Small Business Growth
Assisted small business tax delivered strong revenue growth with double-digit revenue growth year-over-year in bookkeeping and payroll services.
Wave Revenue Increase
Wave achieved revenue growth of 15% in the quarter, driven by strong adoption of high-margin subscription products.
Spruce Platform Success
Spruce, the mobile banking platform, saw a 55% increase in sign-ups compared to the prior year, with customer deposits more than doubling.
AI Tax Assist Enhancement
The AI Tax Assist tool was significantly expanded, leading to greater conversion among new clients.
Strategic Capital Allocation
Share repurchase program was highlighted, buying back $190 million in the quarter, totaling 5% of the float for the year.