v3.26.1
Revenue Recognition
 12 Months Ended
Jun. 30, 2026
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 30,202620252024
Revenues:
U.S. assisted tax preparation$2,560,895 $2,413,229 $2,274,835 
U.S. royalties185,429 192,877 204,802 
U.S. DIY tax preparation384,618 383,738 349,812 
Refund Transfers145,132 137,526 142,249 
Peace of Mind® Extended Service Plan84,611 87,326 93,087 
Tax Identity Shield®34,185 29,920 33,386 
Emerald Card® and SpruceSM
68,815 72,888 76,093 
Interest and fee income on Emerald Advance®30,653 28,958 40,933 
International 265,382 246,993 247,123 
Wave®122,694 109,222 96,472 
Other62,978 58,318 51,555 
Total revenues$3,945,392 $3,760,995 $3,610,347 
Changes in the balances of deferred revenue and wages for POM are as follows:
(in 000s)
POMDeferred RevenueDeferred Wages
Year ended June 30, 2026202520262025
Balance, beginning of the year$149,302 $156,610 $19,884 $20,212 
Amounts deferred111,349 94,888 14,317 12,755 
Amounts recognized on previous deferrals(96,497)(102,196)(12,461)(13,083)
Balance, end of the year$164,154 $149,302 $21,740 $19,884 
As of June 30, 2026, deferred revenue related to POM was $164.2 million. We expect that $93.0 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, 2026 and 2025, TIS deferred revenue was $28.2 million and $22.6 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, 2026 will be recognized by April 2027.
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.