Exhibit 99.2

Blucora, Inc.

Supplemental Information

June 30, 2019

Table of Contents

Financial Information
Consolidated Financial Results	2
Reconciliation of Non-GAAP Financial Measures	5
Net Leverage Ratio	7
Reconciliation of Operating Free Cash Flow from Continuing Operations	8
Operating Metrics
Wealth Management	9
Tax Preparation	10

Blucora Consolidated Financial Results ⁽²⁾

(in thousands except %s and per share amounts, rounding differences may exist)	2017			2018															2019
	FY 12/31			1Q			2Q			3Q			4Q			FY 12/31			1Q			2Q
Segment revenue:
Wealth Management	$	348,620		$	92,082		$	92,015		$	91,887		$	97,190		$	373,174		$	89,532		$	127,831
Tax Preparation (1)	160,937			113,883			65,833			3,498			4,068			187,282			136,236			65,909
Total	$	509,557		$	205,965		$	157,848		$	95,385		$	101,258		$	560,456		$	225,768		$	193,740
Segment income (loss): (3)
Wealth Management	$	50,916		$	13,075		$	12,954		$	12,891		$	14,133		$	53,053		$	11,540		$	16,979
Tax Preparation (1)	72,921			58,806			44,121			(6,936)			(8,742)			87,249			79,272			41,368
Total	$	123,837		$	71,881		$	57,075		$	5,955		$	5,391		$	140,302		$	90,812		$	58,347
Segment income (loss) % of revenue:
Wealth Management	15		%	14		%	14		%	14		%	15		%	14		%	13		%	13		%
Tax Preparation (1)	45		%	52		%	67		%	(198)		%	(215)		%	47		%	58		%	63		%
Total	24		%	35		%	36		%	6		%	5		%	25		%	40		%	30		%
Unallocated corporate operating expenses (3)	$	22,907		$	5,541		$	4,238		$	4,572		$	6,143		$	20,494		$	7,105		$	6,221
Adjusted EBITDA*	$	100,930		$	66,340		$	52,837		$	1,383		$	(752)		$	119,808		$	83,707		$	52,126
Other unallocated operating expenses: (3)
Stock-based compensation	$	11,653		$	2,955		$	3,730		$	2,874		$	3,694		$	13,253		$	2,443		$	4,082
Acquisition and integration costs	—			—			—			—			—			—			1,797			9,183
Depreciation	4,137			2,002			1,124			930			947			5,003			1,310			1,662
Amortization of acquired intangible assets	34,002			8,357			8,855			8,271			8,103			33,586			8,044			9,169
Restructuring	3,101			289			2			—			(3)			288			—			—
Operating income (loss)	$	48,037		$	52,737		$	39,126		$	(10,692)		$	(13,493)		$	67,678		$	70,113		$	28,030
Unallocated other income/loss: (3)
Interest income	$	(110)		$	(40)		$	(58)		$	(119)		$	(132)		$	(349)		$	(140)		$	(149)
Interest expense	21,211			4,181			3,847			3,744			3,838			15,610			3,776			4,770
Amortization of debt issuance costs	1,089			203			284			172			174			833			172			375
Accretion of debt discounts	1,947			47			40			38			38			163			38			85
Loss on debt extinguishment and modification expense	20,445			776			758			—			—			1,534			—			—
Other (income) loss, net	(31)			61			(2,112)			28			29			(1,994)			112			37
Total	$	44,551		$	5,228		$	2,759		$	3,863		$	3,947		$	15,797		$	3,958		$	5,118
Income (loss) before income taxes	$	3,486		$	47,509		$	36,367		$	(14,555)		$	(17,440)		$	51,881		$	66,155		$	22,912
Income tax (benefit) expense: (4)
Cash	$	963		$	565		$	325		$	515		$	1,309		$	2,714		$	834		$	3,193
Non-cash (5)	(26,853)			1,398			582			(1,333)			(3,050)			(2,403)			3,151			(11,317)
Total	$	(25,890)		$	1,963		$	907		$	(818)		$	(1,741)		$	311		$	3,985		(8,124)
GAAP income (loss)	$	29,376		$	45,546		$	35,460		$	(13,737)		$	(15,699)		$	51,570		$	62,170		$	31,036
GAAP income (loss) per share - diluted	$	0.57		$	0.93		$	0.71		$	(0.37)		$	(0.38)		$	0.90		$	1.25		$	0.62
GAAP impact of noncontrolling interests (6)	(2,337)			(205)			(222)			(227)			(281)			(935)			—			—
GAAP net income (loss) attributable to Blucora, Inc.	$	27,039		$	45,341		$	35,238		$	(13,964)		$	(15,980)		$	50,635		$	62,170		$	31,036
Non-GAAP net income (loss)*	$	69,148		$	58,232		$	47,726		$	(4,430)		$	(7,492)		$	94,036		$	77,194		$	41,382

