INTUIT (INTU) Company Report

Intuit delivered Q1 FY2026 revenue of $3.9 billion, up 18%, with GAAP EPS of $1.59 and non-GAAP EPS of $3.34.
Global Business Solutions revenue grew 18% (20% ex-Mailchimp), driven by 21% growth in online ecosystem revenue and 40% growth in QBO Advanced and Intuit Enterprise Suite for mid-market customers.
Consumer segment revenue rose 21%, led by 27% growth at Credit Karma, 6% at TurboTax, and 15% at ProTax.
The company reaffirmed FY 2026 guidance for 12–13% total revenue growth to $21.0–21.2 billion, GAAP EPS of $15.49–15.69, and non-GAAP EPS of $22.98–23.18; repurchased $851 million of stock and raised the quarterly dividend by 15% to $1.20 per share.

Nov 20, 2025, 9:30 PM

Transcript

Intuit reports Q1 2026 results

INTU

Earnings

Guidance Update

Product Launch

Revenue grew 18% in Q1 with strong momentum across Business and Consumer segments; QuickBooks Live customers increased 61% and total online payment volume rose 29%.
Introduced AI-driven innovations including Intuit Intelligence, an AI-native Accounting Suite, and AI agents for accounting, payments, payroll, and sales tax—now leveraged by 2.8 million customers.
Consumer segment strength: TurboTax Live revenue up 51%, Credit Karma continued share gains in personal loan and credit card originations, and new AI assistants (CreditSpark, debt/refund/tax assistants) launched.
Ended Q1 with $3.7 B cash, $6.1 B debt, repurchased $851 M of stock, and raised the quarterly dividend 15% to $1.20; reaffirmed FY 2026 revenue guidance of $20.997 B–$21.186 B (12%–13% growth) and non-GAAP EPS of $22.98–$23.18.
Announced integration with OpenAI’s ChatGPT, embedding Intuit apps and data securely within ChatGPT without altering existing economics or privacy protections.

Nov 20, 2025, 9:30 PM

Transcript

Intuit reports Q1 fiscal 2026 results

INTU

Earnings

Guidance Update

Product Launch

Q1 revenue of $3.9 billion (up 18% YoY), GAAP operating income of $534 million vs. $271 million, non-GAAP operating income of $1.3 billion, GAAP EPS of $1.59 vs. $0.70, and non-GAAP EPS of $3.34 vs. $2.50.
Global Business Solutions Group revenue grew 18% (20% ex-Mailchimp) with online ecosystem revenue up 21% (25% ex-Mailchimp) and mid-market ecosystem revenue up ~40% in Q1.
Unveiled AI-driven expert platform innovations including beta of Intuit Intelligence, launch of Intuit Accounting Suite, and 2.8 million customers using AI agents; QuickBooks Live customer growth of 61% in Q1.
Partnered with OpenAI to integrate Intuit apps in ChatGPT—preserving customer data privacy, no revenue share, and maintaining existing economics.
Reaffirmed fiscal 2026 revenue guidance of $20.997–$21.186 billion (12–13% growth), repurchased $851 million of stock, and announced dividend of $1.20 per share (up 15%).

Nov 20, 2025, 9:30 PM

Transcript

Intuit reports Q1 FY’26 results

INTU

Earnings

Guidance Update

Total revenue rose 18% YoY to $3.885 billion, led by Global Business Solutions at $2.991 billion (+18% YoY) and Consumer at $894 million (+21% YoY) in Q1 FY’26.
Non-GAAP EPS was $3.34, up significantly year-over-year, while GAAP EPS stood at $1.59 in the quarter.
Non-GAAP operating income increased to $1.258 billion, delivering a 32.4% operating margin versus 29.0% a year ago.
FY’26 guidance raised: revenue expected at $20.997 billion–$21.186 billion and non-GAAP EPS at $22.98–$23.18.

Nov 20, 2025, 9:30 PM

Presentation

Intuit consolidates Consumer segments and recasts financials

INTU

Accounting Changes

Effective August 1, 2025, Intuit combined its Consumer, Credit Karma, and ProTax businesses into one Consumer segment, reducing its reporting segments to Consumer and Global Business Solutions.
The company recast segment revenue and operating income for fiscal years 2025, 2024, and 2023 in its 2025 Form 10-K to reflect the new structure, without restating audited financial statements.
For the twelve months ended July 31, 2025, the Consumer segment generated $7.754 B in revenue (15% growth) and Global Business Solutions generated $11.077 B (16% growth), driving total net revenue of $18.831 B.
To align with the updated structure, Intuit reclassified $9 M from Global Business Solutions and $606 M from Consumer as corporate expenses for fiscal 2025.

