H&R Block Inc (HRB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 605,773 | 564,151 | 532,558 | 586,223 | 595,317 | 639,771 | 592,463 | 558,639 | 553,700 | 474,132 | 503,880 | 536,854 | 553,674 | 432,408 | 708,483 | 990,347 | 908,954 | 1,756,769 | 583,791 | 259,538 |
| 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 |
| ROA | 18.56% | 17.39% | 19.63% | 22.99% | 18.49% | 19.91% | 21.34% | 22.25% | 18.02% | 15.01% | 19.43% | 20.98% | 16.94% | 11.44% | 22.85% | 29.40% | 24.88% | 48.08% | 15.98% | 8.19% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $605,773K ÷ $3,263,900K
= 18.56%
The analysis of H&R Block Inc.'s return on assets (ROA) over the provided period reveals notable fluctuations and trends. In the fiscal year ending January 31, 2021, the ROA stood at 8.19%, indicating relatively modest profitability relative to the company's total assets. During the subsequent quarter ending March 31, 2021, ROA experienced a significant increase to 15.98%, nearly doubling, which suggests improved efficiency or higher profitability generation from its asset base.
A substantial surge was observed for the quarter ending April 30, 2021, when ROA sharply escalated to 48.08%. This peak signifies a period of heightened profitability, possibly driven by seasonal factors, tax season dynamics, or operational enhancements that maximized earnings relative to assets. Following this peak, ROA declined to 24.88% by June 30, 2021, and further to 29.40% by September 30, 2021, indicating a tapering of profitability as the company moved past the peak season or adjusted to operational changes.
Throughout 2022, ROA levels exhibited some stabilization but remained elevated compared to early 2021. For the year-end period, the figure was approximately 19.43%, maintaining a healthy, though reduced, level of asset efficiency relative to earlier peaks. During the subsequent years, the metric displayed moderate fluctuations: in March 2023, ROA was 15.01%; in June 2023, it increased marginally to 18.02%; and by September 2023, it had further risen to 22.25%. The end of 2023 saw a slight decline to 21.34%.
In early 2024, ROA hovered around 19.91% in March, followed by a modest decrease to 18.49% in June, before rising again to 22.99% in September. The year closed with a ROA of 19.63% in December. The first half of 2025 shows a slight upward trend, with ROA reaching 17.39% in March and 18.56% in June.
Overall, H&R Block's ROA demonstrates a pattern characterized by sharp seasonal peaks during tax preparation seasons, notably April 2021, followed by periods of normalization. The fluctuating yet generally positive trajectory suggests effective asset utilization during profitable seasons and a resilience in generating returns over time. This pattern reflects the company's cyclical business model, predominantly driven by seasonal tax-related activities, with profitability levels corresponding to the intensity of tax season operations.
Peer comparison
Jun 30, 2025