Intuit Investor PresentationMarch 2015

These presentation materials include forward-looking statements. There are a number of factors that couldcause our results to differ materially from our expectations. Please see the section entitled “Cautions AboutForward-Looking Statements” in the enclosed Appendix for information regarding forward-looking statementsand related risks and uncertainties. You can also learn more about these risks in our Form 10-K for fiscal2014 and our other SEC filings, which are available on the Investor Relations page of Intuit's website atwww.intuit.com. We assume no obligation to update any forward-looking statement.

The information in this presentation is intended to outline our general product direction, but represents noobligation and should not be relied on in making a purchasing decision.

These presentations include certain non-GAAP financial measures. Please see the section entitled “AboutNon-GAAP Financial Measures” in the enclosed Appendix for an explanation of management’s use of thesemeasures and a reconciliation to the most directly comparable GAAP financial measures.

Non-GAAP Financial Measures

Forward-Looking Statements

To improve our customers’ financial lives so profoundly… they can’t

imagine going back to the old way

Values

TrueNorthGoals

Strategy

Priorities

Metrics

MissionIntuit’s Mission

Values

TrueNorthGoals

Strategy

Priorities

Metrics

Mission

Accountant

Small Business Consumer

NetworkEffect

Delivering AwesomeProduct Experiences

Contributions of Others-“Network Effect Platforms”

Using Datato Create Delight

Achieved by…

Do the Nations’ Taxes

Grow MyBusiness

ManageMy

People

Manage My Business

Pay Tax

GrowMy Clients

ManageMy Firm

ManageMy Work

QB

O

QB

OA

Grow MyBusiness

ManageMy

PeoplePa

y

GrowMy Clients

ManageMy Firm

ManageMy Work

QB

O

QB

OA

Get More Clients

Make More

Moneyper

Client

Offer MoreTax Services

Get EveryPenny I

Deserve

Make MyMoney

GoFurther

Help MePredict My Finances

Taxes are Done

Be the Operating System Behind SMB Success

Pay Tax

QB

O

QB

OA

Grow TheBusiness

ManageEmployees

Transact With

Customers

GrowThe Practice

ManageMy Firm

CollaborateWith Clients

Right for EverySmall Business

Intuit’s Strategy

Intuit’s Priorities

Win online & mobile: grow customers faster than rivals

Win globally: accelerate speed to localization – “out-local” rivals

Create unified SMB profile: better insights, solutions & interactions

Accelerate “Taxes are Done”: access and utilize critical data

Everything as a service: open contribution & extensive re-use

Values

TrueNorthGoals

Strategy

Priorities

Metrics

Mission

Looking Ahead

2013 2014 2015 2016 2017

700KQBO US

QBO Non-US

FY’14-17 CAGR

>30%

~100%

Shifting to cloud Growing global customers Increasing connected services revenue

2014

15M

2013 2015 2016 2017

~10M

23M

45M+~$5.8B

$4.2B

Product Connected Services

74% 73%

27%26%36% 34%

64% 66%

28%

72%

FY’15 FY’17FY’16FY’14FY’13

~2M

Cloud, Global,PredictableRevenue

Fueling Growth

Revenue

Op. Inc.

5-Year CAGR

~ 9%

~ 10%

~$5.8B

$4.2B

FY15FY14 FY17FY16FY13

Non-GAAP EPS $3.20 ~ $5.00

EPS ~ 12%

Desktop

Cloud

Be the Operating System Behind Small Business Success

Key Problem # of SMBs Total Spend SBG Spend

Accounting (SMB Users & Prospects) 14M3 $9B

Accounting (Self Employed) 15M4 $4B

Accept Payments 29M $13B

Manage Payroll 6M $5B

Total 29M $31B $2.3B

# of SMBs # of Accountants

Market QBO Additional 1% Penetration Market1 QBO2

United States 29M 290K 2M 103K

Canada >3M 30K 240K 5K

UK 5M 50K 250K 3K

India 15M 150K 2-3M 2K

Australia 2M 20K 180K 2K

France 4M 40K 139K new market

ROW 105M --

Total 163M 841K 580K

Small Business Market OpportunityThe Worldwide Opportunity: Share of Customers

The US Opportunity: Share of Spend

1. Total number of accounting professionals (accountants, bookkeepers) 2. Number of QBO accountants with 1+ clients3. Includes the QuickBooks installed base + competitor desktop bases + competitor SaaS Subs + employer firms and self employed firms with greater than $25K in annual sales4. Includes only self employed firms with less than $25K in annual sales

