Intuit Stock Price, News & Analysis

Intuit (NASDAQ: INTU) will release its fourth-quarter and full-year financial results for fiscal year 2022 on August 23 after market close. The fourth quarter ends on July 31. A live conference call for discussing these results will take place at 1:30 p.m. PT on the same day. Additionally, Intuit's annual Investor Day is scheduled for September 29 at 8:00 a.m. PT, featuring presentations from company leaders.

The conference call will be accessible via Intuit’s investor relations website and will include a replay option.

Intuit's QuickBooks is launching a new campaign on July 5, featuring soccer star Javier "Chicharito" Hernández to inspire Latino entrepreneurs. The campaign encourages small business owners to adopt a bigger mindset, transitioning from a "negocito" to a "negociote." With Latino-owned businesses experiencing 34% growth over the last decade, the campaign aims to address challenges like access to funding. QuickBooks offers tools that nearly 60% of users rely on for loans, often finding greater acceptance rates through their services.

Credit Karma Money has launched a new cash back rewards feature for its users, allowing members to earn cash back on purchases made at select merchants using their Credit Karma Visa debit card. This initiative aims to provide all users, especially those with non-prime credit, access to financial benefits usually reserved for credit card users. Members will be automatically enrolled in the program, with no payout minimums for cash back earned. The feature builds on Credit Karma Money's commitment to enhance spending behaviors and provide more value to its over 110 million members.

Intuit (NASDAQ: INTU) announced that Varun Krishna, executive vice president and general manager of its Consumer Group, will participate in a fireside chat at the Bank of America Global Technology Conference on Tuesday, June 7. The event is scheduled for 9:30 a.m. PDT/12:30 p.m. EDT and will be accessible via audio webcast on Intuit’s investor relations website. A replay will be available approximately 24 hours post-event. Intuit delivers a variety of financial products, serving over 100 million customers globally.

Intuit QuickBooks and Mailchimp have launched the inaugural Small Business Hero Day, recognizing three small businesses with $20,000 each for their community contributions. The event coincides with Small Business Success Month celebrated on May 31. The awardees are:

• Hive of the Ozarks (Willard, MO)
• Tree House Craft Coffee & Frozen Yogurt (Houston, TX)
• Ray’s Millpond Cafe (Ray City, GA)

Intuit reported robust financial results for Q3 FY22, with total revenue reaching $5.6 billion, a 35% increase year-over-year. Organic online ecosystem revenue surged 31%, while TurboTax Live revenue is expected to grow 30% to $1 billion for the fiscal year. Operating income rose 25% to $2.4 billion, and earnings per share were $6.28, an 18% increase from last year. Despite a one-time charge of $141 million impacting earnings, Intuit remains confident, updating guidance for revenue and operating income upward for FY22.

U.S. Small Business Administrator Isabella Casillas Guzman and Intuit QuickBooks EVP Alex Chriss will host a Town Hall event on May 19, 2022, at 10 a.m. PT to address challenges faced by small businesses, including access to capital, inflation, and cash flow. The event will be moderated by Emmy-winning journalist Lisa Ling. According to a recent survey, 80% of small business owners have utilized SBA programs, with the top request being easier access to loans. The Town Hall aims to provide insights and solutions to enhance small business success.

Intuit Inc. (Nasdaq: INTU) will release its third-quarter fiscal year 2022 results on May 24, 2022, after market close. The quarter ends on April 30. A conference call to discuss these results is scheduled for 1:30 p.m. Pacific time on the same day, accessible via Intuit's investor site. A replay will be available one week after the call.

Intuit serves over 100 million customers globally with financial solutions like TurboTax and QuickBooks.

Intuit has launched Spreadsheet Sync for QuickBooks Online Advanced, enabling two-way synching with Excel. This integration aims to enhance data accuracy and reporting flexibility for mid-sized businesses. A survey revealed that 30% of customers required Microsoft integration for efficient data management. Spreadsheet Sync minimizes manual entries, allowing bulk uploads and edits of transactions. Key benefits include keeping data synced, providing deeper financial insights, and combining Excel's effectiveness with QuickBooks Advanced.