Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. (INTU) is a global financial technology platform known for products such as TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite. The Intuit news feed on Stock Titan aggregates company announcements, financial updates, product news, and strategic partnerships drawn from official releases and SEC-related disclosures.
Investors and followers of INTU can use this page to review earnings and guidance updates, including quarterly results and segment performance for Global Business Solutions and the Consumer segment. Intuit regularly reports on revenue trends for offerings such as QuickBooks Online Accounting, online services tied to money and payroll, TurboTax, Credit Karma, and ProTax, along with commentary from senior leadership on its AI-driven expert platform strategy.
News items also cover product and platform developments, such as expansions of TurboTax done-for-you experiences, the launch of TurboTax Expert Offices and TurboTax Stores, and campaigns like “Now This Is Taxes” that highlight Intuit’s AI+HI consumer platform. Announcements may describe how Intuit integrates AI agents and human experts, introduces new customer experiences, or expands its physical presence in key U.S. markets.
Another category of coverage involves strategic partnerships and ecosystem initiatives. Examples include Intuit’s multi-year partnership with Circle to bring USDC stablecoin capabilities to TurboTax, QuickBooks, and Credit Karma, and the availability of Intuit SMB MediaLabs audiences on The Trade Desk platform for advertisers targeting small and mid-market businesses.
Corporate and governance news appears as well, including board and executive updates, dividend declarations, investor conference appearances, and sponsorships such as Intuit’s role as a Founding Partner of the LA28 Olympic and Paralympic Games. For anyone tracking INTU stock, this page offers a centralized view of the company’s official news flow and strategic direction.
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.
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Marc Visent, CEO of Knowify, has been appointed to the Intuit U.S. Partner Council advisory board. This council consists of 9 members who will provide insights to help Intuit develop products for accountants and small businesses globally. Intuit serves approximately 100 million customers worldwide with its financial products like TurboTax and QuickBooks. Visent brings over a decade of experience in value-added services for small and mid-sized businesses, aiming to enhance the future of bookkeeping and SaaS solutions.
Cerity, a digital provider of workers’ compensation insurance, has partnered with Intuit to offer QuickBooks users streamlined access to essential insurance coverage. This collaboration aims to support small businesses, which have surged in formation recently, in meeting their insurance needs. Cerity's digital-first platform simplifies the process of obtaining coverage, enabling small business owners to focus on growth. Cerity is a subsidiary of Employers Holdings, which has over 100 years of experience in the workers' compensation sector.
Intuit's QuickBooks Small Business Insights Report reveals that inflation is the primary concern for U.S. small businesses, with 99% worried about its impact. Cash flow problems are prevalent, affecting 68% of businesses, leading many to deplete cash reserves or use personal funds. Cybersecurity threats are significant, with 42% reporting breaches. Despite challenges, 58% of small businesses remain optimistic about the economy, attributing potential growth to pandemic recovery. Additionally, fewer businesses plan to raise prices, and a majority expect workforce growth and improved employee benefits.
Intuit (Nasdaq: INTU) announced it will contest allegations made by the FTC regarding its advertising practices for free tax preparation. The FTC claims Intuit misdirected users eligible for free tax filing towards paid products. Kerry McLean, Intuit's executive VP, stated their campaigns have actually increased free filers from 11 million in 2018 to over 17 million in 2021. Intuit insists it has complied with IRS regulations and aims to promote greater access to free tax filing.