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Business Wire
2 days ago
- Business
- Business Wire
Intuit Announces National Winners of 2025 Intuit Hour of Finance Challenge
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the six national winners of its 2025 Intuit Hour of Finance Challenge — a nationwide initiative that encouraged middle and high school students to spend at least one hour on financial education during Financial Literacy Month in April. 'Through the Intuit Hour of Finance Challenge, we are not just teaching students about money, we are empowering them to take control of their futures.' The Intuit Hour of Finance Challenge engaged tens of thousands of students across all 50 states through Prosperity Quest, a free, interactive game designed to introduce budgeting, saving, and financial decision-making skills. Today's announcement honors three high schools and three middle schools whose students led the nation in engagement, enthusiasm, and impact and developed essential financial literacy skills through interactive activities with real-world product simulations. 'Financial literacy is foundational to long-term success,' said Dave Zasada, Vice President of Education and Corporate Responsibility at Intuit. 'Through the Intuit Hour of Finance Challenge, we are not just teaching students about money, we are empowering them to take control of their futures. These national winners demonstrated that students can develop the confidence and skills they need to thrive with the right tools and support.' High School Winners: James Madison High School – North East ISD (San Antonio, Texas) Southwest Miami Senior High School – Miami-Dade County Public Schools (Miami, Florida) Laurel Highlands High School – Laurel Highlands School District (Uniontown, Pennsylvania) Middle School Winners: Independence Middle School – School District of Palm Beach County (Palm Beach, Florida) Toby Johnson Middle School – Elk Grove Unified School District (Elk Grove, California) Fitzgerald Middle School – Pinellas County Schools (Largo, Florida) 'Financial literacy is essential not just for school, but for life,' said Jeremy Bryson, business teacher at Laurel Highlands High School in Uniontown, PA. 'Participating in the Intuit Hour of Finance Challenge gave our students a unique opportunity to practice real-world financial decision making in a way that was both engaging and empowering. As educators, we talk a lot about preparing students for what's next, but this challenge gave students the tools to start building that future now. We're incredibly proud of our students' dedication and honored to be recognized as a national winner.' This year's Intuit Hour of Finance challenge had more than 800 educators and nearly 40,000 students at 700 unique schools and organizations across all 50 states. The winning schools will be celebrated with national recognition and Chromebooks for their classrooms. In addition, Intuit is recognizing 50 state-level winners for their performance in the challenge and for continuing the conversation around financial literacy in their communities. The Challenge builds on Intuit's broader commitment to financial education through Intuit for Education, a free program that has reached more than three million students nationwide with interactive, standards-aligned lessons in personal and entrepreneurial finance. The Intuit for Education real-world simulations are powered by Intuit's suite of products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—to help students gain real-world experience and practical skills. To learn more about the Hour of Finance Challenge and explore free resources for educators, visit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services.
Yahoo
3 days ago
- Business
- Yahoo
Intuit leans into AI to improve taxpayer experience, boost revenue
This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. Intuit's AI-driven expert platform strategy is delivering an improved customer experience and drove 15% year-over-year revenue growth across the business, executives said during a Q3 2025 earnings call last week. AI was particularly impactful for customers using TurboTax this filing season, CEO Sasan Goodarzi said. The software directs customers to the right product to file taxes and reduces the time spent filing. 'With our investment in data, AI and AI-enabled human expertise, we are disrupting the assisted category with experiences that are resonating with customers across both consumer and business tax,' Goodarzi said. 'The exceptional results are fueled by strong execution of our strategy to win as an AI-driven expert platform by delivering the best experience, speed to money, and the best price for customers.' Intuit, the parent company to TurboTax, Credit Karma, QuickBooks and Mailchimp, has gone all in on AI to improve customer experience and boost revenue. Intuit reported total revenue of $7.8 billion in third quarter 2025, according to an earnings report. The strong results led the software company to raise its guidance, including revenue, operating income and operating margin. Intuit expects consumer group revenue to grow 11% year over year to $4 billion for the full fiscal year, to be driven by TurboTax Live revenue. 'The strength across the company is driven by our global AI-driven expert platform strategy, powering prosperity for consumers, small and mid-market businesses, and accountants,' Goodarzi said. 'We're fueling the financial success of approximately 100 million customers by automating everyday tasks, managing complex workflows and processes, and solving challenges before they arise with predictive insights, and taking actions.' Intuit uses AI agents as well as AI-assisted human agents. TurboTax's AI-powered, mobile-first 'done-for-you' tax product drove a 12% reduction in the average time a customer spent filing. AI also helped human tax experts. For TurboTax's full-service offering, experts spent about 20% less time preparing a return, according to Goodarzi. 'Our data and AI platform capabilities had a profound impact on the productivity of our experts,' Goodarzi said. 'By doing a lot of the work for them and helping them finish returns quickly and accurately, they spent more time engaging and onboarding customers.' Intuit is planning on rolling out a broader set of end-to-end AI agents, including a customer AI agent, a payment AI agent, a project management AI agent, and an accounting AI agent, Goodarzi said. These agents can also talk to each other to solve customers' problems. 'Our goal is to solve challenges before they arise with predictive insights, take smart action on our customers' behalf, and seamlessly connect them to AI-enabled human experts when needed with customers always in control,' Goodarzi said. Goodarzi is confident that Intuit can further disrupt the $35 billion assisted tax category. One competitor that had been ready to disrupt the field was the federal government. In 2024, the IRS came out with its own free tax filing software, Direct File, which earned high customer satisfaction marks. That program is now on the chopping block should the $3.8 trillion Republican tax bill that just passed the House become law. Intuit and H&R Block, which has its own tax-filing software, have long lobbied against the IRS providing free software directly to taxpayers, ProPublica found. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Intuit (INTU) Jumps on Raised Outlook, Strong TurboTax-Driven Quarter
