Previous Close | $780.64 |
AI Value | $272.83 |
Upside potential | -65% |
Intuit Inc. is a leading financial software company specializing in tax preparation, accounting, and personal finance solutions. The company operates in three primary segments: Small Business & Self-Employed (QuickBooks, TurboTax Live), Consumer (TurboTax, Credit Karma), and ProConnect (professional tax software). Intuit holds a dominant position in the U.S. tax software market, with TurboTax commanding approximately 70% market share. Its competitive advantages include a strong brand, a sticky customer base due to the annual nature of tax filing, and a growing ecosystem of integrated financial tools through acquisitions like Credit Karma (2020) and Mailchimp (2021).
AI-driven features like Intuit Assist (generative AI for tax and accounting), ongoing R&D in predictive cash flow tools for SMBs, and 1,000+ patents in financial data processing. Credit Karma's real-time credit monitoring and personalized recommendations further enhance technological differentiation.
Intuit remains a high-quality compounder with durable competitive moats in tax and SMB software. While regulatory and integration risks warrant monitoring, its shift to subscription models, AI innovation, and cross-platform synergies position it for mid-teens earnings growth. Valuation at ~35x FY24 P/E reflects premium pricing but is justified by sticky revenues and margin expansion potential. Suitable for long-term growth investors with moderate risk tolerance.
Intuit FY23 10-K, Investor Day 2023 slides, IRS e-file statistics, Bloomberg consensus estimates.
Historical valuation data is not available at this time.