H&R Block’s Revenue by Segment (2016-2022)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This statistic highlights H&R Block’s Revenue by Segment from 2016 onwards, split between royalty, product and others, and service segments
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This statistic highlights H&R Block’s Revenue by Segment from 2016 onwards, split between royalty, product and others, and service revenue, on a quarterly basis.

H&R Block’s Revenue by Segment 

Revenue by Segment Q1 2021 Q4 2021 Q1 2022 Contribution in Q1 2022
Royalty, product and other $50.07 $217.56 $15.64 8.12%
Service $550.95 $2,110.61 $176.97 91.88%
Total $601.02 $2,328.17 $192.61 100.00%

(All figures are in millions, except percentages)

The revenue generated fell by a massive 91.62% on a quarter-on-quarter basis, from $2,328.17 million in Q4 2021 to $192.61 million in Q1 2022. The year-on-year decline was 70.55%, from $601.02 million in Q1 2021 to $192.61 million in Q1 2022.

This is because the majority of clients submit their tax returns during the months of February through April in a typical year. This is the period when the company earns the majority of its revenue from income tax return preparation and related services and goods. As a result, during the first three quarters of the fiscal year, H&R Block usually loses money.

The corporation assigns a transaction price to the various performance obligations based on proportionate standalone selling prices for these services and goods and recognizes revenue when the appropriate performance obligations are satisfied.

Royalty, product and other

Being a minute contributor to revenue, royalties are calculated as a percentage of franchisee gross receipts and are normally reported in the period that the franchisee provides services to the consumer.

The revenue decreased by 92.8% on a quarterly basis, from Q4 2021 where the revenue generated was $217.56 million to Q1 2022 where the revenue generated is $15.64 million. When compared to Q1 2021 where the revenue generated was $50.07 million, the year-on-year decrease was 68.76%. The contribution to the revenue mix from this segment decreased from 9.34% in Q2 2021 to 8.12% in Q1 2022.

Service

Revenues from aided and online tax preparation, electronic filing fees, RTs, Emerald Card, Peace of Mind (POM), Tax Identity Shield (TIS), and Wave are all included in service revenues. Tax preparation and electronic filing or printing of the finished tax return are included in assisted tax preparation services. When a customer accepts a completed return, revenues from tax preparation services, including printing for clients who opt to print and mail their returns, are recognized. When the return is electronically filed, revenues for electronic filing are recognized.

When the IRS filing acknowledgment is received and the bank account is established with the company’s bank partner, MetaBan, N.A. (Meta), a wholly-owned subsidiary of Meta Financial Group, Inc., Refund Transfer revenues are recorded.

The revenue generated from this segment decreased as compared to the last quarter. The revenue fell by almost 92% on a quarter-on-quarter basis, from Q4 2021 where the revenue generated was $2,110.61 million to Q1 2022 where the revenue generated is $176.97 million. When compared to Q1 2021 where the revenue generated was $550.95 million, the year-on-year decrease was 67.87%. However, the contribution to the revenue mix from this segment increased slightly from 90.66% in Q4 2021 to 91.88% in Q1 2022.

About the company

H&R Block provides assisted and do-it-yourself (DIY) tax return preparation services to the general public in the United States, Canada, and Australia through a variety of channels (including in-person, online and mobile applications, virtual, and desktop software) and distributes H&R Block-branded services and products, including those of the company’s bank partner. Small business finance solutions are also available through the company-owned or franchised offices, as well as online through Wave. Fees from aided and DIY tax preparation, royalties from franchisees, and fees from associated services and goods are all major revenue sources. Tax professionals assist with income tax return preparation and related services through a network of retail locations run by the corporation or its franchisees. The tax specialists support their clients in a variety of ways, either in person or virtually.

Franchises are available from the company as a strategy to increase its presence in specific geographic areas. Franchisees in the United States pay a franchise royalty of about 30% of gross tax return preparation and related service revenues. RTs, our Peace of Mind Extended Service Plan (POM), the H&R Block Emerald Prepaid Mastercard (Emerald Card), EAs, Tax Identity Shield (TIS), RAs, and small business finance solutions are all available to H&R Block clients in the United States. POM, H&R Block Instant RefundSM, H&R Block Pay With Refund®, and small business finance products are also available to Canadian clients.

Did you like &R Block’s Revenue by Segment statistic?

Access more such key performance indicator (KPI) data points, on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 31

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.