Intuit (NASDAQ:INTU) Issues Quarterly Earnings Results

Intuit (NASDAQ:INTU) announced its quarterly earnings results on Thursday. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47, FiscalAI reports. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the firm earned $3.32 EPS. The company’s revenue was up 17.4% on a year-over-year basis. Intuit updated its Q3 2026 guidance to 12.450-12.510 EPS and its FY 2026 guidance to 22.980-23.180 EPS.

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

• Intuit posted a strong Q2 with $4.7B revenue (+17%), GAAP EPS $2.48 and non‑GAAP EPS $4.15, and the company reaffirmed full‑year FY26 guidance of roughly $21B revenue (12%–13% growth) and EPS targets.
• Adoption of Intuit’s AI+human‑intelligence platform is accelerating — over 3 million customers used AI agents, accounting agents categorized 237M transactions in January, and QuickBooks Live growth exceeded 50%, supporting ARPC and margin expansion.
• Mid‑market momentum is strong: online ecosystem revenue for QBO Advanced + Intuit Enterprise Suite rose ~40%, new IES contracts grew ~50% QoQ, Intuit expanded its direct sales force ~30%, and it launched industry editions plus a multiyear partnership with Anthropic.
• Money‑centered features are fueling growth — total online payments volume (including bill pay) grew 29%, bill pay nearly doubled, TurboTax revenue rose 12% despite weaker IRS filings timing, and Credit Karma revenue grew 23% aided by year‑round agent features and ~600 local service centers.
• Near‑term headwinds remain: Mailchimp revenue was down and management now expects Mailchimp to return to double‑digit growth only beyond FY26, desktop revenue is slowing to low single‑digit growth for FY26, and Q3 margins are guided lower due to timing and shifted spend despite confidence in full‑year margin expansion.

Intuit Stock Up 3.5%

Shares of NASDAQ:INTU opened at $394.42 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $531.35 and a two-hundred day simple moving average of $620.12. Intuit has a 12-month low of $349.00 and a 12-month high of $813.70. The stock has a market capitalization of $109.76 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.56 and a beta of 1.24.

Analyst Ratings Changes

A number of research analysts recently issued reports on INTU shares. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. UBS Group set a $739.00 price objective on Intuit in a research report on Tuesday, January 6th. Truist Financial assumed coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price for the company. Mizuho set a $675.00 price target on shares of Intuit in a report on Thursday, February 19th. Finally, Wolfe Research reduced their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Twenty-two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $723.54.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. This trade represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. Nicholas Hoffman & Company LLC. bought a new stake in Intuit in the 1st quarter worth about $785,564,000. CIBC Private Wealth Group LLC lifted its stake in Intuit by 811.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 457,562 shares of the software maker’s stock valued at $303,098,000 after acquiring an additional 407,375 shares during the period. FIL Ltd boosted its holdings in shares of Intuit by 53.6% during the 4th quarter. FIL Ltd now owns 1,125,878 shares of the software maker’s stock valued at $745,804,000 after acquiring an additional 392,848 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of Intuit in the third quarter worth approximately $180,381,000. Finally, AQR Capital Management LLC raised its holdings in shares of Intuit by 88.2% during the third quarter. AQR Capital Management LLC now owns 561,583 shares of the software maker’s stock valued at $383,511,000 after purchasing an additional 263,198 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit reported $4.15 EPS and $4.65B revenue (both above consensus), with revenue up ~17% year‑over‑year; the quarter shows continued growth and margin strength. MarketBeat: Q2 results
• Positive Sentiment: AI partnership & CEO messaging — Management emphasized Anthropic and other AI collaborations as strategic tailwinds and said domain‑specific AI will augment Intuit’s products rather than displace them, which supports the company’s long‑term narrative. Yahoo: Anthropic deal & valuation
• Positive Sentiment: Board dividend — The board declared a cash dividend, signaling confidence in cash flow and returning capital to shareholders. TipRanks: Dividend announcement
• Neutral Sentiment: Market framing — Some analysts and research pieces argue Intuit is a long‑term AI “winner” with strong switching costs (alleviating some fear around AI disruption), but sentiment remains mixed across the sell side. MarketBeat/Altimetry: software winners vs losers
• Negative Sentiment: Soft Q3 guidance — Management set FQ3 EPS guidance below Street expectations (Q3 EPS range ~12.45–12.51 vs higher consensus) and warned of higher marketing spend for the U.S. tax season, which directly pressured the stock despite the quarterly beat. Seeking Alpha: Guidance reaction
• Negative Sentiment: After‑hours pullback and headlines — Multiple outlets report the shares slid after hours and into the next session as investors reacted to the weaker outlook and marketing cost commentary. Blockonomi: stock tumbles on guidance
• Negative Sentiment: Rising short interest & analyst caution — Short interest ticked up (~40% increase month‑over‑month) and some firms have trimmed targets or expressed caution, adding pressure to near‑term sentiment. Barchart: short interest & performance
• Negative Sentiment: Regulatory risk — A proposed bill to revive IRS Direct File (led by Sen. Warren) highlights long‑term regulatory risk to commercial tax‑prep revenues; this is a political/regulatory overhang to monitor. Benzinga: Direct File bill

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.