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FY2025(2025년 7월 31일 마감) 매출 188억 3,100만 달러 가운데 59%가 퀵북스·메일침프를 포함한 Global Business Solutions 부문에서, 26%가 터보택스 중심 Consumer 부문에서 나왔다. 비용 측면에서는 아마존웹서비스·구글클라우드 등 퍼블릭 클라우드 인프라에 의존하고 있고, 최근 오픈AI와의 다년 계약을 통해 외부 AI 모델 라이선스 비용이 새로 생겼다.","lead_en":"Intuit runs a consumer and small-business SaaS platform built around QuickBooks (small-business accounting), TurboTax (individual tax preparation), Credit Karma (personal finance) and Mailchimp (email marketing). Of its FY2025 (ended July 31, 2025) revenue of $18.831 billion, 59% came from the Global Business Solutions segment, which includes QuickBooks and Mailchimp, and 26% from the TurboTax-led Consumer segment. 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Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":12.9}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":3,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":11.7}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":3,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":11}},{"slug":"automatic-data-processing","name":"오토매틱 데이터 프로세싱","name_en":"Automatic Data Processing, Inc.","tier":3,"returns_yearly":{"2021":42.6,"2022":-1.3,"2023":-0.2,"2024":28.4,"2025":-10.2,"2026":9.6}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":8.6}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"toppan-printing","name":"돗판인쇄","name_en":"Toppan Printing","tier":3,"returns_yearly":{"2021":49.3,"2022":-2.1,"2023":99.1,"2024":8.1,"2025":10.7,"2026":7.2}},{"slug":"dte-energy","name":"DTE 에너지","name_en":"DTE Energy","tier":3,"returns_yearly":{"2021":19.4,"2022":1.2,"2023":-2.8,"2024":13.5,"2025":10.4,"2026":7.2}},{"slug":"3m","name":"3M","name_en":"3M Company","tier":3,"returns_yearly":{"2021":4.9,"2022":-29.6,"2023":-3.3,"2024":46.1,"2025":26.4,"2026":6.8}},{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":3,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"legrand","name":"르그랑","name_en":"Legrand","tier":3,"returns_yearly":{"2021":20.3,"2022":-7.1,"2023":12.8,"2024":11.9,"2025":39.3,"2026":6.1}},{"slug":"expedia-group","name":"익스피디아 그룹","name_en":"Expedia Group, Inc.","tier":3,"returns_yearly":{"2021":36.5,"2022":-51.5,"2023":73.3,"2024":22.8,"2025":53.3,"2026":5.8}},{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":3,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":4.8}},{"slug":"wec-energy-group","name":"WEC 에너지 그룹","name_en":"WEC Energy Group","tier":3,"returns_yearly":{"2021":8.7,"2022":-0.5,"2023":-7,"2024":16.1,"2025":16,"2026":3.1}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":2.8}},{"slug":"centerpoint-energy","name":"센터포인트 에너지","name_en":"CenterPoint Energy","tier":3,"returns_yearly":{"2021":32.4,"2022":10,"2023":-2.1,"2024":14.3,"2025":23.7,"2026":2.4}},{"slug":"spacex","name":"스페이스X","name_en":"SpaceX","tier":3,"returns_yearly":{"2026":0.7}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":3,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}},{"slug":"cameco","name":"Cameco","name_en":"Cameco","tier":3,"returns_yearly":{"2021":63.2,"2022":4.3,"2023":90.5,"2024":19.5,"2025":78.4,"2026":-3.7}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":-6.4}},{"slug":"textron","name":"텍스트론","name_en":"Textron","tier":3,"returns_yearly":{"2021":59.9,"2022":-8.2,"2023":13.7,"2024":-4.8,"2025":14.1,"2026":-9.3}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":3,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9.7}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-9.9}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-11.9}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-15.3}},{"slug":"take-two-interactive","name":"테이크투 