The segment was up 3 percent in constant currency and 10 percent organically for the quarter. Revenue for the nine months of $551 million, however, was down 3 percent from $569 million in last year’s corresponding period with no impact on currency
Revenue growth was hurt by the loss of revenue from the Aumentum government business, which was sold in November 2019. It benefited by 3.8 percent from the shift of pay-per-return tax filings from the second quarter to the third quarter because of the tax deadline shift. That pushed transaction revenues, which are 19 percent of the total, up 25 percent.
Tax and Accounting had EBITDA of $47 million, up 42 percent from $33 million in last year’s corresponding quarter.
Overall, third-quarter net income of $244 million compared to a loss of $44 million a year ago. Company revenue was $1.44 billion, up 3 percent from $1.41 billion for the compared third quarters.