Intuit (NASDAQ:INTU) Announces Quarterly Earnings Results, Beats Estimates By $0.45 EPS

Intuit (NASDAQ:INTU) issued its earnings results on Tuesday. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45, FiscalAI reports. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. 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 Trading Down 3.4%

Shares of Intuit stock traded down $12.46 during trading hours on Tuesday, hitting $357.46. The company’s stock had a trading volume of 7,014,951 shares, compared to its average volume of 4,352,898. The business has a fifty day moving average of $300.85 and a 200 day moving average of $358.61. Intuit has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $97.78 billion, a PE ratio of 21.65, a P/E/G ratio of 1.15 and a beta of 0.97.

Analysts Set New Price Targets

Several research firms have issued reports on INTU. HSBC decreased their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research note on Thursday, May 21st. Freedom Capital cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Twenty research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuit

A number of large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Intuit by 145.6% during the 4th 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 period. Nicholas Hoffman & Company LLC. acquired a new position in Intuit in the 1st quarter worth $785,564,000. Sivia Capital Partners LLC lifted its holdings in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC boosted its position in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal fourth-quarter revenue of approximately $4.35 billion, up 14% year over year, and adjusted EPS of $4.03, exceeding analyst estimates of $4.27 billion in revenue and $3.58 in EPS. Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted EPS increased 20% to $16.46. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: Growth remained solid across key businesses: fourth-quarter Global Business Solutions revenue increased 14%, Credit Karma revenue rose 16%, and Consumer revenue climbed 14%. Intuit also repurchased $5.5 billion of stock during fiscal 2026. Intuit fiscal 2026 revenue and buyback report
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, payable October 16, 2026, providing an additional shareholder-return benefit. Intuit dividend announcement
• Neutral Sentiment: Management said it will prioritize customer acquisition, market-share gains and long-term growth durability, potentially accepting slower near-term monetization. The strategy could support future expansion but may pressure results in the near term. Reuters report on Intuit’s annual forecast
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies roughly 9%–10% growth and fell short of Wall Street expectations near $23.7 billion. EPS guidance of $20.12–$20.36 was also well below the consensus estimate of $26.04. First-quarter guidance likewise trailed forecasts. Wall Street Journal report on Intuit’s slower-growth forecast
• Negative Sentiment: Investors are also concerned about muted expectations for Mailchimp and TurboTax, alongside management’s comments regarding AI competition and potential pressure on Intuit’s competitive advantages. TipRanks report on Intuit’s guidance and AI competition
• Negative Sentiment: Several law firms announced or promoted securities class actions alleging that Intuit’s disclosures understated competitive, pricing or TurboTax-related risks. The lawsuits remain allegations and could create legal costs and reputational risk. Pomerantz Intuit class-action announcement

About Intuit

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.