Nov 20, 2025, 9:19 PM

8-K

Intuit reports Q1 FY26 results and reiterates full-year guidance

INTU

Earnings

Guidance Update

Share Buyback

Intuit delivered $3.885 billion in Q1 FY26 revenue, up 18 percent year-over-year. Global Business Solutions revenue grew to $3.0 billion (+18 percent), including Online Ecosystem revenue of $2.4 billion (+21 percent), and Consumer revenue rose to $894 million (+21 percent).
GAAP operating income was $534 million (up 97 percent) and GAAP diluted EPS was $1.59 (up 127 percent); non-GAAP operating income reached $1.258 billion (+32 percent) with non-GAAP diluted EPS of $3.34 (+34 percent).
Reiterated FY26 guidance for revenue of $20.997 billion to $21.186 billion (12–13 percent growth), GAAP diluted EPS of $15.49 to $15.69 (13–15 percent growth), and non-GAAP diluted EPS of $22.98 to $23.18 (14–15 percent growth).
Returned capital via repurchases of $851 million of stock (with $4.4 billion remaining under authorization) and approved a $1.20 per share quarterly dividend (15 percent increase); ended quarter with $3.7 billion in cash & investments and $6.1 billion in debt.

Nov 20, 2025, 9:01 PM

8-K

Intuit signs $100M-per-year OpenAI ChatGPT deal

INTU

New Projects/Investments

Intuit entered a multi-year agreement to pay more than $100 million per year to integrate OpenAI’s large language models into TurboTax, QuickBooks, Credit Karma and Mailchimp, and to make those apps available inside ChatGPT.
Customers can link Intuit accounts in ChatGPT to perform tasks—such as estimating tax refunds, managing payroll and finances, and sending marketing messages—while Intuit retains control of underlying documents and ChatGPT does not directly access them.
The company will also run OpenAI models within its GenOS platform to power AI agents across its product suite.
The deal represents a notable enterprise win for OpenAI; Intuit’s stock rose over 3% in premarket trading after the announcement.
Integration raises privacy and accuracy concerns, which Intuit plans to address using domain-specific datasets and validation methods.

Nov 18, 2025, 1:57 PM

Bloomberg

Intuit launches AI-powered consumer platform integrating TurboTax and Credit Karma

INTU

Product Launch

Intuit’s new all-in-one Consumer Platform integrates Credit Karma and TurboTax, powered by agentic AI and supported by a network of 13,000 human experts for year-round personal finance management.
90% of common tax forms are auto-filled via generative AI, and Credit Karma’s year-round prompts enable over 80% of tax filing to be completed before the official season.
The platform includes Credit Spark to convert everyday payments into credit-building activity and My Cards to optimize credit card rewards without fees or new debt.
Intuit’s hybrid AI-plus-human approach aims to reduce financial stress, targeting the 75% of U.S. households earning under $100k and 57% of Credit Karma users with revolving debt.

Nov 7, 2025, 3:58 AM

Morningstar

Intuit launches AI-powered Accountant Suite

INTU

Product Launch

Intuit has launched the Intuit Accountant Suite, an AI-native platform designed to help accounting firms scale and manage clients, teams, and firms more efficiently.
The suite integrates Intuit Intelligence, a system of embedded AI agents and connected data that delivers insights, recommendations, and automation for tasks such as payroll and reporting.
Developed in partnership with accounting firms and beta tested by over 1,100 firms, the platform consolidates data and tools into a single centralized experience, replacing QuickBooks Online for Accountants.
CEO Sasan Goodarzi described Intuit Intelligence as the largest technology disruption in Intuit’s history, aiming to boost collaboration, productivity, and profitability for accounting firms.

Oct 28, 2025, 1:05 PM

Morningstar

Intuit outlines AI-driven growth strategy at Investor Day 2025

INTU

Guidance Update

Product Launch

Revenue Acceleration/Inflection

Intuit delivered 16% revenue growth in FY25 to nearly $20 billion with 40% operating margins, and set a 20% top-line growth aspiration.
Investor Day unveiled a shift to an AI-powered “system of intelligence” focused on three bets: done-for-you experiences, money management, and mid-market expansion, all built on data, AI and human expertise.
The mid-market segment achieved 40% revenue growth, 23% customer growth to ~350,000 users, and an ARPC of $27 k via Intuit Enterprise Suite, disrupting legacy ERPs.
FY26 guidance calls for 12–13% consolidated revenue growth (>$21 billion), 14–15% in business solutions, 6–10% in TurboTax, 10–15% in Credit Karma, plus a 15% dividend increase and ongoing buybacks.

Sep 18, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for INTUIT.