H&R Block, Inc. (HRB) Key Metrics
HRB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.96B
- Enterprise value
- $6.39B
- P/E (TTM)
- 8.6 10-yr median 10.9
- Forward P/E
- 6.8
- PEG ratio
- 0.54
- Price / sales
- 1.5 10-yr median 1.6
- Price / book
- 45.0 10-yr median 39.8
- EV / EBITDA
- 6.0 10-yr median 7.5
- Dividend yield
- 3.78% $1.84 a year
- Beta
- 0.39
HRB key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsHRB valuation Price multiples at each fiscal year-end price.
HRB returns How much profit the business earns on the capital it uses.
HRB per-share figures Results divided by the shares outstanding at year-end.
HRB financial health Debt, liquidity and how easily interest is covered.
HRB efficiency & capital use Working capital cycle and where the cash goes.
HRB valuation history
HRB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HRB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HRB cash returned to shareholders
HRB price vs earnings per share
HRB key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.84B | $7.54B | $7.80B | $4.92B | $6.06B | $4.43B | $2.83B | $6.06B | $4.79B | $6.62B |
| Enterprise value | $5.98B | $8.88B | $8.96B | $6.08B | $7.16B | $5.69B | $4.26B | $5.80B | $4.62B | $6.99B |
| P/E ratio | 6.6 | 12.4 | 13.1 | 8.9 | 10.9 | 8.0 | — | 14.3 | 7.8 | 16.2 |
| Price / sales | 1.2 | 2.0 | 2.2 | 1.4 | 1.7 | 1.3 | 1.1 | 2.0 | 1.5 | 2.2 |
| Price / book | 41.2 | 84.8 | 86.1 | 153.6 | 28.6 | 12.6 | 39.8 | 11.2 | 24.9 | — |
| Price / free cash flow | 6.4 | 12.6 | 11.9 | 6.5 | 8.1 | 7.7 | 103.7 | 11.9 | 6.4 | 14.4 |
| Price / operating cash flow | 5.8 | 11.1 | 10.8 | 6.0 | 7.5 | 7.1 | 26.0 | 10.0 | 5.6 | 12.0 |
| EV / sales | 1.5 | 2.4 | 2.5 | 1.8 | 2.1 | 1.6 | 1.6 | 1.9 | 1.5 | 2.3 |
| EV / EBITDA | 5.7 | 9.1 | 9.3 | 6.7 | 8.0 | 6.3 | 16.2 | 7.3 | 4.9 | 7.7 |
| EV / free cash flow | 7.9 | 14.8 | 13.6 | 8.1 | 9.6 | 9.9 | 156.2 | 11.4 | 6.1 | 15.2 |
| Earnings yield | 15.2% | 8.0% | 7.6% | 11.2% | 9.1% | 12.5% | −0.3% | 7.0% | 12.8% | 6.2% |
| Free cash flow yield | 15.6% | 7.9% | 8.4% | 15.3% | 12.3% | 12.9% | 1.0% | 8.4% | 15.7% | 7.0% |
| Dividend yield | 4.4% | 2.6% | 2.3% | 3.6% | 3.1% | 4.4% | 7.2% | 3.4% | 4.2% | 2.8% |
| Shareholder yield (dividends + buybacks) | 15.0% | 8.4% | 7.2% | 15.2% | 12.4% | 8.7% | 16.3% | 6.5% | 4.4% | 7.7% |
| Share price at fiscal year-end | $38.08 | $54.89 | $54.23 | $31.87 | $35.32 | $23.48 | $14.28 | $29.30 | $22.78 | $30.91 |
| Per share | ||||||||||
| Revenue per share | $31.07 | $27.38 | $25.09 | $22.47 | $20.20 | $18.35 | $13.32 | $14.97 | $15.03 | $14.18 |
| Earnings per share | $5.78 | $4.41 | $4.14 | $3.58 | $3.23 | $2.93 | −$0.04 | $2.04 | $2.92 | $1.91 |