인터랙티브","name_en":"Take-Two Interactive Software, Inc.","tier":3,"returns_yearly":{"2021":-14.5,"2022":-41.4,"2023":54.6,"2024":14.4,"2025":39.1,"2026":-16.6}},{"slug":"avio","name":"아비오","name_en":"Avio","tier":3,"returns_yearly":{"2021":-9.9,"2022":-4.7,"2023":-17.1,"2024":98.4,"2025":117,"2026":-18.3}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null},{"slug":"shinko","name":"신코덴키","name_en":"Shinko Electric Industries","tier":3,"returns_yearly":null}],"analysis":"이번 배치에서 가설이 가장 크게 깨지는 노드다. 2026년 -49.3%로 5개 중 최악이고, 같은 해 플렉스(+81.2%)와 정확히 반대 방향이다. 2021 +70.3%에서 2023 +61.8%까지는 소프트웨어 강세를 그대로 탔지만 2024 +1.2%·2025 +6.1%로 둔화한 뒤 2026년에 급락했다. 세일즈포스·워크데이의 완만한 디레이팅과 달리 이 노드는 단절에 가깝다. 구조가 이유를 설명한다. 매출이 QuickBooks 중소기업·TurboTax 개인·크레딧카르마·ProTax 네 갈래 모두 개인과 소규모 사업자로, 기업 고객처럼 전환비용이 높지 않다. 세무·회계는 규칙 기반 업무라 생성형 AI가 직접 대체를 시도하는 첫 순위 영역이기도 하다. 비용측에서 아마존·알파벳 클라우드와 OpenAI로 연결되는데, 10-K는 FY2025 총 구매의무 48억 9,200만 달러가 주로 클라우드서비스계약에서 발생한다고만 밝히고 벤더별 배분은 공시하지 않는다. AI를 도입할수록 비용은 확정적으로 늘지만 그것이 방어가 될지 잠식이 될지는 확인되지 않았다는 뜻이다. 사슬 전파 가설의 반례로 기록해 둘 노드다. 수요 끝단에 있다는 위치 자체가 2026년에는 프리미엄이 아니라 할인 요인으로 재가격됐다.","analysis_en":"This is where the hypothesis breaks hardest in this batch. Intuit fell 49.3% in 2026, the worst of the five and the exact opposite of Flex (+81.2%) in the same year. It rode software strength from +70.3% in 2021 through +61.8% in 2023, slowed to +1.2% in 2024 and +6.1% in 2025, then dropped. Unlike the gradual de-rating at Salesforce and Workday, this looks like a break. The structure explains it. All four revenue lines, QuickBooks for small business, TurboTax for consumers, Credit Karma and ProTax, sell to individuals and very small businesses, without the switching costs of enterprise accounts. Tax and accounting are also rule-based work, making them a first target for generative AI to attempt directly. On the cost side it connects to Amazon and Alphabet cloud and to OpenAI, though the 10-K states only that FY2025 purchase obligations of $4.892B arise mainly from cloud service agreements, without a vendor split. Adopting AI raises costs with certainty while it remains unproven whether that is a defence or an erosion. Record this node as the counter-example to chain propagation: in 2026 sitting at the demand end was repriced as a discount rather than a premium.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"메일침프","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2021-11-01","basis":"메일침프 인수 총 대가(현금 약 57억 달러 + 주식 약 63억 달러)","value":12000000000,"period":"2021-11-01 종결","basis_en":"Total consideration for the Mailchimp acquisition (~$5.7B cash + ~$6.3B stock)","qualifier":null},"note":"2021년 11월 1일 종결된 인수로, 현금 약 57억 달러와 주식(1,010만주, 약 63억 달러 상당)을 합쳐 총 대가 약 120억 달러 규모였다. 메일침프도 밸류체인 위키의 기존 노드가 아니라 인튜이트 Global Business Solutions 부문에 흡수된 비상장 인수 대상이다.","note_en":"This acquisition closed November 1, 2021, for total consideration of roughly $12.0 billion: approximately $5.7 billion in cash plus about $6.3 billion in Intuit stock (10.1 million shares). Mailchimp is likewise not an existing wiki node; it was absorbed into Intuit's Global Business Solutions segment.","sources":[{"stance":"confirms","publisher":"AI매터스","publisher_en":"AI Matters","kind":"news","lang":"ko","published_at":"2026-04-13","url":"https://aimatters.co.kr/news-report/40256/","title":"AI 선구자 인튜이트, '새스포칼립스' 최대 피해주 전락… AI 역설","title_en":"AI pioneer Intuit becomes the biggest \"SaaSpocalypse\" casualty: the AI paradox","excerpt":"크레딧 카르마(Credit Karma): 80억 달러(약 10조 7천억 원), 메일침프(Mailchimp): 120억 달러(약 16조 원)","excerpt_en":"Credit Karma: $8 billion (approx. KRW 10.7 trillion); Mailchimp: $12 billion (approx. KRW 16 trillion)."