Market Summary
USD503.19-5.12
Market Closed-1.01%
INTU Stock Price
INTU RSI Chart
INTU Valuation
INTU Price/Sales (Trailing)
INTU Profitability
INTU Fundamentals
INTU Revenue
INTU Earnings
Price Action
52 Week Range
352.63558.64
(Low)(High)
Last 7 days
-4.9%
Last 30 days
-3.1%
Last 90 days
9.5%
Trailing 12 Months
27.1%
INTU Financial Health
INTU Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for INTU
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-11 | Tessel Marianna | sold | -4,808,990 | 552 | -8,702 | evp, sbseg |
2023-09-06 | Hotz Lauren D | sold | -302,181 | 549 | -550 | svp, chief accounting officer |
2023-09-06 | Aujla Sandeep | sold | -637,675 | 546 | -1,167 | evp and cfo |
2023-09-05 | Chriss James Alexander | sold | -4,398,460 | 548 | -8,022 | executive vice president |
2023-09-05 | McLean Kerry J | sold | -5,640,650 | 551 | -10,237 | evp, gen. counsel & corp.sec. |
2023-09-05 | Notarainni Mark P. | sold | -3,988,360 | 548 | -7,274 | evp, consumer group |
2023-09-05 | Aujla Sandeep | sold | -661,660 | 548 | -1,206 | evp and cfo |
2023-09-05 | McLean Kerry J | acquired | 1,385,580 | 135 | 10,237 | evp, gen. counsel & corp.sec. |
2023-09-01 | Tessel Marianna | sold (taxes) | -5,946,120 | 549 | -10,819 | evp, chief technology officer |
2023-09-01 | Goodarzi Sasan K | sold (taxes) | -9,621,850 | 549 | -17,507 | ceo, president, and director |
Which funds bought or sold INTU recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 799 | 27,843 | -% |
2023-09-21 | Jefferies Group LLC | new | - | 554,642 | 554,642 | -% |
2023-09-20 | BARCLAYS PLC | added | 18.03 | 97,407,000 | 554,731,000 | 0.35% |
2023-09-12 | Farther Finance Advisors, LLC | added | 16.01 | 26,242 | 162,673 | 0.04% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -50.98 | -11,282 | 11,455 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 65,979 | 65,979 | -% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | reduced | -4.35 | -16,784 | 978,309 | 0.11% |
2023-09-05 | Covenant Partners, LLC | new | - | 230,928 | 230,928 | 0.08% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 13.00 | 459 | -% |
2023-09-01 | Orchard Capital Management, LLC | unchanged | - | 7,354 | 272,623 | 0.09% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Intuit
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 5.9% | 16,628,964 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.88% | 24,934,429 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.4% | 23,645,470 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.1% | 17,494,753 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 7.99% | 22,621,704 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.9% | 25,129,120 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 8.2% | 21,560,604 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 7.82% | 20,559,827 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.3% | 21,682,012 | SC 13G/A | |
| Feb 14, 2020 | price t rowe associates inc /md/ | 8.1% | 21,282,773 | SC 13G/A |
Recent SEC filings of Intuit
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 14, 2023 | 424B5 | Prospectus Filed | |
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | FWP | Prospectus Filed | |
| Sep 12, 2023 | 424B5 | Prospectus Filed | |
| Sep 11, 2023 | 3 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading |
INTU Fair Value
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Peers (Alternatives to Intuit)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.3T | 211.9B | -3.36% | 31.83% | 32.06 | 10.95 | 6.88% | -0.52% |
ADBE | 230.9B | 18.4B | -3.57% | 82.81% | 47.56 | 12.53 | 10.40% | -0.72% |
AZPN | - | - | 2.88% | -10.29% | - | - | - | - |
ORCL | 287.3B | 51.0B | -9.63% | 66.15% | 30.64 | 5.64 | 15.41% | 61.40% |
CRM | 197.4B | 33.1B | -3.33% | 38.39% | 125.11 | 5.97 | 14.81% | 194.40% |
ZM | 20.4B | 4.5B | 0.89% | -6.86% | 144.14 | 4.58 | 3.92% | -85.69% |
| MID-CAP | ||||||||
APPN | 3.1B | 506.6M | -9.36% | 4.59% | -19.65 | 6.11 | 20.13% | -27.36% |
MANH | 11.9B | 848.2M | 0.47% | 48.04% | 81.66 | 14.05 | 19.21% | 23.01% |
GWRE | 7.0B | 905.3M | 6.61% | 40.67% | -45.42 | 7.78 | 11.41% | -3.11% |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 415.3M | -10.81% | 12.36% | -5.83 | 2.62 | 11.66% | -68.02% |
YEXT | 761.6M | 403.2M | -26.47% | 36.69% | -31.79 | 1.89 | 0.77% | 74.48% |
UPLD | 136.2M | 309.9M | 64.82% | -49.08% | -0.74 | 0.44 | -0.26% | -219.50% |
Intuit News
Returns for INTU
Cumulative Returns on INTU
23.5%
10-Year Cumulative Returns
25.1%
7-Year Cumulative Returns
18.4%
5-Year Cumulative Returns
17.0%
3-Year Cumulative Returns
Risks for INTU
What is the probability of a big loss on INTU?
51.5%
Probability that Intuit stock will be more than 20% underwater in next one year
38.1%
Probability that Intuit stock will be more than 30% underwater in next one year.
13.1%
Probability that Intuit stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does INTU drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Intuit was unfortunately bought at previous high price.
Drawdowns
Financials for Intuit
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Revenue | 2.1% | 14,368 | 14,070 | 13,684 | 13,316 | 12,726 | 12,873 | 11,414 | 10,317 | 9,633 | 8,888 | 7,717 | 7,837 | 7,679 | 6,857 | 7,127 | 6,933 | 6,784 | 6,654 | 6,294 | 6,131 | 6,025 |
| Costs and Expenses | 1.9% | 11,227 | 11,021 | 11,018 | 10,864 | 10,155 | 9,825 | 8,847 | 7,831 | 7,133 | 6,307 | 5,637 | 5,462 | 5,503 | 5,317 | 5,216 | 5,059 | 4,930 | 4,847 | 4,670 | 4,546 | 4,465 |
| S&GA Expenses | 0.9% | 3,762 | 3,729 | 3,753 | 3,771 | 3,526 | 3,564 | 3,194 | 2,832 | 2,644 | 2,223 | 2,014 | 2,027 | 2,048 | 2,005 | 2,009 | 1,964 | 1,927 | 1,851 | 1,748 | 1,669 | 1,631 |
| R&D Expenses | 2.1% | 2,539 | 2,486 | 2,482 | 2,442 | 2,347 | 2,241 | 2,105 | 1,883 | 1,678 | 1,550 | 1,418 | 1,383 | 1,392 | 1,332 | 1,311 | 1,273 | 1,233 | 1,211 | 1,196 | 1,187 | 1,186 |
