Intuit provides business and financial management solutions for small and mid-sized businesses, financial institutions, including banks and credit unions, consumers and accounting professionals. The Company's flagship products and services, including QuickBooks, Quicken, and TurboTax, simplify small business management and payroll processing, personal finance and tax preparation, and filing. ProSeries and Lacerte are Intuit's tax preparation offerings for professional accountants. Its financial institutions division provides on-demand banking services to help banks and credit unions serve businesses and consumers. 
TypePublic
HQMountain View, US
Founded1983
Size (employees)8,300 (est)+2%
Websiteintuit.com
Intuit was founded in 1983 and is headquartered in Mountain View, US
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Key People/Management at Intuit

Brad Smith

Brad Smith

CEO, Chairman
Michelle Clatterbuck

Michelle Clatterbuck

CFO
H. Tayloe Stansbury

H. Tayloe Stansbury

Chief Technology Officer
Sherry Whiteley

Sherry Whiteley

Chief People & Places Officer
Anton Hanebrink

Anton Hanebrink

Chief Corporate Strategy and Development Officer
Laura Fennell

Laura Fennell

General Counsel and Secretary
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Intuit Office Locations

Intuit has offices in Sydney, Hod Hasharon, Fredericksburg, Plano and in 16 other locations
Mountain View, US (HQ)
2700 Coast Ave.
Fredericksburg, US
110 Juliad Ct
Los Angeles, US
100 21215 Burbank Blvd
Menlo Park, US
180 Jefferson Drive
Plano, US
5601 Headquarters Dr
Reno, US
6884 Sierra Center Pkwy
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Intuit Financials and Metrics

Intuit Revenue

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Intuit's revenue was reported to be $5.96 b in FY, 2018
USD

Revenue (FY, 2018)

6 b

Gross profit (FY, 2018)

5.9 b

Gross profit margin (FY, 2018), %

98.1%

Net income (FY, 2018)

1.2 b

Market capitalization (19-Sep-2018)

57.1 b

Closing stock price (19-Sep-2018)

220.9

Cash (31-Jul-2018)

1.5 b

EV

56.1 b
Intuit's current market capitalization is $57.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

4.5 b4.2 b4.7 b5.2 b6 b

Revenue growth, %

8%(7%)12%10%

Cost of goods sold

642 m695 m730 m797 m112 m

Gross profit

3.9 b3.5 b4 b4.4 b5.9 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

672 m808 m2.2 b713 m923 m2.3 b778 m1 b2.5 b886 m1.2 b2.9 b

Cost of goods sold

165 m197 m208 m160 m193 m211 m180 m203 m234 m194 m243 m299 m

Gross profit

507 m611 m2 b553 m730 m2.1 b598 m813 m2.3 b692 m922 m2.6 b

Gross profit Margin, %

75%76%91%78%79%91%77%80%91%78%79%90%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

849 m808 m638 m529 m1.5 b

Accounts Receivable

134 m91 m108 m103 m

Prepaid Expenses

116 m94 m102 m100 m

Current Assets

2.6 b2.6 b1.6 b1.4 b2.4 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

542 m482 m1.2 b474 m334 m1.3 b360 m392 m1.4 b529 m478 m1.6 b

Accounts Receivable

140 m459 m210 m124 m512 m214 m121 m521 m245 m116 m532 m309 m

Prepaid Expenses

119 m103 m100 m121 m110 m108 m153 m156 m94 m142 m189 m179 m

Current Assets

2.4 b2.6 b2.9 b1.4 b1.5 b2.3 b1.3 b1.7 b2.3 b1.4 b1.9 b2.8 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

907 m365 m979 m971 m1.2 b

Depreciation and Amortization

144 m231 m238 m236 m228 m

Accounts Payable

15 m35 m(23 m)12 m

Cash From Operating Activities

1.4 b1.6 b1.5 b1.6 b2.1 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(84 m)(150 m)351 m(31 m)(7 m)1 b(30 m)(17 m)947 m(17 m)(38 m)1.2 b

Depreciation and Amortization

36 m111 m170 m55 m113 m175 m55 m112 m174 m65 m117 m173 m

Accounts Payable

32 m116 m125 m(6 m)103 m77 m(2 m)93 m104 m61 m176 m160 m

Cash From Operating Activities

(118 m)247 m1.7 b(197 m)129 m1.7 b(205 m)87 m1.9 b(78 m)174 m2.1 b
USDY, 2018

EV/CFO

26.5 x

Revenue/Employee

718.6 k

Financial Leverage

2.2 x
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Intuit Operating Metrics

Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q2, 2018Q3, 2018

Canada TurboTax Units

300 k1.70 m200 k2.20 m200 k1.70 m300 k2.20 m400 k1.90 m200 k2.50 m400 k2.20 m

Desktop Active Payments Customers

145 k139 k132 k130 k130 k129 k124 k131 k128 k128 k129 k126 k129 k126 k126 k

Desktop Payroll Customers

1.03 m1.03 m1.02 m1.01 m1.01 m998 k1 m989 k970 k970 k949 k953 k943 k926 k926 k

Online Payments Charge Volume

$1.94 b$1.75 b$1.97 b$2.17 b$7.83 b$2.21 b$2.04 b$2.33 b$2.42 b$9.01 b$2.50 b$2.38 b$2.73 b$3.13 b$10.74 b
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Intuit Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Tsheets (260)December 05, 2017$340 m
AisleBuyer
Apps.com
CBS Employer Services
Computing Resources
Dallas Innovative Merchant Solutions
Electronic Clearing House
EmployeeMatters Insurance Agency
FTP Holdings Ltd
GoodApril
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Intuit Revenue Breakdown

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Intuit revenue breakdown by business segment: 8.4% from ProConnect, 41.4% from Consumer Tax and 50.2% from Small Business

Human Capital Metrics

Source: fortune.com
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Intuit Online and Social Media Presence

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Intuit News and Updates

How Intuit Reinvents Itself

Taped to the wall outside Intuit CEO Brad Smith’s office is his unedited performance review from the board of directors. Also a personality analysis, a compendium of feedback from his executive team, and a breakdown of how he spends his time. Most of it is laudatory; some isn’t. “A normalized pace w…
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Intuit Company Life and Culture

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