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
