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HRB · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is H&R Block, Inc. (HRB) stock moving?
H&R Block's fiscal Q1 2027 results beat consensus on both lines: revenue of $224.3M versus about $212.3M expected, and an adjusted loss of $1.40 per share versus $1.43 expected. Management reaffirmed fiscal 2027 guidance of $6.04-$6.24 adjusted EPS and $4.110B-$4.160B sales, which sits at or near the consensus midpoints, so the report confirmed the outlook rather than raising it. The company also declared a $0.46 quarterly dividend, about a 3.6% annualized yield at the Nov 10 close. The stock, however, has pulled back. It rallied from a 47.80 close on Oct 28 to a 55.47 high on Nov 4, then fell 3.2% on the report day (Nov 9, close 50.98) on roughly 2.4M shares, above the recent average. On Nov 10 it opened at 48.94, touched a 48.80 low, and closed at 50.99, recovering from the low. Goldman Sachs kept its Sell rating and raised its price target to $40, about 22% below the latest close, which weighs against the beat. Near-term catalysts include the Investor Day on Dec 3, where management will lay out long-term strategy, and the seasonal Emerald Advance loan offering. The evidence is mixed: the results were solid and guidance held, but the post-earnings selloff and a bearish analyst target point the other way.
News behind the analysis
- H&R Block, Inc. Reports Fiscal 2027 First Quarter Financial ResultsQ1 FY2027 revenue of $224.3M beat the roughly $212.3M estimate, with an adjusted loss of $1.40 per share versus a $1.43 loss expected. The company reaffirmed its fiscal 2027 outlook.
- H&R Block Affirms FY2027 Adj EPS Guidance of $6.04-$6.24 vs $6.14 Est; Affirms FY2027 Sales Guidance of $4.110B-$4.160B vs $4.134B EstManagement kept fiscal 2027 adjusted EPS guidance at $6.04-$6.24, around the $6.14 consensus midpoint, and sales guidance at $4.110B-$4.160B against a $4.134B estimate.
- H&R Block Q1 Adj. EPS $(1.40) Beats $(1.43) Estimate, Sales $224.336M Beat $212.278M EstimateAdjusted EPS and sales both came in above estimates for the quarter ended September 30, 2026.
- Goldman Sachs Maintains Sell on H&R Block, Raises Price Target to $40Goldman Sachs kept its Sell rating and raised its price target to $40, which is about 22% below the $50.99 close on Nov 10.
- H&R Block Q1 2027 Earnings Call TranscriptTranscript of the first-quarter fiscal 2027 earnings call, held Monday, Nov 9, following the results release.
- H&R Block Opens Applications for Emerald Advance LoanThe Emerald Advance short-term loan, offered with Pathward, N.A., is available with applications open up to $1,750 through Dec 30.
- H&R Block to Host Investor Day on December 3, 2026The company will hold an Investor Day in New York City on Dec 3 to discuss its long-term strategy and growth priorities.
- How To Earn $500 A Month From H&R Block Stock Ahead Of Q1 EarningsA pre-earnings piece noting a 3.49% yield at the time and analysts expecting a $1.43 loss per share for the quarter.
About H&R Block, Inc.
H&R Block is a Kansas City-based company that prepares taxes for US consumers through thousands of company-owned and franchised offices, and also sells do-it-yourself online tax software. It also owns Wave, a financial software platform for small businesses. Its business is very seasonal: most of its revenue comes in during the January–April US tax season, and its fiscal year ends June 30.
How it makes money
Total revenue for fiscal 2026 was about $3.9 billion. Most of it comes from US assisted tax preparation, where tax professionals file returns in person or virtually, plus royalties from franchise offices. Smaller amounts come from DIY online and desktop tax software, related financial products such as refund-linked offerings and the Emerald Card, its Canadian and Australian tax operations, and Wave, which brought in about $120 million. The company returns a large share of its cash to shareholders through dividends and share buybacks.
What usually moves HRB
- US tax-season volume and market share
- Competition from free and DIY filing options
- Pricing and mix of more complex clients
- Changes to tax law or government filing programs
- Share buybacks and dividend changes