H&R Block (NYSE:HRB) reported fourth-quarter earnings that missed analyst estimates despite slightly exceeding revenue forecasts, sending shares down 6% as investors reacted to weaker guidance for the upcoming fiscal year.

The company posted adjusted earnings of $2.27 per share for the quarter, well below the consensus estimate of $2.98. Revenue came in at $1.11 billion, just above the expected $1.10 billion. For fiscal 2025, total revenue reached $3.8 billion, a 4.2% increase year-over-year, supported by higher net average charges and increased company-owned return volumes.

Operating expenses climbed 4.6% to $2.9 billion, driven by higher costs for compensation, benefits, marketing, consulting, technology, and legal services. Net income from continuing operations rose 1.9% to $609.5 million, while adjusted earnings per share from continuing operations grew 5.7% to $4.66.

For fiscal 2026, H&R Block projected revenue between $3.875 billion and $3.895 billion, above the $3.83 billion analyst consensus. However, earnings guidance of $4.85 to $5.00 per share came in below the expected $5.14.