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

03
Price $281.08
Market Cap (MRQ) $75.44B
P/E (TTM) 17.1
EPS (TTM) $16.46
Revenue (TTM) $21.45B
Div Yield 1.8%
ROE (TTM) 23.6%
Debt/Equity 0.4
52W Range $253–$689

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

04
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Stock splits 3
Ex-date Split Type
July 7, 2006 2-for-1 Forward
Oct. 1, 1999 3-for-1 Forward
Aug. 22, 1995 2-for-1 Forward

About Intuit Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Intuit Inc. is an American financial technology company that develops financial software and services, including TurboTax and QuickBooks. Founded in 1983, the company is headquartered in Mountain View, California. It went public in 1993 and that year acquired ChipSoft, maker of TurboTax. The company later expanded with the acquisitions of Credit Karma (completed in December 2020) and Mailchimp (completed in November 2021).

Intuit has been the subject of reporting and regulatory actions related to U.S. tax filing. In 2019, ProPublica investigations found that Intuit had steered eligible taxpayers from its free IRS Free File product toward its paid TurboTax Free Edition, including through search engine delisting and a discount marketed to members of the military. Intuit left the Free File Alliance after the 2021 filing season. Its marketing of "free" tax services led to a $141 million multi-state settlement in 2022 and, in 2024, a Federal Trade Commission (FTC) Opinion and Final Order limiting "free" claims unless eligibility is clearly disclosed. The order was vacated by the Fifth Circuit in March 2026 and remanded to the FTC. The company was also a defendant in the High-Tech Employee Antitrust Litigation, which it settled out of court.

Intuit has lobbied against IRS proposals to create a free, pre-filled tax filing system. Critics of Intuit's lobbying often note that such pre-filled systems are standard in many other developed nations.

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 Business Credit Card

No annual fee business credit card, issued as a World Elite Business Mastercard, that syncs transactions with QuickBooks Online so spend management, credit access, and financial insights sit in one place.

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 ↗

sectorTechnology industryTechnology employees18,600 countryUS

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

06
Revenue$21.45B
2017-07-31 → 2026-07-31
EPS$16.46
2017-07-31 → 2026-07-31
Free Cash Flow$8.66B
2017-07-31 → 2026-07-31
Net margin21.3%
2017-07-31 → 2026-07-31
Valuation & Ratios 07–12

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

Metric 5Y trend INTU 5Y avg Peer Median Verdict
P/E (TTM) 17.15Y avg ≈52.4 ≈52.4 36.0 Undervalued
P/S (TTM) 3.55Y avg ≈9.4 ≈9.4 7.7 Undervalued
P/B (MRQ) 4.05Y avg ≈8.3 ≈8.3 12.4 Undervalued
Price / FCF (TTM) 8.75Y avg ≈34.6 ≈34.6 · ·
Price / Cash Flow (TTM) 8.55Y avg ≈28.7 ≈28.7 33.8 Undervalued
EV / Revenue 3.75Y avg ≈9.6 ≈9.6 · ·
Price / Tangible Book (MRQ) 5.3 · · ·
PEG Ratio ≈1.0 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

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

13
Dividend Yield1.8%
Payout Ratio29.5%
Annualized Payout≈$4.80Paid quarterly
5Y Div CAGR≈14.4%Per share, split-adjusted
Growth Streak≈13Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Jul 9, 2026$1.20USD≈1.8%
Apr 9, 2026$1.20USD≈1.3%
Jan 9, 2026$1.20USD≈0.69%
Oct 9, 2025$1.20USD≈0.67%
Jul 10, 2025$1.04USD≈0.56%
Apr 10, 2025$1.04USD≈0.70%
Jan 10, 2025$1.04USD≈0.62%
Oct 10, 2024$1.04USD≈0.60%
Jul 10, 2024$0.90USD≈0.57%
Apr 9, 2024$0.90USD≈0.54%
Jan 9, 2024$0.90USD≈0.56%
Oct 5, 2023$0.90USD≈0.63%
Jul 7, 2023$0.78USD≈0.70%
Apr 6, 2023$0.78USD≈0.68%
Jan 9, 2023$0.78USD≈0.74%
Oct 6, 2022$0.78USD≈0.69%
Jul 8, 2022$0.68USD≈0.67%
Apr 8, 2022$0.68USD≈0.54%
Jan 7, 2022$0.68USD≈0.45%
Oct 7, 2021$0.68USD≈0.46%

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

14
Avg Surprise 6.2%
PeriodReportEPS ActualEPS EstSurprise
Dec. 31, 2026 Aug 25, 2026 $4.03 $3.65 10.3%
Sept. 30, 2026 May 20, 2026 $4.03 $3.65 10.3%
June 30, 2026 $12.80 $12.82 -0.17%
March 31, 2026 $4.15 $3.74 11.0%
Dec. 31, 2025 $3.34 $3.16 5.8%
Sept. 30, 2025 $2.75 $2.71 1.3%
June 30, 2025 $11.65 $11.13 4.7%

