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H&R Block

HRBleader

H&R Block is the world's largest consumer tax services provider, serving 20M+ US filers annually via 9,000 retail offices and online DIY products, with a small-business software segment (Wave).

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Products & Revenue

Product Revenue Share

Revenue Breakdown ($3.50B)

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US Tax Services (88%)
International Tax (6%)
Corporate & Wave (6%)

Segment Breakdown & Key Customers

Product Details

Assisted Tax Prep (Retail)62%

In-person tax preparation via 9,000+ owned and franchise offices — largest US retail tax prep chain.

DIY Tax Software (Block Online)30%

Online and software tax filing — Free, Deluxe, Premium tiers competing with TurboTax.

Wave Financial (SMB Accounting)8%

Free accounting, invoicing, and payroll software for small businesses with premium add-on monetization.

Supply Chain Relationships

Macro & Market Context

금리 인하 사이클 + 자본시장 회복 — IB 수수료·대출 스프레드 동시 개선

Fed Funds Rate

4.25~4.50%

M&A 거래 규모 (2026Q1)

$842B (+34% YoY)

은행 NIM (평균)

2.85%

신용카드 연체율

3.2% (10년 최고)

Upcoming Catalysts

JPM·BAC·GS·MS Q1 실적 (2026.04.14~17)Fed FOMC 회의 (2026.05, 06)Basel III Endgame 최종 규정 확정

Latest News

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AI Analysis

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Company Info

Headquarters

Kansas City, Missouri, USA

Founded

1955

Employees

2,600 perm + 70,000 seasonal

Sector Overview금융

Sector News

금리 인하 사이클 + 자본시장 회복 — IB 수수료·대출 스프레드 동시 개선

Fed Funds Rate

4.25~4.50%

M&A 거래 규모 (2026Q1)

$842B (+34% YoY)

은행 NIM (평균)

2.85%

신용카드 연체율

3.2% (10년 최고)

Key Themes

  • 금리 인하 → 모기지·기업대출 수요 회복 기대
  • M&A·IPO 재개 — Goldman·Morgan Stanley IB 수수료 급증
  • 핀테크 규제 완화 기대 — Block·Affirm·Upstart 수혜

Upcoming Catalysts

  • JPM·BAC·GS·MS Q1 실적 (2026.04.14~17)
  • Fed FOMC 회의 (2026.05, 06)