H&R Block Completes Acquisition of Wave Financial

KANSAS CITY, Mo., July 01, 2019 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) today announced that it has completed its previously announced acquisition of Wave HQ Inc. (formerly known as Wave Financial Inc., “Wave”), a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances.  The purchase price of $405 million was funded with available cash.

“I’m delighted to announce the completion of the Wave acquisition,” said Jeff Jones, president and CEO of H&R Block.  “This acquisition strengthens our growth trajectory and expands our reach within the large and growing small business market.  Wave is a strong strategic fit and I am extremely excited to welcome such an innovative company with great products and an outstanding team to H&R Block.”

Wave will maintain its leadership team, including co-founder and CEO Kirk Simpson, operating independently within H&R Block from its headquarters in Toronto, Ontario.

About H&R Block

H&R Block, Inc. (NYSE: HRB) is a global consumer tax services provider.  services are provided by professional tax preparers in approximately 11,000 company-owned and franchise  worldwide, and through H&R Block  for the DIY consumer. H&R Block also offers adjacent Tax Plus products and services. In fiscal 2019, H&R Block had annual revenues of $3.1 billion with over 23 million tax returns prepared worldwide. For more information, visit the .

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For Further Information

Investor Relations:  Colby Brown, (816) 854-4559,

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