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.
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| 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?
Research analysts who have asked questions during INTUIT earnings calls.
Brent Thill
Jefferies
6 questions for INTU
Brad Zelnick
Credit Suisse
5 questions for INTU
Sitikantha Panigrahi
Mizuho
5 questions for INTU
Aleksandr Zukin
Wolfe Research
4 questions for INTU
Kasthuri Rangan
Goldman Sachs
4 questions for INTU
Keith Weiss
Morgan Stanley
4 questions for INTU
Scott Schneeberger
Oppenheimer & Co. Inc.
4 questions for INTU
S. Kirk Materne
Evercore ISI
4 questions for INTU
Bradley Sills
Bank of America
3 questions for INTU
Daniel Jester
BMO Capital Markets
3 questions for INTU
Michael Turrin
Wells Fargo
3 questions for INTU
Raimo Lenschow
Barclays
3 questions for INTU
Alexander Markgraff
KeyBanc Capital Markets
2 questions for INTU
Alex Zukin
Wolfe Research LLC
2 questions for INTU
Allan Verkhovski
Scotiabank
2 questions for INTU
Steven Enders
Citigroup Inc.
2 questions for INTU
Taylor McGinnis
UBS
2 questions for INTU
Arjun Bhatia
William Blair
1 question for INTU
Arvind Ramnani
Piper Sandler
1 question for INTU
Brad Reback
Stifel
1 question for INTU
Kartik Mehta
Northcoast Research
1 question for INTU
Kash Rangan
Goldman Sachs
1 question for INTU
Kirk Materne
Evercore ISI
1 question for INTU
Mark Murphy
JPMorgan Chase & Co.
1 question for INTU
Rishi Jaluria
RBC Capital Markets
1 question for INTU
Siti Panigrahi
Mizuho Securities
1 question for INTU
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 press releases and 8-K filings for INTU.
- Intuit delivered 16% revenue growth in FY25 to nearly $20 billion with 40% operating margins, and set a 20% top-line growth aspiration.
- Investor Day unveiled a shift to an AI-powered “system of intelligence” focused on three bets: done-for-you experiences, money management, and mid-market expansion, all built on data, AI and human expertise.
- The mid-market segment achieved 40% revenue growth, 23% customer growth to ~350,000 users, and an ARPC of $27 k via Intuit Enterprise Suite, disrupting legacy ERPs.
- FY26 guidance calls for 12–13% consolidated revenue growth (>$21 billion), 14–15% in business solutions, 6–10% in TurboTax, 10–15% in Credit Karma, plus a 15% dividend increase and ongoing buybacks.
- FY2025 performance: revenue grew 16% to nearly $20 billion with 40% operating margin ; guidance for 12–13% revenue growth in FY2026 to >$21 billion, 14–15% for Global Business Solutions, and 15–20% for TurboTax Live.
- Three strategic bets: focus on AI-driven “done-for-you” experiences, money management services, and mid-market expansion with an AI + HI system of intelligence.
- AI and data advantage: proprietary long-tail data (625 k points per business, 70 k per consumer), robust ingestion services, over $1 trillion processed, and 15+ in-house LLMs underpin personalized offerings.
- Key FY2025 highlights: TurboTax Live revenue +47% to $2 billion ; Credit Karma revenue +32% ; mid-market revenue +40%, customer count +23%.
- Delivered 16% revenue growth to $18.83 B, with GAAP operating income up 36% to $4.92 B and non-GAAP operating income up 18% to $7.57 B; expanded margins to 26% GAAP and 40% non-GAAP in FY25.
- Issued FY26 guidance for 12–13% revenue growth to $20.997–21.186 B, GAAP operating income growth of 17–19% to $5.782–5.859 B, and non-GAAP operating income of $8.611–8.688 B.
- Reinforced AI-driven expert platform strategy across a $186 B business TAM and $142 B consumer TAM, targeting expansion via all-in-one offerings and “Big Bets” in automation and intelligence.
- Generated $6.08 B free cash flow (+31%) in FY25 and returned $4 B to shareholders, underscoring disciplined capital allocation and continued share repurchases.
- Emphasizes AI and data: Intuit highlights the importance of high-quality data (60,000 attributes per consumer) and combines AI with human intelligence to build agentic capabilities, supported by its GenOS operating system to enable startup-like agility within the enterprise.
- R&D productivity surge: Over the past six years, Intuit’s development productivity has improved 8x, with early AI coding tools boosting engineer throughput by up to 40%.
- Product evolution: Shifting from do-it-yourself tools to an AI-driven all-in-one platform that automates end-to-end workflows, enhancing customer efficiency and enabling monetization through upsell of value-added services.
- 2030 vision: Plans to expand up-market into mid-market and vertical industries, leveraging AI and data to become the one-stop financial platform for businesses and consumers by 2030.
- Intuit delivered 16% top-line growth for the fiscal year, expanded margins by over 40%, and achieved 20% growth in Q4.
- The company guided for 12–13% top-line growth and further margin expansion at a scale exceeding $20 billion in the new fiscal year.
- Management flagged headwinds from its MailChimp business, noting that guidance ex-MailChimp is stronger and outlining plans to address these challenges.
- Emphasized its decade-long bet on AI and human intelligence, highlighting the July launch of a virtual team of AI agents to drive customer engagement and operational efficiencies.
- Intuit Enterprise Suite adds four proactive AI agents—Finance, Accounting, Project Management, and Payments—to automate workflows, with 78% of customers finding it easier to run their business and 68% gaining more time for growth.
- ERP-level multi-entity financial management now offers consolidated reports, a multi-entity hub, and shared dimensions for real-time visibility across entities.
- New AI-powered business intelligence delivers report insights, advanced FP&A with three-way cash flow forecasting, and a customizable KPI scorecard with over 30 metrics.
- All enhancements are available today in the US under a contract-based pricing model tailored to customer needs.
- Assisted tax business showed robust performance with 23% customer growth and 47% revenue growth, exceeding the long-term target of 15-20% growth.
- The company highlighted significant AI integration across its products, including an AI agent that automates tax data entry and improves service efficiency.
- Emphasis was placed on consolidating the SMB platform, with initiatives to unify services like QuickBooks, Mailchimp, and Credit Karma to drive long-term stability and growth.
- Revenue of $7.8 billion grew by 15% in Q3 2025 with GAAP operating income increasing by 20% and EPS at $10.02, underscoring robust performance across segments.
- The company raised its fiscal 2025 guidance for revenue, operating income, and EPS, reflecting a strong overall momentum driven by its integrated AI platform and consumer tax innovations.
- TurboTax Live revenue surged 47% and AI-driven initiatives continue to underpin growth in both the Consumer and Business Platform segments, highlighting a transformative strategy.
- Capital allocation was active with a $754 million share repurchase and a 16% increase in the quarterly dividend to $1.04 per share, supporting shareholder value.