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. 
Type
Public
HQ
Mountain View, US
Founded
1983
Size (employees)
8,200 (est)+4%
Website
intuit.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

President and Chief Executive Officer
Michelle Clatterbuck

Michelle Clatterbuck

Chief Financial Officer
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 São Paulo, Sydney, Singapore, Hod Hasharon and in 17 other locations
Mountain View, US (HQ)
2700 Coast Ave.
Fredericksburg, US
110 Juliad Ct
Fredericksburg, US
Customer Contact Center 110 Juliad Ct.
Los Angeles, US
100 21215 Burbank Blvd
Menlo Park, US
180 Jefferson Drive
Plano, US
5601 Headquarters Dr
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Intuit Financials and Metrics

Intuit Financials

Intuit's revenue was reported to be $5.18 b in FY, 2017 which is a 10.3% increase from the previous period.
USD

Revenue (Q2, 2018)

2.1 b

Net income (Q2, 2018)

(38 m)

EBIT (Q2, 2018)

(37 m)

Market capitalization (20-Apr-2018)

45.6 b

Cash (31-Jan-2018)

478 m

EV

45.5 b
Intuit's current market capitalization is $45.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

4.5 b4.2 b4.7 b5.2 b

Revenue growth, %

8%(7%)12%10%

Cost of goods sold

642 m695 m730 m797 m

Gross profit

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

Revenue

672 m808 m2.2 b713 m923 m2.3 b778 m1 b2.5 b886 m2.1 b

Cost of goods sold

165 m197 m208 m160 m193 m211 m180 m203 m234 m194 m

Gross profit

507 m611 m2 b553 m730 m2.1 b598 m813 m2.3 b692 m

Gross profit Margin, %

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

Cash

849 m808 m638 m529 m

Accounts Receivable

134 m91 m108 m103 m

Prepaid Expenses

116 m94 m102 m100 m

Current Assets

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

119 m103 m100 m121 m110 m108 m153 m156 m94 m142 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 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

907 m365 m979 m971 m

Depreciation and Amortization

144 m231 m238 m236 m

Accounts Payable

15 m35 m(23 m)

Cash From Operating Activities

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

Depreciation and Amortization

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

Accounts Payable

32 m116 m125 m(6 m)103 m77 m(2 m)93 m104 m61 m176 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 m
USDY, 2018

EV/EBIT

-1.2 k x

EV/CFO

261.7 x

Financial Leverage

4.2 x
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Intuit Operating Metrics

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

Canada TurboTax Units

300 k1.70 m200 k2.20 m200 k1.70 m300 k2.20 m400 k1.90 m200 k2.50 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
GoodApril
Intuit Brasil Participações Ltda.
Intuit Consumer Group Inc.
Intuit Financing Inc.
Intuit Insurance Services Inc.
Intuit Payment Solutions
Intuit Payments Inc.
Intuit Singapore Pte. Limited
Lacerte Software Corporation Delaware
MTS Global (Europe) Limited
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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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