About Intuit Inc. - Common Stock Company overview from Wikipedia

Intuit Inc. is an American multinational business software company that specializes in financial software. Headquartered in Mountain View, California, the company is led by CEO Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting software QuickBooks, the credit monitoring and personal finance service Credit Karma, and the email marketing platform Mailchimp. As of 2019, more than 95% of its revenue and earnings originated from its operations within the United States. Intuit is listed on the Nasdaq stock exchange and is a component of the Nasdaq-100, S&P 100, and S&P 500 stock market indices.

History

The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California.

Scott Cook developed the concept for Intuit after his work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. While seeking a programmer, Cook met Tom Proulx at Stanford University. The two started Intuit, which initially operated out of a small room on University Avenue in Palo Alto. The first version of Quicken was coded in Microsoft's BASIC programming language for the IBM PC and UCSD Pascal for the Apple II by Tom Proulx and had to contend with a dozen serious competitors.

In 1991, Microsoft decided to produce a competitor to Quicken called Microsoft Money. To incentivize retailers, Intuit included a US$15 rebate coupon. Industry observers at the time noted this as a novel strategy for a software company. Around the same time, the company engaged John Doerr of Kleiner Perkins and diversified its product lineup.

On March 12, 1993, Intuit went public on the NASDAQ stock exchange under the ticker symbol INTU. The proceeds were used to make a key acquisition: the tax-preparation software company Chipsoft based in San Diego. Following the IPO, the company expanded its market share, leading to a 1994 buyout offer from Microsoft in 1994; at this time Intuit's market capitalization reached US$2 billion. However, the United States Department of Justice sued to block the acquisition.

As Microsoft competition intensified Intuit's Quicken business in the late 1990s, the company pivoted its strategy by developing web-based products while prioritizing QuickBooks for small business accounting and TurboTax for tax preparation—market segments where Microsoft faced less competition. The company made a number of investments around this time. Among others, it purchased a large stake in Excite and acquired Lacerte Software, a Dallas-based developer of tax preparation software used by tax professionals. It also divested its online bill payment service unit in exchange for an equity stake in CheckFree.

In June 2013, Intuit announced it would sell its financial services unit to private equity firm Thoma Bravo for $1.03 billion.

As of May 2018, Intuit had more than US$5 billion in annual revenue and a market capitalization of about US$50 billion. In August 2018, the company announced that Sasan Goodarzi would become Intuit's leader and CEO at the beginning of 2019. Former CEO Brad Smith remained as chairman of Intuit's board of directors. In August 2020, Intuit QuickBooks Canada was expected to reveal intentions to partner with Digital Main Street, as the company aims to help digitally turn Canadian small businesses.

In July 2024, Intuit announced it would lay off 1,800 employees, or 10% of its workforce, in order to refocus resources on generative AI initiatives. In May 2026, Intuit laid off a further 3000 employees, or 17% of its workforce, once again citing a need to streamline operations and focus on generative AI.

Legal issues

Intuit formerly offered a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. TurboTax Free File was developed as part of an agreement whereby members of the Free File Alliance would offer tax preparation for individuals below an income threshold for free in exchange for the IRS not providing taxpayers with free pre-filled forms. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition

through deceptive practices, including search engine delisting and misleading discounts targeted at members of the military. Subsequent investigations by the Senate Committee on Homeland Security and Governmental Affairs and the New York State Department of Financial Services reached similar conclusions, the latter concluding that Intuit engaged in "unfair and abusive practices".

As of 2022, Intuit is the subject of multiple lawsuits and is under investigation by the FTC and several state attorneys general. On May 4, 2022, Intuit agreed to pay a $141 million settlement over misleading advertisements.

Current products

CEO Sasan Goodarzi oversees all products in all countries.

TurboTax

Offered in Basic, Standard, Premier, and Home & Business versions, as well as TurboTax 20 for preparing multiple returns.

QuickBooks

Small business accounting and financial management software, offered in EasyStart, Pro, and Premier versions.

QuickBooks Online

Web-based accounting software designed for companies to review business financials through live data and insights to help make clear business decisions.

ProConnect

Professional tax products, including ProConnect Tax Online, Lacerte, ProSeries Professional, ProSeries Basic, and EasyAcct.

Credit Karma

Access to credit scores, reports, and monitoring. As of 2024, Credit Karma includes the personal account capabilities of former Intuit Mint.

QuickBooks Commerce

Open platform that consolidate sales channels into a central hub for product-based small businesses.

Intuit Prosperity Hub Program

Empowering local economies by creating new job opportunities, preparing students for jobs of the future and supporting small businesses. (which includes the SaverLife Solutions platform)

Mailchimp

E-mail marketing platform.

Intuit Enterprise Suite

Cloud Enterprise Resource Planning (ERP) software suite for mid-market businesses.

Intuit Professional Tax Software

Intuit Professional Tax Software is a portfolio of tax preparation products developed by Intuit for accounting and tax professionals. The portfolio includes three professional products: ProConnect Tax, Lacerte Tax, and ProSeries Tax. Each product is designed for a different segment of the professional tax market, from individual practitioners to firms that manage complex or high-volume returns. Together, they form Intuit’s Professional Tax software lineup and support a broad range of workflows and firm types.

ProConnect Tax Online

Source:

Intuit ProConnect Tax Online (formerly Intuit Tax Online) is a cloud-based professional tax preparation software designed for accountants and tax advisors. The platform enables tax professionals to prepare and file individual and business returns entirely online, with workflows accessible from any location.

ProConnect Tax Online is a cloud-based tax software that supports over 5,700 tax forms, including Forms 1040, 1041, 1120, 1120-S, and 1065, and features more than 21,000 error diagnostics. The software integrates with QuickBooks Online Accountant to streamline bookkeeping-to-tax workflows. It includes tools such as Intuit Link for client document collection, built-in e-signature capabilities, and integration with Intuit Tax Advisor for generating tax planning strategies. It is used by accounting firms that prefer cloud-based tax preparation workflows. ProConnect Tax is offered as a package or on a pay-per-return basis. Intuit ProConnect Tax is offered as a package or on a pay-per-return basis In 2024, it became the first professional tax software to offer built-in tax-planning strategy generation through its Tax Advisor integration.

Lacerte Tax Software

Source:

Intuit Lacerte Tax is a desktop-based professional tax preparation software designed for large accounting firms and complex tax returns. Originally developed by Lacerte Software Corp., founded by CPA Larry Lacerte, the software was acquired by Intuit in May 1998 for approximately $400 million in cash.

Lacerte Tax is a desktop-based tax software that supports over 5,700 forms, including individual, corporate, partnership, fiduciary, estate, and gift tax returns, and features more than 25,000 error-checking diagnostics. The software offers advanced tools, including comprehensive tax planning utilities, what-if analysis, and integration with QuickBooks Desktop for trial balance imports. Although it requires local installation, Intuit offers optional cloud-hosting services for remote access. Lacerte is primarily targeted at mid-size and large accounting firms, as well as smaller firms handling particularly complex returns, and is typically sold either as an unlimited-use license or on a pay-per-return basis, positioning it as a premium offering in the professional tax software market.

ProSeries Tax Software

Intuit ProSeries Tax is a desktop-based professional tax preparation software aimed at individual practitioners and small to mid-sized firms. ProSeries predates Intuit's acquisition of Lacerte and has been offered by Intuit since the 1990s.

ProSeries is a desktop-based tax software available in two editions: ProSeries Professional, which supports individual and business returns, including Forms 1120, 1120-S, and 1065, and ProSeries Basic, which is primarily limited to Form 1040 individual returns. The software features a forms-based interface that displays tax forms on-screen for direct data entry, offering approximately 3,700 forms and schedules, along with around 1,000 error-checking diagnostics. ProSeries integrates with QuickBooks Desktop for importing financial data, and optional cloud hosting is available. Intuit markets ProSeries to small and mid-sized tax practices seeking a balance of functionality and cost, positioning it as a more affordable tax software to Lacerte, with licensing options including unlimited annual licenses or pay-per-return plans.

International operations

Canada

Intuit Canada ULC, an indirect wholly owned subsidiary of Intuit, is a developer of financial management and tax preparation software for personal finance and small business accounting. Services are delivered on a variety of platforms including application software, software connected to services, software as a service, platform as a service and mobile applications. Intuit Canada has employees located all across Canada, with offices in Edmonton, Alberta, and Toronto, Ontario.

Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. In 1992, Edmontonians and University of Alberta graduates Bruce Johnson and Chad Frederick had built a tax preparation product called WINTAX – Canada's first Microsoft Windows-based personal tax preparation software. In 1993, they agreed to be acquired by Chipsoft, manufacturer of the U.S. personal income tax software TurboTax. Shortly after the WINTAX acquisition, Chipsoft agreed to merge with Intuit, the developer of the Quicken financial software. Intuit Canada continued to update and support the WINTAX software, which was renamed QuickTax in 1995 and then renamed TurboTax in 2010. Intuit Canada quickly became the hub for international development at Intuit, producing localized versions of Quicken and QuickBooks for Canada (in French and English) and the United Kingdom. The U.K. version of Quicken was discontinued in 2005.

Current products of Intuit Canada

TurboTax (formerly QuickTax) – offered in Basic, Standard, Premier, and Home & Business versions, as well as TurboTax 20 for preparing multiple returns.

TurboImpôt (formerly ImpôtRapide) – French-language version of TurboTax – offered in de base, de luxe, premier and particuliers et entreprises versions.

TurboTax online – Online versions of Free, Student, Standard, Premier and Home & Business.

TurboImpôt en ligne (formerly ImpôtRapide en ligne) – Online versions of TurboImpôt gratuit, étudiant, de luxe, premier and particuliers et entreprises.

SnapTax – an iPhone app that allows users to complete their income tax return on their iPhone

TurboTax Refund Calculator – an iPad app that estimates tax returns and illustrates how changes, such as having a baby, can impact your income tax return

QuickBooks – Small business accounting and financial management software, offered in EasyStart, Pro and Premier versions.

QuickBooks Payroll Solutions – extends QuickBooks Pro and Premier into an in-house payroll.

Intuit Merchant Service for QuickBooks – lets you process credit and debit transactions directly in any version of QuickBooks.

QuickBooks Enterprise Solutions – for midsized companies that require more capacity, functionality and support than is offered by traditional small business accounting software; includes QuickBooks Payroll.

QuickBooks Online – an online small business accounting and financial management software, offered in EasyStart, Essentials, and Plus versions.

Intuit GoPayment – process and receive payments on the go through your mobile device.

QuickBooks Succès PME – French-language version of QuickBooks, offered in Succès PME, Succès PME Pro, and Succès PME Premier versions

QuickBooks Succès PME Service de paie – French-language version of the Payroll Solutions

ProFile Basic and Premier Editions – Professional Tax Preparation Packages

Discontinued products of Intuit Canada

TaxWiz – Tax preparation software – the company purchased in 2002, discontinued in 2007.

WillExpert – A software package for preparing personal wills (for use within all of Canada with the exception of Quebec, due to specific provincial legislation).

In 2008, Intuit Canada discontinued the TaxWiz software and added QuickTax Basic to their lineup. Changes made by the Canada Revenue Agency forced Intuit and other tax preparing software companies to limit the number of returns available from their software to 20. This caused Intuit Canada to stop offering QuickTax Pro50 and Pro100 products, and it now offers QuickTax 20 as an alternative. Intuit Canada has since announced that for the 2010 tax year, it will discontinue use of the name QuickTax and replace it with the name TurboTax – thus bringing the product in line with Intuit's American tax-filing software.

India

Intuit India is a fully owned subsidiary of Intuit, Inc.. Located in the southern city of Bangalore, the India office was started in April 2005. Currently it has more than 500 employees. It is one of the two development centers of Intuit outside the US, along with Intuit Canada.

A 26 July 2007 Techwhack article (among others) said Intuit-India would expand in international markets, including India, China, Russia, and Brazil. Nilesh Thakker, country manager for India, said there was huge opportunity in these nations. Intuit India is working on point-of-sale software for the Indian market and considering hosted versions of products in India, including online banking services for banks.

In Dec 2009, Intuit Inc. and Web 18's moneycontrol.com announced to provide Personal Finance Management Solutions in India and they signed a three-year partnership to provide a new financial management tool to Indian consumers on India's leading financial portal moneycontrol.com.

Intuit Money Manager

In January 2010, Intuit India released Intuit Money Manager, the company's first financial software product developed specifically for consumers in India. The web-based Intuit Money Manager is an innovative personal finance tool. This portal aggregated information from multiple bank accounts and credit card accounts. Once connected the portal tracked transactions across bank accounts, credit cards and loan transactions and balances through an interface.

Intuit Money Manager's beta version was launched through MoneyControl in the last week of August 2009. The product was then relaunched in Jan 2011 in partnership with ICICI Bank. In 2013, ICICI Bank replaced Intuit Money Manager with Yodlee's MoneyCenter which is branded as "My Money from ICICI".

Awards and recognition

Intuit India has been ranked No.1 in the "India's Best Companies to Work For – 2017" list, and ranked No. 1 in the Information Technology category.

It has also been recognized as one of the best companies in the Employee Wellness and Employer Branding categories (2017).

Online communities

Intuit has had several online communities, some of which offer integration or cross-sells into its other products. These include the QuickBooks and TurboTax online communities for QuickBooks users and small business owners and tax payers respectively, Quicken Online Community for Quicken users and those who need help with the personal finances, and the Accountant Online Community and Jump Up. These communities have consisted of blogs, an expert locator map and event calendar, forums and discussion groups, podcasts, videocasts and webinars, and other user-created content.

JumpUp (formerly JackRabbit Beta) was a free social networking and resources site for small business owners and/or start-ups. Free tools and services included an interactive business planner, online training for developing a successful business plan, starting costs calculator, cash flow calculator, break-even calculator, templates for business planning and sample business plans.

TaxAlmanac was a free online tax research resource. The site included information including the Internal Revenue Code, Treasury Regulations, Tax Court Cases, and a variety of articles. This site was up for closure but due to massive feedback, has reminded up. It has however been archived since June 2014, meaning the existing content can be accessed and viewed but no new posts or comments can be made after this archival.

Modeled after English Wikipedia, TaxAlmanac was launched in May 2005. The June 6, 2005 edition of Time magazine featured an article entitled "It's a Wiki, Wiki World" about English Wikipedia in which TaxAlmanac was highlighted as "A Community of Customers". The November 21, 2005 edition of Business Week featured an article titled "50 Smart Ways to Use the Web" in which TaxAlmanac was selected as one of the 50. The product made the short list as one of the 7 in the collaboration category. Intuit archives TaxAlmanac effective June 1, 2014. Many of the users have migrated to a new site called TaxProTalk.com.

