H&R Block nearly succeeded in its effort to halt a slide in the number of tax returns it handles by posting only a modest decline in the tax season that ended April 18.
The Kansas City-based tax preparation company said it handled about 19.38 million returns, compared with roughly 19.55 million a year earlier. The decline equaled 0.8 of one percent following a 4.6 percent drop a year ago.
CEO Bill Cobb hailed the recent season’s results as evidence that H&R Block gained a greater share of the tax preparation market. Its decline in efiled returns was less than the total decline in efiled returns reported by the Internal Revenue Service.
“Despite an overall industry decline, I am delighted to report that we improved the client trajectory for the tax season and achieved overall market share gains,” Cobb said in the announcement.
H&R Block will release its fourth quarter financial results on June 13.
Read more: Kansas City Star