},{"stance":"confirms","publisher":"Intuit Investor Relations","publisher_en":"Intuit Investor Relations","kind":"ir","lang":"en","published_at":"2021-11-01","url":"https://investors.intuit.com/news-events/press-releases/detail/154/intuit-completes-acquisition-of-mailchimp","title":"Intuit Completes Acquisition of Mailchimp","title_en":"Intuit Completes Acquisition of Mailchimp","excerpt":"Approximately $5.7 billion in cash, plus 10.1 million shares of Intuit stock valued at approximately $6.3 billion (based on the October 29, 2021 closing stock price of $625.99 per share), plus 573,000 restricted stock units.","excerpt_en":"Approximately $5.7 billion in cash, plus 10.1 million shares of Intuit stock valued at approximately $6.3 billion (based on the October 29, 2021 closing stock price of $625.99 per share), plus 573,000 restricted stock units."}]},{"direction":"revenue","counterparty":"Global Business Solutions 고객(중소기업)","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue_share","unit":"USD","as_of":"2025-09-03","basis":"10-K 부문별 매출 표, Global Business Solutions 부문 총매출(매출의 59%)","value":11077000000,"period":"FY2025","basis_en":"10-K segment revenue table, Global Business Solutions segment total revenue (59% of total)","qualifier":null},"note":"퀵북스와 메일침프를 포함하는 부문으로 회계·인보이스·결제·이메일 마케팅을 이용하는 중소기업이 대상이다. 이름이 특정되는 개별 기업 고객은 없고 부문 단위로만 공시된다.","note_en":"This segment (QuickBooks plus Mailchimp) serves small and mid-market businesses for accounting, invoicing, payments and email marketing. No individual named enterprise customers are disclosed, only the segment total.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"Total segment revenue $ 11,077 (...) % of total revenue 59%. Global Business Solutions segment revenue increased 16% due to growth in our Online Ecosystem revenue.","excerpt_en":"Total segment revenue $11,077 million; % of total revenue 59%. Global Business Solutions segment revenue increased 16% due to growth in our Online Ecosystem revenue."}]},{"direction":"investment","counterparty":"크레딧카르마","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2020-12-03","basis":"크레딧카르마 인수 총 대가(현금 약 34억 달러 + 주식/보상 약 47억 달러)","value":8100000000,"period":"2020-12-03 종결","basis_en":"Total consideration for the Credit Karma acquisition (~$3.4B cash + ~$4.7B stock/equity awards)","qualifier":null},"note":"2020년 12월 3일 종결된 인수로, 현금 약 34억 달러와 주식/보상(주식 1,330만주 등) 약 47억 달러를 합쳐 총 대가 약 81억 달러 규모였다. 크레딧카르마는 밸류체인 위키의 기존 노드가 아니라 인튜이트의 세그먼트로 흡수된 비상장 인수 대상이다.","note_en":"This acquisition closed December 3, 2020, for total consideration of roughly $8.1 billion: approximately $3.4 billion in cash plus about $4.7 billion in Intuit stock and equity awards (13.3 million shares). Credit Karma is not an existing node in the wiki; it is a formerly private company absorbed as an Intuit segment.