Intuit

OverviewSuggest Edit

Intuit is a technology company that develops business and financial management solutions. It offers TurboTax, QuickBooks, Turbo, and Mint, which are used for business management and payroll processing, personal finance and tax preparation, as well as filing. The company also offers ProSeries and Lacerte, products for tax preparation developed for professional accountants. Intuit serves small and mid-sized businesses, financial institutions, including banks and credit unions, consumers, and accounting professionals.

TypePublic
Founded1983
HQMountain View, USMap
Websiteintuit.com
Employee Ratings4.4More
Overall CultureAMore
View Jobs (404)

Locations

Intuit is headquartered in
Mountain View, United States

Location Map
All Locations (19)

Latest Updates

Employees (est.) (Jul 2019)9,400(+6%)
Job Openings404
Revenue (FY, 2020)$7.7 B(+14%)
Share Price (Nov 2020)$357 (+3%)
Cybersecurity ratingCMore

Key People/Management at Intuit

Sasan Goodarzi

Sasan Goodarzi

Chief Executive Officer and Director
Brad Smith

Brad Smith

Executive Chairman of the Board
Scott Cook

Scott Cook

Founder and Chairman of the Executive Committee
Cassie Divine

Cassie Divine

SVP, QuickBooks
Lara Balazs

Lara Balazs

Chief Marketing Officer, and General Manager, Strategic Partnerships
Laura Fennell

Laura Fennell

Executive Vice President, Chief People & Places Officer
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Intuit Office Locations

Intuit has offices in Mountain View, Eagle, Fredericksburg, Los Angeles and in 15 other locations
Mountain View, US (HQ)
2700 Coast Ave
Eagle, US
235 E Colchester Dr #101Eagle
Fredericksburg, US
110 Juliad Ct
Los Angeles, US
21650 W Oxnard St #2200, Woodland Hills
Plano, US
5601 Headquarters Dr
Reno, US
6884 Sierra Center Pkwy
Show all (19)

Intuit Financials and Metrics

Intuit Revenue

Intuit's revenue was reported to be $7.68 b in FY, 2020
USD

Revenue (FY, 2020)

7.7b

Net income (FY, 2020)

1.8b

EBIT (FY, 2020)

2.2b

Market capitalization (13-Nov-2020)

93.5b

Closing stock price (13-Nov-2020)

357.0

Cash (31-Jul-2020)

6.4b

EV

90.6b
Intuit's current market capitalization is $93.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

5.2b6.0b6.8b7.7b

Revenue growth, %

10%15%14%

Cost of goods sold

809.0m977.0m1.2b

Gross profit

4.4b5.0b5.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

886.0m1.2b2.9b1.0b1.5b3.3b1.2b1.7b3.0b

Cost of goods sold

196.0m246.0m304.0m247.0m285.0m354.0m290.0m340.0m

Gross profit

690.0m919.0m2.6b769.0m1.2b2.9b875.0m1.4b

Gross profit Margin, %

78%79%90%76%81%89%75%80%
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

529.0m1.5b2.1b6.4b

Accounts Receivable

103.0m98.0m87.0m149.0m

Prepaid Expenses

100.0m184.0m266.0m314.0m

Current Assets

1.4b2.4b3.6b8.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

529.0m478.0m1.6b1.1b1.1b2.9b1.6b1.6b3.4b

Accounts Receivable

116.0m532.0m309.0m77.0m554.0m262.0m104.0m603.0m219.0m

Prepaid Expenses

142.0m189.0m179.0m269.0m253.0m255.0m304.0m308.0m277.0m

Current Assets

1.4b1.9b2.8b2.2b2.6b4.2b3.2b3.7b4.9b
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

971.0m1.2b1.6b1.8b

Depreciation and Amortization

214.0m228.0m199.0m224.0m

Accounts Payable

12.0m90.0m33.0m

Cash From Operating Activities

1.6b2.1b2.3b2.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(17.0m)(38.0m)1.2b34.0m223.0m1.6b57.0m297.0m1.4b

Depreciation and Amortization

60.0m117.0m173.0m51.0m99.0m147.0m49.0m114.0m168.0m

Accounts Payable

61.0m176.0m160.0m24.0m210.0m205.0m(5.0m)175.0m111.0m

Cash From Operating Activities

(78.0m)174.0m2.1b(143.0m)198.0m2.4b(127.0m)190.0m2.1b
show all
USDFY, 2017

Revenue/Employee

631.3k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3 x
Show all financial metrics

