INTU Intuit Inc. - Common Stock
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| Data ex-dividendo | Split | Tipo |
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| 07 Luglio 2006 | 2-for-1 | Avanti |
| 01 Ottobre 1999 | 3-for-1 | Avanti |
| 22 Agosto 1995 | 2-for-1 | Avanti |
Informazioni su Intuit Inc. - Common Stock Panoramica della società da Wikipedia
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.
Fonte: Wikipedia (Inglese), CC BY-SA 4.0 · Vedi su Wikipedia ↗
Performance decennale Andamento di ricavi, utile netto, margini e EPS
Valutazione Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?
| Metrica | Tendenza 5 anni | INTU | media 5 anni | Mediana dei peer | Verdetto |
|---|---|---|---|---|---|
| P/E (TTM) | 17.1media 5 anni ≈52.4 | ≈52.4 | 36.0 | Sottovalutato | |
| P/S (TTM) | 3.5media 5 anni ≈9.4 | ≈9.4 | 7.7 | Sottovalutato | |
| P/B (MRQ) | 4.0media 5 anni ≈8.3 | ≈8.3 | 12.4 | Sottovalutato | |
| Prezzo / FCF (TTM) | 8.7media 5 anni ≈34.6 | ≈34.6 | · | · | |
| Prezzo / Flusso di cassa (TTM) | 8.5media 5 anni ≈28.7 | ≈28.7 | 33.8 | Sottovalutato | |
| EV / Revenue (EV / Ricavi) | 3.7media 5 anni ≈9.6 | ≈9.6 | · | · | |
| Prezzo / Valore contabile tangibile (MRQ) | 5.3 | · | · | · | |
| PEG Ratio | ≈1.0 | · | · | · |
La mediana dei peer viene calcolata su base standardizzata per metrica e potrebbe non corrispondere sempre alla base TTM/MRQ mostrata per questo titolo.
Redditività Margini lordi, operativi e netti; ROE, ROA, ROIC
| Metrica | Tendenza 5 anni | INTU | media 5 anni | Mediana dei peer | Verdetto |
|---|---|---|---|---|---|
| Margine Operativo (TTM) | 27.4%media 5 anni ≈23.6% | ≈23.6% | 28.1% | Debole | |
| EBITDA Margin (Margine EBITDA) | 27.4%media 5 anni ≈23.6% | ≈23.6% | 28.1% | Debole | |
| Margine ante imposte (TTM) | 28.1%media 5 anni ≈23.3% | ≈23.3% | 30.6% | Debole | |
| Margine di Profitto Netto (TTM) | 21.3%media 5 anni ≈18.6% | ≈18.6% | 23.9% | Debole | |
| ROA (TTM) | 12.4%media 5 anni ≈10.3% | ≈10.3% | 10.6% | Di prim'ordine | |
| ROE (TTM) | 23.6%media 5 anni ≈17.3% | ≈17.3% | 22.6% | In linea | |
| ROIC | 16.8%media 5 anni ≈12.8% | ≈12.8% | 17.8% | In linea |
Salute finanziaria Debito, liquidità, solvibilità — solidità del bilancio
| Metrica | Tendenza 5 anni | INTU | media 5 anni | Mediana dei peer | Verdetto |
|---|---|---|---|---|---|
| Debt / Equity (Debito / Patrimonio Netto) | 0.4media 5 anni ≈0.4 | ≈0.4 | 0.4 | In linea | |
| Rapporto corrente (MRQ) | 1.5media 5 anni ≈1.4 | ≈1.4 | 1.4 | In linea | |
| Quick Ratio | 0.5media 5 anni ≈0.6 | ≈0.6 | 0.8 | Bassa liquidità | |
| Debito a lungo termine / Patrimonio netto (MRQ) | 0.3media 5 anni ≈0.3 | ≈0.3 | 0.3 | In linea |
Crescita Crescita di ricavi, EPS e utile netto: YoY, CAGR 3Y, CAGR 5Y
| Metrica | Tendenza 5 anni | INTU | media 5 anni | Mediana dei peer | Verdetto |
|---|---|---|---|---|---|
| Revenue YoY (Ricavi YoY) | 13.9%media 5 anni ≈17.6% | ≈17.6% | · | · | |
| Revenue CAGR 3Y (CAGR Ricavi 3Y) | 14.3%media 5 anni ≈17.6% | ≈17.6% | · | · | |
| Revenue CAGR 5Y (CAGR Ricavi 5Y) | 17.4% | · | · | · | |
| EPS YoY | 20.4%media 5 anni ≈17.5% | ≈17.5% | · | · | |
| Net Income YoY (Utile Netto YoY) | 18.0%media 5 anni ≈17.7% | ≈17.7% | · | · | |
| EPS CAGR 3Y (CAGR EPS 3 anni) | 25.0%media 5 anni ≈16.6% | ≈16.6% | · | · | |
| EPS CAGR 5Y (CAGR EPS 5 anni) | 16.8% | · | · | · | |
| Net Income CAGR 3Y (CAGR Utile Netto 3 anni) | 24.2%media 5 anni ≈17.4% | ≈17.4% | · | · | |
| Net Income CAGR 5Y (CAGR Utile Netto 5 anni) | 17.2% | · | · | · |
Efficienza del Capitale Rotazione delle attività, rotazione delle scorte, rotazione dei crediti
| Metrica | Tendenza 5 anni | INTU | media 5 anni | Mediana dei peer | Verdetto |
|---|---|---|---|---|---|
| Asset Turnover (Rotazione delle attività) | 0.6media 5 anni ≈0.6 | ≈0.6 | 0.6 | In linea | |
| Receivables Turnover (Rotazione dei crediti) | 37.1media 5 anni ≈35.5 | ≈35.5 | 5.8 | Di prim'ordine | |
| Revenue / Employee (Ricavi / Dipendente) | ≈$1.2M | · | · | · |
valore · ≈ media 5 anni · mediana del settore · giudizio rispetto alla mediana
Dividendi Rendimento, payout ratio, storico dividendi, CAGR 5Y
| Data ex-dividendo | Importo | Valuta | Rendimento |
|---|---|---|---|
| Lug 9, 2026 | $1,20 | USD | ≈1.8% |
| Apr 9, 2026 | $1,20 | USD | ≈1.3% |
| Gen 9, 2026 | $1,20 | USD | ≈0.69% |
| Ott 9, 2025 | $1,20 | USD | ≈0.67% |
| Lug 10, 2025 | $1,04 | USD | ≈0.56% |
| Apr 10, 2025 | $1,04 | USD | ≈0.70% |
| Gen 10, 2025 | $1,04 | USD | ≈0.62% |
| Ott 10, 2024 | $1,04 | USD | ≈0.60% |
| Lug 10, 2024 | $0,90 | USD | ≈0.57% |
| Apr 9, 2024 | $0,90 | USD | ≈0.54% |
| Gen 9, 2024 | $0,90 | USD | ≈0.56% |
| Ott 5, 2023 | $0,90 | USD | ≈0.63% |
| Lug 7, 2023 | $0,78 | USD | ≈0.70% |
| Apr 6, 2023 | $0,78 | USD | ≈0.68% |
| Gen 9, 2023 | $0,78 | USD | ≈0.74% |
| Ott 6, 2022 | $0,78 | USD | ≈0.69% |
| Lug 8, 2022 | $0,68 | USD | ≈0.67% |
| Apr 8, 2022 | $0,68 | USD | ≈0.54% |
| Gen 7, 2022 | $0,68 | USD | ≈0.45% |
| Ott 7, 2021 | $0,68 | USD | ≈0.46% |
Cronologia utili EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili
| Periodo | Rapporto | EPS Actual | EPS Stimato | Sorpresa |
|---|---|---|---|---|
| 31 Dicembre 2026 | Ago 25, 2026 | $4.03 | $3.65 | 10.3% |
| 30 Settembre 2026 | Mag 20, 2026 | $4.03 | $3.65 | 10.3% |
| 30 Giugno 2026 | $12.80 | $12.82 | -0.17% | |
| 31 Marzo 2026 | $4.15 | $3.74 | 11.0% | |
| 31 Dicembre 2025 | $3.34 | $3.16 | 5.8% | |
| 30 Settembre 2025 | $2.75 | $2.71 | 1.3% | |
| 30 Giugno 2025 | $11.65 | $11.13 | 4.7% |
Fondamentali Completi Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario
Conto Economico
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 276,000,000 | 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 | |
| Shares (Diluted) | 277,000,000 | 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 | |
| EBITDA | $5.88B | $4.92B | $3.63B | $3.14B | $2.57B | $2.50B | $2.18B | $1.85B | $1.50B | $1.40B | $1.24B | $738M |
Stato Patrimoniale
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 268,384,000 | 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 |
Flusso di cassa
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Redditività
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
Liquidità e Solvibilità
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.4 | 1.3 | 1.5 | 1.4 | 1.9 | 2.3 | 1.8 | 1.1 | 0.7 | 0.7 | 1.5 | |
| Quick Ratio | 0.5 | 0.3 | 0.5 | 0.9 | 0.9 | 1.1 | 1.9 | 1.1 | 0.7 | 0.3 | 0.3 | 0.5 | |
| Debt / Equity | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.2 | 0.4 | · | · | · | · | · | |
| LT Debt / Equity | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.2 | 0.4 | · | · | · | · | · |
Efficienza
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.9 | 1.2 | 1.3 | 1.2 | 1.0 | 0.8 | |
| Receivables Turnover | 37.1 | 38.2 | 37.8 | 33.8 | 30.4 | 35.7 | 65.1 | 73.3 | 59.3 | 49.1 | 47.2 | 40.7 |
Per Azione
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Tassi di Crescita
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | · | · | · | · | · | · | · | · | · | · |
Valutazione (TTM)
| Metrica | Tendenza | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 19.2 | 57.4 | 62.1 | 60.8 | 62.7 | 70.1 | 44.3 | 47.1 | 40.1 | 36.3 | 30.1 | 82.6 | |
| P/S | 4.0 | 11.6 | 11.1 | 10.0 | 10.1 | 15.0 | 10.4 | 10.6 | 8.8 | 6.8 | 6.1 | 7.0 | |
| P/B | 4.5 | 11.1 | 9.8 | 8.3 | 7.8 | 14.7 | 15.7 | 19.2 | 22.4 | 25.9 | 24.7 | 12.6 | |
| P / Tangible Book | 229.9 | 512.0 | · | · | · | 144.2 | 23.4 | · | · | · | · | · | |
