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H&r Block Inc  (HRB)
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    Sector  Services    Industry Personal Services
 

H&r Block Inc's

Competitiveness


 

HRB Sales vs. its Competitors Q3 2017



Comparing the results to its competitors, H&r Block Inc reported Total Revenue increase in the 3 quarter 2017 by 7.25 % year on year, while most of its competitors have experienced contraction in revenues by -4.06 %, recorded in the same quarter.

List of HRB Competitors




   
       
 
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Net Income Comparison


H&r Block Inc recorded net loss , despite income increase by most of its competitors of 5.45 %

<<  More on HRB Income Comparisons
   
     


H&r Block Inc's Comment on Competitors and Industry Peers


We provide both assisted and DIY tax preparation services and products and face substantial competition in and across each category. There are a substantial number of tax return preparation firms and accounting firms offering tax return preparation services, and we face significant competition from independent tax preparers and certified public accountants. Many tax return preparation firms are involved in providing electronic filing services and refund transfers or similar services to the public. Commercial tax return preparers are highly competitive with regard to price and service, and many firms offer services that may include preparation of tax returns at no charge. Our assisted tax preparation business also faces competition from firms offering DIY tax preparation services and products. In terms of the number of offices and personal tax returns prepared and electronically filed in offices, online and via our software, we are one of the largest single providers of tax return preparation solutions and electronic filing services in the U.S. We also believe we operate the largest tax return preparation businesses in Canada and Australia.

Our DIY tax preparation options include various forms of digital electronic assistance, including online, mobile and desktop software. Many other companies offer digital and online tax preparation services, including Intuit, Inc., our largest competitor offering such services. Like all tax return preparation services and products, price and marketing competition for digital tax preparation services is intense among value and premium products and many firms offer digital services and products at no charge. Our digital DIY tax solutions services and products also compete with in-office tax preparation services. U.S. federal and certain state and foreign taxing authorities also currently offer, or facilitate the offering of, tax return preparation and filing options to taxpayers at no charge.

HRB Bank provides banking services primarily to our assisted and DIY tax clients and for many of these clients, HRB Bank is their only provider of banking services. HRB Bank does not seek to compete broadly with regional or national retail banks.



<<  See the full list of HRB competitors


Competitiveness By Company's Divisions



  

Tax Services Segment Market Share Q3 2017

Tax Services segment revenue, grew with moderate pace of 2.71 % slower than competitors within this segment.

<<  More on HRB Market Share.
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