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1. Company Snapshot

1.a. Company Description

Intuit Inc.provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally.The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.


The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.This segment also offers payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; QuickBooks Cash business bank account; and financial supplies and financing for small businesses.The Consumer segment provides TurboTax income tax preparation products and services; and personal finance.


The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products.The ProConnect segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services.It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels.


The company was founded in 1983 and is headquartered in Mountain View, California.

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1.b. Last Insights on INTU

Intuit's recent performance was negatively impacted by weak revenue guidance, which fell short of estimates. The company's projected first-quarter revenue growth of 14-15% was below expectations of 16.1%. Despite delivering better-than-expected Q4 results, with 38% EPS growth and 20% revenue jump, fueled by gains in Global Business Solutions and Credit Karma, investors were disappointed by the outlook. Additionally, soft demand for MailChimp and TurboTax also contributed to the negative sentiment.

1.c. Company Highlights

2. Intuit's Q4 and Fiscal Year 2025 Results: Strong Revenue Growth and Margin Expansion

Intuit reported strong financial performance for its fourth-quarter and fiscal year 2025, with total revenue growth of 16% and operating margin expansion. The company's Q4 revenue came in at $3.8 billion, up 20%, with non-GAAP operating income of $1 billion, up 39%, and non-GAAP diluted earnings per share of $2.75, up 38%. This beat analysts' estimates, with EPS coming in at $2.75 relative to estimates at $2.66. The company's full-year revenue grew 16%, with strong operating margin expansion, and it is confident in delivering double-digit revenue growth and margin expansion in fiscal year 2026.

Publication Date: Aug -22

📋 Highlights
  • Full-Year Revenue Growth:: Intuit achieved a 16% increase in revenue with strong operating margin expansion.
  • Q4 Financial Performance:: Q4 revenue surged 20% to $3.8 billion, with non-GAAP operating income up 39% to $1 billion.
  • TurboTax Live Growth:: TurboTax Live revenue jumped 47%, driven by breakthrough adoption in the assisted tax category.
  • 2026 Guidance:: Projected revenue of $20.997–$21.186 billion (12–13% growth) and non-GAAP EPS of $22.98–$23.18 (14–15% growth).
  • Mid-Market Expansion:: The $89 billion TAM mid-market segment grew 40%, with Intuit Enterprise Suite achieving strong adoption.

Revenue Growth and Business Segments

The company's growth was driven by strong performance across its business segments. TurboTax Live saw 47% revenue growth, driven by breakthrough adoption. QuickBooks Online growth was 20%, with $8 billion in online growth. The mid-market segment, a $90 billion TAM, saw 23% customer growth and 40% growth in online business. Intuit's Credit Karma business had a fantastic year, and the company is working to make it less cyclical through innovation in areas like tax, insurance, and prime customers.

AI and Innovation

Intuit's business platform is gaining traction, with a virtual team of AI agents launched last month, showing strong customer engagement. The company has high expectations for growth, driven by its new business feeds with AI agents and human experts, which have already seen significant engagement from customers. According to management, "the experience and adoption of services are above expectations, with a couple of million customers engaging with AI agents." The company sees significant services adoption opportunities within its platform and believes AI will play a key role in driving growth.

Guidance and Valuation

Guidance for fiscal 2026 includes total company revenue of $20.997 billion to $21.186 billion, growth of 12% to 13%, and non-GAAP diluted earnings per share of $22.98 to $23.18, growth of 14% to 15%. Analysts estimate next year's revenue growth at 12.5%. At current prices, Intuit trades at a P/E ratio of 56.34, a P/B ratio of 9.71, and a P/S ratio of 10.7. The EV/EBITDA multiple is 36.45, and the dividend yield is 0.6%. With a free cash flow yield of 3.14% and ROIC of 12.91%, the company's valuation appears rich, but its growth prospects and innovation efforts may justify its premium valuation.

Conclusion

Overall, Intuit's fiscal year '25 performance was strong, with significant growth in key areas. The company's growth prospects are driven by share gains, data, and AI investments. While the guidance for the next year implies a bit of deceleration in global solutions business performance, excluding Mailchimp, the company sees durable trends in online acceleration and services growth.

3. NewsRoom

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American Century Growth Fund Q3 2025 Portfolio Review

Nov -10

Source: seekingalpha.com

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Virtus SGA Global Growth Q3 2025 Contributors And Detractors

Nov -09

Source: seekingalpha.com

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Intuit's All-in-One Agentic AI-Driven Consumer Platform Powers Year-Round Money Outcomes for Those Who Need It Most

Nov -06

Source: businesswire.com

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INTU: Smarter Buy Than Autodesk Stock?

