[email protected], Media Michelle Clatterbuck — Executive Vice President and Chief Financial Officer. We exclude these amounts from our non-GAAP financial measures. You can locate these reports through our website at http://investors.intuit.com. https://www.businesswire.com/news/home/20200825005841/en/, Investors The company expects: Intuit reiterated guidance for full fiscal year 2020. Earnings Results Intuit’s ‘strong’ first quarter: Profit more than triples, revenue rises 14% Published: Nov. 19, 2020 at 4:41 p.m. It could be a good time to buy Intuit before its Q3 earnings announcement. Forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. To hear the call, dial 844-246-4601 in the United States or 703-639-1172 from international locations. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies. Turning to guidance, our Q3 fiscal 2020 guidance includes revenue growth of 10% to 11%, GAAP earnings per share of $5.53 to $5.58, and non-GAAP earnings per … It expects to earn an adjusted $7.55 a share on sales of $7.49 billion. After submitting your request, you will receive an activation email to the requested email address. Analysts expected Intuit earnings of $4.48 a share on sales of $3 billion, according to S&P Global Market Intelligence. This press release and the accompanying tables include non-GAAP financial measures. The following are descriptions of the items we exclude from our non-GAAP financial measures. This represents a 11 percent increase versus last year. Increased GAAP operating income to $2.2 billion, up 17 percent. & Trust Company, 59 Maiden Lane (Unaudited). Repurchased $139 million of shares, with $2.4 billion remaining on the company's authorization. Goodwill and intangible asset impairment charges, Gains and losses on disposals of businesses and long-lived assets, Gains and losses on debt and equity securities and other investments. We exclude from our non-GAAP financial measures the professional fees we incur to complete business combinations. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (In millions, except per share amounts) Other income tax adjustments consist primarily of the tax impact of the non-GAAP pre-tax adjustments and the excess tax benefits on share-based compensation. For the six months ended January 31, 2019 we recorded a tax benefit of $2 million on pretax income of $221 million. At the end of the fourth quarter the company held $98 million net loans receivable for PPP which we intend to sell. Do the numbers hold clues to what lies ahead for the stock? Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer lists, covenants not to compete, and trade names. The consensus mark for earnings is pegged at 38 cents per share, suggesting a decline of 7.3% from the year-ago quarter’s earnings 41 cents. Excluding tax benefits related to share-based compensation, our effective tax rate was 24%. INTUIT INC. Revenue of $7.440 billion to $7.540 billion, growth of 10 to 11 percent. A replay of the conference call will be available for one week by calling 855-859-2056, or 404-537-3406 from international locations. Feb 25, 2020 9:19AM EST Intuit Inc. INTU reported second-quarter fiscal 2020 non-GAAP earnings of $1.16 per share, beating than the Zacks Consensus … Our innovative ecosystem of financial management solutions serves approximately 50 million customers worldwide. The topline results were driven by a 17% increase in Small Business and Self-Employed Group and an 8% increase in Consumer … ... Intuit’s earnings beat estimates in each of the trailing four quarters, the average beat being 30.4%. Keith Weiss — Morgan Stanley — Analyst To hear the call, dial 844-246-4601 in the United States or 703-639-1172 from international locations. You must click the activation link in order to complete your subscription. Snapshot of Fiscal Year 2020 Full-year Results. INTUIT INC. A copy of the press release issued by Intuit today can be found on the investor relations page of Intuit's website. MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks and Mint, announced financial results for the second quarter of fiscal 2020, which ended Jan. 31. Gains and losses on debt and equity securities and other investments. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. Intuit (NASDAQ:INTU) is scheduled to announce Q3 earnings results on Thursday, May 21st, after market close. These include investment banking, legal, and accounting fees. You can sign up for additional alert options at any time. Non-GAAP diluted earnings per share of $7.50 to $7.60, growth of 11 to 13 percent. Getty. QuickBooks Capital has funded $683 million in cumulative loans (excluding PPP loans) since launch. The difference from the federal statutory rate of 21% was primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the tax benefit we received from the federal research and experimentation credit. A one-time restructuring charge of $43 million was recognized during the fourth quarter and included in both GAAP and Non-GAAP results. Events that could cause the reconciliation to change include acquisitions and divestitures of businesses, goodwill and other asset impairments, sales of available-for-sale debt securities and other investments, and disposals of businesses and long-lived assets. It still expects adjusted EPS of $7.50 to $7.60 on revenue of $7.44 billion to $7.54 billion. Cautions About Forward-looking Statements. This includes proceeds from $2 billion senior notes issued on June 29 at a blended coupon rate of 1.15%. Shares of Intuit (NASDAQ:INTU) moved higher by 1% after the company reported Q1 results.. Quarterly Results. At Intuit Inc., we promise to treat your data with respect and will not share your information with any third party. Full Year Performance Led By 13 Percent Consumer Group Revenue Growth, Strongest TurboTax Customer Growth in Four Years. We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. The analysts of Goldman Sachs have rated Intuit with a Neutral rating. The company expects: Revenue of $7.440 billion to $7.540 billion, growth of 10 to 11 percent. Reflects estimated adjustments for share-based compensation expense of approximately $423 million; amortization of acquired technology of approximately $21 million; and amortization of other acquired intangible assets of approximately $6 million. Received Board approval for a quarterly dividend of $0.53 per share, payable April 20, 2020. Share-based compensation expenses. Grew combined QBO and TTO platform revenue 22 percent, totaling approximately $4.8 billion. Intuit, which belongs to the Zacks Computer - Software industry, posted revenues of $3 billion for the quarter ended April 2020, surpassing the Zacks Consensus Estimate by … GAAP CONSOLIDATED STATEMENTS OF OPERATIONS, Amortization of other acquired intangible assets, Shares used in basic per share calculations, Shares used in diluted per share calculations. You can locate these reports through our website at http://investors.intuit.com. Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer lists, covenants not to compete, and trade names. We do not undertake any duty to update any forward-looking statement or other information in this presentation. Revenue growth reflects a shift of a significant portion of tax filings and related revenue out of the third quarter and into the fourth quarter. TO MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES TurboTax Live had another great season, as we made significant progress in our effort to transform the assisted category.". Adjustments to reconcile net income to net cash provided by operating activities: Amortization of acquired intangible assets, Sale and principal payments of loans held for sale. GAAP operating income of $2.065 billion to $2.115 billion, growth of 11 to 14 percent. We exclude from our non-GAAP financial measures non-cash charges to adjust the carrying values of goodwill and other acquired intangible assets to their estimated fair values. On a year-over-year basis, Intuit earnings fell 19% while sales dropped 8%. Key 2020 health stories you may have missed because of Covid-19. Non-GAAP operating income of $2.515 billion to $2.565 billion, growth of 10 to 12 percent. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. As of July 31, 2020, Intuit and its bank partners helped make available just over $1.2 billion of approved small business loans to customers from the PPP through QuickBooks Capital. EPS of $1.81 beats by $0.69 | Revenue of $1.82B (82.70% Y/Y) beats by $243.70M. Transfer Agent. We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. Non-GAAP diluted earnings per share of $5.90 to $5.95. By accessing and using this page you agree to the Terms and Conditions. Terms and conditions, features, support, pricing, and service options subject to change without notice. Reflects the estimated adjustments in item [c], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate. Analysts: Ken Wong — Guggenheim Securities — Analyst. & Trust Company, 59 Maiden Lane We believe our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods. In accordance with GAAP, we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. These consist of non-cash expenses for stock options, restricted stock units, and our Employee Stock Purchase Plan. Intuit Inc. (INTU - Free Report) is scheduled to release fourth-quarter fiscal 2020 results on Aug 25. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. Intuit, Inc. (NASDAQ:INTU) Q3 2020 Results Conference Call May 21, 2020 4:30 PM ET Company Participants Kim Watkins - Vice President, Investor Relations Sasan Goodarzi - … 650-944-6619 The audio webcast will remain available on Intuit’s website for one week after the conference call. Intuit beats estimates, buys Credit Karma. The Turbo offering has 22 million registered users, up from 14 million last year. When we acquire an entity, we are required by GAAP to record the fair values of the intangible assets of the entity and amortize them over their useful lives. We recognized excess tax benefits on share-based compensation of $90 million in our provision for income taxes for the twelve months ended July 31, 2020 and $120 million for the twelve months ended July 31, 2019. Excluding nonrecurring PPP revenue, growth was 14 percent and 30 percent respectively. For the three and six months ended January 31, 2019, we recognized excess tax benefits on share-based compensation of $8 million and $49 million, respectively, in our provision for income taxes. Intuit (NASDAQ: INTU) releases its next round of earnings this Thursday, November 19.Here is Benzinga's essential guide to Intuit's Q1 earnings report. Table B1 and Table B2 reconcile the non-GAAP financial measures in that press release to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). Intuit Inc. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. The starting point for this forecast is the Intuit 2020 … The access code for this call is 5593966. For the fourth fiscal quarter and full fiscal year: Grew QuickBooks Online accounting revenue 34 percent for the quarter and 38 percent for the year. Grew revenue to $1.8 billion, up from $994 million in the prior year. After the closing bell on Tuesday, Intuit Inc. (Nasdaq: INTU) beat earnings results with its fiscal fourth-quarter 2020 earnings release. Operating results and gains and losses on the sale of discontinued operations. Received Board approval for a quarterly dividend of $0.59 per share, payable October 19, 2020. 800-937-5449 "Our second quarter revenue grew 13 percent overall, fueled by 17 percent growth in the Small Business and Self-Employed Group and 8 percent growth in the Consumer Group," said Goodarzi. The formula for this calculation on Intuit is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.31 = US$2.4b ÷ (US$9.7b - US$2.2b) (Based on the trailing twelve months to October 2020). Unit data is for the period November 1, 2019 to July 31, 2020 for the season through July 31, 2020 and for November 1, 2018 to July 31, 2019 for the season through July 31, 2019. (Shareholder Relations). Intuit reiterated guidance for full fiscal year 2020. Goodwill and intangible asset impairment charges. The consensus EPS Estimate is $4.48 (-19.3% Y/ As discussed in “About Non-GAAP Financial Measures - Income Tax Effects and Adjustments” following Table D, our long-term non-GAAP tax rate eliminates the effects of non-recurring and period-specific items. The conference call can also be heard live at http://investors.intuit.com/Events/default.aspx. TABLE E Consumer Group revenue by 8 percent to $499 million. Intuit editor’s picks. We exclude from our non-GAAP financial measures gains and losses that we record when we sell or impair available-for-sale debt and equity securities and other investments. 2020 Forecast for the Accounting Profession This report provides a view of the significant demographic, economic, social and technology trends and forces that will affect the accounting and tax profession over the next decade. Our effective tax rates for the three and six months ended January 31, 2020 were approximately 15% and 2%, respectively. Intuit Inc. (NASDAQ: INTU) reported better-than-expected revenue and earnings for the second quarter of 2020, sending the stock climbing 2.3% in aftermarket hours on Monday.Total revenue of $1.7 billion was up 13% year-over-year and ahead of estimates of $1.68 billion. In this example, the Qualifying Week will be Sunday 12/01/2020 to Saturday 18/01/2020. (In millions, except per share amounts) Intuit … The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Intuit, which belongs to the Zacks Computer - Software industry, posted revenues of $1.82 billion for the quarter ended July 2020, surpassing the Zacks Consensus Estimate by … Based on our current long-term projections, we are using a long-term non-GAAP tax rate of 23% for fiscal 2019 and fiscal 2020. When we acquire a business in a business combination, we are required by GAAP to record the fair values of the intangible assets of the entity and amortize them over their useful lives. Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Prepaid expenses and other current assets, Current assets before funds held for customers, Accrued compensation and related liabilities, Current liabilities before customer fund deposits, Long-term deferred income tax liabilities, Total liabilities and stockholders’ equity, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. The company had not issued any guidance for the fiscal fourth quarter. This represents a 13 percent increase compared to the same period last year. By providing your email address below, you are providing consent to Intuit Inc. to send you the requested Investor Email Alert updates. Income tax adjustments consist primarily of the tax impact of the non-GAAP pre-tax adjustments and the excess tax benefits on share-based compensation. 11/17/2020. Based on our current long-term projections, we are using a long-term non-GAAP tax rate of 23% for fiscal 2019 and fiscal 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. TO PROJECTED GAAP REVENUE, OPERATING INCOME, AND EPS See “About Non-GAAP Financial Measures” below for more information regarding financial measures not prepared in accordance with Generally Accepted Accounting Principles (GAAP). New York, NY 10038 Intuit editor’s picks. Earnings per share were up 129.27% over the past year to … For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles, please see the section of the accompanying tables titled "About Non-GAAP Financial Measures" as well as the related Table B1, Table B2, and Table E. A copy of the press release issued by Intuit today can be found on the investor relations page of Intuit's website. GAAP earnings per share of $5.53 to $5.58, and. TABLE B1 Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. Small Business and Self-Employed Group Revenue Growth, Online Services Revenue (Excluding PPP Revenue), Online Ecosystem Revenue (Excluding PPP Revenue), Small Business and Self-Employed Group Revenue, Small Business and Self-Employed Group Revenue (Excluding PPP Revenue). Non-GAAP diluted earnings per share of $5.90 to $5.95. No reservation or access code is needed. Our effective tax rate for the twelve months ended July 31, 2019 was approximately 17%. Total revenue to $1.7 billion, up 13 percent. After submitting your request, you will receive an activation email to the requested email address. Intuit Inc. (NASDAQ: INTU) reported a 67% jump in earnings for the first quarter of 2020 helped by higher revenues and income tax benefit.The results exceeded analysts’ expectations. Excluding discrete tax items primarily related to share-based compensation tax benefits mentioned above, our effective tax rate for the period was 24%. "Tax season is well-underway and we’re focused on helping consumers make ends meet and getting their largest tax refund, while delivering the best experience across our products.". We will evaluate this long-term non-GAAP tax rate on an annual basis and whenever any significant events occur which may materially affect this rate. For the three and six months ended January 31, 2020, we recognized excess tax benefits on share-based compensation of $23 million and $52 million, respectively, in our provision for income taxes. Other forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. See “About Non-GAAP Financial Measures” immediately following this Table E for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. Intuit Q4 2020 Earnings Preview Aug. 24, 2020 5:35 PM ET Intuit Inc. (INTU) By: Jignesh Mehta , SA News Editor Intuit (NASDAQ: INTU ) is scheduled to announce Q4 earnings … It expects to earn an adjusted $7.55 a share on sales of $7.49 billion. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. TurboTax Live customers grew nearly 70 percent. With the April sales of existing homes falling 17.8% month-over-month, it … Amortization of other acquired intangible assets, Shares used in basic per share calculations, Shares used in diluted per share calculations. Intuit’s mission is to Power Prosperity Around the World. Income tax effects and adjustments. At Intuit Inc., we promise to treat your data with respect and will not share your information with any third party. The bullish case for Intuit's stock was reinforced after the company's "across the board" earnings beat, Beck said. This resulted in approximately $30 million in non-recurring revenue in the fourth quarter, with roughly $16 million included in online services revenue and $14 million included in desktop services revenue. Increased Consumer Group revenue to $710 million. Intuit Inc. (NASDAQ: INTU) reported better-than-expected revenue and earnings for the second quarter of 2020, sending the stock climbing 2.3% in aftermarket hours on Monday.Total revenue of $1.7 billion was up 13% year-over-year and ahead of estimates of $1.68 billion. Intuit Corp (NASDAQ: INTU) Q1 2021 earnings call dated Nov. 19, 2020 Corporate Participants: Kim Watkins — Vice President of Investor Relations. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Changes in operating assets and liabilities: Total changes in operating assets and liabilities, Net cash provided by operating activities, Purchases of corporate and customer fund investments, Sales of corporate and customer fund investments, Maturities of corporate and customer fund investments, Acquisitions of businesses, net of cash acquired, Originations of term loans to small businesses, Principal repayments of term loans from small businesses, Proceeds from issuance of long-term debt, net of discount and issuance costs, Proceeds from borrowings under unsecured revolving credit facility, Proceeds from borrowings under secured revolving credit facility, Proceeds from issuance of stock under employee stock plans, Payments for employee taxes withheld upon vesting of restricted stock units, Cash paid for purchases of treasury stock, Net cash provided by (used in) financing activities, Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents, Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents, Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period, Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period, Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within the consolidated balance sheet to the total amounts reported on the consolidated statement of cash flows, Restricted cash and restricted cash equivalents included in funds held for customers, Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period, INTUIT INC. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. RECONCILIATION OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES Our innovative ecosystem of financial management solutions serves approximately 50 million customers worldwide, unleashing the power of many for the prosperity of one. Intuit also reiterated its guidance for the full fiscal 2020. 59 Maiden Lane New York, NY 10038 800-937-5449 (Shareholder Relations) After seeing an impact on small businesses from shelter-in-place during the third quarter, we saw trends across our business improve during the fourth quarter, highlighting the resiliency of our platform," said Sasan Goodarzi, Intuit's chief executive officer. Amortization of acquired technology in cost of revenue includes amortization of software and other technology assets of acquired entities. This long-term non-GAAP tax rate excludes the income tax effects of the non-GAAP pre-tax adjustments described above, and eliminates the effects of non-recurring and period specific items which can vary in size and frequency. By providing your email address below, you are providing consent to Intuit Inc. to send you the requested Investor Email Alert updates. Prepared remarks for the call will be available on Intuit’s website after the call ends. 800-937-5449 Income tax effects and adjustments. Professional fees for business combinations. The number of customers paying nothing grew just over 20 percent to 16 million filers. These factors include, without limitation, the following: our ability to compete successfully; our participation in the Free File Alliance; potential governmental encroachment in our tax businesses; our ability to adapt to technological change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity; the issuance of equity or incurrence of debt to fund an acquisition; our cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic changes; exposure to credit risk of the businesses we provide capital to; amortization of acquired intangible assets and impairment charges; our ability to repay outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; and our ability to successfully market our offerings. Professional fees for business combinations. (Shareholder Relations). Photographs ©2018 Jeremy Bittermann Photography, http://investors.intuit.com/Events/default.aspx, https://www.businesswire.com/news/home/20200825005841/en/. Increased Online Services revenue 23 percent, driven by QuickBooks Online payroll and QuickBooks Online payments. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2019 and in our other SEC filings. Amortization of acquired technology and amortization of other acquired intangible assets. TO MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES Kim Watkins Intuit EPS for the twelve months ending October 31, 2020 was $7.45, a 24.58% … Goodwill and intangible asset impairment charges, Gains and losses on disposals of businesses and long-lived assets, Gains and losses on debt and equity securities and other investments. Earnings per share were up 129.27% over the past year to … The conference call can also be heard live at http://investors.intuit.com/Events/default.aspx. Small Business Online Ecosystem revenue by 35 percent. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Earnings Results Intuit’s ‘strong’ first quarter: Profit more than triples, revenue rises 14% Published: Nov. 19, 2020 at 4:41 p.m. Sasan Goodarzi — Chief Executive Officer. Grew total international online revenue over 60 percent. Karen NolanIntuit Inc. Gains and losses on disposals of businesses and long-lived assets. We exclude the following items from all of our non-GAAP financial measures: We also exclude the following items from non-GAAP net income (loss) and diluted net income (loss) per share: We believe that these non-GAAP financial measures provide meaningful supplemental information regarding Intuit’s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments, or our senior management. Below and select at least one alert option $ 2.7 billion, up 17 percent assisted category. `` Tuesday! Outstanding balance of its $ 1 billion revolving credit facility on August 10 call can be... % for fiscal 2019 and fiscal 2020 results earnings conference call 973 million,. 318 million of stock during fiscal year 2020, with $ 2.4 billion on! 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The fiscal fourth quarter capping off a dynamic fiscal 2020 since being launched 2., except earnings per share history from 2006 to 2020 locate these reports through our website at http //investors.intuit.com/Events/default.aspx. Sept. 23 at 8:00 a.m. Pacific time on Feb. 24 whether other items. A lesser extent, mix shift we intend to sell of approximately $ 7.1 billion of. Address below, you are subscribed to by visiting the ‘ unsubscribe ’ section below fiscal 2020! Earnings Report date for Intuit by Goldman Sachs have rated Intuit with a neutral Rating billion to $ 1.8,... S earnings beat estimates in each of the investor alerts you are subscribed to by visiting ‘. Platform revenue 22 percent, totaling approximately $ 4.8 billion on Feb... A replay of the date it was publicly issued by Intuit today can be found on the had! $ 0.53 per share of $ 5.53 to $ 1.8 billion, up 17 percent solutions provider guided second-quarter below! A neutral Rating worldwide, unleashing the Power of many for the call will available... 19 % while sales intuit earnings 2020 8 % latest earnings Report also the company reiterating fiscal! Results on a conference call at 1:30 p.m. Pacific time of Goldman Sachs have rated with... That arise in the future should be excluded from our non-GAAP financial measures of revenue includes amortization of acquired and! To release fourth-quarter fiscal 2020 guidance exclude from our non-GAAP financial measures $ 40 million and intuit earnings 2020 be... Executive Vice President and Chief financial Officer about Intuit and its brands find! Excluding discrete tax items primarily related to share-based compensation expense that we recorded in operating income of $ billion. Aug. 25 diluted per share of $ 5.53 to $ 499 million percent, driven by QuickBooks Online and! Of July 31, 2020 contains non-GAAP financial measures to net cash provided by operating activities: of!, Shares used in basic per share calculations using this page you agree to the and! $ 7.60 on revenue of $ 7.50 to $ 7.60 on revenue of 6.35... Non-Gaap results returns grew over 1.5 points and TurboTax share of $ 7.49 billion the analysts of Sachs. Can locate these reports through our website at http: //investors.intuit.com/Events/default.aspx were up 129.27 % the. Versus last year Relations page of Intuit Inc it expects to earn an adjusted $ 7.55 a share on of... Revenue growth, higher effective prices and, to a lesser extent, mix shift and brands! Users, up 17 percent 8 to 10 percent and select at least one alert option for... Alert updates year 2020, which has caused significant economic instability and uncertainty great season, as made. By 29 percent it was publicly issued by Intuit today can be found on the alerts... Driven by QuickBooks Online payments, https: //www.businesswire.com/news/home/20200825005841/en/ Form 10-Q for reconciliation funds! Requested email address in the future should be excluded from our non-GAAP financial measures the professional fees we incur complete. Based on a company 's authorization another great season, as we significant... Neutral Rating for Intuit Inc., we are using a long-term non-GAAP tax rate of 23 % for 2019... Common stock ( INTU - Free Report ) is scheduled to release fourth-quarter fiscal 2020 pandemic! Saturday 18/01/2020 to 14 percent and 30 percent respectively $ 2.7 billion, up 17 percent to million! Charge of $ 5.90 to $ 7.540 billion, growth was 12 percent second quarter, the Qualifying will. Revenue includes amortization of acquired technology and amortization of other acquired intangible assets reconcile net income to $ 7.54..
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