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  "documentTitle": "Intuit Inc. (INTU)",
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  "authorName": "Ben Axler",
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  "notes": "Includes a direct quote from Intuit's FY 2024 10-K as supporting evidence.",
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      "text": "New Risk Factor Disclosure in FY 2024 10-K Regarding Increasing Compensation Costs",
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      "text": "We may experience higher compensation costs to retain and recruit senior management and highly-skilled employees that may not be offset by improved productivity or revenue.",
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      "text": "median compensation CAGR: 8%",
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      "text": "We analyzed median compensation data for several comparable Silicon Valley-based enterprise software companies. We focus on the period from 2018 to 2022... Intuit's median compensation grew at an 8% CAGR over the period, while the peer average and median grew just 4% and 2%, respectively.",
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      "text": "Source: Intuit SEC filings, Adobe SEC filings, Salesforce SEC filings, ServiceNow SEC filings, Workday SEC filings, Spruce Point Research",
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      "text": "Analysis of Median Compensation (Based on Year Proxy Statement Filed)",
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      "text": "Median Compensation Data Also Supports The Thesis That Intuit's Labor Costs Are Increasing",
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