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H&R Block HRB Tax Identity Shield® — Contract with Customer, Liability, Current

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Other financials

Income statement

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Revenue$2.4B+5.3%
Gross profit$1.4B+4.5%
Net income$847.9M+17.4%
EPS (diluted)$6.60+24.3%

Balance sheet

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Cash & equivalents$867.0M+12.2%
Total debt$2.0B+5.6%
Total equity-$24.4M+87.4%
Total assets$3.4B+4.5%

Cash flow

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Operating cash flow$1.6B+17.6%
CapEx$18.4M-18.8%
Free cash flow$1.5B+18.2%

Valuation

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Market cap$5.82B-20.8%
Enterprise value$6.98B-16.8%
P/E7.9×-4.3×
P/S1.5×-0.5×

Profitability

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Gross margin44.3%-0.2pp
Net margin18.9%+3.7pp
FCF margin19.5%+2.0pp

Returns & leverage

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Return on equity675%-296pp
Debt / equity22.8×+1.1×
Current ratio+0.2×

Where this comes from

Reported directly by H&R Block in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: H&R Block’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:53 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000012659-26-000017

As of March 31, 2026 and 2025, Tax Identity Shield® (TIS) deferred revenue was $37.6 million and $31.2 million, respectively. Deferred revenue related to TIS was $22.6 million and $21.4 million as of June 30, 2025 and 2024, respectively. All deferred revenue related to TIS will be recognized by April 2027.

Item 1. Consolidated Statements of Operations and Comprehensive Income Three and nine months ended March 31, 2026 and 20

FAQ

What is H&R Block's tax identity shield® — contract with customer, liability, current?
H&R Block (HRB) reported tax identity shield® — contract with customer, liability, current of $37.6M in Q1 2026.
How has H&R Block's tax identity shield® — contract with customer, liability, current changed year-over-year?
H&R Block's tax identity shield® — contract with customer, liability, current increased by 20.5% year-over-year, from $31.2M to $37.6M.
What is the long-term trend for H&R Block's tax identity shield® — contract with customer, liability, current?
Over 3 years (2022 to 2025), H&R Block's tax identity shield® — contract with customer, liability, current has grown at a -6.6% compound annual growth rate (CAGR), from $105.2M to $85.6M.
What does tax identity shield® — contract with customer, liability, current mean?
This represents the current portion of deferred revenue arising from identity protection service contracts where payment has been received but the service obligation has not yet been fully satisfied. It serves as a measure of short-term unearned income related to security subscriptions. A high balance indicates strong upfront sales activity for these protection products.

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