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
Culture scoreAMore
View Jobs (42)

Recent NewsAll News

Latest Updates

Employees (est.) (Jul 2019)9,400(+6%)
Job Openings42
Revenue (FY, 2019)$6.8 B(+14%)
Share Price (May 2020)$284.4 (+2%)

Key People/Management at Intuit

Sasan Goodarzi

Sasan Goodarzi

Chief Executive Officer & Director
Brad Smith

Brad Smith

Executive Chairman of the Board
Scott Cook

Scott Cook

Founder and Chairman of the Executive Committee
Michelle Clatterbuck

Michelle Clatterbuck

Executive Vice President, Chief Financial Officer
Lara Balazs

Lara Balazs

Chief Marketing Officer, and General Manager, Strategic Partnerships
Anton Hanebrink

Anton Hanebrink

Executive Vice President, Chief Corporate Strategy and Development Officer
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Intuit Office Locations

Intuit has offices in Mountain View, Eagle, Fredericksburg, Los Angeles and in 14 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

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Intuit's revenue was reported to be $6.78 b in FY, 2019 which is a 13.7% increase from the previous period.
USD

Revenue (Q2, 2020)

1.7b

Gross profit (Q2, 2020)

1.4b

Gross profit margin (Q2, 2020), %

80%

Net income (Q2, 2020)

240.0m

EBIT (Q2, 2020)

270.0m

Market capitalization (15-May-2020)

74.1b

Closing stock price (15-May-2020)

284.4

Cash (31-Jan-2020)

1.6b

EV

73.2b
Intuit's current market capitalization is $74.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

5.2b6.0b6.8b

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, 2020

Revenue

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

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, 2019

Cash

529.0m1.5b2.1b

Accounts Receivable

103.0m98.0m87.0m

Prepaid Expenses

100.0m184.0m266.0m

Current Assets

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

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Current Assets

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

Net Income

971.0m1.2b1.6b

Depreciation and Amortization

214.0m228.0m199.0m

Accounts Payable

12.0m90.0m

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

(78.0m)174.0m2.1b(143.0m)198.0m2.4b(127.0m)190.0m
show all
USDY, 2020

EV/EBIT

271.1 x

EV/CFO

385.2 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.8 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
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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

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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
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Intuit Online and Social Media Presence

Intuit's Trends

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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…

Intuit Blogs

August 07, 2018

Intuit Ranks on People’s 50 Companies That Care!

We’re so excited to share that Intuit has ranked on People’s 50 Companies That Care list in July! Each year, People partners with Great Places to Work to produce a list of the top companies that showcase caring in the... Full Story
August 06, 2018

Intuit Innovation Lab: Automating Business Transaction Workflow Using Blockchain

To explore how emerging technologies can further enhance our customers’ experiences, we hosted our first-ever Innovation Lab in San Francisco – an evening dedicated to shaping the future of FinTech through conversations with industry leaders, and demonstrations of experiments featuring... Full Story
August 03, 2018

Tech Talk: Security Considerations in Machine Learning

This year’s Spark + AI conference had many sessions focusing on the topics of security and threat detection. A few things at the conference caught my eye from a general best practices standpoint – below are some key takeaways and... Full Story
August 03, 2018

What Medical Expenses are Tax Deductible?

Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright spot to big bills is the opportunity to claim your medical expenses as a tax deduction on your tax return, as long as... Full Story
August 02, 2018

So You Want to Start a New Business…

Starting a business can be overwhelming, but also incredibly rewarding. From business forecasts to marketing strategies, there are many financial decisions you’ll need to make to get it right. Understanding your taxes is just as important as managing your transactions... Full Story
July 31, 2018

Better Together: 5 App Integrations for QuickBooks to Boost Efficiency

There’s just never enough time in the day, especially when you’re self-employed or running a small business. And it sometimes can take a lot of time to manually enter information into QuickBooks for things like expense reports or timesheets. But... Full Story
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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 $6.8 b.

  • What is Intuit revenue per employee?

    Latest Intuit revenue per employee is $721.7 k.

  • Who are Intuit competitors?

    Competitors of Intuit include PayPal, Microsoft and Sage.

  • 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 14 other locations.

  • How many offices does Intuit have?

    Intuit has 19 offices.