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

15
Income Statement 14
Metric Trend 202620252024202320222021202020192018201720162015
Revenue $21.45B$18.83B$16.29B$14.37B$12.73B$9.63B$7.68B$6.78B$6.03B$5.20B$4.69B$4.19B
R&D Expense $3.38B$2.93B$2.75B$2.54B$2.35B$1.68B$1.39B$1.23B$1.19B$998M$881M$798M
SG&A Expense $1.62B$1.60B$1.42B$1.30B$1.46B$982M$679M$597M$664M$553M$518M$483M
Operating Expenses $15.56B$13.91B$12.65B$11.23B$10.15B$7.13B$5.50B$4.93B····
Operating Income $5.88B$4.92B$3.63B$3.14B$2.57B$2.50B$2.18B$1.85B$1.56B$1.42B$1.24B$738M
Other Non-op $389M$158M$162M$96M$52M$85M$36M$42M$26M$3M$-4M$1M
Pretax Income $6.02B$4.83B$3.55B$2.99B$2.54B$2.56B$2.20B$1.88B$1.57B$1.39B$1.20B$712M
Income Tax $1.45B$965M$587M$605M$476M$494M$372M$324M$237M$405M$397M$299M
Net Income $4.57B$3.87B$2.96B$2.38B$2.07B$2.06B$1.83B$1.56B$1.33B$985M$979M$365M
EPS (Basic) $16.53$13.82$10.58$8.49$7.38$7.65$6.99$5.99$5.18$3.83$3.73$1.30
EPS (Diluted) $16.46$13.67$10.43$8.42$7.28$7.56$6.92$5.89$5.09$3.78$3.69$1.28
Shares (Basic) 276,000,000280,000,000280,000,000281,000,000280,000,000270,000,000261,000,000260,000,000256,000,000257,000,000262,000,000281,000,000
Shares (Diluted) 277,000,000283,000,000284,000,000283,000,000284,000,000273,000,000264,000,000264,000,000261,000,000261,000,000265,000,000286,000,000
EBITDA $5.88B$4.92B$3.63B$3.14B$2.57B$2.50B$2.18B$1.85B$1.50B$1.40B$1.24B$738M
Balance Sheet 27
Metric Trend 202620252024202320222021202020192018201720162015
Cash & Equivalents $4.71B$2.88B$3.61B$2.85B$2.80B$2.56B$6.44B$2.12B$1.46B$529M$638M$808M
Receivables $625M$530M$457M$405M$446M$391M$149M$87M$98M$103M$108M$91M
Prepaid Expense $677M$496M$366M$354M$287M$184M$314M$266M$202M$100M$102M$94M
Current Assets $15.31B$14.11B$9.68B$5.56B$5.05B$5.16B$7.98B$3.59B$2.42B$1.42B$1.61B$2.56B
PP&E (Net) $1.02B$961M$1.01B$969M$888M$780M$734M$780M$812M$1.03B$1.03B$682M
PP&E (Gross) $2.40B$2.36B$2.37B$2.44B$2.33B$2.12B$2.03B$2.16B$2.19B$2.42B$2.24B$1.74B
Accum. Depreciation $1.38B$1.40B$1.36B$1.47B$1.44B$1.34B$1.29B$1.38B$1.38B$1.39B$1.21B$1.06B
Goodwill $13.98B$13.98B$13.84B$13.78B$13.74B$5.61B$1.65B$1.66B$1.61B$1.29B$1.28B$1.27B
Intangibles $4.64B$5.30B$5.82B$6.42B$7.06B$3.25B$28M$54M$61M$22M$44M$87M
Other Non-current Assets $800M$751M$541M$417M$344M$283M$225M$186M$215M$143M$112M$106M
Total Assets $36.79B$36.96B$32.13B$27.78B$27.73B$15.52B$10.93B$6.28B$5.13B$4.07B$4.25B$4.97B
Accounts Payable $873M$792M$721M$638M$737M$623M$305M$274M$178M$157M$184M$190M
Short-term Debt ···········$0
Current Liabilities $10.16B$10.37B$7.49B$3.79B$3.63B$2.65B$3.53B$1.97B$1.74B$1.94B$2.25B$1.74B
Capital Leases $667M$597M$458M$480M$542M$380M$221M·····
Deferred Tax $239M$20M$3M$4M$619M$525M$2M$37M$68M·$7M$50M
Other Non-current Liabilities $305M$288M$208M$121M$87M$53M$42M$145M$119M$130M$146M$172M
Total Liabilities $17.79B$17.25B$13.70B$10.51B$11.29B$5.65B$5.83B$2.53B$2.32B$2.71B$3.09B$2.64B
Long-term Debt $7.67B$5.97B$6.04B$6.12B$6.91B$2.03B$2.03B$386M$388M$438M$488M$500M
Total Debt $7.67B$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 $19.05B$19.67B$16.99B$15.07B$13.58B$12.30B$10.88B$9.62B$8.56B$7.30B$6.69B$6.03B
Treasury Stock $0$21.54B$18.75B$16.77B$14.80B$12.95B$11.93B$11.61B$11.05B$10.78B$9.94B$7.67B
AOCI $-57M$-50M$-54M$-55M$-60M$-24M$-32M$-36M$-36M$-22M$-32M$-30M
Stockholders' Equity $18.99B$19.71B$18.44B$17.27B$16.44B$9.87B$5.11B$3.75B$2.82B$1.70B$1.49B$2.33B
Liabilities + Equity $36.79B$36.96B$32.13B$27.78B$27.73B$15.52B$10.93B$6.28B$5.13B$4.07B$4.25B$4.97B
Shares Outstanding 268,384,000279,129,000280,268,000280,421,000281,932,000273,235,000261,740,000260,180,000258,616,000255,668,000257,853,000277,706,000
Cash Flow 16
Metric Trend 202620252024202320222021202020192018201720162015
Stock-based Comp $2.06B$1.97B$1.94B$1.71B$1.31B$753M$435M$401M$382M$326M$281M$257M
Deferred Tax $1.28B$-435M$-554M$-628M$120M$-42M$-179M$-7M$-5M$17M$70M$-100M
Amort. of Intangibles $485M$481M$483M$483M$416M$146M$6M$6M$6M$2M$12M$12M
Restructuring $293M$15M$223M$0$0·······
Operating Cash Flow $8.84B$6.21B$4.88B$5.05B$3.89B$3.25B$2.41B$2.32B$2.11B$1.60B$1.46B$1.59B
CapEx $175M$84M$191M$210M$157M$53M$59M$76M$38M$102M$416M$142M
