INTUIT (INTU) Company Report

Intuit shares plunged about 11–12% in trading and after-hours, dragging the Nasdaq and S&P 500 software and services index down roughly 1.4% and 4%, respectively.
The selloff was driven by renewed AI disruption fears, highlighted by Anthropic’s new Claude Cowork plug-ins that automate legal, sales, marketing and data-analysis tasks.
Morningstar data showed this was Intuit’s largest one-day percentage decline since March 16, 2020, marking a seventh consecutive down day that erased more than 23% over the stretch.
Investors will be watching Intuit’s fiscal Q2 earnings on Feb. 26 for signs of resilience in its tax and small-business franchise amid mounting AI competition.

4 days ago

Morningstar

Intuit partners with Affirm for pay-over-time in QuickBooks Online

INTU

Product Launch

Revenue Acceleration/Inflection

Intuit has entered a multi-year partnership with Affirm to make Affirm the exclusive pay-over-time solution built into QuickBooks Payments for QuickBooks Online.
SMBs using QuickBooks Payments will be able to offer customers flexible payment plans—including options as low as 0% APR and with no late or hidden fees—while getting paid upfront and shifting repayment risk to Affirm.
The integration leverages Intuit’s platform, which manages over $2 trillion in invoices annually, to help boost conversion rates, average order value, and overall cash flow for small and mid-market businesses.
Affirm’s pay-over-time offering will roll out in the coming months to eligible U.S. QuickBooks Online customers using QuickBooks Payments with no additional setup required.

4 days ago

Press Release

Intuit enters $5.8 B revolving credit facility

INTU

Debt Issuance

On January 30, 2026, Intuit Inc. entered into a $5.8 billion unsecured revolving credit facility maturing March 31, 2026, with JPMorgan Chase Bank as administrative agent.
The facility is designated solely to fund Intuit’s early tax refund offering, enabling eligible customers to access federal refunds up to five days early, and complements its commercial paper program and existing credit agreement.
Borrowings may be elected at SOFR + 0.875% or base rate + 0%, and the Company pays a 0.07% per annum commitment fee on unused commitments; voluntary prepayments and commitment reductions incur no penalties beyond customary breakage costs.
The credit agreement includes customary representations, warranties, affirmative and negative covenants (including a maximum consolidated leverage ratio), and events of default; Intuit has not drawn on the facility as of the effective date.

7 days ago

8-K

Intuit reports strong FY25 results and Q1 FY26 momentum

INTU

Earnings

Guidance Update

Intuit delivered FY25 revenue of $18.83 B, up 16% versus prior year (original guidance 12–13%).
Non-GAAP operating income was $7.57 B, up 18% on a 40% non-GAAP operating margin (guidance 13–14%).
In Q1 FY26, Intuit posted revenue of $3.885 B (+18%), non-GAAP operating income of $1.258 B (+32%), and non-GAAP EPS of $3.34 (+34%), all within or above guidance ranges.
The AI-driven platform is driving growth across segments: TurboTax Live customers +24% (TurboTax Live revenue +47%), QBO customers +8%, and mid-market revenue +40%.

Jan 22, 2026, 4:00 PM

Presentation

Intuit AGM: Management proposals approved and AI-driven growth strategy emphasized

INTU

Proxy Vote Outcomes

New Projects/Investments

At the 2026 Annual Stockholders’ Meeting, shareholders re-elected 11 directors, approved the advisory say-on-pay vote, ratified Ernst & Young as auditor for FY2026, and rejected the shareholder DEI ROI proposal.
CFO Sandeep Aujla reported that from FY2021 to FY2025 revenue scaled from $9.5 billion to $19 billion, net income doubled from $2 billion to over $4 billion, free cash flow rose from $3 billion to over $6 billion, and Intuit’s share price outperformed the S&P Software & Services ETF by 3×.
CEO Sasan Goodarzi outlined an AI-driven expert platform strategy focused on three major bets: delivering done-for-you experiences, enabling money movement services, and expanding the Intuit Enterprise Suite for mid-market customers.
Key operational proof points include 47% growth in TurboTax Live, 40% segment growth in Intuit Enterprise Suite with customers realizing a 300% ROI, and a 2× increase in QuickBooks Live usage.

