H&R Block Inc (HRB)
Operating profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | Jun 30, 2021 | Apr 30, 2021 | Mar 31, 2021 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 827,970 | 807,522 | 757,413 | 783,272 | 805,277 | 830,956 | 767,254 | 751,483 | 748,698 | 683,792 | 704,655 | 710,558 | 744,897 | 668,487 | -129,990 | 300,266 | 167,960 | 1,018,316 | 675,383 | 258,893 |
| Revenue (ttm) | US$ in thousands | 3,760,990 | 3,712,610 | 3,620,340 | 3,620,353 | 3,610,343 | 3,579,863 | 3,488,683 | 3,476,005 | 3,472,190 | 3,490,110 | 3,458,220 | 3,450,631 | 3,463,270 | 2,666,961 | 2,911,941 | 3,354,155 | 3,447,914 | 5,522,333 | 3,360,945 | 3,068,142 |
| Operating profit margin | 22.01% | 21.75% | 20.92% | 21.64% | 22.30% | 23.21% | 21.99% | 21.62% | 21.56% | 19.59% | 20.38% | 20.59% | 21.51% | 25.07% | -4.46% | 8.95% | 4.87% | 18.44% | 20.10% | 8.44% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $827,970K ÷ $3,760,990K
= 22.01%
The operating profit margin of H&R Block Inc. demonstrates notable fluctuations over the analyzed period, reflecting variability in operational efficiency and profitability.
In the fiscal year ending January 31, 2021, the operating profit margin was modest at 8.44%, followed by a significant increase to 20.10% by March 31, 2021, and a slight decline to 18.44% by April 30, 2021. The margin then declined sharply to 4.87% by June 30, 2021, and rebounded modestly to 8.95% by September 30, 2021. However, the margin turned negative at -4.46% at the end of December 2021, indicating an operational loss during that period.
Starting in the first quarter of 2022, there was a substantial recovery, with the margin rising to 25.07%, the highest within the observed timeframe. Subsequently, the margin decreased somewhat to 21.51% in June 2022 and remained relatively stable at 20.59% in September 2022, and 20.38% in December 2022. Throughout the remainder of 2023, the margin displayed a consistent upward trend, reaching 21.75% in March 2025. The margins for the latest periods—September 2024 (21.64%) and December 2024 (20.92%)—indicate a slight contraction compared to earlier quarters, although they remain significantly above the mid-2021 lows.
Overall, H&R Block’s operating profit margin exhibits cyclical patterns with periods of decline and recovery, ultimately stabilizing at elevated levels spanning approximately 20% to 22% in recent periods. This trend suggests a recovery and stabilization in operational profitability following the challenges experienced in early 2022 and late 2021. The data reflects resilience and potential improvements in operational efficiency in the most recent fiscal quarters.
Peer comparison
Jun 30, 2025