Investing Cash Flow $-1.41B$-2.32B$-227M$-922M$-5.42B$-3.96B$-97M$-635M$-532M$-17M$371M$-182M
Debt Issued ·······$48M$0$0$500M$0
Net Debt Issued $0$-500M$-4.20B$-1.01B$0$-338M$-50M$-2M$-50M$-512M$500M·
Stock Repurchased $5.41B$2.77B$1.99B$1.97B$1.86B$1.00B$323M$556M$272M$839M$2.26B$1.25B
Net Stock Activity $-5.41B$-2.77B$-1.99B$-1.97B$-1.86B$-1.00B$-323M$-556M$-272M$-839M$-2.26B$-1.25B
Dividends Paid $1.35B$1.19B$1.03B$889M$774M$646M$561M$501M$407M$353M$318M$283M
Financing Cash Flow $-7.69B$-1.51B$-397M$-4.27B$1.73B$-3.18B$2.03B$-965M$-639M$-1.63B$-2.00B$-1.42B
Net Change in Cash $-265M$2.38B$4.25B$-145M$178M$-3.88B$4.34B$721M$930M$-41M$-170M$-41M
Taxes Paid $281M$1.41B$1.88B·········
Free Cash Flow $8.66B$6.12B$4.69B$4.84B$3.73B$3.20B$2.35B$2.25B$2.07B$1.50B$985M$1.36B
Profitability 7
Metric Trend 202620252024202320222021202020192018201720162015
Operating Margin 27.4%26.1%22.3%21.9%20.2%25.9%28.3%27.3%25.1%27.0%26.5%17.6%
Net Margin 21.3%20.5%18.2%16.6%16.2%21.4%23.8%22.9%20.3%18.8%20.9%8.7%
Pretax Margin 28.1%25.7%21.8%20.8%20.0%26.5%28.6%27.7%25.2%26.4%25.6%17.0%
EBITDA Margin 27.4%26.1%22.3%21.9%20.2%25.9%28.3%27.3%25.1%27.0%26.5%17.6%
ROA 12.4%11.2%9.9%8.6%9.6%15.6%21.2%27.3%26.2%23.4%21.2%7.2%
ROE 24.0%20.5%15.9%13.7%12.4%20.8%37.1%39.8%46.0%63.6%81.3%15.7%
ROIC 16.8%15.3%12.4%10.7%8.9%16.9%25.3%40.9%51.2%73.2%71.7%18.4%
Liquidity & Solvency 4
Metric Trend 202620252024202320222021202020192018201720162015
Current Ratio 1.51.41.31.51.41.92.31.81.10.70.71.5
Quick Ratio 0.50.30.50.90.91.11.91.10.70.30.30.5
Debt / Equity 0.40.30.30.40.40.20.4·····
LT Debt / Equity 0.30.30.30.40.40.20.4·····
Efficiency 2
Metric Trend 202620252024202320222021202020192018201720162015
Asset Turnover 0.60.50.50.50.60.70.91.21.31.21.00.8
Receivables Turnover 37.138.237.833.830.435.765.173.359.349.147.240.7
Per Share 7
Metric Trend 202620252024202320222021202020192018201720162015
Book Value / Share $70.76$70.61$65.78$61.58$58.32$36.12$19.51$14.41$9.10$5.30$4.50$8.40
Revenue / Share $77.43$66.54$57.34$50.77$44.81$35.29$29.09$25.70$22.85$19.84$17.71$14.66
Cash Flow / Share $31.91$21.93$17.20$17.83$13.69$11.90$9.14$8.80$8.09$6.13$5.29$5.26
Cash / Share $17.53$10.33$12.88$10.16$9.92$9.38$24.61$8.13$5.66$2.07$2.47$2.91
Dividend / Share $4.80$4.16$3.60$3.12$2.72$2.36$2.12$1.88$1.56$1.36$1.20$1.00
Dividend Paid / Share $4.80$4.16$3.60$3.12$2.72$2.36$2.12$1.88$1.56$1.36$1.20$1.00
EPS (TTM) $16.46$13.67$10.43$8.42$7.28$7.56$6.92$5.89$5.09$3.78$3.69$1.28
Growth Rates 10
Metric Trend 202620252024202320222021202020192018201720162015
Revenue YoY 13.9%15.6%13.3%12.9%32.1%25.4%······
Revenue CAGR 3Y 14.3%14.0%19.1%23.2%········
Revenue CAGR 5Y 17.4%19.7%··········
EPS YoY 20.4%31.1%23.9%15.7%-3.7%9.2%······
EPS CAGR 3Y 25.0%23.4%11.3%6.8%········
EPS CAGR 5Y 16.8%14.6%··········
Net Income YoY 18.0%30.6%24.3%15.4%0.19%12.9%······
Net Income CAGR 3Y 24.2%23.3%12.8%9.3%········
Net Income CAGR 5Y 17.2%16.2%··········
Dividends Paid CAGR 5Y 15.8%16.2%··········
Valuation (TTM) 17
Metric Trend 202620252024202320222021202020192018201720162015
Revenue TTM $21.45B$18.83B$16.29B$14.37B$12.73B$9.63B$7.68B$6.78B$6.03B$5.20B$4.69B$4.19B
Net Income TTM $4.57B$3.87B$2.96B$2.38B$2.07B$2.06B$1.83B$1.56B$1.33B$985M$979M$365M
Market Cap $84.83B$219.15B$181.43B$143.49B$128.61B$144.81B$80.19B$72.15B$52.82B$35.08B$28.62B$29.37B
Enterprise Value $87.79B$222.24B$183.86B$146.76B$132.73B$144.28B$75.78B·····
P/E 19.257.462.160.862.770.144.347.140.136.330.182.6
P/S 4.011.611.110.010.115.010.410.68.86.86.17.0
P/B 4.511.19.88.37.814.715.719.222.425.924.712.6
P / Tangible Book 229.9512.0···144.223.4·····
P / Cash Flow 9.635.337.128.433.144.633.231.025.021.920.419.5
P / FCF ·35.838.729.734.545.334.132.125.523.429.121.6
EV / EBITDA ·45.150.746.751.657.734.8·····
EV / FCF ·36.339.230.335.645.132.2·····
EV / Revenue 4.111.811.310.210.415.09.9·····
Dividend Yield 1.6%0.54%0.57%0.62%0.60%0.45%0.70%0.69%0.77%1.0%1.1%0.96%
Earnings Yield 5.2%1.7%1.6%1.7%1.6%1.4%2.3%2.1%2.5%2.8%3.3%1.2%
Payout Ratio 29.5%30.7%34.9%37.3%37.5%31.3%30.7%32.2%33.6%36.4%32.5%77.5%
Annual Payout $1.35B$1.19B$1.03B$889M$774M$646M$561M$501M$407M$353M$318M$283M

