#1Investor Presentation Intuit Brad Smith - Intuit CEO September 2008#2Intuit's Markets and Opportunities Small Business: QuickBooks Accnding Sellman – Quackbacks - Microsoft Jadamel Enghorer CODE Abensb.com QuickBooks FORVOUSTRY QuickBooks #1 Accounting Software to Help your Business Succeed WHAT'S WO OnickBeaks fee Windows FOR ACCOUNTANTS SUPPORT CONTY you NEW TO QUICKBOOKS done you amanca 03 Inturt ORDER STATUENOCOUNT OFF CARTO QUESTIONS? (888) 729-1954 QuickBlerks Online QuickBooks for Mas you unal Eaton a Max Pri Quick Poll: Are you a QuickBooks customer? Most Popular Business Services I'm here th.. Chaco kdy Healthcare plus Payroll & Payments Global Tax Tine Tasses, come Tax Salta, a portioned, Tax Return Explores Tukal Ta TurboTax Changed? 200 Products 403 Intuit My A1 Showing Ce TurboTax Online y a free Pay Get Your Biggest Tax Refund - Guaranteed • Uncover mass deci 250c Helps you quality mongs The rage Turbo Tederal refund last year was $2.265 ■Need with investments Tay Ex Try for Free View al Free Edition Deluxe 1-Rated Comp Hame & Business Fret now tuches and Tryer Free Job Change FREE Fal Free offe Try for Free 149.35 Ca Pe Ana Chage She Aonal Charg Try for Free $74.95 Freesfile Aton Chape Fry for Free Cha CG Mailed Financial Institutions DIGITAL INSIGHT® an Intuit company Intuit#3Revenue Strong FY08 Financial Results FY08 Actual % Growth Guidance $3,071M +15% +12-14% Operating Income* $856M +12% +12-14% Diluted EPS* $1.60 +12% +11-13% *Non-GAAP Measure. Reconciliation of non-GAAP measures to comparable GAAP measures provided later in presentation. Intuit Proprietary & Confidential Intuit#4TurboTax Quick looks FY08 Highlights Outstanding year in Consumer Tax: • 14% revenue growth...17% unit growth • Won share retail & web...37% TTO units . Winning with "Ease", "Free" & Execution Intuit QuickBooks Pro 2008 makes accounting cosy nances all in one place V&mos QuickBooks Enhanced Payroll Innovative Merchant Solutions" an INTUITO Company DIGITAL INSIGHT® an Intuit company Small Business ecosystem performed well: QB unit & revenue grew in tough year . . QB increased 2+ points of retail share Payroll & Payments 14% revenue growth* • 18% Payments customer growth Acquired Homestead & ECHO • Transition year for Digital Insight: • 10% IB user growth...16% BP user growth FinanceWorks & Small Biz suite on track *excluding impact of M&A activity in FY07, FY08 Intuit Proprietary & Confidential Intuit#5Guidance for 2009 $ Range Growth Rate Revenue - $3.35B $3.43B 9% -12% Operating Income* $970M - $990M 13% 16% - Diluted EPS* $1.86 - $1.90 16% -19% Capital Expenditures $200M -33% *Non-GAAP Measure. Reconciliation of non-GAAP measures to comparable GAAP measures provided later in presentation. Intuit Proprietary & Confidential Intuit#6Simple Recipe for Success Be in good businesses with strategies to win Then: ■ Talented and Engaged Employees Delivering for Customers So: ▪ We Grow Revenues and Profits Intuit Proprietary & Confidential Intuit#7Strong Assets: foundation for growth • 7M QB & Quicken small business users Market Reach • 8 M on-line banking customers... reach to 25M with existing FI's • 14M TurboTax users... 22M returns • 12M Quicken consumer users 275K accountants Great Brands Significant 3rd Party Scale & relationships Source: Intuit estimates • TurboTax . Quicken Digital Insight QuickBooks • Intuit 40,000 Accountant Pro Advisors 5,000 Educational institutions • 1,800 financial institutions • 40,000 IDN developers Intuit Proprietary & Confidential Intuit#8Quick look rt 2008 Small Business Payroll Small Business Ecosystem QuickBooks Financial Silur Management Solutions Inturt QuickBooks 4. Not Satty Sand Se Simple Start 2008 Plus Pack just the essentials Ve simplest way to brick QuickBook Inturt QuickBooks Pro 2008 makes accounting easy ences at one place Yours&sort QuickBooks Online Edition QuickBooks Intuit QuickBooks Premier 2008 industry-specific tools Enterprise Solutions Korg takend Mut QuickBooks Enterprise Solutions Payroll Quickbooks Intuit QuickBooks Point of Sale Retail Management Software Easily track Inventory customers & sales Intuit Quality. Great Value. Point of Sale Payroll QuickBooks QuickBooks Enhanced