H&R Block, Inc. (HRB) Balance Sheet
HRB balance sheet, FY2026
June 30, 2026 · U.S. dollars$3.26B assets = $3.14B liabilities + $117.5M equity
Both columns are drawn to the same scale: what HRB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HRB financial health
Current ratio1.13
Adequate · current assets cover current liabilities 1.13×
Debt / equity17.89
High leverage · $17.89 of debt for each $1 of equity
Equity / assets3.6%
Thin equity · of assets funded by shareholders
Cash / debt45.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles33.2%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
HRB balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.69BFY2017 | $3.26BFY2026 | +2.1%/yr | |
| Total liabilities | $2.75BFY2017 | $3.14BFY2026 | +1.5%/yr | |
| Shareholders’ equity | −$60.9MFY2017 | $117.5MFY2026 | — | |
| Cash & short-term investments | $1.12BFY2017 | $958.7MFY2026 | −1.7%/yr | |
| Total debt | $1.49BFY2017 | $2.10BFY2026 | +3.9%/yr | |
| Net cash (debt) | −$375.4MFY2017 | −$1.14BFY2026 | −$768.2M | |
| Working capital | $406.8MFY2017 | $132.1MFY2026 | −$274.6M | |
| Book value per share | −$0.28FY2017 | $0.93FY2026 | — | |
| Current ratio | 1.43FY2017 | 1.13FY2026 | −0.30 | |
| Debt / equity | 7.79FY2018 | 17.89FY2026 | +10.10 | |
| Shares outstanding | 214.1MFY2017 | 127.0MFY2026 | −5.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HRB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
HRB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
HRB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HRB balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $958.7M | $1.00B | $1.08B | $1.02B | $1.05B | $934.3M | $2.88B | $1.75B | $1.66B | $1.12B |
| Cash & equivalents | $958.7M | $1.00B | $1.08B | $1.02B | $1.05B | $934.3M | $2.87B | $1.71B | $1.66B | $1.12B |
| Short-term investments | — | — | — | — | — | — | $11.2M | $40.0M | — | — |
| Receivables | $58.2M | $63.6M | $69.1M | $95.9M | $261.3M | $531.2M | $133.2M | $139.0M | $159.1M | $162.8M |
| Inventory | $0 | $0 | $17.9M | $28.3M | $0 | $233.7M | $291.3M | $282.0M | $0 | $0 |
| Other current assets | $108.6M | $95.8M | $77.3M | $47.9M | $72.5M | $567,597 | $0 | $0 | $0 | $65.7M |
| Total current assets | $1.13B | $1.16B | $1.24B | $1.19B | $1.38B | $1.70B | $3.09B | $1.99B | $1.28B | $1.35B |
| Property, plant & equipment (net) | $739.1M | $656.3M | $593.3M | $568.3M | $551.7M | $585.7M | $679.2M | $212.1M | $227.0M | $263.8M |
| Goodwill & intangible assets | $1.08B | $1.06B | $1.05B | $1.05B | $1.07B | $1.12B | $1.13B | $862.4M | $862.8M | $900.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $312.2M | $383.6M | $336.7M | $264.0M | $263.0M | $250.4M | $219.0M | $232.1M | $233.1M | $183.7M |
| Total assets | $3.26B | $3.26B | $3.22B | $3.07B | $3.27B | $3.65B | $5.11B | $3.30B | $2.61B | $2.69B |
| Liabilities | ||||||||||
| Accounts payable | $156.3M | $144.0M | $155.8M | $159.9M | $160.9M | $198.1M | $203.1M | $249.5M | $252.0M | $217.0M |
| Short-term debt | $228.8M | $559.1M | $206.1M | $205.4M | $206.9M | $206.4M | $844.9M | — | $1.0M | $981,000 |
| Deferred revenue | — | $22.6M | $21.4M | $25.2M | $196.1M | $200.2M | $201.4M | $205.0M | $186.1M | $189.2M |
| Total current liabilities | $993.4M | $1.30B | $977.3M | $938.8M | $998.8M | $1.16B | $1.58B | $923.0M | $564.0M | $939.3M |
| Long-term debt | $1.49B | $1.14B | $1.49B | $1.49B | $1.49B | $1.98B | $2.85B | $0 | $0 | $0 |
| Lease obligations | $610.9M | $532.0M | $471.4M | $445.9M | $435.7M | $449.0M | $508.1M | — | — | — |
| Other long-term liabilities | $653.9M | $733.1M | $659.8M | $612.4M | $571.8M | $154.4M | $619.5M | $1.84B | $1.85B | $1.82B |
| Total liabilities | $3.14B | $3.18B | $3.13B | $3.04B | $3.06B | $3.30B | $5.04B | $2.76B | $2.41B | $2.75B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.5M | $1.6M | $1.7M | $1.8M | $1.9M | $2.2M | $2.3M | $2.4M | $2.4M | $2.5M |