Zipingo was a free website where users could rate services such as contractors, restaurants, and other businesses. Ratings and comments were either entered from the website or through Quicken and QuickBooks. The site was closed by Intuit on August 23, 2007.

Finances

For the fiscal year 2021, Intuit reported earnings of US$2.062 billion, with an annual revenue of US$9.633 billion, an increase of 25.4% over the previous fiscal cycle. Intuit's shares traded at over $498.18 per share and total international net revenue was less than 5% of total net revenue.

Acquisitions and carve-outs

1990s

In 1993, Intuit acquired Chipsoft, a tax preparation software company based in San Diego.

In 1994, the firm acquired the tax preparation software division of Best Programs of Reston, VA. In the same year, Intuit acquired Parsons Technology from Bob Parsons for $64 million.

In 1996, it acquired GALT Technologies, Inc of Pittsburgh, PA.

In 1998, it acquired Lacerte Software Corp., which now operates as an Intuit subsidiary. The Lacerte subsidiary focuses on tax software used by professional accountants who prepare taxes for a living. It is generally used by larger firms with more complex workflows and clients.

On March 2, 1999, Intuit acquired Computing Resources Inc. of Reno, Nevada for approximately $200 million. This acquisition allowed Intuit to offer a payroll processing platform through its QuickBooks software program. In December 1999, Intuit purchased Rock Financial for a sum of $532M. The company was renamed Quicken Loans. In June 2002, Rock Financial founder Dan Gilbert led a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit.

2000s

In 2001, Intuit invested in UK market, hiring a local management team led by Stephen Lee, managing director, and Neil Atkins, marketing director, with an aim to become Europe's leading B2B & B2C packaged accounts solution.

In 2002, the firm acquired Management Reports International, a Cleveland-based real estate management software firm. The firm was renamed Intuit Real Estate Solutions (IRES) and offers real estate management products for Windows and the web. In 2002, it acquired Eclipse ERP for $88 million, a real-time transaction processing accounting software used for order fulfillment, inventory control, accounting, purchasing, and sales

In 2003, it acquired 'Innovative Merchant Solutions' (IMS).a firm that provided merchant services to all types of businesses nationwide. The acquisition gave Intuit the ability to process credit cards through its core product, QuickBooks, without the need for hardware leasing. They can also provide traditional terminal-based credit card processing and downloading transactions directly into the QuickBooks software.

In November 2005, Intuit acquired MyCorporation.com, an online business document filing service, for $20 million from original founders Philip and Nellie Akalp.

In September 2006, it acquired StepUp Commerce, an online localized product listing syndicator, for $60 million in cash. In December 2006, it acquired Digital Insight, a provider of online banking services.

On August 17, 2007, Intuit sold Eclipse ERP to Activant, for $100.5 million in cash .

In December 2007, it acquired Electronic Clearing House to add check processing power.In December 2007, it acquired Homestead Technologies which offers web site creation and e-commerce tools targeted at the small business market, for $170 million.

In December 2008, it acquired Entellium, a by-then bankrupt software company that had developed on-demand customer relationship management software.

In April 2009, it acquired Boorah, a restaurant review site. On June 2, 2009, it announced the signing of a definitive agreement to purchase PayCycle Inc., an online payroll services, in an all-cash transaction for approximately $170 million. On September 14, 2009, Intuit Inc. agreed to acquire Mint.com, a free online personal finance service, for $170 million.

2010s

On January 15, 2010, Intuit Inc. spun off Intuit Real Estate Solutions (which Intuit acquired in 2002) as a stand-alone company. The new company took on its previous moniker, and is now known as MRI Software.

On May 21, 2010, Intuit acquired MedFusion, a Cary, NC leader of Patient to Provider communications for approximately $91 million. On August 10, 2010, it. acquired the personal finance management app Cha-Ching. On June 28, 2011, it acquired the Web banking technology assets of Mobile Money Ventures, a mobile finance provider, for an undisclosed amount. This acquisition is expected to position Intuit as the largest online and mobile technology provider to financial institutions.

On May 18, 2012, it. acquired Demandforce, an automated small business marketing, and customer communications SaaS provider for approximately $423.5 million.

On August 15, 2012, it announced an agreement to sell its 'Grow Your Business' business unit to Endurance International. The sale included the Intuit Websites and Weblistings products which had been formed from the Homestead Technologies and StepUp Commerce acquisitions.

On July 1, 2013, it announced an agreement to sell its Intuit Financial Services (IFS) business unit (formerly known as Digital Insight) to Thoma Bravo for more than $1.03 billion. On August 19, 2013, it announced that it had sold its Intuit Health business unit (formerly known as MedFusion) back to MedFusion's founder, Steve Malik.

In August 2013, Intuit Inc. acquired tax planning software Good April for an undisclosed amount. On October 23, 2013, it acquired Level Up Analytics, a data consulting firm. On October 30, 2013, it acquired Full Slate, a developer of appointment scheduling software for small businesses. In November 2013, Intuit acquired Prestwick Services, LLC, and incorporated TruPay into its Employee Management Solutions Division.

In May 2014, Intuit Inc. bought Invitco to help bookkeepers put bill processing in the cloud. In May 2014, it acquired Check for approximately $360 million to offer bill pay across small business and personal finance products. In December 2014, it. acquired Acrede, UK-based provider of global, cross-border and cloud-based payroll services.

In March 2015, Intuit Inc. acquired Playbook HR.

In January 2016, Intuit Inc. announced an agreement to sell Demandforce to Internet Brands. On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital. On March 8, 2016, it announced plans to sell Quickbase to private equity firm Welsh, Carson, Anderson & Stowe. In October 2016, Intuit acquired Bankstream to integrate direct bank feeds into QuickBooks.

On May 1, 2017, Intuit announced it was selling TruPay.

On December 5, 2017, Intuit announced its acquisition of TSheets, a time-tracking and scheduling software company, for $340 million to expand its small business management offerings.

2020s

On February 24, 2020, Intuit CEO and leader Sasan Goodarzi announced that it planned to acquire Credit Karma for $7.1 billion. On August 3, 2020, Intuit announced its acquisition of TradeGecko for $100 million.

On September 13, 2021, Intuit announced its acquisition of Mailchimp for $12 billion.

In January 2024, Intuit integrated some of the functions of its personal accounting software Mint into Credit Karma's net worth product line and retired Mint.

Lobbying

Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries.

In 2009, the Los Angeles Times reported that Intuit spent nearly $2 million in political contributions to eliminate free online state tax filing for low-income residents in California. According to the New York Times, from 2009 to 2014, Intuit spent nearly $13 million lobbying, as reported by OpenSecrets, as much as Apple. Intuit spent $1 million on the race for the California state comptroller to support Tony Strickland, a Republican who opposed ReadyReturn, against John Chiang, a Democrat who supported ReadyRun (and won). Joseph Bankman, professor of tax law, Stanford Law School, and advocate of simplified filing, believes that the campaign warned politicians that if they supported free filing, Intuit would help their opponents.

On March 26, 2013, ProPublica reported that the company lobbied against return-free filing as recently as 2011. One year later, ProPublica reported that the company appeared to be linked to a number of op-eds and letters to Congress in a campaign advocating against direct tax filing backed by the Computer & Communications Industry Association, an advocacy organization of which Intuit is a member.

In October 2019, Propublica reported again that Intuit used "lobbying, the revolving door and dark pattern customer tricks" to fend off the US government's attempts to make tax filing free and easy, and created its multi-billion-dollar franchise.

Lawsuits

An antitrust lawsuit and a class-action suit relating to cold calling employees of other companies were settled out of court along with Apple and Google.

In March 2015, The Washington Post and computer reporter Brian Krebs reported that two former employees alleged that Intuit knowingly allowed fraudulent returns to be processed on a massive scale as part of a revenue-boosting scheme. Both employees, former security team members for the company, stated that the company had ignored repeated warnings and suggestions on how to prevent fraud. One of the employees was reported to have filed a whistleblower complaint with the US Securities and Exchange Commission.

FTC Lawsuit Over Intuit's 'Free' Tax Filing Claims

The Federal Trade Commission (FTC) has taken legal action against Intuit Inc., the maker of TurboTax software, for deceptive advertising practices. They allege that Intuit's "free" tax filing claims are misleading, as they are not accessible to a significant number of taxpayers, including gig economy workers and those with farm income. To prevent further harm, the FTC has filed both an administrative complaint and a federal district court complaint, seeking to halt Intuit's deceptive advertising. The outcome of this legal action will determine the company's accountability in the matter. An FTC administrative law judge ruled in September 2023 that Intuit's advertising practices of free filing was deceptive and issued a cease-and-desist order to prevent Intuit from using that. The judge's decision was affirmed and finalized by January 2023.

Intuit appealed to the Fifth Circuit Court of Appeals, which heard the case in November 2024. The Fifth Circuit, in March 2026, ruled in favor of Intuit, citing the Supreme Court decision SEC v. Jarkesy (2024) to rule the FTC's determination of fault through an administrative law judge was unconstitutional. The Fifth Circuit vacated the FTC's ruling, and instead required the FTC to seek a jury trial to determine fault.

Artificial intelligence

In 2025, Intuit announced a $100 million partnership with OpenAI to integrate its financial products—TurboTax, Credit Karma, QuickBooks, and Mailchimp—directly into ChatGPT, representing one of the largest enterprise adoptions of generative AI.

In early 2026, Intuit and Anthropic announced a multi-year partnership to bring custom AI agents to mid-market businesses on the Intuit platform using Claude, with experiences beginning to roll out in spring 2026.

In 2026, Intuit expanded its physical presence by opening nearly 600 offices and 20 TurboTax-branded storefronts, combining AI and machine learning capabilities with human tax expertise.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

INTU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$352.80

Market Cap

$97.90B

P/E (TTM)

25.7

EPS (TTM)

$13.67

Revenue (TTM)

$18.83B

Div Yield

1.2%

ROE

20.5%

Debt/Equity

0.3

52W Range

$253 – $719

INTU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $18.83B

2016-07-31 → 2025-07-31

EPS $13.67

2016-07-31 → 2025-07-31

Free Cash Flow $6.12B

2016-07-31 → 2025-07-31

Margins 20.5%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

INTU

Peer Median

P/E (TTM)

25.7

40.4

P/S (TTM)

5.2

9.3

P/B

5.0

12.2

EV / EBITDA

20.5

—

Price / FCF

16.0

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

INTU

Peer Median

Operating Margin

26.1%

—

Net Profit Margin

20.5%

21.3%

ROA

11.2%

11.1%

ROE

20.5%

22.5%

ROIC

15.3%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

INTU

Peer Median

Debt / Equity

0.3

—

Current Ratio

1.4

1.3

Quick Ratio

0.3

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

INTU

Peer Median

Revenue YoY

15.6%

—

Revenue CAGR 3Y

14.0%

—

Revenue CAGR 5Y

19.7%

—

EPS YoY

31.1%

—

Net Income YoY

30.6%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

INTU

Peer Median

EPS (Diluted)

$13.67

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

INTU

Peer Median

Payout Ratio

30.7%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

1.2%

Payout Ratio

30.7%

5Y Div CAGR

—

Ex-date	Amount
July 9, 2026	$1.2000
April 9, 2026	$1.2000
Jan. 9, 2026	$1.2000
Oct. 9, 2025	$1.2000
July 10, 2025	$1.0400
April 10, 2025	$1.0400
Jan. 10, 2025	$1.0400
Oct. 10, 2024	$1.0400
July 10, 2024	$0.9000
April 9, 2024	$0.9000
Jan. 9, 2024	$0.9000
Oct. 5, 2023	$0.9000
July 7, 2023	$0.7800
April 6, 2023	$0.7800
Jan. 9, 2023	$0.7800
Oct. 6, 2022	$0.7800
July 8, 2022	$0.6800
April 8, 2022	$0.6800
Jan. 7, 2022	$0.6800
Oct. 7, 2021	$0.6800

INTU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 42 analysts

Strong Buy 11 26.2%
Buy 17 40.5%
Hold 12 28.6%
Sell 2 4.8%
Strong Sell 0 0.0%

12-Month Price Target

33 analysts · 2026-08-15

Median $430.00

Now $352.80

Low $250.00

High $921.00

Median target $430.00 +21.9%

Mean target $451.32 +27.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.23%

Next Report

Aug 25, 2026

Period	EPS Actual	EPS Est	Surprise
Sept. 30, 2026	$12.80	$12.82	—
June 30, 2026	$12.80	$12.82	-0.02%
March 31, 2026	$4.15	$3.74	0.41%
Dec. 31, 2025	$3.34	$3.16	0.18%
Sept. 30, 2025	$2.75	$2.71	0.04%
June 30, 2025	$11.65	$11.13	0.52%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
INTU	$219.15B	57.4	15.6%	20.5%	20.5%	—
PLTR	$425.03B	282.1	56.2%	36.3%	26.2%	82.4%
CRM	$197.22B	27.2	9.6%	18.0%	12.4%	77.7%
APP	$227.96B	69.1	70.0%	60.8%	201.9%	—
ADBE	$132.21B	19.2	10.5%	30.0%	61.8%	89.3%
CDNS	$84.96B	77.0	14.1%	20.9%	21.2%	—
DDOG	$47.94B	438.7	27.7%	3.1%	3.1%	80.0%
SNPS	$84.41B	56.4	15.1%	18.9%	7.1%	77.0%
ADSK	$53.90B	48.6	17.5%	15.6%	39.0%	91.0%
WDAY	$45.51B	67.8	13.1%	7.3%	8.2%	—
ROP	$47.45B	31.3	12.3%	19.4%	7.8%	69.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$18.83B	$16.29B	$14.37B	$12.73B	$9.63B	$7.68B	$6.78B	$6.03B	$5.20B	$4.69B	$4.19B	$4.24B
R&D Expense	$2.93B	$2.75B	$2.54B	$2.35B	$1.68B	$1.39B	$1.23B	$1.19B	$998M	$881M	$798M	$714M
SG&A Expense	$1.60B	$1.42B	$1.30B	$1.46B	$982M	$679M	$597M	$664M	$553M	$518M	$483M	$444M
Operating Expenses	$13.91B	$12.65B	$11.23B	$10.15B	$7.13B	$5.50B	$4.93B	·	·	·	·	·
Operating Income	$4.92B	$3.63B	$3.14B	$2.57B	$2.50B	$2.18B	$1.85B	$1.56B	$1.42B	$1.24B	$738M	$1.30B
Other Non-op	$158M	$162M	$96M	$52M	$85M	$36M	$42M	$26M	$3M	$-4M	$1M	$31M
Pretax Income	$4.83B	$3.55B	$2.99B	$2.54B	$2.56B	$2.20B	$1.88B	$1.57B	$1.39B	$1.20B	$712M	$1.30B
Income Tax	$965M	$587M	$605M	$476M	$494M	$372M	$324M	$237M	$405M	$397M	$299M	$447M
Net Income	$3.87B	$2.96B	$2.38B	$2.07B	$2.06B	$1.83B	$1.56B	$1.33B	$985M	$979M	$365M	$907M
EPS (Basic)	$13.82	$10.58	$8.49	$7.38	$7.65	$6.99	$5.99	$5.18	$3.83	$3.73	$1.30	$3.18
EPS (Diluted)	$13.67	$10.43	$8.42	$7.28	$7.56	$6.92	$5.89	$5.09	$3.78	$3.69	$1.28	$3.12
Shares (Basic)	280,000,000	280,000,000	281,000,000	280,000,000	270,000,000	261,000,000	260,000,000	256,000,000	257,000,000	262,000,000	281,000,000	285,000,000
Shares (Diluted)	283,000,000	284,000,000	283,000,000	284,000,000	273,000,000	264,000,000	264,000,000	261,000,000	261,000,000	265,000,000	286,000,000	291,000,000
EBITDA	$4.92B	$3.63B	$3.14B	$2.57B	$2.50B	$2.18B	$1.85B	$1.50B	$1.40B	$1.24B	$738M	$1.31B

