10-KPeriod: FY2026

INTUIT INC. Annual Report, Year Ended Jul 31, 2026

Filed September 9, 2026For Securities:INTU

Summary

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 billion, 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 $16.46. 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 billion, and a substantial liquidity position of $7.2 billion in cash, cash equivalents, and investments.

Key Highlights

  • 1Total net revenue increased by 14% to $21.4 billion in fiscal 2026.
  • 2Global Business Solutions revenue grew 16%, driven by strong performance in its Online Ecosystem.
  • 3Consumer segment revenue increased by 11%, with significant contributions from Credit Karma's personal finance verticals.
  • 4Operating income rose 20% to $5.9 billion, reflecting improved profitability.
  • 5Diluted net income per share increased 20% to $16.46.
  • 6Cash flow from operations saw a substantial increase of 42% to $8.8 billion.
  • 7The company continues to invest heavily in its AI-driven expert platform strategy, integrating AI across its product suite.

Frequently Asked Questions

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.

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.

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.

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.