Intuit
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Intuit

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    • Financial ServicesTechnologyaccountingcloudcloud services(SaaS)enterprise softwarefinancial managementtaxworkforce management
    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. 
    Revenue(FY, 2018)
    $6 B
    Market capitalization(2019-01-17)
    $55 B

    Employee Rating

    4.2More
    TypePublic
    HQMountain View, US
    Founded1983
    Size (employees)8,900 (est)+8%
    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
    Anton Hanebrink

    Anton Hanebrink

    Chief Corporate Strategy and Development Officer
    Laura Fennell

    Laura Fennell

    Chief People & Places Officer
    Sasan Goodarzi

    Sasan Goodarzi

    Executive Vice President and General Manager, Small Business and Self Employed Group
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    Intuit Office Locations

    Intuit has offices in Mountain View, Fredericksburg, Plano, Los Angeles 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
    Show all (20)
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    Intuit Financials and Metrics

    Intuit Revenue

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

    Revenue (Q1, 2019)

    		1.0b

    Gross profit (Q1, 2019)

    		1.0b

    Gross profit margin (Q1, 2019), %

    		98.5%

    Net income (Q1, 2019)

    		34.0m

    EBIT (Q1, 2019)

    		(10.0m)

    Market capitalization (17-Jan-2019)

    		55.0b

    Closing stock price (17-Jan-2019)

    		211.7

    Cash (31-Oct-2018)

    		1.1b

    EV

    		54.2b
    Intuit's current market capitalization is $55 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Revenue

    		4.5b4.2b4.7b5.2b6.0b

    Revenue growth, %

    		8%(7%)12%10%

    Cost of goods sold

    		112.0m

    Gross profit

    		5.9b
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Revenue

    		622.0m782.0m2.4b672.0m808.0m2.2b713.0m923.0m2.3b778.0m1.0b2.5b886.0m1.2b2.9b1.0b

    Cost of goods sold

    		197.0m208.0m15.0m

    Gross profit

    		611.0m2.0b1.0b

    Gross profit Margin, %

    		76%91%99%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Cash

    		849.0m808.0m638.0m529.0m1.5b

    Accounts Receivable

    		134.0m91.0m108.0m103.0m

    Prepaid Expenses

    		116.0m94.0m102.0m100.0m

    Current Assets

    		2.6b2.6b1.6b1.4b2.4b
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Cash

    		417.0m625.0m1.6b542.0m482.0m1.2b474.0m334.0m1.3b360.0m392.0m1.4b529.0m478.0m1.6b1.1b

    Accounts Receivable

    		137.0m435.0m277.0m140.0m459.0m210.0m124.0m512.0m214.0m121.0m521.0m245.0m116.0m532.0m309.0m77.0m

    Prepaid Expenses

    		119.0m103.0m100.0m121.0m110.0m108.0m153.0m156.0m94.0m142.0m189.0m179.0m

    Current Assets

    		2.0b2.5b3.4b2.4b2.6b2.9b1.4b1.5b2.3b1.3b1.7b2.3b1.4b1.9b2.8b2.2b
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Net Income

    		907.0m365.0m979.0m971.0m1.2b

    Depreciation and Amortization

    		144.0m157.0m195.0m214.0m228.0m

    Accounts Payable

    		15.0m35.0m(23.0m)12.0m

    Cash From Operating Activities

    		1.4b1.5b1.4b1.6b2.1b
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Net Income

    		(11.0m)(48.0m)936.0m(84.0m)(150.0m)351.0m(31.0m)(7.0m)1.0b(30.0m)(17.0m)947.0m(17.0m)(38.0m)1.2b34.0m

    Depreciation and Amortization

    		39.0m75.0m110.0m36.0m111.0m170.0m45.0m94.0m145.0m49.0m101.0m156.0m60.0m117.0m173.0m51.0m

    Accounts Payable

    		32.0m88.0m56.0m32.0m116.0m125.0m(6.0m)103.0m77.0m(2.0m)93.0m104.0m61.0m176.0m160.0m24.0m

    Cash From Operating Activities

    		(190.0m)142.0m1.5b(118.0m)247.0m1.7b(197.0m)109.0m1.7b(205.0m)87.0m1.9b(78.0m)174.0m2.1b(143.0m)
    show all
    USDY, 2018

    EV/EBIT

    		-5.4 k x

    EV/CFO

    		-379.3 x

    Debt/Equity

    		0.1 x

    Debt/Assets

    		0.1 x

    Financial Leverage

    		1.8 x
    Show all financial metrics

    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
    Show all operating metrics

    Intuit Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    TsheetsDecember 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

    Embed Graph

    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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    Competitors

    Nemetschek
    Technology - Public
    Gusto
    Financial Services - Private
    TrackVia
    Technology - Private
    Microsoft
    Technology - Public
    Xero
    Financial Services - Public
    Wave HQ
    Technology - Private
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    Intuit Online and Social Media Presence

    Embed Graph
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    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…
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    Intuit Blogs

    August 13, 2018

    National Inventors Month: 5 Customer-Favorite QuickBooks Features

    Whether you’ve just started your own small business, or are thinking about taking the leap into the self-employed world, it is important to know how to manage your finances so your business runs smoothly. We at Intuit use the newest... Full Story
    August 10, 2018

    W-4 Withholding and Tax Reform

    On December 22, the President signed the tax reform bill into law that made sweeping changes to the tax law. Now that you have filed your 2017 taxes and the year is more than half way over, you may be... Full Story
    August 09, 2018

    “We the Prosperous” – Meet Khanna, An Entrepreneur Empowering a New Generation of Female Engineers

    Every Intuit customer has their own story. Along each of their journeys, they find passion, share advice, take risks, celebrate success, and form a community of their own. From small business owners, to the self-employed and those simply seeking ways... Full Story
    August 09, 2018

    4 Little Known Tips to Help You Pay School Tuition

    According to the College Board’s 2017 – 2018 Trends in College Pricing report, the average full-time student at a four-year nonprofit, private university will pay $34,740 a year in tuition and fees. Add in room and board and the price... Full Story
    August 07, 2018

    Are Business Networking Apps Tax Deductible?

    Building your own business comes with challenges and perks every step of the way, but along that path, you’re probably going to meet people who can lend a hand or share an important piece of advice. One of the most... Full Story
    August 07, 2018

    The Real World Financial Guide: Four Tips for Recent College Grads

    As a recent college grad moving into the full-time career space, you’re probably more than a little overwhelmed by some of the financial realities entering your life. The long journey to financial success comes with many milestones along the way... Full Story
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    Intuit Company Life and Culture

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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 Brad Smith, Michelle Clatterbuck and H. Tayloe Stansbury.

    • How many employees does Intuit have?

      Intuit has 8,900 employees.

    • What is Intuit revenue?

      Latest Intuit annual revenue is $6 b.

    • What is Intuit revenue per employee?

      Latest Intuit revenue per employee is $670.1 k.

    • Who are Intuit competitors?

      Competitors of Intuit include Nemetschek, Gusto and TrackVia.

    • Where is Intuit headquarters?

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

    • Where are Intuit offices?

      Intuit has offices in Mountain View, Fredericksburg, Plano, Los Angeles and in 16 other locations.

    • How many offices does Intuit have?

      Intuit has 20 offices.