| Retained earnings (deficit) | $30.8M | $12.1M | $12.7M | −$48.7M | $120.4M | $248.5M | $43.0M | $499.4M | $163.6M | −$48.2M |
| Treasury stock | — | — | — | −$654.3M | — | — | — | — | — | — |
| Accumulated other comprehensive income | −$64.1M | −$47.8M | −$48.8M | −$37.1M | −$21.6M | $4.8M | −$51.6M | −$20.4M | −$16.0M | −$15.3M |
| Total shareholders' equity | $117.5M | $88.9M | $90.6M | $32.1M | $211.6M | $352.4M | $71.0M | $541.5M | $192.0M | −$60.9M |
| Key figures | ||||||||||
| Total debt | $2.10B | $2.35B | $2.23B | $2.18B | $2.15B | $2.19B | $4.32B | $1.49B | $1.50B | $1.49B |
| Net cash (debt) | −$1.14B | −$1.34B | −$1.15B | −$1.16B | −$1.10B | −$1.26B | −$1.43B | $255.1M | $168.0M | −$375.4M |
| Working capital | $132.1M | −$136.1M | $262.1M | $248.7M | $385.6M | $536.6M | $1.51B | $1.07B | $718.1M | $406.8M |
| Tangible book value | −$962.0M | −$972.6M | −$958.7M | −$1.02B | −$858.4M | −$765.4M | −$1.06B | −$320.9M | −$670.8M | −$961.5M |
| Book value per share | $0.93 | $0.65 | $0.63 | $0.21 | $1.23 | $1.87 | $0.36 | $2.62 | $0.91 | −$0.28 |
| Shares outstanding | 127.0M | 137.3M | 143.9M | 154.5M | 171.4M | 188.8M | 198.1M | 206.7M | 210.2M | 214.1M |
| Current ratio | 1.13 | 0.90 | 1.27 | 1.26 | 1.39 | 1.46 | 1.96 | 2.16 | 2.27 | 1.43 |
| Quick ratio | 1.02 | 0.82 | 1.17 | 1.18 | 1.31 | 1.26 | 1.92 | 2.04 | 3.23 | 1.36 |
| Debt / equity | 17.89 | 26.41 | 24.59 | 67.85 | 10.17 | 6.21 | 60.75 | 2.76 | 7.79 | — |
| Equity / assets | 3.6% | 2.7% | 2.8% | 1.0% | 6.5% | 9.6% | 1.4% | 16.4% | 7.4% | −2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $958.7M | $886.7M | $368.9M | $397.4M | $1.00B | $789.7M | $341.5M | $439.0M | $1.08B | $812.7M | $338.2M | $457.6M |
| Cash & equivalents | $958.7M | $886.7M | $368.9M | $397.4M | $1.00B | $789.7M | $341.5M | $439.0M | $1.08B | $812.7M | $338.2M | $457.6M |
| Receivables | $58.2M | $297.6M | $352.5M | $64.1M | $63.6M | $352.4M | $321.2M | $69.9M | $69.1M | $346.8M | $471.9M | $102.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.9M | $0 | $0 | $30.6M |
| Other current assets | $108.6M | $104.1M | $120.4M | $102.7M | $95.8M | $104.5M | $114.7M | $102.7M | $77.3M | $105.9M | $88.8M | $41.2M |
| Total current assets | $1.13B | $1.29B | $841.8M | $564.2M | $1.16B | $1.25B | $777.4M | $611.6M | $1.24B | $1.27B | $898.9M | $631.8M |
| Property, plant & equipment (net) | $739.1M | $670.6M | $838,289 | $637.5M | $656.3M | $562.5M | $562.5M | $562.5M | $593.3M | $531.6M | $522.4M | $544.1M |
| Goodwill & intangible assets | $1.08B | $1.09B | $1.09B | $1.05B | $1.06B | $1.05B | $1.05B | $1.05B | $1.05B | $1.06B | $1.06B | $1.04B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $312.2M | $341.1M | $1.00B | $367.7M | $383.6M | $387.7M | $324.2M | $327.6M | $336.7M | $351.5M | $290.7M | $296.8M |
| Total assets | $3.26B | $3.39B | $2.93B | $2.62B | $3.26B | $3.25B | $2.71B | $2.55B | $3.22B | $3.21B | $2.78B | $2.51B |
| Liabilities | ||||||||||||
| Accounts payable | $156.3M | $303.6M | $145.8M | $145.6M | $144.0M | $243.8M | $136.9M | $161.6M | $155.8M | $247.1M | $143.3M | $149.9M |
| Short-term debt | $228.8M | $209.3M | $200.7M | $205.2M | $559.1M | $523.7M | $520.3M | $189.4M | $206.1M | $185.4M | $185.4M | $195.7M |
| Deferred revenue | — | $219,321 | — | $170,145 | $22.6M | $181.1M | $181.1M | $181.1M | $21.4M | $220,466 | $199,718 | $189,304 |
| Total current liabilities | $993.4M | $1.29B | $654.8M | $739.6M | $1.30B | $1.59B | $1.06B | $795.9M | $977.3M | $1.24B | $745.6M | $792.8M |
| Long-term debt | $1.49B | $1.49B | $2.44B | $1.73B | $1.14B | $1.14B | $1.93B | $1.49B | $1.49B | $1.49B | $2.29B | $1.49B |
