Intuit Inc.

“Intuit is a global financial technology platform with a mission to power prosperity around the world. Serving approximately 93 million consumers, small and mid-market businesses, and accountants worldwide”

“We organize our businesses into two reportable segments:”

“Effective August 1, 2026, we began managing Mailchimp as a separate operating segment from Global Business Solutions. Mailchimp will be a separate reportable segment beginning in fiscal 2027.”

“Effective August 1, 2025, we combined our Consumer, Credit Karma, and ProTax businesses into a single Consumer segment in order to better serve the diverse financial needs of our customers as one consumer platform.”

“Our Global Business Solutions segment offers products and services to small and mid-market businesses and consumers, such as payroll, payments, financing for small and mid-market businesses, and other financial service offerings”

“the tax offerings in our Consumer segment are subject to federal, state, and international government requirements, including regulations related to the electronic filing of tax returns”

“This segment serves small and mid-market businesses and accountants around the world.”

“TurboTax delivers do-it-yourself and assisted income tax preparation products and services sold in the United States (U.S.) and Canada.”

“QuickBooks and Intuit Enterprise Suite are offerings powered by our all-in-one business platform which includes financial management services, human capital management solutions such as payroll and time tracking, money solutions such as merchant payment processing, bill pay, checking accounts through an FDIC-member bank partner”

“Intuit Enterprise Suite provides mid-market businesses with a configurable, AI-powered solution that includes multi-entity and multi-dimensional financial management capabilities”

“Mailchimp. Mailchimp offers email and other marketing solutions that enable small and mid-market businesses to digitally promote themselves across email, social media, short message service (SMS), landing pages, ads, websites, and more, all from one place.”

“We derive our revenue primarily from the sale of online offerings such as tax, accounting, payroll, merchant payment processing services, delivery of qualified links, marketing automation, live expert advice, financing for small and mid-market businesses”

“Total international net revenue was approximately 8% of consolidated total net revenue in each of the twelve months ended July 31, 2026, 2025, and 2024.”

“Global Business Solutions60 %59 %59 % Consumer40 %41 %41 %”

“Global Business Solutions revenue of $12.9 B up 16% from fiscal 2025”

“our belief that our exposure to currency exchange fluctuation risk will not be significant in the future”

“money solutions such as merchant payment processing, bill pay, checking accounts through an FDIC-member bank partner”

“As of July 31, 2026, we had approximately 18,600 employees in seven countries. During fiscal 2026, we employed on average approximately 12,300 seasonal employees from January to April”

“As part of the 2026 Plan, we are reducing our full-time workforce and are closing certain sites in service to growing technology teams and capabilities in strategic locations.”

“We have a significant competitive advantage with our scale of proprietary data, domain-specific AI platform capabilities, and large network of AI-enabled human experts”

“We will become the all-in-one solution for mid-market customers, fueling their success by offering a better experience, better price, and lower total cost of ownership.”

“We also have a number of registered trademarks that include Intuit, QuickBooks, Lacerte, TurboTax, QB, ProSeries, ProConnect, Credit Karma, and Mailchimp.”

“AI is transforming the way we work, and we are invested in ensuring our employees have the skills to use it effectively and responsibly.”

“In fiscal 2026, we scaled a transformative set of AI agents that are dramatically improving how businesses run and grow.”

“the simplification of our organizational structure under our restructuring plan will allow us to become a faster, leaner, and more focused company”

“Our growth strategy depends upon our ability to innovate, develop, and continue to introduce emerging technologies, including AI, to drive broad adoption of our products and services and enter new markets.”

“our belief that our debt facilities will be available to us should we choose to borrow under them”

“we will return excess cash generated by operations to our stockholders through repurchases of our common stock and the payment of cash dividends”

“our expectation that total service revenue as a percentage of our total revenue will grow over the long term”

“We are subject to federal, state, local, and international laws and regulations that add compliance costs, affect how we operate, and may impact our ability to compete.”

“We face intense competition in all of our businesses, and we expect competition to continue to intensify in the future.”

“Our consumer and professional tax businesses depend significantly on revenue from customers who return each year to use our updated tax preparation and filing software and services.”

“third parties have asserted and may continue to assert infringement claims against us and our customers”

“if one of the counterparty financial institutions with whom we have significant deposits were to become insolvent, placed into receivership, or file for bankruptcy, our ability to recover our assets from such counterparty may be limited”

“Credit Karma generates revenue from its relationships with financial institutions and other partners, which are subject to particular risks that affect their willingness to offer their products on Credit Karma's platform”

“In certain instances, these third-party relationships are sole source or limited source relationships and can be difficult to replace or substitute”

“our accuracy guarantee commits us to reimburse penalties and interest paid by customers due solely to calculation errors in our tax preparation products”

“We often observe unauthorized copies of our software being sold through online marketplaces, and despite our effort to implement technical countermeasures, we expect piracy to continue to remain a persistent problem that results in lost revenue”

“as we connect customers to live tax experts and bookkeepers on our platform, we face the risk that these experts may provide advice that is erroneous, ineffective or otherwise unsuitable.”

“We operate in industries that are experiencing an increasing amount of fraudulent activities by malicious third parties, and those fraudulent activities are becoming increasingly sophisticated, including through the use of AI and other emerging technologies.”

“Our operations are impacted by a rapidly evolving regulatory environment and face increasingly heightened scrutiny.”

“Our future success also depends on our ability to attract, retain, and develop highly skilled employees... in a highly competitive talent market.”

“we and our customers have been and may continue to be subject to infringement claims as a result of the third-party intellectual property incorporated in our offerings, including through our use of AI.”

“Some of our offerings include third-party software that is licensed under "open source" licenses, some of which may include a requirement that, under certain circumstances, we make available, or grant licenses to, any modifications or derivative works”