Companies /Technology

Intuit Inc

NASDAQ: INTU Software - Application
$348.00
â–² $2.12 (+0.61%) today
Markets closed · 8:24pm ET

Q1 2026 Earnings

Reported Nov 20, 2025, 4:01pm ET · SEC source
$3.34
Beat +7.99%
EPS · est. $3.09
$3.9B
Beat +3.36%
Revenue · est. $3.8B
−3.0%
Trailing market
INTU vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%+4%+6%Nov 20Nov 21report 4:01pm ETearnings+1.2%+3.9%
0+2%+4%+6%Nov 20Nov 21earnings+1.2%+3.9%
INTU +3.9%S&P 500 +1.2%
0+2%+4%+6%Nov 20Nov 21report 4:01pm ETearnings+1.0%+3.8%
0+2%+4%+6%Nov 20Nov 21earnings+1.0%+3.8%
INTU +3.8%NASDAQ +1.0%
−3%0+3%Nov 19Nov 28report 4:01pm ETearnings+4.8%−3.5%
−3%0+3%Nov 19Nov 28earnings+4.8%−3.5%
INTU −3.5%S&P 500 +4.8%
−4%0+4%Nov 19Nov 28report 4:01pm ETearnings+6.0%−3.5%
−4%0+4%Nov 19Nov 28earnings+6.0%−3.5%
INTU −3.5%NASDAQ +6.0%
+4.03%
Day of report
−1.50%
Next session
−4.75%
One week
+1.76%
30 days

S&P 500 over the same 30 days: +4.76%.

Did INTU Beat Earnings? Q1 2026 Results

Intuit kicked off fiscal 2026 with a standout quarter, posting non-GAAP EPS of $3.34 against a consensus estimate of $3.09, a beat of roughly 7.99%, while revenue climbed 18.3% year-over-year to $3.88 billion, clearing the $3.76 billion estimate by 3.36%. The engine behind the results was the Global Business Solutions segment, where QuickBooks Online Accounting revenue surged 25% on higher effective prices, customer growth, and favorable mix-shift, lifting Online Ecosystem revenue to $2.40 billion. Credit Karma delivered its own breakout performance, jumping 27% to $651 million on strength in personal loans, credit cards, and auto insurance. <a href="https://247wallst.com/investing/2025/11/20/live-intuit-q1-earnings-coverage/">Following the results closely</a>, analysts at multiple firms maintained bullish ratings, pointing to the company's AI-driven platform strategy as a durable competitive edge. Management reiterated full-year fiscal 2026 guidance, projecting revenue of $21.00 billion to $21.19 billion and non-GAAP EPS of $22.98 to $23.18, representing 12-13% and 14-15% growth, respectively.

Key Takeaways
  • QuickBooks Online Accounting revenue grew 25% driven by higher effective prices, customer growth, and mix-shift
  • Online Services revenue grew 17% driven by growth in money and payroll offerings
  • Credit Karma revenue grew 27% driven by strength in personal loans, credit cards, and auto insurance
  • Global Business Solutions Online Ecosystem revenue grew 21%
  • Consumer revenue grew 21%

“We delivered an exceptional first quarter as we continue to execute on our AI-driven expert platform strategy. Intuit is creating a system of intelligence, leveraging data, data services, AI, and human intelligence to fuel the success of consumers, small and mid-market businesses, and accountants.”

Intuit CEO, on the earnings call

Forward Guidance & Outlook

Intuit reiterated full fiscal year 2026 guidance: revenue of $20.997 billion to $21.186 billion (12-13% growth); GAAP operating income of $5.782 billion to $5.859 billion (17-19% growth); non-GAAP operating income of $8.611 billion to $8.688 billion (14-15% growth); GAAP diluted EPS of $15.49 to $15.69 (13-15% growth); non-GAAP diluted EPS of $22.98 to $23.18 (14-15% growth). Segment guidance: Global Business Solutions growth of 14-15% (excluding Mailchimp, 15.5-16.5%); Consumer growth of 8-9% (TurboTax 8%, Credit Karma 10-13%, ProTax 2-3%). For Q2 FY2026 (ending January 31, 2026): revenue growth of approximately 14-15%; GAAP diluted EPS of $1.76 to $1.81; non-GAAP diluted EPS of $3.63 to $3.68.

INTU YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$3.3B$3.9BRevenue$2.5B$3.0BGross Profit$271.0M$534.0MOperating Income$197.0M$446.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

INTU Revenue by Segment

Global Business Solutions$3.0B+18.0%
Online Ecosystem$2.4B+21.0%
Consumer
TurboTax$198.0M+6.0%
Credit Karma$651.0M+27.0%
ProTax$45.0M+15.0%

Figures from SEC filings and company reports. Not investment advice.