01—Abstract
Summary
Summary of the 10-K filed September 9, 2026. Cited figures are marked; the original filing is the authoritative source.
Intuit Inc. (INTU) has reported a strong fiscal year 2026, demonstrating robust growth across its key business segments.
The company's AI-driven expert platform strategy continues to be a central theme, enhancing customer experiences and driving efficiency. Revenue saw a significant increase of 14%, reaching $21.4 billiona, with both Global Business Solutions and the Consumer segment showing healthy year-over-year growth. The Global Business Solutions segment, representing 60% of total revenue, grew by 16% driven by its Online Ecosystem, particularly QuickBooks Online Accounting and online money and payroll offerings.
The Consumer segment, accounting for 40% of revenue, grew by 11%, boosted by Credit Karma's personal finance verticals and consumer money offerings, despite a slight dip in TurboTax federal units. Profitability also saw considerable improvement, with operating income up 20% and net income rising 18%. Diluted earnings per share increased by 20% to $16.46b.
The company's strategic focus on AI and its comprehensive financial platform, encompassing tax, accounting, credit, and money management solutions, positions it well for continued innovation and market leadership. Intuit's financial health is further supported by a strong cash flow from operations, which increased by 42% to $8.8 billionc, and a substantial liquidity position of $7.2 billion in cash, cash equivalents, and investments.
02—Key points
Key Highlights
- Total net revenue increased by 14% to $21.4 billion in fiscal 2026.
- Global Business Solutions revenue grew 16%, driven by strong performance in its Online Ecosystem.
- Consumer segment revenue increased by 11%, with significant contributions from Credit Karma's personal finance verticals.
- Operating income rose 20% to $5.9 billion, reflecting improved profitability.
- Diluted net income per share increased 20% to $16.46.
- Cash flow from operations saw a substantial increase of 42% to $8.8 billion.
- The company continues to invest heavily in its AI-driven expert platform strategy, integrating AI across its product suite.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2026filed September 9, 2026Financial Statements
FY2026 against FY2025
| Line item | FY2026FY2025 | Change |
|---|---|---|
| Revenue | $21.45B$18.83B | +13.9% |
| R&D Expenses | $3.38B$2.93B | +15.3% |
| Operating Expenses | $15.56B$13.91B | +11.9% |
| Operating Income | $5.88B$4.92B | +19.5% |
| Interest Expense | $256.00M$247.00M | +3.6% |
| Net Income | $4.57B$3.87B | +18.0% |
| EPS (Basic) | $16.53$13.82 | +19.6% |
| EPS (Diluted) | $16.46$13.67 | +20.4% |
| Shares Outstanding (Basic) | 276.00M280.00M | −1.4% |
| Shares Outstanding (Diluted) | 277.00M283.00M | −2.1% |
05—Questions
Frequently Asked Questions
What are Intuit's main business segments, and how did they perform in fiscal year 2026?
Intuit operates under two main reportable segments: Global Business Solutions and Consumer. In fiscal year 2026, Global Business Solutions revenue grew 16% to $12.9 billion, driven by its Online Ecosystem. The Consumer segment revenue increased by 11% to $8.6 billion, boosted by Credit Karma and money offerings.
How is Intuit leveraging Artificial Intelligence (AI) in its business strategy?
Intuit's core strategy is centered around becoming an AI-driven expert platform. The company is integrating AI across its products and services to automate tasks, provide predictive insights, deliver 'done-for-you' experiences, and connect customers with AI-enabled human experts for complex decisions. This AI integration is seen as a key competitive advantage and a driver for future innovation and customer value.
What is the company's financial performance in terms of revenue and profitability for fiscal year 2026?
For fiscal year 2026, Intuit reported total net revenue of $21.4 billion, a 14% increase from fiscal year 2025. Operating income grew by 20% to $5.9 billion, and net income increased by 18% to $4.6 billion. Diluted net income per share rose 20% to $16.46.
What is Intuit's liquidity and cash flow situation as of the end of fiscal year 2026?
Intuit maintained a strong liquidity position, with $7.2 billion in cash, cash equivalents, and investments as of July 31, 2026. Cash flow from operations significantly increased by 42% to $8.8 billion in fiscal year 2026, indicating robust operational cash generation.
06—Continue