Balance Sheet 27

Annual Balance Sheet data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$2.88B	$3.61B	$2.85B	$2.80B	$2.56B	$6.44B	$2.12B	$1.46B	$529M	$638M	$808M	$849M
Receivables	$530M	$457M	$405M	$446M	$391M	$149M	$87M	$98M	$103M	$108M	$91M	$115M
Prepaid Expense	$496M	$366M	$354M	$287M	$184M	$314M	$266M	$202M	$100M	$102M	$94M	$115M
Current Assets	$14.11B	$9.68B	$5.56B	$5.05B	$5.16B	$7.98B	$3.59B	$2.42B	$1.42B	$1.61B	$2.56B	$2.62B
PP&E (Net)	$961M	$1.01B	$969M	$888M	$780M	$734M	$780M	$812M	$1.03B	$1.03B	$682M	$589M
PP&E (Gross)	$2.36B	$2.37B	$2.44B	$2.33B	$2.12B	$2.03B	$2.16B	$2.19B	$2.42B	$2.24B	$1.74B	$1.57B
Accum. Depreciation	$1.40B	$1.36B	$1.47B	$1.44B	$1.34B	$1.29B	$1.38B	$1.38B	$1.39B	$1.21B	$1.06B	$982M
Goodwill	$13.98B	$13.84B	$13.78B	$13.74B	$5.61B	$1.65B	$1.66B	$1.61B	$1.29B	$1.28B	$1.27B	$1.32B
Intangibles	$5.30B	$5.82B	$6.42B	$7.06B	$3.25B	$28M	$54M	$61M	$22M	$44M	$87M	$133M
Other Non-current Assets	$751M	$541M	$417M	$344M	$283M	$225M	$186M	$215M	$143M	$112M	$106M	$108M
Total Assets	$36.96B	$32.13B	$27.78B	$27.73B	$15.52B	$10.93B	$6.28B	$5.13B	$4.07B	$4.25B	$4.97B	$5.20B
Accounts Payable	$792M	$721M	$638M	$737M	$623M	$305M	$274M	$178M	$157M	$184M	$190M	$145M
Short-term Debt	·	·	·	·	·	·	·	·	·	·	$0	·
Current Liabilities	$10.37B	$7.49B	$3.79B	$3.63B	$2.65B	$3.53B	$1.97B	$1.74B	$1.94B	$2.25B	$1.74B	$1.42B
Capital Leases	$597M	$458M	$480M	$542M	$380M	$221M	·	·	·	·	·	·
Deferred Tax	$20M	$3M	$4M	$619M	$525M	$2M	$37M	$68M	·	$7M	$50M	$61M
Other Non-current Liabilities	$308M	$208M	$121M	$87M	$53M	$42M	$145M	$119M	$130M	$146M	$172M	$166M
Total Liabilities	$17.25B	$13.70B	$10.51B	$11.29B	$5.65B	$5.83B	$2.53B	$2.32B	$2.71B	$3.09B	$2.64B	$2.12B
Long-term Debt	$5.97B	$6.04B	$6.12B	$6.91B	$2.03B	$2.03B	$386M	$388M	$438M	$488M	$500M	$499M
Total Debt	$5.97B	$6.04B	$6.12B	$6.91B	$2.03B	$2.03B	·	·	·	·	·	·
Common Stock	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M
Retained Earnings	$19.67B	$16.99B	$15.07B	$13.58B	$12.30B	$10.88B	$9.62B	$8.56B	$7.30B	$6.69B	$6.03B	$5.95B
Treasury Stock	$21.54B	$18.75B	$16.77B	$14.80B	$12.95B	$11.93B	$11.61B	$11.05B	$10.78B	$9.94B	$7.67B	$6.43B
AOCI	$-50M	$-54M	$-55M	$-60M	$-24M	$-32M	$-36M	$-36M	$-22M	$-32M	$-30M	$-2M
Stockholders' Equity	$19.71B	$18.44B	$17.27B	$16.44B	$9.87B	$5.11B	$3.75B	$2.82B	$1.70B	$1.49B	$2.33B	$3.08B
Liabilities + Equity	$36.96B	$32.13B	$27.78B	$27.73B	$15.52B	$10.93B	$6.28B	$5.13B	$4.07B	$4.25B	$4.97B	$5.20B
Shares Outstanding	279,129,000	280,268,000	280,421,000	281,932,000	273,235,000	261,740,000	260,180,000	258,616,000	255,668,000	257,853,000	277,706,000	284,950,000

Cash Flow 15

Annual Cash Flow data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Stock-based Comp	$1.97B	$1.94B	$1.71B	$1.31B	$753M	$435M	$401M	$382M	$326M	$281M	$257M	$204M
Deferred Tax	$-435M	$-554M	$-628M	$120M	$-42M	$-179M	$-7M	$-5M	$17M	$70M	$-100M	$93M
Amort. of Intangibles	$481M	$483M	$483M	$416M	$146M	$6M	$6M	$6M	$2M	$12M	$12M	$7M
Restructuring	$15M	$223M	$0	$0	·	·	·	·	·	·	·	·
Operating Cash Flow	$6.21B	$4.88B	$5.05B	$3.89B	$3.25B	$2.41B	$2.32B	$2.11B	$1.60B	$1.46B	$1.59B	$1.45B
CapEx	$84M	$191M	$210M	$157M	$53M	$59M	$76M	$38M	$102M	$416M	$142M	$104M
Investing Cash Flow	$-2.32B	$-227M	$-922M	$-5.42B	$-3.96B	$-97M	$-635M	$-532M	$-17M	$371M	$-182M	$-49M
Debt Issued	·	·	·	·	·	·	$48M	$0	$0	$500M	$0	$0
Net Debt Issued	$-500M	$-4.20B	$-1.01B	$0	$-338M	$-50M	$-2M	$-50M	$-512M	$500M	·	$0
Stock Repurchased	$2.77B	$1.99B	$1.97B	$1.86B	$1.00B	$323M	$556M	$272M	$839M	$2.26B	$1.25B	$1.58B
Net Stock Activity	$-2.77B	$-1.99B	$-1.97B	$-1.86B	$-1.00B	$-323M	$-556M	$-272M	$-839M	$-2.26B	$-1.25B	$-1.58B
Dividends Paid	$1.19B	$1.03B	$889M	$774M	$646M	$561M	$501M	$407M	$353M	$318M	$283M	$220M
Financing Cash Flow	$-1.51B	$-397M	$-4.27B	$1.73B	$-3.18B	$2.03B	$-965M	$-639M	$-1.63B	$-2.00B	$-1.42B	$-1.55B
Net Change in Cash	$2.38B	$4.25B	$-145M	$178M	$-3.88B	$4.34B	$721M	$930M	$-41M	$-170M	$-41M	$-160M
Free Cash Flow	$6.12B	$4.69B	$4.84B	$3.73B	$3.20B	$2.35B	$2.25B	$2.07B	$1.50B	$985M	$1.36B	$1.34B

Profitability 7

Annual Profitability data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	26.1%	22.3%	21.9%	20.2%	25.9%	28.3%	27.3%	25.1%	27.0%	26.5%	17.6%	29.2%
Net Margin	20.5%	18.2%	16.6%	16.2%	21.4%	23.8%	22.9%	20.3%	18.8%	20.9%	8.7%	20.1%
Pretax Margin	25.7%	21.8%	20.8%	20.0%	26.5%	28.6%	27.7%	25.2%	26.4%	25.6%	17.0%	29.2%
EBITDA Margin	26.1%	22.3%	21.9%	20.2%	25.9%	28.3%	27.3%	25.1%	27.0%	26.5%	17.6%	29.2%
ROA	11.2%	9.9%	8.6%	9.6%	15.6%	21.2%	27.3%	26.2%	23.4%	21.2%	7.2%	17.0%
ROE	20.5%	15.9%	13.7%	12.4%	20.8%	37.1%	39.8%	46.0%	63.6%	81.3%	15.7%	28.7%
ROIC	15.3%	12.4%	10.7%	8.9%	16.9%	25.3%	40.9%	51.2%	73.2%	71.7%	18.4%	28.0%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.4	1.3	1.5	1.4	1.9	2.3	1.8	1.1	0.7	0.7	1.5	1.8
Quick Ratio	0.3	0.5	0.9	0.9	1.1	1.9	1.1	0.7	0.3	0.3	0.5	0.7
Debt / Equity	0.3	0.3	0.4	0.4	0.2	0.4	·	·	·	·	·	·
LT Debt / Equity	0.3	0.3	0.4	0.4	0.2	0.4	·	·	·	·	·	·

Efficiency 2

Annual Efficiency data for INTU
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.5	0.5	0.5	0.6	0.7	0.9	1.2	1.3	1.2	1.0	0.8	0.8
Receivables Turnover		38.2	37.8	33.8	30.4	35.7	65.1	73.3	59.3	49.1	47.2	40.7	34.1

Per Share 7

Annual Per Share data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$70.61	$65.78	$61.58	$58.32	$36.12	$19.51	$14.41	$9.10	$5.30	$4.50	$8.40	$10.80
Revenue / Share	$66.54	$57.34	$50.77	$44.81	$35.29	$29.09	$25.70	$22.85	$19.84	$17.71	$14.66	$15.48
Cash Flow / Share	$21.93	$17.20	$17.83	$13.69	$11.90	$9.14	$8.80	$8.09	$6.13	$5.29	$5.26	$4.97
Cash / Share	$10.33	$12.88	$10.16	$9.92	$9.38	$24.61	$8.13	$5.66	$2.07	$2.47	$2.91	$2.98
Dividend / Share	$4	$4	$3	$3	$2	$2	$2	$2	$1	$1	$1	$1
Dividend Paid / Share	$4	$4	$3	$3	$2	$2	$2	$2	$1	$1	$1	$1
EPS (TTM)	$13.67	$10.43	$8.42	$7.28	$7.56	$6.92	$5.89	$5.09	$3.78	$3.69	$1.28	$3.12

Growth Rates 10

Annual Growth Rates data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	15.6%	13.3%	12.9%	32.1%	25.4%	·	·	·	·	·	·	·
Revenue CAGR 3Y	14.0%	19.1%	23.2%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	19.7%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	31.1%	23.9%	15.7%	-3.7%	9.2%	·	·	·	·	·	·	·
EPS CAGR 3Y	23.4%	11.3%	6.8%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	14.6%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	30.6%	24.3%	15.4%	0.19%	12.9%	·	·	·	·	·	·	·
Net Income CAGR 3Y	23.3%	12.8%	9.3%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	16.2%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	16.2%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for INTU
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$18.83B	$16.29B	$14.37B	$12.73B	$9.63B	$7.68B	$6.78B	$6.03B	$5.20B	$4.69B	$4.19B	$4.24B
Net Income TTM	$3.87B	$2.96B	$2.38B	$2.07B	$2.06B	$1.83B	$1.56B	$1.33B	$985M	$979M	$365M	$907M
Market Cap	$219.15B	$181.43B	$143.49B	$128.61B	$144.81B	$80.19B	$72.15B	$52.82B	$35.08B	$28.62B	$29.37B	$23.36B
Enterprise Value	$222.24B	$183.86B	$146.76B	$132.73B	$144.28B	$75.78B	·	·	·	·	·	·
P/E	57.4	62.1	60.8	62.7	70.1	44.3	47.1	40.1	36.3	30.1	82.6	26.3
P/S	11.6	11.1	10.0	10.1	15.0	10.4	10.6	8.8	6.8	6.1	7.0	5.5
P/B	11.1	9.8	8.3	7.8	14.7	15.7	19.2	22.4	25.9	24.7	12.6	7.6
P / Tangible Book	512.0	·	·	·	144.2	23.4	·	·	·	·	·	·
P / Cash Flow	35.3	37.1	28.4	33.1	44.6	33.2	31.0	25.0	21.9	20.4	19.5	16.2
P / FCF	35.8	38.7	29.7	34.5	45.3	34.1	32.1	25.5	23.4	29.1	21.6	17.4
EV / EBITDA	45.1	50.7	46.7	51.6	57.7	34.8	·	·	·	·	·	·
EV / FCF	36.3	39.2	30.3	35.6	45.1	32.2	·	·	·	·	·	·
EV / Revenue	11.8	11.3	10.2	10.4	15.0	9.9	·	·	·	·	·	·
Dividend Yield	0.54%	0.57%	0.62%	0.60%	0.45%	0.70%	0.69%	0.77%	1.0%	1.1%	0.96%	0.94%
Earnings Yield	1.7%	1.6%	1.7%	1.6%	1.4%	2.3%	2.1%	2.5%	2.8%	3.3%	1.2%	3.8%
Payout Ratio	30.7%	34.9%	37.3%	37.5%	31.3%	30.7%	32.2%	33.6%	36.4%	32.5%	77.5%	24.3%
Annual Payout	$1.19B	$1.03B	$889M	$774M	$646M	$561M	$501M	$407M	$353M	$318M	$283M	$220M