| EBITDA | -100.0% | - | 3,279 | 2,886 | 2,648 | 2,810 | 3,286 | 2,819 | 2,786 | 2,751 | 2,668 | 2,150 | 2,406 | 2,212 | 1,585 | 1,976 | 1,930 | 1,896 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.23* | 0.21* | 0.20* | 0.22* | 0.26* | 0.25* | 0.27* | 0.29* | 0.30* | 0.28* | 0.31* | 0.29* | 0.23* | 0.28* | 0.28* | 0.28* | - | - | - | - |
| Interest Expenses | 17.0% | 248 | 212 | 167 | 123 | 81.00 | 56.00 | 42.00 | 28.00 | 29.00 | 29.00 | 24.00 | 20.00 | 14.00 | 10.00 | 12.00 | 13.00 | 15.00 | 16.00 | 17.00 | 19.00 | 20.00 |
| Earnings Before Taxes | 3.2% | 2,989 | 2,895 | 2,534 | 2,336 | 2,542 | 3,044 | 2,592 | 2,584 | 2,556 | 2,639 | 2,126 | 2,386 | 2,198 | 1,575 | 1,964 | 1,917 | 1,881 | 1,825 | 1,631 | 1,589 | 1,566 |
| EBT Margin | -100.0% | - | 0.21* | 0.19* | 0.18* | 0.20* | 0.24* | 0.23* | 0.25* | 0.27* | 0.30* | 0.28* | 0.30* | 0.29* | 0.23* | 0.28* | 0.28* | 0.28* | - | - | - | - |
| Net Income | 6.5% | 2,384 | 2,239 | 1,946 | 1,878 | 2,066 | 2,502 | 2,172 | 2,092 | 2,062 | 2,127 | 1,747 | 1,967 | 1,826 | 1,337 | 1,631 | 1,580 | 1,557 | 1,563 | 1,371 | 1,365 | 1,329 |
| Net Income Margin | -100.0% | - | 0.16* | 0.14* | 0.14* | 0.16* | 0.19* | 0.19* | 0.20* | 0.21* | 0.24* | 0.23* | 0.25* | 0.24* | 0.19* | 0.23* | 0.23* | 0.23* | - | - | - | - |
| Free Cashflow | -100.0% | - | 4,334 | 4,089 | 3,880 | 3,732 | 3,972 | 3,067 | 3,293 | 3,197 | 2,942 | 2,486 | 2,527 | 2,355 | 1,951 | 2,252 | 2,261 | 2,248 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Assets | -3.9% | 27,780 | 28,921 | 27,202 | 27,085 | 27,734 | 28,514 | 26,303 | 14,870 | 15,516 | 15,758 | 14,598 | 9,707 | 10,931 | 7,764 | 6,701 | 6,183 | 6,283 | 6,917 | 5,335 | 4,928 | 5,134 |
| Current Assets | -16.4% | 5,557 | 6,649 | 4,756 | 4,554 | 5,047 | 5,858 | 3,490 | 4,487 | 5,157 | 5,327 | 4,094 | 6,651 | 7,980 | 4,862 | 3,690 | 3,162 | 3,594 | 4,249 | 2,644 | 2,232 | 2,422 |
| Cash Equivalents | -23.8% | 2,852 | 3,745 | 1,547 | 2,125 | 2,796 | 3,531 | 1,257 | 2,864 | 2,819 | 3,164 | 1,952 | 5,174 | 6,442 | 3,371 | 1,641 | 1,630 | 2,352 | 2,946 | 1,075 | 1,084 | 1,631 |
| Net PPE | 3.3% | 969 | 938 | 931 | 926 | 888 | 858 | 831 | 789 | 780 | 791 | 792 | 743 | 734 | 745 | 758 | 773 | 780 | 799 | 810 | 805 | 812 |
| Goodwill | 0.0% | 13,780 | 13,778 | 13,779 | 13,732 | 13,736 | 13,731 | 13,732 | 8,101 | 5,613 | 5,614 | 5,598 | 1,697 | 1,654 | 1,653 | 1,655 | 1,655 | 1,655 | 1,611 | 1,611 | 1,610 | 1,611 |
| Liabilities | -7.2% | 10,511 | 11,329 | 11,360 | 11,018 | 11,293 | 11,553 | 10,708 | 5,137 | 5,647 | 5,803 | 5,730 | 4,462 | 5,825 | 3,024 | 2,974 | 2,550 | 2,534 | 2,847 | 2,539 | 2,146 | 2,318 |
| Current Liabilities | -14.2% | 3,790 | 4,415 | 3,862 | 3,325 | 3,630 | 3,591 | 2,968 | 2,138 | 2,655 | 2,712 | 2,677 | 2,152 | 3,529 | 2,713 | 2,204 | 1,757 | 1,966 | 2,291 | 2,001 | 1,586 | 1,743 |
| Long Term Debt | - | - | - | - | - | - | 6,853 | 6,732 | 4,700 | 2,034 | 2,033 | 2,033 | 2,032 | 2,031 | 48.00 | 373 | 373 | 386 | 398 | 363 | 375 | 388 |
| LT Debt, Current | -100.0% | - | 501 | 501 | 499 | 499 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 0.2% | 6,120 | 6,109 | 6,576 | 6,486 | 6,415 | - | - | - | 2,034 | - | - | - | 2,031 | - | - | - | 386 | - | - | - | - |
