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REVENUE RECOGNITION
9 Months Ended
Mar. 31, 2023
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)
Three months ended March 31,Nine months ended March 31,
2023202220232022
Revenues:
U.S. assisted tax preparation$1,453,049 $1,392,142 $1,530,577 $1,456,594 
U.S. royalties150,163 158,786 161,337 169,548 
U.S. DIY tax preparation167,022 175,184 182,330 188,455 
Refund Transfers117,384 132,223 120,210 134,665 
Peace of Mind® Extended Service Plan16,750 17,222 58,840 59,373 
Tax Identity Shield®8,720 9,078 19,237 19,431 
Emerald Card® and SpruceSM
44,358 50,660 68,448 103,748 
Interest and fee income on Emerald AdvanceSM
33,750 30,535 47,267 43,438 
International69,417 65,232 156,297 151,464 
Wave22,064 20,111 66,651 58,745 
Other10,972 10,584 28,845 27,736 
Total revenues$2,093,649 $2,061,757 $2,440,039 $2,413,197 
Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:
(in 000s)
POMDeferred RevenueDeferred Wages
Nine months ended March 31,2023202220232022
Balance, beginning of the period$173,486 $172,759 $19,495 $17,867 
Amounts deferred76,231 80,801 8,451 9,006 
Amounts recognized on previous deferrals(67,276)(69,075)(7,084)(6,786)
Balance, end of the period$182,441 $184,485 $20,862 $20,087 
As of March 31, 2023, deferred revenue related to POM was $182.4 million. We expect that $103.3 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.
As of March 31, 2023 and 2022, Tax Identity Shield® (TIS) deferred revenue was $33.3 million and $37.4 million, respectively. Deferred revenue related to TIS was $25.8 million and $28.3 million as of June 30, 2022 and June 30, 2021, respectively. All deferred revenue related to TIS will be recognized by April 2024.