Intuit (NASDAQ:INTU) Releases FY 2026 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 23.800-23.850 for the period, compared to the consensus estimate of 22.070. The company issued revenue guidance of $21.3 billion-$21.4 billion, compared to the consensus revenue estimate of $21.2 billion. Intuit also updated its Q4 2026 guidance to 3.560-3.620 EPS.

Intuit Stock Performance

Shares of Intuit stock opened at $307.07 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit has a twelve month low of $302.36 and a twelve month high of $813.70. The stock has a market cap of $84.92 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.54 and a beta of 1.04. The company’s fifty day moving average is $405.96 and its 200 day moving average is $511.86.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts forecast that Intuit will post 17.44 EPS for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Intuit’s dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTU. The Goldman Sachs Group cut their price target on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. KeyCorp cut their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday. Daiwa Securities Group cut their price target on shares of Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Guggenheim set a $633.00 price target on shares of Intuit in a research report on Monday, March 16th. Finally, Northcoast Research cut their price target on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $561.13.

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit beat fiscal Q3 expectations, with EPS of $12.80 and revenue of $8.56 billion, while also raising full-year revenue and profit guidance. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: The company highlighted AI-driven growth initiatives and announced a new $8 billion share repurchase program, alongside a higher dividend, signaling confidence in future cash flow. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Neutral Sentiment: Several analysts cut price targets after results, but many kept Buy/Outperform ratings, suggesting views on the stock remain mixed rather than uniformly negative. These Analysts Cut Their Forecasts On Intuit After Q3 Results
• Negative Sentiment: Intuit said it will cut about 17% of its global workforce, or roughly 3,000 jobs, as it restructures around AI and streamlines operations, which raised execution and transition-risk concerns. Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
• Negative Sentiment: Investors also reacted to weaker TurboTax trends and restructuring charges of $300 million to $340 million, which overshadowed the beat and pressured the shares. Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Hedge Funds Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its position in Intuit by 6.1% in the 4th quarter. Sunbelt Securities Inc. now owns 867 shares of the software maker’s stock valued at $574,000 after acquiring an additional 50 shares in the last quarter. Compound Planning Inc. lifted its position in Intuit by 22.9% in the 4th quarter. Compound Planning Inc. now owns 4,692 shares of the software maker’s stock valued at $3,108,000 after acquiring an additional 874 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in Intuit by 26.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 9,065 shares of the software maker’s stock valued at $6,005,000 after acquiring an additional 1,894 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in Intuit in the 4th quarter valued at about $33,000. Finally, Corient Private Wealth LLC lifted its position in Intuit by 47.8% in the 4th quarter. Corient Private Wealth LLC now owns 200,018 shares of the software maker’s stock valued at $132,496,000 after acquiring an additional 64,729 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

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.