| P / Cash Flow | 9.6 | 35.3 | 37.1 | 28.4 | 33.1 | 44.6 | 33.2 | 31.0 | 25.0 | 21.9 | 20.4 | 19.5 | |
| P / FCF | · | 35.8 | 38.7 | 29.7 | 34.5 | 45.3 | 34.1 | 32.1 | 25.5 | 23.4 | 29.1 | 21.6 | |
| 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 | 4.1 | 11.8 | 11.3 | 10.2 | 10.4 | 15.0 | 9.9 | · | · | · | · | · | |
| 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 |
Conto Economico
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.35B | $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 | |
| R&D Expense | $857M | $840M | $836M | $843M | $801M | $707M | $716M | $704M | $725M | $671M | $678M | $680M | $680M | $604M | $630M | $625M | |
| SG&A Expense | $391M | $409M | $401M | $422M | $424M | $394M | $389M | $394M | $377M | $355M | $344M | $342M | $341M | $332M | $323M | $304M | |
| Operating Expenses | $3.88B | $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 | |
| Operating Income | $475M | $4.02B | $855M | $534M | $339M | $3.72B | $593M | $271M | $-151M | $3.10B | $369M | $307M | $17M | $2.78B | $270M | $76M | |
| Other Non-op | $135M | $97M | $72M | $85M | $86M | $32M | $38M | $2M | $71M | $27M | $42M | $22M | $46M | $22M | $23M | $5M | |
| Pretax Income | $540M | $4.05B | $869M | $561M | $366M | $3.68B | $571M | $213M | $-140M | $3.07B | $354M | $264M | $-5M | $2.73B | $228M | $32M | |
| Income Tax | $177M | $983M | $176M | $115M | $-15M | $864M | $100M | $16M | $-120M | $683M | $1M | $23M | $-94M | $647M | $60M | $-8M | |
| Net Income | $363M | $3.06B | $693M | $446M | $381M | $2.82B | $471M | $197M | $-20M | $2.39B | $353M | $241M | $89M | $2.09B | $168M | $40M | |
| EPS (Basic) | $1.34 | $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 | |
| EPS (Diluted) | $1.30 | $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 | |
| Shares (Basic) | · | 276,000,000 | 278,000,000 | 279,000,000 | · | 280,000,000 | 280,000,000 | 280,000,000 | · | 280,000,000 | 280,000,000 | 280,000,000 | · | 281,000,000 | 281,000,000 | 281,000,000 | |
| Shares (Diluted) | · | 276,000,000 | 280,000,000 | 281,000,000 | · | 282,000,000 | 283,000,000 | 283,000,000 | · | 284,000,000 | 284,000,000 | 283,000,000 | · | 283,000,000 | 282,000,000 | 284,000,000 | |
| EBITDA | · | $4.02B | $855M | $534M | · | $3.72B | $593M | $271M | · | $3.10B | $369M | $307M | · | $2.78B | $270M | $76M |
Stato Patrimoniale
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.71B | $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 | |
| Receivables | $625M | · | · | · | $530M | · | · | · | $457M | · | · | · | · | · | · | $384M | |
| Prepaid Expense | $677M | $680M | $1.24B | $630M | $496M | $512M | $845M | $407M | $366M | $337M | $345M | $388M | · | $574M | $391M | $324M | |
| Current Assets | $15.31B | $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) | $1.02B | $996M | $974M | $965M | $961M | $975M | $992M | $1.01B | $1.01B | $1.03B | $1.05B | $1.01B | · | $938M | $931M | $926M | |
| PP&E (Gross) | $2.40B | · | · | · | $2.36B | · | · | · | $2.37B | · | · | · | · | · | · | · | |
| Accum. Depreciation | $1.38B | · | · | · | $1.40B | · | · | · | $1.36B | · | · | · | · | · | · | · | |
| Goodwill | $13.98B | $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 | |
| Intangibles | $4.64B | $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 | $800M | $818M | $825M | $828M | $751M | $699M | $669M | $527M | $541M | $495M | $501M | $429M | · | $376M | $371M | $331M | |
| Total Assets | $36.79B | $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 | $873M | $1.10B | $946M | $670M | $792M | $1.00B | $1.04B | $652M | $721M | $886M | $789M | $630M | · | $921M | $811M | $670M | |
| Current Liabilities | $10.16B | $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 | $667M | $655M | $646M | $643M | $597M | $614M | $573M | $592M | $458M | $468M | $473M | $474M | · | $499M | $514M | $530M | |
| Deferred Tax | $239M | $76M | · | · | $20M | $11M | $10M | $11M | $3M | $3M | $3M | $3M | · | $190M | $320M | $588M | |
| Other Non-current Liabilities | $305M | $358M | $326M | $316M | $288M | $294M | $221M | $221M | $208M | $217M | $138M | $144M | · | $116M | $88M | $89M | |
| Total Liabilities | $17.79B | $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 | $7.67B | $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 | · | · | · | $3M | · | · | · | · | · | · | · | |
| Retained Earnings | $19.05B | $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 | $0 | $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 | $-57M | $-54M | $-49M | $-51M | $-50M | $-46M | $-64M | $-54M | $-54M | $-58M | $-60M | $-78M | · | $-61M | $-63M | $-87M | |
| Stockholders' Equity | $18.99B | $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 | |
| Liabilities + Equity | $36.79B | $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 | 268,384,000 | 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 |
Flusso di cassa
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $507M | $485M | $521M | $543M | $490M | $469M | $498M | $511M | $519M | $451M | $475M | $495M | $448M | $419M | $423M | $422M | |
| Deferred Tax | $129M | $1.01B | $79M | $58M | $-157M | $-51M | $-136M | $-91M | $-193M | $-51M | $-184M | $-126M | $-239M | $-99M | $-262M | $-28M | |
| Amort. of Intangibles | $121M | $122M | $121M | $121M | $121M | $120M | $120M | $120M | $123M | $120M | $120M | $120M | $121M | $120M | $121M | $121M | |
| Restructuring | $293M | $0 | $0 | $0 | $1M | $1M | $4M | $9M | $223M | $0 | $0 | $0 | · | · | · | · | |
| Operating Cash Flow | $1.33B | $5.30B | $1.57B | $637M | $381M | $4.39B | $1.07B | $362M | $417M | $3.95B | $613M | $-97M | $842M | $3.59B | $284M | $328M | |
| CapEx | $27M | $64M | $46M | $38M | $-15M | $35M | $31M | $33M | $-17M | $61M | $63M | $84M | $-10M | $88M | $55M | $77M | |
| Investing Cash Flow | $-312M | $-1.60B | $-700M | $1.20B | $-1.23B | $-416M | $-489M | $-188M | $-252M | $-219M | $34M | $210M | $-373M | $155M | $-448M | $-256M | |
| Net Debt Issued | · | · | · | · | · | · | · | $0 | · | · | · | $-4.20B | · | · | · | · | |
| Stock Repurchased | $2.07B | $1.55B | $933M | $854M | $746M | $752M | $717M | $557M | $281M | $572M | $551M | $584M | $472M | $478M | $507M | $510M | |
| Net Stock Activity | · | · | · | $-854M | · | · | · | $-557M | · | · | · | $-584M | · | · | · | $-510M | |
| Dividends Paid | $332M | $333M | $341M | $341M | $301M | $292M | $300M | $296M | $261M | $257M | $256M | $260M | $222M | $221M | $224M | $222M | |
| Financing Cash Flow | $-3.71B | $1.43B | $-1.04B | $-4.37B | $142M | $847M | $-3.26B | $761M | $454M | $-1.68B | $-16M | $849M | $-1.36B | $-1.55B | $-442M | $-913M | |
| Net Change in Cash | $-2.70B | $5.13B | $-160M | $-2.54B | $-703M | $4.84B | $-2.69B | $935M | $618M | $2.04B | $644M | $945M | $-898M | $2.20B | $-591M | $-857M | |
| Free Cash Flow | · | · | · | $599M | · | · | · | $329M | · | · | · | $-181M | · | · | · | $251M |
Redditività
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
Liquidità e Solvibilità
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Efficienza
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 Azione
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $1.20 | $1.20 | $1.20 | $1.20 | $1.04 | $1.04 | $1.04 | $1.04 | $0.90 | $0.90 | $0.90 | $0.90 | $0.78 | $0.78 | $0.78 | $0.78 | |
| Dividend Paid / Share | $1.20 | $1.20 | $1.20 | $1.20 | $1.04 | $1.04 | $1.04 | $1.04 | · | $0.90 | $0.90 | $0.90 | · | $0.78 | $0.78 | $0.78 | |
| EPS (TTM) | · | $16.44 | $15.37 | $14.56 | · | $12.30 | $10.70 | $10.28 | · | $10.82 | $9.78 | $9.13 | · | $7.95 | $6.85 | $6.60 |
