Last year, 45 million of the 160 million total IRS returns were processed using Intuit's TurboTax, showcasing the company's prominent position in the industry.
QuickBooks handled $300 billion in payroll, demonstrating its significant role in the industry and its capability to process large volumes of financial transactions.
Barron's recently gave Intuit an "Overperforming" rating and predicted a 15% rise in stock prices. This is due to Intuit's prominent place in the industry and its recent advances in AI technology, which are providing cost savings for customers and attracting and retaining clients.