H&R Block Inc (HRB)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 781,403 | 762,322 | 711,212 | 659,069 | 668,736 |
| Revenue | US$ in thousands | 3,761,000 | 3,610,350 | 3,472,180 | 3,463,270 | 3,413,990 |
| Pretax margin | 20.78% | 21.11% | 20.48% | 19.03% | 19.59% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $781,403K ÷ $3,761,000K
= 20.78%
The pretax margin of H&R Block Inc. demonstrates a trend of relatively stable profitability over the analyzed period from June 30, 2021, to June 30, 2025. In 2021, the pretax margin was recorded at 19.59%, indicating that approximately 19.59% of the company’s revenues remained as profit before tax. This margin experienced a slight decline in 2022, decreasing to 19.03%, which may suggest marginally increased expenses or reduced profitability relative to revenue during that fiscal year.
Subsequently, the pretax margin showed an improvement in 2023, rising to 20.48%, signaling a strengthening of profit efficiency prior to tax expenses. The positive trend continued into 2024, with the margin reaching 21.11%, which is the highest point within the period analyzed, reflecting continued operational improvements or favorable revenue and expense management.
In 2025, there was a slight reduction to 20.78%, yet the pretax margin remained higher than the levels observed in 2021 and 2022, underscoring a generally stable and improving profitability trend over the five-year span. Overall, the company's pretax margin indicates consistent profitability with modest fluctuations, reflecting effective control over expenses and revenue generation capabilities within this timeframe.
Peer comparison
Jun 30, 2025