10-K – 2025-08-15 – R11.htm

XML
41
R11.htm
IDEA: XBRL DOCUMENT

v3.25.2

Revenue Recognition

12 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]
 

Revenue Recognition
NOTE 2: REVENUE RECOGNITION
The majority of our revenues are from our U.S. tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:

(in 000s)
Year ended June 30, 2025 2024 2023
Revenues:
U.S. assisted tax preparation $ 2,413,229   $ 2,274,835  $ 2,167,138 
U.S. royalties 192,877   204,802  210,631 
U.S. DIY tax preparation 383,738   349,812  314,758 
Refund Transfers 137,526   142,249  143,310 
Peace of Mind® Extended Service Plan 87,326   93,087  95,181 
Tax Identity Shield® 29,920   33,386  38,265 
Emerald Card® and Spruce SM
72,888   76,093  84,651 
Interest and fee income on Emerald Advance® 28,958   40,933  47,554 
International 246,993   247,123  235,131 
Wave 109,222   96,472  90,314 
Other 58,318   51,555  45,252 
Total revenues $ 3,760,995   $ 3,610,347  $ 3,472,185 

Changes in the balances of deferred revenue and wages for POM are as follows:

(in 000s)
POM Deferred Revenue Deferred Wages
Year ended June 30, 2025 2024 2025 2024
Balance, beginning of the year $ 156,610   $ 167,257  $ 20,212   $ 21,828 
Amounts deferred 94,888   97,125  12,755   11,819 
Amounts recognized on previous deferrals (102,196) (107,772) (13,083) (13,435)
Balance, end of the year $ 149,302   $ 156,610  $ 19,884   $ 20,212 

As of June 30, 2025, deferred revenue related to POM was $149.3 million. We expect that $87.4 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years. POM deferred revenues are included in deferred revenue and other liabilities in the consolidated balance sheets. POM deferred wages are included in prepaid expenses and other current assets and other noncurrent assets.
As of June 30, 2025 and 2024, TIS deferred revenue was $22.6 million and $21.4 million, respectively. The related liabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred revenue related to TIS as of June 30, 2025 will be recognized by April 2026 .
A significant portion of our accounts receivable balances arise from services and products that we provide to our customers, with the exception of those related to EAs which arise from purchased participation interests with our bank partner. The majority of our receivables are related to RTs. Generally the prices of our services and products are fixed and determinable at the time of sale. For RTs, we record a receivable for our fees which is then collected at the time the IRS issues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and subsequent to the tax season. See note 4 for our accounts receivable balances.

X

- References No definition available.

+ Details

Name:
us-gaap_RevenueFromContractWithCustomerAbstract

Namespace Prefix:
us-gaap_

Data Type:
xbrli:stringItemType

Balance Type:
na

Period Type:
duration

X

- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Name:
us-gaap_RevenueFromContractWithCustomerTextBlock

Namespace Prefix:
us-gaap_

Data Type:
dtr-types:textBlockItemType

Balance Type:
na

Period Type:
duration