Most recent period on the left · null values shown as ·

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

16
Metric 2026-07-312025-07-312024-07-312023-07-312022-07-31
Revenue $21.45B $18.83B $16.29B $14.37B $12.73B
Operating Margin % 27.4% 26.1% 22.3% 21.9% 20.2%
Net Income $4.57B $3.87B $2.96B $2.38B $2.07B
Diluted EPS $16.46 $13.67 $10.43 $8.42 $7.28

Institutional owners (13F) 1,987 filers · $86.8B total · As of Sept. 30, 2026

17

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.

Holders 1,987
Value held $86.8B
New positions 192
Exited positions 412
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
192 (-76 vs prior Q) 412 (+2 vs prior Q) 646 (-190 vs prior Q) 805 (-1 vs prior Q) +9.0M

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 GROUP INC $19,156,151,700 28,918,438 22.06% Shares
BlackRock, Inc. $6,851,859,422 26,252,335 7.89% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,687,159,104 17,958,464 5.40% Shares
STATE STREET CORP $3,468,555,324 13,289,484 4.00% Shares
Invesco Ltd. $2,486,433,139 9,526,564 2.86% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,236,411,125 8,568,625 2.58% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,808,087,532 6,934,202 2.08% Shares
NORGES BANK $1,403,079,885 5,375,785 1.62% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $1,348,383,085 3,118,514 1.55% Shares
FIL Ltd $1,325,324,070 5,077,870 1.53% Shares
MORGAN STANLEY $1,288,206,789 4,935,654 1.48% Shares
JPMORGAN CHASE & CO $1,280,981,328 4,808,487 1.48% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,166,192,370 4,468,170 1.34% Shares
JANUS HENDERSON GROUP PLC $848,043,579 1,961,343 0.98% Shares
NORTHERN TRUST CORP $814,049,343 3,118,963 0.94% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $798,277,374 3,058,534 0.92% Shares
EAGLE CAPITAL MANAGEMENT LLC $776,183,703 2,973,884 0.89% Shares
JANE STREET GROUP, LLC $697,414,968 2,672,088 0.80% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $665,680,500 2,550,500 0.77% Call option
Ninety One UK Ltd $618,051,517 2,368,014 0.71% Shares
BANK OF AMERICA CORP /DE/ $589,840,767 2,259,926 0.68% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $569,149,650 2,180,650 0.66% Shares
Bank of New York Mellon Corp $564,592,248 2,163,189 0.65% Shares
TWO SIGMA INVESTMENTS, LP $564,153,327 2,161,507 0.65% Shares
D. E. Shaw & Co., Inc. $557,367,849 2,135,509 0.64% Shares
Amundi $555,505,092 2,128,372 0.64% Shares
UBS Group AG $538,137,891 2,061,831 0.62% Shares
GOLDMAN SACHS GROUP INC $534,021,831 2,046,061 0.62% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $502,920,900 1,926,900 0.58% Put option
Legal & General Group Plc $498,798,410 1,911,105 0.57% Shares
FMR LLC $455,622,198 1,745,678 0.52% Shares
DEUTSCHE BANK AG\ $426,640,779 1,634,639 0.49% Shares
CITADEL ADVISORS LLC $417,600,000 1,600,000 0.48% Call option
VANGUARD FIDUCIARY TRUST CO $407,444,751 1,561,091 0.47% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $395,951,616 1,517,056 0.46% Shares
JANE STREET GROUP, LLC $389,281,500 1,491,500 0.45% Call option
Unisphere Establishment $387,585,000 1,485,000 0.45% Shares
AQR CAPITAL MANAGEMENT LLC $383,037,956 1,467,579 0.44% Shares
Qube Research & Technologies Ltd $354,975,921 1,360,061 0.41% Shares
VICTORY CAPITAL MANAGEMENT INC $318,172,735 1,219,053 0.37% Shares
FEDERATED HERMES, INC. $307,314,722 1,177,451 0.35% Shares
MILLENNIUM MANAGEMENT LLC $297,709,650 1,140,650 0.34% Shares
PRIMECAP MANAGEMENT CO/CA/ $289,727,487 1,110,067 0.33% Shares
GENERATION INVESTMENT MANAGEMENT LLP $285,922,368 1,095,488 0.33% Shares
Nuveen, LLC $274,461,212 1,051,576 0.32% Shares
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA $270,541,422 1,036,557 0.31% Shares
CITIGROUP INC $262,091,644 1,004,183 0.30% Shares
CITADEL ADVISORS LLC $258,155,100 989,100 0.30% Put option
DNB Asset Management AS $250,092,027 958,207 0.29% Shares
Squarepoint Ops LLC $242,040,177 927,357 0.28% Shares

Show all 1,987 institutional owners →

Activists & 5%+ owners 1 position

18

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.

