Intuit Stock Price, News & Analysis

Intuit (Nasdaq: INTU), the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has announced that CFO Sandeep Aujla will participate in the Morgan Stanley Technology, Media & Telecom Conference.

The fireside chat is scheduled for March 4, 2025, at 1:05 p.m. Pacific Time (4:05 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 Mailchimp has unveiled enhanced popup forms and product features to boost lead generation and business growth. The new popup forms, currently in beta, offer customizable, mobile-first designs for better audience targeting and zero-party data collection. The solution includes eight different offer types supporting various industries, from e-commerce to event signups.

Key features include unlimited design customization, 80+ templates, dynamic visitor targeting, and seamless data capture. Early adopter Avenova reported a 27% growth in SMS list within one month. The technology, built on Intuit's 2024 Amped acquisition, addresses the important need for mobile optimization, as approximately 75% of website visitors browse on mobile devices.

The feature is rolling out in English to customers in Australia, Canada, the UK, and the US, with global availability coming soon. Mailchimp is also launching additional features, including improved Meta lead ads integration and enhanced Customer Journey Builder functionality.

Intuit (INTU) reported strong Q2 fiscal 2025 results, with total revenue growing 17% to $4.0 billion. The company's Global Business Solutions Group revenue increased 19% to $2.7 billion, while Online Ecosystem revenue rose 21% to $2.0 billion. Credit Karma showed impressive growth with revenue up 36% to $511 million.

Key financial metrics include GAAP operating income up 61% to $593 million and non-GAAP operating income increasing 26% to $1.3 billion. GAAP EPS grew 34% to $1.67, while non-GAAP EPS rose 26% to $3.32.

The company reiterated its full-year fiscal 2025 guidance, projecting revenue growth of 12-13% to $18.16-18.35 billion and non-GAAP EPS of $19.16-19.36. Intuit also announced a 16% increase in quarterly dividend to $1.04 per share, payable April 18, 2025.

Intuit (NASDAQ: INTU) announced the launch of its national Financial Literacy Forum series and Hour of Finance Challenge, starting with a collaboration with NFL's Inspire Change initiative during Super Bowl LIX week in New Orleans. The initial forum, scheduled for February 4, 2025, will host 400 high school students and teachers from New Orleans' west side schools.

The company plans to expand these forums nationwide, partnering with various sports teams including the 49ers Foundations, Washington Commanders, and LA Clippers. The initiative features the Hour of Finance Challenge, a free interactive competition launching during Financial Literacy Month, focusing on credit, taxes, budgeting, and investments through the Intuit Prosperity Quest game.

Through Intuit for Education, the company aims to reach 50 million students by 2030, offering free financial literacy programs with over 150 hours of curriculum leveraging tools from TurboTax, QuickBooks, Credit Karma, and Mailchimp.

Intuit (INTU) has announced its upcoming annual stockholder meeting, scheduled to take place virtually on Thursday, January 23 at 8:00 AM Pacific time (11:00 AM Eastern time). During the meeting, CEO Sasan Goodarzi will present a review of the company's fiscal year 2024 results and outline the company's growth strategy. The meeting will be accessible via webcast on Intuit's investor relations website, with a replay available approximately 24 hours after the event concludes.

Intuit's 2025 QuickBooks Small Business Index Annual Report reveals significant challenges for US small businesses in 2024. Small business employment declined by 51,200 jobs, the largest drop since 2015, while average revenue fell by $11,850 per business - marking the third consecutive yearly decline.

The report highlights that high interest rates and credit access severely impacted growth, with affected businesses showing up to 30% lower revenue growth and 4% lower employment growth. Credit card usage as a primary financing source doubled from 25% to 50% between July 2023-2024, with interest payments rising 14% in 2024.

On a positive note, businesses utilizing eight or more digital tools reported stronger outcomes, with 67% seeing productivity gains and 45% reporting increased revenue, compared to significantly lower results for businesses using fewer digital tools.

Intuit TurboTax has announced new offerings for the 2024 tax season, including a groundbreaking guarantee to deliver federal tax refunds 5 days early to any U.S. bank account for a $25 fee. The company is also introducing the only free do-it-yourself mobile app offer for both federal and state tax filing, regardless of tax complexity, available through Feb. 18, 2025.

The company will continue offering its Refund Advance program, providing no-fee, no-interest loans up to $4,000 delivered within 60 seconds after IRS acceptance. For assisted filers using TurboTax Live Full Service, a minimum 10% reduction in fees compared to last year is guaranteed when filing by March 25, 2025.

According to TurboTax's generational tax survey, 93% of Gen Z expects a refund this year, with many planning to use it for necessities. Early access to funds would help them avoid debt fees (20%), pay rent on time (35%), and pay off debt (35%).

Intuit (NASDAQ: INTU) launched its TurboTax 'Now This Is Taxes' campaign, showcasing its AI-driven virtual expert platform for tax filing. The campaign highlights a modern, mobile-first, 'done-for-you' approach powered by over 12,000 tax experts enhanced with AI technology.

Key offerings include: free DIY tax filing through the TurboTax mobile app until Feb. 18, 2025, for new or returning customers; a guaranteed minimum 10% reduction in fees compared to previous tax professional costs for assisted filers using TurboTax Live Full Service (valid Jan. 15 - March 25, 2025); and tax completion in as little as two hours via mobile phone. The service includes features like effortless data import, faster refunds, and a Tax Return Lifetime Guarantee.

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.