H&R Block Inc (HRB)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 3,263,900 | 3,245,010 | 2,712,320 | 2,549,970 | 3,218,810 | 3,213,320 | 2,776,300 | 2,511,050 | 3,072,260 | 3,157,910 | 2,593,220 | 2,559,230 | 3,269,160 | 3,781,130 | 3,100,060 | 3,368,030 | 3,653,650 | 3,653,650 | 3,653,650 | 3,168,360 |
| Operating ROA | 25.37% | 24.89% | 27.92% | 30.72% | 25.02% | 25.86% | 27.64% | 29.93% | 24.37% | 21.65% | 27.17% | 27.76% | 22.79% | 17.68% | -4.19% | 8.92% | 4.60% | 27.87% | 18.49% | 8.17% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $827,970K ÷ $3,263,900K
= 25.37%
The operating return on assets (ROA) for H&R Block Inc. exhibits notable fluctuations over the analyzed period, reflecting varying operational efficiencies and external influences. Initially, as of January 31, 2021, the operating ROA was 8.17%, indicating modest asset efficiency during that period. A significant increase occurred by March 31, 2021, reaching 18.49%, and further rising to 27.87% by April 30, 2021, suggesting improved operational performance and effective asset utilization.
Following this peak, a decline to 4.60% by June 30, 2021, reflects a temporary deterioration in operational results, which subsequently recovered to 8.92% by September 30, 2021. The figure then turned negative at -4.19% by December 31, 2021, indicating that operational costs surpassed revenues generated from assets during that quarter.
In 2022, H&R Block demonstrated a robust recovery; operating ROA surged to 17.68% by March 31, 2022, and continued upward to 22.79% by June 30, 2022, reaching 27.76% by September 30, 2022, and maintaining a strong level of 27.17% at year-end December 31, 2022. These values suggest sustained operational efficiency and effective management of assets during this period.
Throughout 2023, the operating ROA steadied at high levels, with percentages of 21.65% at the end of March, rising to 24.37% in June, and further increasing to 29.93% by September, before slightly declining to 27.64% in December. This trend indicates an overall positive trajectory with consistent operational gains. In early 2024, the ROA was recorded at 25.86% and maintained a similar level at June 30, 2024, before reaching 30.72% by September, the highest point in the period analyzed. Subsequently, it decreased slightly to 27.92% by December 2024.
In 2025, the operating ROA remained relatively stable, at 24.89% for the first quarter and 25.37% for the second quarter. These figures imply a stabilization in operational asset efficiency following years of growth and fluctuation. Overall, the data reflects a pattern of significant improvement and volatility, with the most recent figures indicating a return to high operational efficiency levels, consistent with the company's strategic and operational adjustments over the period.
Peer comparison
Jun 30, 2025