Valutazione (TTM)
| Metrica | Tendenza | Q4 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $20.93B | $20.12B | $19.43B | · | $18.18B | $17.17B | $16.59B | · | $15.81B | $15.09B | $14.75B | · | $14.07B | $13.68B | $13.32B | |
| Net Income TTM | · | $4.58B | $4.34B | $4.12B | · | $3.47B | $3.04B | $2.92B | · | $3.07B | $2.77B | $2.58B | · | $2.24B | $1.95B | $1.88B | |
| 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 | · | 23.6 | 32.8 | 45.8 | · | 51.0 | 56.2 | 59.4 | · | 57.8 | 64.6 | 54.2 | · | 55.8 | 61.7 | 64.8 | |
| P/S | · | 5.1 | 7.0 | 9.6 | · | 9.6 | 9.8 | 10.3 | · | 11.1 | 11.7 | 9.4 | · | 8.8 | 8.7 | 9.0 | |
| 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 | |
| EV / Revenue | · | 5.2 | 7.1 | 9.7 | · | 9.7 | 10.0 | 10.5 | · | 11.2 | 12.0 | 9.7 | · | 9.0 | 9.1 | 9.4 | |
| Dividend Yield | · | 1.2% | 0.91% | 0.66% | · | 0.66% | 0.66% | 0.63% | · | 0.57% | 0.54% | 0.67% | · | 0.69% | 0.70% | 0.67% | |
| Earnings Yield | · | 4.2% | 3.0% | 2.2% | · | 2.0% | 1.8% | 1.7% | · | 1.7% | 1.6% | 1.8% | · | 1.8% | 1.6% | 1.5% | |
| Payout Ratio | · | · | · | 76.5% | · | · | · | 150.2% | · | · | · | 107.9% | · | · | · | 555.0% | |
| Annual Payout | · | $1.32B | $1.27B | $1.23B | · | $1.15B | $1.11B | $1.07B | · | $995M | $959M | $927M | · | $861M | $835M | $806M |
Periodo più recente a sinistra · valori nulli mostrati come ·
Bilanci Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni
| Metrica | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Ricavi | $21.45B | $18.83B | $16.29B | $14.37B | $12.73B |
| Margine Operativo % | 27.4% | 26.1% | 22.3% | 21.9% | 20.2% |
| Utile netto | $4.57B | $3.87B | $2.96B | $2.38B | $2.07B |
| EPS Diluito | $16.46 | $13.67 | $10.43 | $8.42 | $7.28 |
| Metrica | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Debito / Patrimonio Netto | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 |
| Rapporto corrente | 1.5 | 1.4 | 1.3 | 1.5 | 1.4 |
| Quick Ratio | 0.5 | 0.3 | 0.5 | 0.9 | 0.9 |
| Metrica | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Flusso di cassa libero | $8.66B | $6.12B | $4.69B | $4.84B | $3.73B |
Proprietari istituzionali (13F) 1.992 filer · $86.8B totale · Aggiornato al 30 Settembre 2026
Istituzioni che segnalano il possesso di questo titolo nel loro Modulo SEC 13F trimestrale. Solo posizioni lunghe; un singolo depositante può apparire due volte per diverse gambe di opzioni. Grandi posizioni put/call contrapposte riflettono tipicamente market-making o inventario coperto, non convinzione direzionale.
| Nuove posizioni | Posizioni chiuse | Aumentato | Diminuito | Variazione netta delle azioni |
|---|---|---|---|---|
| 192 (-76 vs trimestre precedente) | 412 (+2 vs trimestre precedente) | 646 (-190 vs trimestre precedente) | 805 (-1 vs trimestre precedente) | +9.0M |
Confrontato con Q1 2026. Le dichiarazioni SEC Form 13F sono dovute entro 45 giorni dalla fine del trimestre più un breve margine per i dichiaranti in ritardo — i trimestri ancora all'interno di questa finestra vengono saltati a favore della coppia più recente completamente riportata.
| Istituzione | Valore | Azioni | % di 13F tracciati | Tipo |
|---|---|---|---|---|
| VANGUARD GROUP INC | $19.156.151.700 | 28.918.438 | 22,06% | Azioni |
| BlackRock, Inc. | $6.851.859.422 | 26.252.335 | 7,89% | Azioni |
| VANGUARD CAPITAL MANAGEMENT LLC | $4.687.159.104 | 17.958.464 | 5,40% | Azioni |
| STATE STREET CORP | $3.468.555.324 | 13.289.484 | 4,00% | Azioni |
| Invesco Ltd. | $2.486.433.139 | 9.526.564 | 2,86% | Azioni |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.236.411.125 | 8.568.625 | 2,58% | Azioni |
| GEODE CAPITAL MANAGEMENT, LLC | $1.808.087.532 | 6.934.202 | 2,08% | Azioni |
| NORGES BANK | $1.403.079.885 | 5.375.785 | 1,62% | Azioni |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1.348.383.085 | 3.118.514 | 1,55% | Azioni |
| FIL Ltd | $1.325.324.070 | 5.077.870 | 1,53% | Azioni |
| MORGAN STANLEY | $1.288.206.789 | 4.935.654 | 1,48% | Azioni |
| JPMORGAN CHASE & CO | $1.280.981.328 | 4.808.487 | 1,48% | Azioni |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1.166.192.370 | 4.468.170 | 1,34% | Azioni |
| JANUS HENDERSON GROUP PLC | $848.043.579 | 1.961.343 | 0,98% | Azioni |
| NORTHERN TRUST CORP | $814.049.343 | 3.118.963 | 0,94% | Azioni |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $798.277.374 | 3.058.534 | 0,92% | Azioni |
| EAGLE CAPITAL MANAGEMENT LLC | $776.183.703 | 2.973.884 | 0,89% | Azioni |
| JANE STREET GROUP, LLC | $697.414.968 | 2.672.088 | 0,80% | Azioni |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $665.680.500 | 2.550.500 | 0,77% | Opzione Call |
| Ninety One UK Ltd | $618.051.517 | 2.368.014 | 0,71% | Azioni |
| BANK OF AMERICA CORP /DE/ | $589.840.767 | 2.259.926 | 0,68% | Azioni |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $569.149.650 | 2.180.650 | 0,66% | Azioni |
| Bank of New York Mellon Corp | $564.592.248 | 2.163.189 | 0,65% | Azioni |
| TWO SIGMA INVESTMENTS, LP | $564.153.327 | 2.161.507 | 0,65% | Azioni |
| D. E. Shaw & Co., Inc. | $557.367.849 | 2.135.509 | 0,64% | Azioni |
| Amundi | $555.505.092 | 2.128.372 | 0,64% | Azioni |
| UBS Group AG | $538.137.891 | 2.061.831 | 0,62% | Azioni |
| GOLDMAN SACHS GROUP INC | $534.021.831 | 2.046.061 | 0,62% | Azioni |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $502.920.900 | 1.926.900 | 0,58% | Opzione Put |
| Legal & General Group Plc | $498.798.410 | 1.911.105 | 0,57% | Azioni |
| FMR LLC | $455.622.198 | 1.745.678 | 0,52% | Azioni |
| DEUTSCHE BANK AG\ | $426.640.779 | 1.634.639 | 0,49% | Azioni |
| CITADEL ADVISORS LLC | $417.600.000 | 1.600.000 | 0,48% | Opzione Call |
| VANGUARD FIDUCIARY TRUST CO | $407.444.751 | 1.561.091 | 0,47% | Azioni |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $395.951.616 | 1.517.056 | 0,46% | Azioni |
| JANE STREET GROUP, LLC | $389.281.500 | 1.491.500 | 0,45% | Opzione Call |
| Unisphere Establishment | $387.585.000 | 1.485.000 | 0,45% | Azioni |
| AQR CAPITAL MANAGEMENT LLC | $383.037.956 | 1.467.579 | 0,44% | Azioni |
| Qube Research & Technologies Ltd | $354.975.921 | 1.360.061 | 0,41% | Azioni |
| VICTORY CAPITAL MANAGEMENT INC | $318.172.735 | 1.219.053 | 0,37% | Azioni |
| FEDERATED HERMES, INC. | $307.314.722 | 1.177.451 | 0,35% | Azioni |
| MILLENNIUM MANAGEMENT LLC | $297.709.650 | 1.140.650 | 0,34% | Azioni |
| PRIMECAP MANAGEMENT CO/CA/ | $289.727.487 | 1.110.067 | 0,33% | Azioni |
| GENERATION INVESTMENT MANAGEMENT LLP | $285.922.368 | 1.095.488 | 0,33% | Azioni |
| Nuveen, LLC | $274.461.212 | 1.051.576 | 0,32% | Azioni |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | $270.541.422 | 1.036.557 | 0,31% | Azioni |
| CITIGROUP INC | $262.091.644 | 1.004.183 | 0,30% | Azioni |
| CITADEL ADVISORS LLC | $258.155.100 | 989.100 | 0,30% | Opzione Put |
| DNB Asset Management AS | $250.092.027 | 958.207 | 0,29% | Azioni |
| Squarepoint Ops LLC | $242.040.177 | 927.357 | 0,28% | Azioni |
Attivisti e proprietari del 5%+ 1 partecipazione
Investitori che hanno depositato SEC Schedule 13D — proprietà effettiva superiore al 5% con l'intento di influenzare l'emittente (partecipazioni attiviste, campagne per il consiglio di amministrazione, M&A). Ogni riga mostra lo stato più recente noto della posizione di quel depositante.
| Depositante | Depositato | Partecipazione | Stato | Scopo | Deposito |
|---|---|---|---|---|---|
| Intuit Inc. ×4 depositi | 18 Gennaio 2008 | · | Deposito iniziale | · | 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.