Rest of World

Customer Growth Will Come From the CloudNew User Mix by Platform

Mix Shift Accelerating

• Acquired more new users online than desktop for the first time in Q4 FY’14

• Beginning to shift from passive to active marketing of QB Online relative to QB Desktop

• Full QBO line-up in retail• Shift in demand generation to QBO• QB.com homepage take-overs• Accountant awareness (QB Connect Event)

• New global markets increase total addressable online market opportunity

69% 69% 70%63% 60% 60% 56%

45%

31% 31% 30%37% 40% 40% 44%

55%

Q113 Q213 Q313 Q413 Q114 Q214 Q314 Q414

QB Desktop QB Online

QuickBooks New Users Have Attractive Economics

QuickBooks New User Estimated 5-year Revenue

FY13 FY14

ServiceSoftware

FY13 FY14

ServiceSoftware

$1.0K

$1.4K

Desktop Online

$1.5K$1.4K

• Desktop 5 Year revenue increased due to: • Inclusion of entire lineup (including Premier) • Mix Improvements• Improved ecosystem pricing

• Online 5 Year revenue decreased due to: • Promotions that drive ecosystem growth• Offset by increased services attach

• Will optimize pricing and lineup to maximize total small business customer, revenue, and operating income growth – not just unit economics

New User Economics Neutral Today Across Platforms

QB Online Will Drive Our Long Term Growth

But Desktop Will Continue to be MaterialQB Ecosystem Revenue Mix Shifting

FY13 FY14 FY15 FY16 FY17

Desktop Ecosystem Online Ecosystem

50%

50%

26%

74%

• Improved QB Online lifetime value from:• Increases in attach + global services businesses• Improvements in customer retention• Line-up mix as we build out ‘premier’ features

• Reduced QB Online lifetime revenue from:• Geographic mix shift to non-US• Targeting of non-consumption and self employed

• Expect us to experiment with pricing and lineup changes to optimize long term franchise value

From App to Ecosystem Thinking

Metrics

TrueNorthGoals

Strategy

Priorities

Vision

Strategy & Priorities

Do the Nations’ Taxes

Well Positioned: #1 in Growing Categories

Intuit leads ingrowth categories

Total individual returns U.S./Canada (M)

CAGRFY'10-FY'14

1%

Flat

5%

(13%)

#1 Position

• 26M returns• 33% share of returns

#1 Position

• 40M returns• 62% share of returns

8

64

FY'14

20

81Pros

Stores

Software

Manual

173

Context: Big Opportunity

FY'14 Total U.S. visitors

98M

Log-ins30M

Returns filed21M

Attrition5M

TurboTax Online (through April) FY'14 Results

+15%

+10%

+14%

-7%

185MPoint of

Need Clicks

~3MAssistedContacts

~290M

100MSelf Help

Views

Customer Contacts

Software: Churn Creates an Opportunity

0

50

100

150

FY’14 Fcst

147

4%

38%

58%

FY’13

145

5%

36%

59%

FY’12

145

5%

35%

60%

FY’11

143

6%

34%

60%

SoftwarePro/Tax Store

Manual

8M Customer Churn between

S/W and Assisted

U.S. Individual Tax Returns (M)

Multi-Year Goal: ~50% of Nations’ Taxes

FY’18

66M

84M

FY’14

Tax Returns (M)

How We Plan to Grow: 84M Intuit Tax Returns

DIY category grows from 37% to 43%

11

84

66 5

IRS / CRA CategoryFY’14 Returns

2

FY’18 ReturnsShare within Category

IRS/CRA grows 1% annually

Share within DIY & Pro

grows 5 pts

Tax Returns (M)

Intuit Financial Overview

• Grow organic revenue double digits– Revenue CAGR 9% FY’14-’17

• Grow revenue faster than expenses– Mid to high thirties margin in FY’17, while investing in customer growth

• Deploy cash to highest-yield opportunities– Resource allocation in service to strategic priorities

