• H&R Block average return on tangible equity for 2023 was -42.04, a 7.71% increase from 2022.
• H&R Block average return on tangible equity for 2022 was -45.55, a 56.53% decline from 2021.
• H&R Block average return on tangible equity for 2021 was -29.1, a 183.12% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.