INTUIntuit

Technology · Software · Nasdaq

Intuit is a global financial technology platform with a mission to power prosperity around the world. 10-K, Item 1

Employees: 18,600
Headquarters: Mountain View, CA
CEO: Sasan K. Goodarzi
Next results: around Nov 19, 2026

1 paragraph in Risk Factors of the 10-K filed Sep 9, 2026 with nothing like it in the 10-K filed Sep 3, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

can be no assurance that our new or enhanced solutions and AI innovations will be successful, adopted, or monetizable or that we will innovate effectively to keep pace with the rapid evolution of AI across the industries in which we compete.
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New in the latest 10-Q

9 paragraphs in the 10-Q filed May 20, 2026 with nothing like them in the 10-Q filed Feb 26, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

Financial statements and notes

The pending proceedings also include a class action lawsuit that was filed in the Ontario (Canada) Superior Court of Justice on August 25, 2022.
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R evenue classified by significant service and product offerings was as follows:
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In May 2026, our management approved and initiated a plan (the 2026 Plan) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the 2026 Plan, we will reduce our full-time workforce and are considering the closure of certain sites in service to growing technology teams and capabilities in strategic locations. We estimate that we will incur approximately $ 300 million to $ 340 million in restructuring charges in connection with the 2026 Plan, primarily in the fourth fiscal quarter ending July 31, 2026. These charges will consist primarily of cash expenditures related to severance payments and employee benefits. We expect the actions associated with the 2026 Plan to be substantially complete by the first quarter of fiscal 2027. Actual costs may vary from the estimates provided above.
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In May 2026, our management approved and initiated a plan (the 2026 Plan) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the 2026 Plan, we will reduce our full-time workforce and are considering the closure of certain sites in service to growing technology teams and capabilities in strategic locations. We estimate that we will incur approximately $300 million to $340 million in restructuring charges in connection with the 2026 Plan, primarily in the fourth fiscal quarter ending July 31, 2026. These charges will consist primarily of cash expenditures related to severance payments and employee benefits. We expect the actions associated with the 2026 Plan to be substantially complete by the first quarter of fiscal 2027. Actual costs may vary from the estimates provided above.
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management agents, transforming how our small and mid-market business customers manage their finances by automating a variety of day-to-day tasks, and increasing productivity.
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Other information

On March 12, 2026, Sandeep S. Aujla, Executive Vice President and Chief Financial Officer, terminated a plan that was adopted on September 26, 2025 for the sale of up to 12,940 shares of the Company’s common stock between January 5, 2026 and October 9, 2026, subject to certain conditions.
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On March 12, 2026, Anton Hanebrink, Executive Vice President, Chief Corporate Strategy & Development Officer, terminated a plan that was adopted on October 10, 2025 for the sale of up to 15,000 shares of the Company’s common stock between January 9, 2026 and October 9, 2026, subject to certain conditions.
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On March 12, 2026, Kerry J. McLean, Executive Vice President, General Counsel and Corporate Secretary, terminated a plan that was adopted on October 3, 2025 for the sale of up to 25,077 shares of the Company’s common stock between January 2, 2026 and October 9, 2026, subject to certain conditions.
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On March 14, 2026, Scott D. Cook, Board Member and Founder, terminated a plan that was adopted on September 3, 2025 for the sale of up to 1,843,868 shares of the Company’s common stock between December 3, 2025 and October 9, 2026, subject to certain conditions.
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The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed May 20, 2026 against Item 1A of the 10-K filed Sep 3, 2025. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (~~cut words struck through~~, new words highlighted and underlined). Text on the page, not a score; each links to the filing at sec.gov.

All 10 Added 4 Reworded 6 Quiet changes 0

Added10-Q 2026-05-20 vs 10-K 2025-09-03

workplace model, where our workforce spends a portion of their time working away from our offices, increases the potential for attacks and adds operational complexity that exacerbates our security-related risks.

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Added10-Q 2026-05-20 vs 10-K 2025-09-03

willingness of customers to use our products, and our financial results. Further, as we develop our platform to connect people to experts, such as connecting TurboTax customers with tax experts through our TurboTax Expert Assist and TurboTax Expert Full Service offerings, or connecting QuickBooks customers with bookkeepers through our QuickBooks Live offering, we face the risk that these experts may provide advice that is erroneous, ineffective or otherwise unsuitable. Any such deficiency in the advice given by these experts may cause harm to our customers, a loss of customer confidence in our offerings or harm to our reputation or financial results. Moreover, as we continue to incorporate emerging technologies, like AI, into our offerings, they may not function as designed or have unintended consequences, any of which could subject us to new or enhanced competitive harm, legal liability, regulatory scrutiny or reputational harm.

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Added10-Q 2026-05-20 vs 10-K 2025-09-03

Stock repurchase activity during the three months ended April 30, 2026 was as follows:

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Added10-Q 2026-05-20 vs 10-K 2025-09-03

Note: On August 20, 2024, our Board of Directors approved an increase in the authorization under the existing stock repurchase program under which we are authorized to repurchase up to an additional $3 billion of our common stock. On August 19, 2025, our Board of Directors approved an increase in the authorization under the existing stock repurchase program under which we are authorized to repurchase up to an additional $3.2 billion of our common stock. All of the shares repurchased during the three months ended April 30, 2026 were purchased under these plans. At April 30, 2026, we had authorization from our Board of Directors for up to $1.9 billion in stock repurchases. On May 7, 2026, our Board of Directors approved an increase in the authorization under the existing stock repurchase program to repurchase up to an additional $8.0 billion of our common stock.

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