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Valued at a market cap of $187.4 billion, Intuit Inc. (INTU) is a financial software company that develops and sells financial management, accounting, and tax preparation software and related services. The California-based company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.
Shares of the tax and accounting software provider have outperformed the broader market over the past 52 weeks. INTU has rallied 37.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 27.8%. But, in 2024, shares of INTU gained 7.3%, lagging behind SPX’s 17.8% return on a YTD basis.