Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $466 | $3,463 | $3,472 | $3,610 | $3,761 |
| Gross Profit | $233 | $1,582 | $1,549 | $1,619 | $1,675 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $90 | $554 | $554 | $595 | $606 |
Over the analyzed five-year period, H&R Block, Inc. exhibited a striking transformation in its income statement performance. In 2021, the company reported revenue of approximately 466 million USD and a gross profit of around 233 million USD. However, 2022 marked a significant turning point with revenue surging to roughly 3463 million USD and gross profit expanding to about 1582 million USD—a growth rate of over 600% in revenue and a similar jump in gross profit. This substantial increase suggests that the company benefited from either significant operational changes, adjustments in reporting practices, or favorable market conditions during that period. After 2022, the revenue figures continued an upward, albeit more modest, trend—rising steadily from 3463 million in 2022 to approximately 3761 million USD in 2025, while gross profit also displayed consistent growth. Net income trends paralleled this pattern. The reported net income increased dramatically from around 89.61 million USD in 2021 to 553.67 million USD in 2022 and then continued to improve incrementally, reaching about 605.77 million USD by 2025. Although operating income remained reported as zero throughout, which might reflect an accounting treatment or reclassification rather than poor operational performance, the overall stability in net income and revenue underscores a strong profitability profile. In the context of the tax preparation and financial services industry, these figures suggest that H&R Block has not only weathered market shifts effectively but also positioned itself for sustainable financial health in the coming years.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.