Intuit (INTU) Risk Factor Changes

In addition, changes by any rating agency to our credit rating may negatively impact the value and liquidity of both our debt and equity securities.

We provide qualified small and mid-market businesses and consumers with access to capital from third-party lenders, including term loans, lines of credit and business credit cards.

requirements may strain our liquidity positions.

In addition, the evolution of global privacy treaties and frameworks has created compliance uncertainty and increased complexity.

Our customers rely on the accuracy of our offerings.

We continue to build and significantly invest in systems and tools that incorporate AI technologies, including agentic and generative AI for customers, experts, our workforce, and our internal business operations.

Much of our future success depends on the continued service and availability of skilled employees, including members of our executive team, and individuals in technical and other key positions.

We 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 t…

As we cannot control the day-to-day practices of our suppliers and business partners, we cannot ensure their compliance with the law and our policies regarding workplace and employment practices, data use and security…

Our business operations, information technology and communications systems are vulnerable to damage or interruption from natural disasters, effects of climate change, human error, malicious attacks, fire, power loss,…

impacted, which could include federal or state tax authorities refusing to allow us to process our customers’ tax returns electronically, resulting in a significant adverse impact on our business, earnings, and revenue.

Many of the industries in which we operate have been experiencing an increasing amount of fraudulent activities by malicious third parties, and those fraudulent activities are becoming increasingly sophisticated, incl…

It is possible that malicious third parties may misrepresent their intended use of data or may circumvent our controls, resulting in accidental or intentional disclosure or misuse of our customer or workforce informat…

government agencies that regulate our offerings.

Further, because we have created an ecosystem where customers can have one identity across multiple Intuit products, a security incident may give access to increased amounts of customer data.

Criminals may also use stolen identity information obtained outside of our systems to gain unauthorized access to our customers’ data.

•risks associated with businesses we acquire or invest in, including brand and reputational harm, which may differ from or be more significant than the risks our other businesses face;

Sustainability matters continue to be an area of focus for stockholders, regulators, customers, employees, and other stakeholders.

Our efforts related to sustainability matters expose us to risks that could adversely affect our reputation and performance.

Developing and maintaining awareness of our brands and platform strategy is critical to achieving widespread acceptance of our existing and future products and services and is an important element in attracting new cu…

Our consumer and professional tax businesses depend significantly on revenue from customers who return each year to use our updated tax preparation and filing software and services.

Our consumer tax business also faces significant competition from the public sector, where we face the risk of federal and state taxing authorities implementing revenue-raising strategies that involve developing and p…

We also face competition from companies with a variety of business models and monetization strategies, including increased competition from providers of free and low-cost offerings, particularly in our tax, accounting…

We face intense competition in all of our businesses, and we expect competition to continue to intensify in the future.

or have unintended consequences, any of which could subject us to new or enhanced competitive harm, legal liability, regulatory scrutiny or reputational harm.

Much of our future success depends on the continued service and availability of skilled employees, including members of our executive team and individuals in technical and other key positions.

Additionally, our use of Credit Karma member data is subject to an order issued in 2014 by the Federal Trade Commission (FTC) that, among other things, requires maintenance of a comprehensive security program relating…

services and thus have an adverse effect on our future financial results, as well as require additional resources to rebuild our reputation and restore the value of the brands and could also reduce our stock price.

such financing.

unsuitable.

Our 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.

trustworthy products and services, as well as our ability to protect and use our customers’ data in a manner that meets their expectations.

can be no assurance that our new or enhanced solutions and AI innovations will be successful, adopted, or monetizable or that we will innovate effectively to keep pace with the rapid evolution of AI across the industr…