BUSY SEASON MANAGEMENT

H&R Block Lagging Behind Last Year

H&R Block

Down 7% so far this tax season. Market share up.

By CPA Trendlines

H&R Block reports that its pace of filing is down from the year-ago period, but not as much as the rest of the industry.

MORE TAX SEASON DATA: Pro E-Filing own 10%  |  Tax Refunds Up Slightly | Tax Filings Data Looking Less Squirrely | Tax Return Filings Still Lag, But Pros Hold 57% of Market | Tax Filings Down, but IRS Blames the Calendar

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H&R Block return volume outperformed industry results when compared to IRS data reported through February 24. Market share gains were realized in both the Assisted and DIY categories. In the Assisted category, H&R Block outperformed the industry with a decline of 8% compared to the IRS reported decline of 13%. In the DIY category, H&R Block outperformed the industry with a decline of 5% compared to the IRS reported decline of 8%. While overall industry and company volume is expected to improve during the second half of the tax season, company performance relative to the industry is expected to moderate given the conclusion of its Free Federal 1040EZ and Refund Advance promotions on February 28.