Do-it-yourselfers provided the fuel as The company did not release return totals. However, it said the increase in the assisted business stemmed from early-season promotions, including Block’s Refund Advance no-interest loan and Free Federal 1040EZ offer.
DIY growth reflected continued product improvements, enhanced partnerships, and the H&R Block More Zero program.
Block reported those totals as it issued financial results for the third quarter ended January 31. The tax services company lost $243 million in the most recently ended period, compared to $101 million in red ink a year earlier. Revenue grew 8 percent to $488 million from $452 million in last year’s corresponding period