01—Abstract
Summary
Summary of the 10-Q filed November 20, 2025. Cited figures are marked; the original filing is the authoritative source.
Intuit Inc. (INTU) reported strong financial results for the first quarter of fiscal year 2026, with total net revenue increasing by 18% year-over-year to $3.89 billiona.
This growth was driven by robust performance in both the Global Business Solutions and Consumer segments, which each saw revenue increases of 18% and 21%, respectively. Net income surged by 126% to $446 millionb, and diluted earnings per share more than doubled to $1.59, up 127% from the prior year's quarter. The company highlighted significant operating income growth of 97%, demonstrating improved profitability and operational efficiency.
Key drivers for this performance include strong revenue contributions from QuickBooks Online, other online services, and Credit Karma's personal loan, credit card, and auto insurance verticals. Intuit continues to leverage its AI-driven expert platform strategy, emphasizing 'done-for-you' experiences and accelerated money benefits for its customers. The company also maintained a strong liquidity position with $3.7 billionc in cash, cash equivalents, and investments at quarter-end and continued its commitment to returning capital to shareholders through dividends and share repurchases, with $4.4 billion remaining authorization for stock buybacks.
02—Key points
Key Highlights
- Total net revenue grew 18% to $3.89 billion, exceeding the previous year's first quarter.
- Net income dramatically increased by 126% to $446 million.
- Diluted earnings per share saw substantial growth, rising 127% to $1.59.
- Operating income more than doubled, up 97% to $534 million, indicating strong profitability improvements.
- Both the Global Business Solutions segment (up 18%) and the Consumer segment (up 21%) delivered strong revenue growth.
- The company continues to return capital to shareholders, with $4.4 billion authorized for stock repurchases and a consistent quarterly dividend payout.
- Intuit's strategic focus on an AI-driven expert platform is contributing to revenue growth and enhanced customer value.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2026filed November 20, 2025Financial Statements
Q1 FY2026 against Q1 FY2025
| Line item | Q1 FY2026Q1 FY2025 | Change |
|---|---|---|
| Revenue | $3.88B$3.28B | +18.3% |
| R&D Expenses | $843.00M$704.00M | +19.7% |
| Operating Expenses | $3.35B$3.01B | +11.3% |
| Operating Income | $534.00M$271.00M | +97.0% |
| Interest Expense | $58.00M$60.00M | −3.3% |
| Net Income | $446.00M$197.00M | +126.4% |
| EPS (Basic) | $1.60$0.70 | +128.6% |
| EPS (Diluted) | $1.59$0.70 | +127.1% |
| Shares Outstanding (Basic) | 279.00M280.00M | −0.4% |
| Shares Outstanding (Diluted) | 281.00M283.00M | −0.7% |
05—Questions
Frequently Asked Questions
What were the primary drivers of Intuit's revenue growth in Q1 FY2026?
Revenue growth was driven by strong performance in both segments. The Global Business Solutions segment saw growth from QuickBooks Online and other online services, while the Consumer segment benefited from Credit Karma's personal loan, credit card, and auto insurance verticals. Overall revenue increased by 18% to $3.89 billion.
How did Intuit's profitability change in the first quarter of fiscal year 2026?
Profitability significantly improved. Net income increased by 126% to $446 million, and diluted earnings per share rose by 127% to $1.59. Operating income grew by 97% to $534 million, reflecting enhanced operational efficiency and revenue leverage.
What is Intuit's strategy regarding capital allocation and shareholder returns?
Intuit demonstrated a strong commitment to returning capital to shareholders. The company has a significant remaining authorization of $4.4 billion for stock repurchases and continued to pay a consistent quarterly dividend. This reflects confidence in the company's cash generation and future prospects.
How is Intuit leveraging Artificial Intelligence in its business strategy?
Intuit is emphasizing its AI-driven expert platform strategy, focusing on 'done-for-you' experiences and accelerated money benefits for customers. This strategy aims to automate tasks, provide actionable insights, and manage end-to-end workflows, leveraging AI agents and AI-enabled human experts to enhance customer value and drive growth.
06—Continue