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$312.77
Market Capi
$84B
Growth-adj P/E (3-yr hist)i
0.8x
Growth-adj P/E (3-yr proj)i
0.8x
P/S 27Ei
3.6x
P/S 29Ei
3.0x
EV/EBIT 27Ei
8.6x
EV/EBIT 29Ei
6.2x
P/E 27Ei
15x
P/E 29Ei
12x
P/S 27Ei
3.6x
EV/EBIT 27Ei
8.6x
P/E 27Ei
15x
P/S 29Ei
3.0x
EV/EBIT 29Ei
6.2x
P/E 29Ei
12x
Revenue
2027E
$23B
Gross Margini
81%
Hist. CAGRi
14%
Proj. CAGRi
9.3%
EBIT
2027E
$8.8B
Op. Margini
29%
Hist. CAGRi
25%
Proj. CAGRi
22%
Net profit
2027E
$5.4B
Net Margini
21%
Hist. CAGRi
24%
Proj. CAGRi
15%
Business Model
Recent Developments
Average Targeti
$405.60+30%
Consensusi
Outperform
33 analysts covering
Net cashi
$7.9B
Div. Yieldi
1.8%
Buyback Yldi
1.9%
Market Capi
$84B
P/E 27Ei
15x
Adj. P/E (fwd.)i
0.8x
Revenue 27E
$23B
Proj. CAGRi
9.3%
Gross Margini
81%
EBIT 27E
$8.8B
Proj. CAGRi
22%
Op. Margini
29%
Net Profit 27E
$5.4B
Proj. CAGRi
15%
Net Margini
21%
Average Targeti
$405.60+30%
Consensusi
Outperform
33 analysts covering
Profile
Intuit develops and sells financial software and services for consumers, small businesses, and accounting professionals. Its platform spans tax preparation, small-business accounting and payroll, and consumer financial services. Revenue breaks down across four primary segments:
Industry
Intuit serves U.S.-centric markets almost exclusively, with the vast majority of revenue generated domestically. Its core customers are self-employed individuals, micro-businesses, and small-to-medium enterprises that lack dedicated finance teams. The tax-software market has high annual recurrence driven by regulatory obligation, making it sticky but also cyclically lumpy — Consumer segment revenue is heavily concentrated in the January–April tax season. The competitive landscape is intensifying as general-purpose AI agent platforms and Microsoft's embedded tools increasingly target tax and SMB accounting workflows directly.
Key metrics
Economic moat
Intuit's deepest advantage is switching-cost lock-in: years of bookkeeping data, payroll histories, and tax filings create a powerful retention floor for QuickBooks and TurboTax users who face real friction and data-migration costs when leaving. TurboTax benefits from annual habit formation and brand trust built over decades. At scale, the QuickBooks ecosystem creates a network effect among accountants and their clients — the same platform used by a bookkeeper and a dozen of their clients reinforces both sides' retention. Credit Karma's 130-million-member base gives it a data advantage in consumer credit matching that new entrants cannot replicate quickly.
Scott Cook
Scott Cook co-founded Intuit in 1983 alongside Tom Proulx, building the company around the insight that personal finance software could be as simple as a checkbook register. Cook served as CEO through the company's early growth years and remains a significant shareholder and board presence, providing long-run institutional continuity rare in large-cap software.
Sasan Goodarzi
Goodarzi has led Intuit as CEO since January 2019, having joined the company in 2004 and previously serving as EVP of the Small Business & Self-Employed Group. In January 2026, he also assumed the Chairman role, consolidating operational and governance leadership. His tenure has been defined by the platform strategy — repositioning Intuit from a software vendor into an AI-driven financial platform — and by the $8.1 billion acquisition of Credit Karma in 2020 and the $12 billion acquisition of Mailchimp in 2021. The May 2026 restructuring and dual AI partnerships with Anthropic and OpenAI represent the sharpest expression yet of his AI-first direction.
Sandeep Aujla
Aujla became CFO in July 2023, previously serving as SVP of Finance at Intuit. He oversees capital allocation during a pivotal transition: the company is simultaneously funding heavy AI investment, executing a major restructuring, and returning significant capital via buybacks and dividends. His conference schedule in September 2026 — presenting at the Goldman Sachs Communacopia + Technology Conference days after the fiscal fourth-quarter report — reflects continued investor engagement following the stock's sharp post-earnings decline.
Alex Balazs
Balazs leads Intuit's technology organization and has been a central figure in the platform's AI infrastructure buildout. His role is particularly consequential given the company's announced AI partnerships and the strategic bet that Intuit's financial data moat can be leveraged through AI-native interfaces to deepen product stickiness across QuickBooks, TurboTax, and Credit Karma.
P/S Ratioi
EV/EBITi
P/E Ratioi
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBIT
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profit
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in billions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash Flow
CAPEX
Values in billions of USD.
Margins
Rentability
Balance sheet
Values in billions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Last earnings
Fourth-quarter fiscal 2026 revenue reached $4.35 billion, up 13.7% year over year and ahead of consensus.
Non-GAAP EPS of $4.03 beat consensus estimates near $3.59.
Global Business Solutions (the QuickBooks ecosystem) led the quarter, growing 14% to $3.40 billion, with QuickBooks Online Accounting revenue up 20%.
Management guided fiscal 2027 revenue to $23.28–23.51 billion (9–10% growth) and non-GAAP EPS to $22.88–23.12, a marked deceleration from fiscal 2026's 14% revenue growth.
Recent developments
Intuit scheduled its Annual Investor Day for September 17, 2026, where management is expected to address customer-acquisition targets and AI monetization.
CFO Sandeep Aujla is set to present at the Goldman Sachs Communacopia + Technology Conference in early September 2026.
On September 8, 2026, OpenAI introduced a new AI agent capable of operating business software directly rather than just answering queries, intensifying scrutiny of software incumbents' workflow moats.
Debate & sentiment
Bears point to the fiscal 2027 growth guidance cut to single digits, down from double-digit growth in recent years, alongside fears that general-purpose AI agents could disintermediate tax-prep and bookkeeping workflows.
A sell-side downgrade to Sell with a materially reduced price target cited heightened competitive pressure in tax software and doubts about the durability of longer-term growth.
Bulls counter that EPS guidance implies 23–24% growth, arguing the share-price decline has already overshot the underlying fundamentals and that the upcoming Investor Day could reset sentiment.
The debate increasingly centers on whether Intuit's data and switching-cost advantages can be defended as AI agents lower the cost of building competing financial workflows.
Consensusi
Outperform
Average targeti
$405.60+30%
Highest targeti
$732.00+134%
Lowest targeti
$290.00-7%
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