H&R Block Reports Q1 Earnings Beat on Revenue and Non-GAAP EPS
H&R Block (NYSE: HRB) reported first-quarter financial results that exceeded analyst expectations for both top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of -$1.40, surpassing estimates by $0.05, while revenue reached $224.3 million, representing a 10.2% year-over-year increase and beating projections by $12.02 million. Despite the revenue growth, total operating expenses rose to $456.2 million, an 11.1% increase compared to the previous year. This rise in spending was primarily driven by higher field-related costs. The results reflect a period of significant top-line expansion alongside rising operational overhead.
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