Company insiders 68 insiders · 40 officers · 28 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sasan K Goodarzi Chairman and CEO Sept. 1, 2026 M 31,020 0 2 $-26,654,136
Sandeep Aujla EVP and CFO Sept. 1, 2026 M 6,742 0 4 $-2,373,637
Michelle M Clatterbuck EVP and CFO July 3, 2023 S 1,350 0 0 $0
Neil R Williams EVP & CFO Sept. 12, 2017 M 3,785 0 0 $0
Tyler Ralph Cozzens EVP, Gen. Counsel & Corp. Sec. Sept. 1, 2026 M 7,305 0 0 $0
Caryl Lyn Hilliard EVP, People and Places Sept. 1, 2026 M 24,745 0 0 $0
Anton Hanebrink EVP, Corp Strategy and Dev Sept. 1, 2026 M 33,525 0 0 $0
Lauren D Hotz SVP, Chief Accounting Officer Sept. 1, 2026 M 2,584 0 2 $-314,304
Kerry J Mclean EVP, Gen. Counsel & Corp. Sec. July 1, 2026 M 29,517 0 0 $0
Alex G. Balazs EVP, Chief Technology Officer July 24, 2025 A 0 0 0 $0
Mark P. Notarainni EVP, Consumer Group July 24, 2025 A 19 0 0 $0
Marianna Tessel EVP, GBSG July 24, 2025 A 42,125 0 0 $0
Laura A Fennell EVP, People and Places July 1, 2025 M 23,505 0 0 $0
James Alexander Chriss Executive Vice President Sept. 5, 2023 S 1,202 0 0 $0
Varun Krishna EVP, Consumer Group July 1, 2023 M 1,534 0 0 $0
Gregory N Johnson EVP, Consumer Group April 1, 2022 M 11,639 0 0 $0
Mark J Flournoy SVP, Chief Accounting Officer Dec. 31, 2021 M 534 0 0 $0
Henry Tayloe Stansbury EVP, Chief Technology Officer Dec. 21, 2018 M 1,890 0 0 $0
Daniel A Wernikoff EVP, Consumer Group July 1, 2018 M 9,521 0 0 $0
Dan Maurer SVP, Small Business July 1, 2014 M 20,799 0 0 $0
Jeffrey P Hank VP, Chief Accounting Officer Sept. 25, 2013 M 925 0 0 $0
Kiran M Patel EVP, Small Business Group Sept. 1, 2013 M 61,149 0 0 $0
Rick W Jensen SVP, Small Business Group Aug. 11, 2008 A 3,574 0 0 $0
Peter J Karpas SVP, Quicken Health Group Nov. 28, 2007 M 3,634 0 0 $0
Jeffrey E Stiefler SVP,Financial Institutions Div Aug. 24, 2007 A · 0 0 $0
Caroline F Donahue SVP, Sales Aug. 24, 2007 A 604 0 0 $0
ROBERT BRADSHAW HENSKE SVP, Consumer Tax Group May 19, 2007 M 12,364 0 0 $0
Richard William Ihrie SVP and CTO Aug. 25, 2006 A 200 0 0 $0
Mark F Schar SVP & Chief Marketing Officer March 6, 2006 A 3,000 0 0 $0
Daniel J Levin VP, Product Management Sept. 8, 2005 M 3,000 0 0 $0
Raymond G Stern SVP, Strategy March 15, 2005 A · 0 0 $0
Karl K Grass VP and GM, Professional Tax Feb. 9, 2005 A · 0 0 $0
Dorothy D Hayes VP, Corp. Controller July 30, 2004 A · 0 0 $0
Lorrie M Norrington Executive Vice President June 15, 2004 A · 0 0 $0
Jill A Ward VP Vertical Bus Mgmt Solution March 22, 2004 A · 0 0 $0
Dennis Adsit SVP, Operations March 15, 2004 A · 0 0 $0
Daniel L Manack SVP, Prof. Accting. Solutions Feb. 13, 2004 M 362 0 0 $0
Thomas A Allanson SVP, Consumer Tax Group Feb. 2, 2004 M 2,019 0 0 $0
Nicholas J Spaeth SVP, Gen Counsel and Secretary Dec. 15, 2003 A · 0 0 $0
Jennifer Hall Vice President and CIO Aug. 1, 2003 A · 0 0 $0
Richard L Dalzell Director Sept. 8, 2026 S 11,531 0 12 $-1,648,982
William R Mcdermott Director Aug. 3, 2026 A · 0 0 $0
Adena T Friedman Director Aug. 3, 2026 A · 0 0 $0
Thomas J Szkutak Director July 30, 2026 M 5,720 0 0 $0
Eve B Burton Director July 25, 2026 M 1,964 0 0 $0
Tekedra Mawakana Director July 24, 2026 A 888 0 0 $0
Deborah Liu Director July 24, 2026 A 2,656 0 0 $0
Forrest Eugene Norrod Director July 24, 2026 A · 0 0 $0
Vasant M Prabhu Director May 26, 2026 P 1,750 2 0 $541,667
Eric S. Yuan Director Jan. 23, 2026 A · 0 0 $0
Raul Vazquez Director Jan. 23, 2026 A 1,406 0 0 $0
Ryan Roslansky Director Jan. 22, 2026 M 1,294 0 0 $0
Johnson Suzanne M Nora Director Jan. 22, 2026 M 42,915 0 0 $0
Scott D Cook Director Jan. 8, 2026 G 5,637,432 0 99 $-327,541,976
Brad D Smith Director Jan. 18, 2023 J 408,302 0 0 $0
Jeff Weiner Director Jan. 18, 2023 M 29,581 0 0 $0
Dennis D Powell Director Jan. 18, 2023 M 11,308 0 0 $0
Diane B Greene Director Jan. 18, 2018 M 34,984 0 0 $0
Edward A Kangas Director Jan. 21, 2016 M 16,732 0 0 $0
William V Campbell Director Jan. 23, 2015 A 84,005 0 0 $0
BRODY CHRISTOPHER W Director Jan. 21, 2015 M 310,022 0 0 $0
Michael R Hallman Director Jan. 19, 2012 M 191,886 0 0 $0
David H Batchelder Director Jan. 1, 2012 M 12,230 0 0 $0
Stratton D Sclavos Director Dec. 16, 2009 A 0 0 0 $0
Stephen M Bennett Director Oct. 22, 2009 M 0 0 0 $0
DOERR L JOHN Director Dec. 12, 2007 A 499,062 0 0 $0
Donna L Dubinsky Director Feb. 24, 2006 A · 0 0 $0
Alexander M Lintner · Aug. 22, 2008 A 6,858 0 0 $0