Income Statement 14

Quarterly Income Statement data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue	$8.56B	$4.65B	$3.88B	$3.83B	$7.75B	$3.96B	$3.28B	$3.18B	$6.74B	$3.39B	$2.98B	$2.71B	$6.02B	$3.04B	$2.60B	$2.41B
R&D Expense	$840M	$836M	$843M	$801M	$707M	$716M	$704M	$725M	$671M	$678M	$680M	$680M	$604M	$630M	$625M	$627M
SG&A Expense	$409M	$401M	$422M	$424M	$394M	$389M	$394M	$377M	$355M	$344M	$342M	$341M	$332M	$323M	$304M	$334M
Operating Expenses	$4.54B	$3.80B	$3.35B	$3.49B	$4.03B	$3.37B	$3.01B	$3.33B	$3.63B	$3.02B	$2.67B	$2.69B	$3.24B	$2.77B	$2.52B	$2.49B
Operating Income	$4.02B	$855M	$534M	$339M	$3.72B	$593M	$271M	$-151M	$3.10B	$369M	$307M	$17M	$2.78B	$270M	$76M	$-75M
Other Non-op	$97M	$72M	$85M	$86M	$32M	$38M	$2M	$71M	$27M	$42M	$22M	$46M	$22M	$23M	$5M	$8M
Pretax Income	$4.05B	$869M	$561M	$366M	$3.68B	$571M	$213M	$-140M	$3.07B	$354M	$264M	$-5M	$2.73B	$228M	$32M	$-99M
Income Tax	$983M	$176M	$115M	$-15M	$864M	$100M	$16M	$-120M	$683M	$1M	$23M	$-94M	$647M	$60M	$-8M	$-43M
Net Income	$3.06B	$693M	$446M	$381M	$2.82B	$471M	$197M	$-20M	$2.39B	$353M	$241M	$89M	$2.09B	$168M	$40M	$-56M
EPS (Basic)	$11.10	$2.49	$1.60	$1.35	$10.09	$1.68	$0.70	$-0.07	$8.53	$1.26	$0.86	$0.31	$7.44	$0.60	$0.14	$-0.16
EPS (Diluted)	$11.09	$2.48	$1.59	$1.28	$10.02	$1.67	$0.70	$-0.09	$8.42	$1.25	$0.85	$0.30	$7.38	$0.60	$0.14	$-0.17
Shares (Basic)	276,000,000	278,000,000	279,000,000	-560,000,000	280,000,000	280,000,000	280,000,000	-560,000,000	280,000,000	280,000,000	280,000,000	-562,000,000	281,000,000	281,000,000	281,000,000	-558,000,000
Shares (Diluted)	276,000,000	280,000,000	281,000,000	-565,000,000	282,000,000	283,000,000	283,000,000	-567,000,000	284,000,000	284,000,000	283,000,000	-566,000,000	283,000,000	282,000,000	284,000,000	-566,000,000
EBITDA	$4.02B	$855M	$534M	·	$3.72B	$593M	$271M	·	$3.10B	$369M	$307M	·	$2.78B	$270M	$76M	·

Balance Sheet 26

Quarterly Balance Sheet data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Cash & Equivalents	$4.68B	$2.94B	$3.51B	$2.88B	$5.44B	$2.44B	$2.87B	$3.61B	$4.21B	$1.47B	$1.73B	$2.85B	$3.75B	$1.55B	$2.12B	$2.80B
Receivables	·	·	·	$530M	·	·	·	$457M	·	·	·	·	·	·	$384M	·
Prepaid Expense	$680M	$1.24B	$630M	$496M	$512M	$845M	$407M	$366M	$337M	$345M	$388M	·	$574M	$391M	$324M	·
Current Assets	$17.84B	$11.70B	$10.42B	$14.11B	$13.96B	$9.13B	$10.73B	$9.68B	$9.24B	$7.30B	$6.23B	·	$6.65B	$4.76B	$4.55B	·
PP&E (Net)	$996M	$974M	$965M	$961M	$975M	$992M	$1.01B	$1.01B	$1.03B	$1.05B	$1.01B	·	$938M	$931M	$926M	·
PP&E (Gross)	·	·	·	$2.36B	·	·	·	$2.37B	·	·	·	·	·	·	·	·
Accum. Depreciation	·	·	·	$1.40B	·	·	·	$1.36B	·	·	·	·	·	·	·	·
Goodwill	$13.98B	$13.98B	$13.98B	$13.98B	$13.85B	$13.84B	$13.84B	$13.84B	$13.78B	$13.78B	$13.78B	$13.78B	$13.78B	$13.78B	$13.73B	$13.74B
Intangibles	$4.81B	$4.97B	$5.14B	$5.30B	$5.40B	$5.50B	$5.66B	$5.82B	$5.95B	$6.10B	$6.26B	·	$6.58B	$6.74B	$6.90B	·
Other Non-current Assets	$818M	$825M	$828M	$751M	$699M	$669M	$527M	$541M	$495M	$501M	$429M	·	$376M	$371M	$331M	·
Total Assets	$39.33B	$34.28B	$33.19B	$36.96B	$36.59B	$31.68B	$33.19B	$32.13B	$31.56B	$29.69B	$28.49B	·	$28.92B	$27.20B	$27.09B	·
Accounts Payable	$1.10B	$946M	$670M	$792M	$1.00B	$1.04B	$652M	$721M	$886M	$789M	$630M	·	$921M	$811M	$670M	·
Current Liabilities	$12.28B	$8.84B	$7.52B	$10.37B	$9.65B	$7.18B	$8.62B	$7.49B	$6.16B	$6.22B	$5.00B	·	$4.42B	$3.86B	$3.33B	·
Capital Leases	$655M	$646M	$643M	$597M	$614M	$573M	$592M	$458M	$468M	$473M	$474M	·	$499M	$514M	$530M	·
Deferred Tax	$76M	·	·	$20M	$11M	$10M	$11M	$3M	$3M	$3M	$3M	·	$190M	$320M	$588M	·
Other Non-current Liabilities	$358M	$326M	$316M	$308M	$294M	$221M	$221M	$208M	$217M	$138M	$144M	·	$116M	$88M	$89M	·
Total Liabilities	$18.70B	$15.23B	$13.87B	$17.25B	$16.47B	$13.73B	$15.06B	$13.70B	$12.80B	$12.78B	$11.50B	·	$11.33B	$11.36B	$11.02B	·
Long-term Debt	$6.16B	$6.16B	$6.14B	$5.97B	$6.41B	$6.26B	$6.12B	$6.04B	$5.95B	$5.95B	$5.88B	·	$6.61B	$7.08B	$6.99B	·
Total Debt	$6.16B	$6.16B	$6.14B	·	$6.41B	$6.26B	$6.12B	·	$5.95B	$5.95B	$5.88B	·	$6.61B	$7.08B	$6.99B	·
Common Stock	·	·	·	$3M	·	·	·	$3M	·	·	·	·	·	·	·	·
Retained Earnings	$22.85B	$20.12B	$19.77B	$19.67B	$19.59B	$17.06B	$16.89B	$16.99B	$17.27B	$15.14B	$15.05B	·	$15.20B	$13.34B	$13.40B	·
Treasury Stock	$24.92B	$23.36B	$22.39B	$21.54B	$20.80B	$20.04B	$19.32B	$18.75B	$18.50B	$17.91B	$17.38B	·	$16.31B	$15.82B	$15.32B	·
AOCI	$-54M	$-49M	$-51M	$-50M	$-46M	$-64M	$-54M	$-54M	$-58M	$-60M	$-78M	·	$-61M	$-63M	$-87M	·
Stockholders' Equity	$20.63B	$19.05B	$19.32B	$19.71B	$20.12B	$17.95B	$18.14B	$18.44B	$18.76B	$16.91B	$16.99B	$17.27B	$17.59B	$15.84B	$16.07B	$16.44B
Liabilities + Equity	$39.33B	$34.28B	$33.19B	$36.96B	$36.59B	$31.68B	$33.19B	$32.13B	$31.56B	$29.69B	$28.49B	·	$28.92B	$27.20B	$27.09B	·
Shares Outstanding	274,268,000	277,492,000	278,509,000	279,129,000	279,074,000	279,740,000	280,121,000	280,268,000	279,705,000	280,025,000	280,105,000	280,421,000	280,267,000	280,668,000	281,328,000	281,932,000

Cash Flow 14

Quarterly Cash Flow data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Stock-based Comp	$485M	$521M	$543M	$490M	$469M	$498M	$511M	$519M	$451M	$475M	$495M	$448M	$419M	$423M	$422M	$346M
Deferred Tax	$1.01B	$79M	$58M	$-157M	$-51M	$-136M	$-91M	$-193M	$-51M	$-184M	$-126M	$-239M	$-99M	$-262M	$-28M	$14M
Amort. of Intangibles	$122M	$121M	$121M	$121M	$120M	$120M	$120M	$123M	$120M	$120M	$120M	$121M	$120M	$121M	$121M	$121M
Restructuring	$0	$0	$0	$1M	$1M	$4M	$9M	$223M	$0	$0	$0	·	·	·	·	·
Operating Cash Flow	$5.30B	$1.57B	$637M	$381M	$4.39B	$1.07B	$362M	$417M	$3.95B	$613M	$-97M	$842M	$3.59B	$284M	$328M	$339M
CapEx	$64M	$46M	$38M	$-15M	$35M	$31M	$33M	$-17M	$61M	$63M	$84M	$-10M	$88M	$55M	$77M	$-11M
Investing Cash Flow	$-1.60B	$-700M	$1.20B	$-1.23B	$-416M	$-489M	$-188M	$-252M	$-219M	$34M	$210M	$-373M	$155M	$-448M	$-256M	$-311M
Net Debt Issued	·	·	·	·	·	·	$0	·	·	·	$-4.20B	·	·	·	·	·
Stock Repurchased	$1.55B	$933M	$854M	$746M	$752M	$717M	$557M	$281M	$572M	$551M	$584M	$472M	$478M	$507M	$510M	$524M
Net Stock Activity	·	·	$-854M	·	·	·	$-557M	·	·	·	$-584M	·	·	·	$-510M	·
Dividends Paid	$333M	$341M	$341M	$301M	$292M	$300M	$296M	$261M	$257M	$256M	$260M	$222M	$221M	$224M	$222M	$194M
Financing Cash Flow	$1.43B	$-1.04B	$-4.37B	$142M	$847M	$-3.26B	$761M	$454M	$-1.68B	$-16M	$849M	$-1.36B	$-1.55B	$-442M	$-913M	$-897M
Net Change in Cash	$5.13B	$-160M	$-2.54B	$-703M	$4.84B	$-2.69B	$935M	$618M	$2.04B	$644M	$945M	$-898M	$2.20B	$-591M	$-857M	$-873M
Free Cash Flow	·	·	$599M	·	·	·	$329M	·	·	·	$-181M	·	·	·	$251M	·

Profitability 7

Quarterly Profitability data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Operating Margin	47.0%	18.4%	13.8%	·	48.0%	15.0%	8.2%	·	46.1%	10.9%	10.3%	·	46.2%	8.9%	2.9%	·
Net Margin	35.8%	14.9%	11.5%	·	36.4%	11.9%	6.0%	·	35.5%	10.4%	8.1%	·	34.7%	5.5%	1.5%	·
Pretax Margin	47.3%	18.7%	14.4%	·	47.5%	14.4%	6.5%	·	45.6%	10.4%	8.9%	·	45.4%	7.5%	1.2%	·
EBITDA Margin	47.0%	18.4%	13.8%	·	48.0%	15.0%	8.2%	·	46.1%	10.9%	10.3%	·	46.2%	8.9%	2.9%	·
ROA	8.1%	2.1%	1.3%	·	8.3%	1.5%	0.64%	·	7.9%	1.2%	0.87%	·	7.3%	0.63%	0.19%	·
ROE	15.0%	3.8%	2.4%	·	14.5%	2.7%	1.1%	·	13.1%	2.2%	1.5%	·	12.1%	1.1%	0.31%	·
ROIC	11.4%	2.7%	1.7%	·	10.7%	2.0%	1.0%	·	9.8%	1.6%	1.2%	·	8.8%	0.87%	0.41%	·

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Current Ratio	1.5	1.3	1.4	·	1.4	1.3	1.2	·	1.5	1.2	1.2	·	1.5	1.2	1.4	·
Quick Ratio	0.4	0.3	0.5	·	0.6	0.3	0.3	·	0.7	0.2	0.3	·	0.8	0.4	0.8	·
Debt / Equity	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.4	0.3	·	0.4	0.4	0.4	·
LT Debt / Equity	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.3	0.4	0.3	·	0.3	0.4	0.4	·

Efficiency 2

Quarterly Efficiency data for INTU
Metric	Trend	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Asset Turnover		0.2	0.1	0.1	·	0.2	0.1	0.1	·	0.2	0.1	0.1	·	0.2	0.1	0.1	·
Receivables Turnover		·	·	·	·	·	·	·	·	·	·	·	·	·	·	6.5	·

Per Share 7

Quarterly Per Share data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Book Value / Share	$75.21	$68.67	$69.38	·	$72.11	$64.16	$64.74	·	$67.06	$60.38	$60.66	·	$62.77	$56.44	$57.11	·
Revenue / Share	$31.01	$16.61	$13.83	·	$27.50	$14.00	$11.60	·	$23.72	$11.92	$10.52	·	$21.27	$10.78	$9.14	·
Cash Flow / Share	·	·	$2.27	·	·	·	$1.28	·	·	·	$-0.34	·	·	·	$1.15	·
Cash / Share	$17.07	$10.60	$12.59	·	$19.50	$8.70	$10.25	·	$15.07	$5.26	$6.19	·	$13.36	$5.51	$7.55	·
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
Dividend Paid / Share	$1	$1	$1	$1	$1	$1	$1	·	$1	$1	$1	·	$1	$1	$1	·
EPS (TTM)	$25.18	$15.76	$13.98	·	$20.81	$12.04	$11.22	·	$17.90	$10.08	$8.97	·	$14.40	$7.37	$7.59	·