Basic Payroll Payroll nurt QuickBooks Standard Start Woland Payroll.com easy in-house payroll ✓calculates paychecks Vis in federal tax Payroll Intut QuickBooks Enhanced. Payroll for Accountants QuickBook Payroll QuickBooks Assisted Payroll ---> Innovative Merchant Solutions... Payments Innovative. Merchant Solutions™ an INTUITⓇ Company Intuit Proprietary & Confidential Intuit Online Payroll Intuit#9Small Business Landscape 27 Million US Businesses Mid Market Main Street Personal Business Key Facts 0.6M businesses 24M employees $6B total SW spend 3.3M businesses 27M employees $3B total SW spend 23M businesses 28M employees $2B total SW spend Key Facts Delegation: departments QB 29% firms... 2% spend QB is low cost disruptor Owner begins to delegate 45% QB/Qkn share QB + Payroll + Payments Consumer & Business blur 25% QB/Qkn share 42% Manual/Spreadsheet Global Opportunity ■ ~325M small businesses outside of the US ■ China and India each have >100M small businesses Many US small businesses doing business abroad Intuit Proprietary & Confidential Intuit#10Continue Our Winning Formula Acquire New Users + Maximize LTV $ Per Customer Five-Year Revenue Per QB Customer ($) Initial Software Purchase... ... Add-ons and Upgrades... III 3X the Software Purchase QB Software Add-on Products & Services Intuit Proprietary & Confidential Total Intuit#11Long Track Record of Growth Small Business Revenue $1,200M 1,000- 800 600_ 533 454 400_ 394 295 208 200 875 765 657 1,199 CAGR 1,115 19% 1,001 FY98 FY99 FYOO FY01 FY02 FY03 FY04 FY05 FY06 QuickBooks Payroll & Payments FY07 FY08 42% 13% Connected services accelerate growth of small business ecosystem Intuit Proprietary & Confidential Intuit#12Intuit Consumer Tax Group TurboTax#13100% Lots Of Opportunity for Growth 139M Returns $20B Revenue 80 Professional 60- Prepared Tax Store 40- Software - Other 20- Software 0 TurboTax Manual Returns Revenue TurboTax just 17% of Returns, 5% of Revenue Intuit Proprietary & Confidential Intuit#14Software is fastest growing category Individual Returns (M) 150- 5-Year CAGR Total 1% Customer Price* Net Promoter 3.5M filers Professional 2% $230 24 100- Prepared Tax Store 1% $180 8 00 50- Software 9% $55 45 5M new filers 0+ FY03 Manual FY04 FY05 (12%) $0 -47 FY06 FY07 Sources: Internal Estimates and Tax Store & Pro Prep per survey. Software reflects Intuit's average revenue per customer. Intuit Proprietary & Confidential Intuit#15Revenue $1,000M 800- 600- 400- 200 Long Track Record of Growth TurboTax 0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 Fiscal Years Ending July Intuit Proprietary & Confidential Intuit#16Financial Institutions Group INTUIT DIGITAL INSIGHT® an Intuit company#17Percent Online Online Banking Growth ■ >60% of US households not yet using online banking Rapid growth in small business online banking adoption Consumer Online Banking Penetration Small Business Online Banking Penetration 99 00 01 12 02 03 Base: US online households Source: Forrester US Online Banking Forecast, 03/07 Intuit Proprietary & Confidential 04 = 50 05 90 06 Consumer Online Bill Pay Penetration Intuit#18$20B Financial Institution Overview # of FIS Preferred Internet Banking delivery model Assets 7 "Build in-house" $200B 50 200 $3B 16,000 "Have licensed in past... increasingly considering outsourced solution" "Utilize a fully outsourced ASP solution" Most FI's Need Outsourced Solutions (1) Includes: Banks, Credit Union and Savings institutions Source: FDIC; NCUA; FI interviews Intuit Proprietary & Confidential Intuit#19Lots of Room for Growth Grow penetration of existing end-users 8M Potential End-Users 38M ■ Grow number of Financial Institutions Total Financial Institutions 1800 16K ■ Add Additional Products and Services FinanceWorks in 10/08; Small Bus Services in 12/08 If overall penetration reached the level of DI's leading FI's, revenue would be ~ $700M Intuit Proprietary & Confidential Intuit#20Intuit Financial Principles • • ● • Deliver double digit annual organic revenue growth... supplemented by acquisitions Grow revenue greater than or equal to expenses - - Generate operating income leverage...expanded OM% Generate strong cash flow...in line with op income