Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. (INTU) is a leading American business software company based in Mountain View, California. Founded in the mid-1980s, Intuit specializes in providing financial software solutions that cater to small businesses, personal finance, and tax-filing needs. The company is currently helmed by CEO Sasan Goodarzi.
Intuit's flagship products include QuickBooks, which is widely recognized as the go-to accounting software for small businesses. QuickBooks helps manage expenses, track sales, and generate financial reports. For individuals, Intuit offers TurboTax, a popular do-it-yourself tax-filing software that simplifies the tax preparation process. Additionally, Intuit provides Lacerte, a professional tax software designed for tax professionals and accounting firms.
Intuit has a substantial market share in the U.S., particularly in the small-business accounting and tax-filing segments. The company's recent achievements include the continuous enhancement of its software offerings, incorporation of AI-driven features to improve user experience, and expansion of its cloud-based services. Intuit also engages in strategic partnerships and acquisitions to broaden its product portfolio and market reach.
The financial condition of Intuit remains robust, with consistent revenue growth and a strong balance sheet. The company's stock performance reflects its leadership in the financial software market and its ability to innovate and meet customer needs.
Intuit (NASDAQ: INTU) and ICIC announced the launch of the 'Intuit More with AI Tour', a free nationwide roadshow starting in early 2025 to educate small and mid-market businesses about AI adoption. The initiative will feature six half-day events across the United States, beginning in Georgia and California, offering practical AI implementation strategies and hands-on experience with various business tools.
The tour curriculum will be informed by ICIC's research on small business AI needs, with findings to be published in February 2025. The program aims to demystify AI, promote responsible use, and advocate for supportive policies. The initiative builds on Intuit's existing AI capabilities, including Intuit Assist, their generative AI-powered assistant launched in September 2023, which operates across TurboTax, Credit Karma, QuickBooks, and Mailchimp platforms.
Intuit QuickBooks has announced a multi-year partnership with the Professional Women’s Hockey League (PWHL) in Canada. This partnership positions Intuit QuickBooks as the league's Official Accounting Software Partner, aiming to connect with Canada's evolving small business population, especially women in business.
The PWHL provides a platform to promote equal opportunities for women, who face unique challenges in business ownership. Through this collaboration, Intuit QuickBooks aims to highlight the resilience and leadership of women in the Canadian business community.
A survey by Intuit QuickBooks revealed that Canadian women-owned businesses face more financial strain but pursue entrepreneurial success at the same rate as men. The partnership will feature:
- Showcasing stories of women-owned small businesses
- Custom content for hockey fans and entrepreneurs
- In-arena and at-home branding
- Opportunities for customer and employee engagement
Stay tuned for unique experiences throughout the 2024 and 2025 seasons.
Intuit (NASDAQ: INTU) and Amazon (NASDAQ: AMZN) have announced a multi-year strategic partnership aimed at empowering Amazon sellers with financial management solutions. QuickBooks will become Amazon's preferred partner for financial tools integrated directly into Amazon Seller Central.
The partnership will provide sellers with comprehensive financial management capabilities, including real-time financial updates, profitability insights, cash flow management, and tax estimates. Eligible Amazon sellers using QuickBooks will have access to personalized loans through QuickBooks Capital. According to Intuit, businesses using QuickBooks platform have a nearly 20-point higher success rate than those who don't.
The implementation will begin rolling out in mid-2025, initially focusing on U.S. sellers before expanding internationally.
Intuit has announced enhanced AI-driven tax filing solutions for 2024, featuring personalized 'done-for-you' experiences through TurboTax, Credit Karma, and QuickBooks. The platform connects customers with a nationwide network of 12,000 tax experts, offering tax preparation in as little as two hours.
Key innovations include AI-powered expert matching, real-time progress tracking, and automated document import from over 350 financial institutions. The system offers upfront pricing transparency and guarantees maximum refunds. New features include year-round tax insights through Credit Karma, refund advances up to $4,000, and early refund access through Credit Karma Money.
The service launches December 5, 2024, in English and Spanish, with Credit Karma tax filing products available in January 2025. Business tax filers receive 20% off personal taxes and a 30-day QuickBooks Online trial starting January 2025.
Intuit (INTU) has announced that Marianna Tessel, executive vice president and general manager of the Global Business Solutions Group, will be presenting at the Barclays 22nd Annual Global Technology Conference on December 11, 2024.
The presentation will take place at 1:20 PM Pacific Time (4:20 PM Eastern Time) and will be accessible through a live audio webcast on Intuit's investor relations website. A replay will be made available approximately 24 hours after the presentation concludes.
Intuit (Nasdaq: INTU) has announced that CEO Sasan Goodarzi will participate in a fireside chat at the Nasdaq 51st Investor Conference on December 10, 2024. The presentation is scheduled for 5:00 a.m. Pacific Time (1:00 p.m. Greenwich Mean Time).
The event will be accessible through a live audio webcast on Intuit's investor relations website. A replay will become available approximately 24 hours after the presentation concludes. Intuit is a global financial technology platform known for products including TurboTax, Credit Karma, QuickBooks, and Mailchimp.
Intuit (Nasdaq: INTU) announced that Mark Notarainni, executive vice president and general manager of Intuit's Consumer Group, will present at the Wells Fargo 8th Annual TMT Summit on December 4, 2024. The fireside chat is scheduled for 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) and will be accessible via audio webcast on Intuit's investor relations website. A replay will be available approximately 24 hours after the presentation concludes.
Intuit (Nasdaq: INTU) has announced that CFO Sandeep Aujla will participate in the UBS Global Technology Conference on December 3, 2024. The fireside chat presentation is scheduled for 9:55 a.m. Pacific Time (12:55 p.m. Eastern Time). Investors and interested parties can access the live audio webcast through Intuit's investor relations website. A replay will be made available approximately 24 hours after the presentation concludes.
Intuit (Nasdaq: INTU) has announced its upcoming annual Investor Day, scheduled for September 18, 2025, at its Mountain View, CA headquarters. The half-day event will feature presentations from senior company leaders and will be accessible via live stream through the company's investor relations website. Intuit operates as a global financial technology platform known for its flagship products including TurboTax, Credit Karma, QuickBooks, and Mailchimp.
Intuit (INTU) reported strong Q1 FY2025 results with total revenue growing 10% to $3.3 billion. The Global Business Solutions Group revenue increased 9% to $2.5 billion, with Online Ecosystem revenue up 20% to $1.9 billion. Credit Karma revenue grew 29% to $524 million. Consumer Group revenue declined 6% to $176 million. The company reported GAAP earnings per share of $0.70, down 18%, and non-GAAP EPS of $2.50, up 1%. Intuit maintained its full-year guidance, expressing confidence in delivering double-digit revenue growth and margin expansion for fiscal 2025.
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