Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 15, 2023

(Exact name of registrant as specified in charter)
(State or other jurisdiction of(Commission File Number)(I.R.S. Employer
incorporation or organization)Identification No.)

One H&R Block Way, Kansas City, MO 64105
(Address of Principal Executive Offices) (Zip Code)

(816) 854-3000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, without par valueHRBNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02.    Results of Operations and Financial Condition.
On August 15, 2023, the Company issued a press release regarding the Company’s results of operations for the fiscal year ended June 30, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7.01.     Regulation FD Disclosure.
As announced in the press release described under Item 2.02 and furnished as Exhibit 99.1 to this Current Report on Form 8-K, the Company’s Board of Directors has approved an increase in its quarterly dividend of 10%, to $0.32 per share, and declared a quarterly cash dividend of $0.32 per share payable on October 4, 2023 to shareholders of record as of September 7, 2023.
Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
Cover Page Interactive Data File (embedded within the Inline XBRL document)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:August 15, 2023By:/s/ Katharine M. Haynes
Katharine M. Haynes
Vice President and Secretary

Exhibit 99.1
News Release
For Immediate Release: August 15, 2023

H&R Block Reports FY23 Results; Announces a 10% Dividend Increase
KANSAS CITY, Mo., August 15, 2023 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today released its financial results1 for the fiscal year ended June 30, 2023.
H&R Block reported full year revenue of $3.5 billion (+0.3% growth), earnings per share from continuing operations2 of $3.56 (+9% growth), and adjusted earnings per share from continuing operations2 of $3.82 (+9% growth)
In the fourth quarter the Company repurchased $200 million of shares at an average price of $30.94; In FY23, the Company repurchased 9% of shares outstanding
The Company today announced a 10% increase in its quarterly dividend to $0.32 per share
The FY24 outlook guides to growth in revenue, EBITDA, and adjusted earnings per share
“We had a good finish to the year and I am pleased that we were able to grow revenue, deliver material EBITDA growth, and adjusted EPS that grew 9% despite the many headwinds we faced,” said Jeff Jones, president and CEO. “Our DIY strategy delivered, we demonstrated pricing power in the Assisted channel and saw positive customer satisfaction metrics, Small Business continued to be a growth driver, and we are executing on our Block Horizons strategy. We feel well positioned and look forward to FY24."
Fiscal 2023 Results from Continuing Operations and Key Financial Metrics
"We produced another year of robust free cash flow and repurchased a meaningful amount of shares outstanding. In addition, we announced a 10% dividend increase today, reflecting the Board's confidence in our business," said Tony Bowen, H&R Block's chief financial officer. "Since 2016, we have repurchased 37%3 of the Company and increased the dividend by 60%3."
Year Ended June 30,
(in millions, except EPS)20232022
Revenue$3,472 $3,463 
Pretax Income$711 $659 
Net Income$562 $561 
Weighted-Avg. Shares - Diluted157.2 171.4 
$3.56 $3.26 
Adjusted EPS2
$3.82 $3.51 
$915 $890 
Total revenue of $3.5 billion increased by $9 million, or 0.3%, primarily driven by higher U.S. Assisted tax preparation revenues, partially offset by a decrease in Emerald Card® revenues.

1 All amounts in this release are unaudited. Unless otherwise noted, all comparisons refer to the current period compared to the corresponding prior year period.
2 All per share amounts are based on continuing operations and fully diluted shares at the end of the corresponding period. The company reports non-GAAP financial measures of performance, including adjusted earnings per share (EPS), earnings before interest, tax, depreciation, and amortization (EBITDA) from continuing operations, free cash flow, and free cash flow yield, which it considers to be useful metrics for management and investors to evaluate and compare the ongoing operating performance of the company. See "About Non-GAAP Financial Information" below for more information regarding financial measures not prepared in accordance with generally accepted accounting principles (GAAP).
3Shares outstanding calculated as of April 30, 2016; dividend growth is calculated as percentage growth from our April 2016 dividend to our October 2023 dividend.