| Lease obligations | $610.9M | $534.8M | $499.7M | $511.2M | $532.0M | $426.5M | $398.8M | $436.5M | $471.4M | $400.4M | $394.2M | $420.1M |
| Other long-term liabilities | $653.9M | $630.7M | $662.9M | $697.7M | $733.1M | $705.2M | $592.9M | $630.5M | $659.8M | $609.0M | $513.3M | $573.6M |
| Total liabilities | $3.14B | $3.42B | $3.75B | $3.17B | $3.18B | $3.44B | $3.58B | $2.92B | $3.13B | $3.34B | $3.55B | $2.86B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.5M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $1.7M | $1.7M | $1.7M | $1.7M | $1.8M |
| Retained earnings (deficit) | $30.8M | −$110.5M | −$904.8M | −$609.3M | $12.1M | −$236.9M | −$908.8M | −$424.5M | $12.7M | −$200.3M | −$846.2M | −$393.6M |
| Accumulated other comprehensive income | −$64.1M | −$55.3M | −$51.3M | −$57.1M | −$47.8M | −$71.3M | −$71.8M | −$42.7M | −$48.8M | −$46.3M | −$36.5M | −$48.0M |
| Total shareholders' equity | $117.5M | −$24.4M | −$823.1M | −$550.9M | $88.9M | −$192.8M | −$872.5M | −$368.1M | $90.6M | −$129.8M | −$772.7M | −$344.9M |
| Key figures | ||||||||||||
| Total debt | $2.10B | $2.03B | $3.23B | $2.55B | $2.35B | $2.17B | $2.91B | $2.18B | $2.23B | $2.11B | $2.89B | $2.13B |
| Net cash (debt) | −$1.14B | −$1.14B | −$2.87B | −$2.15B | −$1.34B | −$1.38B | −$2.57B | −$1.74B | −$1.15B | −$1.29B | −$2.55B | −$1.68B |
| Working capital | $132.1M | −$5.9M | $186.9M | −$175.3M | −$136.1M | −$343.3M | −$282.0M | −$184.3M | $262.1M | $21.8M | $153.3M | −$160.9M |
| Tangible book value | −$962.0M | −$1.12B | −$1.91B | −$1.60B | −$972.6M | −$1.24B | −$1.92B | −$1.42B | −$958.7M | −$1.19B | −$1.84B | −$1.38B |
| Book value per share | $0.93 | −$0.19 | −$6.50 | −$4.19 | $0.66 | −$1.42 | −$6.44 | −$2.65 | $0.64 | −$0.92 | −$5.43 | −$2.36 |
| Shares outstanding | 127.0M | 127.8M | 126.6M | 131.6M | 135.3M | 135.6M | 135.6M | 139.2M | 141.8M | 141.5M | 142.4M | 146.3M |
| Current ratio | 1.13 | 1.00 | 1.29 | 0.76 | 0.90 | 0.78 | 0.73 | 0.77 | 1.27 | 1.02 | 1.21 | 0.80 |
| Quick ratio | 1.02 | 0.91 | 1.10 | 0.62 | 0.82 | 0.72 | 0.63 | 0.64 | 1.17 | 0.93 | 1.09 | 0.71 |
| Debt / equity | 17.89 | — | — | — | 26.41 | — | — | — | 24.59 | — | — | — |
| Equity / assets | 3.6% | −0.7% | −28.1% | −21.0% | 2.7% | −5.9% | −32.2% | −14.4% | 2.8% | −4.0% | −27.8% | −13.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 14, 2026); data from EODHD.
HRB financial position
At the end of fiscal 2026 (June 30, 2026), H&R Block had total assets of $3.3 billion (down 0.2% from a year earlier), total liabilities of $3.1 billion and shareholders' equity of $117.5 million. It held $958.7 million in cash and short-term investments against $2.1 billion of debt, net debt of $1.1 billion. Its current ratio was 1.13.
Related: HRB income statement, HRB cash flow statement, HRB key metrics. See the HRB stock overview for the latest quote and news.
HRB balance sheet FAQ
What are H&R Block's total assets?
H&R Block reported total assets of $3.3 billion at the end of fiscal 2026 (June 30, 2026), compared with $3.3 billion a year earlier.
How much debt does H&R Block have?
H&R Block had $2.1 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 17.89.
How much cash does H&R Block have?
H&R Block held $958.7 million in cash and short-term investments at the end of fiscal 2026; with $2.1 billion of debt that is net debt of $1.1 billion.
What is H&R Block's book value?
H&R Block's shareholders' equity (book value) was $117.5 million at the end of fiscal 2026, or $0.93 per share.
What is H&R Block's current ratio?
H&R Block had current assets of $1.1 billion and current liabilities of $993.4 million, a current ratio of 1.13 (it can cover its short-term obligations).
How much goodwill does H&R Block have?
H&R Block carried $1.1 billion of goodwill and intangible assets, 33.2% of total assets, at the end of fiscal 2026.