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

ETF ownership Held by 197 ETFs

20

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
NRSH · Tidal Trust I 4.14% 3,934 NS July 31, 2026 N-PORT
IGV · iShares Trust 2.97% 1,265,875 SH Sept. 11, 2026 Daily
SMRI · EA Series Trust 2.23% 45,400 NS July 31, 2026 N-PORT
FGSI · First Trust Exchange-Traded Fund IV 2.12% 139 NS July 31, 2026 N-PORT
PNQI · Invesco Exchange-Traded Fund Trust 2.08% 39,001 SH Oct. 2, 2026 Daily
COWZ · Pacer Funds Trust 2.04% 1,204,682 NS July 31, 2026 N-PORT
FLAG · Global X Funds 1.97% 106 NS July 31, 2026 N-PORT
TDVI · First Trust Exchange-Traded Fund IV 1.90% 31,556 NS July 31, 2026 N-PORT
ABOT · Abacus FCF ETF Trust 1.83% 234 NS July 31, 2026 N-PORT
CVGD · Elevation Series Trust 1.68% 7,383 NS July 31, 2026 N-PORT
CVAR · ETF Opportunities Trust 1.67% 2,265 NS July 31, 2026 N-PORT
BKCG · BNY Mellon ETF Trust II 1.66% 6,308 NS July 31, 2026 N-PORT
QNXT · iShares Trust 1.64% 1,430 SH Sept. 11, 2026 Daily
RILA · Spinnaker ETF Series 1.48% 1,978 NS July 31, 2026 N-PORT
FXL · First Trust Exchange-Traded AlphaDE… 1.20% 97,750 NS July 31, 2026 N-PORT
RSPT · Invesco Exchange-Traded Fund Trust 1.16% 252,946 SH Oct. 2, 2026 Daily
SPGP · Invesco Exchange-Traded Fund Trust 1.15% 82,814 SH Oct. 2, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND 1.14% 20,643 SH Aug. 19, 2026 Daily
QQQE · Direxion Shares ETF Trust 0.97% 40,999 NS July 31, 2026 N-PORT
EQWL · Invesco Exchange-Traded Fund Trust 0.92% 89,786 SH Oct. 2, 2026 Daily
EQIN · Columbia ETF Trust I 0.90% 8,696 NS July 31, 2026 N-PORT
VFVA · VANGUARD WELLINGTON FUND 0.75% 24,239 SH Aug. 19, 2026 Daily
HAPI · Harbor ETF Trust 0.75% 11,615 NS July 31, 2026 N-PORT
QQQG · Pacer Funds Trust 0.74% 480 NS July 31, 2026 N-PORT
TRFM · ETF Series Solutions 0.74% 5,817 NS July 31, 2026 N-PORT
NUDV · Nushares ETF Trust 0.65% 1,039 NS July 31, 2026 N-PORT
ESMV · iShares Trust 0.60% 150 SH Sept. 11, 2026 Daily
QDF · FlexShares Trust 0.60% 42,011 NS July 31, 2026 N-PORT
LCOW · Pacer Funds Trust 0.59% 481 NS July 31, 2026 N-PORT
HEQQ · J.P. Morgan Exchange-Traded Fund Tr… 0.57% 542 NS July 31, 2026 N-PORT
ESLG · Strategy Shares 0.57% 421 NS July 31, 2026 N-PORT
TECB · iShares Trust 0.55% 8,755 SH Sept. 11, 2026 Daily
BIGY · Tidal Trust II 0.54% 930 NS July 31, 2026 N-PORT
USMV · iShares Trust 0.54% 409,316 SH Sept. 11, 2026 Daily
QUAL · iShares Trust 0.53% 788,716 SH Sept. 11, 2026 Daily
QDEF · FlexShares Trust 0.51% 8,856 NS July 31, 2026 N-PORT
INFO · Harbor ETF Trust 0.50% 13,398 NS July 31, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.45% 693 NS July 31, 2026 N-PORT
IYW · iShares Trust 0.42% 335,237 SH Sept. 11, 2026 Daily
TECL · Direxion Shares ETF Trust 0.42% 67,560 NS July 31, 2026 N-PORT
QYLD · Global X Funds 0.40% 103,377 NS July 31, 2026 N-PORT
VFMF · VANGUARD WELLINGTON FUND 0.40% 10,761 SH Aug. 19, 2026 Daily
QTR · Global X Funds 0.40% 96 NS July 31, 2026 N-PORT
PTNQ · Pacer Funds Trust 0.40% 14,968 NS July 31, 2026 N-PORT
QYLG · Global X Funds 0.40% 1,982 NS July 31, 2026 N-PORT
QCLR · Global X Funds 0.39% 41 NS July 31, 2026 N-PORT
QRMI · Global X Funds 0.39% 177 NS July 31, 2026 N-PORT
LRND · New York Life Investments ETF Trust 0.39% 4,911 NS July 31, 2026 N-PORT
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 10,233 NS July 31, 2026 N-PORT
QQWZ · Pacer Funds Trust 0.39% 622 NS July 31, 2026 N-PORT
IGM · iShares Trust 0.39% 130,397 SH Sept. 11, 2026 Daily
COWG · Pacer Funds Trust 0.39% 26,926 NS July 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.38% 237,496 NS July 31, 2026 N-PORT
EVUS · iShares Trust 0.36% 4,427 SH Sept. 11, 2026 Daily
QSIX · Pacer Funds Trust 0.36% 211 NS July 31, 2026 N-PORT
QLC · FlexShares Trust 0.36% 11,648 NS July 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.35% 1,689 NS July 31, 2026 N-PORT
ESUM · Strategy Shares 0.35% 1,990 NS July 31, 2026 N-PORT
USXF · iShares Trust 0.34% 16,251 SH Sept. 11, 2026 Daily
QQQM · Invesco Exchange-Traded Fund Trust … 0.32% 1,258,495 SH Oct. 2, 2026 Daily
QQQ · Invesco QQQ Trust, Series 1 0.32% 5,729,107 SH Oct. 2, 2026 Daily
JOYT · J.P. Morgan Exchange-Traded Fund Tr… 0.32% 981 NS July 31, 2026 N-PORT
IXN · iShares Trust 0.32% 94,437 SH Sept. 11, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.32% 81,902 NS July 31, 2026 N-PORT
VIG · VANGUARD SPECIALIZED FUNDS 0.31% 1,562,358 SH Aug. 19, 2026 Daily
LGDX · Tidal Trust III 0.30% 1,345 NS July 31, 2026 N-PORT
MGK · VANGUARD WORLD FUND 0.29% 374,365 SH Aug. 19, 2026 Daily
VGT · VANGUARD WORLD FUND 0.29% 1,914,687 SH Aug. 19, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.29% 7,791 SH Oct. 2, 2026 Daily
DGRO · iShares Trust 0.29% 391,587 SH Sept. 11, 2026 Daily
ROUS · Lattice Strategies Trust 0.28% 6,363 NS July 31, 2026 N-PORT
TYLG · Global X Funds 0.28% 129 NS July 31, 2026 N-PORT
VEGN · ETF Series Solutions 0.28% 1,591 NS July 31, 2026 N-PORT
EGLE · Global X Funds 0.27% 19 NS July 31, 2026 N-PORT
FLRG · FIDELITY COVINGTON TRUST 0.27% 2,499 NS July 31, 2026 N-PORT
SUSA · iShares Trust 0.26% 33,146 SH Sept. 11, 2026 Daily
SUSL · iShares Trust 0.25% 9,678 SH Sept. 11, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.24% 2,537 NS July 31, 2026 N-PORT
OEI · Listed Funds Trust 0.24% 358 NS July 31, 2026 N-PORT
ILCV · iShares Trust 0.24% 10,428 SH Sept. 11, 2026 Daily
DYNF · BlackRock ETF Trust 0.24% 321,727 SH Sept. 11, 2026 Daily
DSI · iShares Trust 0.24% 41,807 SH Sept. 11, 2026 Daily
AQLT · iShares Trust 0.24% 2,453 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.23% 2,455 NS July 31, 2026 N-PORT
PABU · iShares Trust 0.23% 18,035 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.22% 41,299 NS July 31, 2026 N-PORT
ESLV · Strategy Shares 0.22% 100 NS July 31, 2026 N-PORT
IWX · iShares Trust 0.21% 26,728 SH Sept. 11, 2026 Daily
ACWV · iShares, Inc. 0.20% 21,908 SH Sept. 11, 2026 Daily
GLBL · Pacer Funds Trust 0.20% 7 NS July 31, 2026 N-PORT
MPLY · Strategy Shares 0.20% 99 NS July 31, 2026 N-PORT
PFIG · Invesco Exchange-Traded Fund Trust … 0.19% 245,000 Oct. 2, 2026 Daily
HELO · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 27,257 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.18% 621,597 SH Oct. 2, 2026 Daily
