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Intuit Inc. is a global financial technology platform dedicated to empowering prosperity for consumers and small to mid-market businesses by providing financial management, compliance, and marketing products and services. The company operates through four main segments: Global Business Solutions, Consumer, Credit Karma, and ProTax, offering a range of products such as QuickBooks, Mailchimp, TurboTax, and more . Intuit's offerings are primarily sold in the United States, with a small portion of revenue coming from international markets .
- Global Business Solutions - Offers financial management, payroll, payment processing, and marketing automation services to small and mid-market businesses, featuring products like QuickBooks and Mailchimp.
- Consumer - Provides tax preparation products and services through TurboTax, catering to individual consumers.
- Credit Karma - Delivers a personal finance platform that includes credit and loan recommendations for consumers.
- ProTax - Supplies tax products specifically designed for professional accountants.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Sasan K. Goodarzi ExecutiveBoard | President and Chief Executive Officer | Board Member at Atlassian Corporation Plc | CEO since January 2019, previously EVP/GM of Small Business & Self-Employed Group, and Consumer Tax Group. Instrumental in driving Intuit's strategic priorities and growth. | View Report → |
Alex G. Balazs Executive | EVP and Chief Technology Officer | None | CTO since September 2023. Architected Intuit's GenOS (AI operating system) and led platform acceleration initiatives. | |
Kerry J. McLean Executive | EVP, General Counsel, and Corporate Secretary | None | Oversees legal and corporate governance functions. No prior roles at Intuit mentioned in documents. | |
Laura A. Fennell Executive | EVP and Chief People & Places Officer | None | Leads Intuit's HR and workplace functions. Recognized for transformational leadership and operational rigor. | |
Lauren D. Hotz Executive | SVP and Chief Accounting Officer | None | Joined Intuit in 2004. Progressed through various accounting leadership roles. | |
Marianna Tessel Executive | EVP and GM, Small Business & Self-Employed Group | Board Member at Cisco Systems, Inc. | Former CTO (2019-2023). Led AI innovations and cybersecurity programs. Now leads Intuit's largest business segment. | |
Mark Notarainni Executive | EVP and GM, Consumer Group | None | Joined Intuit in 2009. Launched TurboTax Live and led customer success initiatives across Intuit's ecosystem. | |
Sandeep S. Aujla Executive | EVP and Chief Financial Officer | None | CFO since November 2024. No prior roles at Intuit mentioned in documents. | |
Eric S. Yuan Board | Independent Director | CEO of Zoom Video Communications, Inc. | Director since 2023. Founder of Zoom. Expertise in security, customer experience, and product innovation. | |
Eve Burton Board | Independent Director | EVP and Chief Legal Officer at Hearst Corporation; Board Member at A&E Television Networks LLC | Director since 2016. Legal and business expertise in M&A, compliance, and innovation. Founder of HearstLab. | |
Forrest Norrod Board | Independent Director | EVP and GM, Data Center Solutions Business Group at AMD | Director since July 2024. Expertise in AI and data engineering. Member of Acquisition and Audit Committees. | |
Raul Vazquez Board | Independent Director | CEO of Oportun Financial Corporation | Director since 2016. Former Walmart executive. Member of Acquisition and Audit Committees. | |
Ryan Roslansky Board | Independent Director | CEO of LinkedIn Corporation | Director since May 2023. Expertise in SaaS and global technology platforms. Member of Acquisition Committee. | |
Suzanne Nora Johnson Board | Independent Board Chair | Board Member at Pfizer Inc.; Co-Chair at Brookings Institution; Chair at Markle Foundation; Chair of USC Board of Trustees | Director since 2007. Extensive experience in financial services and governance. | |
Thomas Szkutak Board | Independent Director | Advisor and Operating Partner at Advent International | Director since 2018. Former CFO of Amazon. Chair of Audit and Risk Committee. | |
Vasant Prabhu Board | Independent Director | Board Member at Delta Air Lines, Inc.; Chair of Audit Committee at Kenvue Inc. | Director since May 2024. Former CFO of Visa Inc. Brings financial expertise and global operations experience. |
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In light of two quarters of deceleration in QuickBooks Online subscriptions and online services, how confident are you in the forecasted acceleration for Q1, and is this primarily driven by price increases or by organic growth in units and services?
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Can you provide more specifics on the recent restructuring, particularly which areas of the business saw reduced headcount, and how you plan to mitigate any execution risks associated with these reductions?
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With Mailchimp's revenue growth impacted by prior price and lineup changes, what concrete steps are you taking to reaccelerate Mailchimp's growth to desired levels, especially in terms of integration with QuickBooks, mid-market focus, and international expansion?
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Given your plans to test standalone SKUs where an AI agent does everything for the customer, what challenges do you anticipate in implementing this vision, and how will you ensure accuracy and data privacy in delivering these AI-driven financial management experiences?
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Despite strong growth in TurboTax Live, you've adjusted your long-term expectations for the Consumer segment; what strategies are you employing to accelerate adoption in the assisted tax market and among complex, higher-income DIY customers to capture more of the $30 billion assisted tax TAM?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Mailchimp | 2021 | Intuit’s acquisition of Mailchimp was valued at approximately $12 billion, including $5.7 billion in cash, 10.1 million shares of common stock (~$6.3 billion), and additional restricted stock units issued to substitute for outstanding awards and to benefit Mailchimp employees. The strategic rationale was to integrate Mailchimp’s marketing and customer engagement capabilities into QuickBooks, thereby accelerating Intuit’s vision of an AI-driven end-to-end growth platform for small- and mid-market businesses, with part of the cash financed via a $4.7 billion term loan. |
Recent developments and announcements about INTU.
Earnings
New Earnings (Q2 2025)
·Feb 26, 2025, 12:17 AMView full earnings summary →Intuit Q2 2025: Online Services (excl. Mailchimp) up 30%, Consumer rev on track for 7–8% growth. AI lifts margins with 40% higher engineer productivity. Key driver: mid-market expansion could eclipse current biz as IES displaces competitors and boosts cost/time savings.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMBylaw ChangesShareholder VoteView full 8-K filing →At its January 23 meeting, Intuit stockholders approved 13 directors, advisory executive compensation, and Ernst & Young as the independent auditor. They also adopted an amendment to limit officer liability per Delaware law.