HRB H&R Block margins

Relative Growth: Rel. Growth: 57

Relative Strength: Rel. Strength: 86

Relative Valuation: Rel. Valuation: 90

Relative Profitability: Rel. Profitability: 53

Gross margin

43.7%

Operating margin

22.3%

EBITDA margin

26%

Net margin

17.9%

Current H&R Block reports a gross margin of 43.7%, an operating margin of 22.3%, an EBITDA margin of 26%, and a net margin of 17.9%. Of the available margins, net margin increased the most and gross margin fell the most, by 1.7 and 0.9 percentage points respectively.

HRB margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, H&R Block's margins averaged 44.49% gross, 22.25% operating, 26.27% EBITDA, and 16.78% net. For H&R Block, operating and net margins are above their three-year averages, while gross and EBITDA margins are below their three-year averages.

HRB margin expansion

Year-over-year margin changes in percentage points

Net margin expanded by 1.7 percentage points, but gross margin contracted by 0.9 percentage points, operating margin by 0.2 percentage points, and EBITDA margin by 0.3 percentage points.

Gross margin expansion

-0.9pp

Operating margin expansion

-0.2pp

EBITDA margin expansion

-0.3pp

Net margin expansion

1.7pp

HRB Gross margin

H&R Block's gross margin averaged 44.49% over the last 3 years. Compared with its three-year average, H&R Block's current gross margin is 43.7% and is 0.8 percentage points below its three-year average. Over the last 3 years, H&R Block's gross margin peaked at 45.1% in Mar 2024 and reached a low of 43.7% in Sep 2026.

HRB Operating margin

Over the last 3 years, H&R Block had an average operating margin of 22.25%. Against its three-year average, H&R Block's operating margin is currently 22.3%, 0.1 percentage points above its three-year average. Looking back over the last 3 years, H&R Block's operating margin reached 23.2% at its highest point in Mar 2024 and 20.9% at its lowest in Dec 2024.

HRB EBITDA margin

Across the last 3 years, H&R Block's EBITDA margin came to 26.27%. H&R Block's current EBITDA margin is 26% and is 0.3 percentage points below its three-year average. EBITDA margin was highest at 27.5% in Mar 2024 and lowest at 25.1% in Dec 2024.

HRB Net margin

H&R Block's net margin averaged 16.78% over the last 3 years. Right now, the current net margin for H&R Block is 17.9%, 1.1 percentage points above its three-year average. Over the last 3 years, H&R Block's net margin peaked at 18.9% in Mar 2026 and reached a low of 14.7% in Dec 2024.

HRB margin group comparison

Margins compared with peer-group, industry and sector averages

H&R Block's gross margin of 43.7% is above the Consumer Cyclical sector average but below the industry average. Compared to its Consumer Cyclical sector average of 36.3%, H&R Block's gross margin is 20% higher.

HRB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is H&R Block's gross margin?

As of Sep 30, 2026, HRB has a gross margin of 43.7%.

What is H&R Block's operating margin?

As of Sep 30, 2026, HRB has an operating margin of 22.3%.

What is H&R Block's EBITDA margin?

As of Sep 30, 2026, HRB has an EBITDA margin of 26%.

What is H&R Block's net margin?

As of Sep 30, 2026, HRB has a net margin of 17.9%.

What are the average margins of HRB?

H&R Block's average margins over the last 3 years were 44.5% gross, 22.3% operating, 26.3% EBITDA, and 16.8% net.

What are the highest historical margins of HRB?

Across the 5-year period, HRB posted its highest margins at 45.7% gross in Jun 2022, 23.2% operating in Mar 2024, 27.5% EBITDA in Mar 2024, and 18.9% net in Mar 2026.

What are the lowest historical margins of HRB?

Across the 5-year period, HRB posted its lowest margins at 43.7% gross in Sep 2026, 19.6% operating in Mar 2023, 23.8% EBITDA in Mar 2023, and 13.6% net in Mar 2023.