INTUIT (INTU) Company Report

Intuit reported 17% revenue growth in Q2, including 18% business platform, 40% mid-market, 15% consumer, 12% TurboTax, and 23% Credit Karma increases.
The company’s AI-driven expert platform strategy has unlocked a $300 billion TAM with just 6% penetration, driving ARPC and margin expansion.
TurboTax Live grew 12% despite a 5% decline in IRS filings, aided by 600 local service centers and reduced customer friction.
Strategic partnerships with OpenAI and Anthropic adhere to principles of owning the customer experience, retaining data and models on Intuit’s platform, and not sharing economics to enhance top-of-funnel reach and vertical KPIs.
Mid-market momentum continues: QuickBooks Enterprise Suite grew 40% with contracts up 50%, and QuickBooks Live usage increased 50%, strengthening cross-sell opportunities.

3 days ago

Transcript

Intuit outlines AI-driven expert platform strategy at Morgan Stanley TMT Conference

INTU

Revenue Acceleration/Inflection

New Projects/Investments

Intuit reported Q2 FY26 revenue growth of 17% and H1 growth of 18%, driven by Business platform +18% (including mid-market +40%) and Consumer platform +15% (TurboTax +12%, Credit Karma tax +23%).
The company’s AI-driven expert platform combining AI and human intelligence aims to unlock over $300 bn TAM, accelerate ARPC, and expand margins across all segments.
In tax services, Intuit improved local search visibility and reduced friction, expanding to 600 local service centers, resulting in 5.1 m local page visits through Feb 6 vs 4.2 m LY, supporting TurboTax’s 12% growth despite overall filings down 5%.
Strategic partnerships with OpenAI and Anthropic preserve Intuit’s ownership of customer experience and data, with no shared economics, to enhance top-of-funnel reach and enable verticalized AI capabilities.
QuickBooks mid-market (Intuit Enterprise Suite) grows 40%, with contracts up 50% QoQ and a 30% sales force expansion, targeting a $90 bn SMB TAM and leveraging AI for industry-specific KPIs.

3 days ago

Transcript

Intuit reports Q2 2026 results

INTU

Earnings

Guidance Update

Share Buyback

Intuit delivered $4.7 billion revenue (up 17%), GAAP operating income of $855 million vs. $593 million, and GAAP EPS of $2.48 vs. $1.67; non-GAAP EPS was $4.15 vs. $3.32.
Global Business Solutions Group revenue rose 18% (21% ex-Mailchimp) and online ecosystem revenue grew 21% (25% ex-Mailchimp); mid-market (QBO Advanced & Intuit Enterprise Suite) revenue was up 40% in Q2.
Consumer Group revenue increased 15%, driven by Credit Karma (+23%), TurboTax (+12%) and ProTax (+7%).
Returned capital via $961 million of share repurchases, raised the quarterly dividend to $1.20 per share (+15%), and ended the quarter with ~$3 billion in cash and $6.2 billion in debt.
Reaffirmed FY 2026 guidance: $20.997–21.186 billion revenue (+12–13%), GBSG +14–15%, Consumer +8–9%; GAAP EPS $15.49–15.69, non-GAAP EPS $22.98–23.18.

6 days ago

Transcript

Intuit reports Q2 2026 earnings

INTU

Earnings

Guidance Update

Share Buyback

In Q2 FY2026, Intuit delivered $4.7 billion in revenue, up 17% YoY; GAAP EPS of $2.48 and non-GAAP EPS of $4.15, versus $1.67 and $3.32 last year.
Global Business Solutions revenue grew 18% (21% ex-Mailchimp), with QuickBooks Online revenue up 24% and total online payment volume rising 29%.
Consumer segment revenue increased 15%, driven by Credit Karma up 23%, TurboTax up 12%, and ProTax up 7%, supported by AI-driven assisted tax services.
Repurchased $961 million of stock in Q2, raised the quarterly dividend by 15% to $1.20/share, and reaffirmed FY2026 revenue guidance of $20.997 billion–$21.186 billion (+12%–13%).

