H&R Block FY2026: Net income +21% to $734M on $84M IRS settlement; 200-job cut announced

Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 15, 2025 · ~2 min read

Key Changes

• high

  Net income rose 21.1% to $733.6M, driven by an $84.1M discrete tax benefit from settling an IRS examination of the 2020 federal return and carryback claims to 2015-2018. The settlement reduced the effective tax rate from 22.0% to 13.8%.

  MD&A: Income Taxes verify on EDGAR →
• high

  Post-period, the company announced a workforce restructuring eliminating approximately 200 positions to transition to a year-round office leadership model, with an expected $8.3M pre-tax severance charge in Q1 FY2027.

  Notes: Subsequent Events verify on EDGAR →
• high

  Total returns filed declined 2% to 22.3M from 22.8M, with DIY online paid returns down 5% to 3.6M, yet revenue grew to $3.95B, indicating pricing power or favorable mix shift offsetting volume declines.

  Business: Returns Filed verify on EDGAR →