Total operating expenses of $2.7 billion increased by $5 million, or 0.2%, primarily due to higher field wages, partially offset by lower consulting and outsourced services.
Pretax income of $711 million increased by $52 million, or 7.9%, primarily due to higher interest income in the current year and lower interest expense on borrowings due to the repayment of our $500 million 5.5% Senior Notes in May 2022.
Earnings per share from continuing operations4 of $3.56 increased by $0.30, or 9.2%; adjusted earnings per share from continuing operations4 of $3.82 increased by $0.31, or 8.8%.
Capital Structure
The Company reported the following related to its capital structure:
In fiscal year 2023, the Company repurchased and retired approximately 15 million shares, or 9% of shares outstanding, at an aggregate price of $550 million, or $37.59 per share.
The Company has approximately $700 million remaining on its $1.25 billion share repurchase authorization available through fiscal year 2025.
The Company announced today that the Board of Directors increased the quarterly dividend by 10%, representing the seventh increase in seven years. The quarterly cash dividend is now $0.32 per share, payable on October 4, 2023, to shareholders of record as of September 7, 2023.
H&R Block has paid quarterly dividends consecutively since the Company became public in 1962. Since 2016, the Company has returned nearly $3.4 billion to shareholders in the form of share repurchases and dividends.
FY24 Outlook
For fiscal year 2024 the Company expects:
Revenue to be in the range of $3.530 to $3.585 billion.
EBITDA5 to be in the range of $930 to $965 million.
Effective tax rate to be approximately 23%.
Adjusted Diluted Earnings Per Share5 to be in the range of $4.10 to $4.30.
Conference Call & Webcast
A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Tuesday, August 15, 2023. During the conference call the Company will discuss fiscal 2023 results, outlook, and give a general business update. To join live, participants must register at Once registered, the participant will receive a dial-in number and unique PIN to access the call. Please join approximately 5 minutes prior to the scheduled start time.
The call, along with a presentation for viewing, will also be webcast in a listen-only format for the media and public. The webcast can be accessed directly at and will be available for replay 2 hours after the call is concluded and continuing for 90 days.
About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block
4 All per share amounts are based on continuing operations and fully diluted shares at the end of the corresponding period. The company reports non-GAAP financial measures of performance, including adjusted EPS, EBITDA from continuing operations, free cash flow, and free cash flow yield, which it considers to be useful metrics for management and investors to evaluate and compare the ongoing operating performance of the company. See "About Non-GAAP Financial Information" below for more information regarding financial measures not prepared in accordance with GAAP.
5 Adjusted Diluted EPS and EBITDA from continuing operations are non-GAAP financial measures. Future period non-GAAP outlook includes adjustments for items not indicative of our core operations, which may include, without limitation, items described in the below section titled “Non-GAAP Financial Information” and in the accompanying tables. Such adjustments may be affected by changes in ongoing assumptions and judgments, as well as nonrecurring, unusual, or unanticipated charges, expenses or gains, or other items that may not directly correlate to the underlying performance of our business operations. The exact amounts of these adjustments are not currently determinable but may be significant. It is therefore not practicable to provide the comparable GAAP measures or reconcile this non-GAAP outlook to the most comparable GAAP measures.

Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News or follow @HRBlockNews on X.
About Non-GAAP Financial Information
This press release and the accompanying tables include non-GAAP financial information. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with generally accepted accounting principles, please see the section of the accompanying tables titled "Non-GAAP Financial Information."
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "commits," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. They may include estimates of revenues, client trajectory, income, effective tax rate, earnings per share, cost savings, capital expenditures, dividends, share repurchases, liquidity, capital structure, market share, industry volumes or other financial items, descriptions of management’s plans or objectives for future operations, products or services, or descriptions of assumptions underlying any of the above. They may also include the expected impact of external events beyond the Company’s control, such as outbreaks of infectious disease (including the COVID-19 pandemic), severe weather events, natural or manmade disasters, or changes in the regulatory environment in which we operate. All forward-looking statements speak only as of the date they are made and reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions, factors, or expectations, new information, data or methods, future events or other changes, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to a variety of economic, competitive and regulatory factors, many of which are beyond the Company's control, that are described in our Annual Report on Form 10-K for the most recently completed fiscal year in the section entitled "Risk Factors" and additional factors we may describe from time to time in other filings with the Securities and Exchange Commission. You may get such filings for free at our website at In addition, factors that may cause the Company’s actual estimated effective tax rate to differ from estimates include the Company’s actual results from operations compared to current estimates, future discrete items, changes in interpretations and assumptions the Company has made, future actions of the Company, or increases in applicable tax rates in jurisdictions where the Company operates. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

