Number of H&R Block locations in the USA in 2024 | ScrapeHero (2024)

FAQs

Number of H&R Block locations in the USA in 2024 | ScrapeHero? ›

Number of H&R Block locations in the United States in 2024

With over 70,000 experienced tax pros working in over 12,000 offices across the globe, you can count on H&R Block for expat tax help and expert service.

H&R Block revenue for the twelve months ending March 31, 2024 was $3.580B, a 2.57% increase year-over-year. H&R Block annual revenue for 2023 was $3.472B, a 0.26% increase from 2022. H&R Block annual revenue for 2022 was $3.463B, a 1.44% increase from 2021.

“H&R Block helped 20+ million clients file their taxes last year with half of them in-person at one of our 10,000 offices.

As part of its annual review, H&R Block has decided to close over 400 smaller offices across the nation due to lower profit margins and diminishing sales. The result of too many offices, too close together, has created a decreased consumer need for the company's long standing, wide-ranging tax preparation services.

H&R Block (HRB) Ownership Overview

The ownership structure of H&R Block (HRB) stock is a mix of institutional, retail and individual investors. Approximately 82.66% of the company's stock is owned by Institutional Investors, 13.02% is owned by Insiders and 4.32% is owned by Public Companies and Individual Investors.

Kansas City, MO

H&R Block / Headquarters

According to H&R Block 's latest financial reports the company's current revenue (TTM ) is $3.57 B. In 2023 the company made a revenue of $3.48 B an increase over the revenue in the year 2022 that were of $3.45 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

So far in 2024, the average federal income tax refund is $2,850, an increase of 3.5% from 2023. It's not entirely unexpected: To adjust for inflation, the IRS raised both the standard deduction and tax brackets by about 7%.

Portfolio Careers through Skills: The concept of a lifelong career with a single company is becoming outdated. In 2025, HR will focus on retention through building employees' skills rather than just filling roles. People will pursue portfolio careers, accumulating a diverse range of skills and experiences.

Is there a class action lawsuit against H&R Block? ›

LOS ANGELES, CALIFORNIA, UNITED STATES, September 27, 2023 /EINPresswire.com/ -- Citing organized crime statutes, attorneys with Wisner Baum have filed the first RICO class action alleging that H&R Block, Meta, and Google jointly schemed to install spyware on the H&R Block site, scraping customers' private tax return ...

The announcement was made on Jan. 29, the first day of the 2024 tax season. According to the settlement, up to $1.6 million in restitution will be given to tens of thousands of California residents who unfairly paid H&R Block to file their federal tax returns when they were eligible to file their returns for free.

There are 8,788 H&R Block locations in the United States as of February 12, 2024. The state and territory with the most number of H&R Block locations in the US is California, with 769 locations, which is about 9% of all H&R Block locations in the US.

H&R Block marketed free products to many consumers who didn't qualify and made it difficult to downgrade, according to the complaint. One hurdle to switching products included “data wiping” — or deleting a user's in-progress tax return information — which required them to start again from scratch.

The maximum penalty is up to 25% of the tax due. The 0.5% rate increases to 1% if the tax remains unpaid 10 days after the IRS issues a notice of intent to levy.

H&R Block has 11,000 branded locations nationwide, and will recommend Xero in the locations that sell H&R Block's Small Business Program suite of services.

In July 1955, Henry and Richard created a new company, replacing United Business Company with a new firm that specialized in income tax return preparation: H&R Block, Inc. They named the company “Block” because their family name, “Bloch,” had always been difficult for people to pronounce and spell.

It rose by almost 200 places to No. 787. H&R Block, a Kansas City-based tax preparation firm, fell 87 places to No. 828 with a 3.5% decrease in revenue.