The company's goal is to grow its profitability at a faster pace than sales, and its enviable profit margin (operating margin of 30% in the last year) provides it with a steady stream of cash to invest in its consumer and small business software.
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And at 40 times trailing 12-month free cash flow (revenue minus cash operating expenses and capital expenditures), Intuit looks like a value play in this sandbox. A "value" play in the fintech universeįintech stocks like Intuit are thus an exciting place to invest in within the financial services sector. alone, according to the Federal Reserve Bank of St.
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And with trailing 12-month revenue of $7.8 billion, this is still a relatively small company when compared to the massive financial services industry it operates in, which is worth over a trillion dollars in annual spending in the U.S. Given the rising importance of the digital realm, Intuit's aspirations to connect the world to financial advice should be a growth story for the foreseeable future.
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31, 2020) revenue and adjusted operating income increased 14% and 159% from a year ago, the latter metric getting a big boost as Intuit's bottom line rebounds off of low profitability in the last couple years as the software company has invested heavily to promote growth. And fiscal Q1 2021 (the three months ended Oct. The company's revenue and adjusted operating profit grew 13% and 17%, respectively, in fiscal 2020 to $7.68 billion and $2.18 billion. And in the remote-work world that COVID-19 thrust all of us into, Intuit has a myriad of solutions to help. In total, Intuit's diverse stable of software spans services worth hundreds of billions of dollars every year. Mint and Turbo help millions of households manage their budgets, monitor their credit scores, and connect with the right financial products for their situations - and the recent announcement that the company would purchase former rival Credit Karma will only build on Intuit's strength on this front. QuickBooks and TurboTax offer a myriad of tools to automate and simplify business and personal finance admin using AI. Though many consumers and small businesses were dealt an incredibly difficult hand by the pandemic, Intuit was an integral part of helping many to bridge the troubled waters that were 2020. Empowering consumers and small businesses
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But this financial services company is more than just an investment play on tax season: Fintech is busting down old barriers between historically partitioned financial services, and Intuit looks poised to benefit - although it may not be the most exciting stock in this space. For many investors, Intuit ( INTU 3.95%) - the parent company of QuickBooks, TurboTax, and Mint - and its stock might come to mind. With the arrival of a new year comes the flurry of activity that is tax season.