QuickBooks Capital Originates $1.3B in Latest Fiscal Quarter

Intuit’s QuickBooks Capital is growing tremendously. The company originated $1.3B in term loans to small businesses for the fiscal quarter ending October 31, 2025, a 100% increase over the same period last year.

For the company’s previous full 2025 fiscal year which ended on July 31, 2025, the company had originated $3.5B in term loans, up from $1.8B in FY 2024. The figures put them near the top of all online small business lenders that deBanked tracks.

Intuit hardly mentions its term loan business in its quarterly earnings since other business lines including the QuickBooks software, TurboTax, and Mailchimp dominate. The term loans are marketed inside the QuickBooks software in a style of marketing known as embedded lending. The loans are technically issued by bank partners and Intuit buys the loans back from them.