Financial Data and Key Metrics Changes - Full-year revenue grew 13% with strong operating margin expansion, indicating robust momentum from investments and innovation [5][12] - Q4 revenue reached $3.2 billion, up 17%, with GAAP operating loss of $151 million due to a restructuring charge of $223 million [12][18] - Non-GAAP diluted earnings per share increased by 21% to $1.99 compared to $1.65 last year [12] Business Segment Data and Key Metrics Changes - Small Business and Self-Employed Group revenue grew 20% in Q4 and 19% for the full year, demonstrating the strength of the platform [13] - Online ecosystem revenue increased by 18% in Q4 and 20% for the full year, with ARPC growing 11% [13][14] - TurboTax Live revenue grew 17% in fiscal 2024, with full-service customers doubling and new customers tripling [20] Market Data and Key Metrics Changes - International online ecosystem revenue grew 11% in Q4 and 13% for the full year on a constant currency basis [16] - Total online payment volume facilitated on the platform grew 20%, with QuickBooks Capital financing increasing by 28% [9][12] - Credit Karma revenue improved from a 5% decline in Q1 to 14% growth in Q4, with full-year revenue at $1.7 billion, up 5% [18][19] Company Strategy and Development Direction - The company is focusing on an AI-driven expert platform strategy, emphasizing "done-for-you" experiences and connecting customers with AI-powered human expertise [5][6] - Investments are being accelerated in five key areas, including Intuit Assist, TurboTax Live, QuickBooks Live, money solutions, and mid-market services [7][8][10] - The company aims to expand its reach into the mid-market, targeting customers with more complex needs and enhancing its service offerings [10][11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering double-digit revenue growth and margin expansion in fiscal year 2025, despite current economic challenges [5][22] - The macroeconomic environment is not expected to provide tailwinds, with guidance based on current trends and execution [33] - The company sees stable conditions across small businesses, with revenue and profitability up, although cash reserves are down compared to last year [64] Other Important Information - The company ended the quarter with approximately $4.1 billion in cash and investments, and $6 billion in debt, with a quarterly dividend of $1.04 per share [21] - The Small Business and Self-Employed Group will be renamed to Global Business Solutions Group to better reflect its focus on serving both small and mid-market businesses [26] Q&A Session Summary Question: Growth in Small Business Segment - Management emphasized that the focus remains on small businesses while also doubling down on mid-market opportunities, which have been in development for five years [28][30] Question: Consumer Group Guidance - The guidance reflects current trends without assuming macroeconomic tailwinds, with TurboTax Live expected to grow between 15% to 20% [33][34] Question: Restructuring and Reinvestment - The restructuring was not cost-saving driven but aimed at positioning the company for future growth, with reinvestments planned in five key areas [36][38] Question: Mailchimp Reacceleration - Integration with QuickBooks and a focus on mid-market and international growth are critical for Mailchimp's reacceleration [42] Question: Acceleration in QBO - Confidence in acceleration comes from service growth, mid-market traction, and pricing power, with no execution risk from restructuring [45][48] Question: Health of Small Business - Overall, small businesses are stable, with revenue and profitability up, although cash reserves are down compared to last year [64]

Intuit (INTU) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.99%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $9.34 per share when it actually produced earnings of $9.88, delivering a surprise of 5.78%. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Intuit (INTU) is scheduled to report fourth-quarter fiscal 2024 results on Aug 22. For the fourth quarter of fiscal 2024, INTU expects revenues to grow between 13% and 14% on a year-overyear basis to the band of $3.063-$3.099 billion. The Zacks Consensus Estimate for revenues is pegged at $3.08 billion, indicating year-over-year growth of 13.73%. On a non-GAAP basis, Intuit anticipates earnings per share in the range of $1.8-$1.85. The consensus mark for earnings is pegged at $1.86 per share, suggesting a y ...

JHVEPhoto With a market capitalization of nearly $183 billion, Intuit (NASDAQ:INTU) is one of the largest businesses on the planet. The company has achieved this massive size by generating strong cash flows off of a large amount of revenue. But that's not all. Despite its size, it still manages to grow at a rather rapid pace. Of course, such quality and stability do not come cheap. When I last wrote about the company approximately one year ago in August 2023, I pointed out how expensive shares were. Even th ...

In its upcoming report, Intuit (INTU) is predicted by Wall Street analysts to post quarterly earnings of $1.86 per share, reflecting an increase of 12.7% compared to the same period last year. Revenues are forecasted to be $3.08 billion, representing a year-over-year increase of 13.7%. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company reve ...

Intuit (INTU) closed at $636.74 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 0.03%. The maker of TurboTax, QuickBooks and other accounting software's shares have seen a decrease of 3.05% over the last month, surpassing the Computer and Technology sector's loss of 7.5% and the S&P 500's loss of 3.2%. Analysts and investors alike will be ...

Intuit Inc INTU stock is trading lower Wednesday after Morgan Stanley analyst Keith Weiss downgraded the stock from Overweight to Equal-Weight and lowered its price target from $750 to $685. Weiss noted that investors have historically been willing to pay a premium multiple for Intuit, given its lack of cyclicality and near-monopoly status in its key segments. The analyst said Intuit's revenue has become more volatile since the introduction of Credit Karma and Mailchimp. Furthermore, Weiss noted that the cu ...

The most recent trading session ended with Intuit (INTU) standing at $637.82, reflecting a -1.47% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.37% loss on the day. Elsewhere, the Dow lost 1.21%, while the tech-heavy Nasdaq lost 2.3%. The maker of TurboTax, QuickBooks and other accounting software's shares have seen a decrease of 1.9% over the last month, surpassing the Computer and Technology sector's loss of 2.84% and falling behind the S&P 500's gain of 1.11%. The inv ...

These fintech leaders are built to deliver strong performance for the long haul. Fintech is a high-growth industry that's evolving rapidly. Businesses and consumers are embracing innovative solutions to numerous problems and inefficiencies, and the companies that provide the best solutions are primed to deliver impressive returns to shareholders. These three fintech stocks are standout leaders with competitive advantages and strong growth prospects. 1. Block Block (SQ 3.38%) is a fintech powerhouse, but it ...