2

(in thousands except %s and per share amounts, rounding differences may exist)	2017			2018											2019
	FY 12/31			1Q		2Q		3Q		4Q		FY 12/31			1Q		2Q
Non-GAAP net income (loss) per share - diluted*	$	1.46	(7)	$	1.20	$	0.97	$	(0.09)	$	(0.16)	$	1.90	(8)	$	1.56	$	0.83
Outstanding Shares	46,366			46,828		47,494		47,816		48,044		48,044			48,255		48,779
Basic shares - GAAP	44,370			46,641		47,221		47,712		48,002		47,394			48,161		48,555
Diluted shares - GAAP	47,211			48,665		49,434		47,712		48,002		49,381			49,542		49,822

Notes to Consolidated Financial Results on next page

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Notes to Consolidated Financial Results

⁽¹⁾ As a highly seasonal business, almost all of the Tax Preparation revenue is generated in the first four months of the calendar year.

⁽²⁾ The operations of 1st Global are included in the Company's operating results as part of the Wealth Management segment from May 6, 2019 when 1st Global was acquired.

⁽³⁾ We do not allocate certain general and administrative costs (including personnel and overhead costs), stock-based compensation, acquisition and integration costs, depreciation, amortization of acquired intangible assets, restructuring, other income/loss, or income taxes to the reportable segments. The general and administrative costs are included in "Unallocated corporate operating expenses."

⁽⁴⁾ On December 22, 2017, the Tax Cuts and Job Act was signed into law. This law, effective January 1, 2018, lowered the corporate income tax rate from 35% to 21%. As a result of that reduction we re-valued our net deferred tax liabilities in 2017, which resulted in an additional income tax benefit of $21.4 million. During 2017 we recorded an income tax benefit of $25.9 million.

⁽⁵⁾ Amounts represent the non-cash portion of income taxes. We exclude the non-cash portion of income taxes because of our ability to offset a substantial portion of our cash tax liabilities by using deferred tax assets, which consist primarily of U.S. federal net operating losses. The majority of these net operating losses will expire, if unutilized, between 2020 and 2024.

⁽⁶⁾ GAAP income (loss) excludes the impact of noncontrolling interests associated with the HD Vest management rollover equity ownership of 4.48%. The impact of noncontrolling interests is recorded separately and after GAAP income (loss).

⁽⁷⁾ Calculation in FY 2017 used 47,211,000 diluted shares due to non-GAAP net income.

⁽⁸⁾ Calculation in FY 2018 used 49,381,000 diluted shares due to non-GAAP net income.

* Non-GAAP measure. See Reconciliation of Non-GAAP Financial Measures below for additional information.

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Blucora Reconciliation of Non-GAAP Financial Measures^{(1) (2)}