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"In connection with our acquisition of Credit Karma on December 3, 2020, we assumed the Credit Karma, Inc. 2015 Equity Incentive Plan, as amended (Credit Karma Plan), under which the assumed equity awards were granted.","excerpt_en":"In connection with our acquisition of Credit Karma on December 3, 2020, we assumed the Credit Karma, Inc. 2015 Equity Incentive Plan, as amended (Credit Karma Plan), under which the assumed equity awards were granted."},{"stance":"confirms","publisher":"Intuit Investor Relations","publisher_en":"Intuit Investor Relations","kind":"ir","lang":"en","published_at":"2020-12-03","url":"https://investors.intuit.com/news-events/press-releases/detail/202/intuit-completes-acquisition-of-credit-karma","title":"Intuit Completes Acquisition of Credit Karma","title_en":"Intuit Completes Acquisition of Credit Karma","excerpt":"Approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards valued at $4.7 billion (including approximately $300 million of acquired cash).","excerpt_en":"Approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards valued at $4.7 billion (including approximately $300 million of acquired cash)."}]},{"direction":"revenue","counterparty":"Consumer 고객(개인 납세자)","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue_share","unit":"USD","as_of":"2025-09-03","basis":"10-K 부문별 매출 표, Consumer 부문 총매출(매출의 26%)","value":4870000000,"period":"FY2025","basis_en":"10-K segment revenue table, Consumer segment total revenue (26% of total)","qualifier":null},"note":"터보택스를 중심으로 한 개인 세무 신고 고객이 대상이며 미국·캐나다 개인 소비자 다수로 구성돼 이름이 특정되는 기업 고객은 없다.","note_en":"Centered on TurboTax, this segment's customers are individual tax filers in the U.S. and Canada. There are no named corporate customers, only the aggregate consumer base.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"Total segment revenue $ 4,870 (...) % of total revenue 26%. Consumer segment revenue increased 10% due to growth in our higher-priced and additional service offerings, such as TurboTax Live and our early tax refund offerings.","excerpt_en":"Total segment revenue $4,870 million; % of total revenue 26%. Consumer segment revenue increased 10% due to growth in higher-priced offerings such as TurboTax Live and early tax refund offerings."}]},{"direction":"revenue","counterparty":"크레딧카르마 이용자(개인 금융소비자)","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue_share","unit":"USD","as_of":"2025-09-03","basis":"10-K 부문별 매출 표, Credit Karma 부문 총매출(매출의 12%)","value":2263000000,"period":"FY2025","basis_en":"10-K segment revenue table, Credit Karma segment total revenue (12% of total)","qualifier":null},"note":"신용카드·대출·보험 등 금융상품 추천에 대해 금융기관·보험사로부터 건당 수수료를 받는 구조로, 최종 대가 지급자는 금융기관이지만 매출은 크레딧카르마 이용자(회원) 트래픽에 연동돼 이용자 세그먼트로 분류했다.","note_en":"Credit Karma earns per-action fees from financial institutions and insurers for qualified referrals (credit cards, loans, insurance), but the revenue is driven by member traffic, so it is classified here as the consumer/member segment.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"Total segment revenue $ 2,263 (...) % of total revenue 12%. Revenue for our Credit Karma segment increased $555 million, or 32%, in fiscal 2025 compared with fiscal 2024 due to increases in revenue from our personal loan vertical of $221 million, our credit card vertical of $213 million, and our auto insurance vertical of $99 million.","excerpt_en":"Total segment revenue $2,263 million; 12% of total revenue. Credit Karma segment revenue grew $555 million (32%) in FY2025, driven by personal loan (+$221M), credit card (+$213M) and auto insurance (+$99M) verticals."