Financial Analysis

NOTE 10: COMMITMENTS AND CONTINGENCIES Our U.S. and Canadian businesses offer our 100% accuracy guarantee. Assisted tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client for penalties and interest attributable to an H&R Block error on a return. DIY tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client (up to a maximum of $10,000 in the U.S), if our software makes an arithmetic error that results in payment of penalties and/or interest to the respective taxing authority that a client would otherwise not have been required to pay. Our liability related to estimated losses under the 100% accuracy guarantee was $11.0 million and $11.4 million as of June 30, 2026 and 2025, respectively. The short-term and long-term portions of this liability are included in deferred revenue and other liabilities in the consolidated balance sheets. Liabilities related to acquisitions for (1) estimated contingent consideration based on expected financial performance of the acquired business and economic conditions at the time of acquisition and (2) estimated accrued compensation related to continued employment of key employees were $26.6 million and $29.6 million as of June 30, 2026 and 2025, respectively, with amounts recorded in deferred revenue and other liabilities. These liabilities will be settled within the next nine years. Should actual results differ from our estimates, future payments made will differ from the ab …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7: LONG-TERM DEBT The components of long-term debt are as follows: (in 000s) As of June 30, 2026 June 30, 2025 Senior Notes, 5.250%, due October 2025 (1) $ $ 350,000 Senior Notes, 2.500%, due July 2028 (1) 500,000 500,000 Senior Notes, 3.875%, due August 2030 (1) 650,000 650,000 Senior Notes, 5.375%, due September 2032 (1) 350,000 Debt issuance costs and discounts (8,507) (6,802) Total long-term debt 1,491,493 1,493,198 Less: Current portion (349,893) Long-term portion $ 1,491,493 $ 1,143,305 Estimated fair value of long-term debt $ 1,437,000 $ 1,437,000 (1) The Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The interest rates on our Senior Notes are subject to adjustment based upon our credit ratings. On August 26, 2025, we issued $350.0 million of 5.375% Senior Notes due September 15, 2032 (2032 Senior Notes). The 2032 Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The net proceeds from the 2032 Senior Notes were used for general corporate purposes, which includes, among other uses, the redemption of the $350.0 million in principal outstanding of our 5.250% notes due October 2025 (2025 Senior Notes). We redeemed our 2025 Senior Notes at 100% of the principal amount, plus accrued and unpaid interest, on Septemb …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines: (in 000s) Year ended June 30, 2026 2025 2024 Revenues: U.S. assisted tax preparation $ 2,560,895 $ 2,413,229 $ 2,274,835 U.S. royalties 185,429 192,877 204,802 U.S. DIY tax preparation 384,618 383,738 349,812 Refund Transfers 145,132 137,526 142,249 Peace of Mind Extended Service Plan 84,611 87,326 93,087 Tax Identity Shield 34,185 29,920 33,386 Emerald Card and Spruce SM 68,815 72,888 76,093 Interest and fee income on Emerald Advance 30,653 28,958 40,933 International 265,382 246,993 247,123 Wave 122,694 109,222 96,472 Other 62,978 58,318 51,555 Total revenues $ 3,945,392 $ 3,760,995 $ 3,610,347 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 8: STOCK-BASED COMPENSATION We have a stock-based Long Term Incentive Plan (Plan), under which we can grant stock options, restricted shares, performance-based share units, restricted share units, deferred stock units and other forms of equity to employees, non-employee directors and consultants. Stock-based compensation expense and related tax items are as follows: (in 000s) Year ended June 30, 2026 2025 2024 Stock-based compensation expense $ 30,478 $ 32,503 $ 34,277 Tax benefit 4,831 11,621 11,567 Realized tax benefit 4,893 12,942 10,939 As of June 30, 2026, we had 8.4 million shares reserved for future awards under our Plan. We issue treasury shares to satisfy the exercise or vesting of stock-based awards and believe we have adequate treasury shares available for future issuances. We measure the fair value of restricted share units (other than performance-based share units) based on the closing price of our common stock on the grant date. We measure the fair value of performance-based share units