Valuation (TTM) 15

Quarterly Valuation (TTM) data for INTU
Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Revenue TTM	$24.85B	$20.25B	$18.89B	·	$21.74B	$17.37B	$16.38B	·	$19.12B	$15.42B	$14.63B	·	$17.29B	$13.94B	$12.91B	·
Net Income TTM	$7.02B	$4.43B	$3.93B	·	$5.88B	$3.41B	$3.18B	·	$5.07B	$2.85B	$2.54B	·	$4.09B	$2.10B	$2.16B	·
Market Cap	$106.55B	$140.05B	$185.92B	·	$175.11B	$168.27B	$170.96B	·	$174.99B	$176.79B	$138.64B	·	$124.42B	$118.63B	$120.27B	·
Enterprise Value	$108.03B	$143.27B	$188.55B	·	$176.07B	$172.09B	$174.21B	·	$176.73B	$181.26B	$142.78B	·	$127.29B	$124.16B	$125.13B	·
P/E	15.4	32.0	47.8	·	30.2	50.0	54.4	·	35.0	62.6	55.2	·	30.8	57.4	56.3	·
P/S	4.3	6.9	9.8	·	8.1	9.7	10.4	·	9.2	11.5	9.5	·	7.2	8.5	9.3	·
P/B	5.2	7.3	9.6	·	8.7	9.4	9.4	·	9.3	10.5	8.2	·	7.1	7.5	7.5	·
P / Tangible Book	57.9	1386.6	902.5	·	198.8	·	·	·	·	·	·	·	·	·	·	·
P / Cash Flow	·	·	291.9	·	·	·	472.3	·	·	·	-1429.3	·	·	·	366.7	·
P / FCF	·	·	310.4	·	·	·	519.6	·	·	·	-766.0	·	·	·	479.2	·
EV / EBITDA	26.9	167.6	353.1	·	47.3	290.2	642.8	·	56.9	491.2	465.1	·	45.8	459.9	1646.4	·
EV / FCF	·	·	314.8	·	·	·	529.5	·	·	·	-788.9	·	·	·	498.5	·
EV / Revenue	4.3	7.1	10.0	·	8.1	9.9	10.6	·	9.2	11.8	9.8	·	7.4	8.9	9.7	·
Earnings Yield	6.5%	3.1%	2.1%	·	3.3%	2.0%	1.8%	·	2.9%	1.6%	1.8%	·	3.2%	1.7%	1.8%	·
Payout Ratio	·	·	76.5%	·	·	·	150.2%	·	·	·	107.9%	·	·	·	555.0%	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-07-31	2024-07-31	2023-07-31	2022-07-31	2021-07-31
Revenue	$18.83B	$16.29B	$14.37B	$12.73B	$9.63B
Operating Margin %	26.1%	22.3%	21.9%	20.2%	25.9%
Net Income	$3.87B	$2.96B	$2.38B	$2.07B	$2.06B
Diluted EPS	$13.67	$10.43	$8.42	$7.28	$7.56

Balance Sheet

	2025-07-31	2024-07-31	2023-07-31	2022-07-31	2021-07-31
Debt / Equity	0.3	0.3	0.4	0.4	0.2
Current Ratio	1.4	1.3	1.5	1.4	1.9
Quick Ratio	0.3	0.5	0.9	0.9	1.1

Cash Flow

	2025-07-31	2024-07-31	2023-07-31	2022-07-31	2021-07-31
Free Cash Flow	$6.12B	$4.69B	$4.84B	$3.73B	$3.20B

INTU AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.75

↑ Bullish

I see the strongest bull case for Intuit as its unbreakable moat in SMB tax and accounting software fueling steady profit growth into 2026Q2. Gross margin stays rock-solid at 79.89%, showing their subscription model scales with minimal added costs as user bases grow. Net margin climbed to 21.19%, which translates to more cash per customer amid pricing discipline. ROE hit 21.36%, proving they generate strong returns without heavy leverage at just 31.78 debt-to-equity. Morgan Stanley's March 25 top pick reinforces Wall Street's faith in this durability.

↓ Bearish

My biggest bear worry is Intuit's premium valuation cracking under slowing growth or AI competition by 2026Q2. P/E sits at 44.76, meaning the market demands perfect execution with no hiccups in subscriber adds. Shares dropped 4% last week to close at 747.9 after peaking near 790, signaling momentum loss on heavy volume. Market cap fell to 184 billion versus 196 billion prior quarter, highlighting vulnerability if EPS growth stalls versus peers like CRM's cheaper 22 P/E.

Claude NEUTRAL 0.68

↑ Bullish

Intuit is printing cash from a moat that's getting wider, not narrower. The company is turning 21.4% of revenue into profit — that's exceptional for software at scale — and ROE of 21.4% tells you shareholder capital is working hard. What matters: the stock has compressed from a 56.5x P/E in Q3 down to 44.8x today, yet earnings per share climbed from $12.29 to $14.60. That means the market is paying less for better fundamentals. Morgan Stanley's March upgrade to Top Pick and the earnings beat signal the Street is repricing risk lower. If tax and small-business software demand holds, this valuation is fair for a 20%+ ROE compounder.

↓ Bearish

Intuit is still priced for perfection in a slowing software cycle, and the margin for error is razor-thin. At 44.8x trailing earnings, the stock leaves almost no room for a miss — any stumble in subscription growth or gross margin compression would crater the multiple. The debt-to-equity ratio of 31.78 is elevated for a software company, which means leverage is amplifying both upside and downside. Most concerning: the market cap fell 6% quarter-over-quarter despite earnings growth, signaling that even bulls are losing conviction. If small-business spending weakens or AI-driven automation threatens the core tax and accounting workflows, this multiple has nowhere to hide.

Gemini NEUTRAL 0.75

↑ Bullish

Intuit remains a dominant financial engine that consistently extracts high value from its massive user base. The company maintains a gross margin of 79.89%, which illustrates that for every dollar of revenue, nearly 80 cents remains after direct costs, highlighting the immense pricing power of its tax and accounting software ecosystem. Furthermore, the 21.36% return on equity shows that management is effectively deploying capital to generate significant shareholder value. With Morgan Stanley recently naming it a top pick, the institutional confidence in their ability to sustain this high-margin growth through 2026 remains a powerful tailwind for the stock.

↓ Bearish

The valuation is becoming increasingly difficult to justify given the slowing momentum in market cap expansion. Trading at a trailing P/E of 44.76, the market is pricing in aggressive future growth that may not materialize if consumer spending on professional tax services cools off. This multiple is significantly higher than peers like Adobe, which trades at 20.55 times earnings, suggesting that Intuit carries a significant premium that leaves little room for operational error. If the company fails to maintain its current pace of EPS growth, this high valuation could lead to a sharp contraction in share price.

Chatgpt NEUTRAL 0.65

↑ Bullish

Intuit's profitability and pricing power make the setup compelling. ROE TTM 21.36% — That signals efficient use of shareholder equity and a strong return profile. EPS TTM 14.60 — This provides a solid earnings base to support multiple expansion if growth remains steady. Gross margin TTM 79.89% — Indicates a scalable, high-margin software/services mix and sticky revenue.

↓ Bearish

Valuation and growth risk could cap upside. P/E TTM 44.76 — The stock trades at a premium vs many peers, meaning a stall in earnings could pressure the multiple. P/S TTM 9.49 — A high revenue multiple signals investors are paying for growth that may not accelerate. Market cap 184,334 — Down vs prior quarter signals some pullback in investor enthusiasm and momentum.

Round 2 — Responses & Rebuttals

Grok

Claude, your bearish call on debt-to-equity at 31.78 being elevated for software misses the mark — that's low leverage, just 32 cents of debt per equity dollar, which safely boosts the 21.36% ROE without added risk. It positions Intuit to weather any 2026Q2 slowdown in SMB spending far better than truly levered peers, turning a supposed flaw into a key defensive moat.

Claude

I need to push back on Grok here — the debt-to-equity ratio of 31.78 is not elevated for Intuit, and I think that framing is misleading. A 31.78 D/E means Intuit has $31.78 of debt for every dollar of equity, which sounds alarming until you remember Intuit generates $14.60 in annual EPS on a stock trading at $748 — that's a 1.95% earnings yield. At that yield, the company can service debt cheaply and still deploy capital to buybacks and R&D. The real risk isn't the leverage itself; it's whether subscription churn accelerates if AI commoditizes tax prep. That's the bear case I'd focus on, not the debt ratio.

Gemini

Claude, your focus on the debt-to-equity ratio of 31.78 misses the reality of Intuit’s cash-generative model. While you argue this leverage is an elevated risk, a current ratio of 1.39 shows the company has nearly 1.40 dollars in liquid assets for every dollar of short-term liabilities. This level of liquidity provides a massive buffer that makes their debt load far less threatening than you suggest. Intuit is not struggling to cover its obligations; it is using its balance sheet to fund the very ecosystem dominance that keeps those high margins intact.

Chatgpt

Claude, I think your point about leverage misses the cushion a cash-generative business can deploy to weather slower demand, especially when margins stay healthy. Debt/Equity = 31.78. That level can magnify outcomes, but Intuit's robust margins and stable cash flow can cushion the downside. If growth slows or AI pressures margins, the leverage could hurt; otherwise, the balance sheet supports ongoing buybacks and investment.

Round 3 — Final Rebuttals

G

Grok

Claude, you got the debt-to-equity math backwards in your pushback — a 31.78 D/E means just $0.32 of debt per dollar of equity, supporting that 21.36% ROE without meaningful risk. That's prudent leverage for a cash cow like Intuit, not alarming exposure. With a current ratio of 1.39, they hold ample liquidity to cover short-term obligations twice over if SMB spending softens into 2026Q2. This balance sheet strength lets them invest in AI defenses rather than deleveraging.

C

Claude

I want to push back on something nobody's challenged yet: Gemini and Grok both treat Intuit's 79.89% gross margin as proof of moat durability, but they're not asking whether that margin is actually under threat from AI. Tax software commoditization is real — TurboTax's core product is increasingly vulnerable to free AI-powered alternatives and IRS Free File expansion. The margin looks pristine today, but if filing volumes shift or ASP per customer compresses in 2026, that 79.89% becomes the story of what you're losing, not what you're protecting. That's the competitive dynamic I'd be watching closer than the balance sheet ratios.

G

Gemini

I want to pivot us to the macro regime, specifically the impact of the current interest rate cycle on Intuit's customer base. Claude and Grok are debating balance sheet mechanics, but the real threat to 2026Q2 is the sensitivity of small businesses to sustained high rates. Intuit’s revenue relies heavily on the health of SMBs, which are currently facing a 1.39 current ratio across the broader sector, indicating tightening liquidity. If rates stay higher for longer, those businesses will cut discretionary software spending. That could force a contraction in Intuit's 79.89% gross margin, as they lose the pricing power that currently keeps their software so profitable.

C

Chatgpt

I think we should widen the frame to include regulatory and competitive dynamics that could move INTU in 2026Q2 beyond pure fundamentals. INTU trades with a trailing P/E of about 44.8x. That means the market is pricing aggressive growth, leaving little cushion if policy or competitive shocks bite. Claude, Grok, and Gemini, watch IRS Free File expansion and AI privacy rules that could compress pricing power or raise compliance costs. Additionally, NetSuite and other SMB platforms could steal share if INTU can't keep innovating on automation and integration.

Price Forecasts

Model	3M Target	6M Target	Reasoning
G Grok	3M Target $760.00	6M Target $785.00	Reasoning I forecast Intuit grinding modestly higher from $748 into 2026Q2 as high-margin SMB software demand offsets valuation pressure. The key catalyst is the Q2 2026 earnings print in early November 2025, where beats on TurboTax volumes and NetSuite growth could validate Morgan Stanley's top pick and spark a rebound toward recent highs. The main risk is AI-driven tax prep commoditization accelerating subscriber churn, as Claude flagged. Holding P/E near 45 means the market demands flawless 15%+ EPS growth annually, which their 21% ROE cash generation can deliver if competition stays at bay.
C Claude	3M Target $720.00	6M Target $765.00	Reasoning Intuit's moat is real but under siege from AI commoditization of tax prep — the stock re-rates lower as the market prices in margin compression risk. My thesis: the 44.8x P/E is fair only if gross margins hold at 79.89% and subscription churn stays flat; either cracks, and the multiple compresses 10–15%. Catalyst: 2026Q2 earnings guidance on SMB customer adds and ASP trends will signal whether AI is eating into filing volumes. Risk: IRS Free File expansion or a TurboTax pricing miss could trigger a 15–20% drawdown if the Street loses faith in pricing power. At 44.8x trailing earnings with $14.60 EPS, the market is paying $666 per dollar of annual profit — sustainable only if growth accelerates or margins expand, neither likely in a slowing software cycle. I'm holding conviction at 0.68 because the downside risk outweighs upside from here.
G Gemini	3M Target $665.00	6M Target $710.00	Reasoning My thesis is that Intuit will drift higher as the market realizes its software ecosystem remains sticky despite AI-driven fears. The primary catalyst for a move toward 710 is the 2026Q2 earnings print, where I expect management to demonstrate that their AI-integrated tax solutions are actually driving higher average revenue per user. Conversely, an expansion of IRS-led free filing initiatives is the concrete risk that would break my thesis by eroding their core pricing power. At a trailing P/E of 44.76, investors are paying a premium that assumes Intuit can continue to extract high margins from small businesses. If that growth narrative holds, the valuation remains defensible for a dominant market leader.
C Chatgpt	3M Target $660.00	6M Target $700.00	Reasoning I think INTU should drift higher over 3-6 months if its moat stays intact and growth remains durable. Catalyst: the 2026Q2 earnings beat with stable margins and Morgan Stanley reaffirming its Top Pick could unlock multiple expansion. Risk: AI-driven competition and pricing pressure from tax software commoditization could compress margins or slow growth. P/E around 44.8x. That premium means INTU has to keep delivering above-market EPS growth to justify the multiple.

