Intuit Inc
NASDAQ:INTU
Gross Margin
Intuit Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Intuit Inc
NASDAQ:INTU
|
159.4B USD |
79%
|
|
| US |
|
Ezenia! Inc
OTC:EZEN
|
567B USD |
62%
|
|
| DE |
|
SAP SE
XETRA:SAP
|
269.7B EUR |
73%
|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
230.4B USD |
77%
|
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
170.1B USD |
80%
|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
155.3B USD |
89%
|
|
| US |
N
|
NCR Corp
LSE:0K45
|
120.3B USD |
20%
|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
74.6B USD |
75%
|
|
| US |
|
Microstrategy Inc
NASDAQ:MSTR
|
73B USD |
72%
|
|
| CA |
|
Constellation Software Inc
TSX:CSU
|
92.5B CAD |
98%
|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
64.7B USD |
86%
|
Intuit Inc
Glance View
Intuit Inc., a powerhouse in financial software, has evolved from its humble beginnings in the mid-1980s, when Scott Cook and Tom Proulx envisioned a seamless way for individuals to manage personal finances. The cornerstone of their vision was Quicken, a groundbreaking product that simplified checkbook balancing and financial tracking, swiftly gaining a loyal customer base. This inspired Intuit to expand its software offerings, delving into the complexities of tax preparation and small business management. TurboTax emerged as a dominant force in the tax software arena, revolutionizing how consumers and small businesses navigate the labyrinth of tax codes. QuickBooks soon followed, providing an indispensable tool for small businesses to streamline their accounting processes, manage payroll, and handle invoices with minimal effort. Today, Intuit earns its robust revenues by employing a subscription-based model for these flagship products, combining user-friendly interfaces with sophisticated, cloud-driven analytics that offer unparalleled financial insights. The company has deftly embraced the digital age by leveraging cloud technology, artificial intelligence, and machine learning to offer tailored solutions, thus driving customer loyalty through continuous innovation. By bundling these services and expanding through strategic acquisitions—such as Mint, a personal finance app, and Credit Karma, a credit and financial management platform—Intuit continues to diversify its portfolio and reinforce its position in the financial technology landscape. Through a mix of direct-to-consumer sales and partnerships with financial institutions, Intuit sustains its formidable presence, addressing the financial needs of millions across the globe.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Intuit Inc's most recent financial statements, the company has Gross Margin of 79%.
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