- Jeff Jones announced his retirement as President and CEO effective December 31, 2025, after leading the company for 8 years.
- The company has a well-managed succession plan, appointing Curtis as the new President and CEO starting January 1, 2026.
- Jones emphasized the importance of internal leadership development, with Curtis having over a decade of industry experience and familiarity with the company's strategy.
- Jones will remain as President and CEO until the end of 2025 to ensure a smooth transition, then serve as a strategic adviser until September 2026.
- The leadership change is positioned as a continuation of the current strategy, with no expected shifts in long-term plans.
- Jones expressed pride in the company's accomplishments under his leadership and confidence in Curtis's fit for the role.
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- Adjusted EPS was $4.66, up 5.7% from the prior year, supported by share repurchases and higher net income.
- EBITDA for fiscal 2025 was $976 million, a 1.4% improvement over the prior year but within the outlook range.
- Free cash flow generation was approximately $600 million, supporting strong liquidity and capital allocation.
- H&R Block reported fiscal 2025 total revenue of $3.8 billion, a 4.2% increase year-over-year.
- Net income from continuing operations was $609 million, with earnings per share (EPS) of $4.42, a 6.8% increase year-over-year.
- Total operating expenses increased 4.6% to $2.9 billion, driven by higher tax professional wages, benefits, healthcare costs, legal fees, and severance charges.
- David Fisher announced his transition from Chairman and CEO to Executive Chairman effective January 1, 2026, with a planned and deliberate leadership succession.
- Steve Cunningham will succeed David Fisher as CEO, and Scott Cornelis will become CFO, both starting in January 2026.
- Fisher emphasized the stability and confidence in the leadership team, citing their strong relationship and alignment on company vision.
- Fisher committed to staying in his new role for at least 2 years to ensure a seamless transition and continued strategic guidance.
- Jay Sidhu announced transition to Executive Chairman effective January 1, 2026, with Sam Sidhu becoming CEO.
- Highlight of the company's growth from a $200 million asset bank in 2009 to a $22 billion national franchise.
- Emphasis on attracting top talent and building a high-performance, innovative management team.
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