based on the Monte Carlo valuation model, taking into account, as necessary, those provisions of the performance-based share units that are characterized as market conditions. We generally expense the grant-date fair value, net of estimated forfeitures, over the vesting period on a straight-line basis. Restricted share units (other than performance-based share units) granted to employees typically vest pro-rata based upon service over a three-year period with a portion vesti …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE 6: GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the periods ended June 30, 2026 and 2025 are as follows: (in 000s) Goodwill Accumulated Impairment Losses Net Balances as of July 1, 2024 $ 923,523 $ (138,297) $ 785,226 Acquisitions (1) 15,579 15,579 Disposals and foreign currency changes, net 1,248 1,248 Impairments Balances as of June 30, 2025 940,350 (138,297) 802,053 Acquisitions (1) 21,370 21,370 Disposals and foreign currency changes, net (10,880) (10,880) Impairments Balances as of June 30, 2026 $ 950,840 $ (138,297) $ 812,543 (1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting. We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value. Components of intangible assets are as follows: (in 000s) Gross Carrying Amount Accumulated Amortization Net June 30, 2026: Reacquired franchise rights $ 432,226 $ (258,297) $ 173,929 Customer relationships 376,133 (299,569) 76,564 Internally-developed software 118,768 (114,854) 3,914 Noncompete agreements 24,428 (21,056) 3,372 Purchased technology 68,100 (60,633) 7,467 Trade name 5,800 (4,060) 1,740 $ 1,025,455 $ (758,469) $ 266,986 June 30, 2025: Reacquired franchise rights $ 415,700 $ (243,330) $ 172,370 Customer relationships 354,107 (287,067) 67,040 Internally-developed software 119, …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 9: INCOME TAXES We file a consolidated federal income tax return in the U.S. with the IRS and file tax returns in various state, local, and foreign jurisdictions. Tax returns are typically examined and either settled upon completion of the examination or through the appeals process. With respect to federal, state and local jurisdictions and countries outside of the U.S., we are typically subject to examination for three to six years after the income tax returns have been filed. Our U.S. federal income tax returns for tax years 2022 and prior have been examined or are otherwise closed. The IRS examination of the 2020 tax year is complete, although the statute of limitations remains open. Although the outcome of tax audits is always uncertain, we believe that adequate amounts of tax, interest, and penalties have been provided for in the accompanying consolidated financial statements for any adjustments that might be incurred due to federal, state, local or foreign audits. The components of income from continuing operations upon which domestic and foreign income taxes have been provided are as follows: (in 000s) Year ended June 30, 2026 2025 2024 Domestic $ 537,329 $ 437,971 $ 489,912 Foreign 316,559 343,432 272,410 Total income before income taxes $ 853,888 $ 781,403 $ 762,322 The components of income tax expense for continuing operations are as follows: (in 000s) Year ended June 30, 2026 2025 2024 Current: Federal $ 13,481 $ 143,298 $ 191,664 State 13,059 30,716 9,695 For …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 12: LITIGATION AND OTHER RELATED CONTINGENCIES We are a respondent in numerous litigation and arbitration matters, arising both in the ordinary course of business and otherwise, including as described below. The matters described below are not all of the lawsuits or arbitrations to which we are subject. In some of the matters, very large or indeterminate amounts, including punitive damages, may be sought. Various jurisdictions and arbitration forums permit considerable variation in the assertion of monetary damages or other relief. The jurisdictions or forums may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction or forum. In addition, the jurisdictions or forums may permit claimants to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction or forum for similar matters. We believe that the monetary relief which may be specified in a lawsuit or arbitration matter bears little relevance to its merits or disposition value due to this variability in pleadings and our experience in handling and resolving numerous claims over an extended period of time. The outcome of a matter and the amount or range of potential loss at particular points in time may be difficult to ascertain. Among other things, uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness tes …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