| Shareholder's Equity | -1.8% | 17,269 | 17,592 | 15,842 | 16,067 | 16,441 | 16,961 | 15,595 | 9,733 | 9,869 | 9,955 | 8,868 | 5,245 | 5,106 | 4,740 | 3,727 | 3,633 | 3,749 | 4,070 | 2,796 | 2,782 | 2,816 |
| Retained Earnings | -0.9% | 15,067 | 15,200 | 13,337 | 13,396 | 13,581 | 13,832 | 12,235 | 12,333 | 12,296 | 12,081 | 10,783 | 10,926 | 10,885 | 10,581 | 9,637 | 9,537 | 9,621 | 9,789 | 8,537 | 8,472 | 8,564 |
| Additional Paid-In Capital | - | - | - | - | - | 17,722 | - | - | - | 10,545 | - | - | - | 6,179 | - | - | - | 5,772 | - | - | - | 5,335 |
| Shares Outstanding | -100.0% | - | 281 | 281 | 281 | 282 | 282 | 283 | 273 | 273 | 273 | 270 | 263 | 262 | 261 | 261 | 261 | 260 | 260 | 260 | 260 | 259 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
| Cashflow From Operations | 11.1% | 5,046 | 4,543 | 4,271 | 4,072 | 3,889 | 4,092 | 3,156 | 3,350 | 3,250 | 2,995 | 2,548 | 2,586 | 2,414 | 2,005 | 2,316 | 2,340 | 2,324 | 2,409 | 2,136 | 2,047 | 2,112 |
| Share Based Compensation | 6.3% | 1,712 | 1,610 | 1,537 | 1,450 | 1,308 | 1,206 | 1,078 | 922 | 753 | 623 | 508 | 435 | 435 | 419 | 414 | 407 | 401 | 402 | 396 | 390 | 382 |
| Cashflow From Investing | -7.2% | -922 | -860 | -1,443 | -6,473 | -5,421 | -5,547 | -5,381 | -3,039 | -3,965 | -3,514 | -3,267 | -170 | -97.00 | -429 | -623 | -641 | -635 | -308 | -204 | -455 | -532 |
| Cashflow From Financing | -12.3% | -4,269 | -3,801 | -2,695 | 1,605 | 1,732 | 2,032 | 1,483 | -2,809 | -3,176 | 251 | 989 | 1,206 | 2,034 | -1,136 | -1,097 | -1,179 | -965 | -795 | -1,307 | -908 | -639 |
| Dividend Payments | 3.3% | 889 | 861 | 835 | 806 | 774 | 744 | 710 | 678 | 646 | 624 | 602 | 578 | 561 | 546 | 530 | 513 | 501 | 476 | 453 | 431 | 407 |
| Buy Backs | -2.6% | 1,967 | 2,019 | 2,004 | 2,036 | 1,861 | 1,800 | 1,715 | 1,340 | 1,005 | 542 | 209 | 183 | 323 | 471 | 560 | 601 | 556 | 408 | 293 | 199 | 272 |
INTU Income Statement
2023-07-31Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | |
| Net revenue: | |||
| Net revenue: | $ 14,368 | $ 12,726 | $ 9,633 |
| Cost of revenue: | |||
| Amortization of acquired technology | 163 | 140 | 50 |
| Selling and marketing | 3,762 | 3,526 | 2,644 |
| Research and development | 2,539 | 2,347 | 1,678 |
| General and administrative | 1,300 | 1,460 | 982 |
| Amortization of other acquired intangible assets | 483 | 416 | 146 |
| Total costs and expenses | 11,227 | 10,155 | 7,133 |
| Operating income | 3,141 | 2,571 | 2,500 |
| Interest expense | (248) | (81) | (29) |
| Interest and other income, net | 96 | 52 | 85 |
| Income before income taxes | 2,989 | 2,542 | 2,556 |
| Income tax provision | 605 | 476 | 494 |
| Net income | $ 2,384 | $ 2,066 | $ 2,062 |
| Basic net income per share (in dollars per share) | $ 8.49 | $ 7.38 | $ 7.65 |
| Shares used in basic per share calculations (in shares) | 281 | 280 | 270 |
| Diluted net income per share (in dollars per share) | $ 8.42 | $ 7.28 | $ 7.56 |
| Shares used in diluted per share calculations (in shares) | 283 | 284 | 273 |