Intuit (INTU, Financials) raised its full-year guidance after reporting stronger-than-expected fiscal Q3 results, pushing the stock up 8% in after-hours trading Thursday. Warning! GuruFocus has detected 8 Warning Signs with INTU. Revenue rose 15% from a year ago to $7.75 billion, beating expectations. Adjusted earnings came in at $11.65 per share, up from $9.88 last year. Net income climbed to $3.28 billion from $2.8 billion. The company now sees full-year revenue between $18.72 billion and $18.76 billion, up from its earlier range of $18.16 billion to $18.35 billion. It also lifted its adjusted EPS outlook to $20.07$20.12 from $19.16$19.36. Both updates came in ahead of analyst forecasts, driven by strong demand during tax season, particularly for TurboTax. Intuit's stock was already up 6% this year before the earnings release. The solid results underscore continued strength in the company's financial software suite, which also includes Credit Karma. This article first appeared on GuruFocus. Sign in to access your portfolio
The Independent
4 days ago
- Business
- The Independent
Festival season: How to keep costs down this summer at Brockwell, Glastonbury and more
As people continue to look for ways to save money, festival season can make what should be an exciting time somewhat daunting. Over a third of festival-goers have had to dip into their savings to pay for tickets this year, new data has revealed, as costs for both luxuries and essentials continues to rise. According to exclusive data shared with PA from Credit Karma, which was taken from an Opinium survey of 2,000 UK adults this month, 35 per cent of those attending festivals have used savings to pay for tickets. Akansha Nath, general manager at smart money platform Credit Karma, says that festivals can be expensive for a number of reasons, including the price of tickets. Credit Karma's research also found that 61 per cent of festival-goers say that increasing ticket prices have gone too far. Expenses such as transport, food and drink, and outfits are also mounting up, with 76 per cent of people saying these costs are all increasing. Nath added: "There are also social factors too, as people are keen to avoid 'FOMO' – fear of missing out. Three in 10 festival-goers feel pressure to attend festivals purely because their friends are going – particularly Gen Zs." Founder of ticket resale platform Twickets, Richard Davies adds that festivals have 'become big businesses' and costs behind the scenes reflect that. 'From artist fees and production to infrastructure, security and licensing – everything is now more expensive,' he says. 'Luckily there are festivals for all types of budgets, so fans can choose a one-day event or a festival that's four days with accommodation, depending on how much they want to spend.' Davies and Nath both share a number of ways that festival-goers can cut back on expenses as festival season approaches: 'Volunteering at festivals is a great way to get your ticket for free, in exchange for working a few shifts,' Nath says. 'Sites like My Cause UK and Oxfam can help you find available volunteer opportunities.' 'You can also sometimes get free meals and camping upgrades from volunteering,' Davies adds. 'Therefore, it's worth asking the organisers what the options are.' Buy and resell tickets Davies says that buying or reselling tickets can also help. 'If you missed out on the original sale for your favourite festival, set up alerts on the Twickets app to be notified as soon as any resale tickets become available,' he says. 'You can also bargain with the seller if the ticket is labelled 'accepting offers', to secure a fair price.' Pay in instalments 'Another way to cut costs is by using instalment-based payment schemes or credit that can split the cost of tickets across several months – whether that's using credit cards, Buy Now, Pay Later credit, or the festival's own payment instalment service,' Nath says. 'However, remember not to overcommit or take on more debt than you can afford to pay back.' Shop in charity shops 'Shopping in charity shops and from second-hand sites like Vinted is a great way to get festival outfits on a budget, and you can also take advantage of these to sell your outfit after the occasion,' Nath adds. Go prepared 'People should also ensure they are prepared – festival food and drink is notoriously expensive so pack a cooler box full of long-life food to keep you full throughout the weekend,' she says. 'Coffee vans will often give out free hot water if you need to mix it into your porridge or instant noodles.' Charge for free Davies adds that you can charge your devices for free, by bringing a pre-charged power bank or a solar-powered charger to the festival. When your phone runs out of battery, often the only option is to use phone charging stalls at festivals which can eat into your budget. Bringing your own charging bank saves money and some festivals even offer free eco-charging points if you bring your own lead.' Prioritise main events 'To make the most of your money and to avoid 'festival regret', prioritise events you will get the most out of, rather than giving in to pressure from friends. Many festivals offer single-day tickets so you can choose to just attend the day your favourite artists are on for a reduced cost.' 'Its always worth downloading the festival app when you arrive as some events offer discounts or freebies, surprise giveaways or share food stall deals,' Davies says. 'Keep your notifications on and check daily for the chance to save money. The festival's official app should also have useful resources like maps and timetables, to ensure you can plan your day and not miss out on the artists you really want to see.' 'With preparation and planning, there's no reason your festival fun should be limited this summer,' Nath says. 'Just remember to prioritise the events you most want to go to, set a careful budget and don't commit to more than you can afford.'