OEF · iShares Trust 0.18% 116,670 SH Sept. 11, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.18% 30,109 SH Oct. 2, 2026 Daily
EUSA · iShares, Inc. 0.18% 10,765 SH Sept. 11, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.17% 6,103,000 Oct. 2, 2026 Daily
ESGU · iShares Trust 0.17% 98,666 SH Sept. 11, 2026 Daily
MGV · VANGUARD WORLD FUND 0.17% 85,961 SH Aug. 19, 2026 Daily
NULC · Nushares ETF Trust 0.17% 373 NS July 31, 2026 N-PORT
IUS · Invesco Exchange-Traded Self-Indexe… 0.16% 5,531 SH Oct. 2, 2026 Daily
TOPC · iShares Trust 0.16% 169 SH Sept. 11, 2026 Daily
USCL · iShares Trust 0.16% 14,477 SH Sept. 11, 2026 Daily
FYEE · Fidelity Greenwood Street Trust 0.16% 1,103 NS July 31, 2026 N-PORT
IWD · iShares Trust 0.16% 412,154 SH Sept. 11, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.15% 9,035 SH Oct. 2, 2026 Daily
GLOF · iShares Trust 0.15% 979 SH Sept. 11, 2026 Daily
LRGF · iShares Trust 0.15% 17,712 SH Sept. 11, 2026 Daily
IWL · iShares Trust 0.15% 10,555 SH Sept. 11, 2026 Daily
XVV · iShares Trust 0.15% 3,175 SH Sept. 11, 2026 Daily
CATH · Global X Funds 0.14% 5,886 NS July 31, 2026 N-PORT
SIZE · iShares Trust 0.14% 1,931 SH Sept. 11, 2026 Daily
DFUV · Dimensional ETF Trust 0.14% 68,777 NS July 31, 2026 N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS 0.14% 111,937 SH Aug. 19, 2026 Daily
MGC · VANGUARD WORLD FUND 0.14% 54,912 SH Aug. 19, 2026 Daily
WRND · New York Life Investments ETF Trust 0.14% 46 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.14% 14,145 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.14% 216 NS July 31, 2026 N-PORT
IVW · iShares Trust 0.14% 330,300 SH Sept. 11, 2026 Daily
CHRI · Global X Funds 0.13% 34 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.13% 13,635 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.13% 15 NS July 31, 2026 N-PORT
ACIO · ETF Series Solutions 0.13% 9,850 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.13% 268 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.13% 3,485,591 SH Sept. 11, 2026 Daily
ADME · ETF Series Solutions 0.13% 1,225 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 36,966 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.13% 20 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.13% 24 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.13% 4,534 NS July 31, 2026 N-PORT
VTV · VANGUARD INDEX FUNDS 0.13% 1,302,386 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.13% 1,123 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.13% 22,463 NS July 31, 2026 N-PORT
IUSG · iShares Trust 0.13% 136,352 SH Sept. 11, 2026 Daily
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.13% 1,852 NS July 31, 2026 N-PORT
IVE · iShares Trust 0.13% 201,918 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.13% 5,193 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.13% 1,044 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.12% 11,901 SH Sept. 11, 2026 Daily
QDPL · Pacer Funds Trust 0.12% 6,654 NS July 31, 2026 N-PORT
IWB · iShares Trust 0.12% 187,511 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.12% 106,195 SH Sept. 11, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.12% 61,163 SH Aug. 19, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.12% 1,628 SH Oct. 2, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.12% 3,731,000 Oct. 2, 2026 Daily
ITOT · iShares Trust 0.12% 359,127 SH Sept. 11, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.12% 47,392 SH Oct. 2, 2026 Daily
IWV · iShares Trust 0.12% 75,002 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.11% 7,742 NS July 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.11% 5,256,000 Oct. 2, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.11% 7,182,112 SH Aug. 19, 2026 Daily
VUG · VANGUARD INDEX FUNDS 0.11% 1,668,122 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.11% 319,470 SH Aug. 19, 2026 Daily
VOOG · VANGUARD ADMIRAL FUNDS 0.11% 115,180 SH Aug. 19, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.11% 28,002 SH Aug. 19, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.11% 1,929 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.10% 36,287 SH Oct. 2, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.10% 21,619 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.10% 761 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.10% 8,685,629 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.10% 44,631 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.10% 22,786 SH Aug. 19, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.10% 34,155 SH Oct. 2, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.10% 215 SH Oct. 2, 2026 Daily
URTH · iShares, Inc. 0.10% 24,930 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.09% 62,470 NS July 31, 2026 N-PORT
IWY · iShares Trust 0.09% 46,802 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.09% 1,546 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.08% 87,081 SH Sept. 11, 2026 Daily
IWF · iShares Trust 0.08% 320,204 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.08% 31,812 NS July 31, 2026 N-PORT
CRBN · iShares Trust 0.08% 2,987 SH Sept. 11, 2026 Daily
PWS · Pacer Funds Trust 0.07% 57 NS July 31, 2026 N-PORT
VONG · VANGUARD SCOTTSDALE FUNDS 0.07% 134,184 SH Aug. 19, 2026 Daily
PEVC · Pacer Funds Trust 0.07% 5 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.06% 227,209 SH Aug. 19, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.06% 1,617 SH Oct. 2, 2026 Daily
HDUS · Lattice Strategies Trust 0.05% 347 NS July 31, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.05% 10,403 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.05% 70,566 NS July 31, 2026 N-PORT
IETC · iShares U.S. ETF Trust 0.01% 244 SH Sept. 11, 2026 Daily
NULV · Nushares ETF Trust 0.01% 543 NS July 31, 2026 N-PORT
DFVX · Dimensional ETF Trust 0.00% 74 NS July 31, 2026 N-PORT
FBCG · FIDELITY COVINGTON TRUST 0.00% 32 NS July 31, 2026 N-PORT
VXUS · VANGUARD STAR FUNDS 0.00% 14,406,415 SH Aug. 19, 2026 Daily
IFGL · iShares Trust 0.00% 6,694 SH Aug. 19, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
VCEB · VANGUARD WORLD FUND · · July 30, 2026 Daily

