Intuit (NASDAQ:INTU) Posts Earnings Results, Beats Expectations By $0.23 EPS

Intuit (NASDAQ:INTU) released its earnings results on Wednesday. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23, FiscalAI reports. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $11.65 EPS. Intuit updated its Q4 2026 guidance to 3.560-3.620 EPS and its FY 2026 guidance to 23.800-23.850 EPS.

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

• Intuit reported a strong Q3, with revenue up 10% to $8.6 billion and non-GAAP EPS of $12.80, both ahead of guidance; the company also raised full-year revenue and non-GAAP outlooks.
• Assisted Tax remained a major growth driver, with TurboTax Live customers expected to grow 38% and revenue 36% this year, making it more than half of TurboTax revenue and a key part of Intuit’s long-term strategy.
• Intuit said the DIY TurboTax segment underperformed due to pressure on the most price-sensitive filers earning under $50,000, and management plans to adjust pricing and product lineups to better compete in that part of the market.
• The company’s Consumer platform flywheel is gaining traction, with Credit Karma revenue up 15% and fast-money products helping lift ARPU; Intuit said TurboTax customers who also use Credit Karma generate roughly 30% higher ARPU.
• Intuit announced a 17% workforce reduction to simplify the organization, reduce layers, and improve speed and efficiency, with management saying most of the cost savings should flow to the bottom line and support margin expansion.

Intuit Stock Performance

Shares of INTU stock opened at $383.93 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The stock has a 50 day moving average price of $408.90 and a two-hundred day moving average price of $514.39. The company has a market capitalization of $106.18 billion, a P/E ratio of 24.87, a PEG ratio of 1.61 and a beta of 1.04.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were given a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.3%. Intuit’s payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INTU shares. Citigroup lowered their target price on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a research note on Thursday. BNP Paribas Exane upgraded Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price objective on the stock in a research note on Monday, March 16th. UBS Group lowered their price objective on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $634.26.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered stronger-than-expected fiscal Q3 results, with EPS of $12.80 and revenue of $8.56 billion, both slightly ahead of Wall Street estimates. The company also raised FY 2026 and Q4 guidance, signaling continued demand and healthy operating momentum. Article Title
• Positive Sentiment: Management said it will continue investing in AI and “big bets,” and the board approved an $8 billion buyback plus a 15% dividend increase, which supports shareholder returns and suggests confidence in cash flow. Article Title
• Neutral Sentiment: Broader tech trading was mixed, with market futures and Nasdaq sentiment pressured by Nvidia-related moves, which may be adding some macro noise around INTU’s post-earnings reaction. Article Title
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, in a restructuring tied to AI investment. Investors are reacting negatively to the execution risk, restructuring charges, and the signal that management sees a need to aggressively reset the cost base. Article Title
• Negative Sentiment: The company also trimmed TurboTax revenue guidance, raising concerns about slower growth in a key business line and fueling fears that AI disruption could pressure legacy tax-prep demand. Article Title

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently modified their holdings of the stock. Betterment LLC grew its stake in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after acquiring an additional 16 shares during the last quarter. One Capital Management LLC grew its stake in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after acquiring an additional 18 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Intuit by 1.0% in the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 18 shares during the last quarter. Sepio Capital LP grew its stake in shares of Intuit by 6.6% in the fourth quarter. Sepio Capital LP now owns 451 shares of the software maker’s stock worth $299,000 after acquiring an additional 28 shares during the last quarter. Finally, CYBER HORNET ETFs LLC grew its stake in shares of Intuit by 4.1% in the third quarter. CYBER HORNET ETFs LLC now owns 753 shares of the software maker’s stock worth $514,000 after acquiring an additional 30 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

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.