}]},{"direction":"revenue","counterparty":"ProTax 고객(세무 전문가·회계사)","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue_share","unit":"USD","as_of":"2025-09-03","basis":"10-K 부문별 매출 표, ProTax 부문 총매출(매출의 3%)","value":621000000,"period":"FY2025","basis_en":"10-K segment revenue table, ProTax segment total revenue (3% of total)","qualifier":null},"note":"Lacerte, ProSeries, ProConnect Tax Online 등을 이용하는 회계·세무 전문가가 대상이며 개별 회계법인명은 공시되지 않는다.","note_en":"This segment serves professional accountants and tax preparers using Lacerte, ProSeries and ProConnect Tax Online; no individual accounting-firm names are disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"Total segment revenue $ 621 (...) % of total revenue 3%.","excerpt_en":"Total segment revenue $621 million; 3% of total revenue."}]},{"direction":"cost","counterparty":"OpenAI","counterparty_slug":"openai","confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2025-11-18","basis":"오픈AI 모델을 GenOS에 활용하는 다년 계약의 공식 발표 최소 규모($100M+)","value":100000000,"period":"다년(발표 2025-11-18)","basis_en":"Officially announced floor value of the multi-year contract to deepen use of OpenAI's models in GenOS ($100M+)","qualifier":null},"note":"2025년 11월 오픈AI와 다년 전략적 제휴를 발표했다. 터보택스·크레딧카르마·퀵북스·메일침프를 챗GPT 안에서 직접 이용할 수 있게 하는 계약으로, 인튜이트가 오픈AI 모델을 GenOS(생성형 AI 운영체제)에 계속 활용하는 대가로 1억 달러가 넘는 다년 계약을 체결했다고 공식 발표됐다. 정확한 총액은 비공개이며 발표된 수치는 하한값이다.","note_en":"In November 2025 Intuit and OpenAI announced a multi-year strategic partnership making TurboTax, Credit Karma, QuickBooks and Mailchimp directly usable inside ChatGPT. The companies disclosed a new $100M+ multi-year contract for Intuit to deepen its use of OpenAI's models in GenOS. The exact total is not disclosed; the announced figure is a floor.","sources":[{"stance":"confirms","publisher":"알파경제","publisher_en":"Alpha Biz","kind":"news","lang":"ko","published_at":"2025-11-19","url":"http://www.alphabiz.co.kr/news/oldArticleViewRedirect.html?oldNo=1065565577996839","title":"인튜이트(INTU.O), 오픈AI와 전략적 제휴…챗GPT 내 개인 금융 서비스 통합 가속","title_en":"Intuit (INTU.O) strategically partners with OpenAI, accelerating integration of personal finance services within ChatGPT","excerpt":"1억 달러가 넘는 규모의 다년 계약. 터보택스, 크레딧카르마, 퀵북스, 메일침프 등이 챗GPT에서 직접 접근 가능해지며, 이용자는 세금 환급 추정, 신용 옵션 검토, 사업 재무 관리 등의 작업을 챗GPT 안에서 처리할 수 있게 됐다.","excerpt_en":"A multi-year contract worth more than $100 million. TurboTax, Credit Karma, QuickBooks and Mailchimp become directly accessible within ChatGPT, letting users estimate tax refunds, review credit options and manage business finances inside ChatGPT."},{"stance":"confirms","publisher":"Intuit Investor Relations","publisher_en":"Intuit Investor Relations","kind":"ir","lang":"en","published_at":"2025-11-18","url":"https://investors.intuit.com/news-events/press-releases/detail/1284/intuit-and-openai-join-forces-to-revolutionize-financial-intelligence-powering-every-person-business-and-dream-with-personalized-experiences","title":"Intuit and OpenAI Join Forces to Revolutionize Financial Intelligence","title_en":"Intuit and OpenAI Join Forces to Revolutionize Financial Intelligence","excerpt":"a new $100M+ multi-year contract for Intuit to deepen its use of OpenAI's frontier models in its proprietary generative AI operating system (GenOS).","excerpt_en":"a new $100M+ multi-year contract for Intuit to deepen its use of OpenAI's frontier models in its proprietary generative AI operating system (GenOS)."