K.C. firm reports fewer tax clients
Kansas City, Mo. ? H&R Block Inc. said Thursday it saw fewer tax clients in February but still posted a slight increase in revenue.
The nation’s largest tax preparer said 5.9 million customers came into H&R Block offices last month, down 5.1 percent from the same period a year ago. The number was offset, however, by a 27.4 percent jump in customers doing their taxes online or with the company’s TaxCut software.
While the number of clients using H&R Block’s offices is diminishing, the average fees per client increased 6.3 percent in February to $154.22.
That helped the company generate $915.4 million in fees, up 1 percent from a year ago.
H&R Block shares rose 78 cents, or 3.8 percent, to close at $21.41 on the New York Stock Exchange.