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.
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.07 | 1.21 | — | — | 6.24 | 2.58 | — | — | 7.49 | 2.53 | — | — | 4.07 | 2.14 | — | — | 6.49 | 1.60 | — | — | 10.12 |
| — | -53.2% | — | — | -16.7% | +2.1% | — | — | +84.3% | +18.1% | — | — | -37.4% | +33.4% | — | — | -35.8% | -86.5% | — | — | +432.1% | |
| P/S Ratio | 1.34 | 461.38 | 6.93 | 8.17 | 1.67 | 0.82 | 10.00 | 11.41 | 1.81 | 0.80 | 9.61 | 8.57 | 1.19 | 0.65 | 8.45 | 9.41 | 1.37 | 0.52 | 6.43 | 5.78 | 4.05 |
| — | +56355.3% | -30.7% | -28.3% | -7.6% | +2.7% | +4.0% | +33.2% | +52.6% | +21.5% | +13.7% | -9.0% | -13.7% | +25.2% | +31.5% | +62.9% | -66.1% | -70.1% | +1785.2% | +125.0% | +739.0% | |
| P/B Ratio | 61.54 | — | — | — | 83.55 | — | — | — | 84.86 | — | — | — | 152.58 | — | — | — | 27.25 | 96.14 | — | 286.74 | 10.59 |
| — | — | — | — | -1.5% | — | — | — | -44.4% | — | — | — | +459.9% | — | — | — | +157.3% | +706.3% | — | — | -59.0% | |
| P/FCF | 8.43 | 0.67 | — | — | 7.70 | 1.43 | — | — | 6.61 | 1.30 | — | — | 3.94 | 1.08 | — | — | 3.38 | 0.85 | — | — | — |
| — | -53.3% | — | — | +16.4% | +10.3% | — | — | +67.8% | +19.4% | — | — | +16.5% | +28.1% | — | — | — | +23.3% | — | — | — | |
| EV / EBITDA | 6.77 | — | — | — | 5.47 | 2.19 | — | — | 5.79 | 2.15 | — | — | 3.71 | 1.84 | — | — | 4.96 | 1.55 | — | — | 8.56 |
| — | — | — | — | -5.5% | +1.9% | — | — | +56.3% | +16.6% | — | — | -25.3% | +18.6% | — | — | -42.1% | -77.5% | — | — | +461.5% | |
| EV / EBIT | 7.72 | — | — | — | 5.72 | 2.24 | — | — | 6.04 | 2.21 | — | — | 3.87 | 1.88 | — | — | 5.50 | 1.62 | — | — | 5.44 |
| — | — | — | — | -5.3% | +1.7% | — | — | +56.0% | +17.2% | — | — | -29.7% | +16.5% | — | — | +1.1% | -81.0% | — | — | +192.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 57.8% | -79.3% | -44.8% | 50.6% | 59.7% | -3.5% | -25.4% | 81.9% |
| — | -6.6% | +212.5% | +122.5% | -0.6% | -0.3% | -11.9% | +4.9% | -2.0% | -0.3% | +15.0% | +8.3% | +5.6% | -3.2% | -2182.9% | -76.5% | -38.3% | +25.4% | -105.7% | -8.6% | +42.2% | |
| 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% | 41.3% | -170.2% | -116.2% | 29.7% | 42.9% | -174.6% | -90.7% | 46.9% |
| — | -11.3% | +8.2% | +60.2% | +1.2% | +1.1% | -9.7% | -4.9% | -9.5% | +2.9% | +12.3% | +3.4% | +22.9% | -3.8% | +2.5% | -28.0% | -36.7% | +68.7% | -474.5% | -6.1% | +9.7% | |
| 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% | 30.7% | -134.4% | -93.6% | 21.2% | 32.7% | -120.0% | -78.7% | 38.4% |
| — | +57732.5% | +10.4% | +8.5% | +11.1% | +0.3% | -28.3% | -0.1% | -17.2% | +2.9% | +21.1% | +4.9% | +38.1% | -5.9% | -12.0% | -18.9% | -44.8% | +115.0% | -394.4% | -4.1% | +50.9% |
| 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 675.0% | — | — | — | 336.8% | — | — | — | 284.6% | — | — | — | 942.7% | — | — | — | 173.7% | 1500.8% | — | -75.1% | 26.3% |
| — | — | — | — | +18.4% | — | — | — | -69.8% | — | — | — | +442.9% | — | — | — | +560.0% | +5695.2% | — | — | -94.1% | |
| 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% | 22.4% | -8.7% | -5.8% | 6.3% | 19.6% | -5.9% | -4.1% | 2.5% |
| — | +14.8% | +5.7% | +5.8% | +14.8% | +5.1% | -28.9% | -2.2% | -17.4% | +3.1% | +17.3% | -1.3% | +53.6% | +14.4% | -47.3% | -40.7% | +148.6% | +631.3% | -117.8% | +33.4% | -72.1% | |
| 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% | 45.9% | -13.4% | -11.4% | 16.8% | 37.8% | -11.4% | -8.7% | 6.2% |
| — | -99.9% | +14.4% | +64.1% | -2.9% | +7.6% | -11.5% | -6.9% | -11.4% | +2.9% | +4.1% | -7.4% | +46.6% | +21.5% | -18.3% | -31.1% | +170.6% | +480.4% | -125.6% | +28.4% | -83.1% |
Quarterly solvency trend — watch for debt spikes or covenant 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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 26.41 | — | — | — | 26.41 | — | — | — | 24.59 | — | — | — | 67.85 | — | — | — | 10.17 | 57.85 | — | 169.25 | 6.30 |
| — | — | — | — | +7.4% | — | — | — | -63.8% | — | — | — | +567.4% | — | — | — | +61.4% | +834.4% | — | — | -80.2% | |
| Debt / EBITDA | 2.49 | — | — | — | 5.86 | 2.16 | — | — | 5.84 | 2.20 | — | — | 5.33 | 2.30 | — | — | 6.21 | 2.82 | — | — | 16.35 |
| — | — | — | — | +0.3% | -1.9% | — | — | +9.6% | -4.7% | — | — | -14.2% | -18.2% | — | — | -62.0% | -75.2% | — | — | +210.8% | |
| 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 | 1.17 | 1.20 | 0.92 | 1.39 | 1.10 | 1.06 | 1.99 | 2.12 |
| — | +27.0% | +75.2% | -0.7% | -29.4% | -22.9% | -39.1% | -3.6% | +0.3% | -12.9% | +0.4% | -13.1% | -8.7% | +5.8% | +13.5% | -53.9% | -34.5% | -24.5% | -40.1% | +85.1% | -45.9% | |
| 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 | 1.17 | 1.20 | 0.92 | 1.39 | 1.10 | 1.06 | 1.99 | 2.12 |
| — | +27.0% | +75.2% | -0.7% | -29.4% | -22.9% | -39.1% | -3.6% | +0.3% | -12.9% | +0.4% | -13.1% | -8.7% | +5.8% | +13.5% | -53.9% | -34.5% | -24.5% | -40.1% | +85.1% | -45.9% | |
| 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 | 39.36 | -14.70 | -12.99 | 16.76 | 37.29 | -11.95 | -7.64 | 7.84 |
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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 9.1x. 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.