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turbotax ck creditkarma INTUIT Products Investor Relations Resources View All News mint ab quickbooks Support and Communities Intuit Reports Second Quarter Results and Reiterates Full Year Guidance ; Small Business Online Ecosystem Revenue Grew 22 Percent FEB 23 , 2021 Revenue Operating Income ( Loss ) Earnings Per Share mailchimp MOUNTAIN VIEW , Calif .-- ( BUSINESS WIRE ) -- Intuit Inc. ( Nasdaq : INTU ) , maker of TurboTax , QuickBooks , Credit Karma and Mint , announced financial results for the second quarter of fiscal 2021 , which ended Jan. 31 . Financial Highlights For the second quarter , Intuit reported : Events & Presentations News Financial Information ✓ Corporate Governance ✓ " We continue to see strong momentum and accelerating innovation across the company with our A.l. - driven expert platform strategy , " said Sasan Goodarzi , Intuit's chief executive officer . " Small Business and Self - Employed Group delivered double - digit revenue growth and Credit Karma performed very well since we completed the acquisition in December . We are encouraged by our early results this tax season , and we are confident in our game plan to win . " Company Partners NASDAQ : INTU $ 450.53 -4.60 ( -1.01 % ) Pricing delayed by 20 minutes June 21 , 2023 4:00 PM Credit Karma • Total revenue of $ 1.6 billion , down 7 percent . . Small Business and Self - Employed Group revenue up 11 percent to $ 1.1 billion , while Online Ecosystem revenue grew 22 percent to $ 644 million . • Credit Karma revenue of $ 144 million since the acquisition closed on Dec. 3 . • Consumer Group revenue declined 71 percent to $ 147 million , driven by the later IRS opening this year . The IRS began accepting and processing returns starting Feb. 12 , compared to Jan. 27 last year . ● Unless otherwise noted , all growth rates refer to the current period versus the comparable prior - year period , and the business metrics and associated growth rates refer to worldwide business metrics . Snapshot of Second - quarter Results ● NM = Not Meaningful Dollars are in millions , except earnings per share . Q2 FY'21 GASP results include a $ 30 million gain from the sale of a note receivable that was previously written off . See " About Non - GAAP Financial Measures " below for more information regarding financial measures not prepared in accordance with Generally Accepted Accounting Principles ( GAAP ) . GAAP Q2 Q2 Q2 FY21 FY20 Change FY21 $ 1,576 $ ( 25 ) $ 270 NM FY20 Change $ 1,696 ( 7 ) % $ 1,576 $ 1,696 ( 7 ) % $ 235 $ 384 ( 39 ) % $ 0.07 $ 0.91 ( 92 ) % $ 0.68 $ 1.16 ( 41 ) % Business Segment Results Small Business and Self - Employed Group • Grew QuickBooks Online Accounting revenue 22 percent in the quarter , driven primarily by customer growth and mix - shift . • Increased Online Services revenue 20 percent , driven by QuickBooks Online payments and QuickBooks Online payroll . • Grew total international online revenue 44 percent . Capital Allocation Summary In the second quarter the company : Non - GAAP Q2 Combined income data from 26 million Turbo Tax returns with Credit Karma , with customer consent . The combination of verified income data with credit history will enable Credit Karma to better personalize offers for members . Integrated Credit Karma Money into the TurboTax filing experience . Consumer and ProConnect Groups • Launched Turbo Tax Live Full - Service , offering customers the ability to have an expert prepare and file their tax return for them . Reported $ 207 million of professional tax revenue in the ProConnect Group for the second quarter , down 8 percent , reflecting delayed forms availability . • Recorded total cash and investments balance of approximately $ 2.7 billion as of Jan. 31 . Repurchased $ 175 million of shares , with $ 2.2 billion remaining on the company's authorization . • Received Board approval for a quarterly dividend of $ 0.59 per share , payable April 19 , 2021. This represents an 11 percent increase compared to the same period last year . Forward - looking Guidance Intuit announced guidance for the third quarter of fiscal year 2021 , which ends April 30. The company expects : ♂ Privacy - Terms