“We now expect a GAAP tax rate of approximately 20% this year, up from 18% previously”

In context

“rterly dividend of $0.68 per share, payable July 18, 2022. This represents a 15% increase versus last year. Moving on to guidance, we are raising our full year fiscal 2022 revenue and non-GAAP earnings per share guidance to reflect the momentum we’ve seen throughout the year in the Small Business and Self-Employed Group and Credit Karma. Our updated fiscal 2022 guidance includes revenue of $12.623 billion to $12.674 billion, growth of 31% to 32% and including Mailchimp as of November 1 and a full year of Credit Karma, up from prior guidance of 26% to 28% growth. Excluding $765 million to $770 million in Mailchimp revenue, growth of 23% to 24%, up from prior guidance of 18% to 20% growth; GAAP earnings per share of $6.95 to $7.01, down from prior guidance of $7 to $7.17 – excuse me, $7.16. We now expect a GAAP tax rate of approximately 20% this year, up from 18% previously, non-GAAP earnings per share of $11.68 to $11.74, up from prior guidance of $11.48 to $11.64. Our fiscal 2022 guidance includes the impact of the $141 million onetime charge related to the State Attorneys General settlement. Excluding this charge, our expected GAAP and non-GAAP operating margin would be approximately 110 basis points higher in fiscal 2022, above our prior guidance. Expected fiscal 2022 GAAP and non-GAAP earnings per share would be approximately $0.37 and $0.38 higher, respectively. Our guidance for the fourth quarter of fiscal 2022 includes a revenue decline of 8% to 9%, reflecting the earlier tax filing deadline this year versus last year, GAAP loss per share of $0.53 to $0.47 and non-GAAP earnings per share of $0.94 to $1. You can find our full Q4 and fiscal 2022 guidan”