Insider aziendali 68 insider · 40 dirigenti · 28 direttori
| Insider | Ruolo | Ultima attività | Azioni possedute | Acquisti 12m | Vendite 12m | Netto 12m |
|---|---|---|---|---|---|---|
| Sasan K Goodarzi | Chairman and CEO | 01 Settembre 2026 M | 31.020 | 0 | 2 | $-26.654.136 |
| Sandeep Aujla | EVP and CFO | 01 Settembre 2026 M | 6.742 | 0 | 4 | $-2.373.637 |
| Michelle M Clatterbuck | EVP and CFO | 03 Luglio 2023 S | 1.350 | 0 | 0 | $0 |
| Neil R Williams | EVP & CFO | 12 Settembre 2017 M | 3.785 | 0 | 0 | $0 |
| Tyler Ralph Cozzens | EVP, Gen. Counsel & Corp. Sec. | 01 Settembre 2026 M | 7.305 | 0 | 0 | $0 |
| Caryl Lyn Hilliard | EVP, People and Places | 01 Settembre 2026 M | 24.745 | 0 | 0 | $0 |
| Anton Hanebrink | EVP, Corp Strategy and Dev | 01 Settembre 2026 M | 33.525 | 0 | 0 | $0 |
| Lauren D Hotz | SVP, Chief Accounting Officer | 01 Settembre 2026 M | 2.584 | 0 | 2 | $-314.304 |
| Kerry J Mclean | EVP, Gen. Counsel & Corp. Sec. | 01 Luglio 2026 M | 29.517 | 0 | 0 | $0 |
| Alex G. Balazs | EVP, Chief Technology Officer | 24 Luglio 2025 A | 0 | 0 | 0 | $0 |
| Mark P. Notarainni | EVP, Consumer Group | 24 Luglio 2025 A | 19 | 0 | 0 | $0 |
| Marianna Tessel | EVP, GBSG | 24 Luglio 2025 A | 42.125 | 0 | 0 | $0 |
| Laura A Fennell | EVP, People and Places | 01 Luglio 2025 M | 23.505 | 0 | 0 | $0 |
| James Alexander Chriss | Executive Vice President | 05 Settembre 2023 S | 1.202 | 0 | 0 | $0 |
| Varun Krishna | EVP, Consumer Group | 01 Luglio 2023 M | 1.534 | 0 | 0 | $0 |
| Gregory N Johnson | EVP, Consumer Group | 01 Aprile 2022 M | 11.639 | 0 | 0 | $0 |
| Mark J Flournoy | SVP, Chief Accounting Officer | 31 Dicembre 2021 M | 534 | 0 | 0 | $0 |
| Henry Tayloe Stansbury | EVP, Chief Technology Officer | 21 Dicembre 2018 M | 1.890 | 0 | 0 | $0 |
| Daniel A Wernikoff | EVP, Consumer Group | 01 Luglio 2018 M | 9.521 | 0 | 0 | $0 |
| Dan Maurer | SVP, Small Business | 01 Luglio 2014 M | 20.799 | 0 | 0 | $0 |
| Jeffrey P Hank | VP, Chief Accounting Officer | 25 Settembre 2013 M | 925 | 0 | 0 | $0 |
| Kiran M Patel | EVP, Small Business Group | 01 Settembre 2013 M | 61.149 | 0 | 0 | $0 |
| Rick W Jensen | SVP, Small Business Group | 11 Agosto 2008 A | 3.574 | 0 | 0 | $0 |
| Peter J Karpas | SVP, Quicken Health Group | 28 Novembre 2007 M | 3.634 | 0 | 0 | $0 |
| Jeffrey E Stiefler | SVP,Financial Institutions Div | 24 Agosto 2007 A | · | 0 | 0 | $0 |
| Caroline F Donahue | SVP, Sales | 24 Agosto 2007 A | 604 | 0 | 0 | $0 |
| ROBERT BRADSHAW HENSKE | SVP, Consumer Tax Group | 19 Maggio 2007 M | 12.364 | 0 | 0 | $0 |
| Richard William Ihrie | SVP and CTO | 25 Agosto 2006 A | 200 | 0 | 0 | $0 |
| Mark F Schar | SVP & Chief Marketing Officer | 06 Marzo 2006 A | 3.000 | 0 | 0 | $0 |
| Daniel J Levin | VP, Product Management | 08 Settembre 2005 M | 3.000 | 0 | 0 | $0 |
| Raymond G Stern | SVP, Strategy | 15 Marzo 2005 A | · | 0 | 0 | $0 |
| Karl K Grass | VP and GM, Professional Tax | 09 Febbraio 2005 A | · | 0 | 0 | $0 |
| Dorothy D Hayes | VP, Corp. Controller | 30 Luglio 2004 A | · | 0 | 0 | $0 |
| Lorrie M Norrington | Executive Vice President | 15 Giugno 2004 A | · | 0 | 0 | $0 |
| Jill A Ward | VP Vertical Bus Mgmt Solution | 22 Marzo 2004 A | · | 0 | 0 | $0 |
| Dennis Adsit | SVP, Operations | 15 Marzo 2004 A | · | 0 | 0 | $0 |
| Daniel L Manack | SVP, Prof. Accting. Solutions | 13 Febbraio 2004 M | 362 | 0 | 0 | $0 |
| Thomas A Allanson | SVP, Consumer Tax Group | 02 Febbraio 2004 M | 2.019 | 0 | 0 | $0 |
| Nicholas J Spaeth | SVP, Gen Counsel and Secretary | 15 Dicembre 2003 A | · | 0 | 0 | $0 |
| Jennifer Hall | Vice President and CIO | 01 Agosto 2003 A | · | 0 | 0 | $0 |
| Richard L Dalzell | Direttore | 08 Settembre 2026 S | 11.531 | 0 | 12 | $-1.648.982 |
| William R Mcdermott | Direttore | 03 Agosto 2026 A | · | 0 | 0 | $0 |
| Adena T Friedman | Direttore | 03 Agosto 2026 A | · | 0 | 0 | $0 |
| Thomas J Szkutak | Direttore | 30 Luglio 2026 M | 5.720 | 0 | 0 | $0 |
| Eve B Burton | Direttore | 25 Luglio 2026 M | 1.964 | 0 | 0 | $0 |
| Tekedra Mawakana | Direttore | 24 Luglio 2026 A | 888 | 0 | 0 | $0 |
| Deborah Liu | Direttore | 24 Luglio 2026 A | 2.656 | 0 | 0 | $0 |
| Forrest Eugene Norrod | Direttore | 24 Luglio 2026 A | · | 0 | 0 | $0 |
| Vasant M Prabhu | Direttore | 26 Maggio 2026 P | 1.750 | 2 | 0 | $541.667 |
| Eric S. Yuan | Direttore | 23 Gennaio 2026 A | · | 0 | 0 | $0 |
| Raul Vazquez | Direttore | 23 Gennaio 2026 A | 1.406 | 0 | 0 | $0 |
| Ryan Roslansky | Direttore | 22 Gennaio 2026 M | 1.294 | 0 | 0 | $0 |
| Johnson Suzanne M Nora | Direttore | 22 Gennaio 2026 M | 42.915 | 0 | 0 | $0 |
| Scott D Cook | Direttore | 08 Gennaio 2026 G | 5.637.432 | 0 | 99 | $-327.541.976 |
| Brad D Smith | Direttore | 18 Gennaio 2023 J | 408.302 | 0 | 0 | $0 |
| Jeff Weiner | Direttore | 18 Gennaio 2023 M | 29.581 | 0 | 0 | $0 |
| Dennis D Powell | Direttore | 18 Gennaio 2023 M | 11.308 | 0 | 0 | $0 |
| Diane B Greene | Direttore | 18 Gennaio 2018 M | 34.984 | 0 | 0 | $0 |
| Edward A Kangas | Direttore | 21 Gennaio 2016 M | 16.732 | 0 | 0 | $0 |
| William V Campbell | Direttore | 23 Gennaio 2015 A | 84.005 | 0 | 0 | $0 |
| BRODY CHRISTOPHER W | Direttore | 21 Gennaio 2015 M | 310.022 | 0 | 0 | $0 |
| Michael R Hallman | Direttore | 19 Gennaio 2012 M | 191.886 | 0 | 0 | $0 |
| David H Batchelder | Direttore | 01 Gennaio 2012 M | 12.230 | 0 | 0 | $0 |
| Stratton D Sclavos | Direttore | 16 Dicembre 2009 A | 0 | 0 | 0 | $0 |
| Stephen M Bennett | Direttore | 22 Ottobre 2009 M | 0 | 0 | 0 | $0 |
| DOERR L JOHN | Direttore | 12 Dicembre 2007 A | 499.062 | 0 | 0 | $0 |
| Donna L Dubinsky | Direttore | 24 Febbraio 2006 A | · | 0 | 0 | $0 |
| Alexander M Lintner | · | 22 Agosto 2008 A | 6.858 | 0 | 0 | $0 |
Insider dai depositi SEC Modulo 3/4/5; netto = solo acquisti/vendite di mercato
Proprietà ETF Posseduti da 197 ETF
Il peso riflette solo le partecipazioni azionarie dirette (N-PORT); fondi a leva o basati su derivati possono detenere ulteriore esposizione swap non mostrata.
