H&R Block Reports Tax Return Volume Through April 18; To Announce Fiscal 2013 Results on June 12

H&R Block Reports Tax Return Volume Through April 18; To Announce Fiscal 2013 
Results on June 12 
KANSAS CITY, MO -- (Marketwired) -- 04/25/13 --  H&R Block, Inc.
(NYSE: HRB) 


 
--  Share of total U.S. returns essentially flat compared to prior year
--  22.0 million total U.S. clients served, down 190,000 or 0.9 percent(1)
--  Online returns grew 10.4 percent; total digital returns increased 3.2
    percent

  
H&R Block, Inc. (NYSE: HRB), the world's largest consumer tax services
provider, today released its U.S. tax return volume through April 18.
Total U.S. returns decreased 0.9(1) percent compared to the prior
year to 22.0 million.  
"The industry experienced unprecedented delays and changes to the
timing of taxpayer filings this tax season which created significant
challenges," said Bill Cobb, H&R Block's president and chief
executive officer. "I am pleased that we remained focused and
executed well as we closed the tax season. We remain committed to our
long-term growth initiatives for fiscal 2014 and beyond," added Cobb. 
Total tax returns prepared through the company's H&R Block At
Home(TM) digital products increased 3.2 percent through April 18, led
by strong online unit growth of 10.4 percent. Total U.S. assisted
returns prepared fell 2.8 percent due in part to lower overall IRS
filings than expected as well as changes in the company's Free
Federal 1040EZ promotion, which was offered for a limited time
through February 15 this tax season.  
Based on available data through April 18, the company's preliminary
analysis suggests that its share of total U.S. tax returns was
essentially flat compared to the prior year as share gains of
approximately 50 basis points in the digital online category were
offset by an approximate 30 basis point decline in share in the
assisted category. 
"By executing on our strategic initiatives, we continue to strengthen
our position in the key digital online category. Our overall mix of
digital clients improved this year and we gained online market share
for the third consecutive year," said Cobb.  
H&R Block to Announce Fiscal 2013 Results on June 12 
The company will announce fiscal 2013 results on Wednesday, June 12,
2013, after the New York Stock Exchange market close. At that time, a
copy of the press release will be available on the company's investor
relations website at http://investors.hrblock.com.  
At 4:30 p.m. Eastern on June 12, 2013, the company will host a
conference call for analysts, institutional investors and
shareholders. To access the call, please dial the number below
approximately 5 to 10 minutes prior to the scheduled starting time:  
U.S./Canada (877) 809-6980 or International (706) 758-0071 
Conference ID: 57796144 
The call will also be webcast in a listen-only format for the media
and public. The link to the webcast can be accessed directly at
http://investors.hrblock.com. 
A replay of the call will be available beginning at 6:30 p.m. Eastern
on June 12, 2013, and continuing until July 12, 2013, by dialing
(855) 859-2056 (U.S./Canada) or (404) 537-3406 (International). The
conference ID is 57796144. The webcast will be available for replay
June 13, 2013 at http://investors.hrblock.com.  
About H&R Block
 H&R Block, Inc. (NYSE: HRB) is the world's largest
consumer tax services provider. More than 600 million tax returns
have been prepared worldwide by and through H&R Block since 1955. In
fiscal 2012, H&R Block had annual revenues of $2.9 billion with 25.6
million tax returns prepared worldwide. Tax return preparation
services are provided in company-owned and franchise retail tax
offices by approximately 90,000 professional tax preparers, and
through H&R Block At Home(TM) digital products. H&R Block Bank
provides affordable banking products and services. For more
information, visit the H&R Block Online Press Center. 
Forward-Looking Statements 
 This press release may contain
forward-looking statements within the meaning of the securities laws.
Forward-looking statements can be identified by the fact that they do
not relate strictly to historical or current facts. They often
include words or variation of words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," "projects,"
"forecasts," "targets," "would," "will," "should," "could" or "may"
or other similar expressions. Forward-looking statements provide
management's current expectations or predictions of future
conditions, events or results. All statements that address operating
performance, events or developments that we expect or anticipate will
occur in the future are forward-looking statements. They may include
estimates of revenues, income, earnings per share, capital
expenditures, dividends, liquidity, capital structure or other
financial items, descriptions of management's plans or objectives for
future operations, products or services, or descriptions of
assumptions underlying any of the above. All forward-looking
statements speak only as of the date they are made and reflect the
Company's good faith beliefs, assumptions and expectations, but they
are not guarantees of future performance or events. Furthermore, the
Company disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions, factors, or expectations, new information, data or
methods, future events or other changes, except as required by law.
By their nature, forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those suggested by the forward-looking statements. Factors that
might cause such differences include, but are not limited to, a
variety of economic, competitive and regulatory factors, many of
which are beyond the Company's control and which are described in our
Annual Report on Form 10-K for the fiscal year ended April 30, 2012
in the section entitled "Risk Factors," as well as additional factors
we may describe from time to time in other filings with the
Securities and Exchange Commission. You should understand that it is
not possible to predict or identify all such factors and,
consequently, you should not consider any such list to be a complete
set of all potential risks or uncertainties.  
(1) Unless otherwise noted, all comparisons, including those made to
the "prior year," refer to the current period compared to the prior
year period. 


 
                                                                            
                                                                            
H&R Block                                                                   
U.S. Tax Operating Data                                                     
----------------------------------------------------------------------------
(in thousands)                                                              
                                                                            
                                          ----------  ----------  ----------
                                            Fiscal      Fiscal              
                                            Year to     Year to             
                                             Date        Date       Percent 
                                            through     through     change  
                                            4/18/13     4/18/12             
                                          ----------  ----------  ----------
                                                                            
Total returns prepared: (1)                                                 
  H&R Block Company-owned operations           8,879       9,205       -3.5%
  H&R Block Franchise operations               5,560       5,657       -1.7%
                                          ----------  ----------  ----------
    Total H&R Block assisted returns          14,439      14,862       -2.8%
                                          ----------  ----------  ----------
                                                                            
  H&R Block At Home Desktop                    1,978       2,115       -6.5%
  H&R Block At Home Online                     4,857       4,400       10.4%
                                          ----------  ----------  ----------
    Sub-total                                  6,835       6,515        4.9%
                                          ----------  ----------  ----------
                                                                            
  H&R Block Free File Alliance                   769         856      -10.2%
                                          ----------  ----------  ----------
    Total H&R Block at Home                    7,604       7,371        3.2%
                                          ----------  ----------  ----------
  Total H&R Block U.S. Returns                22,043      22,233       -0.9%
                                          ==========  ==========  ==========
                                                                            
(1) Prior year numbers have been reclassified between company-owned and     
 franchise operations for offices that were refranchised during either year.

  
For Further Information
Investor Relations:
Colby Brown
(816) 854-4559
colby.brown@hrblock.com 
Media Relations:
Gene King
(816) 854-4672
gene.king@hrblock.com
 
 
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