Liberty Tax

Liberty Tax is income tax preparation at its best: friendly, accurate, and with a money back guarantee. In addition to consulting services, Liberty Tax offers e-file and do-it-yourself preparation. Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you. Receive alerts with new job opportunities that match your interests Receive relevant communications and updates from our organization Founded in 1997 by CEO & tax industry expert John Hewitt, Liberty Tax is the fastest-growing tax preparation franchise ever. From its start as Canadian company U&R Tax Depot, Liberty Tax has become an industry leader with a network of over 30,000 tax preparers and almost 16 million individual tax returns prepared. In just 16 years, Liberty Tax has grown to more than 4,500 offices operating in the U.S. and Canada. What makes Liberty Tax unique? We highly support our franchisees and firmly stand by our mission statement. Known for our Liberty wavers, roadside parties, and fun company culture, Liberty Tax has been recognized as raising the bar for all franchises, not just personal income tax-based businesses. Liberty Tax has been ranked as a top franchise opportunity by Entrepreneur magazine for 4 consecutive years and a top tax firm by Accounting Today in 2010 and 2011. We have been awarded a top spot among franchises by magazines such as Black Enterprise, Poder/Hispanic Enterprise, and Military Times Edge. Liberty Tax went public in 2012 and is traded on the NASDAQ stock exchange (TAX). The company is headquartered in Virginia Beach, VA.
Type
Public
HQ
Virginia Beach, US
Founded
1997
Size (employees)
1,332 (est)+30%
Liberty Tax was founded in 1997 and is headquartered in Virginia Beach, US

Liberty Tax Office Locations

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

Liberty Tax Data and Metrics

Liberty Tax Financial Metrics

Liberty Tax's revenue was reported to be $174 m in FY, 2017
USD

Revenue (FY, 2017)

174 m

Revenue growth (FY, 2016 - FY, 2017), %

0%

Net income (FY, 2017)

13 m

EBIT (FY, 2017)

23.3 m

Market capitalization (15-Aug-2017)

193.4 m

Cash (30-Apr-2017)

16.4 m
Liberty Tax's current market capitalization is $193.4 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

117.9 m131.2 m147.6 m159.7 m162.2 m173.4 m174 m

Revenue growth, %

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

Sales and marketing expense

44.6 m

General and administrative expense

58.2 m

Operating expense total

124.9 m146.8 m140.9 m150.7 m

EBIT

35 m15.6 m32.6 m23.3 m

EBIT margin, %

22%10%19%13%

Interest expense

2 m1.9 m2 m1.4 m1.9 m2 m(2.6 m)

Interest income

14.7 m13.6 m13 m

Pre tax profit

13.5 m30.5 m20.8 m

Income tax expense

10.1 m9.7 m11.2 m13.7 m4.8 m11.1 m7.8 m

Net Income

22 m8.7 m19.4 m13 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

7.8 m7.7 m47.7 m7.5 m7.9 m53.6 m7.1 m7.2 m48.4 m

Sales and marketing expense

8.4 m9.7 m10.5 m8.6 m8.2 m11.6 m9.7 m8.9 m11.2 m

General and administrative expense

7.5 m10.4 m13 m7.8 m8.8 m12.6 m8.3 m9.2 m18.2 m

Operating expense total

15.9 m20 m23.6 m16.4 m16.9 m24.2 m18 m18.1 m29.4 m

EBIT

(14 m)(18.2 m)4.3 m(13.9 m)(14 m)9 m(15.2 m)(14.8 m)5.1 m

EBIT margin, %

(179%)(236%)9%(184%)(178%)17%(213%)(204%)11%

Interest expense

(301 k)(566 k)(683 k)(401 k)(486 k)(705 k)(344 k)(732 k)(977 k)