| Fondo | Peso | Unità | Aggiornato al | Fonte |
|---|---|---|---|---|
| NRSH · Tidal Trust I | 4,14% | 3.934 NS | 31 Luglio 2026 | N-PORT |
| IGV · iShares Trust | 2,97% | 1.265.875 SH | 11 Settembre 2026 | Giornaliero |
| SMRI · EA Series Trust | 2,23% | 45.400 NS | 31 Luglio 2026 | N-PORT |
| FGSI · First Trust Exchange-Traded Fund IV | 2,12% | 139 NS | 31 Luglio 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 2,04% | 1.204.682 NS | 31 Luglio 2026 | N-PORT |
| PNQI · Invesco Exchange-Traded Fund Trust | 2,02% | 39.001 SH | 01 Ottobre 2026 | Giornaliero |
| FLAG · Global X Funds | 1,97% | 106 NS | 31 Luglio 2026 | N-PORT |
| TDVI · First Trust Exchange-Traded Fund IV | 1,90% | 31.556 NS | 31 Luglio 2026 | N-PORT |
| ABOT · Abacus FCF ETF Trust | 1,83% | 234 NS | 31 Luglio 2026 | N-PORT |
| CVGD · Elevation Series Trust | 1,68% | 7.383 NS | 31 Luglio 2026 | N-PORT |
| CVAR · ETF Opportunities Trust | 1,67% | 2.265 NS | 31 Luglio 2026 | N-PORT |
| BKCG · BNY Mellon ETF Trust II | 1,66% | 6.308 NS | 31 Luglio 2026 | N-PORT |
| QNXT · iShares Trust | 1,64% | 1.430 SH | 11 Settembre 2026 | Giornaliero |
| RILA · Spinnaker ETF Series | 1,48% | 1.978 NS | 31 Luglio 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1,20% | 97.750 NS | 31 Luglio 2026 | N-PORT |
| RSPT · Invesco Exchange-Traded Fund Trust | 1,15% | 252.498 SH | 01 Ottobre 2026 | Giornaliero |
| VFQY · VANGUARD WELLINGTON FUND | 1,14% | 20.643 SH | 19 Agosto 2026 | Giornaliero |
| SPGP · Invesco Exchange-Traded Fund Trust | 1,12% | 82.862 SH | 01 Ottobre 2026 | Giornaliero |
| QQQE · Direxion Shares ETF Trust | 0,97% | 40.999 NS | 31 Luglio 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0,90% | 8.696 NS | 31 Luglio 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 0,90% | 89.786 SH | 01 Ottobre 2026 | Giornaliero |
| VFVA · VANGUARD WELLINGTON FUND | 0,75% | 24.239 SH | 19 Agosto 2026 | Giornaliero |
| HAPI · Harbor ETF Trust | 0,75% | 11.615 NS | 31 Luglio 2026 | N-PORT |
| QQQG · Pacer Funds Trust | 0,74% | 480 NS | 31 Luglio 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0,74% | 5.817 NS | 31 Luglio 2026 | N-PORT |
| NUDV · Nushares ETF Trust | 0,65% | 1.039 NS | 31 Luglio 2026 | N-PORT |
| ESMV · iShares Trust | 0,60% | 150 SH | 11 Settembre 2026 | Giornaliero |
| QDF · FlexShares Trust | 0,60% | 42.011 NS | 31 Luglio 2026 | N-PORT |
| LCOW · Pacer Funds Trust | 0,59% | 481 NS | 31 Luglio 2026 | N-PORT |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0,57% | 542 NS | 31 Luglio 2026 | N-PORT |
| ESLG · Strategy Shares | 0,57% | 421 NS | 31 Luglio 2026 | N-PORT |
| TECB · iShares Trust | 0,55% | 8.755 SH | 11 Settembre 2026 | Giornaliero |
| BIGY · Tidal Trust II | 0,54% | 930 NS | 31 Luglio 2026 | N-PORT |
| USMV · iShares Trust | 0,54% | 409.316 SH | 11 Settembre 2026 | Giornaliero |
| QUAL · iShares Trust | 0,53% | 788.716 SH | 11 Settembre 2026 | Giornaliero |
| QDEF · FlexShares Trust | 0,51% | 8.856 NS | 31 Luglio 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0,50% | 13.398 NS | 31 Luglio 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0,45% | 693 NS | 31 Luglio 2026 | N-PORT |
| IYW · iShares Trust | 0,42% | 335.237 SH | 11 Settembre 2026 | Giornaliero |
| TECL · Direxion Shares ETF Trust | 0,42% | 67.560 NS | 31 Luglio 2026 | N-PORT |
| QYLD · Global X Funds | 0,40% | 103.377 NS | 31 Luglio 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0,40% | 10.761 SH | 19 Agosto 2026 | Giornaliero |
| QTR · Global X Funds | 0,40% | 96 NS | 31 Luglio 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0,40% | 14.968 NS | 31 Luglio 2026 | N-PORT |
| QYLG · Global X Funds | 0,40% | 1.982 NS | 31 Luglio 2026 | N-PORT |
| QCLR · Global X Funds | 0,39% | 41 NS | 31 Luglio 2026 | N-PORT |
| QRMI · Global X Funds | 0,39% | 177 NS | 31 Luglio 2026 | N-PORT |
| LRND · New York Life Investments ETF Trust | 0,39% | 4.911 NS | 31 Luglio 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0,39% | 10.233 NS | 31 Luglio 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0,39% | 622 NS | 31 Luglio 2026 | N-PORT |
| IGM · iShares Trust | 0,39% | 130.397 SH | 11 Settembre 2026 | Giornaliero |
| COWG · Pacer Funds Trust | 0,39% | 26.926 NS | 31 Luglio 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0,38% | 237.496 NS | 31 Luglio 2026 | N-PORT |
| EVUS · iShares Trust | 0,36% | 4.427 SH | 11 Settembre 2026 | Giornaliero |
| QSIX · Pacer Funds Trust | 0,36% | 211 NS | 31 Luglio 2026 | N-PORT |
| QLC · FlexShares Trust | 0,36% | 11.648 NS | 31 Luglio 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0,35% | 1.689 NS | 31 Luglio 2026 | N-PORT |
| ESUM · Strategy Shares | 0,35% | 1.990 NS | 31 Luglio 2026 | N-PORT |
| USXF · iShares Trust | 0,34% | 16.251 SH | 11 Settembre 2026 | Giornaliero |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0,32% | 981 NS | 31 Luglio 2026 | N-PORT |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0,32% | 1.257.620 SH | 01 Ottobre 2026 | Giornaliero |
| QQQ · Invesco QQQ Trust, Series 1 | 0,32% | 5.713.456 SH | 01 Ottobre 2026 | Giornaliero |
| IXN · iShares Trust | 0,32% | 94.437 SH | 11 Settembre 2026 | Giornaliero |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0,32% | 81.902 NS | 31 Luglio 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0,31% | 1.562.358 SH | 19 Agosto 2026 | Giornaliero |
| LGDX · Tidal Trust III | 0,30% | 1.345 NS | 31 Luglio 2026 | N-PORT |
| MGK · VANGUARD WORLD FUND | 0,29% | 374.365 SH | 19 Agosto 2026 | Giornaliero |
| VGT · VANGUARD WORLD FUND | 0,29% | 1.914.687 SH | 19 Agosto 2026 | Giornaliero |
| DGRO · iShares Trust | 0,29% | 391.587 SH | 11 Settembre 2026 | Giornaliero |
| ROUS · Lattice Strategies Trust | 0,28% | 6.363 NS | 31 Luglio 2026 | N-PORT |
| TYLG · Global X Funds | 0,28% | 129 NS | 31 Luglio 2026 | N-PORT |
| VEGN · ETF Series Solutions | 0,28% | 1.591 NS | 31 Luglio 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0,28% | 7.791 SH | 01 Ottobre 2026 | Giornaliero |
| EGLE · Global X Funds | 0,27% | 19 NS | 31 Luglio 2026 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0,27% | 2.499 NS | 31 Luglio 2026 | N-PORT |
| SUSA · iShares Trust | 0,26% | 33.146 SH | 11 Settembre 2026 | Giornaliero |
| SUSL · iShares Trust | 0,25% | 9.678 SH | 11 Settembre 2026 | Giornaliero |
| IQSU · New York Life Investments ETF Trust | 0,24% | 2.537 NS | 31 Luglio 2026 | N-PORT |
| OEI · Listed Funds Trust | 0,24% | 358 NS | 31 Luglio 2026 | N-PORT |
| ILCV · iShares Trust | 0,24% | 10.428 SH | 11 Settembre 2026 | Giornaliero |
| DYNF · BlackRock ETF Trust | 0,24% | 321.727 SH | 11 Settembre 2026 | Giornaliero |
| DSI · iShares Trust | 0,24% | 41.807 SH | 11 Settembre 2026 | Giornaliero |
| AQLT · iShares Trust | 0,24% | 2.453 SH | 11 Settembre 2026 | Giornaliero |
| REVS · Columbia ETF Trust I | 0,23% | 2.455 NS | 31 Luglio 2026 | N-PORT |
| PABU · iShares Trust | 0,23% | 18.035 SH | 11 Settembre 2026 | Giornaliero |
| RECS · Columbia ETF Trust I | 0,22% | 41.299 NS | 31 Luglio 2026 | N-PORT |
| ESLV · Strategy Shares | 0,22% | 100 NS | 31 Luglio 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0,22% | 285.000 | 01 Ottobre 2026 | Giornaliero |
| IWX · iShares Trust | 0,21% | 26.728 SH | 11 Settembre 2026 | Giornaliero |
| ACWV · iShares, Inc. | 0,20% | 21.908 SH | 11 Settembre 2026 | Giornaliero |
| GLBL · Pacer Funds Trust | 0,20% | 7 NS | 31 Luglio 2026 | N-PORT |
| MPLY · Strategy Shares | 0,20% | 99 NS | 31 Luglio 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0,19% | 27.257 NS | 31 Luglio 2026 | N-PORT |
| OEF · iShares Trust | 0,18% | 116.670 SH | 11 Settembre 2026 | Giornaliero |
| RSP · Invesco Exchange-Traded Fund Trust | 0,18% | 623.025 SH | 01 Ottobre 2026 | Giornaliero |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0,18% | 30.205 SH | 01 Ottobre 2026 | Giornaliero |
| EUSA · iShares, Inc. | 0,18% | 10.765 SH | 11 Settembre 2026 | Giornaliero |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0,17% | 6.103.000 | 01 Ottobre 2026 | Giornaliero |
| ESGU · iShares Trust | 0,17% | 98.666 SH | 11 Settembre 2026 | Giornaliero |
