Who Owns Intuit Company?

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Who Owns Intuit?

Intuit's ownership structure is key to understanding its strategic path and market impact. Since its IPO in 1993, its shares have been available to a wide range of investors.

Founded in 1983, Intuit has grown into a major financial technology provider, offering solutions like TurboTax and QuickBooks. The company's market capitalization reached approximately $225.22 billion as of July 30, 2025.

Understanding who owns Intuit provides insight into its governance and future direction.

Intuit was established in 1983 by Scott Cook and Tom Proulx, driven by a vision to simplify financial management for individuals and small businesses. Cook, inspired by his wife's financial challenges, saw the potential of personal computers to revolutionize accounting. Proulx, a programmer, brought the technical expertise to develop the initial software, which evolved into Quicken.

Founding Vision

Scott Cook identified a market need for user-friendly financial software after observing personal finance struggles. This insight fueled the creation of Intuit's intuitive products.

Co-Founder Expertise

Tom Proulx, a Stanford programmer, was instrumental in developing the foundational software. His technical skills were crucial in bringing the initial concept to life.

Company Naming

The name 'Intuit' was chosen to reflect the company's core mission: to create software that is easy to understand and use. This emphasis on intuitiveness remains a key aspect of its brand.

Early Development

The initial personal finance software was first developed in 1983, with a focus on customer feedback. This user-centric approach was integral to the company's early strategy.

Founder's Continued Influence

Scott Cook, one of the original founders, continues to hold a significant stake in the company. As of August 4, 2024, he owns 2.54% of Intuit's stock.

Customer-Centric Approach

From its inception, Intuit prioritized extensive customer interviews and user testing. This commitment ensured that its products directly addressed consumer needs and usability expectations.

Intuit's journey began with a clear focus on user experience, a principle that guided its early product development and continues to shape its strategy. The company's commitment to understanding and serving its customers has been a cornerstone of its sustained growth and market presence, differentiating it within the financial technology sector. Examining the Competitors Landscape of Intuit further highlights the impact of this foundational approach.

Intuit Ownership Overview

Intuit is a publicly traded company, meaning its ownership is distributed among various shareholders. While founders laid the groundwork, current Intuit ownership is diverse, reflecting its status as a major corporation.

• Intuit ownership is primarily held by its shareholders.
• The company is not controlled by a single owner.
• Institutional investors and individual shareholders form the core of Intuit's ownership structure.
• Understanding Intuit stock ownership involves looking at filings from regulatory bodies.

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Intuit's journey as a publicly traded entity began on March 12, 1993, with an initial split-adjusted price of $2.03 per share. This transition marked a significant shift in its ownership structure, paving the way for broad public investment and evolving stakeholder influence over its corporate direction.

The ownership landscape of Intuit has transformed considerably since its inception, with institutional investors now holding the vast majority of its shares. As of July 20, 2025, these entities collectively own about 86% of Intuit's outstanding stock, underscoring their significant influence on the company's governance and strategic decisions. This broad institutional backing provides a stable financial foundation, supporting Intuit's ongoing growth and innovation initiatives.

Intuit's Major Institutional Shareholders

Institutional investors are the dominant force in Intuit's ownership structure, with several key players holding substantial stakes. Their investment decisions and engagement often shape company strategy and reflect confidence in Intuit's market position.

• The Vanguard Group, Inc. holds 9.8% of outstanding shares as of July 20, 2025.
• BlackRock, Inc. possesses 8.7% ownership.
• State Street Global Advisors, Inc. manages approximately 4.5% of Intuit's stock.
• Other significant holders as of March 31, 2025, include T. Rowe Price Associates Inc/Md/ with 9,018,770 shares and JPMorgan Chase & Co. with 8,855,622 shares.

While institutional investors command a large portion of Intuit's stock, individual ownership also plays a role, albeit a smaller one. Scott D. Cook, a co-founder, remains the primary individual shareholder, holding 2.54% of the company's shares as of August 4, 2024. The collective holdings of the top 24 shareholders amount to 50% of the company, indicating a diversified ownership base where no single entity has absolute control. This distribution of ownership ensures that Intuit's board must consider a wide range of stakeholder interests, aligning with the company's Mission, Vision & Core Values of Intuit.

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As of November 15, 2024, Intuit's Board of Directors comprises 13 members, including CEO Sasan Goodarzi and 12 other directors, 8 of whom are independent. Suzanne Nora Johnson serves as Board Chair. The board's composition reflects a commitment to diverse expertise in areas such as financial services, AI, and SaaS product innovation.

Each share of Intuit common stock carries one vote for director nominations and other company proposals, a structure consistent with its proxy statements for both the January 18, 2024, and January 23, 2025, annual meetings. This one-share-one-vote principle is fundamental to Intuit ownership and how shareholders influence corporate decisions. The board's strategic focus includes customer domain expertise, go-to-market strategies, and financial acumen, aiming to drive product innovation in SaaS, mobile, and money services. There have been no reported proxy battles or activist investor campaigns impacting Intuit during the 2024-2025 period, suggesting a stable corporate governance environment.

Intuit's Voting Power and Shareholder Influence

Understanding Intuit ownership involves recognizing the power of each share. The company operates on a one-share-one-vote system, ensuring all shareholders have a voice.

• Intuit's Board of Directors has 13 members as of November 2024.
• 8 of the 13 directors are classified as independent.
• Shareholders vote on director nominees and company proposals.
• Scott D. Cook, a co-founder, remains a director.
• The company's Marketing Strategy of Intuit is guided by its leadership and board.

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Over the last three to five years, Intuit has solidified its position as an AI-driven expert platform, a strategy that has influenced its ownership landscape through consistent financial activities and strategic initiatives. The company's commitment to returning value to shareholders is evident in its active share repurchase programs.

Intuit's strategic focus on being an AI-driven expert platform has been a key driver of its recent financial activities. The company's commitment to shareholder value is demonstrated through substantial share repurchase programs and a consistent increase in its quarterly dividend. These actions reflect a confidence in future financial performance and aim to enhance shareholder returns, impacting the overall Intuit stock ownership dynamics.

Share Repurchase Activity

In fiscal year 2024, Intuit repurchased $2.0 billion of its stock. The board further authorized an additional $3.0 billion for repurchases, bringing the total authorization to $4.9 billion. For the quarter ending April 30, 2025, share buybacks amounted to $752 million, marking a 31.47% increase year-over-year.

Dividend Increase

Intuit raised its quarterly dividend to $1.04 per share, payable on October 18, 2024. This represents a significant 16% increase from the previous year, underscoring the company's financial health and commitment to its shareholders.

Institutional Ownership Trends

As of July 20, 2025, institutional investors hold approximately 86% of Intuit's shares. This high level of institutional ownership suggests that the company's stock price is closely watched and influenced by the trading activities of these large entities.

Financial Outlook and Investor Events

Intuit projects strong financial performance for fiscal 2025, with revenues anticipated between $18.16 billion and $18.35 billion, indicating 12% to 13% growth. The company expects non-GAAP diluted earnings per share for fiscal 2025 to range from $19.16 to $19.36. Intuit will announce its fourth-quarter and full-year fiscal 2025 results on August 21, 2025, and will host an Investor Day on September 18, 2025, to discuss its strategy and future outlook, providing further insights into its Target Market of Intuit.

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