Intuit (INTU) quarter Q4 Financial Results Summary
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Intuit Inc. (INTU) Q4 2026: Consistent Growth Across Segments — Positive Outlook
Intuit Inc. (Nasdaq: INTU) reported its fourth-quarter results for fiscal 2026, showcasing a solid performance with total revenue increasing by $0.5 billion or +14% year-over-year (YoY) to reach $4.4 billion. This consistent growth reflects the company's strategic focus on its key business segments, particularly its "Big Bets," which collectively grew by 34% and accounted for 30% of total revenue for the fiscal year.
Key Financial Metrics
- Fourth Quarter Revenue: $4.4 billion, up $0.5 billion or +14% YoY
- Full Year Revenue: $21.4 billion, up $2.6 billion or +14% YoY
- GAAP Operating Income: $475 million, up 40% YoY
- GAAP Earnings Per Share (EPS): $1.34, down from $1.35 YoY
- Non-GAAP EPS: $24.27, up 20% YoY
Analyst View
This quarter is a positive outcome for shareholders, as Intuit not only met but exceeded expectations with its revenue growth. The consistent 14% growth in both the fourth quarter and full fiscal year indicates a robust demand for Intuit's products, particularly in its Global Business Solutions and Online Ecosystem segments. The company's ability to maintain strong operating income growth at 40% YoY further reinforces its operational efficiency and profitability.
Segment Performance
- Global Business Solutions Revenue: Increased 14% to $3.4 billion
- Online Ecosystem Revenue: Increased 17% to $2.6 billion
- Consumer Revenue: Increased 14% to $930 million
- TurboTax revenue increased 3% to $153 million
- Credit Karma revenue increased 16% to $743 million
The growth in the Global Business Solutions segment, which includes QuickBooks, is particularly noteworthy, as it reflects the increasing adoption of cloud-based solutions among businesses. The Online Ecosystem's performance, driven by strong customer engagement, also highlights Intuit's successful strategy in expanding its digital offerings.
Capital Allocation and Shareholder Returns
Intuit has demonstrated a strong commitment to returning capital to shareholders:
- Share Repurchases: $5.5 billion in stock repurchased during fiscal 2026, a 96% increase from the previous year, resulting in a 2% reduction in diluted shares outstanding.
- Dividend: A quarterly dividend of $1.38 per share was approved, representing a 15% increase from the prior year.
These actions not only enhance shareholder value but also signal management's confidence in the company's future growth prospects.
Guidance for Fiscal 2027
Looking ahead, Intuit has provided guidance for fiscal 2027, projecting total revenue between $23.279 billion and $23.512 billion, which represents a growth rate of 9% to 10%. The company expects to continue its momentum in key segments:
- Global Business Solutions: Revenue guidance of $13.068 billion to $13.158 billion, a growth of 13% to 14%.
- TurboTax: Revenue guidance of $5.377 billion to $5.453 billion, a growth of 2% to 3%.
- Credit Karma: Revenue guidance of $2.919 billion to $2.973 billion, a growth of 11% to 13%.
Forward Catalyst
Investors should keep an eye on the upcoming Investor Day scheduled for September 17, 2026, where management will discuss strategic initiatives and growth plans in detail. Additionally, the first quarter of fiscal 2027 will be crucial as it will provide insights into how well Intuit can sustain its growth trajectory in a potentially challenging economic environment.
In conclusion, Intuit's fourth-quarter results reflect a strong operational performance and a clear path for future growth, making it a favorable investment for shareholders looking for stability and growth in the financial technology sector.
Here are the extracted tables from the press release provided:
GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Note: All amounts in the following tables are in thousands.
| Three Months Ended | Twelve Months Ended | |||
|---|---|---|---|---|
| July 31, 2026 | July 31, 2025 | July 31, 2026 | July 31, 2025 | |
| Net revenue | $3,783,000 | $3,291,000 | $18,911,000 | $16,400,000 |
| Costs and expenses | ||||
| Cost of revenue | ||||
| Cost of services revenue | $894,000 | $834,000 | $4,016,000 | $3,624,000 |
| Cost of product and other revenue | $16,000 | $16,000 | $63,000 | $68,000 |
| Amortization of acquired technology | $43,000 | $44,000 | $174,000 | $156,000 |
| Selling and marketing | $1,264,000 | $1,251,000 | $5,534,000 | $5,035,000 |
| Research and development | $857,000 | $801,000 | $3,376,000 | $2,928,000 |
| General and administrative | $391,000 | $424,000 | $1,623,000 | $1,601,000 |
| Amortization of other acquired intangible assets | $121,000 | $121,000 | $485,000 | $481,000 |
| Restructuring | $293,000 | $1,000 | $293,000 | $15,000 |
| Total costs and expenses | $3,879,000 | $3,492,000 | $15,564,000 | $13,908,000 |
| Operating income | $475,000 | $339,000 | $5,884,000 | $4,923,000 |
| Interest expense | -$70,000 | -$59,000 | -$256,000 | -$247,000 |
| Interest and other income | $135,000 | $86,000 | $389,000 | $158,000 |
| Income before income taxes | $540,000 | $366,000 | $6,017,000 | $4,834,000 |
| Income tax provision | $177,000 | -$15,000 | $1,451,000 | $965,000 |
| Net income | $363,000 | $381,000 | $4,566,000 | $3,869,000 |
| Basic net income per share | $1.34 | $1.36 | $16.53 | $13.82 |
| Shares used in basic per share calculation | 272,000 | 279,000 | 276,000 | 280,000 |
| Diluted net income per share | $1.34 | $1.35 | $16.46 | $13.67 |
| Shares used in diluted per share calculation | 272,000 | 282,000 | 277,000 | 283,000 |
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
Note: All amounts in the following tables are in millions.
| July 31, 2026 | July 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $4,705 | $2,884 |
| Investments | $2,495 | $1,668 |
| Accounts receivable, net | $625 | $530 |
| Notes receivable held for investment | $1,468 | $1,403 |
| Notes receivable held for sale | $179 | $— |
| Income taxes receivable | $124 | $50 |
| Prepaid expenses and other current assets | $677 | $496 |
| Current assets before funds receivable | $10,273 | $7,031 |
| Funds receivable and amounts held for customers | $5,038 | $7,076 |
| Total current assets | $15,311 | $14,107 |
| Long-term investments | $248 | $94 |
| Property and equipment, net | $1,023 | $961 |
| Operating lease right-of-use assets | $609 | $541 |
| Goodwill | $13,981 | $13,980 |
| Acquired intangible assets, net | $4,642 | $5,302 |
| Long-term deferred income tax assets | $172 | $1,222 |
| Other assets | $800 | $751 |
| Total assets | $36,786 | $36,958 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Short-term debt | $1,249 | $— |
| Accounts payable | $873 | $792 |
| Accrued compensation and related liabilities | $1,068 | $858 |
| Deferred revenue | $1,072 | $1,019 |
| Other current liabilities | $863 | $625 |
| Current liabilities before funds payable | $5,125 | $3,294 |
| Funds payable and amounts due to customers | $5,038 | $7,076 |
| Total current liabilities | $10,163 | $10,370 |
| Long-term debt | $6,420 | $5,973 |
| Long-term deferred income tax liabilities | $239 | $20 |
| Operating lease liabilities | $667 | $597 |
| Other long-term obligations | $305 | $288 |
| Total liabilities | $17,794 | $17,248 |
| Stockholders’ equity | $18,992 | $19,710 |
| Total liabilities and stockholders’ equity | $36,786 | $36,958 |
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