| MGV · VANGUARD WORLD FUND | 0,17% | 85.961 SH | 19 Agosto 2026 | Giornaliero |
| NULC · Nushares ETF Trust | 0,17% | 373 NS | 31 Luglio 2026 | N-PORT |
| TOPC · iShares Trust | 0,16% | 169 SH | 11 Settembre 2026 | Giornaliero |
| USCL · iShares Trust | 0,16% | 14.477 SH | 11 Settembre 2026 | Giornaliero |
| FYEE · Fidelity Greenwood Street Trust | 0,16% | 1.103 NS | 31 Luglio 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0,16% | 5.521 SH | 01 Ottobre 2026 | Giornaliero |
| IWD · iShares Trust | 0,16% | 412.154 SH | 11 Settembre 2026 | Giornaliero |
| GLOF · iShares Trust | 0,15% | 979 SH | 11 Settembre 2026 | Giornaliero |
| LRGF · iShares Trust | 0,15% | 17.712 SH | 11 Settembre 2026 | Giornaliero |
| IWL · iShares Trust | 0,15% | 10.555 SH | 11 Settembre 2026 | Giornaliero |
| QVML · Invesco Exchange-Traded Fund Trust … | 0,15% | 8.999 SH | 01 Ottobre 2026 | Giornaliero |
| XVV · iShares Trust | 0,15% | 3.175 SH | 11 Settembre 2026 | Giornaliero |
| CATH · Global X Funds | 0,14% | 5.886 NS | 31 Luglio 2026 | N-PORT |
| SIZE · iShares Trust | 0,14% | 1.931 SH | 11 Settembre 2026 | Giornaliero |
| DFUV · Dimensional ETF Trust | 0,14% | 68.777 NS | 31 Luglio 2026 | N-PORT |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0,14% | 111.937 SH | 19 Agosto 2026 | Giornaliero |
| MGC · VANGUARD WORLD FUND | 0,14% | 54.912 SH | 19 Agosto 2026 | Giornaliero |
| WRND · New York Life Investments ETF Trust | 0,14% | 46 NS | 31 Luglio 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0,14% | 14.145 NS | 31 Luglio 2026 | N-PORT |
| XRMI · Global X Funds | 0,14% | 216 NS | 31 Luglio 2026 | N-PORT |
| IVW · iShares Trust | 0,14% | 330.300 SH | 11 Settembre 2026 | Giornaliero |
| CHRI · Global X Funds | 0,13% | 34 NS | 31 Luglio 2026 | N-PORT |
| XYLD · Global X Funds | 0,13% | 13.635 NS | 31 Luglio 2026 | N-PORT |
| XCLR · Global X Funds | 0,13% | 15 NS | 31 Luglio 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0,13% | 9.850 NS | 31 Luglio 2026 | N-PORT |
| XYLG · Global X Funds | 0,13% | 268 NS | 31 Luglio 2026 | N-PORT |
| IVV · iShares Trust | 0,13% | 3.485.591 SH | 11 Settembre 2026 | Giornaliero |
| ADME · ETF Series Solutions | 0,13% | 1.225 NS | 31 Luglio 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0,13% | 36.966 NS | 31 Luglio 2026 | N-PORT |
| XTR · Global X Funds | 0,13% | 20 NS | 31 Luglio 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0,13% | 24 NS | 31 Luglio 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0,13% | 4.534 NS | 31 Luglio 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0,13% | 1.302.386 SH | 19 Agosto 2026 | Giornaliero |
| TOV · EA Series Trust | 0,13% | 1.123 NS | 31 Luglio 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0,13% | 22.463 NS | 31 Luglio 2026 | N-PORT |
| IUSG · iShares Trust | 0,13% | 136.352 SH | 11 Settembre 2026 | Giornaliero |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0,13% | 1.852 NS | 31 Luglio 2026 | N-PORT |
| IVE · iShares Trust | 0,13% | 201.918 SH | 11 Settembre 2026 | Giornaliero |
| ILCB · iShares Trust | 0,13% | 5.193 SH | 11 Settembre 2026 | Giornaliero |
| SPUU · Direxion Shares ETF Trust | 0,13% | 1.044 NS | 31 Luglio 2026 | N-PORT |
| IYY · iShares Trust | 0,12% | 11.901 SH | 11 Settembre 2026 | Giornaliero |
| QDPL · Pacer Funds Trust | 0,12% | 6.654 NS | 31 Luglio 2026 | N-PORT |
| IWB · iShares Trust | 0,12% | 187.511 SH | 11 Settembre 2026 | Giornaliero |
| IUSV · iShares Trust | 0,12% | 106.195 SH | 11 Settembre 2026 | Giornaliero |
| ESGV · VANGUARD WORLD FUND | 0,12% | 61.163 SH | 19 Agosto 2026 | Giornaliero |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0,12% | 3.731.000 | 01 Ottobre 2026 | Giornaliero |
| ITOT · iShares Trust | 0,12% | 359.127 SH | 11 Settembre 2026 | Giornaliero |
| IWV · iShares Trust | 0,12% | 75.002 SH | 11 Settembre 2026 | Giornaliero |
| PBP · Invesco Exchange-Traded Fund Trust | 0,12% | 1.628 SH | 01 Ottobre 2026 | Giornaliero |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0,11% | 47.240 SH | 01 Ottobre 2026 | Giornaliero |
| TILT · FlexShares Trust | 0,11% | 7.742 NS | 31 Luglio 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0,11% | 5.198.000 | 01 Ottobre 2026 | Giornaliero |
| VOO · VANGUARD INDEX FUNDS | 0,11% | 7.182.112 SH | 19 Agosto 2026 | Giornaliero |
| VUG · VANGUARD INDEX FUNDS | 0,11% | 1.668.122 SH | 19 Agosto 2026 | Giornaliero |
| VV · VANGUARD INDEX FUNDS | 0,11% | 319.470 SH | 19 Agosto 2026 | Giornaliero |
| VOOG · VANGUARD ADMIRAL FUNDS | 0,11% | 115.180 SH | 19 Agosto 2026 | Giornaliero |
| VOOV · VANGUARD ADMIRAL FUNDS | 0,11% | 28.002 SH | 19 Agosto 2026 | Giornaliero |
| HCMT · Direxion Shares ETF Trust | 0,11% | 1.929 NS | 31 Luglio 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0,10% | 36.287 SH | 01 Ottobre 2026 | Giornaliero |
| SPXL · Direxion Shares ETF Trust | 0,10% | 21.619 NS | 31 Luglio 2026 | N-PORT |
| TOK · iShares Trust | 0,10% | 761 SH | 11 Settembre 2026 | Giornaliero |
| VTI · VANGUARD INDEX FUNDS | 0,10% | 8.685.629 SH | 19 Agosto 2026 | Giornaliero |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0,10% | 44.631 SH | 19 Agosto 2026 | Giornaliero |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0,10% | 22.786 SH | 19 Agosto 2026 | Giornaliero |
| RWL · Invesco Exchange-Traded Fund Trust … | 0,10% | 34.188 SH | 01 Ottobre 2026 | Giornaliero |
| PHDG · Invesco Actively Managed Exchange-T… | 0,10% | 215 SH | 01 Ottobre 2026 | Giornaliero |
| URTH · iShares, Inc. | 0,10% | 24.930 SH | 11 Settembre 2026 | Giornaliero |
| DFUS · Dimensional ETF Trust | 0,09% | 62.470 NS | 31 Luglio 2026 | N-PORT |
| IWY · iShares Trust | 0,09% | 46.802 SH | 11 Settembre 2026 | Giornaliero |
| DXUV · Dimensional ETF Trust | 0,09% | 1.546 NS | 31 Luglio 2026 | N-PORT |
| ACWI · iShares Trust | 0,08% | 87.081 SH | 11 Settembre 2026 | Giornaliero |
| IWF · iShares Trust | 0,08% | 320.204 SH | 11 Settembre 2026 | Giornaliero |
| DFAU · Dimensional ETF Trust | 0,08% | 31.812 NS | 31 Luglio 2026 | N-PORT |
| CRBN · iShares Trust | 0,08% | 2.987 SH | 11 Settembre 2026 | Giornaliero |
| PWS · Pacer Funds Trust | 0,07% | 57 NS | 31 Luglio 2026 | N-PORT |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0,07% | 134.184 SH | 19 Agosto 2026 | Giornaliero |
| PEVC · Pacer Funds Trust | 0,07% | 5 NS | 31 Luglio 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0,06% | 227.209 SH | 19 Agosto 2026 | Giornaliero |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0,06% | 1.614 SH | 01 Ottobre 2026 | Giornaliero |
| HDUS · Lattice Strategies Trust | 0,05% | 347 NS | 31 Luglio 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0,05% | 10.403 NS | 31 Luglio 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0,05% | 70.566 NS | 31 Luglio 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0,01% | 244 SH | 11 Settembre 2026 | Giornaliero |
| NULV · Nushares ETF Trust | 0,01% | 543 NS | 31 Luglio 2026 | N-PORT |
| DFVX · Dimensional ETF Trust | 0,00% | 74 NS | 31 Luglio 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0,00% | 32 NS | 31 Luglio 2026 | N-PORT |
| VXUS · VANGUARD STAR FUNDS | 0,00% | 14.406.415 SH | 19 Agosto 2026 | Giornaliero |
| IFGL · iShares Trust | 0,00% | 6.694 SH | 19 Agosto 2026 | Giornaliero |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| BND · VANGUARD BOND INDEX FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | 15 Luglio 2026 | Giornaliero |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | 30 Luglio 2026 | Giornaliero |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | 30 Luglio 2026 | Giornaliero |
| VCEB · VANGUARD WORLD FUND | · | · | 30 Luglio 2026 | Giornaliero |
INTU Consenso degli analisti Opinioni degli analisti, sia rialziste che ribassiste, target price a 12 mesi, potenziale di rialzo
Target Price a 12 Mesi
31 analisti · 2026-10-03Target medio $405.60 +44,3%
Confronto Peer (GICS sub-settore industriale) Metriche chiave rispetto ai pari del settore
Base FY, prezzi alla chiusura dell'ultimo anno fiscale di ciascuna società.