While investing for future growth in: Longer term business opportunities - Infrastructure... product and enterprise And returning excess cash to shareholders Normally in the form of share repurchase Intuit Proprietary & Confidential Intuit#21Revenue ($B) (CAGR 15%) $3.0B- Consistently Delivers Results EPS ($)** (CAGR 21%) $3.0B - $2.00 $2.7B EPS $2.3B 1.50 $2.0B 2.0- $1.8B $1.6B $1.3B $1.1B Revenue - 1.00 $1.0B 1.0 -0.50 0.0 0.00 00 01 02 03 04 05 06 07 08 Fiscal Years Ending July ** EPS shown is non-GAAP; reconciliation to comparable GAAP figures later in this presentation Intuit Proprietary & Confidential Intuit#22(Millions) With leadership in services revenue Services Revenue $1,800 $1,600 27% CAGR $1,400 $1,200 $1,000 $800 $600 $400 $200 FY03 FY04 FY05 FY06 FY07 FY08 Small Business • • Payroll processing Payments processing • • QuickBooks Online Edition QuickBooks Support Tax • • TurboTax Online Consumer e-File Pro e-File Financial Institutions Hosted Online Banking Solutions ... and Software as a Service was ~ $700M in FY08 Intuit Proprietary & Confidential Intuit#23Summary ■ Solid strategy for continued growth Solve important customer problems Deliver customer delight ■ Convert non-consumption & disrupt higher priced alternatives Big market opportunities in our 3 growth engines and lots of longer term potential ■ Robust business model that delivers predictable revenue, operating profit leverage and sustained cash generation Intuit Proprietary & Confidential Intuit#24Cautions About Forward-Looking Statements This 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 and growth opportunities and strategies to grow our business; our expected revenue growth, operating income leverage and cash flow; 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: product introductions and price competition from our competitors can have unpredictable negative effects on our revenue, profitability and market position; governmental encroachment in our tax businesses or other governmental activities regulating the filing of tax returns could negatively affect our operating results and market position; we may not be able to successfully introduce new products and services to meet our growth and profitability objectives, and current and future products and services may not adequately address customer needs and may not achieve broad market acceptance, which could harm our operating results and financial condition; any failure to maintain reliable and responsive service levels for our offerings could cause us to lose customers and negatively impact our revenues and profitability; any significant product quality problems or delays in our products could harm our revenue, earnings and reputation; our participation in the Free File Alliance may result in lost revenue opportunities and cannibalization of our traditional paid franchise; any failure to properly use and protect personal customer information could harm our revenue, earnings and reputation; our acquisition activities may be disruptive to Intuit and may not result in expected benefits; our use of significant amounts of debt to finance acquisitions or other activities could harm our financial condition and results of operations; our revenue and earnings are highly seasonal and the timing of our revenue between quarters is difficult to predict, which may cause significant quarterly fluctuations in our financial results; predicting tax-related revenues is challenging due to the heavy concentration of activity in a short time period; we have implemented, and are continuing to upgrade, new information systems and any problems with these new systems could interfere with our ability to deliver products and services and gather information to effectively manage our business; our financial position may not make repurchasing shares advisable or we may issue additional shares in an acquisition causing our number of outstanding shares to grow; and litigation involving intellectual property, antitrust, shareholder and other matters may increase our costs. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2007 and in our other SEC filings, available through our website at www.intuit.com. Fiscal 2009 guidance speaks 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. Intuit Proprietary & Confidential Intuit#25About Non-GAAP Financial Measures The accompanying presentation dated September 10, 2008 contains non-GAAP financial measures. Table 1 and Table 2 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 (loss), non-GAAP net income (loss) and non-GAAP net income (loss) 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 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 assessing the performance of the organization, our operating segments or our senior management. Segment managers are not held accountable for share-based compensation expenses, acquisition-related costs, or the other excluded items that may impact their business units' operating income (loss) and, accordingly, we exclude these amounts from our measures of segment performance. We also exclude these amounts from our budget and planning process. We believe that our non-GAAP financial measures also facilitate the comparison of results for current periods and guidance for future periods with results for past periods. We exclude the following items from our non-GAAP financial measures: • Share-based compensation expenses. Our non-GAAP financial measures exclude share-based compensation expenses, which consist of expenses for stock options, restricted stock, restricted stock units and purchases of common stock under our Employee Stock Purchase Plan. Segment managers are not held accountable for share-based compensation expenses impacting their business units' operating income (loss) and, accordingly, we exclude share-based compensation expenses from our measures of segment performance. While share-based compensation is a significant expense affecting our results of operations, management excludes share-based compensation from our budget and planning process. We exclude share-based compensation expenses from our non-GAAP financial measures for these reasons and the other reasons stated above. We compute weighted average dilutive shares using the method required by SFAS 123(R) for both GAAP and non-GAAP diluted net income per share. • Amortization of purchased intangible assets and acquisition-related charges. In accordance with GAAP, amortization of purchased intangible assets in cost of revenue includes amortization of software and other technology assets related to acquisitions and acquisition-related charges in operating expenses includes amortization of other purchased intangible assets such as customer lists, covenants not to compete and trade names. Acquisition activities are managed on a corporate-wide basis and segment managers are not held accountable for the acquisition-related costs impacting their business units' operating income (loss). We exclude these amounts from our measures of segment performance and from our budget and planning process. We exclude these items from our non-GAAP financial measures for these reasons, the other reasons stated above and because we believe that excluding these items facilitates comparisons to the results of other companies in our industry, which have their own unique acquisition histories. • Gains and losses on disposals of businesses and assets. We exclude these amounts from our non-GAAP financial measures for the reasons stated above and because they are unrelated to our ongoing business operating results. • Gains and losses on marketable equity securities and other investments. We exclude these amounts from our non-GAAP financial measures for the reasons stated above and because they are unrelated to our ongoing business operating results. • Income tax effects of excluded items. Our non-GAAP financial measures exclude the income tax effects of the adjustments described above that relate to the current period as well as adjustments for similar items that relate to prior periods. We exclude the impact of these tax items for the reasons stated above and because management believes that they are not indicative of our ongoing business operations. • 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 for the reasons stated above and because they are unrelated to our ongoing business operations. Intuit Proprietary & Confidential Intuit#26About Non-GAAP Financial Measures The following describes each non-GAAP financial measure, the items excluded from the most directly comparable GAAP measure in arriving at each non-GAAP financial measure, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. (A) Operating income (loss). We exclude share-based compensation expenses, amortization of purchased intangible assets and acquisition-related charges from our GAAP operating income (loss) from continuing operations in arriving at our non-GAAP operating income (loss) primarily because we do not consider them part of ongoing operating results when assessing the performance of the organization, our operating segments and senior management or when undertaking our budget and planning process. We believe that the exclusion of these expenses from our non-GAAP financial measures also facilitates the comparison of results for current periods and guidance for future periods with results for prior periods. In addition, we exclude amortization of purchased intangible assets and acquisition- related charges from non-GAAP operating income (loss) because we believe that excluding these items facilitates comparisons to the results of other companies in our industry, which have their own unique acquisition histories. (B) Net income (loss) and net income (loss) per share (or earnings per share). We exclude share-based compensation expenses, amortization of purchased intangible assets, acquisition-related charges, net gains on marketable equity securities and other investments, gains and losses on disposals of businesses, certain tax items as described above, and amounts related to discontinued operations from our GAAP net income (loss) and net income (loss) per share in arriving at our non-GAAP net income (loss) and net income (loss) per share. We exclude all of these items from our non-GAAP net income (loss) and net income (loss) per share primarily because we do not consider them part of ongoing operating results when assessing the performance of the organization, our operating segments and senior management or when undertaking our budget and planning process. We believe that the exclusion of these items from our non-GAAP financial measures also facilitates the comparison of results for current periods and guidance for future periods with results for prior periods. In addition, we exclude amortization of purchased intangible assets and acquisition-related charges from our non-GAAP net income (loss) and net income (loss) per share because we believe that excluding these items facilitates comparisons to the results of other companies in our industry, which have their own unique acquisition histories. We exclude gains on marketable equity securities and other investments, net from our non-GAAP net income (loss) and net income (loss) per share because they are unrelated to our ongoing business operating results. Our non-GAAP financial measures exclude the income tax effects of the adjustments described above that relate to the current period as well as adjustments for similar items that relate to prior periods. We exclude the impact of these tax items because management believes that they are not indicative of our ongoing business operations. The effective tax rates used to calculate non-GAAP net income (loss) and net income (loss) per share were as follows: 36% for fiscal 1999; 34% for fiscal 2000 and 2001; 33% for fiscal 2002 and 2003; 34% for fiscal 2004; 35% for fiscal 2005; 37% for fiscal 2006; and 36% for fiscal 2007, 2008 and 2009. Finally, we exclude amounts related to discontinued operations from our non-GAAP net income (loss) and net income (loss) per share because they are unrelated to our ongoing business operations. We refer to these non-GAAP financial measures in assessing the performance of Intuit's ongoing operations and for planning and forecasting in future periods. These non-GAAP financial measures also facilitate our internal comparisons to Intuit's historical operating results. We have historically reported similar non-GAAP financial measures and believe that the inclusion of comparative numbers provides consistency in our financial reporting. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. The reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures in Table 1 include all information reasonably available to Intuit at the date of this presentation. These tables include 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 marketable equity securities and other investments. Intuit Proprietary & Confidential Intuit#27Non-GAAP Reconciliation: FY99-FY08 INTUIT INC. TABLE 1 RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES (In thousands, except per share amounts) (Unaudited) GAAP operating income (loss) from Fiscal 2008 Fiscal 2007 Fiscal 2006 Fiscal 2005 Fiscal 2004 Fiscal 2003 Fiscal 2002 Fiscal Fiscal Fiscal 2001 2000 1999 continuing operations $ Amortization of purchased intangible assets Acquisition-related charges 650,767 56,011 35,518 $ 637,570 30.926 19,964 $ 565,594 8,785 9,478 $ 528,701 9,135 $ 421,164 9,069 $ 343,317 10,241 $ 50,702 12,378 $ 12,686 19,576 28,853 181,289 (81,358) $ 14,949 247,806 12,414 7,003 150,208 $ 34,951 5,278 84,570 Charge for purchased research and development 1,070 2,151 Share-based compensation expense 113,237 76,313 70,340 5,489 6,232 2,714 2,534 238 2,531 1,312 1,266 Loss on impairment of long-lived asset 27,000 Non-GAAP operating income $ 855,533 $ 764,773 $ 654,197 S 556,011 $ 456,041 $ 386,195 $ 276,054 $ 184,166 $ 172,203 S 124,799 GAAP net income (loss) $ Amortization of purchased intangible assets Acquisition-related charges 476,762 56,011 35,518 $ 440,003 30,926 19,964 $ 416,963 8,785 9,478 $ 381,627 9,135 12,686 $ 317,030 9,069 19,576 $ 343,034 10,241 28,853 $ 140,160 12,378 181,289 $ (82,793) $ 305,661 14,949 7,003 247,806 S 386,564 5,278 150,208 84,570 Charge for purchased research and development 1,070 2,151 238 1,312 Share-based compensation expense 113,237 76,313 70,340 5.489 6,232 2,714 2.534 2,531 1,266 Loss on impairment of long-lived asset 27,000 Pre-tax (gain) loss on disposal of assets and businesses (51,571) (31,676) (2,364) (8,308) 15,315 (Gains) losses on marketable equity securities (1,417) (1,568) (7,629) (5,225) (1,729) (10,912) 15,535 98,053 (481,130) Income tax effects of non-GAAP adjustments (55,181) (34,512) (19,047) (7,730) (11,270) (10,549) Exclusion of discrete GAAP tax items and other (5,155) 5,537 (3,458) (13,298) (25,146) Discontinued operations (26,012) 3,465 (36,000) (3,884) 7,237 59 (80,233) (76,751) (6,335) (86,421) (128,823) 109,256 (579,211) 176,171 34,148 32,188 14,148 (27,549) 20,030 2,224 Cumulative effect of accounting change (14,314) Non-GAAP net income $ 542,192 $ 508,452 $ 437,068 $ 378,800 $ 320,999 $ 284,277 $ 203,232 $ 159,560 $ 145,794 $ 89,744 GAAP diluted net income (loss) per share S Non-GAAP diluted net income per share $ 1.41 1.60 $ 1.24 $ 1.43 $ $ 1.16 1.21 $ $ 1.01 S 1.01 S 0.79 0.80 $ $ 0.81 0.67 $ $ 0.32 0.47 $ $ (0.20) $ 0.72 S 0.97 0.37 $ 0.35 $ 0.22 Shares used in diluted per share amounts 339,268 355,815 360,471 376,796 400,162 421,910 435,794 430,710 422,542 399,632 See "About Non-GAAP Financial Measures" immediately preceding Table 1 for more 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. Intuit Proprietary & Confidential intuit#28Non-GAAP Reconciliation: FY09 Guidance Twelve Months Ending July 31, 2009 Revenue INTUIT INC. TABLE 2 RECONCILIATION OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES TO PROJECTED GAAP REVENUE, OPERATING INCOME AND EARNINGS PER SHARE GAAP Range of Estimate From (In thousands, except per share amounts) Forward-Looking Guidance To Adjustments Non-GAAP Range of Estimate From Το $ 3,350,000 $ 3,430,000 $ $ 3,350,000 $ 3,430,000 Operating income $ 724,000 $ 744,000 $ 246,000 [a] $ 970,000 $ 990,000 Operating margin 22% 22% 7% [a] Diluted earnings per share Shares $ 1.41 328,000 $ 1.45 $ 0.45 [b] $ 331,000 29% 1.86 328,000 29% $ 1.90 331,000 [a] Reflects estimated adjustments for share-based compensation expense of approximately $148 million; amortization of purchased intangible assets of approximately $60 million; and acquisition-related charges of approximately $38 million. [b] Reflects the estimated adjustments in item [a] and income taxes related to these adjustments. Intuit Proprietary & Confidential Intuit