Intuit Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Oct, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Desktop Payroll Customers

970 k949 k953 k943 k926 k926 k

Locations

20

Online Payroll Subscribers

474 k499 k509 k523 k540 k540 k

Subscribers, desktop

326 k332 k338 k347 k356 k356 k359 k365 k374 k385 k0389 k394 k406 k413 k413 k
Show all operating metrics

Intuit Acquisitions / Subsidiaries

Company NameDateDeal Size
Credit KarmaFebruary 23, 2020$7.10 b
ChronoBooksNovember 18, 2019
Origami LogicMay 28, 2019
ApplatixJanuary 29, 2018
TsheetsDecember 05, 2017$340 m
ExactorOctober 26, 2017
BankStreamOctober 10, 2016
XyLeo LabsAugust 01, 2016
Playbook HRMarch 24, 2015
ZeropaperJanuary 21, 2015
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Intuit Revenue Breakdown

Embed Graph

Intuit revenue breakdown by business segment: 7.0% from ProConnect, 40.9% from Consumer Tax and 52.1% from Small Business

Human Capital Metrics

Source: fortune.com
Embed Graph
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Intuit Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

Learn more about our premium products
SecurityScorecard logo

Intuit Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

Learn more about our premium products
CSRHub logo

Intuit Online and Social Media Presence

Intuit's Trends

Embed Graph

Intuit Company Culture

  • Overall Culture

    A

    79/100

  • CEO Rating

    A+

    91/100

  • Compensation

    A+

    85/100

  • Diversity

    A-

    78/100

Learn more on Comparably

Intuit News and Updates

October 20, 2017
pinned

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…
November 03, 2020

Tax Software Market Advanced Technologies with 11.2% of CAGR by 2027 - Xero Limited, Chetu Inc., Drake Software, H&R Block, Intuit

The tax software market was valued at US$ 10.9 Bn in 2019 and is expected to grow at a CAGR of 11.2% from 2020to 2027 to reach US$24.8 Bn by 2027. Posted via Industry Today. Follow us on Twitter @IndustryToday
November 03, 2020

Asia Pacific Construction Accounting Software Market Set to Witness Huge Growth by 2020-2027 Focusing on Leading Players Chetu Inc., Intuit Inc., Sage Group plc, Viewpoint, Inc., Xero Limited

​The construction accounting software market in APAC is expected to grow from US$ 201.98 million in 2019 to US$ 384.38 million by 2027; it is estimated to grow at a CAGR of 8.9% from 2020 to 2027. Posted via Industry Today. Follow us on Twitter @IndustryToday
October 22, 2020

Construction Accounting Software Market Emerging Opportunities with 6.1% of CAGR by 2027 - Intuit, Jonas construction software, Sage Group, Viewpoint, Xero Limited

Construction Accounting Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Solution, Services); Deployment Type (Cloud, On-premises); Application (Small and Mid-Size Construction Companies, Large Construction Companies) Posted via Industry Today. Follow us on Twitt…
September 23, 2020

Intuit debuts omnichannel sales platform QuickBooks Commerce

QuickBooks Commerce is designed to allow small businesses to access multiple sales channels, integrate existing ones, manage orders and fulfillment, sync inventory across online and more.
September 08, 2020

FTC Probes Intuit Over Suspicions It Diverted TurboTax Users From Free Filing

Intuit has been accused of deliberately hiding free tax filing options to divert users to paid services.
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 Intuit Frequently Asked Questions

  • When was Intuit founded?

    Intuit was founded in 1983.

  • Who are Intuit key executives?

    Intuit's key executives are Sasan Goodarzi, Brad Smith and Scott Cook.

  • How many employees does Intuit have?

    Intuit has 9,400 employees.

  • What is Intuit revenue?

    Latest Intuit annual revenue is $7.7 b.

  • What is Intuit revenue per employee?

    Latest Intuit revenue per employee is $816.9 k.

  • Who are Intuit competitors?

    Competitors of Intuit include Nemetschek, Vertex and PayPal.

  • Where is Intuit headquarters?

    Intuit headquarters is located at 2700 Coast Ave, Mountain View.

  • Where are Intuit offices?

    Intuit has offices in Mountain View, Eagle, Fredericksburg, Los Angeles and in 15 other locations.

  • How many offices does Intuit have?

    Intuit has 19 offices.