Last 48 quarters of trend data · Consumer Cyclical · Personal Products & Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
H&R Block, Inc.'s quarterly P/E stands at 1.2x, down 53.2% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.83 | 1.21 | — | — | 6.24 | 2.58 | — | — | 7.49 | 2.53 | — | — | 4.07 |
| — | -53.2% | — | — | -16.7% | +2.1% | — | — | +84.3% | +18.1% | — | — | -37.4% | |
| P/S Ratio | 1.16 | 461.38 | 6.93 | 8.17 | 1.67 | 0.82 | 10.00 | 11.41 | 1.81 | 0.80 | 9.61 | 8.57 | 1.19 |
| — | +56355.3% | -30.7% | -28.3% | -7.6% | +2.7% | +4.0% | +33.2% | +52.6% | +21.5% | +13.7% | -9.0% | -13.7% | |
| P/B Ratio | 53.12 | — | — | — | 83.55 | — | — | — | 84.86 | — | — | — | 152.58 |
| — | — | — | — | -1.5% | — | — | — | -44.4% | — | — | — | +459.9% | |
| P/FCF | 7.28 | 0.67 | — | — | 7.70 | 1.43 | — | — | 6.61 | 1.30 | — | — | 3.94 |
| — | -53.3% | — | — | +16.4% | +10.3% | — | — | +67.8% | +19.4% | — | — | +16.5% | |
| EV / EBITDA | 6.04 | — | — | — | 5.47 | 2.19 | — | — | 5.79 | 2.15 | — | — | 3.71 |
| — | — | — | — | -5.5% | +1.9% | — | — | +56.3% | +16.6% | — | — | -25.3% | |
| EV / EBIT | 6.89 | — | — | — | 5.72 | 2.24 | — | — | 6.04 | 2.21 | — | — | 3.87 |
| — | — | — | — | -5.3% | +1.7% | — | — | +56.0% | +17.2% | — | — | -29.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
H&R Block, Inc.'s operating margin was 38.1% in Q3 2026, up 188.4 pp QoQ and down 4.8 pp YoY. The trailing four-quarter average of -31.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 6.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 53.6% | 84.9% | 8.8% | 52.0% | 57.4% | -75.5% | -39.1% | 52.3% | 57.6% | -67.4% | -41.1% | 53.4% |
| — | -6.6% | +212.5% | +122.5% | -0.6% | -0.3% | -11.9% | +4.9% | -2.0% | -0.3% | +15.0% | +8.3% | +5.6% | |
| Operating Margin | 22.0% | 38.1% | -150.3% | -46.9% | 33.4% | 43.0% | -163.8% | -117.8% | 33.0% | 42.5% | -149.3% | -112.3% | 36.5% |
| — | -11.3% | +8.2% | +60.2% | +1.2% | +1.1% | -9.7% | -4.9% | -9.5% | +2.9% | +12.3% | +3.4% | +22.9% | |
| Net Margin | 16.1% | 18345.3% | -121.8% | -81.5% | 27.0% | 31.7% | -135.9% | -89.0% | 24.3% | 31.6% | -106.0% | -88.9% | 29.3% |
| — | +57732.5% | +10.4% | +8.5% | +11.1% | +0.3% | -28.3% | -0.1% | -17.2% | +2.9% | +21.1% | +4.9% | +38.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 675.0% | — | — | — | 336.8% | — | — | — | 284.6% | — | — | — | 942.7% |
| — | — | — | — | +18.4% | — | — | — | -69.8% | — | — | — | +442.9% | |
| ROA | 18.7% | 27.8% | -8.7% | -5.6% | 9.2% | 24.3% | -9.3% | -6.0% | 8.0% | 23.1% | -7.2% | -5.9% | 9.7% |
| — | +14.8% | +5.7% | +5.8% | +14.8% | +5.1% | -28.9% | -2.2% | -17.4% | +3.1% | +17.3% | -1.3% | +53.6% | |
| ROIC | 46.4% | 0.1% | -12.3% | -4.7% | 21.2% | 50.9% | -14.4% | -13.1% | 21.9% | 47.3% | -12.9% | -12.3% | 24.7% |
| — | -99.9% | +14.4% | +64.1% | -2.9% | +7.6% | -11.5% | -6.9% | -11.4% | +2.9% | +4.1% | -7.4% | +46.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 27.0% YoY to 1.00x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 26.41 | — | — | — | 26.41 | — | — | — | 24.59 | — | — | — | 67.85 |
| — | — | — | — | +7.4% | — | — | — | -63.8% | — | — | — | +567.4% | |
| Debt / EBITDA | 2.49 | — | — | — | 5.86 | 2.16 | — | — | 5.84 | 2.20 | — | — | 5.33 |
| — | — | — | — | +0.3% | -1.9% | — | — | +9.6% | -4.7% | — | — | -14.2% | |
| Current Ratio | 0.90 | 1.00 | 1.29 | 0.76 | 0.90 | 0.78 | 0.73 | 0.77 | 1.27 | 1.02 | 1.21 | 0.80 | 1.26 |
| — | +27.0% | +75.2% | -0.7% | -29.4% | -22.9% | -39.1% | -3.6% | +0.3% | -12.9% | +0.4% | -13.1% | -8.7% | |
| Quick Ratio | 0.90 | 1.00 | 1.29 | 0.76 | 0.90 | 0.78 | 0.73 | 0.77 | 1.27 | 1.02 | 1.21 | 0.80 | 1.26 |
| — | +27.0% | +75.2% | -0.7% | -29.4% | -22.9% | -39.1% | -3.6% | +0.3% | -12.9% | +0.4% | -13.1% | -8.7% | |
| Interest Coverage | 11.00 | 0.02 | -12.65 | -11.43 | 24.24 | 39.81 | -13.36 | -13.66 | 23.20 | 35.80 | -12.24 | -12.38 | 24.63 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying HRB stock.
H&R Block, Inc.'s current P/E is 7.8x. The average P/E over the last 2 quarters is 3.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
H&R Block, Inc.'s current operating margin is 22.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking H&R Block, Inc.'s business trajectory between earnings reports.