Revenue and Earnings Growth
H&R Block reported a 4% revenue growth, a 5% increase in EBITDA, and a 9% growth in EPS for the third quarter of fiscal year 2025.
Assisted Tax Segment Performance
The Assisted category delivered growth of 170 basis points, with improved volume and market share trends year-over-year. Client satisfaction scores increased, and there was a tenfold increase in new clients using the Second Look service.
DIY Segment Revenue Growth
DIY revenue grew by 8% year-over-year. The AI Tax Assist tool in DIY paid SKUs increased conversion by 13 points, and the DIY paid NAC was strong at $81.55, up 9% versus the prior year.
Small Business Revenue Growth
The small business segment delivered high single-digit revenue growth, and Wave, the subscription product, saw a 13% revenue increase.
Spruce Platform Growth
Spruce, H&R Block's mobile banking platform, saw over 700,000 sign-ups, nearly a 50% increase compared to the prior year.