to 18.78%. This upward trend signifies the company's ability to efficiently manage its production costs and generate more revenue from its operations. The gradual increase in the gross profit margin demonstrates H&R Block's effectiveness in controlling direct costs related to its services. Overall, the company's ability to enhance its gross profit margin over the years indicates a positive trajectory in its operational performance and cost management strategies.
Peer comparison
Jun 30, 2024