Intuit Inc. Thesis

Intuit is a financial technology platform with dominant products like QuickBooks and TurboTax. Its moat is its large, sticky customer base and the network effects between small businesses, consumers, and accountants on its platform. The growth driver is the expansion of its platform to offer a wider range of financial services (payments, payroll, capital) and the application of AI to automate accounting and tax preparation. The investment thesis is based on Intuit being the essential financial operating system for small businesses and consumers.