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, CA, US
Websiteintuit.com
Employee Ratings4.4
Overall CultureA

Latest Updates

Employees (est.) (Jul 2020)10,600(+13%)
Job Openings291
Revenue (FY, 2020)$7.7 B(+14%)
Share Price (Sept 2021)$572.1
Cybersecurity ratingCMore

Key People/Management at Intuit

Scott Cook

Scott Cook

Chief Innovator
Anshuman Kumar

Anshuman Kumar

Director - Global Brand & Corporate Communications
Cassie Divine

Cassie Divine

Senior Vice President, QuickBooks Online Platform Leader
Nhung Ho

Nhung Ho

Director of Data Science
Sheldon Cummings

Sheldon Cummings

Vice President Sales: Strategy, Operations, Marketing and Partnerships
Jharna Thammaiah

Jharna Thammaiah

Director HR
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Intuit Office Locations

Intuit has offices in Mountain View, Eagle, Fredericksburg, Los Angeles and in 15 other locations
Mountain View, CA, US (HQ)
2700 Coast Ave
Eagle, ID, US
235 E Colchester Dr #101Eagle
Fredericksburg, VA, US
110 Juliad Ct
Los Angeles, CA, US
21650 W Oxnard St #2200, Woodland Hills
Plano, TX, US
5601 Headquarters Dr
Reno, NV, 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 $7.68 b in FY, 2020 which is a 13.2% increase from the previous period.
USD

Revenue (Q3, 2021)

4.2b

Gross profit (Q3, 2021)

3.6b

Gross profit margin (Q3, 2021), %

86.1%

Net income (Q3, 2021)

1.5b

EBIT (Q3, 2021)

1.9b

Market capitalization (15-Sept-2021)

156.3b

Closing stock price (15-Sept-2021)

572.1

Cash (30-Apr-2021)

3.2b

EV

155.6b
Intuit's current market capitalization is $156.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.0b6.8b7.7b

Revenue growth, %

15%14%13%

Cost of goods sold

977.0m1.2b1.4b

Gross profit

5.0b5.6b6.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.0b1.5b3.3b1.2b1.7b3.0b1.3b1.6b4.2b

Cost of goods sold

247.0m285.0m354.0m290.0m340.0m421.0m249.0m353.0m581.0m

Gross profit

769.0m1.2b2.9b875.0m1.4b2.6b1.1b1.2b3.6b

Gross profit Margin, %

76%81%89%75%80%86%81%78%86%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.5b2.1b6.4b

Accounts Receivable

98.0m87.0m149.0m

Prepaid Expenses

184.0m266.0m314.0m

Current Assets

2.4b3.6b8.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.1b1.1b2.9b1.6b1.6b3.4b5.2b2.0b3.2b

Accounts Receivable

77.0m554.0m262.0m104.0m603.0m219.0m99.0m465.0m554.0m

Prepaid Expenses

269.0m253.0m255.0m304.0m308.0m277.0m246.0m312.0m305.0m

Current Assets

2.2b2.6b4.2b3.2b3.7b4.9b6.7b4.1b5.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.2b1.6b1.8b

Depreciation and Amortization

228.0m199.0m218.0m

Accounts Payable

12.0m90.0m33.0m

Cash From Operating Activities

2.1b2.3b2.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

34.0m223.0m1.6b57.0m297.0m1.4b198.0m218.0m1.7b

Depreciation and Amortization

51.0m99.0m147.0m49.0m114.0m168.0m46.0m137.0m250.0m

Accounts Payable

24.0m210.0m205.0m(5.0m)175.0m111.0m(58.0m)87.0m194.0m

Cash From Operating Activities

(143.0m)198.0m2.4b(127.0m)190.0m2.1b45.0m324.0m2.7b
USDFY, 2018

Revenue/Employee

670.1k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

2.2 x
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Intuit Operating Metrics

Intuit's Customers was reported to be 50 m in FY, 2018.
FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Customers

50 m

QuickBooks Desktop Units Sales

749 k114 k183 k258 k208 k763 k

Subscribers, desktop

385 k389 k394 k406 k413 k413 k

Subscribers, online

3.41 m3.59 m3.89 m4.25 m4.54 m4.54 m
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Intuit Acquisitions / Subsidiaries

Company NameDateDeal Size
TradegeckoAugust 03, 2020$80 m
Credit KarmaFebruary 24, 2020$7.1 b
ChronoBooksNovember 18, 2019
Origami LogicMay 28, 2019
ApplatixJanuary 29, 2018
TsheetsDecember 05, 2017$340 m
ExactorOctober 26, 2017
Playbook HRMarch 24, 2015
Porticor Cloud SecurityFebruary 05, 2015
ZeropaperJanuary 21, 2015
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Intuit Revenue Breakdown

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Intuit revenue breakdown by business segment: 6.4% from ProConnect, 40.8% from Consumer Tax and 52.7% from Small Business

Human Capital Metrics

Source: craft.co
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Intuit Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Intuit Online and Social Media Presence

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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

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Intuit News and Updates

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 CEO's $20 billion buying spree has put tax software company firmly on tech M&A map

In less than three years at the helm of Intuit, Sasan Goodarzi has made by far Intuit's two biggest acquisitions through a combination of cash and stock.

Intuit to acquire Mailchimp for $12 billion

Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, today announced that it has agreed to acquire Mailchimp, a world-class, global customer engagement and marketing platform for growing small and mid-market businesses.

Here’s why small-business kingpin Intuit is buying Mailchimp for $12B

By melding Mailchimp’s marketing tools with QuickBooks, the combined company will aim to create a one-stop shop for small businesses. Intuit, the company behind TurboTax and small-business accounting software QuickBooks, has announced plans to acquire marketing automation company Mailchimp for about…

Intuit acquires email marketing firm Mailchimp for $12B

Intuit Inc. announced today it has agreed to acquire email marketing firm Mailchimp Inc. for $12 billion in a cash and stock deal. Acquisition talks were first reported Aug. 12. It was noted at the time that Mailchimp had received interest from private equity firms and “large technology firms.” On …
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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 Scott Cook, Anshuman Kumar and Cassie Divine.

  • How many employees does Intuit have?

    Intuit has 10,600 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 $724.4 k.

  • Who are Intuit competitors?

    Competitors of Intuit include Zoho, Equiniti and Sage Intacct.

  • 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.