H&R Block Inc (HRB)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -295,966 | -222,269 | -284,999 | -301,491 | -306,830 | -425,934 | -408,219 | -407,316 | -381,383 | 391,820 | -757,377 | -693,637 | -375,912 | -865,038 | -758,178 | -766,472 | -1,061,961 | -585,471 | -523,353 | -474,277 |
| 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 |
| Operating profit margin | -8.38% | -6.35% | -8.35% | -8.86% | -9.02% | -12.47% | -12.07% | -12.09% | -11.30% | 8.43% | -26.13% | -23.85% | -11.36% | -31.08% | -25.36% | -25.50% | -41.06% | -19.20% | -17.30% | -15.74% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-295,966K ÷ $3,531,769K
= -8.38%
H&R Block Inc's operating profit margin has shown significant fluctuations over the past several quarters. The company experienced negative margins, indicating that its operating expenses exceeded its operating income. The trend of negative margins from the fourth quarter of 2021 to the second quarter of 2023 reflects challenges in controlling costs and generating sufficient revenue to cover expenses.
In the first quarter of 2022, there was a notable improvement with a positive operating profit margin of 8.43%, suggesting the company effectively managed its costs and boosted profitability. However, this positive trend was not sustained, as the margin fell back into negative territory in subsequent quarters.
The most recent data shows a slight improvement in the operating profit margin, although it remains negative. This indicates that H&R Block Inc may still be facing challenges in optimizing its operating efficiency and profitability. Further analysis of the company's cost structure and revenue streams would be necessary to understand the underlying factors driving these fluctuations in the operating profit margin.
Peer comparison
Jun 30, 2024