CLAIM #32478 · Intuit Inc (INTU) · 2022Q4 earnings call · Aug 23, 2022 · due Aug 23, 2025
“Looking ahead, we expect stock-based compensation as a percentage of revenue to flatten over the next few years.”
Michelle Clatterbuck · CFO
In context
“yed, 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 Karma together under a unified personal finance strategy. Starting in fiscal Q1, we will be reporting Mint as part of the Credit Karma segment. This is reflected in the guidance I shared today but is not material to the growth rate. I also want to share an important change regarding our long-term expectations for Small Business and Self-Employed Group revenue growth going forward. In the past, we shared with you our aspiration to achieve Online Ecosystem revenue growt”
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SEC filings for INTU ↗ · Claim quote is verbatim from the 2022Q4 earnings call.