For Further Information
Investor Relations:
Michaella Gallina, (816) 854-3022,
Jordyn Eskijian, (816) 854-5674,
Media Relations:Heather Woodard, (660) 864-3836,

FINANCIAL RESULTS(unaudited, in 000s - except per share amounts)
Three months ended June 30,Year ended June 30,
U.S. tax preparation and related services:
Assisted tax preparation$636,561 $638,018 $2,167,138 $2,094,612 
Royalties49,294 55,694 210,631 225,242 
DIY tax preparation132,428 130,631 314,758 319,086 
Refund Transfers23,100 28,228 143,310 162,893 
Peace of Mind® Extended Service Plan36,341 35,264 95,181 94,637 
Tax Identity Shield®19,028 19,683 38,265 39,114 
Other16,407 18,225 45,252 45,961 
Total U.S. tax preparation and related services913,159 925,743 3,014,535 2,981,545 
Financial services:
Emerald Card® and SpruceSM
16,203 21,696 84,651 125,444 
Interest and fee income on Emerald AdvanceSM
287 543 47,554 43,981 
Total financial services16,490 22,239 132,205 169,425 
International78,834 79,871 235,131 231,335 
Wave23,663 22,220 90,314 80,965 
Total revenues$1,032,146 $1,050,073 $3,472,185 $3,463,270 
Compensation and benefits:
Field wages223,086 247,421 841,742 808,903 
Other wages66,064 83,974 273,850 284,689 
Benefits and other compensation51,053 60,194 220,530 206,902 
340,203 391,589 1,336,122 1,300,494 
Occupancy111,293 106,639 428,167 413,162 
Marketing and advertising49,956 60,448 286,255 284,244 
Depreciation and amortization31,841 34,716 130,501 142,178 
Bad debt3,383 12,018 60,401 71,778 
Other118,960 133,059 482,041 506,517 
Total operating expenses655,636 738,469 2,723,487 2,718,373 
Other income (expense), net14,472 465 35,492 2,454 
Interest expense on borrowings(15,871)(18,621)(72,978)(88,282)
Income from continuing operations before income taxes375,111 293,448 711,212 659,069 
Income taxes71,158 68,757 149,412 98,423 
Net income from continuing operations303,953 224,691 561,800 560,646 
Net loss from discontinued operations(1,682)(1,988)(8,100)(6,972)
Net income$302,271 $222,703 $553,700 $553,674 
Continuing operations$1.97 $1.37 $3.56 $3.26 
Discontinued operations(0.01)(0.01)(0.05)(0.04)
Consolidated$1.96 $1.36 $3.51 $3.22 
WEIGHTED AVERAGE DILUTED SHARES153,512 163,283 157,248 171,435 
Adjusted diluted EPS(1)
$2.05 $1.43 $3.82 $3.51 
$422,823 $346,785 $914,691 $889,529 
(1)     All non-GAAP measures are results from continuing operations. See "Non-GAAP Financial Information" for a reconciliation of non-GAAP measures.
CONSOLIDATED BALANCE SHEETS(unaudited, in 000s - except per share data)
As of June 30,20232022
Cash and cash equivalents$986,975 $885,015 
Cash and cash equivalents - restricted28,341 165,698 
Receivables, net59,987 58,447 
Income taxes receivable35,910 202,838 
Prepaid expenses and other current assets76,273 72,460 
Total current assets1,187,486 1,384,458 
Property and equipment, net130,015 123,912
Operating lease right of use asset438,299 427,783
Intangible assets, net277,043 309,644 
Goodwill775,453 760,401 
Deferred tax assets and income taxes receivable211,391 208,948 
Other noncurrent assets52,571 54,012 
Total assets$3,072,258 $3,269,158 
Accounts payable and accrued expenses$159,901 $160,929 
Accrued salaries, wages and payroll taxes95,154 154,764 
Accrued income taxes and reserves for uncertain tax positions271,800 280,115 
Operating lease liabilities205,391 206,898 
Deferred revenue and other current liabilities206,536 196,107 
Total current liabilities938,782 998,813 
Long-term debt1,488,974 1,486,876 
Deferred tax liabilities and reserves for uncertain tax positions264,567 226,362 
Operating lease liabilities240,543 228,820 
Deferred revenue and other noncurrent liabilities107,328 116,656 
Total liabilities3,040,194 3,057,527 
Common stock, no par, stated value $.01 per share1,789 1,936 
Additional paid-in capital770,376 772,182 
Accumulated other comprehensive loss(37,099)(21,645)
Retained earnings (deficit)(48,677)120,405 
Less treasury shares, at cost(654,325)(661,247)
Total stockholders' equity32,064 211,631 
Total liabilities and stockholders' equity$3,072,258 $3,269,158
Year ended June 30,20232022
Net income$553,700 $553,674 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization130,501 142,178 
Provision for credit losses52,290 66,807 
Deferred taxes49,579 (53,352)
Stock-based compensation31,326 34,252 
Changes in assets and liabilities, net of acquisitions:
Prepaid expenses and other current and noncurrent assets(7,011)(1,944)
Accounts payable, accrued expenses, salaries, wages and payroll taxes(67,627)(19,645)
Deferred revenue, other current and noncurrent liabilities(4,773)7,342 
Income tax receivables, accrued income taxes and income tax reserves144,164 118,713 
Other, net(3,064)(1,599)
Net cash provided by operating activities821,841 808,537 
Capital expenditures(69,698)(61,955)
Payments made for business acquisitions, net of cash acquired(48,246)(35,920)
Franchise loans funded(21,633)(18,467)
Payments from franchisees27,350 30,899 
Other, net10,838 8,902 
Net cash used in investing activities(101,389)(76,541)
Repayments of line of credit borrowings(970,000)(705,000)
Proceeds from line of credit borrowings970,000 705,000 
Repayments of long-term debt (500,000)
Dividends paid(177,925)(186,476)
Repurchase of common stock, including shares surrendered(568,952)(563,174)
Proceeds from exercise of stock options3,383 6,334 
Other, net(7,498)(14,030)
Net cash used in financing activities(750,992)(1,257,346)
Effects of exchange rate changes on cash(4,857)(8,101)
Net decrease in cash and cash equivalents, including restricted balances(35,397)(533,451)
Cash, cash equivalents and restricted cash, beginning of the year1,050,713 1,584,164 
Cash, cash equivalents and restricted cash, end of the year$1,015,316 $1,050,713 
Income taxes paid (received), net$(45,539)$31,689 
Interest paid on borrowings69,554 81,960 
Accrued additions to property and equipment2,238 4,315 
Accrued dividends payable to common shareholders42,953 43,093
(in 000s)
Three months ended June 30,Year ended June 30,
Net income - as reported$302,271 $222,703 $553,700 $553,674 
Discontinued operations, net1,682 1,988 8,100 6,972 
Net income from continuing operations - as reported303,953 224,691 561,800 560,646 
Add back:
Income taxes71,158 68,757 149,412 98,423 
Interest expense15,871 18,621 72,978 88,282 
Depreciation and amortization31,841 34,716 130,501 142,178 
118,870 122,094 352,891 328,883 
EBITDA from continuing operations$422,823 $346,785 $914,691 $889,529 

