News Intuit Reports 6 Percent Increase in TurboTax Online Units: Raises Full-year Consumer Group Guidance Range Intuit today released the second and final update for its fiscal year 2018 consumer tax offerings. Season-to-date through April 21, total TurboTax Online units increased 6 percent, and total TurboTax units rose 4 percent versus the comparable prior-year period. With these tax season results, Intuit now expects full-year fiscal 2018 Consumer Group revenue growth of 12 Written by Intuit Blog Team Published Apr 25, 2018 - [Updated Nov 9, 2022] 2 min read Intuit today released the second and final update for its fiscal year 2018 consumer tax offerings. Season-to-date through April 21, total TurboTax Online units increased 6 percent, and total TurboTax units rose 4 percent versus the comparable prior-year period. With these tax season results, Intuit now expects full-year fiscal 2018 Consumer Group revenue growth of 12 to 13 percent, exceeding the high end of the previous guidance range of 7 to 9 percent. “We executed well this season, and are excited that we are already seeing some of our investments pay off by accelerating our top line growth,” said Michelle Clatterbuck, Intuit’s chief financial officer. “As we’ve shared, this has been a year of increased investments in key areas including artificial intelligence and machine learning capabilities, Amazon Web Services migration, streamlined software development, and enhanced brand and marketing effectiveness.” Tax Unit Results “We delivered a strong tax season, growing the do-it-yourself software category and simultaneously gaining share,” said Dan Wernikoff, executive vice president and general manager of Intuit’s Consumer Group. “Throughout the season, we executed across our portfolio of tax preparation offerings, delivering confidence to our customers that TurboTax has a solution to meet their needs regardless of the ease or complexity of their taxes.” Season-to-date TurboTax Federal Unit Data Season through April 21, 2018 Season through April 22, 2017 Change Year-Over-Year TurboTax Desktop 5,030,000 5,295,000 -5% TurboTax Online 29,814,000 28,113,000 6% Sub-total TurboTax Units 34,844,000 33,408,000 4% TurboTax Free File Alliance 1,169,000 1,206,000 -3% Total TurboTax Units 36,013,000 34,614,000 4% “TurboTax Live delivered a great new experience in its debut season, expanding the TurboTax brand to address the needs of filers seeking the complete confidence of having a tax pro by their side. We successfully implemented technology to deliver a virtual assisted tax preparation experience while operationalizing nearly 2,000 certified tax pros. With what we learned in our first year, we are confident in long-term opportunities that TurboTax Live presents to grow our dollar share of the tax preparation market,” said Wernikoff. The company is scheduled to report third quarter fiscal 2018 results on May 22. Previous Post Tax Day Update: US Tax Deadline Extended to April 18 Next Post Intuit Updates Response to Recent Media Coverage About Payments Policy Written by Intuit Blog Team More from Intuit Blog Team Browse Related Articles Social Responsibility Making a global impact Social Responsibility 40 years of powering prosperity: Highlights from Intuit’s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report Social Responsibility Intuit’s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills Social Responsibility Intuit for Education Innovative Thinking Responsible AI helps small businesses grow and do more. Diversity, Equity and Inclusion Building Inclusion: setting a path to success for Latinos in tech Social Responsibility Women in Tech: Why We Need More Innovative Thinking Introducing Intuit Assist News Intuit Responds to U.S. Federal Trade Commission’s Decision And Reaffirms its Commitment to Free Tax Preparation Intuit Experts Best Jobs for Seniors: Part Time Jobs in Tax Preparation and Bookkeeping