QuickBooks gross profit for the quarter ending 4/30/22 was $4.808B, a 34.38% increase year-over-year. Are there other companies hiking their rates 10% with those margins?

Hello, Wknow. 

We recognize that a price change like this can be difficult for small business owners and that, just like us, you have to evaluate the value that each of the products and services you pay for are bringing to your business.

Price increases help us to deliver the products, services and support you, and your clients need today and in the future. We continue to invest in improving QuickBooks Online speed and automation, and have recently released innovations, like:

• Get Paid Up Front invoicing.
• Automation of recurring payments.
• New capabilities on the QuickBooks mobile app including a new Business Dashboard, Siri Smart Suggestions, Mileage OnDemand, and expanded Trips functionality
• New 3rd party app integrations to expand QuickBooks Online functionality.

We understand that not all businesses have the same needs at the same time as others. We're constantly evaluating feedback we receive from business owners and design plans around what makes the most sense for managing and running a business. 

I appreciate your thoughts and time for sharing your feedback, so we can better understand the impact of these changes.

For more information and frequently asked questions about the upcoming price changes, you can check out this article: 2022 QuickBooks Online price update. 

I'm all ears if you have other concerns regarding QuickBooks Online.