| Operating cash flow per share | $6.60 | $4.96 | $5.01 | $5.32 | $4.72 | $3.32 | $0.55 | $2.93 | $4.04 | $2.57 |
| Free cash flow per share | $5.95 | $4.36 | $4.57 | $4.87 | $4.35 | $3.04 | $0.14 | $2.47 | $3.57 | $2.15 |
| Cash per share | $7.55 | $7.30 | $7.47 | $6.57 | $6.13 | $4.95 | $14.56 | $8.45 | $7.91 | $5.22 |
| Book value per share | $0.93 | $0.65 | $0.63 | $0.21 | $1.23 | $1.87 | $0.36 | $2.62 | $0.91 | −$0.28 |
| Tangible book value per share | −$7.58 | −$7.08 | −$6.66 | −$6.61 | −$5.01 | −$4.05 | −$5.33 | −$1.55 | −$3.19 | −$4.49 |
| Dividends per share | $1.66 | $1.44 | $1.25 | $1.15 | $1.09 | $1.03 | $1.03 | $0.99 | $0.95 | $0.87 |
| Capex per share | $0.65 | $0.60 | $0.44 | $0.45 | $0.36 | $0.28 | $0.41 | $0.46 | $0.47 | $0.42 |
| Debt per share | $16.56 | $17.10 | $15.48 | $14.08 | $12.55 | $11.60 | $21.79 | $7.22 | $7.11 | $6.97 |
| Shares outstanding | 127.0M | 137.3M | 143.9M | 154.5M | 171.4M | 188.8M | 198.1M | 206.7M | 210.2M | 214.1M |
| Change in shares outstanding | −7.5% | −4.6% | −6.9% | −9.9% | −9.2% | −4.7% | −4.2% | −1.7% | −1.8% | −14.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 710.9% | 675.0% | 970.7% | 454.4% | 196.3% | 261.5% | −2.5% | 115.2% | 935.2% | — |
| Return on invested capital (ROIC) | −82.5% | 48.2% | 51.9% | 47.2% | 43.4% | 40.7% | 16.2% | 324.1% | 416.5% | 115.7% |
| Return on assets (ROA) | 22.5% | 18.7% | 18.9% | 17.5% | 16.0% | 12.6% | −0.2% | 14.3% | 23.1% | 14.7% |
| Return on tangible assets | 33.7% | 27.5% | 27.4% | 27.4% | 25.2% | 21.8% | −0.2% | 17.3% | 35.2% | 22.8% |
| Free cash flow margin | 19.2% | 15.9% | 18.2% | 21.7% | 21.6% | 16.5% | 1.0% | 16.5% | 23.8% | 15.2% |
| Income quality (OCF / net income) | 1.14 | 1.12 | 1.21 | 1.48 | 1.46 | 1.13 | — | 1.44 | 1.39 | 1.35 |
| Financial health | ||||||||||
| Total debt | $2.10B | $2.35B | $2.23B | $2.18B | $2.15B | $2.19B | $4.32B | $1.49B | $1.50B | $1.49B |
| Cash & short-term investments | $958.7M | $1.00B | $1.08B | $1.02B | $1.05B | $934.3M | $2.88B | $1.75B | $1.66B | $1.12B |
| Net debt | $1.14B | $1.34B | $1.15B | $1.16B | $1.10B | $1.26B | $1.43B | −$255.1M | −$168.0M | $375.4M |
| Debt / equity | 17.89 | 26.41 | 24.59 | 67.85 | 10.17 | 6.21 | 60.75 | 2.76 | 7.79 | — |
| Debt / assets | 0.65 | 0.72 | 0.69 | 0.71 | 0.66 | 0.60 | 0.84 | 0.45 | 0.57 | 0.55 |
| Net debt / EBITDA | 1.08 | 1.38 | 1.20 | 1.27 | 1.24 | 1.39 | 5.46 | −0.32 | −0.18 | 0.42 |
| Current ratio | 1.13 | 0.90 | 1.27 | 1.26 | 1.39 | 1.46 | 1.96 | 2.16 | 2.27 | 1.43 |
| Quick ratio | 1.13 | 0.90 | 1.25 | 1.23 | 1.39 | 1.26 | 1.77 | 1.85 | 2.27 | 1.43 |
| Interest coverage | -16.0 | 10.6 | 10.2 | 10.3 | 8.4 | 7.0 | 1.9 | 7.1 | 8.4 | 7.7 |
| Working capital | $132.1M | −$136.1M | $262.1M | $248.7M | $385.6M | $536.6M | $1.51B | $1.07B | $718.1M | $406.8M |