NOTE 11: LEASES Our lease costs and other information related to operating leases consisted of the following: (dollars in 000s) Year ended June 30, 2026 2025 2024 Operating lease costs $ 255,672 $ 244,127 $ 242,372 Variable lease costs 92,407 93,216 88,629 Subrental income (409) (464) (508) Total lease costs $ 347,670 $ 336,879 $ 330,493 Cash paid for operating lease costs $ 250,539 $ 239,792 $ 239,292 New operating right of use assets and related lease liabilities $ 318,882 $ 293,190 $ 266,970 Weighted-average remaining operating lease term (years) 3 3 3 Weighted-average operating lease discount rate 4.6% 5.0% 5.0% Aggregate operating lease maturities as of June 30, 2026 are as follows: (in 000s) 2027 $ 251,596 2028 185,927 2029 117,010 2030 62,840 2031 and thereafter 42,319 Total future undiscounted operating lease payments 659,692 Less imputed interest (48,832) Total operating lease liabilities $ 610,860

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NOTE 2: REVENUE RECOGNITION The majority of our revenues are from our U.S. tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines: (in 000s) Year ended June 30, 2026 2025 2024 Revenues: U.S. assisted tax preparation $ 2,560,895 $ 2,413,229 $ 2,274,835 U.S. royalties 185,429 192,877 204,802 U.S. DIY tax preparation 384,618 383,738 349,812 Refund Transfers 145,132 137,526 142,249 Peace of Mind Extended Service Plan 84,611 87,326 93,087 Tax Identity Shield 34,185 29,920 33,386 Emerald Card and Spruce SM 68,815 72,888 76,093 Interest and fee income on Emerald Advance 30,653 28,958 40,933 International 265,382 246,993 247,123 Wave 122,694 109,222 96,472 Other 62,978 58,318 51,555 Total revenues $ 3,945,392 $ 3,760,995 $ 3,610,347 Changes in the balances of deferred revenue and wages for POM are as follows: (in 000s) POM Deferred Revenue Deferred Wages Year ended June 30, 2026 2025 2026 2025 Balance, beginning of the year $ 149,302 $ 156,610 $ 19,884 $ 20,212 Amounts deferred 111,349 94,888 14,317 12,755 Amounts recognized on previous deferrals (96,497) (102,196) (12,461) (13,083) Balance, end of the year $ 164,154 $ 149,302 $ 21,740 $ 19,884 As of June 30, 2026, deferred revenue related to POM was $164.2 million. We expect that $93.0 million will be recognized over the next twelve months, while the remaining balance will be recognized ove …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

NOTE 13: SEGMENT INFORMATION We provide assisted and DIY tax preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded services and products, including those of our bank partners, to the general public primarily in the U.S., Canada and Australia. We report a single segment that includes all of our continuing operations. The majority of our revenues are from our U.S. tax services business. The Company's Chief Operating Decision Maker (CODM) is our chief executive officer, who regularly reviews consolidated financial information to evaluate financial performance and allocate resources. Specifically, the CODM uses revenues, operating expenses, net income and EBITDA at a consolidated level, as key financial metrics in deciding how to reinvest to grow the business through our growth strategies. These financial metrics are used by the CODM to make operating decisions and identify growth opportunities. The measure of segment assets is total consolidated assets as presented on the consolidated balance sheet. The following table presents the significant revenue and expense categories included in the segment's net income from continuing operations as regularly provided to the CODM on a consolidated basis and then reconciled to net income for the years ended June 30, 2026, 2025 and 2024: Consolidated Financial Results (in 000s, except per share amounts) Year ended June 30, 202 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS Our subsidiaries provide assisted and do-it-yourself (DIY) tax return preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded services and products, including those of our bank partners, to the general public primarily in the United States (U.S.), Canada and Australia. Tax returns are either prepared by H&R Block tax professionals (in company-owned or franchise offices, virtually or via an online review) or prepared and filed by our clients through our DIY tax solutions. We also offer small business solutions through our company-owned and franchise offices (including in-person, online and virtual) and online through Wave. ""H&R Block,"" ""the Company,"" ""we,"" ""our"" and ""us"" are used interchangeably to refer to H&R Block, Inc., to H&R Block, Inc. and its subsidiaries, or to H&R Block, Inc.'s operating subsidiaries, as appropriate to the context. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and our subsidiaries. Intercompany transactions and balances have been eliminated. DISCONTINUED OPERATIONS Our discontinued operations include the results of operations of Sand Canyon Corporation, previously known as Option One Mortgage Corporation, which exited its mortgage business in fiscal year 2008. SEGMENT INFORMATION We …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 14: SUBSEQUENT EVENT O n August 5, 2026, the Company effected a workforce and field organization restructuring program intended to transition to a year-round office leadership model, streamline our field support structure, and better align resources with our long-term growth strategy. As part of this program, approximately 200 positions throughout the organization are being eliminated. The Company expects to execute the workforce reduction by the end of the fiscal quarter ending September 30, 2026, and we expect to incur an estimated pre-tax charge associated with severance and related costs under the program of $8.3 million. Because the program and related employee notifications occurred after June 30, 2026, no amounts related to the program have been recognized in the accompanying consolidated financial statements.

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NOTE 8: COMMITMENTS AND CONTINGENCIES Our U.S. and Canadian businesses offer our 100% accuracy guarantee. Assisted tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client for penalties and interest attributable to an H&R Block error on a return. Similarly, DIY tax returns are covered by our 100% accuracy guarantee, whereby we will reimburse a client (up to a maximum of $10,000 in the U.S.) if our software makes an arithmetic error that results in payment of penalties and/or interest to the respective taxing authority that a client would otherwise not have been required to pay. Our liability related to estimated losses under the 100% accuracy guarantee was $10.9 million and $11.4 million as of December 31, 2025 and June 30, 2025, respectively. The short-term and long-term portions of this liability are included in deferred revenue and other liabilities in the consolidated balance sheets. Liabilities related to acquisitions for (1) estimated contingent consideration based on expected financial performance of the acquired business and economic conditions at the time of acquisition and (2) estimated accrued compensation related to continued employment of key employees were $36.9 million and $29.6 million as of December 31, 2025 and June 30, 2025 respectively, with amounts recorded in deferred revenue and other liabilities. Should actual results differ from our estimates, future payments made will differ from the above estimate and any differ …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines: (in 000s) Three months ended December 31, Six months ended December 31, 2025 2024 2025 2024 Revenues: U.S. assisted tax preparation $ 55,919 $ 48,380 $ 104,563 $ 91,343 U.S. royalties 5,108 3,499 10,957 9,351 U.S. DIY tax preparation 16,807 13,744 20,552 16,980 Refund Transfers 638 637 1,481 1,497 Peace of Mind Extended Service Plan 16,231 16,145 39,740 39,242 Tax Identity Shield 4,244 4,013 8,366 7,922 Emerald Card and Spruce SM 9,124 10,148 16,976 18,974 Interest and fee income on Emerald Advance 13,446 12,308 13,446 12,308 International 34,718 31,811 100,379 96,666 Wave 29,785 26,561 59,635 52,964 Other 12,845 11,824 26,321 25,633 Total revenues $ 198,865 $ 179,070 $ 402,416 $ 372,880 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 5: GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the six months ended December 31, 2025 are as follows: (in 000s) Goodwill Accumulated Impairment Losses Net Balances as of July 1, 2025 $ 940,350 $ (138,297) $ 802,053 Acquisitions (1) 15,720 15,720 Disposals and foreign currency changes, net (2,155) (2,155) Impairments Balances as of December 31, 2025 $ 953,915 $ (138,297) $ 815,618 (1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting. We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value. Components of intangible assets are as follows: (in 000s) Gross Carrying Amount Accumulated Amortization Net As of December 31, 2025: Reacquired franchise rights $ 429,290 $ (250,627) $ 178,663 Customer relationships 372,444 (298,667) 73,777 Internally-developed software 121,282 (117,768) 3,514 Noncompete agreements 23,774 (20,660) 3,114 Purchased technology 68,100 (58,144) 9,956 Trade name 5,800 (3,770) 2,030 $ 1,020,690 $ (749,636) $ 271,054 As of June 30, 2025: Reacquired franchise rights $ 415,700 $ (243,330) $ 172,370 Customer relationships 354,107 (287,067) 67,040 Internally-developed software 119,959 (117,604) 2,355 Noncompete agreements 23,070 (20,188) 2,882 Purchased technology 68,100 (55,655) 12,445 Trade name 5,800 (3,480) 2,320 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7: INCOME TAXES We file a consolidated federal income tax return in the U.S. with the Internal Revenue Service (IRS) and file tax returns in various state, local, and foreign jurisdictions. On July 4, 2025, H.R. 1 was signed into law. The legislation did not have a material impact on our tax benefit for the six months ended December 31, 2025, and we do not expect it to materially change our effective income tax rate for the fiscal year ending June 30, 2026. Our effective tax rate for continuing operations, including the effects of discrete tax items, was 24.0% for both the six months ended December 31, 2025 and 2024. Consistent with prior years, our pretax loss for the six months ended December 31, 2025 is expected to be offset by income in our third and fourth quarters due to the established pattern of seasonality in our primary business operations. As such, management has determined that it is more-likely-than-not that realization of tax benefits recorded in our financial statements will occur within our fiscal year. The amount of tax benefit recorded for the six months ended December 31, 2025 reflects managements estimate of the annual effective tax rate applied to year-to-date loss from continuing operations adjusted for the tax impact of discrete items for the periods presented. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 9: LITIGATION AND OTHER RELATED CONTINGENCIES We are a defendant in numerous litigation and arbitration matters, arising both in the ordinary course of business and otherwise, including as described below. The matters described below are not all of the lawsuits or arbitrations to which we are subject. In some of the matters, very large or indeterminate amounts, including punitive damages, may be sought. U.S. jurisdictions permit considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters. We believe that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value due to this variability in pleadings and our experience in handling and resolving numerous claims over an extended period of time. The outcome of a matter and the amount or range of potential loss at particular points in time may be difficult to ascertain. Among other things, uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how courts and arbitrators will apply the law. Disposition valuations are …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

NOTE 6: LONG-TERM DEBT The components of long-term debt are as follows: (in 000s) As of December 31, 2025 June 30, 2025 Senior Notes, 5.250%, due October 2025 $ $ 350,000 Senior Notes, 2.500%, due July 2028 500,000 500,000 Senior Notes, 3.875%, due August 2030 650,000 650,000 Senior Notes, 5.375%, due September 2032 350,000 Committed line of credit borrowings 945,000 Debt issuance costs and discounts (9,621) (6,802) Total long-term debt 2,435,379 1,493,198 Less: Current portion (349,893) Long-term portion $ 2,435,379 $ 1,143,305 Estimated fair value of long-term debt $ 2,401,000 $ 1,437,000 On August 26, 2025, we issued $350.0 million of 5.375% Senior Notes due September 15, 2032 (2032 Senior Notes). The 2032 Senior Notes are not redeemable by the bondholders prior to maturity, although we have the right to redeem some or all of these notes at any time, at specified redemption prices. The net proceeds from the 2032 Senior Notes were used for general corporate purposes, which includes, among other uses, the redemption of the $350.0 million in principal outstanding of our 5.250% notes due October 2025 (2025 Senior Notes). We redeemed our 2025 Senior Notes at 100% of the principal amount, plus accrued and unpaid interest, on September 19, 2025. UNSECURED COMMITTED LINE OF CREDIT On July 11, 2025, we entered into a Fifth Amended and Restated Credit and Guarantee Agreement (2025 CLOC), which amended and restated our Fourth Amended and Restated Credit and Guarantee Agreement, exten …

