Intuit (NASDAQ:INTU) Announces Quarterly Earnings Results

Intuit (NASDAQ:INTU) released its earnings results on Tuesday. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45, FiscalAI reports. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. Intuit updated its Q1 2027 guidance to 2.440-2.480 EPS and its FY 2027 guidance to 22.880-23.120 EPS.

Here are the key takeaways from Intuit’s conference call:

• Positive Sentiment: Intuit finished fiscal 2026 with revenue growth of 14% and GAAP and non-GAAP EPS growth of 20%. Its major growth bets—Assisted Tax, Money, and Mid-Market—grew 34% collectively and accounted for 30% of revenue.
• Negative Sentiment: Management acknowledged slower customer acquisition, with total online paying customers increasing only 3%, and said Intuit lost quality DIY tax customers to lower-cost competitors. The company expects fiscal 2027 revenue growth to decelerate to 9%-10%, including TurboTax growth of 2%-3% and Consumer segment growth of 4%-6%.
• Neutral Sentiment: Intuit is shifting fiscal 2027 investments toward new-customer acquisition and market-share gains, including QuickBooks Free and Lite, direct mid-market sales, industry-specific products, and expanded distribution for TurboTax. Management said this may reduce initial tax ARPC but is intended to increase customer lifetime value through broader platform adoption.
• Positive Sentiment: The business platform continued to show strong momentum: mid-market revenue grew 39%, online payment volume rose 30% for the year to more than $225 billion, and Intuit Enterprise Suite annualized revenue exceeded $145 million in the fourth quarter. AI adoption was also strong, with more than 75% of Enterprise Suite customers using AI agents monthly.
• Positive Sentiment: Intuit repurchased $5.5 billion of stock in fiscal 2026, up 96% year over year, reducing diluted shares outstanding by 2%, while the board approved a 15% dividend increase. Management also reiterated its goal of returning to durable double-digit companywide revenue growth over the longer term.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $357.46 on Wednesday. The firm’s 50 day moving average is $302.38 and its two-hundred day moving average is $357.99. Intuit has a 52 week low of $252.84 and a 52 week high of $705.08. The firm has a market capitalization of $97.78 billion, a P/E ratio of 21.65, a PEG ratio of 1.16 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 in the last three months. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. United Bank bought a new stake in shares of Intuit during the 2nd quarter worth $734,000. Sivia Capital Partners LLC grew its stake in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Intuit by 44.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 537 shares of the software maker’s stock worth $423,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on INTU shares. UBS Group reissued a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Mizuho dropped their price objective on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. TD Cowen reissued a “buy” rating on shares of Intuit in a report on Tuesday, August 18th. Oppenheimer decreased their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Piper Sandler reaffirmed an “underweight” rating and set a $250.00 target price on shares of Intuit in a report on Wednesday, August 19th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $449.65.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted earnings of $4.03 per share also exceeded expectations of approximately $3.58, while fiscal 2026 revenue reached $21.45 billion. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: The board approved a quarterly dividend of $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder returns and potential support for earnings per share. Intuit dividend announcement
• Neutral Sentiment: Management said it is prioritizing customer acquisition and market-share gains, including a better price-value proposition, which could support longer-term growth but may reduce near-term revenue and margins.
• Neutral Sentiment: Intuit highlighted adoption of its AI tools, with 75% of enterprise customers reportedly using AI agents monthly. However, management also acknowledged growing AI competition, making the technology strategy an important execution risk. Intuit AI customer adoption
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies slower growth of roughly 9% to 10%, below Wall Street expectations. Adjusted EPS guidance of $22.88 to $23.12 also fell well short of the supplied consensus estimate of $26.04; first-quarter guidance was similarly below expectations. Reuters report on Intuit’s annual forecast
• Negative Sentiment: Cost-conscious customers are leaving TurboTax because of pricing, while TurboTax revenue grew only 3% in the quarter. The CEO said Intuit is working on lower-cost offerings, but that strategy could pressure near-term sales. MarketWatch report on TurboTax pricing
• Negative Sentiment: Mailchimp is being reported as a separately disclosed business with an outlook for zero growth, adding to concerns about Intuit’s slowing expansion and competitive position. Multiple law firms have also announced securities lawsuits tied to alleged disclosures about TurboTax, AI growth and competitive risks, creating an additional overhang.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.