• Maintain a strong balance sheet

Financial Principles Enduring

Long-Term Small Business Growth Drivers

Driver Driver Growth SBG Revenue Growth Multiyear Range

Number of Addressable SMB’s 1% 1% 1% - 2%

Accounting Software Consumption 1 Point Shift 3.5% 4% - 6%

QuickBooks Share 1 Point Shift 2% 1% - 2%

QuickBooks ARPC (Attach, Price, Mix) 1% 1% 4% - 5%

Implied Small Business Group Revenue Growth 10% - 15%+

Long-Term Consumer Tax Growth Drivers

Driver Driver Growth TurboTax Revenue Growth Multiyear Range

Individual Federal Returns 1% 1% 0% - 2%

Software Category Share 1% 3% 3% - 5%

TurboTax Share 1% 1.5% 1% - 2%

Revenue per Return ~1%

Implied TurboTax Revenue Growth 5% - 10%

Historical Use of Cash

$500

$1,000

$0

$2,000

$2,500

$1,500

FY’09 FY’13FY’10 FY’11 FY’12 FY’14

M&A

Share Repurchase

Repay DebtDividends

CapEx

($M’s)

$5.8 billion in Free Cash Flow, 103% returned to shareholders

Fiscal 2015 Guidance

($ in millions, except EPS)Guidance Growth

Total Small Business

Consumer Tax Group

Consumer Group

ProTax Group

$2,130 - $2,180

$1,750 - $1,775

$1,880 - $1,915

$265 - $280

(6%) – (3%)

5 – 7%

3% – 4%

(37%) – (34%)

Total Revenue $4,275 - $4,375 (5%) – (3%)

Non-GAAP Op Income $1,110 - $1,140 (29%) – (27%)

Non-GAAP EPS

GAAP EPS

$2.45 - $2.50

$1.70 - $1.75

(30%) – (28%)

(45%) – (43%)

QBO Subscribers and Long-Term Outlook

Q3 FY’15 FY’15

QuickBooks Online Subscribers 925K 975K 1,000K

Y/Y Growth 48% 43% 46%

FY’17 OutlookQuickBooks Online Subscribers ~ 2 millionIntuit Revenue ~$5.8 billionNon-GAAP Earnings per Share ~$5.00

Appendix

About Non-GAAP Financial MeasuresINTUIT INC.

ABOUT NON-GAAP FINANCIAL MEASURES

The accompanying presentation contains non-GAAP financial measures. Table 1, Table 2, Table 3, and Table 4 reconcile the non-GAAP financial measures in that presentation to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include non-GAAP operating income, non-GAAP net income, and non-GAAP net income per share.

Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names and may differ from non-GAAP financial measures with the same or similar names that are used by other companies.

We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures.

We exclude the following items from all of our non-GAAP financial measures:

• Share-based compensation expense• Amortization of acquired technology• Amortization of other acquired intangible assets• Goodwill and intangible asset impairment charges• Professional fees for business combinations

We also exclude the following items from non-GAAP net income and diluted net income per share:

• Gains and losses on debt securities and other investments• Income tax effects of excluded items and related discrete tax items• Discontinued operations

We believe that these non-GAAP financial measures provide meaningful supplemental information regarding Intuit’s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments or our senior management. Segment managers are not held accountable for share-based compensation expense, amortization, or the other excluded items and, accordingly, we exclude these amounts from our measures of segment performance. We believe that our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods.

About Non-GAAP Financial Measures (cont.)The following are descriptions of the items we exclude from our non-GAAP financial measures.

Share-based compensation expenses. These consist of non-cash expenses for stock options, restricted stock units and our Employee Stock Purchase Plan. When considering the impact of equity awards, we place greater emphasis on overall shareholder dilution rather than the accounting charges associated with those awards.

Amortization of acquired technology and amortization of other acquired intangible assets. When we acquire an entity, we are required by GAAP to record the fair values of the intangible assets of the entity and amortize them over their useful lives. Amortization of acquired technology in cost of revenue includes amortization of software and other technology assets of acquired entities. Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer lists, covenants not to compete and trade names.

Goodwill and intangible asset impairment charges. We exclude from our non-GAAP financial measures non-cash charges to adjust the carrying values of goodwill and other acquired intangible assets to their estimated fair values.

Professional fees for business combinations. We exclude from our non-GAAP financial measures the professional fees we incur to complete business combinations. These include investment banking, legal and accounting fees.

Gains and losses on debt securities and other investments. We exclude from our non-GAAP financial measures gains and losses that we record when we sell or impair available-for-sale debtsecurities and other investments.

Income tax effects of excluded items and certain discrete tax items. During fiscal 2014 and prior periods we excluded from our non-GAAP financial measures the income tax effects of the items described above, as well as income tax effects related to business combinations. In addition, the effects of one-time income tax adjustments recorded in a specific quarter for GAAP purposes were reflected on a forecasted basis in our non-GAAP financial measures. This was consistent with how we were evaluating our operating results and planning, forecasting, and evaluating future periods during those fiscal years.