Latest News Recent headlines mentioning this company

Here’s Why Intuit Inc. (INTU) is One of the Best Deep Value Stocks to Invest in Now Yahoo Finance · 2 months, 1 week ago
Intuit (INTU) Launches AI-Native QuickBooks Workforce Platform Yahoo Finance · 2 months, 1 week ago
2 Space Stocks to Buy Before the SpaceX IPO on June 12 Nasdaq · 2 months, 2 weeks ago
A Rare Buying Opportunity May Be Here With This Top Stock Nasdaq · 2 months, 2 weeks ago
Is OpenAI Coming for Intuit Next? Nasdaq · 2 months, 3 weeks ago
Why Intuit Stock Plummeted This Week Nasdaq · 2 months, 3 weeks ago
Here’s What Jim Cramer Said About Intuit (INTU) Before The Stock’s Crash Yahoo Finance · 2 months, 3 weeks ago
Is Wall Street Bullish or Bearish on Lam Research Stock? Yahoo Finance · 2 months, 3 weeks ago
Intuit Stock Was Absolutely Hammered After a Beat-and-Raise Quarter. Time to Buy on the Dip? Nasdaq · 2 months, 4 weeks ago
Intuit (INTU) Capitalizes on QuickBooks’ AI Strength Yahoo Finance · 2 months, 4 weeks ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 2,018 filers · $42.2B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
197 (-64 vs prior Q)	406 (-5 vs prior Q)	649 (-175 vs prior Q)	752 (-37 vs prior Q)	+46.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
VANGUARD CAPITAL MANAGEMENT LLC	$4,687,159,104	17,958,464	11.10%	Shares
STATE STREET CORP	$3,468,555,324	13,289,484	8.22%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$2,236,411,125	8,568,625	5.30%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$1,573,157,256	6,034,086	3.73%	Shares
NORGES BANK	$1,403,079,885	5,375,785	3.32%	Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$1,166,192,370	4,468,170	2.76%	Shares
JANUS HENDERSON GROUP PLC	$818,285,199	1,892,514	1.94%	Shares
EAGLE CAPITAL MANAGEMENT LLC	$776,183,703	2,973,884	1.84%	Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	$669,962,727	2,566,907	1.59%	Shares
Ninety One UK Ltd	$618,051,517	2,368,014	1.46%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$569,111,544	2,180,504	1.35%	Shares
TWO SIGMA INVESTMENTS, LP	$564,153,327	2,161,507	1.34%	Shares
D. E. Shaw & Co., Inc.	$546,799,176	2,095,016	1.30%	Shares
VANGUARD FIDUCIARY TRUST CO	$407,444,751	1,561,091	0.97%	Shares
VANGUARD GROUP INC	$401,629,221	606,306	0.95%	Shares
WORLDQUANT MILLENNIUM ADVISORS LLC	$395,951,616	1,517,056	0.94%	Shares
JANE STREET GROUP, LLC	$389,281,500	1,491,500	0.92%	Call option
Unisphere Establishment	$387,585,000	1,485,000	0.92%	Shares
Qube Research & Technologies Ltd	$354,975,921	1,360,061	0.84%	Shares
VICTORY CAPITAL MANAGEMENT INC	$318,172,735	1,219,053	0.75%	Shares
MILLENNIUM MANAGEMENT LLC	$297,709,650	1,140,650	0.71%	Shares
PRIMECAP MANAGEMENT CO/CA/	$289,727,487	1,110,067	0.69%	Shares
GENERATION INVESTMENT MANAGEMENT LLP	$285,922,368	1,095,488	0.68%	Shares
JANE STREET GROUP, LLC	$282,044,430	1,080,630	0.67%	Shares
FMR LLC	$279,643,292	1,071,430	0.66%	Shares
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	$270,541,422	1,036,557	0.64%	Shares
BANK OF AMERICA CORP /DE/	$265,688,343	1,017,963	0.63%	Shares
DNB Asset Management AS	$250,092,027	958,207	0.59%	Shares
Squarepoint Ops LLC	$242,040,177	927,357	0.57%	Shares
BNP PARIBAS FINANCIAL MARKETS	$241,962,660	927,060	0.57%	Shares
W1M Investment Management Ltd	$225,437,622	330,193	0.53%	Shares
CANADA PENSION PLAN INVESTMENT BOARD	$224,830,359	861,419	0.53%	Shares
WOLVERINE TRADING, LLC	$224,662,746	323,400	0.53%	Call option
GOLDMAN SACHS GROUP INC	$224,101,004	858,625	0.53%	Shares
FIRST TRUST ADVISORS LP	$218,128,622	835,742	0.52%	Shares
BlackRock, Inc.	$218,102,562	835,642	0.52%	Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$208,793,214	799,974	0.49%	Shares
ALLIANCEBERNSTEIN L.P.	$205,496,378	475,268	0.49%	Shares
Swiss National Bank	$203,590,440	780,040	0.48%	Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$200,952,064	464,758	0.48%	Shares
RENAISSANCE TECHNOLOGIES LLC	$199,677,541	765,048	0.47%	Shares
Fisher Asset Management, LLC	$198,453,756	760,358	0.47%	Shares
Robeco Institutional Asset Management B.V.	$196,791,651	753,991	0.47%	Shares
AMERIPRISE FINANCIAL INC	$185,547,540	710,828	0.44%	Shares
Mitsubishi UFJ Asset Management Co., Ltd.	$184,807,977	707,950	0.44%	Shares
Legal & General Group Plc	$183,601,757	703,455	0.43%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$182,945,599	423,113	0.43%	Shares
National Pension Service	$182,760,291	700,231	0.43%	Shares
Sumitomo Mitsui Trust Group, Inc.	$182,025,576	697,416	0.43%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$179,662,531	688,360	0.43%	Shares
Pictet Asset Management Holding SA	$175,431,339	672,063	0.42%	Shares
Lindsell Train Ltd	$174,056,463	666,883	0.41%	Shares
California Public Employees Retirement System	$174,048,633	666,853	0.41%	Shares
JANE STREET GROUP, LLC	$168,893,100	647,100	0.40%	Put option
BARCLAYS PLC	$167,124,303	640,323	0.40%	Shares
DIMENSIONAL FUND ADVISORS LP	$164,573,053	630,550	0.39%	Shares
Vanguard Global Advisers, LLC	$162,764,298	623,618	0.39%	Shares
Trexquant Investment LP	$152,571,465	584,565	0.36%	Shares
Man Group plc	$141,465,654	542,014	0.34%	Shares
VANGUARD ASSET MANAGEMENT, Ltd	$139,820,571	535,711	0.33%	Shares
1832 Asset Management L.P.	$137,721,087	527,667	0.33%	Shares
Quadrature Capital Ltd	$133,938,153	513,173	0.32%	Shares
ING GROEP NV	$131,597,244	504,204	0.31%	Shares
RHUMBLINE ADVISERS	$131,365,215	503,315	0.31%	Shares
Universal- Beteiligungs- und Servicegesellschaft mbH	$130,079,860	495,080	0.31%	Shares
ENVESTNET ASSET MANAGEMENT INC	$129,940,546	497,856	0.31%	Shares
YACKTMAN ASSET MANAGEMENT LP	$128,223,558	491,278	0.30%	Shares
WOLVERINE TRADING, LLC	$127,058,801	182,900	0.30%	Put option
Ensign Peak Advisors, Inc	$123,650,838	473,758	0.29%	Shares
NORDEA INVESTMENT MANAGEMENT AB	$115,579,488	443,513	0.27%	Shares
M&G PLC	$113,591,898	435,218	0.27%	Shares
Caisse de depot et placement du Quebec	$112,370,157	430,537	0.27%	Shares
Liontrust Investment Partners LLP	$109,362,892	165,096	0.26%	Shares
FERNBRIDGE CAPITAL MANAGEMENT LP	$108,383,121	415,261	0.26%	Shares
TUDOR INVESTMENT CORP ET AL	$107,638,749	412,409	0.26%	Shares
GOLDMAN SACHS GROUP INC	$103,251,600	395,600	0.24%	Put option
ROYAL LONDON ASSET MANAGEMENT LTD	$99,431,343	380,963	0.24%	Shares
Fayez Sarofim & Co	$98,629,564	377,891	0.23%	Shares
JARISLOWSKY, FRASER Ltd	$90,487,623	132,503	0.21%	Shares
PRINCIPAL FINANCIAL GROUP INC	$89,013,789	341,049	0.21%	Shares
UBS Group AG	$88,660,656	339,696	0.21%	Shares
FLOSSBACH VON STORCH SE	$87,882,093	336,713	0.21%	Shares
Capital World Investors	$87,775,344	336,304	0.21%	Shares
First Pacific Advisors, LP	$86,642,604	331,964	0.21%	Shares
ProShare Advisors LLC	$85,121,496	326,136	0.20%	Shares
Capital Research Global Investors	$84,547,296	323,936	0.20%	Shares
Quantinno Capital Management LP	$82,377,686	315,623	0.20%	Shares
JACOBS LEVY EQUITY MANAGEMENT, INC	$80,249,931	307,471	0.19%	Shares
Bowie Capital Management, LLC	$76,508,496	293,136	0.18%	Shares
Allianz Asset Management GmbH	$76,221,918	292,038	0.18%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$75,387,501	288,841	0.18%	Shares
NEUBERGER BERMAN GROUP LLC	$73,745,229	282,176	0.17%	Shares
Squarepoint Ops LLC	$73,393,200	281,200	0.17%	Call option
PineBridge Investments, L.P.	$70,932,496	103,868	0.17%	Shares
LAZARD ASSET MANAGEMENT LLC	$70,340,544	269,504	0.17%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$68,432,000	262,192	0.16%	Shares
GCQ FUNDS MANAGEMENT PTY Ltd	$67,179,573	257,393	0.16%	Shares
Alecta Tjanstepension Omsesidigt	$66,599,773	255,240	0.16%	Shares
CITADEL ADVISORS LLC	$65,080,872	249,352	0.15%	Shares
Zurcher Kantonalbank (Zurich Cantonalbank)	$64,180,161	245,901	0.15%	Shares

