intuit revenue 2020Blog

intuit revenue 2020

We believe 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. This press release contains forward-looking statements, including forecasts of expected growth and future financial results of Intuit and its reporting segments; Intuit’s prospects for the business in fiscal 2020 and beyond; expectations regarding timing and growth of revenue for each of Intuit’s reportable segments and from current or future products and services; expectations regarding customer growth; expectations regarding changes to our products and their impact on Intuit’s business; expectations regarding the amount and timing of any future dividends or share repurchases; expectations regarding availability of our offerings; expectations regarding Intuit’s corporate tax rate; expectations regarding the impact of our strategic decisions on Intuit’s business; and all of the statements under the heading “Forward-looking Guidance.” Start for free today and join the millions who file with TurboTax.



See quarterly reports filed on Form 10-Q for reconciliation of funds held for customers by investment category. Payments for employee taxes withheld upon vesting of restricted stock units QuickBooks Self-Employed provides freelancers and independent contractors with an easy and affordable way to manage their finances and save money at tax time, while Mint delivers financial tools and insights to help people make smart choices about their money. The following table summarizes the total share-based compensation expense that we recorded in operating income for the periods shown. Amortization of other acquired intangible assets

Proceeds from issuance of stock under employee stock plans Please check your download folder. Terms and conditions, features, support, pricing, and service options subject to change without notice.Intuit Second Quarter Revenue Increased 13 Percent; Small Business Online Ecosystem Revenue Grew 35 Percent Our effective tax rates for the three and six months ended January 31, 2020 were approximately 15% and 2%, respectively. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We compute our provision for or benefit from income taxes by applying the estimated annual effective tax rate to income or loss from recurring operations and adding the effects of any discrete income tax items specific to the period. 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. For the six months ended January 31, 2019, we reclassified the net change in customer fund deposits in the condensed consolidated statements of cash flows from investing activities to financing activities to conform to the current presentation.


Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Easily file federal and state income tax returns with 100% accuracy to get your maximum tax refund guaranteed.

Amortization of other acquired intangible assets

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.
In the first nine months of fiscal 2020, Intuit's revenue rose just 1% to $5.9 billion, while its adjusted EPS declined 11%.

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