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. (NASDAQ: INTU) drives innovation in financial management software through products like QuickBooks and TurboTax. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, product enhancements, and market position.
Access real-time announcements including earnings reports, leadership changes, and technology partnerships. Our curated collection features official press releases alongside verified analysis to help you track Intuit's evolution in accounting solutions, tax automation, and small business ecosystems.
Key coverage areas include quarterly financial results, regulatory filings, product launches like Credit Karma integrations, and corporate responsibility initiatives. All content is organized chronologically for efficient research and due diligence.
Bookmark this page for streamlined access to Intuit's latest developments. Combine our news archive with Stock Titan's financial tools to maintain informed perspectives on this financial technology leader.
Intuit has announced its acquisition of Mailchimp for approximately $12 billion in cash and stock, aiming to enhance its customer growth platform for small and mid-market businesses. This strategic move supports Intuit's vision of becoming an AI-driven expert platform and aims to tackle significant barriers faced by small businesses, such as customer acquisition and cash flow challenges. The deal is anticipated to be accretive to Intuit's non-GAAP earnings per share for fiscal 2022, with completion expected before the end of Q2 2022, pending regulatory approvals.
Intuit Inc. (NASDAQ: INTU) will host its virtual annual Investor Day on September 30, 2021, at 8:00 a.m. Pacific time. CEO Sasan Goodarzi and CFO Michelle Clatterbuck, along with other business leaders, will discuss the company's strategy for fiscal year 2022, which runs from August 1, 2021, to July 31, 2022. The event will be broadcast live and available for later viewing on Intuit's website. This platform serves approximately 100 million customers worldwide with products like TurboTax, QuickBooks, Mint, and Credit Karma.
Intuit (NASDAQ: INTU) has announced that Alex Chriss, executive vice president and general manager of the Small Business and Self-Employed Group, will participate in a fireside chat at the Citi 2021 Global Technology Virtual Conference on September 14. The chat is scheduled for 10:50 a.m. PDT and will be streamed live on Intuit’s investor relations site, with a replay available within 24 hours. Intuit serves around 100 million customers globally through products like TurboTax and QuickBooks.
Intuit Inc. (Nasdaq: INTU) reported strong financial results for Q4 and the fiscal year 2021, ending July 31. Total Q4 revenue reached $2.6 billion, a 41% increase from $1.8 billion. Key growth drivers included the Consumer Group and Credit Karma, which generated $405 million in Q4. Full-year revenue totaled $9.6 billion, up 25%, bolstered by the acquisition of Credit Karma. Operating income grew 15% to $2.5 billion, while GAAP earnings per share increased 9% to $7.56. The company has also approved a 15% dividend increase to $0.68 per share.
Credit Karma, with over 100 million U.S. members, integrates its Money platform with Intuit's QuickBooks Online Payroll, enhancing payroll management for small business employees.
This partnership allows employees to deposit paychecks directly into Credit Karma Money Spend accounts, helping them save on banking fees. QuickBooks Payroll processes payments for over 15 million employees, totaling over $208 billion annually.
This integration aims to improve financial management for small business workers, particularly those earning under $50,000, by offering features like instant paycheck access and fee-free banking.
Intuit Inc. (Nasdaq: INTU) is set to announce its fourth-quarter and full-year financial results for fiscal year 2021 on August 24, following the market close. The fourth quarter concludes on July 31. A conference call with executives will take place at 1:30 p.m. Pacific time on the same day, where details will be discussed. Investors can access a replay of the call and will also have the opportunity to attend a virtual annual Investor Day on September 30 at 8:00 a.m. Pacific time, featuring talks from key company leaders.
Intuit (Nasdaq: INTU) has launched the QuickBooks Card Reader, a new payment device aimed at small business owners adapting to permanent contactless payment trends. Integrated with QuickBooks Payments, which handles over $65 billion annually, this reader enables faster transactions and seamless reconciliation with QuickBooks. Key features include an LED display, smart tipping functionality, and clear connectivity indicators. Priced at $49, it enhances user experience and supports mobile sales, fulfilling businesses' evolving payment needs.
Intuit Inc. (Nasdaq: INTU) and Highline Beta have launched the Intuit Prosperity Accelerator: AI, a five-month program aimed at using artificial intelligence to enhance the financial well-being of consumers and businesses in North America. Startups with AI-driven solutions are invited to apply until August 31, 2021, with the program set to begin in October 2021. Successful candidates will gain access to mentorship, tailored content, and investment opportunities, leveraging Intuit's extensive market experience and customer base of approximately 100 million.
Intuit Inc. (Nasdaq: INTU) has been included in the inaugural Best B2B Brands list by The Globe and Mail, ranking No. 12 among top business brands in Canada. This recognition highlights Intuit's innovative products such as TurboTax, QuickBooks, and Credit Karma.
The Intuit Prosperity Accelerator program, created to help Canadians navigate financial challenges during the COVID-19 pandemic, reinforces the company's commitment to enhancing Canada's innovation economy.
