HRB vs INTU: How H&R Block and Intuit Compare (2026)

Same yardstick, side by side (as of August 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: HRB is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. HRB and INTU share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined HRB and INTU exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

H&R Block prepares individual income tax returns in the United States, Canada and Australia through roughly 9,000 company-owned and franchise offices plus its own DIY software and mobile apps. Revenue comes mostly from fees for assisted returns, with a growing layer of adjacent products: Spruce mobile banking, Refund Transfer, Peace of Mind guarantees, small business services through Block Advisors, and Wave accounting software for the very small business market. The business is unusually concentrated in time. The fiscal year ends June 30, and the January to March quarter carries most of the annual revenue, so the first two fiscal quarters normally report operating losses while the company spends on marketing, seasonal hiring and office readiness ahead of filing season.

Full HRB guide

Intuit is a financial technology company built around four platforms: QuickBooks and Mailchimp for small and mid-market businesses, TurboTax for consumer tax filing, Credit Karma for consumer credit and personal finance, and a ProTax line for accountants. The company earns most of its revenue from recurring software subscriptions and services, with QuickBooks Online and TurboTax as the two largest profit engines. It generates high margins, returns cash through a growing dividend and large buybacks, and has been reorganizing its entire product suite around generative AI through its Intuit Assist assistant and a multi-year partnership with Anthropic to build custom AI agents.

Full INTU guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• HRB drivers: Price and mix rather than volume; Capital returns that shrink the float.
• INTU drivers: QuickBooks and the small-business platform; AI reinvention and the Anthropic partnership.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The structural risk is secular decline in paid assisted tax preparation as DIY software and general-purpose AI assistants make simple returns cheaper to self-file, which would compress volumes even if price per return keeps rising. For INTU, the central risk is that AI assistants and free or low-cost automated tools erode the perceived value of paid tax preparation and bookkeeping, pressuring Intuit's pricing power and its historically premium multiple.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick HRB if you believe its drivers more; INTU if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the HRB and INTU guides.

HRB. HRB trades at a single-digit earnings multiple, which is well below the broad US market and reflects a market that treats tax prep volumes as a melting asset rather than a growth business. Fiscal 2026 guidance implied revenue growth around 4% and adjusted EPS growth around 10%, with the gap between the two coming largely from share repurchases. Full fiscal 2026 results were scheduled for release on August 11, 2026, so the guidance figures above are the most recent company framing rather than final audited numbers.

INTU. Intuit posted about 10% revenue growth in fiscal Q3 2026 (the quarter ended April 2026, its seasonally largest tax quarter) and raised full-year guidance to roughly 13% to 14% growth with non-GAAP EPS around $23.80 to $23.85. Despite those results, the shares have fallen roughly 64% over the past year on AI-disruption fears, dropping from a 2025 peak near $800 to the mid-$270s and pushing the trailing P/E near 17, well below Intuit's ten-year median around 48. The result is a stock priced far more cautiously than its reported financials alone would suggest.

Headline figures (approximate, August 2026): HRB shows share price ~$46, market cap ~$5.8B, revenue (fy2026 guidance) ~$3.91B to $3.92B, adjusted diluted eps (fy2026 guidance) ~$5.10 to $5.20; INTU shows revenue (ttm) ~$20B, q3 fy2026 revenue ~$8.6B (+10% YoY), fy2026 revenue guidance ~$21.3B (+13% to 14%), market cap ~$75B.

HRB and INTU are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined HRB and INTU exposure against your real portfolio. It is not an investment adviser.