New York, January 26, 2026, 12:41 (EST) — Regular session
- Intuit has teamed up with Checkr in a multi-year deal to integrate background checks directly into QuickBooks Online Payroll and Intuit Enterprise Suite
- INTU shares edged up slightly by midday but lagged behind the broader market rally
- Investors are tracking early tax-season moves alongside Intuit’s fiscal Q2 wrap-up at month-end
Intuit announced Monday a multi-year deal with background-check provider Checkr to integrate Checkr’s tech into QuickBooks Online Payroll and Intuit Enterprise Suite. Kristen Faris, a Checkr exec, said the partnership aims to help firms “hire safely, confidently and efficiently.” Meanwhile, Intuit’s Olivier Bartholot noted customers want tools that “work together seamlessly, without adding complexity.” (PR Newswire)
This shift is significant as Intuit pushes QuickBooks beyond accounting into a central spot for daily business tasks. Integrating hiring directly into payroll might lock small firms deeper into Intuit’s ecosystem, trimming their reliance on external vendors.
The timing is tense for the stock. Investors want proof that the new add-ons will drive steadier subscription growth, especially as small businesses juggle costs, hiring, and compliance challenges.
Background checks are basically the screenings employers perform before hiring someone. Integrating them into payroll software means it can be done in just a few clicks, rather than requiring a separate sign-up and dashboard.
Intuit shares edged up roughly 0.2% to $565.36 by midday. The S&P 500’s SPY gained around 0.6%, with the Nasdaq-focused QQQ climbing about 0.7%. Payroll rivals ADP and Paychex slipped, but tax preparer H&R Block saw a slight uptick.
Tax season kicks off Monday, marking the start of the 2026 filing period. The IRS set the deadline for most individual returns on April 15 and is anticipating about 164 million filings this year. (Internal Revenue Service)
In its November quarterly report, Intuit posted $3.9 billion in revenue, marking an 18% increase. The company projected second-quarter revenue growth of roughly 14% to 15% for the period ending January 31. CFO Sandeep Aujla expressed confidence in achieving double-digit revenue gains and margin expansion this year. (Intuit Inc.)
The company is expanding its tax support offerings. Earlier this month, Intuit launched a TurboTax flagship store in SoHo, New York, and announced plans to open about 600 expert offices along with 20 TurboTax stores. The goal: combine face-to-face assistance with its digital tools. (Intuit Inc.)
Traders are now focused on whether these product launches translate into higher usage and better retention, particularly for QuickBooks payroll as hiring trends evolve. The volume and mix during tax season will also be crucial, since the consumer side tends to fluctuate with filing cycles.
The downside is clear: integrations alone won’t ensure adoption. Slower hiring could dampen demand for payroll add-ons, while background checks pose compliance and reputational risks if customers face delays, disputes, or shifting regulations.
The next major event is the January 31 quarter-end. After that, all eyes will shift to Intuit’s fiscal second-quarter results and outlook, as investors seek signs that payroll services and early tax-season demand are boosting revenue.
