H&R Block Valuation Multiples

H&R Block Overview

About H&R Block

H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives the majority of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively.

Founded

2013

HQ

Employees

4.3K

Website

hrblock.com

Sectors

Tax & AccountingPersonal Services

Financials (LTM)

Revenue: $4B

EBITDA: $1B

EV

$7B

Valuation Multiples

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H&R Block Financials

H&R Block reported last 12-month revenue of $4B and EBITDA of $1B.

In the same LTM period, H&R Block generated $1B in EBITDA and $617M in net income.

H&R Block P&L

In the most recent fiscal year, H&R Block reported revenue of $4B and EBITDA of $976M.

H&R Block expects next 12-month revenue of XXX and NTM EBITDA of XXX

H&R Block Stock Performance

H&R Block has current market cap of $4B, and enterprise value of $7B.

H&R Block's stock price is $30.94.

H&R Block Valuation Multiples

H&R Block trades at 1.7x EV/Revenue multiple, and 6.4x EV/EBITDA.

H&R Block Financial Valuation Multiples

As of March 7, 2026, H&R Block has market cap of $4B and EV of $7B.

Equity research analysts estimate H&R Block's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

H&R Block has a P/E ratio of 6.4x.

H&R Block Margins & Growth Rates

H&R Block's revenue in the last 12 month grew by 3%.

H&R Block's revenue per employee in the last FY averaged $0.9M.

H&R Block's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

H&R Block's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

H&R Block Public Comps

See public comps and valuation multiples for other Tax & Accounting and Personal Services comps.

H&R Block M&A Activity

H&R Block acquired XXX companies to date.

Last acquisition by H&R Block was on XXXXXXXX, XXXXX. H&R Block acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

H&R Block Investment Activity

H&R Block invested in XXX companies to date.

H&R Block made its latest investment on XXXXXXXX, XXXXX. H&R Block invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).