H&R Block Inc (HRB)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 759,676 | 783,456 | -77,184 | -94,390 | -103,799 | -185,768 | 628,424 | 628,693 | 652,097 | 1,424,147 | 279,423 | 341,600 | 662,319 | 237,828 | 343,804 | 316,326 | -17,056 | 471,645 | 484,993 | 513,415 |
| 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 |
| Pretax margin | 21.51% | 22.38% | -2.26% | -2.77% | -3.05% | -5.44% | 18.58% | 18.66% | 19.32% | 30.63% | 9.64% | 11.75% | 20.02% | 8.55% | 11.50% | 10.53% | -0.66% | 15.47% | 16.03% | 17.04% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $759,676K ÷ $3,531,769K
= 21.51%
The pretax margin of H&R Block Inc has shown fluctuating trends over the past few quarters. It was positive in most quarters, indicating the company's ability to generate profits before accounting for taxes. However, there were significant fluctuations in the pretax margin, with some quarters showing negative values, indicating periods of lower profitability or potential operational challenges.
In the most recent quarter, the pretax margin stood at 21.51%, reflecting a healthy level of profitability. The quarter before also had a relatively strong pretax margin of 22.38%. On the other hand, there were quarters, such as Dec 31, 2023, and Sep 30, 2023, where the company reported negative pretax margins of -2.26% and -2.77%, respectively, signaling potential financial difficulties during those periods.
Overall, while the company has demonstrated the ability to achieve solid pretax margins in some quarters, it should focus on managing costs and enhancing operational efficiency to ensure consistent profitability in the long run.
Peer comparison
Jun 30, 2024