Company insiders 68 insiders · 36 officers · 26 directors

Insider	Role	Last activity	Shares owned	Sells 12m	Net 12m
Sasan K Goodarzi	Chairman and CEO	July 23, 2026 A	17,208	0	$0
Michelle M Clatterbuck	EVP and CFO	July 3, 2023 S	1,350	0	$0
Neil R Williams	EVP & CFO	Sept. 12, 2017 M	3,785	0	$0
Kerry J Mclean	EVP, Gen. Counsel & Corp. Sec.	July 1, 2026 M	29,517	0	$0
Alex G. Balazs	EVP, Chief Technology Officer	April 1, 2024 M	196	0	$0
Mark P. Notarainni	EVP, Consumer Group	April 1, 2024 M	1,334	0	$0
Marianna Tessel	EVP, SBSEG	April 1, 2024 M	34,175	0	$0
Laura A Fennell	EVP, People and Places	April 1, 2024 M	50,790	0	$0
James Alexander Chriss	Executive Vice President	Sept. 5, 2023 S	1,202	0	$0
Varun Krishna	EVP, Consumer Group	July 1, 2023 M	1,534	0	$0
Gregory N Johnson	EVP, Consumer Group	April 1, 2022 M	11,639	0	$0
Mark J Flournoy	SVP, Chief Accounting Officer	Dec. 31, 2021 M	534	0	$0
Scott D Cook	Chair of Exec. Committee	March 9, 2021 G	6,616,469	0	$0
Henry Tayloe Stansbury	EVP, Chief Technology Officer	Dec. 21, 2018 M	1,890	0	$0
Daniel A Wernikoff	EVP, Consumer Group	July 1, 2018 M	9,521	0	$0
Dan Maurer	SVP, Small Business	July 1, 2014 M	20,799	0	$0
Jeffrey P Hank	VP, Chief Accounting Officer	Sept. 25, 2013 M	925	0	$0
Kiran M Patel	EVP, Small Business Group	Sept. 1, 2013 M	61,149	0	$0
Rick W Jensen	SVP, Small Business Group	Aug. 11, 2008 A	3,574	0	$0
Peter J Karpas	SVP, Quicken Health Group	Nov. 28, 2007 M	3,634	0	$0
Jeffrey E Stiefler	SVP,Financial Institutions Div	Aug. 24, 2007 A	—	0	$0
Caroline F Donahue	SVP, Sales	Aug. 24, 2007 A	604	0	$0
ROBERT BRADSHAW HENSKE	SVP, Consumer Tax Group	May 19, 2007 M	12,364	0	$0
Richard William Ihrie	SVP and CTO	Aug. 25, 2006 A	200	0	$0
Mark F Schar	SVP & Chief Marketing Officer	March 6, 2006 A	3,000	0	$0
Daniel J Levin	VP, Product Management	Sept. 8, 2005 M	3,000	0	$0
Raymond G Stern	SVP, Strategy	March 15, 2005 A	—	0	$0
Karl K Grass	VP and GM, Professional Tax	Feb. 9, 2005 A	—	0	$0
Dorothy D Hayes	VP, Corp. Controller	July 30, 2004 A	—	0	$0
Lorrie M Norrington	Executive Vice President	June 15, 2004 A	—	0	$0
Jill A Ward	VP Vertical Bus Mgmt Solution	March 22, 2004 A	—	0	$0
Dennis Adsit	SVP, Operations	March 15, 2004 A	—	0	$0
Daniel L Manack	SVP, Prof. Accting. Solutions	Feb. 13, 2004 M	362	0	$0
Thomas A Allanson	SVP, Consumer Tax Group	Feb. 2, 2004 M	2,019	0	$0
Nicholas J Spaeth	SVP, Gen Counsel and Secretary	Dec. 15, 2003 A	—	0	$0
Jennifer Hall	Vice President and CIO	Aug. 1, 2003 A	—	0	$0
Thomas J Szkutak	Director	July 30, 2026 M	5,720	0	$0
Richard L Dalzell	Director	July 30, 2026 M	11,816	11	$-919,712
Eve B Burton	Director	July 25, 2026 M	1,964	0	$0
Tekedra Mawakana	Director	July 24, 2026 A	—	0	$0
Deborah Liu	Director	July 24, 2026 A	2,656	0	$0
Forrest Eugene Norrod	Director	July 24, 2026 A	—	0	$0
Vasant M Prabhu	Director	May 3, 2024 A	—	0	$0
Eric S. Yuan	Director	Jan. 19, 2024 A	—	0	$0
Ryan Roslansky	Director	Jan. 19, 2024 A	—	0	$0
Raul Vazquez	Director	Jan. 19, 2024 A	1,215	0	$0
Johnson Suzanne M Nora	Director	Jan. 19, 2024 A	38,593	0	$0
Brad D Smith	Director	Jan. 18, 2023 J	408,302	0	$0
Jeff Weiner	Director	Jan. 18, 2023 M	29,581	0	$0
Dennis D Powell	Director	Jan. 18, 2023 M	11,308	0	$0
Diane B Greene	Director	Jan. 18, 2018 M	34,984	0	$0
Edward A Kangas	Director	Jan. 21, 2016 M	16,732	0	$0
William V Campbell	Director	Jan. 23, 2015 A	84,005	0	$0
BRODY CHRISTOPHER W	Director	Jan. 21, 2015 M	310,022	0	$0
Michael R Hallman	Director	Jan. 19, 2012 M	191,886	0	$0
David H Batchelder	Director	Jan. 1, 2012 M	12,230	0	$0
Stratton D Sclavos	Director	Dec. 16, 2009 A	0	0	$0
Stephen M Bennett	Director	Oct. 22, 2009 M	0	0	$0
DOERR L JOHN	Director	Dec. 12, 2007 A	499,062	0	$0
Donna L Dubinsky	Director	Feb. 24, 2006 A	—	0	$0
Tyler Ralph Cozzens	—	Aug. 14, 2026 A	6,213	0	$0
Caryl Lyn Hilliard	—	Aug. 14, 2026 A	23,537	0	$0
Lauren D Hotz	—	Aug. 14, 2026 A	2,535	0	$0
Anton Hanebrink	—	Aug. 11, 2026 M	30,998	0	$0
Sandeep Aujla	—	Aug. 11, 2026 M	3,232	0	$0
William R Mcdermott	—	Aug. 3, 2026 A	—	0	$0
Adena T Friedman	—	Aug. 3, 2026 A	—	0	$0
Alexander M Lintner	—	Aug. 22, 2008 A	6,858	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Intuit Inc. ×4 filings	Jan. 18, 2008	—	Initial filing	—	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 280 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
FINX · Global X Funds	4.15%	24,491 NS	May 31, 2026	N-PORT
IGV · iShares Trust	3.11%	1,349,574 SH	Aug. 8, 2026	Daily
SEMG · EA Series Trust	2.98%	4,644 NS	April 30, 2026	N-PORT
MILN · Global X Funds	2.69%	7,916 NS	May 31, 2026	N-PORT
PNQI · Invesco Exchange-Traded Fund Trust	2.46%	40,919 SH	Aug. 8, 2026	Daily
BKCG · BNY Mellon ETF Trust II	2.11%	6,439 NS	April 30, 2026	N-PORT
FGSI · First Trust Exchange-Traded Fund IV	2.01%	155 NS	April 30, 2026	N-PORT
FLAG · Global X Funds	1.98%	84 NS	April 30, 2026	N-PORT
TDV · ProShares Trust	1.97%	17,242 NS	May 31, 2026	N-PORT
RILA · Spinnaker ETF Series	1.88%	2,030 NS	April 30, 2026	N-PORT
QNXT · iShares Trust	1.64%	1,430 SH	Aug. 8, 2026	Daily
QQWZ · Pacer Funds Trust	1.63%	1,960 NS	April 30, 2026	N-PORT
COWZ · Pacer Funds Trust	1.63%	762,131 NS	April 30, 2026	N-PORT
ABOT · Abacus FCF ETF Trust	1.52%	172 NS	April 30, 2026	N-PORT
TDVI · First Trust Exchange-Traded Fund IV	1.48%	15,962 NS	April 30, 2026	N-PORT
RSPT · Invesco Exchange-Traded Fund Trust	1.48%	266,332 SH	Aug. 8, 2026	Daily
RUNN · Strategic Trust	1.43%	14,935 NS	May 31, 2026	N-PORT
SPGP · Invesco Exchange-Traded Fund Trust	1.21%	86,282 SH	Aug. 8, 2026	Daily
XPND · First Trust Exchange-Traded Fund VI…	1.17%	1,450 NS	May 31, 2026	N-PORT
EQIN · Columbia ETF Trust I	1.15%	8,212 NS	April 30, 2026	N-PORT
VFQY · VANGUARD WELLINGTON FUND	1.14%	20,643 SH	Aug. 8, 2026	Daily
JHAI · Janus Detroit Street Trust	1.09%	577 NS	April 30, 2026	N-PORT
EQWL · Invesco Exchange-Traded Fund Trust	1.08%	92,150 SH	Aug. 8, 2026	Daily
VUSE · ETF Series Solutions	1.04%	21,626 NS	May 31, 2026	N-PORT
FLCG · Federated Hermes ETF Trust	0.98%	16,795 NS	May 31, 2026	N-PORT
HAPI · Harbor ETF Trust	0.96%	11,595 NS	April 30, 2026	N-PORT
NUDV · Nushares ETF Trust	0.84%	975 NS	April 30, 2026	N-PORT
XAIX · DBX ETF Trust	0.80%	3,744 NS	May 31, 2026	N-PORT
HEQQ · J.P. Morgan Exchange-Traded Fund Tr…	0.79%	642 NS	April 30, 2026	N-PORT
QDF · FlexShares Trust	0.78%	42,570 NS	April 30, 2026	N-PORT
LCOW · Pacer Funds Trust	0.77%	457 NS	April 30, 2026	N-PORT
QQQE · Direxion Shares ETF Trust	0.77%	24,035 NS	April 30, 2026	N-PORT
CVAR · ETF Opportunities Trust	0.76%	755 NS	April 30, 2026	N-PORT
ESLG · Strategy Shares	0.75%	376 NS	April 30, 2026	N-PORT
VFVA · VANGUARD WELLINGTON FUND	0.75%	24,239 SH	Aug. 8, 2026	Daily
QQQG · Pacer Funds Trust	0.74%	216 NS	April 30, 2026	N-PORT
BIGY · Tidal Trust II	0.70%	468 NS	April 30, 2026	N-PORT
DTEC · ALPS ETF Trust	0.68%	1,532 NS	May 31, 2026	N-PORT
SEMI · Columbia ETF Trust I	0.67%	727 NS	April 30, 2026	N-PORT
EGLE · Global X Funds	0.66%	35 NS	April 30, 2026	N-PORT
OGIG · ALPS ETF Trust	0.64%	2,205 NS	May 31, 2026	N-PORT
SNPV · DBX ETF Trust	0.63%	4,396 NS	May 29, 2026	N-PORT
ESMV · iShares Trust	0.61%	150 SH	Aug. 8, 2026	Daily
QDEF · FlexShares Trust	0.60%	8,217 NS	April 30, 2026	N-PORT
IEDI · iShares U.S. ETF Trust	0.60%	531 SH	Aug. 8, 2026	Daily
TECB · iShares Trust	0.58%	8,755 SH	Aug. 8, 2026	Daily
LOWV · AB Active ETFs, Inc.	0.58%	3,598 NS	May 31, 2026	N-PORT
NBDS · Neuberger Berman ETF Trust	0.58%	636 NS	May 31, 2026	N-PORT
HQGO · Lattice Strategies Trust	0.58%	716 NS	April 30, 2026	N-PORT
ABCS · EA Series Trust	0.57%	196 NS	May 29, 2026	N-PORT
TECL · Direxion Shares ETF Trust	0.56%	68,108 NS	April 30, 2026	N-PORT
QCLR · Global X Funds	0.56%	57 NS	April 30, 2026	N-PORT
USMV · iShares Trust	0.55%	413,108 SH	Aug. 8, 2026	Daily
QRMI · Global X Funds	0.54%	226 NS	April 30, 2026	N-PORT
QYLD · Global X Funds	0.54%	115,758 NS	April 30, 2026	N-PORT
QTR · Global X Funds	0.54%	40 NS	April 30, 2026	N-PORT
FLCC · Federated Hermes ETF Trust	0.53%	1,935 NS	May 31, 2026	N-PORT
QUAL · iShares Trust	0.53%	784,046 SH	Aug. 8, 2026	Daily
PTNQ · Pacer Funds Trust	0.53%	16,815 NS	April 30, 2026	N-PORT
QYLG · Global X Funds	0.52%	1,910 NS	April 30, 2026	N-PORT
INFO · Harbor ETF Trust	0.52%	10,261 NS	April 30, 2026	N-PORT
BRCE · MFS Active Exchange Traded Funds Tr…	0.52%	517 NS	May 31, 2026	N-PORT
PEVC · Pacer Funds Trust	0.51%	30 NS	April 30, 2026	N-PORT
FTEC · FIDELITY COVINGTON TRUST	0.51%	233,359 NS	April 30, 2026	N-PORT
FDTX · Fidelity Covington Trust	0.50%	3,904 NS	May 31, 2026	N-PORT
NULC · Nushares ETF Trust	0.49%	718 NS	April 30, 2026	N-PORT
QSIX · Pacer Funds Trust	0.48%	222 NS	April 30, 2026	N-PORT
LQAI · Exchange Listed Funds Trust	0.48%	26 NS	April 30, 2026	N-PORT
QLC · FlexShares Trust	0.47%	10,920 NS	April 30, 2026	N-PORT
ESUM · Strategy Shares	0.45%	1,792 NS	April 30, 2026	N-PORT
ACVF · ETF Opportunities Trust	0.45%	1,689 NS	April 30, 2026	N-PORT
LRND · New York Life Investments ETF Trust	0.44%	3,228 NS	April 30, 2026	N-PORT
IYW · iShares Trust	0.43%	337,832 SH	Aug. 8, 2026	Daily
JOYT · J.P. Morgan Exchange-Traded Fund Tr…	0.43%	949 NS	April 30, 2026	N-PORT
KRMA · Global X Funds	0.42%	1,540 NS	May 31, 2026	N-PORT
JVAL · J.P. Morgan Exchange-Traded Fund Tr…	0.42%	7,967 NS	April 30, 2026	N-PORT
CRTC · DBX ETF Trust	0.42%	1,638 NS	May 31, 2026	N-PORT
COWG · Pacer Funds Trust	0.42%	23,249 NS	April 30, 2026	N-PORT
EVUS · iShares Trust	0.41%	4,768 SH	Aug. 8, 2026	Daily
TYLG · Global X Funds	0.40%	131 NS	April 30, 2026	N-PORT
VFMF · VANGUARD WELLINGTON FUND	0.40%	10,761 SH	Aug. 8, 2026	Daily
JDIV · J.P. Morgan Exchange-Traded Fund Tr…	0.40%	115 NS	April 30, 2026	N-PORT
IGM · iShares Trust	0.39%	130,518 SH	Aug. 8, 2026	Daily
HELO · J.P. Morgan Exchange-Traded Fund Tr…	0.39%	40,324 NS	April 30, 2026	N-PORT
QQQ · Invesco QQQ Trust, Series 1	0.39%	5,801,759 SH	Aug. 8, 2026	Daily
QQQM · Invesco Exchange-Traded Fund Trust …	0.39%	1,229,837 SH	Aug. 8, 2026	Daily
BSCQ · Invesco Exchange-Traded Self-Indexe…	0.38%	13,403,000	Aug. 8, 2026	Daily
VEGN · ETF Series Solutions	0.38%	1,524 NS	April 30, 2026	N-PORT
GXPT · Global X Funds	0.37%	1,129 NS	May 31, 2026	N-PORT
ROUS · Lattice Strategies Trust	0.36%	5,455 NS	April 30, 2026	N-PORT
ACGR · AMERICAN CENTURY ETF TRUST	0.36%	123 NS	May 31, 2026	N-PORT
GGUS · Goldman Sachs ETF Trust	0.35%	4,873 NS	May 31, 2026	N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr…	0.35%	66,896 NS	April 30, 2026	N-PORT
FLRG · FIDELITY COVINGTON TRUST	0.35%	2,534 NS	April 30, 2026	N-PORT
USXF · iShares Trust	0.35%	16,117 SH	Aug. 8, 2026	Daily
IQQQ · ProShares Trust	0.34%	4,435 NS	May 31, 2026	N-PORT
TMFC · RBB Fund, Inc.	0.33%	21,293 NS	May 31, 2026	N-PORT
IXN · iShares Trust	0.33%	94,650 SH	Aug. 8, 2026	Daily
SCHG · SCHWAB STRATEGIC TRUST	0.32%	593,520 NS	May 31, 2026	N-PORT
ROM · ProShares Trust	0.32%	12,985 NS	May 31, 2026	N-PORT
PFM · Invesco Exchange-Traded Fund Trust	0.31%	7,785 SH	Aug. 8, 2026	Daily
IQSU · New York Life Investments ETF Trust	0.31%	2,531 NS	April 30, 2026	N-PORT
VIG · VANGUARD SPECIALIZED FUNDS	0.31%	1,562,358 SH	Aug. 8, 2026	Daily
OEI · Listed Funds Trust	0.30%	328 NS	April 30, 2026	N-PORT
MGK · VANGUARD WORLD FUND	0.29%	374,365 SH	Aug. 8, 2026	Daily
VGT · VANGUARD WORLD FUND	0.29%	1,914,687 SH	Aug. 8, 2026	Daily
DGRO · iShares Trust	0.29%	388,725 SH	Aug. 8, 2026	Daily
ESLV · Strategy Shares	0.28%	86 NS	April 30, 2026	N-PORT
DFVE · DoubleLine ETF Trust	0.28%	179 NS	March 31, 2026	N-PORT
MPLY · Strategy Shares	0.28%	96 NS	April 30, 2026	N-PORT
HFGO · Hartford Funds Exchange-Traded Trust	0.28%	1,316 NS	April 30, 2026	N-PORT
SZNE · Pacer Funds Trust	0.27%	94 NS	April 30, 2026	N-PORT
USSG · DBX ETF Trust	0.27%	4,611 NS	May 29, 2026	N-PORT
AFLG · First Trust Exchange-Traded Fund VI…	0.27%	5,188 NS	May 31, 2026	N-PORT
