INTUIT (INTU) Company Report

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%.

7 days ago

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.

7 days ago

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.

7 days ago

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.

7 days ago

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).

Dec 10, 2025, 9:20 PM

Transcript

Intuit highlights AI-driven platform evolution at Barclays Tech Conference

INTU

Product Launch

New Projects/Investments

Intuit is leveraging AI to deliver done-for-you personalized tax and financial experiences by ingesting data (70,000 data points per consumer) across TurboTax, Credit Karma, and ProTax.
The AI-human integration reduced tax prep time by 12% last year and modernized TurboTax’s 40-year-old platform, enabling 13,000 tax pros to focus on high-value tasks.
A new AI-driven BizTax platform for small businesses was launched last year, benefiting from 40% higher developer efficiency and targeting the $37 billion assisted-tax market of 88 million filers.
To enhance in-person support, Intuit is opening 600 service centers and 20 retail stores plus a flagship, resulting in a 5× increase in expert engagement within a 50-mile radius.
Credit Karma (43 million MAUs) is deploying AI agents (e.g., Refund Assistant, Debt Assistant, Credit Spark) to drive daily personal-finance decisions and smooth year-round engagement.

Dec 10, 2025, 9:20 PM

Transcript

Intuit highlights AI partnership and growth at UBS 2025 tech conference

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New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Intuit detailed its partnership with OpenAI, integrating Intuit apps into ChatGPT to provide personalized financial management experiences while maintaining customer relationship and data security.
The company reported over 2.8 million customers using its AI agents within four months, achieving >80% repeat usage and saving users 12 hours/month on accounting tasks.
Intuit’s new growth vectors include a 40%-growing mid-market ERP, 47% growth in the assisted segment (TurboTax Live & QuickBooks Live), and a 36%-growing money services portfolio.
Global Business Solutions online revenue rose 20%, driven by 25% growth in accounting and 17% in services; excluding Mailchimp, online services growth was 26%.
TurboTax Live’s 47% growth is supported by integration with 43 million monthly active Credit Karma users, aiming to sustain and expand penetration in both DIY and assisted tax markets.

Dec 2, 2025, 6:35 PM

Transcript

Intuit reports Q1 2026 results

INTU

Earnings

Guidance Update

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.