Intuit Stock Price, News & Analysis

Intuit's latest survey reveals that Generation Z prefers discussing topics like politics and sex over finances, indicating a significant financial anxiety within this demographic. The survey, conducted among 2,000 Americans including an oversample of Gen Z, highlights that 66% feel they might never retire comfortably. A notable trend identified is “soft saving”, where nearly 3 in 4 Gen Zers prioritize quality of life over financial accumulation. Despite having access to financial information, many feel overwhelmed and unsure of how to manage their finances effectively, pointing to a gap between knowledge and application.

Intuit (Nasdaq: INTU) will announce second-quarter financial results for fiscal year 2023 on February 23, 2023, after market close. This quarter ends on January 31, 2023. Executives will discuss the results on a conference call at 1:30 p.m. Pacific time on the same day, accessible via the company’s investor relations website. A replay will be available for one week, with a passcode of 6854059 for the call. Intuit serves over 100 million customers worldwide through platforms like TurboTax, Credit Karma, QuickBooks, and Mailchimp, aiming to foster prosperity for individuals and communities.

TurboTax from Intuit (NASDAQ: INTU) released its Tax Trends Report, highlighting evolving financial behaviors in the U.S. for the 2021 tax year. The median Adjusted Gross Income was $46,000, marking a 10.2% increase year-over-year. Millennials and Gen Z are job-hopping at higher rates, with 73% of 18 to 24-year-olds changing employers in 2021. Cryptocurrency involvement was notable, with 4.5% of single filers aged 25-34 reporting transactions. Intuit emphasizes the importance of adapting tax strategies for the upcoming season and enhancing tools for investors. The report analyzes data from over 16 million TurboTax users.

Intuit Mailchimp has launched Campaign Manager, a comprehensive planning tool designed for marketers to oversee their campaigns across multiple channels including email and social media. Available from January 25th for Standard and Premium customers, Campaign Manager facilitates seamless campaign management by providing a single calendar view. It leverages data analytics to offer recommendations on optimal marketing touchpoints and integrates with third-party applications through webhooks. The tool aims to improve the efficiency of marketing efforts and enhance the customer experience for Mailchimp users.

Intuit QuickBooks and Mailchimp are hosting a virtual fireside chat on February 1, 2023, honoring Black History Month. The event, moderated by Nate Burleson and featuring Issa Rae, aims to highlight the challenges faced by Black-owned businesses. New data indicates that over 75% of Black business owners feel judged more critically than their non-Black counterparts, and more than 55% have been denied loans at least once. The chat will provide insights and practical advice to empower U.S. and Canadian Black entrepreneurs.

Intuit (NASDAQ: INTU) announced the expansion of the Intuit QuickBooks Business Network, aimed at enhancing B2B payments for small and mid-market businesses in the U.S. This network addresses the issue of late payments, which affects 52% of B2B small businesses. Key features include easy connections between businesses, automated invoice management, and accounts payable automation. With 5.9 million QuickBooks Online subscribers, the service processed $125 billion in payments volume in FY 2022. This innovation seeks to improve cash flow management and streamline financial operations for small business owners.

Intuit Inc. (NASDAQ: INTU) will hold its annual stockholder meeting virtually on January 19 at 8 AM Pacific time (11 AM Eastern time). CEO Sasan Goodarzi will present the company's fiscal year 2022 results and outline growth strategies. The meeting will be broadcast live on Intuit's investor webpage, with a replay available about 24 hours post-meeting. Intuit serves over 100 million customers globally through platforms like TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Intuit (NASDAQ: INTU) announces its new campaign, 'Come to TurboTax,' spotlighting the company's TurboTax Live service, where experts file taxes for customers. This year marks the brand's 10th consecutive Super Bowl advertisement. The campaign aims to shift the perception of TurboTax from DIY to expert assistance. The campaign will include various ad formats, including a spot during the Super Bowl, and digital partnerships with platforms like Netflix and Roku.

Credit Karma has partnered with TurboTax to provide a refund-focused tax experience aimed at helping Americans file their taxes efficiently. This collaboration will enable users to estimate their tax refunds and receive personalized advice. Eligible members can access refunds up to 5 days early via a Credit Karma Money account or obtain a Refund Advance loan in under a minute post-IRS acceptance. This initiative seeks to alleviate financial stress for consumers navigating high inflation and interest rates, offering tools to optimize their financial outcomes this tax season.