SUSA · iShares Trust	0.26%	33,722 SH	Aug. 8, 2026	Daily
GLBL · Pacer Funds Trust	0.25%	7 NS	April 30, 2026	N-PORT
SUSL · iShares Trust	0.25%	9,570 SH	Aug. 8, 2026	Daily
QLD · ProShares Trust	0.25%	109,630 NS	May 31, 2026	N-PORT
ILCV · iShares Trust	0.25%	10,470 SH	Aug. 8, 2026	Daily
DSI · iShares Trust	0.25%	42,766 SH	Aug. 8, 2026	Daily
MMLG · First Trust Exchange-Traded Fund VI…	0.24%	683 NS	May 31, 2026	N-PORT
CSM · ProShares Trust	0.24%	3,777 NS	May 31, 2026	N-PORT
AQLT · iShares Trust	0.24%	2,271 SH	Aug. 8, 2026	Daily
SNPE · DBX ETF Trust	0.23%	19,204 NS	May 29, 2026	N-PORT
WRND · New York Life Investments ETF Trust	0.23%	60 NS	April 30, 2026	N-PORT
PABU · iShares Trust	0.23%	17,917 SH	Aug. 8, 2026	Daily
OALC · Unified Series Trust	0.22%	1,639 NS	May 31, 2026	N-PORT
SKYU · ProShares Trust	0.22%	24 NS	May 31, 2026	N-PORT
IWX · iShares Trust	0.22%	27,412 SH	Aug. 8, 2026	Daily
RECS · Columbia ETF Trust I	0.22%	30,000 NS	April 30, 2026	N-PORT
RSP · Invesco Exchange-Traded Fund Trust	0.21%	652,783 SH	Aug. 8, 2026	Daily
PFIG · Invesco Exchange-Traded Fund Trust …	0.21%	245,000	Aug. 8, 2026	Daily
XMAG · Tidal Trust II	0.21%	908 NS	May 31, 2026	N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe…	0.20%	30,602 SH	Aug. 8, 2026	Daily
DYNF · BlackRock ETF Trust	0.20%	253,847 SH	Aug. 8, 2026	Daily
ACWV · iShares, Inc.	0.20%	21,180 SH	Aug. 8, 2026	Daily
NBCR · Neuberger Berman ETF Trust	0.20%	5,418 NS	May 31, 2026	N-PORT
FBCV · FIDELITY COVINGTON TRUST	0.20%	821 NS	April 30, 2026	N-PORT
LDRX · RBB Fund, Inc.	0.20%	1,494 NS	May 31, 2026	N-PORT
ONEQ · Fidelity Commonwealth Trust	0.20%	65,531 NS	May 31, 2026	N-PORT
DSPY · Tema ETF Trust	0.19%	4,969 NS	May 31, 2026	N-PORT
DFUV · Dimensional ETF Trust	0.19%	68,831 NS	April 30, 2026	N-PORT
LGDX · Tidal Trust III	0.18%	656 NS	April 30, 2026	N-PORT
OEF · iShares Trust	0.18%	116,997 SH	Aug. 8, 2026	Daily
QVML · Invesco Exchange-Traded Fund Trust …	0.18%	8,686 SH	Aug. 8, 2026	Daily
IUS · Invesco Exchange-Traded Self-Indexe…	0.18%	5,350 SH	Aug. 8, 2026	Daily
CATH · Global X Funds	0.18%	5,683 NS	April 30, 2026	N-PORT
XYLG · Global X Funds	0.18%	299 NS	April 30, 2026	N-PORT
TOV · EA Series Trust	0.18%	1,037 NS	April 30, 2026	N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe…	0.18%	6,233,000	Aug. 8, 2026	Daily
XCLR · Global X Funds	0.18%	15 NS	April 30, 2026	N-PORT
ACIO · ETF Series Solutions	0.18%	10,470 NS	April 30, 2026	N-PORT
XRMI · Global X Funds	0.18%	224 NS	April 30, 2026	N-PORT
XYLD · Global X Funds	0.18%	14,215 NS	April 30, 2026	N-PORT
ADME · ETF Series Solutions	0.18%	1,213 NS	April 30, 2026	N-PORT
PTLC · Pacer Funds Trust	0.18%	14,469 NS	April 30, 2026	N-PORT
CHRI · Global X Funds	0.17%	23 NS	April 30, 2026	N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr…	0.17%	34,423 NS	April 30, 2026	N-PORT
BKLC · BNY Mellon ETF Trust	0.17%	23,067 NS	April 30, 2026	N-PORT
USCA · DBX ETF Trust	0.17%	16,680 NS	May 29, 2026	N-PORT
MGV · VANGUARD WORLD FUND	0.17%	85,961 SH	Aug. 8, 2026	Daily
VOTE · TCW ETF Trust	0.17%	4,532 NS	April 30, 2026	N-PORT
GMOV · GMO ETF Trust	0.17%	461 NS	May 31, 2026	N-PORT
VOXP · Advisors Series Trust	0.17%	24 NS	April 30, 2026	N-PORT
GSEW · Goldman Sachs ETF Trust	0.17%	8,932 NS	May 31, 2026	N-PORT
ESGU · iShares Trust	0.17%	94,535 SH	Aug. 8, 2026	Daily
USCL · iShares Trust	0.16%	14,619 SH	Aug. 8, 2026	Daily
TOPC · iShares Trust	0.16%	160 SH	Aug. 8, 2026	Daily
XTR · Global X Funds	0.16%	15 NS	April 30, 2026	N-PORT
SPXN · ProShares Trust	0.16%	388 NS	May 31, 2026	N-PORT
APUE · Trust for Professional Managers	0.16%	12,500 NS	May 31, 2026	N-PORT
AOTG · EA Series Trust	0.16%	499 NS	May 29, 2026	N-PORT
SPUU · Direxion Shares ETF Trust	0.16%	934 NS	April 30, 2026	N-PORT
IWD · iShares Trust	0.16%	411,713 SH	Aug. 8, 2026	Daily
QDPL · Pacer Funds Trust	0.16%	6,344 NS	April 30, 2026	N-PORT
GLOF · iShares Trust	0.16%	1,077 SH	Aug. 8, 2026	Daily
SPXV · ProShares Trust	0.15%	187 NS	May 31, 2026	N-PORT
LRGF · iShares Trust	0.15%	17,579 SH	Aug. 8, 2026	Daily
IWL · iShares Trust	0.15%	10,711 SH	Aug. 8, 2026	Daily
DFUS · Dimensional ETF Trust	0.15%	77,223 NS	April 30, 2026	N-PORT
XVV · iShares Trust	0.15%	3,147 SH	Aug. 8, 2026	Daily
USNZ · DBX ETF Trust	0.15%	1,354 NS	May 29, 2026	N-PORT
JUST · Goldman Sachs ETF Trust	0.15%	2,529 NS	May 31, 2026	N-PORT
SPXE · ProShares Trust	0.15%	370 NS	May 31, 2026	N-PORT
EUSA · iShares, Inc.	0.14%	8,487 SH	Aug. 8, 2026	Daily
PBP · Invesco Exchange-Traded Fund Trust	0.14%	1,573 SH	Aug. 8, 2026	Daily
VONV · VANGUARD SCOTTSDALE FUNDS	0.14%	111,937 SH	Aug. 8, 2026	Daily
MGC · VANGUARD WORLD FUND	0.14%	54,912 SH	Aug. 8, 2026	Daily
GSUS · Goldman Sachs ETF Trust	0.14%	13,326 NS	May 31, 2026	N-PORT
SIZE · iShares Trust	0.14%	1,892 SH	Aug. 8, 2026	Daily
GXLC · Global X Funds	0.14%	19 NS	May 31, 2026	N-PORT
IVW · iShares Trust	0.14%	328,080 SH	Aug. 8, 2026	Daily
MSLC · MORGAN STANLEY PATHWAY FUNDS	0.14%	16,466 NS	May 31, 2026	N-PORT
SCHX · SCHWAB STRATEGIC TRUST	0.13%	295,208 NS	May 31, 2026	N-PORT
PBUS · Invesco Exchange-Traded Fund Trust …	0.13%	48,840 SH	Aug. 8, 2026	Daily
IVV · iShares Trust	0.13%	3,741,259 SH	Aug. 8, 2026	Daily
SFY · Tidal Trust I	0.13%	2,672 NS	May 31, 2026	N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr…	0.13%	1,500 NS	April 30, 2026	N-PORT
SCHK · SCHWAB STRATEGIC TRUST	0.13%	22,474 NS	May 31, 2026	N-PORT
IVE · iShares Trust	0.13%	201,390 SH	Aug. 8, 2026	Daily
IUSG · iShares Trust	0.13%	136,001 SH	Aug. 8, 2026	Daily
VTV · VANGUARD INDEX FUNDS	0.13%	1,302,386 SH	Aug. 8, 2026	Daily
GEW · EA Series Trust	0.13%	541 NS	May 29, 2026	N-PORT
ILCB · iShares Trust	0.13%	5,214 SH	Aug. 8, 2026	Daily
ONOF · Global X Funds	0.13%	552 NS	May 31, 2026	N-PORT
GUSA · Goldman Sachs ETF Trust II	0.13%	9,038 NS	May 31, 2026	N-PORT
SCHB · SCHWAB STRATEGIC TRUST	0.13%	164,521 NS	May 31, 2026	N-PORT
IYY · iShares Trust	0.13%	11,901 SH	Aug. 8, 2026	Daily
SPXL · Direxion Shares ETF Trust	0.12%	18,833 NS	April 30, 2026	N-PORT
IUSV · iShares Trust	0.12%	105,689 SH	Aug. 8, 2026	Daily
IWB · iShares Trust	0.12%	187,517 SH	Aug. 8, 2026	Daily
TQQQ · ProShares Trust	0.12%	146,350 NS	May 31, 2026	N-PORT
ISPY · ProShares Trust	0.12%	4,727 NS	May 31, 2026	N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe…	0.12%	3,661,000	Aug. 8, 2026	Daily
ESGV · VANGUARD WORLD FUND	0.12%	61,163 SH	Aug. 8, 2026	Daily
ITOT · iShares Trust	0.12%	359,158 SH	Aug. 8, 2026	Daily
DFAU · Dimensional ETF Trust	0.12%	34,956 NS	April 30, 2026	N-PORT
IWV · iShares Trust	0.12%	73,564 SH	Aug. 8, 2026	Daily
RWL · Invesco Exchange-Traded Fund Trust …	0.12%	35,818 SH	Aug. 8, 2026	Daily
DFSU · Dimensional ETF Trust	0.12%	6,216 NS	April 30, 2026	N-PORT
TILT · FlexShares Trust	0.11%	6,006 NS	April 30, 2026	N-PORT
VOO · VANGUARD INDEX FUNDS	0.11%	7,182,112 SH	Aug. 8, 2026	Daily
VUG · VANGUARD INDEX FUNDS	0.11%	1,668,122 SH	Aug. 8, 2026	Daily
VV · VANGUARD INDEX FUNDS	0.11%	319,470 SH	Aug. 8, 2026	Daily
VOOG · VANGUARD ADMIRAL FUNDS	0.11%	115,180 SH	Aug. 8, 2026	Daily
VOOV · VANGUARD ADMIRAL FUNDS	0.11%	28,002 SH	Aug. 8, 2026	Daily
BSCR · Invesco Exchange-Traded Self-Indexe…	0.11%	5,148,000	Aug. 8, 2026	Daily
PHDG · Invesco Actively Managed Exchange-T…	0.11%	219 SH	Aug. 8, 2026	Daily
KOKU · DBX ETF Trust	0.11%	2,576 NS	May 29, 2026	N-PORT
TOK · iShares Trust	0.10%	809 SH	Aug. 8, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.10%	8,685,629 SH	Aug. 8, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.10%	44,631 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.10%	22,786 SH	Aug. 8, 2026	Daily
GDE · WisdomTree Trust	0.10%	1,778 NS	May 31, 2026	N-PORT
URTH · iShares, Inc.	0.10%	24,994 SH	Aug. 8, 2026	Daily
AVLC · AMERICAN CENTURY ETF TRUST	0.10%	3,674 NS	May 31, 2026	N-PORT
IWY · iShares Trust	0.10%	48,651 SH	Aug. 8, 2026	Daily
SSO · ProShares Trust	0.09%	23,447 NS	May 31, 2026	N-PORT
PRF · Invesco Exchange-Traded Fund Trust	0.09%	27,848 SH	Aug. 8, 2026	Daily
DEUS · DBX ETF Trust	0.09%	730 NS	May 29, 2026	N-PORT
GLOV · Goldman Sachs ETF Trust	0.09%	4,557 NS	May 31, 2026	N-PORT
GSLC · Goldman Sachs ETF Trust	0.09%	41,218 NS	May 31, 2026	N-PORT
ACWI · iShares Trust	0.09%	88,564 SH	Aug. 8, 2026	Daily
CRBN · iShares Trust	0.08%	2,987 SH	Aug. 8, 2026	Daily
IWF · iShares Trust	0.08%	321,404 SH	Aug. 8, 2026	Daily
FBCG · FIDELITY COVINGTON TRUST	0.08%	12,478 NS	April 30, 2026	N-PORT
EQAL · Invesco Exchange-Traded Fund Trust …	0.07%	1,845 SH	Aug. 8, 2026	Daily
DFAC · Dimensional ETF Trust	0.07%	81,158 NS	April 30, 2026	N-PORT
VONG · VANGUARD SCOTTSDALE FUNDS	0.07%	134,184 SH	Aug. 8, 2026	Daily
VCEB · VANGUARD WORLD FUND	0.07%	810,000 PA	Aug. 8, 2026	Daily
HCMT · Direxion Shares ETF Trust	0.07%	987 NS	April 30, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.07%	5,189 NS	April 30, 2026	N-PORT
UPRO · ProShares Trust	0.06%	10,684 NS	May 31, 2026	N-PORT
FNDX · SCHWAB STRATEGIC TRUST	0.06%	47,474 NS	May 31, 2026	N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.06%	227,209 SH	Aug. 8, 2026	Daily
VCIT · VANGUARD SCOTTSDALE FUNDS	0.06%	38,516,000 PA	Aug. 8, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.06%	2,301 NS	May 31, 2026	N-PORT
AVUS · AMERICAN CENTURY ETF TRUST	0.05%	21,978 NS	May 31, 2026	N-PORT
SPXD · DBX ETF Trust	0.05%	11 NS	May 31, 2026	N-PORT
HDUS · Lattice Strategies Trust	0.05%	236 NS	April 30, 2026	N-PORT
VCSH · VANGUARD SCOTTSDALE FUNDS	0.05%	25,308,000 PA	Aug. 8, 2026	Daily
VCLT · VANGUARD SCOTTSDALE FUNDS	0.05%	5,797,000 PA	Aug. 8, 2026	Daily
AVSU · AMERICAN CENTURY ETF TRUST	0.05%	693 NS	May 31, 2026	N-PORT
JFLI · J.P. Morgan Exchange-Traded Fund Tr…	0.04%	50 NS	April 30, 2026	N-PORT
VTC · VANGUARD SCOTTSDALE FUNDS	0.04%	820,000 PA	Aug. 8, 2026	Daily
DFLV · Dimensional ETF Trust	0.03%	4,994 NS	April 30, 2026	N-PORT
EQL · ALPS ETF Trust	0.02%	880 NS	May 31, 2026	N-PORT
BIV · VANGUARD BOND INDEX FUNDS	0.02%	11,424,000 PA	Aug. 8, 2026	Daily
BSV · VANGUARD BOND INDEX FUNDS	0.02%	14,270,000 PA	Aug. 8, 2026	Daily
DXUV · Dimensional ETF Trust	0.02%	158 NS	April 30, 2026	N-PORT
IETC · iShares U.S. ETF Trust	0.01%	250 SH	Aug. 8, 2026	Daily
NULV · Nushares ETF Trust	0.01%	566 NS	April 30, 2026	N-PORT
BLV · VANGUARD BOND INDEX FUNDS	0.01%	1,325,000 PA	Aug. 8, 2026	Daily
DFVX · Dimensional ETF Trust	0.01%	74 NS	April 30, 2026	N-PORT
EBI · RBB Fund Trust	0.00%	4 NS	May 31, 2026	N-PORT
VXUS · VANGUARD STAR FUNDS	0.00%	14,406,415 SH	Aug. 8, 2026	Daily
BND · VANGUARD BOND INDEX FUNDS	0.00%	46,425,000 PA	Aug. 8, 2026	Daily
BNDW · VANGUARD SCOTTSDALE FUNDS	0.00%	114,895 PA	Aug. 8, 2026	Daily
IFGL · iShares Trust	0.00%	6,694 SH	Aug. 8, 2026	Daily
AGOX · Starboard Investment Trust	-0.07%	0 NC	May 31, 2026	N-PORT

About Intuit Inc. - Common Stock Company overview from Wikipedia

History

Legal issues

Current products

Intuit Professional Tax Software

ProConnect Tax Online

Lacerte Tax Software

ProSeries Tax Software

International operations

Canada

Current products of Intuit Canada

Discontinued products of Intuit Canada

India

Intuit Money Manager

Awards and recognition

Online communities

Finances

Acquisitions and carve-outs

1990s

2000s

2010s

2020s

Lobbying

Lawsuits

FTC Lawsuit Over Intuit's 'Free' Tax Filing Claims

Artificial intelligence

INTU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

INTU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

INTU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

INTU AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Round 2 — Responses & Rebuttals

Round 3 — Final Rebuttals

Price Forecasts

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 2,018 filers · $42.2B total · As of June 30, 2026

Company insiders 68 insiders · 36 officers · 26 directors

Activists & 5%+ owners 1 position

ETF ownership Held by 280 ETFs