Intuit (NASDAQ:INTU) Issues 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, beating the consensus estimate of $3.68 by $0.47, FiscalAI reports. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.32 earnings per share. 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 Price Performance

INTU opened at $394.42 on Friday. Intuit has a 1 year low of $349.00 and a 1 year high of $813.70. The company’s 50 day simple moving average is $531.35 and its 200 day simple moving average is $620.12. The stock has a market capitalization of $109.76 billion, a PE ratio of 26.96, a P/E/G ratio of 1.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beats — Intuit reported fiscal Q2 results that beat consensus on both EPS and revenue, showing solid revenue growth and margin expansion. Zacks: Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Strong FY EPS guidance — Intuit raised FY2026 EPS guidance (22.98–23.18), above consensus, signaling confidence in longer‑term earnings power even as revenue guidance was roughly in line. Company Press Release
• Positive Sentiment: Anthropic partnership — Intuit announced a multi‑year deal with Anthropic to bring customizable AI agents into its platform, reinforcing its product roadmap for AI-enabled offerings and helping allay fears that AI will commoditize its core businesses. The Information: Intuit Partners With Anthropic
• Neutral Sentiment: Market narrative and analyst views — Thought pieces argue Intuit sits among AI‑resilient software winners, but analysts remain mixed; some price‑target cuts and cautious reports leave near‑term sentiment fragile. MarketBeat: AI Separating Winners From Losers
• Negative Sentiment: Softer Q3 outlook and higher tax‑season marketing spend — Management warned of increased marketing costs during peak tax season and issued a Q3 guide that disappointed some investors, which was the main catalyst for the post‑earnings pullback. Proactive Investors: Soft Guidance Disappoints
• Negative Sentiment: Short interest and analyst pressure — Short interest rose meaningfully in February and several outlets published more pessimistic forecasts or lowered targets, adding selling pressure and raising the potential for continued volatility. American Banking News: Pessimistic Forecasts
• Positive Sentiment: Dividend and capital returns — The board approved a cash dividend, signaling confidence in cash flow and supporting shareholder returns amid the shakeout. TipRanks: Board Declares Cash Dividend

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. The Goldman Sachs Group started coverage on Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. Susquehanna dropped their price objective on Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research report on Tuesday. TD Cowen reduced their target price on shares of Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Finally, KeyCorp decreased their price target on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Twenty-two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $726.18.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the transaction, the director directly owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

Hedge funds have recently made changes to their positions in the business. Nicholas Hoffman & Company LLC. acquired a new stake in shares of Intuit during the first quarter valued at about $785,564,000. CIBC Private Wealth Group LLC raised its position in shares of Intuit by 811.7% in 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 purchasing an additional 407,375 shares in the last quarter. FIL Ltd boosted its stake 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 buying an additional 392,848 shares during the last quarter. Viking Global Investors LP acquired a new stake in shares of Intuit during the third quarter worth approximately $180,381,000. Finally, AQR Capital Management LLC increased its stake in shares of Intuit by 88.2% in the third quarter. AQR Capital Management LLC now owns 561,583 shares of the software maker’s stock worth $383,511,000 after buying an additional 263,198 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

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.