Intuit
24 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
Credit Karma financial institution partners
earns fromnamed as a riskCredit Karma generates revenue from its relationships with financial institutions and other partners, which are subject to particular risks that affect their willingness to offer their products on Credit Karma's platform, such as adverse macroeconomic conditions, evolving limitations on their capacity to offer products on the platform, the introduction of competing products on their platforms, and increasing complexity in the regulatory environment.Risk factors (Item 1A)
Suppliers
Partners and platforms
Apple App Store
depends onnamed as a riskWe increasingly utilize third-party platforms, such as Apple’s App Store, Google’s Play Store, AI platforms and other digital channels, for the discovery and distribution of certain of our offerings, benefiting from the strong brand recognition and large user base of these platforms to attract new customers.Risk factors (Item 1A)
Also named by APP, COIN, DKNG, MELI, RBLX, SIRI, U, UBER and 2 more
Payment card networks
depends onnamed as a riskIn our payments processing service business, if a disputed transaction between a merchant and its customer is not resolved in favor of the merchant, we may be required to pay those amounts to the payment or credit card network and these payments may exceed the amount of the customer reserves established to make such payments.Risk factors (Item 1A)
Google Play Store
depends onnamed as a riskWe increasingly utilize third-party platforms, such as Apple’s App Store, Google’s Play Store, AI platforms and other digital channels, for the discovery and distribution of certain of our offerings, benefiting from the strong brand recognition and large user base of these platforms to attract new customers.Risk factors (Item 1A)
FDIC-member bank partner
depends onWe offer a variety of money products directly to consumers, including early refund access to any bank account, as well as Credit Karma Money branded savings and checking accounts through an FDIC-member bank partner.Business (Item 1)
Other companies
U.S. tax season (November through April)
concentrated innamed as a riskRevenue from income tax preparation products and services has historically been heavily concentrated from November through April, as the tax filing deadline for the IRS and many states is traditionally in April.Risk factors (Item 1A)
Small business and consumer loans
insures or lends tonamed as a riskThis activity exposes us to the risk of the borrowers’ inability to repay such loans or fraudulent activity in applying for such products.Risk factors (Item 1A)
Places
United States
concentrated in · approximately 8% of consolidated total net revenuenamed as a riskMoreover, because the majority of our revenue is derived from sales within the U.S., economic conditions in the U.S. have an even greater impact on us than companies with a more diverse international presence.Risk factors (Item 1A)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
California
operates innamed as a riskThis is especially the case in California and India where a significant number of our employees are located.Risk factors (Item 1A)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
India
operates innamed as a riskThis is especially the case in California and India where a significant number of our employees are located.Risk factors (Item 1A)
Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more
Hazards
Earthquake (seismic faults near headquarters)
operates innamed as a riskIn addition, since our corporate headquarters and other critical business operations are located near major seismic faults, our recovery in the event of a major earthquake or other catastrophic event may require us to expend significant time and resources and may adversely affect our financial condition and operating results.Risk factors (Item 1A)
Also named by A, ADBE, AEE, ARE, ARES, BLK, CDNA, CRC and 11 more
Commodities and inputs
Secured Overnight Financing Rate (SOFR)
exposed to its price · $970 million in variable rate borrowingsAdvances under the secured revolving credit facilities accrue interest indexed to a designated Secured Overnight Financing Rate (SOFR) plus a margin that varies by facility.Market risk (Item 7A)
Also named by ABR, ADBE, AGM, AMG, ARCC, BCSF, BRO, CAT and 21 more
Canadian dollar
exposed to its priceSince we translate foreign currencies, primarily related to foreign currencies in Canada, India, the United Kingdom, and Israel, into U.S. dollars for financial reporting purposes, currency fluctuations can have an impact on our financial results.Market risk (Item 7A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
Regulators
Federal Trade Commission (FTC)
subject to · through 2034named as a riskOur use of Credit Karma user data is also subject to a Federal Trade Commission (FTC) order that requires maintenance of a comprehensive security program and biennial independent security assessments through 2034.Risk factors (Item 1A)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
State revenue agencies
subject tonamed as a riskWe are also required to comply with a variety of state revenue agency standards in order to successfully operate our tax preparation and electronic filing services.Risk factors (Item 1A)
Laws and programs
2026 Credit Facility
depends on · $2.2 billion unsecured revolving credit facilityOn January 9, 2026, we terminated our amended and restated credit agreement dated February 5, 2024, and entered into a credit agreement with certain lenders providing for a $2.2 billion unsecured revolving credit facility that expires on January 9, 2031 (2026 Credit Facility).Market risk (Item 7A)
General Data Protection Regulation (GDPR)
subject tonamed as a riskFor example, the General Data Protection Regulation (GDPR) regulates the collection, use, and retention of personal information by our offerings in the EU.Risk factors (Item 1A)
Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more
EU Artificial Intelligence Act
subject tonamed as a riskFor example, in 2025, the European Union's Artificial Intelligence Act (AI Act) went into force regulating AI systems that affect individuals located in the EU.Risk factors (Item 1A)
Also named by ABNB, ADP, AIOT, AKAM, ALAB, AMG, APP, AVAV and 24 more
EU-U.S. Data Privacy Framework
subject tonamed as a riskWhile the EU-U.S. Data Privacy Framework currently provides a basis for us to transfer personal data from the European Union to the U.S., the future of this framework is uncertain because it faces legal challenges in the European courts.Risk factors (Item 1A)
Also named by ADBE, APP, CRM, CRWD, DDOG, DOCN, GTLB, IDXX and 12 more
IRS Free File Program
competes withnamed as a riskAdditionally, the legacy IRS Free File Program enables the IRS to offer free commercial tax software directly to qualifying taxpayers, and taxpayer adoption of this program could expand with increased awareness of and government support for the program.Risk factors (Item 1A)
Also named by HRB