Interest income

2.2 m1.8 m3.2 m2 m2.3 m3.2 m2.7 m2.6 m3.2 m

Pre tax profit

(14.3 m)(18.8 m)3.6 m(14.3 m)(14.5 m)8.2 m(15.5 m)(15.5 m)4.1 m

Income tax expense

(5.7 m)(7.5 m)1.7 m(5.8 m)(5.5 m)3.5 m(6.1 m)(6.2 m)1.7 m

Net Income

(8.6 m)(11.3 m)(8.5 m)(9.1 m)4.7 m(9.4 m)(9.3 m)2.5 m
USDY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015Y, 2016FY, 2017

Cash

2.1 m1.7 m19.8 m19 m46.1 m21.4 m9.9 m16.4 m

Accounts Receivable

46.1 m49.9 m54.7 m

Current Assets

125.5 m105.9 m100.8 m115.7 m

Goodwill

3 m3.4 m4.2 m8.6 m

Total Assets

198.8 m184.1 m193.3 m204.3 m

Accounts Payable

15 m17.3 m11.7 m13 m

Total Debt

24.3 m

Current Liabilities

55.8 m53.8 m50.9 m53.2 m

Total Liabilities

87.8 m

Common Stock

124 k119 k120 k127 k

Additional Paid-in Capital

9.4 m4.1 m7.2 m8.4 m

Retained Earnings

100.6 m95.3 m105.9 m110 m

Total Equity

110.2 m98.9 m111.5 m116.5 m

Financial Leverage

1.8 x1.9 x1.7 x1.8 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

8.6 m4.6 m3.2 m4.4 m4 m1.8 m4.9 m3.7 m3.5 m

Accounts Receivable

33.5 m30.6 m59.9 m38.6 m38 m63 m

Current Assets

91 m105 m176.6 m92.4 m108.6 m203.7 m103.8 m122.7 m199.6 m

Goodwill

3 m3 m3.2 m3.3 m3.2 m4.1 m4.2 m4.1 m4.8 m

Total Assets

163.5 m186.6 m271.8 m171.3 m192.3 m303.8 m190.3 m213.3 m297.8 m

Accounts Payable

9 m11.8 m27.8 m16.8 m9.2 m15.5 m9.6 m8.5 m22.3 m

Current Liabilities

28 m29 m53 m34 m28.5 m41.4 m30.5 m25.8 m44.5 m

Common Stock

118 k117 k118 k119 k119 k120 k126 k127 k127 k

Additional Paid-in Capital

6.6 m1.4 m2 m4 m4.1 m6.4 m7.9 m7.8 m7.9 m

Retained Earnings

80.9 m68.9 m70.8 m84.6 m73.3 m75.8 m94.3 m82.7 m82.9 m

Total Equity

87.3 m76 m79.9 m100.7 m88.8 m89.2 m

Financial Leverage

2 x2.5 x3.8 x1.9 x2.4 x3.3 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

22 m8.7 m19.4 m13 m

Depreciation and Amortization

7.8 m8.5 m6.9 m8.3 m

Accounts Payable

2.6 m2.7 m(6.2 m)556 k

Cash From Operating Activities

43.5 m24.5 m29.8 m32.4 m

Purchases of PP&E

(9.1 m)(11.5 m)(10.7 m)(5 m)

Cash From Investing Activities

(14 m)(20.6 m)(29.3 m)(13.3 m)

Long-term Borrowings

(3.4 m)

Dividends Paid

(8.9 m)(8.9 m)

Cash From Financing Activities

(2.2 m)(28.5 m)(11.8 m)(12.4 m)

Income Taxes Paid

3.8 m(7.5 m)1.8 m2.5 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

(8.6 m)(11.3 m)(8.5 m)(9.1 m)4.7 m(9.4 m)(9.3 m)2.5 m

Accounts Receivable

33.5 m30.6 m59.9 m38.6 m38 m63 m

Accounts Payable

9 m11.8 m27.8 m16.8 m9.2 m15.5 m9.6 m8.5 m22.3 m
USDY, 2017

Revenue/Employee

130.6 k

Financial Leverage

1.8 x

Liberty Tax Market Value History

Traffic Overview of Liberty Tax

Liberty Tax Online and Social Media Presence

Liberty Tax News and Updates

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Liberty Tax Company Life and Culture

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