H&R Block, Inc. (HRB), the largest U.S. tax preparer, reported a net loss for the third quarter of $17.7 million or $0.07 per share, compared to a net loss of $3.3 million or $0.01 per share for the year-ago quarter.
Loss from continuing operations for the third quarter was $16.9 million or $0.06 per share, compared to $3.6 million or $0.01 per share in the prior year quarter.
Excluding items, adjusted net loss from continuing operations for the latest quarter was $60.5 million or $0.22 per share.
Total revenues for the third quarter fell 29% to $472.0 million from $663.3 million a year ago, mainly driven by timing issues from the IRS opening its e-file system on January 30 and the resulting delays to the start of the U.S. tax season
Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share on revenue of $563.60 million for the third quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.