“We expect a GAAP tax rate of 25% in fiscal 2023.”

In context

“ay offense in any macro environment. These principles are intended to accelerate our innovation in the future, and our goal remains for Intuit to emerge from any downturn in a position of strength. Moving on to guidance. Our fiscal 2023 guidance includes revenue of $14.5 billion to $14.7 billion, growth of 14% to 16%. Our guidance includes revenue growth of 19% to 20% for Small Business and Self-employed, 9% to 10% for the Consumer segment and 10% to 15% for Credit Karma. As a reminder, Credit Karma grew 58% on a pro forma basis year-over-year in fiscal 2022, well ahead of our long-term expectation of 20% to 25%. Our overall guidance assumes recent demand trends continue. Our guidance also includes GAAP earnings per share of $6.92 to $7.22, non-GAAP earnings per share of $13.59 to $13.89. We expect a GAAP tax rate of 25% in fiscal 2023. Our fiscal 2023 guidance includes stock-based compensation of $1.8 billion, an increase of 39% over fiscal 2022. Approximately 25% of this total is equity granted as part of the Credit Karma and Mailchimp transactions, and approximately 75% of this total is related to our broad-based equity program designed to attract, retain and incentivize employees. Looking ahead, we expect stock-based compensation as a percentage of revenue to flatten over the next few years. Our guidance for the first quarter of fiscal 2023 includes revenue growth of 23% to 25%, GAAP loss per share of $0.43 to $0.37 and non-GAAP earnings per share of $1.14 to $1.20. You can find our full Q1 and fiscal 2023 guidance details in our press release and on our fact sheet. Going forward, we are bringing Mint and Credit Karm”