| Ticker | Capitalizzazione di Mercato | P/E | Rev YoY | Margine Netto | ROE | Margine lordo |
|---|---|---|---|---|---|---|
| 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% |
Ultime notizie Notizie recenti che menzionano questa società
INTU Pannello Analisti AI — Viste Rialziste e Ribassiste Dibattito 2026Q2: Claude, Grok, Gemini, ChatGPT sulle prospettive del titolo
Intuit rimane una potenza software dominante, ma la sua valutazione premium lascia poco spazio all'errore contro la crescente concorrenza dell'IA. Gemini e Grok hanno evidenziato il margine lordo del 79,89% dell'azienda come prova di un fossato inattaccabile, mentre Claude ha avvertito che la mercificazione fiscale guidata dall'IA potrebbe erodere quel potere di determinazione dei prezzi. La giuria era divisa sul fatto che l'attuale P/E di 44,76 fosse un prezzo equo per la crescita o una bolla pericolosa, convergendo infine su un cauto mantenimento mentre l'azienda naviga in un panorama normativo in evoluzione...
Round 1 — Prime impressioni
Vedo il caso rialzista più forte per Intuit come il suo fossato inattaccabile nel software fiscale e contabile per le PMI che alimenta una crescita costante dei profitti fino al 2026Q2. Il margine lordo rimane solido al 79,89%, mostrando che il loro modello di abbonamento scala con costi aggiunti minimi man mano che le basi utenti crescono. Il margine netto è salito al 21,19%, il che si traduce in più liquidità per cliente in mezzo alla disciplina dei prezzi. Il ROE ha raggiunto il 21,36%, dimostrando che generano forti rendimenti senza un forte indebitamento con un rapporto debito/capitale proprio del 31,78%. La scelta principale di Morgan Stanley del 25 marzo rafforza la fiducia di Wall Street in questa durabilità.
La mia maggiore preoccupazione ribassista è che la valutazione premium di Intuit si incrinasse a causa del rallentamento della crescita o della concorrenza dell'IA entro il 2026Q2. Il P/E si attesta a 44,76, il che significa che il mercato richiede un'esecuzione perfetta senza intoppi nell'aggiunta di abbonati. Le azioni sono scese del 4% la scorsa settimana chiudendo a 747,9 dopo aver raggiunto un picco vicino a 790, segnalando una perdita di slancio su volumi elevati. La capitalizzazione di mercato è scesa a 184 miliardi rispetto ai 196 miliardi del trimestre precedente, evidenziando la vulnerabilità se la crescita dell'EPS si arrestasse rispetto ai concorrenti come il P/E più economico di 22 di CRM.
Intuit sta generando liquidità da un fossato che si sta allargando, non restringendo. L'azienda sta trasformando il 21,4% dei ricavi in profitto — questo è eccezionale per il software su larga scala — e un ROE del 21,4% ti dice che il capitale degli azionisti sta lavorando sodo. Ciò che conta: il titolo si è compresso da un P/E di 56,5x nel Q3 a 44,8x oggi, eppure gli utili per azione sono saliti da 12,29$ a 14,60$. Ciò significa che il mercato sta pagando meno per migliori fondamentali. L'aggiornamento di Morgan Stanley a Top Pick di marzo e il superamento degli utili segnalano che il mercato sta rivalutando il rischio al ribasso. Se la domanda di software fiscale e per piccole imprese regge, questa valutazione è equa per un moltiplicatore del 20%+ ROE.
Intuit è ancora prezzata per la perfezione in un ciclo software in rallentamento, e il margine di errore è minimo. A 44,8 volte gli utili degli ultimi dodici mesi, il titolo lascia quasi spazio a un errore: qualsiasi inciampo nella crescita degli abbonamenti o nella compressione del margine lordo farebbe crollare il multiplo. Il rapporto debito/capitale proprio del 31,78 è elevato per un'azienda software, il che significa che la leva finanziaria amplifica sia i rialzi che i ribassi. La cosa più preoccupante: la capitalizzazione di mercato è diminuita del 6% trimestre su trimestre nonostante la crescita degli utili, segnalando che anche i rialzisti stanno perdendo convinzione. Se la spesa delle piccole imprese si indebolisce o l'automazione guidata dall'IA minaccia i flussi di lavoro fiscali e contabili principali, questo multiplo non ha dove nascondersi.
Intuit rimane un motore finanziario dominante che estrae costantemente un alto valore dalla sua enorme base di utenti. L'azienda mantiene un margine lordo del 79,89%, che illustra che per ogni dollaro di ricavi, quasi 80 centesimi rimangono dopo i costi diretti, evidenziando l'immenso potere di determinazione dei prezzi del suo ecosistema di software fiscale e contabile. Inoltre, il ritorno sul capitale proprio del 21,36% mostra che il management sta impiegando efficacemente il capitale per generare un valore significativo per gli azionisti. Con Morgan Stanley che l'ha recentemente nominata una scelta principale, la fiducia istituzionale nella loro capacità di sostenere questa crescita ad alto margine fino al 2026 rimane una potente forza trainante per il titolo.
La valutazione sta diventando sempre più difficile da giustificare dato il rallentamento dello slancio nell'espansione della capitalizzazione di mercato. Negoziazione a un P/E degli ultimi dodici mesi di 44,76, il mercato sta prezzando una crescita futura aggressiva che potrebbe non materializzarsi se la spesa dei consumatori per servizi fiscali professionali si raffredda. Questo multiplo è significativamente più alto rispetto a concorrenti come Adobe, che negozia a 20,55 volte gli utili, suggerendo che Intuit porta un premio significativo che lascia poco spazio all'errore operativo. Se l'azienda non riesce a mantenere il suo attuale ritmo di crescita dell'EPS, questa alta valutazione potrebbe portare a una brusca contrazione del prezzo delle azioni.
La redditività e il potere di determinazione dei prezzi di Intuit rendono la situazione interessante. ROE TTM 21,36% — Ciò segnala un uso efficiente del capitale proprio degli azionisti e un forte profilo di rendimento. EPS TTM 14,60 — Ciò fornisce una solida base di utili per supportare l'espansione del multiplo se la crescita rimane costante. Margine lordo TTM 79,89% — Indica un mix scalabile e ad alto margine di software/servizi e ricavi stabili.
Rischio di valutazione e crescita potrebbero limitare i rialzi. P/E TTM 44,76 — Il titolo negozia con un premio rispetto a molti concorrenti, il che significa che un arresto degli utili potrebbe esercitare pressione sul multiplo. P/S TTM 9,49 — Un multiplo ricavi elevato segnala che gli investitori stanno pagando per una crescita che potrebbe non accelerare. Capitalizzazione di mercato 184.334 — In calo rispetto al trimestre precedente segnala un certo arretramento nell'entusiasmo degli investitori e nello slancio.