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

21
rating · 42 analysts BUY
Median target $400.00 +42.3%
9 21.4% Strong Buy
15 35.7% Buy
16 38.1% Hold
2 4.8% Sell
0 0.0% Strong Sell

12-Month Price Target

31 analysts · 2026-10-03

Mean target $405.60 +44.3%

← Below all targets Current price $281.08
Low$290.00 Mean$405.60 High$732.00

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

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
INTU $84.83B 19.2 13.9% 21.3% 24.0% ·
DDOG $47.94B 438.7 27.7% 3.1% 3.1% 80.0%
CDNS $84.96B 77.0 14.1% 20.9% 21.2% ·
SNPS $84.41B 56.4 15.1% 18.9% 7.1% 77.0%
ADBE $132.21B 19.2 10.5% 30.0% 61.8% 89.3%
APP $227.96B 69.1 70.0% 60.8% 201.9% ·
MSTR · -10.0 3.0% -806.3% -8.4% 68.7%
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%
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%

Latest News Recent headlines mentioning this company

23

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

24
Panel Verdict NEUTRAL Confidence 0.70 4 of 4 reported forecast spread ·

Intuit remains a dominant software powerhouse, but its premium valuation leaves little room for error against rising AI competition. Gemini and Grok highlighted the company's 79.89% gross margin as evidence of an unbreakable moat, while Claude warned that AI-driven tax commoditization could erode that pricing power. The panel split on whether the current 44.76 P/E is a fair price for growth or a dangerous bubble, ultimately converging on a cautious hold as the firm navigates a shifting regula...

Round 1 — Opening Takes

Grok NEUTRAL
Confidence 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
Confidence 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
Confidence 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
Confidence 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

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

Round 3 — Final Rebuttals

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.

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.

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.

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
Grok $760.00 $785.00 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.
Claude $720.00 $765.00 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.
Gemini $665.00 $710.00 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.
Chatgpt $660.00 $700.00 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.

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Source: SEC 10-K filed Sep 9, 2026