},{"stance":"confirms","publisher":"Constellation Research","publisher_en":"Constellation Research","kind":"research","lang":"en","published_at":"2025-11-18","url":"https://www.constellationr.com/insights/news/intuit-openai-forge-integration-pact-why-it-could-be-100-million-win-win","title":"Intuit, OpenAI forge integration pact: Why it could be a $100 million win win","title_en":"Intuit, OpenAI forge integration pact: Why it could be a $100 million win win","excerpt":"the multi-year contract value for integrating ChatGPT with Intuit's platforms (TurboTax, Credit Karma, QuickBooks, and Mailchimp); Intuit gains access to ChatGPT's 800 million consumer and business users.","excerpt_en":"the multi-year contract value for integrating ChatGPT with Intuit's platforms (TurboTax, Credit Karma, QuickBooks, and Mailchimp); Intuit gains access to ChatGPT's 800 million consumer and business users."}]},{"direction":"cost","counterparty":"아마존","counterparty_slug":"amazon","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-09-03","basis":"AWS 이용 사실은 10-K에 공시되나 벤더별 지출액(AWS 대 구글클라우드 배분)은 비공개","value":null,"period":"FY2025","basis_en":"AWS usage is disclosed in the 10-K but vendor-specific spend (AWS vs. Google Cloud split) is not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"10-K는 아마존웹서비스(AWS)를 온라인 서비스 운영에 쓰는 퍼블릭 클라우드 제공사 중 하나로 명시한다. FY2025 총 구매의무 48억 9,200만 달러가 \"주로 클라우드서비스계약\"에서 발생한다고 공시하지만 AWS·구글클라우드 간 금액 배분은 공시되지 않는다.","note_en":"The 10-K names Amazon Web Services as one of the public cloud providers Intuit uses to run its online offerings. FY2025 total purchase obligations of $4.892 billion are disclosed as being \"primarily related to a cloud services agreement,\" but the split between AWS and Google Cloud is not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"We use public cloud providers, such as Amazon Web Services and Google Cloud Platform, for most of our systems, networks, and databases used to operate these online offerings.","excerpt_en":"We use public cloud providers, such as Amazon Web Services and Google Cloud Platform, for most of our systems, networks, and databases used to operate these online offerings."}]},{"direction":"cost","counterparty":"알파벳 (구글)","counterparty_slug":"alphabet","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-09-03","basis":"구글클라우드 이용 사실은 10-K에 공시되나 벤더별 지출액은 비공개","value":null,"period":"FY2025","basis_en":"Google Cloud usage is disclosed in the 10-K but vendor-specific spend is not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"10-K는 구글클라우드플랫폼(GCP)을 온라인 서비스 운영에 쓰는 또 다른 퍼블릭 클라우드 제공사로 명시한다. 아마존과 동일하게 벤더별 지출액은 비공개다.","note_en":"The 10-K names Google Cloud Platform as the other public cloud provider Intuit uses to run its online offerings. As with Amazon, vendor-specific spend is not disclosed.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-09-03","url":"https://www.sec.gov/Archives/edgar/data/896878/000089687825000035/intu-20250731.htm","title":"INTUIT INC. 10-K (2025-09-03)","title_en":"INTUIT INC. 10-K (2025-09-03)","excerpt":"We use public cloud providers, such as Amazon Web Services and Google Cloud Platform, for most of our systems, networks, and databases used to operate these online offerings.","excerpt_en":"We use public cloud providers, such as Amazon Web Services and Google Cloud Platform, for most of our systems, networks, and databases used to operate these online offerings."}]}]}