Interesting to see Intuit's Q3 results. I think Xero has finally...

Interesting to see Intuit's Q3 results.  I think Xero has finally started to show some real traction against QBO from the measurements I have been tracking.

So total QBO subs: 3.223m
US subs: 2503K
International: 720K
NonUs/US split: 29%
QBSE: 680K
QBO(ex-QBSE): 2543K
Xero/QBO(ex-QBSE): 55%
QB total (incl desktop): 3829
Xero/QB total: 36.5%

This last figure is by some distance the highest Xero has ever been. Ie in terms of total accounting software the total market share is 37% of Intuits from nothing just over 10 years ago. QBs figures are heavily masked by the cannibalisation from existing products but very large trends over this many years are noticeable.

My full spreadsheet below FYI for the calculations.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12	Column 13	Column 14	Column 15	Column 16	Column 17	Column 18	Column 19	Column 20	Column 21	Column 22	Column 23	Column 24
0		Q1FY13	Q213	Q313	Q413	Q114	Q214	Q314	Q414	Q115	Q215	Q315	Q415	Q116	Q216	Q316	Q416	Q117	Q217	Q317	Q417	Q118	Q218	Q318
1	Total QBO	399	430	459	487	516	561	624	683	739	841	965	1075	1159	1257	1397	1513	1638	1870	2220	2383	2552	2827	3223
2	Revenue									48	52	57	61	66	72	78	87	93	103	117	129	145	163	179
3	QoQ growth		8%	7%	6%	6%	9%	11%	9%	8%	14%	15%	11%	8%	8%	11%	8%	8%	14%	19%	7%	7%	11%	14%
4	pcp growth					29%	30%	36%	40%	43%	50%	55%	57%	57%	49%	45%	41%	41%	49%	59%	58%	56%	51%	45%
5	Qoq rev growth									8%	10%	7%	8%	9%	8%	12%	7%	11%	14%	10%	12%	12%	10%
6	US				455				600				877				1226	1315	1500		1883	2002	2197	2503
7	Non-US				32				83				198				287	323	370		500	550	630	720
8	NON-US/US				7%				14%				23%				23%	25%	25%		27%	27%	29%	29%
9	UK												40				71	~87K	100		>100
10	Aus												33				53				>100
11	Brazil												8				16
12	France																1
13	India												31				26
14	ROW												22				31
15	QBSE													35			85	110	180	360	390	425	490	680
16	QBO-QBSE		430	459	487	516	561	624	683	739	841	965	1075	1124	1257	1397	1428	1528	1690	1860	1993	2127	2337	2543
17	pcp growth ex QBSE												52%			33%	36%	34%	33%	40%	39%	38%	37%
18	Xero			51		112		210		371		475		593		717		862			1035		1200	1399
19	Xero/Intuit			11%		22%		34%		50%		49%		53%				56%			52%		51%	55%
20	QB TOTAL									1209	1376	1579	1633	1624	1810	2012	2113	2153	2434	2816	2963	3032	3383	3829
21	Gross subs adds															837
22	net adds																438
23	Xero/QB total				6%												31%				31%		31%	36.54%