Intuit (NASDAQ:INTU) Releases Quarterly Earnings Results, Beats Estimates By $0.50 EPS

Intuit (NASDAQ:INTU) posted its quarterly earnings results on Thursday. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.50, FiscalAI reports. The business 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%. Intuit’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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 Stock Performance

NASDAQ:INTU traded up $13.19 during midday trading on Thursday, reaching $394.42. The stock had a trading volume of 9,717,382 shares, compared to its average volume of 4,737,902. Intuit has a 1-year low of $349.00 and a 1-year high of $813.70. The firm’s fifty day simple moving average is $536.83 and its 200-day simple moving average is $621.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $109.76 billion, a P/E ratio of 26.96, a PEG ratio of 1.56 and a beta of 1.24.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 388,464 shares of company stock worth $255,514,393 in the last 90 days. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit in the 4th quarter valued at $33,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit in the 3rd quarter worth about $33,000. Greenline Wealth Management LLC bought a new stake in Intuit during the fourth quarter worth about $45,000. Finally, Rakuten Securities Inc. increased its holdings in Intuit by 362.5% during the 2nd quarter. Rakuten Securities Inc. now owns 74 shares of the software maker’s stock valued at $58,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit News Summary

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

Several brokerages have recently issued reports on INTU. Oppenheimer reduced their price target on Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. BNP Paribas Exane decreased their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research report on Monday. BMO Capital Markets dropped their price target on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research note on Tuesday. Twenty-two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $726.18.

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.