INTUIT INC. (INTU) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that INTUIT INC. surfaced in its latest filing.

• The legacy IRS Free File Program enables the IRS to offer free commercial tax software directly to qualifying taxpayers.
• Our use of Credit Karma member data is subject to a 2014 Federal Trade Commission order requiring a comprehensive security program and biennial independent security assessments for 20 years.2014
• The EU Artificial Intelligence Act went into force in February 2025, regulating AI systems affecting individuals in the EU.February 2025
• We relied on the EU-U.S. Privacy Shield and Safe Harbor frameworks, whose judicial invalidation created compliance challenges for transferring EU personal data to the U.S.
• A new EU-U.S. Data Privacy Framework currently provides a basis for transferring personal data from the EU to the U.S., but its future is uncertain because it faces legal challenges in European courts.
• We have received a number of allegations of intellectual property infringement claims in the past, and some of these claims are the subject of pending litigation against us and against some of our customers.
• We have entered into credit arrangements with financial institutions as a source of funding, and termination or interruption in the financial institutions’ ability to lend could interrupt our ability to provide capital.
• Under the terms of our 2020 Notes, we may be required to repurchase the notes for cash prior to maturity upon certain changes of control accompanied by certain credit rating downgrades.2020