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Intuit Reports Fourth Quarter and Full Year Fiscal 2026 Results; Sets Fiscal 2027 Guidance

INTU
  • Intuit reported a 14 percent revenue increase for both the fourth quarter & full fiscal year 2026, reaching $21.4 billion for the full year.
  • Total revenue for the fourth quarter was $4.4 billion, with Global Business Solutions at $3.4 billion, Online Ecosystem at $2.6 billion, & Consumer at $930 million.
  • Full-year 2026 revenue included $12.9 billion from Global Business Solutions, $9.9 billion from Online Ecosystem, & $8.6 billion from Consumer.
  • "Big Bets" products grew 34 percent & accounted for 30 percent of full-year revenue.
  • GAAP operating income rose 20 percent to $5.9 billion, while non-GAAP operating income increased 18 percent to $8.9 billion.
  • GAAP earnings per share grew 20 percent to $16.46, & non-GAAP earnings per share increased 20 percent to $24.27.
  • QuickBooks Online Accounting revenue increased 23 percent for the full year & 20 percent in the fourth quarter.
  • TurboTax revenue grew 7 percent for the full year to $5.3 billion, with TurboTax Live revenue surging 37 percent.
  • Credit Karma revenue increased 20 percent to $2.6 billion for the full year & 16 percent to $743 million in the fourth quarter.
  • Intuit repurchased $5.5 billion of stock in fiscal 2026, a 96 percent increase from the prior year, reducing diluted shares outstanding by 2 percent.
  • The company announced a quarterly dividend of $1.38 per share, representing a 15 percent increase, payable on October 16, 2026.
  • As of July 31, 2026, Intuit held $7.2 billion in cash & investments with $7.7 billion in total debt.
  • Effective August 1, 2026, Mailchimp will be reported as a separate operating segment starting in fiscal 2027.
  • Intuit revised its non-GAAP reporting to include share-based compensation expense in financial measures beginning fiscal 2027.
  • Full-year fiscal 2027 revenue guidance is set between $23.279 billion & $23.512 billion, reflecting 9 percent to 10 percent growth.
  • Fiscal 2027 non-GAAP operating income guidance ranges from $8.063 billion to $8.145 billion, representing 17 percent to 18 percent growth.
  • Fiscal 2027 non-GAAP diluted earnings per share guidance is projected between $22.88 & $23.12.
  • First-quarter fiscal 2027 revenue guidance is $4.294 billion to $4.313 billion, with non-GAAP operating income guidance of $902 million to $915 million.
  • Intuit executives will discuss results on a conference call at 1:30 p.m. Pacific time on August 25, 2026.
  • The annual Investor Day is scheduled for September 17, 2026, at Intuit's Mountain View, CA headquarters.