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Block Gains Market Share

Monday, May 24 2021
Tax
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H&R Block estimates it gained .3 percent market share for the recently ended tax season, the company said this week. Block also believes it gained about .7 percent share in the Assisted category.

Block did not release the number of returns involved as it provided preliminary results for the year ended April 30. Results will be announced on June 15.

The statement about the strength of assisted return preparation coincides with the latest statistics about the 2021 tax season from the Internal Revenue Service, which reported the number of efiles submitted by tax professionals soared ahead of last year by 17.5 percent in a report covering the tax season through May 14.

 The company noted results for the entire 2021 tax season were shifted into the current quarter with the extension of tax season through May 17.
Block reported it expects to report net income of $585 million to $591 million and revenue of $3.4 billion to $3.14 billion for fiscal 2021

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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