H&R Block (FRA:HRB) EBIT: €811 Mil (TTM As of Mar. 2026)


FRA:HRB H&R Block Inc FRA:HRB
75 GF Score
Price €31.70
GF Value €55.54
Valuation Significantly Undervalued
! 1 Warning Sign
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What is H&R Block EBIT?

H&R Block FRA:HRB +1.50% 75 EBIT is €811 Mil as of Mar. 2026. GuruFocus rates FRA:HRB with a GF Score™ of 75/100 and a GF Value™ of €55.54 (Significantly Undervalued). The stock has 1 warning sign investors should review.

H&R Block's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €900 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €811 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. H&R Block's annualized ROC % for the quarter that ended in Mar. 2026 was 139.12%. H&R Block's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 640.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. H&R Block's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.16%.


H&R Block  (FRA:HRB) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

H&R Block's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3587.412 * ( 1 - 16.5% )/( (2116.299 + 2190.028)/ 2 )
=2995.48902/2153.1635
=139.12 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2502.229 - 226.276 - ( 298.212 - max(0, 559.224 - 718.878+298.212))
=2116.299

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2933.836 - 748.937 - ( 749.962 - max(0, 1119.667 - 1114.538+749.962))
=2190.028

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

H&R Block's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3601.048/( ( (544.541 + max(-22.85, 0)) + (580.051 + max(-814.141, 0)) )/ 2 )
=3601.048/( ( 544.541 + 580.051 )/ 2 )
=3601.048/562.296
=640.42 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 365.016) - (226.276 + 0 + 161.59)
=-22.85

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 124.508) - (748.937 + 0 + 189.712)
=-814.141

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

H&R Block's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=810.712/5015.357
=16.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


H&R Block EBIT Related Terms


H&R Block EBIT Historical Data

* Premium members only.

The historical data trend for H&R Block's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

H&R Block EBIT Chart

H&R Block Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 648.41 706.99 723.81 781.66 745.20

H&R Block Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 909.15 332.59 -169.49 -252.65 900.26

FRA:HRB vs FTDR, ANDG, BFAM: EBIT Comparison

For the Personal Services subindustry, H&R Block's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


H&R Block EV-to-EBIT vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where H&R Block's EV-to-EBIT falls into.


FRA:HRB
75GF Score
H&R Block Inc FRA:HRB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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H&R Block EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €811 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €811 Mil mean?
H&R Block (FRA:HRB) has a EBIT of €811 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on H&R Block.
Is H&R Block's EBIT too high?
H&R Block's current EBIT is €811 Mil. Overall, H&R Block has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does H&R Block's EBIT compare to FTDR and ANDG?
H&R Block's EBIT of €811 Mil can be compared against companies in the Personal Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Personal Services company?
A good EBIT depends on the Personal Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on H&R Block. H&R Block's current EBIT is €811 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H&R Block stock overvalued right now?
Based on GuruFocus' analysis, H&R Block (FRA:HRB) is currently considered Significantly Undervalued. The stock's GF Value™ is €55.54, compared to a current price of €31.70 — trading 42.9% below its estimated fair value. The current EBIT is €811 Mil. H&R Block's overall GF Score™ is 75/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For H&R Block (FRA:HRB), the current EBIT is €811 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is H&R Block (FRA:HRB) Overvalued in 2026?

Based on GuruFocus' analysis, H&R Block stock appears to be undervalued. The current stock price of €31.70 is trading 42.9% below its estimated GF Value™ of €55.54. GuruFocus considers H&R Block to be Significantly Undervalued.

Key valuation signals for FRA:HRB:

  • EBIT: €811 Mil
  • GF Value™: €55.54 vs. price of €31.70 (42.9% below fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the FRA:HRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H&R Block Business Description

Address One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives the majority of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively.
75GF Score

Get the complete analysis for FRA:HRB

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€31.70
Price
€55.54
GF Value