Q4 FY22 results showed Intuit meeting or exceeding its growth targets in all segments. Intuit Long-Term Revenue Growth Expectations By Segment At its last investor day in September 2021, management reaffirmed these long-term targets, and set out revenue growth targets of 10-15% for Small Business & Self-Employed (“SBSE”), 8-12% for Consumer and 20-25% for Credit Karma: Intuit has historically targeted and delivered double-digit revenue growth as well as an expanding EBIT margin.

Since 2018, Intuit has further expanded its addressable market through acquisitions, including into personal finance products (with Credit Karma) and small business marketing solutions (with Mailchimp). Source: Intuit investor day presentation (Sep-21). Under the 'One Intuit Ecosystem' strategy since 2017, management has enabled the flow of data across its platform as well as opened it to third-party operators, creating a powerful ecosystem of apps, data analytics and referrals: Intuit is also a platform business, enjoying strong economies of scale, operational leverage and the ability to cross-sell. and selected international markets, on a largely recurring revenue model (including with subscriptions). Intuit is one of the strongest businesses in our coverage, providing mission-critical software and services (with accounting and tax at the core) to small businesses and consumers in the U.S. However, with Intuit’s strong EPS growth, our forecasts still indicate a total return of 63% (14.5% annualized) by July 2026. Intuit shares now trade at a 40x P/E (on FY22 Non-GAAP EPS), slightly above our long-term assumption. Management has guided to another year of double-digit growth in FY23, and raised their long-term revenue growth target for the Small Business Segment. Q4 represented a strong finish to FY22, with revenues and Non-GAAP EBIT both again growing double-digits. Librarian Capital's Intuit Rating History vs. Shares have since gained 80% (including dividends) in just under three years, though the share price is currently down 14% from a year ago and 34% below its November peak: We initiated our Buy rating on Intuit in September 2019. INTU shares are up 6% this morning as of 11 am EST (at around $476). ( NASDAQ: INTU) released Q4 FY22 results overnight (Tuesday, August 23). Oxford- Introduction: Why is Intuit Stock Up?

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