Intuit Inc. ( (INTU) ) has released its Q1 earnings. Here is a breakdown of the information Intuit Inc. presented to its investors.
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Intuit Inc., a leading global financial technology company, provides innovative solutions through products like TurboTax, Credit Karma, QuickBooks, and Mailchimp, serving consumers, small businesses, and accountants worldwide.
In its latest earnings report for the first quarter of fiscal 2026, Intuit Inc. announced a robust financial performance, with significant growth across its business segments, driven by its AI-driven expert platform strategy. The company reported an 18% increase in total revenue, reaching $3.9 billion, and reiterated its full-year guidance, reflecting confidence in sustained growth.
Key financial highlights include a 21% growth in both Global Business Solutions Online Ecosystem and Consumer revenues. The company’s GAAP operating income surged by 97% to $534 million, while non-GAAP operating income rose by 32% to $1.3 billion. Additionally, GAAP diluted earnings per share increased by 127% to $1.59, with non-GAAP diluted earnings per share growing 34% to $3.34.
Intuit’s strategic focus on AI and data-driven innovations has propelled its QuickBooks Online Accounting and Credit Karma revenues, which grew by 25% and 27%, respectively. The company also reported a strong cash and investments balance of $3.7 billion and continued its shareholder return initiatives with significant stock repurchases and a 15% increase in quarterly dividends.
Looking ahead, Intuit remains optimistic about its growth trajectory, expecting double-digit revenue growth and margin expansion for fiscal 2026. The company anticipates revenue between $20.997 billion and $21.186 billion, with continued growth in its key business segments, underscoring its commitment to leveraging technology to drive prosperity for its customers.