LongTermDebtTextBlock · excerpt; the full note is in the filing

NOTE 2: REVENUE RECOGNITION The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines: (in 000s) Three months ended December 31, Six months ended December 31, 2025 2024 2025 2024 Revenues: U.S. assisted tax preparation $ 55,919 $ 48,380 $ 104,563 $ 91,343 U.S. royalties 5,108 3,499 10,957 9,351 U.S. DIY tax preparation 16,807 13,744 20,552 16,980 Refund Transfers 638 637 1,481 1,497 Peace of Mind Extended Service Plan 16,231 16,145 39,740 39,242 Tax Identity Shield 4,244 4,013 8,366 7,922 Emerald Card and Spruce SM 9,124 10,148 16,976 18,974 Interest and fee income on Emerald Advance 13,446 12,308 13,446 12,308 International 34,718 31,811 100,379 96,666 Wave 29,785 26,561 59,635 52,964 Other 12,845 11,824 26,321 25,633 Total revenues $ 198,865 $ 179,070 $ 402,416 $ 372,880 Changes in the balances of deferred revenue and wages for our Peace of Mind Extended Service Plan (POM) are as follows: (in 000s) POM Deferred Revenue Deferred Wages Six months ended December 31, 2025 2024 2025 2024 Balance, beginning of the period $ 149,302 $ 156,610 $ 19,884 $ 20,212 Amounts deferred 3,704 3,209 8 15 Amounts recognized on previous deferrals (45,310) (46,962) (5,789) (6,092) Balance, end of the period $ 107,696 $ 112,857 $ 14,103 $ 14,135 As of December 31, 2025, deferred revenue related …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

NOTE 10: SEGMENT INFORMATION We provide assisted and DIY tax preparation solutions through multiple channels (including in-person, online and mobile applications, virtual, and desktop software) and distribute H&R Block-branded services and products, including those of our bank partners, to the general public primarily in the U.S., Canada and Australia. Tax returns are prepared by H&R Block tax professionals in one of our company-owned or franchise offices, virtually or via an online review, or they are prepared and filed by our clients through our DIY tax solutions. We also offer small business solutions through our company-owned and franchise offices (including in-person, online and virtual) and online through Wave. We report a single segment that includes all of our continuing operations. The majority of our revenues are from our U.S. tax services business. The Company's Chief Operating Decision Maker (CODM) is our chief executive officer, who regularly reviews consolidated financial information to evaluate financial performance and allocate resources. Specifically, the CODM uses revenues, operating expenses, net income and EBITDA at a consolidated level, as key financial metrics in deciding how to reinvest to grow the business. These financial metrics are used by the CODM to make operating decisions and identify growth opportunities. The measure of segment assets is total consolidated assets as presented on the consolidated balance sheet. The following table presen …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The consolidated balance sheets as of December 31, 2025 and June 30, 2025, the consolidated statements of operations and comprehensive loss for the three and six months ended December 31, 2025 and 2024, the consolidated statements of cash flows for the six months ended December 31, 2025 and 2024, and the consolidated statements of stockholders' equity for the three and six months ended December 31, 2025 and 2024 have been prepared by the Company, without audit. In the opinion of management, all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position, results of operations, and cash flows as of December 31, 2025 and 2024 and for all periods presented, have been made. ""H&R Block,"" ""the Company,"" ""we,"" ""our,"" and ""us"" are used interchangeably to refer to H&R Block, Inc., to H&R Block, Inc. and its subsidiaries, or to H&R Block, Inc.'s operating subsidiaries, as appropriate to the context. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) have been condensed or omitted. These consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our June 30, 2025 Annual Report on Form 10-K. All amounts presented herein as of June 30, 2025 or …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing