Intuit (INTU) has announced a new suite of offerings for the 2024 tax season to make tax filing faster and more affordable. It guarantees federal tax refunds five days early, regardless of the filer’s banking institution, helping customers get quicker access to essential funds. The platform also offers a free mobile app for federal and state tax filing regardless of any tax complexities.INTU is transforming from a tax and accounting platform to an AI-driven expert ecosystem. Its AI capabilities, like Intuit ...

In the latest market close, Intuit (INTU) reached $626.05, with a +1.73% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.06%.Heading into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 6.64% over the past month, lagging the Computer and Technology sector's loss of 0.39% and the S&P 500's loss of 2.7% in that time.Investors will be ea ...

Intuit (INTU) had a strong start in fiscal 2025, delivering 10% revenue growth to reach $3.3 billion in the first quarter. The company's transformation into an AI-driven expert platform is yielding results, particularly visible in its Global Business Solutions Group. Its Online Ecosystem revenue growth of 20% marked a two-percentage-point acceleration from the previous quarter, coupled with Credit Karma's 29% revenue surge, thus demonstrating the successful execution of the company's digital initiatives.Cor ...

Intuit Inc. (NASDAQ:INTU) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:20 PM ET Company Participants Marianna Tessel - EVP and GM, Global Business Solutions Group Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Hey, welcome to our next session. Very happy to have Marianna here from Intuit. Question-and-Answer Session Q - Raimo Lenschow Let me start big picture. So, like, you had a kind of long career in the valley and I think people don't quite appreciate how m ...

Intuit Inc. (NASDAQ:INTU) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:20 PM ET Company Participants Marianna Tessel - EVP and GM, Global Business Solutions Group Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Hey, welcome to our next session. Very happy to have Marianna here from Intuit. Question-and-Answer Session Q - Raimo Lenschow Let me start big picture. So, like, you had a kind of long career in the valley and I think people don't quite appreciate how m ...

Intuit has rolled out new tax platform offerings for personal and small business filers.The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season.“Receiving a tax refund is a pivotal moment in the financial lives of millions of Americans each year, so we’re laser focused on eliminating the work and worry of tax filing, delivering the best ‘done-for-you’ tax prep experience on ...

Intuit Inc. (NASDAQ:INTU) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 6:00 PM ET Company Participants Mark Notarainni - General Manager of Consumer Group Conference Call Participants Michael Turrin - Wells Fargo Securities Michael Turrin Great. Thanks very much. Appreciate everyone making the time. We're closing out Day Two of the Wells Fargo TMT Summit here at Terranea in sunny Southern California with a good-sized room for a later session, and really pleased to have Mark Notarainni, Gene ...

Company and Industry Overview * **Company**: Intuit Inc. (NASDAQ:INTU) * **Industry**: Financial Technology (Fintech), Software as a Service (SaaS), Small and Medium-sized Business (SMB) Solutions Key Points and Arguments 1. **Economic Environment**: The economic environment is stable with optimism, driven by improving interest rate environment, regulatory environment, and potential increase in entrepreneurship due to better regulations for opening businesses. 2. **Demand Environment**: The demand environment is showing signs of improvement, particularly in the SMB-exposed software names. Growth is solid across the board, with notable improvements in the payments business and Credit Karma. 3. **Business Performance**: * **Global Business Solutions Group**: 80% of revenue is subscription-oriented, providing insulation in a downturn. The group is seeing strong momentum, with desktop revenue returning to growth in Q2. * **Credit Karma**: Revenue grew 29% in Q1, driven by improved monetization and expansion into new segments, particularly insurance. * **Online Ecosystem**: Grew 20% in Q1 and is expected to grow 20% for the full year. This is driven by pricing resonating, shift upmarket, and increased adoption of services. 4. **Intuit Enterprise Suite**: This new offering targets the mid-market and is gaining traction. The value proposition of getting insights across the whole business and making faster decisions is resonating with customers. 5. **Investment in Sales and Marketing**: Intuit is investing in sales and marketing, particularly in areas like Intuit Assist, live expertise, and international expansion. This investment is expected to pay off in the long term. 6. **AI and Machine Learning**: Intuit is leveraging AI and machine learning to improve conversion, retention, adoption, and monetization of its offerings. This includes AI onboarding, personalized product recommendations, and seamless unlock of live human experts. 7. **Promotional Activity**: Intuit has shifted its promotional cycle for TurboTax from December to January, aligning it with the timing when people start thinking about taxes. This change is expected to improve ROI. Other Important Points * **Headcount**: Headcount is expected to remain largely flat in Q1 to Q1, with a focus on right-sizing investments. * **Seasonality**: The timing and mix of marketing spend is changing, but the full-year spend is expected to be largely in line with historical trends. * **Margin Expansion**: Intuit expects to achieve margin expansion through strategic investments and operational efficiencies.

Intuit (INTU) reported first-quarter fiscal 2025 non-GAAP earnings of $2.5 per share, which beat the Zacks Consensus Estimate by 5.93%. The bottom line rose 1.2% from the year-ago quarter. Intuit's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 13.09%. Revenues of $3.28 billion beat the consensus mark by 4.58% and increased 10% year over year. (Read More: Intuit's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y) Intuit's Global Business Solutio ...

I am the principal Portfolio Manager at Torre Financial, founded in 2018. I am also a Sr. Director of Engineering at Zillow, have worked at startups, and have started two tech companies. I graduated from Princeton University with a BSE in Mechanical and Aerospace Engineering and received my MBA from UC Berkeley's Haas School of Business.Analyst’s Disclosure: I/we have a beneficial long position in the shares of INTU either through stock ownership, options, or other derivatives. I wrote this article myself, ...