Jan 22, 2026, 4:00 PM

Transcript

Intuit hosts FY26 annual shareholders' meeting

INTU

Proxy Vote Outcomes

New Projects/Investments

Intuit stockholders re-elected 11 directors, approved advisory say-on-pay and ratified Ernst & Young as auditor, and rejected a shareholder proposal on DEI ROI (Proposal 4).
CEO Sasan Goodarzi outlined a strategy to build an AI-driven expert platform aimed at doubling household savings rates and business growth, noting Q1 FY26 revenue growth of 18% and scaling from $5 B to nearly $20 B in size since FY14.
CFO Sandeep Aujla highlighted that over FY21–FY26 revenue doubled from $9.5 B to $19 B, net income from $2 B to $4 B, and free cash flow from $3 B to $6 B, with two-thirds returned to shareholders.
In Q&A, management reported 8% of revenues are international, confirmed AI agents are integrated in TurboTax, and ruled out spinning off the QuickBooks Desktop business.

Jan 22, 2026, 4:00 PM

Transcript

Intuit reports 2026 AGM outcomes and strategic update

INTU

Proxy Vote Outcomes

Revenue Acceleration/Inflection

New Projects/Investments

At the 2026 Annual Meeting, shareholders re-elected Intuit’s 11 directors, approved the advisory say-on-pay and ratified Ernst & Young as auditor for FY 2026, while rejecting a proposal for a DEI ROI report proposal four.
CEO Sasan Goodarzi reviewed Intuit’s growth from $5 billion to $20 billion in revenue since FY 2014 and Q1 FY 2026 growth of 18%, attributing the performance to investments in data, AI, and human intelligence.
The company’s strategy is built around an AI-driven expert platform with three key bets: done-for-you customer experiences, accelerated money movement, and mid-market expansion.
Initial proof points include 80% repeat usage of AI agents (2× faster task completion), 47% growth in TurboTax Live, and 40% mid-market growth coupled with a 300% ROI for Intuit Enterprise Suite customers.

Jan 22, 2026, 4:00 PM

Transcript

Intuit shares drop 6% after securing $2.2B credit line

INTU

Debt Issuance

Guidance Update

Intuit shares fell 6–7%, their steepest decline since August 2024, on volume of about 4.8 million shares amid a broad market sell-off.
The pullback reflected investor concern that emerging AI “agents” could pressure sector pricing and margins.
The company secured a $2.2 billion unsecured revolving credit facility (expandable to $4 billion) running through Jan. 9, 2031, replacing its prior 2024 facility; no draw has been made to date.
Intuit provided fiscal Q2 (ending Jan. 31) guidance of 14–15% revenue growth and $3.63–3.68 non-GAAP diluted EPS.

Jan 14, 2026, 4:50 PM

Morningstar

Intuit partners with Circle to integrate stablecoin capabilities

INTU

New Projects/Investments

Intuit signed a multi-year strategic partnership with a subsidiary of Circle to integrate USDC stablecoin infrastructure across TurboTax, QuickBooks, and Credit Karma, enabling faster, lower-cost global money movement.
The collaboration leverages programmable, 24/7, low-friction rails to unlock new financial experiences in refunds, remittances, savings, and payments.
Intuit will continue investing in its money platform—covering fast money, lending, and banking—with strong commitments to data privacy, security, and responsible governance.

Dec 18, 2025, 2:00 PM

Press Release

Intuit outlines AI-driven consumer strategy at Barclays Technology Conference

INTU

Product Launch

New Projects/Investments

Intuit’s Consumer Group is transforming TurboTax and Credit Karma into a “done-for-you” AI-driven platform that ingests data and personalizes experiences using 70,000 data points per consumer, aiming to solve daily financial needs (2025-12-10).
The 40-year-old TurboTax and QuickBooks platforms have been modernized with a unified data services architecture, and AI has boosted developer productivity by 40%, enabling faster launches such as the Biztax small-business tax service (2025-12-10).
AI personalization in TurboTax cut average tax-prep time by 12%, and ahead of the upcoming season Intuit will open 600 service centers and ~20 retail stores—local experts drove a 5× engagement increase within 50 miles last year (2025-12-10).
Intuit targets 20% long-term consumer-platform growth by scaling its AI+HI flywheel and leveraging Credit Karma’s 140 million members and 43 million monthly active users with new assistants (refund, debt) to deliver year-round financial advice (2025-12-10).