Among the segments in which revenue dropped was business consulting, which reported just over $60 million in income for the third quarter, a decline of 14.9 percent from $70.5 million. Also showing a decline was accounting services with $9.1 million in revenue, off 22 percent from the prior year's $11.7 million.
In its SEC filings, Block noted that for the nine months it had a drop of $10.3 million in its Other Revenue category, down 23.7 percent from the first three quarters of fiscal 2010. The decrease stemmed primarily from a reduction in management fees received under Block's new administrative services agreement with McGladrey & Pullen. That agreement stemmed from McGladrey's move to sever the relationship, which led to the new agreement..