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.
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Intuit Inc. partners with The Farmlink Project to provide 8 million meals and prevent 9 million pounds of food waste in Los Angeles, avoiding 13K metric tons of CO2e emissions since 2023. The collaboration aims to reduce food insecurity and climate impact.
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Intuit Inc. CFO to present at Morgan Stanley Conference on March 5, 2024. The fireside chat will be available live via audio webcast.
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Crowe LLP and Intuit Inc. collaborate on the Crowe Beacon small business advancement initiative to support BIPOC, women, and veteran-owned small businesses. The initiative aims to enhance financial maturity, foster capital-readiness, and provide accounting and consulting services to help small businesses grow sustainably. QuickBooks will be the exclusive small business technology partner, offering access to its financial technology platform and tools to aid in financial management and planning.
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Intuit Inc. (INTU) reported strong financial results for the second quarter of fiscal 2024, with total revenue reaching $3.4 billion, up 11%. Small Business and Self-Employed Group revenue grew by 18%, Online Ecosystem revenue increased by 21%, and ProTax Group revenue rose by 8%. Despite a 5% decline in Consumer Group revenue due to IRS opening delays, Intuit remains optimistic about its growth trajectory.
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Intuit Inc. introduces QuickBooks Solopreneur, a new product tailored for one-person businesses, offering intuitive tools to manage finances, set goals, and stay tax-ready. The product aims to help solopreneurs achieve financial stability and make informed business decisions.
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Intuit (INTU) announced the opening of a new Atlanta office, an innovation hub for Intuit and home to Mailchimp. The 360,000 SF office will accommodate nearly 1,000 current Atlanta-based employees and is one of Intuit’s largest global innovation hubs. The move shows Intuit's commitment to Atlanta and the city’s diverse talent, as well as a dedication to innovating for its customers with advancements in financial and marketing technology. The office design mimics a city filled with different neighborhoods, each with its own unique culture, that flow together for one unified, diverse entity. The building is targeting LEED® Gold Certification and Fitwel certification, showing a focus on sustainability.
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Intuit Inc. (INTU) has announced a new initiative with Khan Academy to provide free financial education tools to empower educators and students. The goal is to engage over 50 million students with free learning resources by 2030, aiming to provide financial confidence and capability among students. Intuit aims to simplify and provide access to personal finance tools, working towards building financial confidence for the current and next generations.
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Intuit Inc. and Mailchimp are hosting a virtual event to celebrate Black History Month by spotlighting Black business owners and entrepreneurs. The event will feature a fireside chat with Tyler Perry, exploring his journey from entrepreneur to film studio founder and discussing the challenges faced by Black creatives and entrepreneurs. The event aims to shed light on the struggles and successes of Black business owners, highlighting the undervaluation of their work and the lack of acknowledgment for their cultural contributions.
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Intuit Inc. (INTU) will announce its second-quarter financial results for fiscal year 2024 on February 22. The company's second quarter ends on January 31. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on February 22. A replay of the conference call will be available for one week by calling 800-374-1216 or 402-220-0681 from international locations.
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Intuit Inc. (Nasdaq: INTU) will hold its annual stockholder meeting virtually on Thursday, January 18 at 8:00 AM Pacific time (11:00 AM Eastern time). Sasan Goodarzi, Intuit’s chief executive officer, will review the company's fiscal year 2023 results and discuss the company’s strategy for growth. The meeting will be webcast live on Intuit’s website.
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FAQ
What is the current stock price of Intuit (INTU)?
The current stock price of Intuit (INTU) is $598.3 as of January 23, 2025.
What is the market cap of Intuit (INTU)?
The market cap of Intuit (INTU) is approximately 168.1B.
What does Intuit Inc. do?
Intuit Inc. specializes in providing financial software solutions for small businesses, personal finance, and tax-filing needs.
Who is the CEO of Intuit Inc.?
The CEO of Intuit Inc. is Sasan Goodarzi.
What are Intuit's main products?
Intuit's main products include QuickBooks for small business accounting, TurboTax for personal tax solutions, and Lacerte for professional tax services.
Where is Intuit Inc. headquartered?
Intuit Inc. is headquartered in Mountain View, California.
When was Intuit founded?
Intuit was founded in the mid-1980s.
What market share does Intuit control?
Intuit controls the majority of the U.S. market share for small-business accounting and do-it-yourself tax-filing software.
What recent achievements has Intuit accomplished?
Recent achievements include continuous software enhancements, AI-driven feature integration, and expansion of cloud-based services.
How is Intuit's financial condition?
Intuit's financial condition is robust, with consistent revenue growth and a strong balance sheet.
Does Intuit engage in partnerships and acquisitions?
Yes, Intuit engages in strategic partnerships and acquisitions to expand its product portfolio and market reach.
What is QuickBooks?
QuickBooks is Intuit's accounting software designed to help small businesses manage expenses, track sales, and generate financial reports.
Intuit Inc
Nasdaq:INTU
INTU Rankings
INTU Stock Data
168.10B
272.77M
2.89%
86.77%
1.37%
Software - Application
Services-prepackaged Software
United States of America
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