What were the main drivers of Intuit's revenue growth in the reported period?

Revenue growth was primarily driven by strong performance across both segments. The Global Business Solutions segment benefited from growth in its Online Ecosystem, including QuickBooks Online Accounting and Online Services like payments and payroll. The Consumer segment saw increased revenue from Credit Karma verticals (personal loans, credit cards, insurance) and strength in TurboTax, particularly in assisted tax services and consumer money offerings.

How is Intuit leveraging Artificial Intelligence (AI) and what is its impact?

Intuit is strategically investing in its AI-driven expert platform, focusing on delivering 'done-for-you' experiences through AI agents and AI-enabled human experts. This strategy aims to automate tasks, provide actionable insights, and manage end-to-end workflows to drive better money outcomes for customers. The company is also developing its proprietary Generative AI Operating System (GenOS) to accelerate innovation and deliver intelligent financial solutions.

What is Intuit's approach to capital allocation and shareholder returns?

Intuit is committed to returning excess cash to shareholders. During the first six months of fiscal 2026, the company repurchased $1.8 billion of its common stock and paid $684 million in dividends. The company has substantial remaining authorization for future stock repurchases and continues to pay regular quarterly dividends, subject to Board of Directors' approval.

How does seasonality impact Intuit's financial performance?

Intuit's Consumer segment, particularly its TurboTax and ProTax offerings, experiences significant seasonality, with revenues heavily concentrated between November and April due to the income tax preparation cycle. This pattern leads to higher revenues in the second and third fiscal quarters and is expected to continue impacting quarterly financial results.

INTU 10-Q Quarterly Report Q2 FY2026 — Revenue, Net Income, EPS

Summary

Intuit Inc. reported strong financial results for the second quarter and first six months of fiscal year 2026, demonstrating robust revenue growth and significant improvements in profitability. Total net revenue for the quarter increased by 17% year-over-year to $4.65 billion, driven by strong performance in both the Global Business Solutions and Consumer segments. For the six-month period, total net revenue rose by 18% to $8.54 billion. Net income saw substantial year-over-year growth, up 47% for the quarter to $693 million and 71% for the year-to-date period to $1.14 billion. Diluted earnings per share also showed impressive gains, increasing by 49% for the quarter to $2.48 and 72% for the year-to-date period to $4.06. The company's strategic focus on its AI-driven expert platform appears to be yielding positive results, with continued innovation and a strong emphasis on delivering 'done-for-you' experiences for both consumers and businesses. The growth in revenue across both key segments highlights the breadth of Intuit's offerings and its ability to serve diverse customer needs. Investors should note the company's continued investment in AI and its commitment to expanding its platform capabilities, which are key drivers for future growth.

Financial Highlights

50 data points

Beta

Revenue

$4.65B

Net Income

$693.00M

0.1% Net Margin

EPS (Diluted)

$2.48

Total Assets

$34.28B

Cash & Equivalents

$2.94B

Free Cash Flow

$1.52B

Financial Statements

Beta

Revenue	$4.65B
R&D Expenses	$836.00M
Operating Expenses	$3.80B
Operating Income	$855.00M
Interest Expense	$58.00M
Net Income	$693.00M
EPS (Basic)	$2.49
EPS (Diluted)	$2.48
Shares Outstanding (Basic)	278.00M
Shares Outstanding (Diluted)	280.00M

Key Highlights

1Total net revenue increased by 17% to $4.65 billion for the second quarter of fiscal 2026, and by 18% to $8.54 billion for the first six months.
2Net income grew significantly, up 47% to $693 million for the quarter and 71% to $1.14 billion year-to-date.
3Diluted earnings per share (EPS) surged by 49% to $2.48 for the quarter and 72% to $4.06 year-to-date, indicating strong profitability.
4Both the Global Business Solutions segment (up 18% revenue) and the Consumer segment (up 15% revenue for the quarter, 17% year-to-date) demonstrated robust growth, reflecting diversified revenue streams.
5The company continues to invest in its AI-driven expert platform strategy, which is a key focus for innovation and future growth.
6Intuit actively returned capital to shareholders through $1.8 billion in stock repurchases and $684 million in dividends during the first six months of fiscal 2026.
7The company maintained a strong liquidity position with $3.0 billion in cash, cash equivalents, and investments as of January 31, 2026.

INTUIT INC. Quarterly Report for Q2 Ended Jan 31, 2026

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions