This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intuit Reports Season-to-date TurboTax Unit Results

Intuit Inc. (Nasdaq: INTU) today issued its second of three season-to-date results for its fiscal year 2013 consumer tax offerings. From Jan. 30 through March 16, sales of TurboTax Online units increased 29 percent versus the comparable prior-year period. Total TurboTax federal units were up 26 percent in the same span.

Tax season typically begins in mid-January. This year, however, the Internal Revenue Service opened e-file Jan. 30, roughly two weeks later than usual. For the total season through March 16, total TurboTax federal units were flat year over year. “IRS data shows total returns are down 7 percent as of March 15,” said Dan Maurer, senior vice president and general manager of Intuit’s consumer group. “We’ve had strong growth since Jan. 30 and season-to-date we're taking share at retail, outperforming in mobile channels and maintaining our strong leadership position online. We’re looking forward to a strong end to the season. Millions of Americans still need to file their taxes.”

Intuit today also reiterated full-year Consumer Tax revenue growth guidance of 8 to 10 percent and company revenue growth guidance of 10 to 12 percent.

Season-to-date TurboTax Federal Unit Data

Season Through March 17, 2012

Season Through March 16, 2013


Year-over-year Change

Jan. 30- March 16, 2013 Change Versus Comparable Prior-year Period
TurboTax Desktop     5,073,000     4,954,000     -2%     15%
TurboTax Online     12,468,000     12,695,000     2%     29%
Sub-total TurboTax Units     17,541,000     17,649,000     1%     26%
TurboTax Free File Alliance     831,000     698,000     -16%     21%
Total TurboTax

    18,372,000     18,347,000     0%     26%

Note: Unit data through March 16, 2013.

The company will issue a third and final tax season update at the end of April.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs