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Intuit (INTU)
NASDAQ:INTU
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
12.57Last Year’s EPS
11.65Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong execution and momentum across Intuit's core growth vectors (AI+HI, mid-market, payments, and consumer tax), backed by robust revenue growth (Q2 +17%), margin expansion and clear product adoption signals (AI agents, QuickBooks Live, payments). Management reiterated confident full-year guidance and announced aggressive capital returns. Key near-term challenges include Mailchimp underperformance, timing-related margin cadence into Q3, and market concerns about third-party LLM partnerships; however, management addressed controls and emphasized the strength of proprietary data and human-intelligence integration. Overall, the positives substantially outweigh the negatives.Company Guidance
Strong Top-Line Growth
Total Q2 revenue of $4.7 billion, up 17% year-over-year; first-half revenue growth of 18%, demonstrating sustained momentum across the business.
Improved Profitability and EPS
GAAP operating income of $855 million versus $593 million a year ago; non-GAAP operating income of $1.5 billion versus $1.3 billion; GAAP diluted EPS of $2.48 versus $1.67; non-GAAP diluted EPS of $4.15 versus $3.32.
Online Ecosystem and Mid-Market Traction
Online ecosystem revenue grew ~21% in Q2 (25% excluding Mailchimp); QBO Advanced and Intuit Enterprise Suite online ecosystem revenue increased approximately 40%, highlighting accelerating mid-market adoption.
AI & HI Adoption and Productivity Gains
Over 3 million customers have used AI agents with >85% repeat engagement; accounting agents categorized 237 million transactions in January (over half of all transactions categorized that month); accounting agent saves ~12 hours/month and finance agents save ~17–18 hours/week for customers.
Payments and Cash-Flow Momentum
Total online payments volume (payments + bill pay) grew 29% in Q2; bill pay volume nearly doubled; payments volume excluding bill pay grew 17% (with a 1-point impact from winter storms).
QuickBooks Live and QuickBooks Online Strength
QuickBooks Live customer growth >50% in Q2; QuickBooks Online accounting revenue grew 24% year-over-year driven by higher effective prices, customer growth and mix shift.
Consumer Platform & Tax Performance
TurboTax revenue grew 12% in Q2 despite IRS returns being down >5 points through Feb 6; Credit Karma revenue grew 23%; ProTax revenue grew 7% in Q2. New AI tax agents delivering material customer value (e.g., cost-basis agent lowers taxable income by average ~$12,000 for users).
Go-to-Market and Partnerships Momentum
New Intuit Enterprise Suite (IES) contracts grew nearly 50% quarter-over-quarter; accountant-influenced new contracts were ~1/3 of new deals in Q2 (10 points higher than Q1). Strategic partnerships announced including a multiyear deal with Anthropic and apps in OpenAI's App Directory.
Capital Allocation and Financial Position
Repurchased $961 million of stock in Q2; Board increased quarterly dividend 15% to $1.20 per share; ended the quarter with approximately $3.0 billion in cash and investments and $6.2 billion of debt; company reaffirmed FY26 guidance: revenue $20.997B–$21.186B (growth 12%–13%) and EPS guidance (GAAP and non-GAAP) implying mid-teens EPS growth.
INTU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INTU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $394.42 | $409.03 | +3.70% |
Nov 20, 2025 | $636.27 | $661.93 | +4.03% |
Aug 21, 2025 | $695.21 | $660.24 | -5.03% |
May 22, 2025 | $662.74 | $716.52 | +8.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Intuit (INTU) report earnings?
Intuit (INTU) is schdueled to report earning on May 21, 2026, After Close (Confirmed).
What is Intuit (INTU) earnings time?
Intuit (INTU) earnings time is at May 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INTU EPS forecast?
INTU EPS forecast for the fiscal quarter 2026 (Q3) is 12.57.
