What is H&R Block's net debt?

H&R Block (HRB) reported net debt of $1.16B in Q1 2026.

How has H&R Block's net debt changed year-over-year?

H&R Block's net debt increased by 1.1% year-over-year, from $1.15B to $1.16B.

What is the long-term trend for H&R Block's net debt?

Over 4 years (2021 to 2025), H&R Block's net debt has grown at a 1.1% compound annual growth rate (CAGR), from $998.36M to $1.04B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

H&R Block HRB Net debt

Discontinued — last reported Q3 '26

Net debt at other companies

ITG

Integer HoldingsITGR

4×+0.1×

Upstart Holdings, Inc.UPST

15.8×—

United Natural FoodsUNFI

8.5×-0.8×

MattelMAT

2.8×+1.1×

Dorman ProductsDORM

1.5×+0.1×

International Seaways, Inc.INSW

0.6×-0.3×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.6B+17.6%

CapEx$18.4M-18.8%

Free cash flow$1.5B+18.2%

Valuation

See full

Market cap$4.55B-45.3%

Profitability

See full

Gross margin44.3%-0.2pp

Net margin18.9%+3.7pp

FCF margin19.5%+2.0pp

Returns & leverage

See full

Return on equity675%-296pp

Debt / equity22.8×+1.1×

Current ratio1×+0.2×

Where this comes from

Calculated from H&R Block’s reported figures.

$2.0Btotal debt−$867.0Mcash and equivalents=$1.16B

The official record: H&R Block’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Ask your AI about H&R Block's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is H&R Block's net debt?: H&R Block (HRB) reported net debt of $1.16B in Q1 2026.
How has H&R Block's net debt changed year-over-year?: H&R Block's net debt increased by 1.1% year-over-year, from $1.15B to $1.16B.
What is the long-term trend for H&R Block's net debt?: Over 4 years (2021 to 2025), H&R Block's net debt has grown at a 1.1% compound annual growth rate (CAGR), from $998.36M to $1.04B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.