HRB H&R Block margins

Relative Growth: Rel. Growth: 61

Relative Strength: Rel. Strength: 57

Relative Valuation: Rel. Valuation: 94

Relative Profitability: Rel. Profitability: 56

Gross margin

44.3%

Operating margin

23%

EBITDA margin

26.7%

Net margin

18.6%

Current H&R Block reports a gross margin of 44.3%, an operating margin of 23%, an EBITDA margin of 26.7%, and a net margin of 18.6%. Of the available margins, net margin increased the most and gross margin fell the most, by 2.5 and 0.2 percentage points respectively.

HRB margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, H&R Block's margins averaged 44.56% gross, 22.25% operating, 26.29% EBITDA, and 16.68% net. For H&R Block, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

HRB margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 1 percentage point, EBITDA margin by 0.8 percentage points, and net margin by 2.5 percentage points, but gross margin contracted by 0.2 percentage points.

Gross margin expansion

-0.2pp

Operating margin expansion

1pp

EBITDA margin expansion

0.8pp

Net margin expansion

2.5pp

HRB Gross margin

H&R Block's gross margin averaged 44.56% over the last 3 years. Compared with its three-year average, H&R Block's current gross margin is 44.3% and is 0.3 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 44.2% in Dec 2025.

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 23%, 0.8 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 26.29%. H&R Block's current EBITDA margin is 26.7% and is 0.4 percentage points above 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 16.68% over the last 3 years. Right now, the current net margin for H&R Block is 18.6%, 1.9 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 44.3% is above the Consumer Cyclical sector and its peers average but below the industry average. Compared to its Consumer Cyclical sector average of 36.3%, H&R Block's gross margin is 22% higher.

HRB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is H&R Block's gross margin?

As of Jun 30, 2026, HRB has a gross margin of 44.3%.

What is H&R Block's operating margin?

As of Jun 30, 2026, HRB has an operating margin of 23%.

What is H&R Block's EBITDA margin?

As of Jun 30, 2026, HRB has an EBITDA margin of 26.7%.

What is H&R Block's net margin?

As of Jun 30, 2026, HRB has a net margin of 18.6%.

What are the average margins of HRB?

H&R Block's average margins over the last 3 years were 44.6% gross, 22.3% operating, 26.3% EBITDA, and 16.7% 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 43.8% gross in Mar 2023, 19.6% operating in Mar 2023, 23.8% EBITDA in Mar 2023, and 13.6% net in Mar 2023.