Round 2 — Risposte e Confutazioni
Round 2 — Risposte e Confutazioni
Claude, la tua chiamata ribassista sul rapporto debito/capitale proprio di 31,78 essendo elevato per il software manca il bersaglio — quella è una leva bassa, solo 32 centesimi di debito per dollaro di capitale proprio, che aumenta in sicurezza il ROE del 21,36% senza rischi aggiunti. Posiziona Intuit per superare qualsiasi rallentamento della spesa delle PMI nel 2026Q2 molto meglio dei concorrenti veramente indebitati, trasformando un presunto difetto in un fossato difensivo chiave.
Devo rispondere a Grok qui — il rapporto debito/capitale proprio di 31,78 non è elevato per Intuit, e penso che questa inquadratura sia fuorviante. Un D/E di 31,78 significa che Intuit ha 31,78$ di debito per ogni dollaro di capitale proprio, il che suona allarmante finché non ti ricordi che Intuit genera 14,60$ di EPS annuo su un titolo che negozia a 748$ — questo è un rendimento degli utili dell'1,95%. A quel rendimento, l'azienda può servire il debito a basso costo e comunque impiegare capitale per riacquisti e R&S. Il vero rischio non è la leva in sé; è se il churn degli abbonamenti accelera se l'IA mercifica la preparazione delle tasse. Questo è il caso ribassista su cui mi concentrerei, non il rapporto del debito.
Claude, la tua attenzione sul rapporto debito/capitale proprio di 31,78 ignora la realtà del modello di generazione di cassa di Intuit. Mentre sostieni che questa leva sia un rischio elevato, un rapporto corrente di 1,39 mostra che l'azienda ha quasi 1,40 dollari di attività liquide per ogni dollaro di passività a breve termine. Questo livello di liquidità fornisce un enorme cuscinetto che rende il loro carico di debito molto meno minaccioso di quanto suggerisci. Intuit non ha difficoltà a coprire i propri obblighi; sta utilizzando il proprio bilancio per finanziare proprio quell'ecosistema dominante che mantiene intatti quei margini elevati.
Claude, penso che il tuo punto sulla leva finanziaria perda il cuscinetto che un'attività generatrice di cassa può impiegare per superare una domanda più debole, specialmente quando i margini rimangono sani. Debito/Capitale proprio = 31,78. Quel livello può amplificare i risultati, ma i robusti margini e il flusso di cassa stabile di Intuit possono attutire il ribasso. Se la crescita rallenta o l'IA preme sui margini, la leva potrebbe danneggiare; altrimenti, il bilancio supporta riacquisti continui e investimenti.
Round 3 — Confutazioni Finali
Round 3 — Confutazioni Finali
Claude, hai invertito i calcoli del rapporto debito/capitale proprio nella tua obiezione — un D/E di 31,78 significa solo 0,32$ di debito per dollaro di capitale proprio, supportando quel ROE del 21,36% senza rischi significativi. Questa è una leva prudente per una mucca da mungere come Intuit, non un'esposizione allarmante. Con un rapporto corrente di 1,39, detengono liquidità sufficiente per coprire gli obblighi a breve termine due volte se la spesa delle PMI si ammorbidisce nel 2026Q2. Questa forza del bilancio consente loro di investire in difese contro l'IA piuttosto che ridurre il debito.
Voglio contestare qualcosa che nessuno ha ancora contestato: Gemini e Grok trattano entrambi il margine lordo del 79,89% di Intuit come prova della durabilità del fossato, ma non si chiedono se quel margine sia effettivamente minacciato dall'IA. La mercificazione del software fiscale è reale — il prodotto principale di TurboTax è sempre più vulnerabile ad alternative gratuite basate sull'IA e all'espansione di IRS Free File. Il margine appare immacolato oggi, ma se i volumi di dichiarazione cambiano o l'ASP per cliente si comprime nel 2026, quel 79,89% diventa la storia di ciò che stai perdendo, non di ciò che stai proteggendo. Questa è la dinamica competitiva che osserverei più da vicino rispetto ai rapporti del bilancio.
Voglio spostare la nostra attenzione sul regime macro, in particolare sull'impatto dell'attuale ciclo dei tassi di interesse sulla base clienti di Intuit. Claude e Grok stanno dibattendo sulla meccanica del bilancio, ma la vera minaccia per il 2026Q2 è la sensibilità delle piccole imprese ai tassi elevati sostenuti. I ricavi di Intuit dipendono fortemente dalla salute delle PMI, che attualmente affrontano un rapporto corrente di 1,39 nel settore più ampio, indicando una stretta liquidità. Se i tassi rimangono più alti più a lungo, quelle imprese ridurranno la spesa discrezionale per il software. Ciò potrebbe forzare una contrazione del margine lordo del 79,89% di Intuit, poiché perdono il potere di determinazione dei prezzi che attualmente mantiene così redditizio il loro software.
Penso che dovremmo ampliare il quadro per includere dinamiche normative e competitive che potrebbero muovere INTU nel 2026Q2 oltre i puri fondamentali. INTU negozia con un P/E degli ultimi dodici mesi di circa 44,8x. Ciò significa che il mercato sta prezzando una crescita aggressiva, lasciando poco margine se shock politici o competitivi colpiscono. Claude, Grok e Gemini, tenete d'occhio l'espansione di IRS Free File e le regole sulla privacy dell'IA che potrebbero comprimere il potere di determinazione dei prezzi o aumentare i costi di conformità. Inoltre, NetSuite e altre piattaforme per PMI potrebbero rubare quote di mercato se INTU non riesce a continuare a innovare sull'automazione e l'integrazione.
Previsioni di prezzo
| Modello | Obiettivo 3M | Obiettivo 6M | Motivazione |
|---|---|---|---|
| Grok | $760.00 | $785.00 | Prevedo che Intuit salirà modestamente da 748$ fino al 2026Q2 poiché la domanda di software per PMI ad alto margine compensa la pressione sulla valutazione. Il catalizzatore chiave è la pubblicazione degli utili del Q2 2026 all'inizio di novembre 2025, dove i superamenti dei volumi di TurboTax e la crescita di NetSuite potrebbero convalidare la scelta principale di Morgan Stanley e innescare un rimbalzo verso i massimi recenti. Il rischio principale è la mercificazione fiscale guidata dall'IA che accelera il churn degli abbonati, come segnalato da Claude. Mantenere un P/E vicino a 45 significa che il mercato richiede una crescita impeccabile dell'EPS del 15%+ annuo, che la loro generazione di cassa ROE del 21% può fornire se la concorrenza rimane a bada. |
| Claude | $720.00 | $765.00 | Il fossato di Intuit è reale ma sotto attacco dalla mercificazione fiscale dell'IA — il titolo si riprezza al ribasso poiché il mercato prezza il rischio di compressione dei margini. La mia tesi: il P/E di 44,8x è equo solo se i margini lordi si mantengono al 79,89% e il churn degli abbonamenti rimane piatto; uno dei due crolla, e il multiplo si comprime del 10-15%. Catalizzatore: la guidance sugli utili del 2026Q2 sull'aggiunta di clienti PMI e sulle tendenze ASP segnalerà se l'IA sta incidendo sui volumi di dichiarazione. Rischio: l'espansione di IRS Free File o un errore di prezzo di TurboTax potrebbero innescare un ribasso del 15-20% se il mercato perde fiducia nel potere di determinazione dei prezzi. A 44,8 volte gli utili degli ultimi dodici mesi con 14,60$ di EPS, il mercato sta pagando 666$ per dollaro di profitto annuo — sostenibile solo se la crescita accelera o i margini si espandono, nessuno dei due probabile in un ciclo software in rallentamento. Mantengo la convinzione a 0,68 perché il rischio al ribasso supera il potenziale di rialzo da qui. |
| Gemini | $665.00 | $710.00 | La mia tesi è che Intuit salirà gradualmente poiché il mercato si renderà conto che il suo ecosistema software rimane solido nonostante i timori guidati dall'IA. Il catalizzatore principale per un movimento verso 710 è la pubblicazione degli utili del 2026Q2, dove mi aspetto che il management dimostri che le loro soluzioni fiscali integrate con l'IA stanno effettivamente guidando ricavi medi più elevati per utente. Al contrario, un'espansione delle iniziative di filing gratuito guidate dall'IRS è il rischio concreto che romperebbe la mia tesi erodendo il loro potere di determinazione dei prezzi principale. A un P/E degli ultimi dodici mesi di 44,76, gli investitori stanno pagando un premio che presuppone che Intuit possa continuare a estrarre margini elevati dalle piccole imprese. Se questa narrativa di crescita regge, la valutazione rimane difendibile per un leader di mercato dominante. |
| Chatgpt | $660.00 | $700.00 | Penso che INTU dovrebbe salire nei prossimi 3-6 mesi se il suo fossato rimanesse intatto e la crescita rimanesse duratura. Catalizzatore: il superamento degli utili del 2026Q2 con margini stabili e la riconferma della sua Top Pick da parte di Morgan Stanley potrebbero sbloccare l'espansione del multiplo. Rischio: la concorrenza guidata dall'IA e la pressione sui prezzi derivante dalla mercificazione del software fiscale potrebbero comprimere i margini o rallentare la crescita. P/E intorno a 44,8x. Quel premio significa che INTU deve continuare a fornire una crescita dell'EPS superiore alla media per giustificare il multiplo. |
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