	2017		2018										2019
(in thousands except per share amounts, rounding differences may exist)	FY 12/31		1Q		2Q		3Q		4Q		FY 12/31		1Q		2Q
Adjusted EBITDA
Net income (loss) attributable to Blucora, Inc. (1) (2)	$	27,039	$	45,341	$	35,238	$	(13,964)	$	(15,981)	$	50,634	$	62,170	$	31,036
Stock-based compensation	11,653		2,955		3,730		2,874		3,694		13,253		2,443		4,082
Depreciation and amortization of acquired intangible assets	38,139		10,359		9,979		9,201		9,050		38,590		9,354		10,831
Restructuring	3,101		289		2		—		(3)		288		—		—
Other loss, net	44,551		5,228		2,759		3,863		3,947		15,797		3,958		5,118
Net income attributable to noncontrolling interests	2,337		205		222		227		281		935		—		—
Acquisition and integration costs	—		—		—		—		—		—		1,797		9,183
Income tax (benefit) expense	(25,890)		1,963		907		(818)		(1,741)		311		3,985		(8,124)
Adjusted EBITDA	$	100,930	$	66,340	$	52,837	$	1,383	$	(753)	$	119,808	$	83,707	$	52,126
Non-GAAP Net Income (Loss)
Net income (loss) attributable to Blucora, Inc. (1) (2)	$	27,039	$	45,341	$	35,238	$	(13,964)	$	(15,981)	$	50,634	$	62,170	$	31,036
Stock-based compensation	11,653		2,955		3,730		2,874		3,694		13,253		2,443		4,082
Amortization of acquired intangible assets	34,002		8,357		8,855		8,271		8,103		33,586		8,044		9,169
Accretion and write-off of debt discount and debt issuance costs on previous debt	17,875		—		—		—		—		—		—		—
Acquisition and integration costs	—		—		—		—		—		—		1,797		9,183
Restructuring	3,101		289		2		—		(3)		288		—		—
Impact of noncontrolling interests	2,337		205		222		227		281		935		—		—
Cash tax impact of adjustments to GAAP net income	(6)		(313)		(903)		(505)		(536)		(2,257)		(411)		(771)
Non-cash income tax (benefit) expense	(26,853)		1,398		582		(1,333)		(3,050)		(2,403)		3,151		(11,317)
Non-GAAP net income (loss)	$	69,148	$	58,232	$	47,726	$	(4,430)	$	(7,492)	$	94,036	$	77,194	$	41,382
Non-GAAP net income (loss) per share	$	1.06	$	1.20	$	0.97	$	(0.09)	$	(0.16)	$	1.90	$	1.56	$	0.83
Diluted shares	47,211		48,665		49,434		47,712		48,002		49,381		49,542		49,822

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Notes to Reconciliations of Non-GAAP Financial Measures to the Nearest Comparable GAAP Measures

⁽¹⁾ We define Adjusted EBITDA as net income (loss) attributable to Blucora, Inc., determined in accordance with GAAP, excluding the effects of stock-based compensation, depreciation, amortization of acquired intangible assets, restructuring, other loss, net, the impact of noncontrolling interests, acquisition and integration costs and income tax (benefit) expense. Restructuring costs relate to the relocation of our corporate headquarters that were completed in 2018. Acquisition and integration costs relate to the acquisition of 1st Global in the second quarter of 2019. The aforementioned items are only included in Adjusted EBITDA in the periods they occurred.

We believe that Adjusted EBITDA provides meaningful supplemental information regarding our performance. We use this non-GAAP financial measure for internal management and compensation purposes, when publicly providing guidance on possible future results, and as a means to evaluate period-to-period comparisons. We believe that Adjusted EBITDA is a common measure used by investors and analysts to evaluate our performance, that it provides a more complete understanding of the results of operations and trends affecting our business when viewed together with GAAP results, and that management and investors benefit from referring to this non-GAAP financial measure. Items excluded from Adjusted EBITDA are significant and necessary components to the operations of our business and, therefore, Adjusted EBITDA should be considered as a supplement to, and not as a substitute for or superior to, GAAP net income (loss). Other companies may calculate Adjusted EBITDA differently and, therefore, our Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

We define non-GAAP net income (loss) as net income (loss) attributable to Blucora, Inc., determined in accordance with GAAP, excluding the effects of stock-based compensation, amortization of acquired intangible assets, accretion and write-off of debt discount and debt issuance costs on previous debt, acquisition and integration costs (described further under Adjusted EBITDA above), restructuring costs (described further under Adjusted EBITDA above), the impact of noncontrolling interests, the related cash tax impact of those adjustments, and non-cash income taxes. We exclude the non-cash portion of income taxes because of our ability to offset a substantial portion of our cash tax liabilities by using deferred tax assets, which primarily consist of U.S. federal net operating losses. The majority of these net operating losses will expire, if unutilized, between 2020 and 2024. The aforementioned items are only included in non-GAAP net income (loss) in the periods they occurred.

We believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share provide meaningful supplemental information to management, investors, and analysts regarding our performance and the valuation of our business by excluding items in the statement of operations that we do not consider part of our ongoing operations or have not been, or are not expected to be, settled in cash. Additionally, we believe that non-GAAP net income (loss) and non-GAAP net income (loss) per share are common measures used by investors and analysts to evaluate our performance and the valuation of our business. Non-GAAP net income (loss) and non-GAAP net income (loss) per share should be evaluated in light of our financial results prepared in accordance with GAAP and should be considered as a supplement to, and not as a substitute for or superior to, GAAP net income (loss) and net income per share. Other companies may calculate non-GAAP net income (loss) and non-GAAP net income (loss) per share differently, and, therefore, our non-GAAP net income (loss) and non-GAAP net income (loss) per share may not be comparable to similarly titled measures of other companies.

⁽²⁾ As presented in the Blucora Consolidated Financial Results (unaudited) on page 2.

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Blucora Net Leverage Ratio

	2017			2018															2019
(in thousands except ratio, rounding differences may exist)	FY 12/31			1Q			2Q			3Q			4Q			FY 12/31			1Q			2Q
CASH:
Cash and cash equivalents	$	59,965		$	77,107		$	89,840		$	88,274		$	84,524		$	84,524		$	149,762		$	109,606
DEBT:
Senior secured credit facility	$	345,000		$	305,000		$	265,000		$	265,000		$	265,000		$	265,000		$	265,000		$	390,000
NET DEBT (1) (2)	$	(285,035)		$	(227,893)		$	(175,160)		$	(176,726)		$	(180,476)		$	(180,476)		$	(115,238)		$	(280,394)
Last twelve months:
SEGMENT INCOME:
Wealth Management	$	50,916		$	52,138		$	52,686		$	53,152		$	53,053		$	53,053		$	51,518		$	55,543
Tax Preparation	72,921			78,594			86,200			85,502			87,249			87,249			107,715			104,962
	$	123,837		$	130,732		$	138,886		$	138,654		$	140,302		$	140,302		$	159,233		$	160,505
Unallocated corporate operating expenses	(22,907)			(21,675)			(19,450)			(19,435)			(20,494)			(20,494)			(22,058)			(24,041)
ADJUSTED EBITDA (1)	$	100,930		$	109,057		$	119,436		$	119,219		$	119,808		$	119,808		$	137,175		$	136,464
LEVERAGE RATIO (1) (3)	2.8		x	2.1		x	1.5		x	1.5		x	1.5		x	1.5		x	0.8		x	2.1		x

(1) Non-GAAP measure.

(2) We define net debt as cash and cash equivalents less the outstanding principal of debt. Management believes that the presentation of this non-GAAP financial measure provides useful information to investors because it is an important liquidity measurement that reflects our ability to service debt.

(3) Net debt leverage ratio is net debt divided by Adjusted EBITDA. Adjusted EBITDA is reconciled to the nearest non-GAAP measure above.

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Blucora Reconciliation of Operating Free Cash Flow from Continuing Operations⁽¹⁾

	2017		2018										2019
(in thousands, rounding differences may exist)	FY 12/31		1Q		2Q		3Q		4Q		FY 12/31		1Q		2Q
Net cash provided (used) by operating activities from continuing operations	$	72,846	$	57,450	$	49,107	$	(974)	$	(35)	$	105,548	$	70,236	$	26,576
Purchases of property and equipment	(5,039)		(940)		(1,662)		(2,738)		(2,293)		(7,633)		(1,243)		(1,695)
Operating free cash flow from continuing operations	$	67,807	$	56,510	$	47,445	$	(3,712)	$	(2,328)	$	97,915	$	68,993	$	24,881

(1) We define operating free cash flow from continuing operations, which is a Non-GAAP measure, as net cash provided by operating activities from continuing operations less purchases of property and equipment. We believe operating free cash flow is an important liquidity measure that reflects the cash generated by the continuing businesses, after the purchases of property and equipment, that can then be used for, among other things, strategic acquisitions and investments in the businesses, stock repurchases, and funding ongoing operations.

