Solutions for business and financial management are offered by Intuit, Inc. It functions in the following ways: Self-employed and small businesses; Consumers; and Partners Strategically Small businesses can get financing, payroll solutions, payment processing solutions, and online and desktop QuickBooks financial and business management services from the Small Business and Self-Employed segment.
Products and services for self-service and aided TurboTax income tax preparation are included in the Consumer segment. Lacerte, ProSeries, ProFile, and ProConnect Tax Online are among the professional accountants’ offerings in the Strategic Partner segment. Scott D. Cook and Thomas A. Proulx established the business in March 1983, and its headquarters are located in Mountain View, California.
Intuit Ownership:
American software company Intuit Inc. makes financial software for businesses. It was founded in 1983 by Scott Cook and Tom Proulx. Sasan Goodarzi serves as the CEO of the business, which has its headquarters in Mountain View, California. As of 2019, more than 95% of Intuit’s revenues and earnings come from its activities within the United States.
It offers 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. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition.
As it is a publicly listed company, it holds many owners. Here is a list of top shareholders:
| Stockholder’s Name | Stake | Shares | Value |
|---|---|---|---|
| The Vanguard Group, Inc. | 8.23% | 23,203,823 | $8,987,304,724 |
| T. Rowe Price Associates, Inc. | 6.30% | 17,749,565 | $6,874,761,516 |
| BlackRock Fund Advisors | 4.84% | 13,653,519 | $5,288,280,979 |
| SSgA Funds Management, Inc. | 4.03% | 11,358,064 | $4,399,205,348 |
| Fidelity Management & Research Co. | 2.42% | 6,829,921 | $2,645,365,002 |
Net Worth Or Revenue:
As of October 14, 2022, Intuit was the 73rd largest publicly traded company in the United States with a market cap or net worth of $111.56 billion. In just one year, Intuit’s market cap has decreased by -23.68 percent.
| Company Name | Intuit Corp. |
| Type | Public |
| Total assets | $26.3 Billion |
| Net income | $2.2 Billion |
| Revenue | $11.4 Billion |
| CEO | Sasan Goodarzi |
| Total equity | $16.441 Billion |
| Net Worth | $111.56 Billion ($0.111 trillion) |