| Product | |||
| Net revenue: | |||
| Net revenue: | $ 1,970 | $ 1,747 | $ 1,698 |
| Cost of revenue: | |||
| Cost of revenue | 71 | 69 | 69 |
| Service and other | |||
| Net revenue: | |||
| Net revenue: | 12,398 | 10,979 | 7,935 |
| Cost of revenue: | |||
| Cost of revenue | $ 2,909 | $ 2,197 | $ 1,564 |
INTU Balance Sheet
2023-07-31Consolidated Balance Sheets - USD ($) $ in Millions | Jul. 31, 2023 | Jul. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,848 | $ 2,796 |
| Investments | 814 | 485 |
| Accounts receivable, net of allowance for doubtful accounts of $7 and $31 | 405 | 446 |
| Notes receivable, net | 687 | 509 |
| Income taxes receivable | 29 | 93 |
| Prepaid expenses and other current assets | 354 | 287 |
| Current assets before funds receivable and amounts held for customers | 5,137 | 4,616 |
| Funds receivable and amounts held for customers | 420 | 431 |
| Total current assets | 5,557 | 5,047 |
| Long-term investments | 105 | 98 |
| Property and equipment, net | 969 | 888 |
| Operating lease right-of-use assets | 469 | 549 |
| Goodwill | 13,780 | 13,736 |
| Acquired intangible assets, net | 6,419 | 7,061 |
| Long-term deferred income tax assets | 64 | 11 |
| Other assets | 417 | 344 |
| Total assets | 27,780 | 27,734 |
| Current liabilities: | ||
| Short-term debt | 0 | 499 |
| Accounts payable | 638 | 737 |
| Accrued compensation and related liabilities | 665 | 576 |
| Deferred revenue | 921 | 808 |
| Income taxes payable | 698 | 8 |
| Other current liabilities | 448 | 571 |
| Current liabilities before funds payable and amounts due to customers | 3,370 | 3,199 |
| Funds payable and amounts due to customers | 420 | 431 |
| Total current liabilities | 3,790 | 3,630 |
| Long-term debt | 6,120 | 6,415 |
| Long-term deferred income tax liabilities | 4 | 619 |
| Operating lease liabilities | 480 | 542 |
| Other long-term obligations | 117 | 87 |
| Total liabilities | 10,511 | 11,293 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value Authorized - 1,345 shares total; 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding - None | 0 | 0 |
| Common stock, $0.01 par value Authorized - 750,000 shares Outstanding - 280,421 shares at July 31, 2023 and 281,932 shares at July 31, 2022 | 3 | 3 |
| Additional paid-in capital | 19,026 | 17,722 |
| Treasury stock, at cost | (16,772) | (14,805) |
| Accumulated other comprehensive loss | (55) | (60) |
| Retained earnings | 15,067 | 13,581 |
| Total stockholders’ equity | 17,269 | 16,441 |
| Total liabilities and stockholders’ equity | $ 27,780 | $ 27,734 |
Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms. This segment also offers payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; QuickBooks Cash business bank account; and financial supplies and financing for small businesses. The Consumer segment provides TurboTax income tax preparation products and services; and personal finance. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProConnect segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California.