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Blucora Operating Metrics - Wealth Management

	2017			2018															2019
(in thousands except %s, rounding differences may exist)	FY 12/31			1Q			2Q			3Q			4Q			FY 12/31			1Q			2Q
Segment revenue	$	348,620		$	92,082		$	92,015		$	91,887		$	97,190		$	373,174		$	89,532		$	127,831
Segment net revenue (1)	$	113,417		$	29,256		$	29,822		$	29,994		$	31,745		$	120,817		$	28,672		$	41,248
Segment income (2)	$	50,916		$	13,075		$	12,954		$	12,891		$	14,133		$	53,053		$	11,540		$	16,979
Segment income % of revenue	15		%	14		%	14		%	14		%	15		%	14		%	13		%	13		%
Segment income % of net revenue	45		%	45		%	43		%	43		%	45		%	44		%	40		%	41		%

(in thousands except %s, rounding differences may exist)			2017			2018															2019
	Sources of Revenue	Primary Drivers	FY 12/31			1Q			2Q			3Q			4Q			FY 12/31			1Q			2Q
Adviser-driven	Commission	- Transactions - Asset levels	$	160,241		$	42,870		$	40,384		$	41,015		$	39,932		$	164,201		$	37,160		$	48,068
	Advisory	- Advisory asset levels	145,694			39,301			40,058			41,443			43,551			164,353			39,757			61,410
Other revenue	Asset-based	- Cash balances - Interest rates - Number of accounts - Client asset levels	26,297			7,172			7,306			6,979			9,999			31,456			9,693			13,219
	Transaction and fee	- Account activity - Number of clients - Number of advisors - Number of accounts	16,388			2,739			4,267			2,450			3,708			13,164			2,922			5,134
	Total revenue		$	348,620		$	92,082		$	92,015		$	91,887		$	97,190		$	373,174		$	89,532		$	127,831
	Total recurring revenue (3)		$	277,546		$	72,962		$	75,369		$	74,228		$	80,558		$	303,117		$	73,241		$	106,557
	Recurring revenue rate (3)		79.6		%	79.2		%	81.9		%	80.8		%	82.9		%	81.2		%	81.8		%	83.4		%

(in thousands except %s and as otherwise indicated, rounding differences may exist)	2017			2018															2019
	FY 12/31			1Q			2Q			3Q			4Q			FY 12/31			1Q			2Q
Total Client Assets	$	44,178,710		$	44,383,024		$	45,016,993		$	46,413,409		$	42,249,055		$	42,249,055		$	46,164,603		$	67,602,006
Brokerage Assets	$	31,648,545		$	31,665,899		$	32,069,800		$	32,897,081		$	29,693,650		$	29,693,650		$	32,176,414		$	41,335,972
Advisory Assets	$	12,530,165		$	12,717,125		$	12,947,193		$	13,516,328		$	12,555,405		$	12,555,405		$	13,988,189		$	26,266,034
% of total Total Client Assets	28.4		%	28.7		%	28.8		%	29.1		%	29.7		%	29.7		%	30.3		%	38.9		%
Number of advisors (in ones)	3,999			3,920			3,709			3,687			3,593			3,593			3,553			4,225
Adviser-driven revenue per adviser (4)	$	76.5		$	21.0		$	21.7		$	22.4		$	23.2		$	91.4		$	21.6		$	25.9

1. Amount represents segment revenue less advisor commission payout.

2. Excludes expenses associated with non-recurring projects.

3. Recurring revenue consists of trailing commissions, advisory fees, fees from cash sweep programs, and certain transaction and fee revenue.

4. Full year adviser-driven revenue per adviser is based upon a full year of adviser-driven revenue.

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Blucora Operating Metrics - Tax Preparation

(in thousands except %s, rounding differences may exist)	Six months ended June 30,				U.S. tax seasons ended
Consumers	2019	2018	% change		April 16, 2019	April 19, 2018	% change
E-files	3,179	3,831	(17)	%	3,115	3,772	(17)	%

(in thousands except %s and as otherwise indicated, rounding differences may exist)	Six months ended June 30,				U.S. tax seasons ended
Preparers	2019	2018	% change		April 16, 2019	April 19, 2018	% change
E-files	1,916	1,833	5	%	1,833	1,763	4	%
Units sold (in ones)	20,583	20,637	—	%	20,502	20,588	—	%
E-files per unit sold (in ones)	93.1	88.8	5	%	89.4	85.6	4	%

10