| Invested capital | $1.26B | $1.43B | $1.24B | $1.19B | $1.31B | $1.61B | $1.50B | $286.4M | $24.0M | $314.5M |
| Tangible asset value | −$962.0M | −$972.6M | −$958.7M | −$1.02B | −$858.4M | −$765.4M | −$1.06B | −$320.9M | −$670.8M | −$961.5M |
| Net current asset value | −$2.01B | −$2.01B | −$1.89B | −$1.85B | −$1.67B | −$1.60B | −$1.95B | −$765.1M | −$1.13B | −$1.41B |
| Graham number | $10.97 | $8.01 | $7.66 | $4.09 | $9.47 | $11.10 | — | $10.98 | $7.74 | — |
| Graham net-net per share | −$16.82 | −$15.47 | −$13.85 | −$12.55 | −$10.56 | −$9.81 | −$9.65 | −$3.70 | −$3.00 | −$7.08 |
| Capital allocation | ||||||||||
| Dividends paid | $211.0M | $197.3M | $179.8M | $177.9M | $186.5M | $195.1M | $204.9M | $205.5M | $200.5M | $187.1M |
| Share buybacks (net) | $512.9M | $437.1M | $379.6M | $569.0M | $563.2M | $191.3M | $256.2M | $189.9M | $9.1M | $322.9M |
| Dividend payout ratio | 28.8% | 32.6% | 30.2% | 32.1% | 33.7% | 35.2% | — | 48.6% | 32.7% | 45.8% |
| Dividends + buybacks / free cash flow | 95.7% | 105.9% | 85.1% | 99.3% | 100.4% | 67.4% | — | 77.4% | 27.9% | 110.7% |
| Capex / revenue | 2.1% | 2.2% | 1.8% | 2.0% | 1.8% | 1.5% | 3.1% | 3.1% | 3.1% | 2.9% |
| Capex / operating cash flow | 9.9% | 12.0% | 8.8% | 8.5% | 7.7% | 8.4% | 75.0% | 15.7% | 11.6% | 16.2% |
| Capex / depreciation | 0.67 | 0.70 | 0.52 | 0.53 | 0.44 | 0.34 | 0.48 | 0.57 | 0.54 | 0.49 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 0.9% | 0.9% | 1.0% | 0.8% | 1.1% | 0.8% | 0.7% | 0.6% |
| R&D / revenue | 0.7% | 3.2% | 3.0% | — | — | — | — | — | — | — |
| SG&A / revenue | 9.4% | 22.5% | 22.5% | 20.6% | 20.1% | 2.9% | 28.2% | — | — | 22.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 5.6 | 6.4 | 8.3 | 18.8 | 41.8 | 35.0 | 18.8 | 17.6 | 18.6 | 19.0 |
| Days of inventory on hand | — | — | 4.2 | 5.4 | — | 50.9 | 61.1 | 58.6 | — | — |
| Days payables outstanding | 25.0 | 26.2 | 28.9 | 30.4 | 34.8 | 38.9 | 48.2 | 52.1 | 49.2 | 52.9 |
| Cash conversion cycle (days) | -19.3 | -19.8 | -16.4 | -6.3 | 6.9 | 47.0 | 31.7 | 24.1 | -30.6 | -33.9 |
| Receivables turnover | 64.75 | 56.69 | 43.77 | 19.44 | 8.74 | 10.42 | 19.40 | 20.77 | 19.64 | 19.22 |
| Payables turnover | 14.62 | 13.91 | 12.62 | 11.99 | 10.48 | 9.38 | 7.57 | 7.01 | 7.42 | 6.90 |
| Inventory turnover | — | — | 86.20 | 67.87 | — | 7.17 | 5.97 | 6.23 | — | — |
| Asset turnover | 1.21 | 1.16 | 1.15 | 1.10 | 1.00 | 0.79 | 0.63 | 1.05 | 1.19 | 1.09 |
| Average receivables | $60.9M | $66.3M | $82.5M | $178.6M | $396.3M | $332.2M | $136.1M | $149.0M | $160.9M | $157.9M |
| Average payables | $150.2M | $149.9M | $157.9M | $160.4M | $179.5M | $200.6M | $226.3M | $250.8M | $234.5M | $238.3M |