(in 000s, except per share amounts)
Three months ended June 30,Year ended June 30,
Net income from continuing operations - as reported$303,953 $224,691 $561,800 $560,646 
Amortization of intangibles related to acquisitions (pretax)12,865 13,151 51,411 56,292 
Tax effect of adjustments(1)
Adjusted net income from continuing operations$315,219 $234,586 $602,414 $603,580 
Diluted earnings per share from continuing operations - as reported$1.97 $1.37 $3.56 $3.26 
Adjustments, net of tax0.08 0.06 0.26 0.25 
Adjusted diluted earnings per share from continuing operations$2.05 $1.43 $3.82 $3.51 
(1) The tax effect of adjustments is the difference between the tax provision calculation on a GAAP basis and on an adjusted non-GAAP basis.

Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. Because these measures are not measures of financial performance under GAAP and are susceptible to varying calculations, they may not be comparable to similarly titled measures for other companies.
We consider our non-GAAP financial measures to be performance measures and a useful metric for management and investors to evaluate and compare the ongoing operating performance of our business. We make adjustments for certain non-GAAP financial measures related to amortization of intangibles from acquisitions and goodwill impairments. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures.
We measure the performance of our business using a variety of metrics, including earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations, adjusted EBITDA from continuing operations, adjusted diluted earnings per share from continuing operations, free cash flow, and free cash flow yield. We also use EBITDA from continuing operations and pretax income from continuing operations, each subject to permitted adjustments, as performance metrics in incentive compensation calculations for our employees.