H&R Block (HRB) Cash Flow: Operating & Free Cash Flow

H&R Block (HRB) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jun 30, 2026), H&R Block generated $838.70M of operating cash flow and spent $82.61M on capital expenditures. That left free cash flow of $756.08M, up 26.3% from $598.85M a year earlier, or 19.2% of revenue. It returned $723.91M to shareholders through $211.00M in dividends and $512.90M in share buybacks.

H&R Block Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for H&R Block, Inc. (HRB) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Operating Activities
Net Income	0.73	0.61	0.60	0.55	0.55	0.68	0.58	-0.01	0.42	0.61	0.41
Depreciation & Amortization	0.12	0.12	0.12	0.13	0.14	0.15	0.16	0.17	0.17	0.18	0.18
Deferred Income Tax	0.01	-0.03	-0.04	0.05	-0.05	-	-0.02	-0.01	0.00	0.11	0.05
Stock Based Compensation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02
Change in Working Capital	-0.13	-0.10	-0.07	0.00	0.06	-0.67	-0.19	-0.26	-0.08	-0.16	-0.16
Change in Accounts Receivable	-0.07	-0.06	-0.11	-0.06	-0.04	-0.07	-0.15	-0.07	-0.07	-0.06	-0.08
Change in Accounts Payable	0.01	-0.02	0.00	-0.07	0.00	0.09	0.15	0.00	0.00	0.03	-0.03
Change in Other Working Capital	-0.02	-0.02	0.04	0.13	0.10	-0.02	-0.19	-0.19	0.00	-0.12	-0.05
Other Operating Activities	0.01	0.07	0.08	0.05	0.07	0.11	0.07	0.18	0.07	0.07	0.05
Net Cash from Operating Activities	0.84	0.68	0.72	0.82	0.81	0.76	0.63	0.11	0.61	0.85	0.55
Investing Activities
Capital Expenditures	-0.08	-0.08	-0.06	-0.07	-0.06	-0.05	-0.05	-0.08	-0.10	-0.10	-0.09
Acquisitions	-0.06	-0.04	-0.04	-0.05	-0.04	-0.02	-0.02	-0.45	-0.04	-0.04	-0.05
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.02	0.01	0.01	0.02	0.02	0.03	0.02	0.06	-0.02	0.03	0.24
Net Cash from Investing Activities	-0.12	-0.11	-0.09	-0.10	-0.08	-0.04	-0.05	-0.47	-0.16	-0.11	0.10
Financing Activities
Debt Repayment	-2.73	0.00	-1.03	0.00	-0.50	-0.65	-2.00	2.00	0.00	0.00	0.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.03	0.00
Common Stock Repurchased	-0.51	-0.44	-0.38	-0.57	-0.56	-0.19	-0.19	-0.26	-0.19	-0.01	-0.32
Dividends Paid	-0.21	-0.20	-0.18	-0.18	-0.19	-0.20	-0.20	-0.20	-0.21	-0.20	-0.19
Other Financing Activities	-0.01	-0.01	0.00	-0.01	-0.01	-0.02	-0.02	-0.01	-0.01	-0.01	-0.02
Net Cash from Financing Activities	-0.73	-0.65	-0.56	-0.75	-1.26	-1.92	-2.41	1.53	-0.40	-0.19	-0.53
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	-0.01	0.01	0.02	-0.01	0.00	0.00	0.00
Net Change in Cash	-0.03	-0.07	0.06	-0.04	-0.53	-1.19	-1.81	1.17	0.04	0.55	0.11
Cash at Beginning of Period	1.00	1.08	1.02	1.05	1.58	-	2.87	1.71	1.66	1.12	0.90
Cash at End of Period	0.98	1.00	1.08	1.02	1.05	-	1.06	2.87	1.71	1.66	1.01
Free Cash Flow	0.76	0.60	0.66	0.75	0.75	0.71	0.57	0.03	0.51	0.75	0.46
Supplemental Disclosures
Interest Paid	-	0.07	0.08	0.07	0.08	0.09	-	-	-	-	-
Income Taxes Paid	-	0.23	0.13	-0.05	0.03	0.31	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About H&R Block Cash Flow

What is H&R Block's free cash flow?

H&R Block generated free cash flow of $756.08M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $838.70M minus $82.61M of capital expenditures. That was up 26.3% from $598.85M a year earlier. Free cash flow equaled 19.2% of revenue.

How much does H&R Block spend on capital expenditures?

H&R Block spent $82.61M on capital expenditures in fiscal 2026, compared with $82.03M a year earlier. That equals 9.9% of operating cash flow.

Does H&R Block pay dividends or buy back shares?

Yes. In fiscal 2026 H&R Block returned $211.00M in dividends and $512.90M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition