H&R Block Inc (HRB)
Operating profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -295,966 | -306,830 | -381,383 | -375,912 | -1,121,740 |
| Revenue | US$ in thousands | 3,531,780 | 3,399,780 | 3,375,510 | 3,307,770 | 2,544,680 |
| Operating profit margin | -8.38% | -9.02% | -11.30% | -11.36% | -44.08% |
June 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $-295,966K ÷ $3,531,780K
= -8.38%
H&R Block Inc's operating profit margin has shown a fluctuating trend over the past five years. The company's operating profit margin was -8.38% as of June 30, 2024, which represents an improvement compared to the previous year's figure of -9.02% as of June 30, 2023. However, it is important to note that the operating profit margin has been negative in all these years, indicating that the company's operating expenses are exceeding its operating income.
Looking back, the operating profit margin was -11.30% as of June 30, 2022, and -11.36% as of April 30, 2021, showing a relatively stable performance during that period. The most significant decline in the operating profit margin was observed on April 30, 2020, where it stood at -44.08%, reflecting a substantial decrease in profitability potentially due to operational challenges or economic conditions.
Overall, H&R Block Inc has been facing challenges in managing its operating expenses relative to its operating income, leading to negative operating profit margins. It is essential for the company to focus on cost management and operational efficiency to improve its profitability in the future.
Peer comparison
Jun 30, 2024