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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. 
TypePublic
Founded1983
HQMountain View, US
Websiteintuit.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Feb 2019)8,900
Job Openings537
Revenue (FY, 2018)$6 B(+16%)
Share Price (Mar 2019)$257.7

Key People/Management at Intuit

Brad Smith

Brad Smith

CEO, Chairman
Michelle Clatterbuck

Michelle Clatterbuck

CFO
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
CeCe Morken

CeCe Morken

Executive Vice President and General Manager, Strategic Partnerships
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Intuit Office Locations

Intuit has offices in Mountain View, Plano, Los Angeles, San Diego and in 14 other locations
Mountain View, US (HQ)
2700 Coast Ave
Fredericksburg, US
110 Juliad Ct
Los Angeles, US
21215 Burbank Blvd #100, Woodland Hills
Los Angeles, US
21215 Burbank Blvd #100, Woodland Hills
Menlo Park, US
180 Jefferson Dr
Plano, US
5601 Headquarters Dr
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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 (Q2, 2019)

1.5b

Gross profit (Q2, 2019)

1.5b

Gross profit margin (Q2, 2019), %

98.3%

Net income (Q2, 2019)

189.0m

EBIT (Q2, 2019)

233.0m

Market capitalization (18-Mar-2019)

66.8b

Closing stock price (18-Mar-2019)

257.7

Cash (31-Jan-2019)

1.1b

EV

66.1b
Intuit's current market capitalization is $66.8 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, 2019Q2, 2019

Revenue

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

Cost of goods sold

197.0m208.0m15.0m26.0m

Gross profit

611.0m2.0b1.0b1.5b

Gross profit Margin, %

76%91%99%98%
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, 2019Q2, 2019

Cash

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

Accounts Receivable

137.0m435.0m277.0m140.0m459.0m210.0m124.0m512.0m214.0m121.0m521.0m245.0m116.0m532.0m309.0m77.0m554.0m

Prepaid Expenses

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

Current Assets

2.0b2.5b3.4b2.4b2.6b2.9b1.4b1.5b2.3b1.3b1.7b2.3b1.4b1.9b2.8b2.2b2.6b
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, 2019Q2, 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)1.2b34.0m223.0m

Depreciation and Amortization

39.0m75.0m110.0m36.0m111.0m170.0m45.0m94.0m145.0m49.0m101.0m156.0m60.0m117.0m173.0m51.0m99.0m

Accounts Payable

32.0m88.0m56.0m32.0m116.0m125.0m(6.0m)103.0m77.0m(2.0m)93.0m104.0m61.0m176.0m160.0m24.0m210.0m

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)198.0m
USDY, 2019

EV/EBIT

283.5 x

EV/CFO

333.6 x

Revenue/Employee

168.8k

Financial Leverage

1.9 x
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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
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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

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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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Intuit Online and Social Media Presence

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Intuit News and Updates

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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

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

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

“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

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

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

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 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 Anton Hanebrink.

  • 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, Plano, Los Angeles, San Diego and in 14 other locations.

  • How many offices does Intuit have?

    Intuit has 20 offices.