Beginning in fiscal 2015, we will use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. This long-term non-GAAP tax rate eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Based on our current long-term projections, we intend to use a long-term non-GAAP tax rate of 34% which is consistent with the average of our normalized fiscal year tax rate over a four year period that includes the past three fiscal years plus the current fiscal year forecast.

Operating results and gains and losses on the sale of discontinued operations. From time to time, we sell or otherwise dispose of selected operations as we adjust our portfolio of businesses to meet our strategic goals. In accordance with GAAP, we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. We exclude these amounts from our non-GAAP financial measures.

The reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures in Table 3 include all information reasonably available to Intuit at the date of this press release. This table includes adjustments that we can reasonably predict. Events that could cause the reconciliation to change include acquisitions and divestitures of businesses, goodwill and other asset impairments, and sales of available-for-sale debt securities and other investments.

TABLE 1RECONCILIATIONS OF HISTORICAL NON-GAAP FINANCIAL MEASURES TO MOST DIRECTLY COMPARABLE GAAP

FINANCIAL MEASURES(Dollars in millions, except per share amounts)

When reported on August 21, 2014, fourth quarter results included an accrual for a loss contingency that was resolved before we filed our fiscal 2014 Form 10-K. We have adjusted our fiscal fourth quarter and full-year 2014 operating income and earnings per share accordingly, resulting in a GAAP and non-GAAP operating income increase of approximately $16 million, and a GAAP and non-GAAP earnings per share increase of approximately $0.03. See "About Non-GAAP Financial Measures" immediately preceding Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure.

Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal2014 2013 2012 2011 2010 2009

GAAP operating income from continuing operations 1,314$ 1,233$ 1,168$ 1,082$ 930$ 759$

Amortization of acquired technology 26 18 10 9 20 9

Amortization of other acquired intangible assets 20 35 23 11 11 7

Charge for historical use of technology licensing rights - - - - - 13

Professional fees for business combinations 7 - 7 - 7 -

Share-based compensation expense 204 184 159 144 126 120

Non-GAAP operating income 1,571$ 1,470$ 1,367$ 1,246$ 1,094$ 908$

GAAP net income 907$ 858$ 792$ 634$ 574$ 447$

Amortization of acquired technology 26 18 10 9 20 9

Amortization of other acquired intangible assets 20 35 23 11 11 7

Charge for historical use of technology licensing rights - - - - - 13

Professional fees for business combinations 7 - 7 - 7 -

Share-based compensation expense 204 184 159 144 126 120

Net gains on debt securities and other investments (21) 1 (12) (2) (1) (1)

Income tax effects of non-GAAP adjustments (73) (91) (70) (55) (57) (52)

Discontinued operations (46) (35) (28) 54 5 45

Non-GAAP net income 1,024$ 970$ 881$ 795$ 685$ 588$

GAAP diluted net income per share 3.12$ 2.83$ 2.60$ 2.00$ 1.77$ 1.35$

Non-GAAP diluted net income per share 3.52$ 3.20$ 2.89$ 2.51$ 2.11$ 1.78$

Shares used in diluted per share amounts 291 303 305 317 325 330

Non-GAAP tax rate 34% 33% 34% 34% 35% 33%

TABLE 2RECONCILIATION OF SELECTED NON-GAAP FINANCIAL MEASURES TO MOST DIRECTLY COMPARABLE GAAP FINANCIAL

MEASURES(Dollars in millions)

[a] Adjustments to exclude share-based compensation expense from non-GAAP financial measures.[b] Adjustments to exclude amortization of acquired technology and amortization of other acquired intangible assets from non-GAAP financial measures.[c] Adjustment to exclude professional fees for business combinations of approximately $7 million from non-GAAP financial measures.

See "About Non-GAAP Financial Measures" immediately preceding Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure.

Non-GAAP GAAP %Fiscal Fiscal of2014 Adjmts 2014 Rev

Total revenue 4,506$ -$ 4,506$ 100.0%

Cost of revenue: Cost of product revenue 141$ -$ 141$ Cost of service and other revenue 501 (8) [a] 493 Amortization of acquired technology 26 (26) [b] - Total cost of revenue 668$ (34)$ 634$ 14.1%

Operating expenses: Selling and marketing 1,281$ (59)$ [a] 1,222$ 27.1% Research and development 758 (66) [a] 692 15.3% General and administrative 465 (78) [a] [c] 387 8.6% Amortization of other acquired intangible assets 20 (20) [b] - Total operating expenses 2,524$ (223)$ 2,301$

Operating income 1,314$ 257$ 1,571$ 34.9%

TABLE 3RECONCILIATIONS OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES TO PROJECTED GAAP

REVENUE, OPERATING INCOME AND EPS(Dollars in millions, except per share amounts)

[a] Reflects estimated adjustments for share-based compensation expense of approximately $253 million, amortization of acquired technology of approximately $18 million, and amortization of other acquired intangible assets of approximately $23 million.[b] Reflects the estimated adjustments in item [a] and income taxes related to these adjustments.

See "About Non-GAAP Financial Measures" immediately preceding Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure.

From To Adjustments From To

Twelve Months EndingJuly 31, 2015Revenue 4,275$ 4,375$ -$ 4,275$ 4,375$ Operating income 800$ 830$ 310$ [a] 1,110$ 1,140$ Diluted earnings per share 1.70$ 1.75$ 0.75$ [b] 2.45$ 2.50$

GAAP Non-GAAPRange of Estimate Range of Estimate

Forward-Looking Guidance

TABLE 4CALCULATION OF FREE CASH FLOW

(Dollars in millions)

To supplement our statements of cash flows prepared in accordance with GAAP, we use free cash flow to analyze cash flow generated from operations. We define free cash flow as net cash provided by operating activities less total capital expenditures. This non-GAAP financial measure should not be considered as a substitute for, or superior to, GAAP net income as an indicator of our operating performance or GAAP cash flows from operating activities as a measure of our liquidity.

Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal2009 2010 2011 2012 2013 2014

Net cash provided by operating activities 812$ 998$ 1,013$ 1,246$ 1,366$ 1,446$

Less capital expenditures: Purchases of property and equipment (131) (74) (114) (135) (129) (104) Capitalization of internal use software (51) (56) (99) (51) (66) (82) Total capital expenditures (182) (130) (213) (186) (195) (186)

Free cash flow 630$ 868$ 800$ 1,060$ 1,171$ 1,260$

Cautions About Forward-Looking StatementsThis presentation includes "forward-looking statements" which are subject to safe harbors created under the U.S. federal securities laws. All statements included in this presentation that address activities, events or developments that Intuit expects, believes or anticipates will or may occur in the future are forward looking statements, including: our expected market, customer and share growth; our goals, our ability to achieve them, and their impact on our business; our opportunities and strategies to grow our business; our expected revenue, operating income and earnings per share results and growth; our expectations regarding future dividends, share repurchases and ROIC improvements; our expectations for our product and service offerings and cross-sell opportunities; and future market trends. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These factors include, without limitation, the following: inherent difficulty in predicting consumer behavior; difficulties in receiving, processing, or filing customer tax submissions; consumers may not respond as we expected to our advertising and promotional activities; the competitive environment; governmental encroachment in our tax businesses or other governmental activities or public policy affecting the preparation and filing of tax returns; our ability to innovate and adapt to technological change; business interruption or failure of our information technology and communication systems; problems with implementing upgrades to our customer facing applications and supporting information technology infrastructure; any failure to properly use and protect personal customer information and data; our ability to develop, manage and maintain critical third party business relationships; increased government regulation of our businesses; any failure to process transactions effectively or to adequately protect against potential fraudulent activities; any significant offering quality problems or delays; our participation in the Free File Alliance; the global economic environment; changes in the total number of tax filings that are submitted to government agencies due to economic conditions or otherwise; the highly seasonal and unpredictable nature of our revenue; our inability to attract, retain and develop highly skilled employees; increased risks associated with international operations; our ability to repurchase shares; we may issue additional shares in an acquisition causing our number of outstanding shares to grow; our inability to adequately protect our intellectual property rights; disruptions, expenses and risks associated with our acquisitions and divestitures; amortization of acquired intangible assets and impairment charges; our use of significant amounts of debt to finance acquisitions or other activities; and the cost of, and potential adverse results in, litigation involving intellectual property, antitrust, shareholder and other matters. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2014 and in our other SEC filings. You can locate these reports through our website at http://investors.intuit.com. Fiscal 2015 guidance and our long-term outlook speak only as of the date it was publicly issued by Intuit. Other forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. We do not undertake any duty to update any forward-looking statement or other information in this presentation.only as of the date it was publicly issued by Intuit. Other forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. We do not undertake any duty to update any forward-looking statement or other in