Gold bars to be exempt from tariffs, White House clarifies
H&R Block, Inc. (NYSE:HRB) announced that its wholly-owned subsidiary, Block Financial LLC, entered into a Fifth Amended and Restated Credit and Guarantee Agreement on Friday. The amended credit facility extends the maturity date of the company’s existing $1.5 billion credit line from June 11, 2026, to July 11, 2030.
JPMorgan Chase (NYSE:JPM) Bank, N.A. continues as the administrative agent, with H&R Block as guarantor and Block Financial as borrower. The agreement also revises the applicable interest rate table. Other material terms of the credit facility remain substantially unchanged from the previous agreement, which was last amended in May 2023.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission.
In other recent news, H&R Block reported its financial results for the third quarter of 2025, surpassing analyst expectations with an earnings per share (EPS) of $5.38, compared to the forecasted $5.25. The company also reported revenue of $2.3 billion, exceeding the anticipated $2.26 billion. This marks a 4.2% increase in revenue year-over-year, attributed to a rise in net average charge and increased assisted return volume. Additionally, H&R Block completed a significant share repurchase, retiring 6.5 million shares. The company reiterated its fiscal year 2025 outlook, expecting revenue between $3.69 billion and $3.75 billion and adjusted EPS projected between $5.15 and $5.35. Analyst firms such as Northcoast Research have noted the shift in consumer preference from DIY to assisted tax preparation, which has positively impacted the company’s performance. The company also reported a 9.2% increase in EPS, driven by higher net average charge and effective labor management.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.