QuickBooks Capital Has Big Funding Quarter

Intuit’s QuickBooks Capital funded $650M in the quarter ended October 31, according to the company’s latest earnings report.

“…We feel very bullish and confident in our money strategy, which includes, of course, payments, bill pay, and Capital,” said Sandeep Aujla, CFO of Intuit. Revenue and originations were up for the funding segment of its business and portfolio performance has been great. Allowances for Credit Losses, Charge-offs, and Past Due Amounts were cited as being immaterial for the quarter.

Intuit uses a fiscal quarter and this was considered Q1 2025. The company is now among the largest online small business funders in the US but still trails behind Square Loans, Enova, and Shopify Capital.