H&R Block Inc (HRB)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 663,409 | 669,880 | 624,780 | 615,963 | 610,890 | 548,843 | 567,743 | 565,076 | 589,839 | 1,502,169 | 201,719 | 255,608 | 581,607 | 136,754 | 261,214 | 268,512 | -64,779 | 420,106 | 436,894 | 427,355 |
| Revenue (ttm) | US$ in thousands | 3,531,769 | 3,501,259 | 3,413,849 | 3,403,550 | 3,399,781 | 3,414,901 | 3,381,561 | 3,369,872 | 3,375,505 | 4,650,275 | 2,898,648 | 2,908,269 | 3,307,772 | 2,783,032 | 2,989,740 | 3,005,189 | 2,586,254 | 3,049,414 | 3,024,707 | 3,012,777 |
| Gross profit margin | 18.78% | 19.13% | 18.30% | 18.10% | 17.97% | 16.07% | 16.79% | 16.77% | 17.47% | 32.30% | 6.96% | 8.79% | 17.58% | 4.91% | 8.74% | 8.93% | -2.50% | 13.78% | 14.44% | 14.18% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $663,409K ÷ $3,531,769K
= 18.78%
The gross profit margin of H&R Block Inc has shown fluctuations over the periods outlined. The company's ability to generate gross profit from its revenue has varied, ranging from a low of -2.50% to a high of 32.30%. It is important to note that the gross profit margin was particularly low in the periods ending in October 2020 and January 2020, indicating challenges in generating profit from its operations during those periods. On the other hand, the gross profit margin improved significantly in the period ending in March 2022, reaching 32.30%, suggesting enhanced efficiency in cost management or increased revenue generation.
Overall, the trend in the gross profit margin of H&R Block Inc has been volatile, showcasing the company's fluctuating ability to generate profits from its core operations. It is essential for stakeholders to monitor these fluctuations closely to assess the company's operational efficiency and profitability over time.
Peer comparison
Jun 30, 2024