H&R Block Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, $1.5B Buyback, Stock Up 9%
www.benzinga.com/news/earnings/24/08/...5b-buyback-stock-up-9H&R Block Inc HRB reported financial results for its fiscal fourth quarter after the market close on Thursday. Here’s a look at the key metrics in the report.
Q4 Revenue: $1.063 billion, versus estimates of $1.028 billion
Q4 EPS: $1.89, versus estimates of $1.74
“In fiscal 2024 we made strides across our different products and services that provide value to our clients and help enable their financial confidence,” said Jeff Jones, president and CEO of H&R Block.
“We continue to make progress, gain new insight, and translate this client success into value for shareholders, and are well positioned to build on this momentum in fiscal 2025 and beyond.”
H&R Block said full-year revenue growth of 4% was driven by higher net average charge and company-owned volumes in the Assisted category combined with greater online paid returns at a higher net average charge.
The company’s board authorized a new share repurchase program of $1.5 billion. During 2024, H&R Block repurchased approximately eight million shares for $350 million.
H&R Block’s board also increased its quarterly dividend by 17%, representing the seventh increase in the past seven years. The new quarterly dividend of $0.375 per share is payable on Oct. 3 to shareholders of record as of Sept. 5.