What Companies Does Intuit Own?

Intuit Inc., a prominent American business software company, has an extensive portfolio of subsidiaries and acquisitions. Some of the notable companies under Intuit’s ownership include Credit Karma, Mint, Mailchimp, Lacerte Software Corp, and TradeGecko. These acquisitions have expanded Intuit’s product offerings and strengthened its presence in various sectors, such as personal finance, tax preparation, and email marketing.

Key Takeaways:

• Intuit owns a range of companies in different industries.
• Some of Intuit’s notable subsidiary companies include Credit Karma, Mint, Mailchimp, Lacerte Software Corp, and TradeGecko.
• These acquisitions have expanded Intuit’s product offerings and strengthened its presence in personal finance, tax preparation, and email marketing sectors.

Intuit’s Subsidiaries and Acquisitions

Intuit, a leading American business software company, has made strategic acquisitions to expand its product portfolio and solidify its position in the market. Through these acquisitions, Intuit has brought several well-known brands under its umbrella.

Credit Karma

Credit Karma, a multinational personal finance company, is one of the notable acquisitions by Intuit. Known for its free credit and financial management platform, Credit Karma brings valuable expertise and resources to Intuit’s offerings.

Mint

Mint, a popular personal financial management website and mobile app, is another significant addition to Intuit’s portfolio. Mint allows users to track their finances, budget effectively, and monitor their credit scores, providing individuals with a comprehensive financial management tool.

Mailchimp

Intuit’s acquisition of Mailchimp further expands its capabilities in marketing automation and email marketing. Mailchimp’s platform enables small business owners to manage their marketing campaigns efficiently, streamlining their operations and driving growth.

Lacerte Software Corp

Lacerte Software Corp, a developer of tax software for professional accountants, is yet another acquisition by Intuit. With Lacerte’s expertise in tax preparation software, Intuit strengthens its position in the market and enhances its offerings for professionals in the accounting industry.

TradeGecko

TradeGecko, a software-as-a-service company specializing in online inventory and order management, joins Intuit’s portfolio to provide small businesses with effective tools to streamline their operations. With TradeGecko’s solutions, Intuit empowers entrepreneurs to manage their inventory and orders efficiently, facilitating growth and success.

Acquisition	Description
Credit Karma	A multinational personal finance company known for its free credit and financial management platform.
Mint	A popular personal financial management website and mobile app that allows users to track their finances and budget effectively.
Mailchimp	A marketing automation platform and email marketing service that helps small business owners manage their marketing campaigns in one place.
Lacerte Software Corp	A developer of tax software for professional accountants, strengthening Intuit’s offerings in tax preparation.
TradeGecko	A software-as-a-service company specializing in online inventory and order management, providing small businesses with effective tools.

Intuit’s Growth and Financial Impact

As a leading player in the business software industry, Intuit has witnessed impressive growth and achieved significant financial success. Since its initial public offering in 1993, the company has expanded its operations globally, cementing its position as a market leader.

Intuit’s unwavering commitment to innovation has resulted in remarkable financial figures. With a revenue of $14.37 billion in 2023, the company demonstrates its ability to generate substantial income. The operating income stands at $3.141 billion, with a net income of $2.384 billion, solidifying Intuit’s profitability.

Intuit’s success is further highlighted by its total assets amounting to $27.78 billion, indicating its strong financial foundation. Additionally, the company’s total equity of $17.27 billion exemplifies its robust position in the market. A testament to its continuous growth and development, Intuit currently has approximately 18,200 employees dedicated to driving its success.

Striving for sustained growth and market dominance, Intuit actively seeks opportunities for strategic investments and partnerships. With a wide range of affiliates in its portfolio, Intuit leverages synergies to further strengthen its market presence. This relentless pursuit of growth is reflected in its market capitalization, which currently stands at an impressive $50 billion.