H&R Block Inc (HRB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 88,896 | -192,838 | -872,460 | -368,065 | 90,594 | -129,806 | -772,652 | -344,884 | 32,064 | -36,392 | -643,479 | -264,985 | 211,631 | 44,856 | -372,655 | 15,528 | 352,401 | 352,401 | 352,401 | -534,580 |
| ROE | 681.44% | — | — | — | 657.13% | — | — | — | 1,726.86% | — | — | — | 261.62% | 963.99% | — | 6,377.81% | 257.93% | 498.51% | 165.66% | — |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $605,773K ÷ $88,896K
= 681.44%
The analysis of H&R Block Inc.'s return on equity (ROE) over the specified periods reveals significant variability and notably high values during certain quarters, which warrant further contextual interpretation.
In the initial reporting periods, ROE data is unavailable, indicating either a lack of reported data or potentially anomalous financial activities. Starting from the quarter ending March 31, 2021, the ROE demonstrates a substantial surge, recording at 165.66%. This upward trajectory accelerates dramatically in the subsequent quarter ending April 30, 2021, reaching an extraordinary 498.51%. The immense rise continues with the quarter ending June 30, 2021, where ROE is recorded at 257.93%, followed by an even more exceptional figure of 6,377.81% in the quarter ending September 30, 2021. These extraordinarily high ROE figures suggest an exceptional event or a one-time accounting adjustment significantly affecting net income or equity.
Following this peak, the subsequent data points for the quarter ending December 31, 2021, are not available, indicating potential reporting gaps. The quarter ending March 31, 2022, shows a notable decline yet remains very high at 963.99%, again reflecting considerable growth relative to prior periods. This high level persists into the quarter ending June 30, 2022, where ROE is approximately 261.62%, but subsequent quarters lack data, making continuous trend analysis challenging.
A particularly striking point occurs in the quarter ending June 30, 2023, where ROE reaches 1,726.86%, another record-breaking figure. This is followed, after a period without reported data, by the quarter ending June 30, 2024, with a ROE of 657.13%, and the quarter ending June 30, 2025, with a ROE of 681.44%. The high and fluctuating but overall elevated ROE figures across these periods indicate periods of substantial profitability relative to equity.
The exceptionally high ROE values, especially those exceeding 1,000%, are atypical for standard operational performance and likely reflect extraordinary gains, significant leverage, or unusual accounting events. These may include asset revaluations, large one-time gains, or accounting practices that temporarily inflate net income relative to equity.
Overall, while the reported high ROE figures demonstrate periods of extraordinary profitability for H&R Block Inc., they also suggest potential volatility and the presence of non-recurring items influencing the returns. The absence of consistent data in certain periods complicates the interpretation of ongoing operational performance. Nonetheless, the instances of peak ROE values underscore the importance of further investigation into the underlying causes, including assessment of extraordinary items, leverage levels, and accounting policies, to ascertain the sustainability of such returns.
Peer comparison
Jun 30, 2025