| Average inventory | — | — | $23.1M | $28.3M | — | $262.5M | $286.6M | $282.0M | — | — |
| Intangibles / total assets | 33.2% | 32.5% | 32.6% | 34.3% | 32.7% | 30.6% | 22.0% | 26.1% | 33.1% | 33.4% |
Computed from HRB's annual financial statements (latest annual report filed August 14, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HRB valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), H&R Block traded at 6.6 times earnings, against a 10-year median of 10.9. Based on the latest twelve months, the trailing P/E is 8.6 and the forward P/E is 6.8. H&R Block earned a return on equity of 710.9% and a return on invested capital of −82.5% in fiscal 2026. It ended the year with $2.1 billion of debt and $958.7 million in cash and short-term investments, net debt of $1.1 billion. It returned $723.9 million to shareholders: $211.0 million in dividends and $512.9 million in share buybacks, 96% of free cash flow. The share count fell 40.7% from 214.1M to 127.0M over 9 years.
See the HRB income statement, the HRB chart for price history, or the HRB stock overview for the latest quote and news.
HRB key metrics FAQ
What is H&R Block's P/E ratio?
H&R Block's trailing P/E ratio is 8.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.8. At the end of fiscal 2026 it was 6.6, compared with a 10-year median of 10.9.
What is H&R Block's EV/EBITDA?
H&R Block's enterprise value was 5.7 times EBITDA at the end of fiscal 2026 (enterprise value $6.0 billion, EBITDA $1.1 billion); the current EV/EBITDA is 6.0.
What is H&R Block's return on equity?
H&R Block's return on equity (ROE) was 710.9% in fiscal 2026: net income of $733.6 million on average shareholders' equity of $103.2 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is H&R Block's ROIC?
H&R Block's return on invested capital was −82.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does H&R Block have?
H&R Block had total debt of $2.1 billion at the end of fiscal 2026, a debt-to-equity ratio of 17.89 and $1.1 billion of net debt (1.08 times EBITDA).
What is H&R Block's dividend yield?
H&R Block's forward dividend yield is 3.78%. H&R Block paid $211.0 million in dividends in fiscal 2026 ($1.66 per share), a payout ratio of 28.8%.
Does H&R Block buy back its shares?
Yes. H&R Block spent $512.9 million on net share repurchases in fiscal 2026 Shares outstanding changed −7.5% over the year, to 127.0M..
What is H&R Block's free cash flow yield?
H&R Block generated $756.1 million of free cash flow in fiscal 2026, a free cash flow yield of 15.6% on its market value at year-end ($4.8 billion).
What is H&R Block's current ratio?
H&R Block's current ratio was 1.13 at the end of fiscal 2026: current assets were 1.13 times current liabilities.