OverviewSuggest Edit

Liberty Tax provides tax preparation services and solutions in the United States and Canada. The Company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States. Its customers include taxpayers who, for reasons of complexity, convenience, or the need for prompt tax refunds, seek assisted tax preparation services. Liberty Tax offers its products and services through a network of company-owned offices and franchised locations under the Liberty Tax, Liberty Tax Service, Liberty Income Tax, Liberty Canada, and SiempreTax+ brand names.
TypePublic
Founded1997
HQVirginia Beach, VA, US
Websitelibertytax.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Apr 2019)795(-47%)
Job Openings384
Revenue (FY, 2020)$2.2 B(+1524%)
Share Price (Aug 2018)$9.2(-10%)
Cybersecurity ratingCMore

Key People/Management at Liberty Tax

Nicole Ossenfort

Nicole Ossenfort

President and Chief Executive Officer

Liberty Tax Office Locations

Liberty Tax has an office in Virginia Beach
Virginia Beach, VA, US (HQ)
1716 Corporate Landing Pkwy
Show all (1)

Liberty Tax Financials and Metrics

Liberty Tax Revenue

Liberty Tax's revenue was reported to be $2.15 b in FY, 2020
USD

Revenue (FY, 2020)

2.2b

Gross profit (FY, 2020)

992.4m

Gross profit margin (FY, 2020), %

46.1%

Net income (FY, 2020)

27.2m

EBIT (FY, 2020)

76.1m

Market capitalization (1-Aug-2018)

119.8m

Closing stock price (1-Aug-2018)

9.2

Cash (26-Dec-2020)

151.5m

EV

1.1b
Liberty Tax's current market capitalization is $119.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

117.9m131.2m147.6m159.7m162.2m173.4m174.0m174.9m132.5m2.2b

Revenue growth, %

11%12%8%2%7%0%

Cost of goods sold

1.2b

Gross profit

992.4m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q1, 2020

Revenue

7.2m7.3m37.6m8.1m7.3m40.7m7.8m7.7m47.7m7.5m7.9m53.6m7.1m7.2m48.4m8.2m7.8m48.2m7.2m6.8m32.9m8.2m592.6m

Cost of goods sold

294.5m

Gross profit

298.0m

Gross profit Margin, %

50%
Annual
USDY, 2010Y, 2011Y, 2012FY, 2013Y, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016Y, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.1m1.7m19.8m19.0m19.0m46.1m46.1m21.4m21.4m9.9m9.9m16.4m18.5m23.0m151.5m

Accounts Receivable

71.3m65.7m65.9m46.1m71.7m49.9m54.7m66.8m58.6m90.6m

Prepaid Expenses

5.0m5.3m6.5m5.8m5.4m2.4m

Inventories

302.3m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q1, 2020

Cash

2.2m1.2m849.0k8.6m2.6m3.7m8.6m4.6m3.2m4.4m4.0m1.8m4.9m3.7m3.5m6.3m5.2m4.1m6.2m5.1m4.3m90.6m147.0m

Accounts Receivable

62.5m80.6m129.6m53.8m71.1m133.6m59.3m66.6m124.5m64.4m71.4m149.9m69.6m78.6m70.5m76.5m133.1m60.7m40.1m62.1m64.0m136.3m

Prepaid Expenses

2.1m3.0m18.7m2.5m2.9m18.5m3.1m3.8m18.4m2.6m2.4m21.2m2.8m3.2m23.1m4.7m3.9m19.5m3.2m3.2m

Inventories

9.6m359.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

17.6m22.0m8.7m19.4m13.0m135.0k(2.2m)25.1m

Depreciation and Amortization

5.8m7.8m8.5m6.9m8.3m11.5m13.6m62.5m

Inventories

97.7m

Accounts Payable

(1.8m)2.6m2.7m(6.2m)556.0k1.5m(785.0k)23.9m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q1, 2020

Net Income

(6.4m)(12.8m)(10.8m)(5.9m)(14.4m)(10.3m)(8.6m)(20.0m)(18.1m)(8.5m)(17.6m)(12.9m)(9.4m)(18.8m)(16.3m)(9.8m)(22.9m)(24.4m)(19.4m)(32.2m)(32.6m)(19.1m)61.9m

Depreciation and Amortization

1.6m3.6m4.4m1.6m

Inventories

(40.1m)

Accounts Payable

(6.8m)41.9m
Show all financial metrics

Liberty Tax Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Liberty Tax Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Liberty Tax Online and Social Media Presence

Embed Graph

Liberty Tax Company Culture

  • Overall Culture

    C

    70/100

  • CEO Rating

    B-

    73/100

  • Compensation

    D

    54/100

  • Diversity

    C

    67/100

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Liberty Tax News and Updates

NextPoint Acquisition Corp. to Acquire Liberty Tax and LoanMe to Create One-Stop Financial Services Destination for Consumers and Small Businesses

Concurrent acquisitions of leading tax return preparation service provider (Liberty Tax) and established consumer and small business lender (LoanMe), resulting in over 1.6 million combined current customers across North America and establishing a diversified financial services platform...

Franchise Group, Inc.’s Liberty Tax Service to Anchor NextPoint Acquisition Corp.’s Diversified Financial Services Platform

• Franchise Group to Receive in Excess of $240 million of Consideration, Including $182 million of Cash

Federal Court Permanently Bars Former Liberty Tax Service Owners from Tax Preparation Business

A federal court in Tampa, Florida has permanently barred Steven Doletzky, formerly doing business as Liberty Tax Service, from operating a tax return preparation business and preparing federal tax returns for others, the Justice Department announced today. read more

Liberty Tax parent settles with Justice Department, IRS

The deal includes a $3 million payment, and an agreement not to rehire the tax prep chain's founder, John Hewitt.

Government Announces Settlement With Liberty Tax To Resolve Fraud & Refund-Related Allegations

The Justice Department has announced a settlement with Franchise Group Intermediate L 1 LLC, (Liberty), the national franchisor and owner of Liberty Tax Service stores.

Liberty Tax, Inc. To Acquire Outlet Business From Sears Hometown And Outlet Stores, Inc.

VIRGINIA BEACH, Va. and HOFFMAN ESTATES, Ill., Aug. 27, 2019 /PRNewswire/ -- Liberty Tax, Inc. ("Liberty Tax") (OTC Pink: TAXA), the parent company of Liberty Tax Service and Buddy's Home Furnishings, and Sears Hometown and Outlet Stores, Inc. ("Sears Hometown") (NASDAQ: SHOS) today...
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Liberty Tax Frequently Asked Questions

  • When was Liberty Tax founded?

    Liberty Tax was founded in 1997.

  • Who are Liberty Tax key executives?

    Liberty Tax's key executives are Nicole Ossenfort.

  • How many employees does Liberty Tax have?

    Liberty Tax has 795 employees.

  • What is Liberty Tax revenue?

    Latest Liberty Tax annual revenue is $2.2 b.

  • What is Liberty Tax revenue per employee?

    Latest Liberty Tax revenue per employee is $2.7 m.

  • Who are Liberty Tax competitors?

    Competitors of Liberty Tax include Mazars, Debevoise & Plimpton and Optima Tax Relief.

  • Where is Liberty Tax headquarters?

    Liberty Tax headquarters is located at 1716 Corporate Landing Pkwy, Virginia Beach.

  • Where are Liberty Tax offices?

    Liberty Tax has an office in Virginia Beach.

  • How many offices does Liberty Tax have?

    Liberty Tax has 1 office.