6 days ago

Transcript

Intuit reports Q2 2026 results

INTU

Earnings

Guidance Update

Q2 revenue of $4.65 billion, up 17% year-over-year
Non-GAAP EPS of $4.15 (+25% YoY) and GAAP EPS of $2.48
Non-GAAP operating margin expanded to 33.3% in Q2
Q3 revenue guidance of $8.52–$8.55 billion and full-year 2026 revenue guidance of $20.997–$21.186 billion; full-year non-GAAP EPS guidance of $22.98–$23.18

6 days ago

Presentation

Intuit reports Q2 2026 revenue up 17% and strong AI-driven growth

INTU

Earnings

Guidance Update

Share Buyback

Intuit reported Q2 FY2026 revenue of $4.7 billion, up 17% year-over-year, GAAP diluted EPS of $2.48 and non-GAAP diluted EPS of $4.15.
Global Business Solutions Group revenue grew 18% (21% excluding Mailchimp), with mid-market online ecosystem revenue up 40% for QBO Advanced and Intuit Enterprise Suite; Consumer Group revenue rose 15%, led by Credit Karma (+23%) and TurboTax (+12%).
Capital allocation included $961 million of share repurchases in Q2, a 15% increase in the quarterly dividend to $1.20 per share, and reaffirmation of FY 2026 revenue guidance of $20.997–21.186 billion (12–13% growth).
The company highlighted momentum in its AI and human intelligence platform, citing over 3 million customers using AI agents, 29% growth in total online payment volume, and a multiyear partnership with Anthropic alongside app launches in OpenAI’s directory.

6 days ago

Transcript

Intuit reports Q2 FY26 earnings and reaffirms FY26 guidance

INTU

Earnings

Guidance Update

Dividends

Intuit reported Q2 FY26 revenue of $4.7 billion (up 17% year-over-year), GAAP operating income of $855 million (up 44%), GAAP EPS of $2.48 (up 49%) and non-GAAP EPS of $4.15 (up 25%).
Global Business Solutions revenue grew 18% to $3.2 billion, including Online Ecosystem revenue up 21% to $2.5 billion, while Consumer revenue increased 15% to $1.5 billion, driven by Credit Karma at $616 million (+23%) and TurboTax at $581 million (+12%).
Intuit repurchased $961 million of stock in Q2 with $3.5 billion remaining on its authorization, and the board declared a quarterly dividend of $1.20 per share (15% increase), payable April 17, 2026.
The company reiterated FY26 guidance: revenue of $20.997–$21.186 billion (12–13% growth), GAAP EPS of $15.49–$15.69 and non-GAAP EPS of $22.98–$23.18.

6 days ago

8-K

Intuit reports strong Q2 FY26 results and affirms full-year outlook

INTU

Earnings

Guidance Update

Share Buyback

Intuit delivered Q2 FY26 revenue of $4.7 billion, up 17% year-over-year.
GAAP operating income rose 44% to $855 million, while non-GAAP operating income increased 23% to $1.5 billion.
Consumer revenue grew 15% to $1.5 billion, driven by Credit Karma $616 million (+23%) and TurboTax $581 million (+12%).
The company repurchased $961 million of shares and raised its quarterly dividend by 15% to $1.20 per share.
Intuit reiterated FY26 guidance with revenue of $20.997–$21.186 billion, GAAP EPS of $15.49–$15.69, and non-GAAP EPS of $22.98–$23.18.

6 days ago

Press Release

Intuit reports Q2 revenue surge, beats estimates

INTU

Earnings

Guidance Update

Revenue Acceleration/Inflection

Adjusted non-GAAP EPS of $4.15 vs. $3.66 expected; revenue of $4.65 billion (+17% y/y)
Global Business Solutions revenue of $3.2 billion (+18%) and Online Ecosystem revenue of $2.5 billion (+21%); QuickBooks Online +24%, Credit Karma $616 million (+23%), TurboTax $581 million (+12%)
GAAP net income of $693 million and diluted EPS of $2.48; GAAP operating income of $855 million (+44%), non-GAAP operating income of $1.5 billion (+23%)
Reaffirmed fiscal 2026 revenue guidance of $21.0–21.19 billion and double-digit operating income and EPS growth; next-quarter EPS guided at $12.45–$12.51

7 days ago

WSJ

Intuitive Machines plans $175M equity sale

INTU

New Projects/Investments

Intuitive Machines announced a $175 million strategic equity investment through ~11.6 million Class A shares at $15.12 each, closing Feb. 27.
The capital will fund expansion of its Near Space Network Services, Lanteris 1300-series platforms, and development of orbital communications, in-space data processing, and an eventual “solar system internet”.
Shares plunged 15–16% intraday amid dilution concerns after an $800 million Lanteris acquisition that depleted $622 million cash reserves and could dilute shareholders by ~26.5%.
Management aims to leverage the funding to win higher-margin, recurring government and commercial contracts—including NASA’s TDRSS, Golden Dome initiatives, and Mars Telecommunications Orbiter.

8 days ago

Bloomberg