Newsweek
5 days ago
- Business
- Newsweek
Rents Drop for Third Consecutive Year After 2022 Peak—Report
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Rents across the U.S. have dropped significantly as affordability in many of America's big cities increased in 2025, according to a report from In April 2025, U.S. median rent dropped 1.7 percent year-over-year, for studio to 2-bedroom properties across the United States' 50 largest metropolitan areas. With a slow but steady decline, median rent is now $60, or 3.4 percent, less than the peak in August 2022. "The [COVID-19] pandemic took everyone in the real estate market by surprise, from landlords to property builders," Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek. "The result was some major cities that saw a surge in new residents moving in didn't have enough housing to meet the demand, sending rents soaring. Now a few years removed, these same metro areas are now dealing with housing availability that more than meets demand and some residents who came during the pandemic returning to their former homes." Why It Matters Landlords often increase rent prices because of inflation and changing housing and rental markets. Last year, roughly one-quarter of American renters said they could no longer afford to pay their rent, according to an Intuit Credit Karma study. Last month's rent-to-income ratio was 23.4 percent for renters earning the typical household income, down from 24.7 percent in April 2024, said. An apartment building on January 31, 2025, in the borough of Brooklyn, New York City. An apartment building on January 31, 2025, in the borough of Brooklyn, New York City. Andrew Lichtenstein/Corbis via Getty Images What To Know The U.S. Department of Housing and Urban Development believes that renters and homeowners should be spending no more than 30 percent of their income on housing. Only five of the top 50 U.S. metros still have a ratio higher than 30 percent median household income, including New York, Los Angeles and Boston. Miami was the least affordable rental market in April, with a median rent for a typical studio to 2-bedroom unit 1.3 times higher than the estimated maximum. Oklahoma City, Austin, Columbus and Raleigh area metros had some of the most affordable rental ratios at less than 20 percent of income. Meanwhile, certain rental-unit sizes have seen bigger drops in prices than others. Studio apartments dropped $27 last month, compared to the same time last year. That's a 1.9 percent decline to $1,410. What People Are Saying Nationwide title and escrow expert Alan Chang told Newsweek: "Between planning, funding, permitting and building, establishing new multi-family rentals takes substantial time and energy that has finally caught up to demand from the 2020-21 spike in demand. Limited supplies of rentals caused an increased rent, now that the inventory finally met the demand levels, the cost of rent can start to normalize, making rentals more affordable in some areas." Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "Let's be clear, rent 'falling' is all relative. We're coming off a period of runaway inflation, triggered by the pandemic and the economic chaos that followed. Rents shot up too, and anytime that happens there's usually a pullback." "We've now seen 21 straight months of year-over-year rent declines across the 50 largest metros. Sounds good, right? But here's the catch, median rent is still only about $60 lower than the peak we saw back in August 2022. So yes, prices are cooling, but they're not exactly inexpensive." Michael Ryan, a finance expert and the founder of told Newsweek: "It's the first time in at least five years that rent feels manageable at 23 percent of median income. Down here, Miami's still brutal at 40 percent, but most markets? They're in this sweet spot where supply might have finally caught up with demand." What Happens Next It's likely rent prices will continue on a downward trajectory, and the Midwestern markets are leading the shift. "It's natural to see rents start to steadily decline in those markets, particularly in the Midwest, and thus bring the national average down from its highs," Beene said. However, because the progress is slow, Thompson said prices are likely to stay "sticky" and high. "Those expecting prices to return to pre-pandemic levels are mistaken, and this is the new world by which they live," Thompson said. "It is just going to take a larger portion of one's income to rent in this new environment, and as tariffs start to kick in, I would expect those prices to move higher as landlords recoup their insurance and maintenance cost."