Nov -05

Source: forbes.com

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Columbia Balanced Fund Q3 2025 Portfolio Update

Nov -04

Source: seekingalpha.com

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Payroll startup Deel names former Intuit exec Kauffman as CFO for IPO goal

Nov -03

Source: reuters.com

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Top 15 High-Growth Dividend Stocks For November 2025

Nov -02

Source: seekingalpha.com

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Intuit to Announce First-Quarter Fiscal Year 2026 Results on Nov. 20 Intuit to Announce First-Quarter Fiscal Year 2026 Results on Nov. 20

Oct -30

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.75%)

6. Segments

Global Business Solutions

Expected Growth: 15.2%

Intuit's Global Business Solutions drives growth through its cloud-based accounting and ERP solutions, streamlining financial management for mid-sized businesses, amid increasing adoption of cloud-based services and digital transformation in the industry.

Credit Karma

Expected Growth: 15.4%

Growing demand for personal finance management and increasing awareness about credit scores drive Credit Karma’s growth, as it offers free credit scores, reports, and tools, enabling users to track and manage their credit health effectively.

Pro-Tax

Expected Growth: 10.2%

Increased adoption of electronic filing, growing demand for professional tax services, and Intuit's established brand presence drive growth in the ProTax software market.

Consumer

Expected Growth: 10.5%

Growing adoption of digital payments, rising e-commerce sales, and increasing demand for contactless transactions drive the QuickBooks Consumer segment growth, fueled by Intuit's innovative payment solutions and expanding merchant network.

7. Detailed Products

TurboTax

A tax preparation software that guides users through the tax filing process, ensuring accuracy and maximizing refunds.

QuickBooks

An accounting software that helps small businesses manage their finances, including invoicing, expenses, and payroll.

Mint

A personal finance management tool that tracks spending, creates budgets, and sets financial goals.

ProConnect

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

Lacerte

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

ProSeries

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

8. Intuit Co's Porter Forces

Forces Ranking

Threat Of Substitutes

Intuit's products and services have some substitutes, but they are not very close. For example, QuickBooks has some substitutes like Xero and Zoho Books, but they are not as popular or widely used.

Bargaining Power Of Customers

Intuit's customers have low bargaining power because they are individual users or small businesses. They do not have the same level of negotiating power as larger businesses.

Bargaining Power Of Suppliers

Intuit's suppliers have low bargaining power because they are mostly small companies or individuals. They do not have the same level of negotiating power as larger companies.

Threat Of New Entrants

The threat of new entrants is low because entering the market would require significant investment in technology, marketing, and customer acquisition. Additionally, Intuit has a strong brand and customer loyalty, making it difficult for new entrants to gain traction.

Intensity Of Rivalry

The intensity of rivalry in the industry is medium because there are several players in the market, but Intuit has a strong market position and brand recognition. The competition is not extremely high, but it is still present.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 31.56%
Debt Cost 4.71%
Equity Weight 68.44%
Equity Cost 10.05%
WACC 8.37%
Leverage 46.11%

11. Quality Control: Intuit Co passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Intuit

A-Score: 5.5/10

Value: 1.2

Growth: 8.2

Quality: 8.6

Yield: 1.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

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Salesforce

A-Score: 5.0/10

Value: 2.2

Growth: 8.9

Quality: 8.4

Yield: 1.0

Momentum: 2.5

Volatility: 7.0

1-Year Total Return ->

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Cadence Design Systems

A-Score: 4.9/10

Value: 0.0

Growth: 7.3

Quality: 8.4

Yield: 0.0

Momentum: 8.0

Volatility: 5.7

1-Year Total Return ->

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AppLovin

A-Score: 4.9/10

Value: 0.0

Growth: 9.7

Quality: 8.0

Yield: 0.0

Momentum: 10.0

Volatility: 1.7

1-Year Total Return ->

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ServiceNow

A-Score: 4.6/10

Value: 0.0

Growth: 9.1

Quality: 8.0

Yield: 0.0

Momentum: 4.0

Volatility: 6.3

1-Year Total Return ->

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FICO

A-Score: 4.0/10

Value: 2.0

Growth: 8.1

Quality: 7.6

Yield: 0.0

Momentum: 2.0

Volatility: 4.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

654.32$

Current Price

654.32$

Potential

-0.00%

Expected Cash-Flows