H&R Block Tax Receipts Up - TheStreet

H&R Block's

(HRB) - Get Report

tax preparation fees were up 6.8% from a year ago through March 15, reflecting slightly more customers and a higher average fee.

Overall fees so far this season are $1.7 billion, reflecting a 0.1% rise in customers of its U.S. retail operations, including an 8% rise in digital filings. The average fee per customer rose 6.7% to $145.08.

"The mix of clients we're serving indicates that a greater number of more complex tax returns is driving an increase in the average fee per client," the company said. "Overall, the results thus far are on track with our expectations for the tax season."

The stock closed Wednesday at $50.39, about midway between its 52-week high of $55.86 and 52-week low of $44.16.