Summary
Intuit Inc. (INTU) reported strong financial results for the third quarter and the first nine months of fiscal year 2026. Total net revenue increased by 10% year-over-year for the quarter and 14% year-to-date, driven by robust growth in both the Global Business Solutions and Consumer segments. This revenue growth translated into significant improvements in profitability, with operating income up 8% for the quarter and 18% year-to-date, and net income rising 9% and 20% respectively. Diluted earnings per share also saw substantial increases, growing 11% in the quarter and 22% year-to-date. The company's strategic focus on its AI-driven expert platform and 'Big Bets' appears to be resonating with customers, as evidenced by strong performance in services like QuickBooks Online and assisted tax offerings. The Global Business Solutions segment, in particular, demonstrated impressive 15% revenue growth for the quarter and 17% year-to-date, largely fueled by its Online Ecosystem. The Consumer segment also showed solid growth, with an 8% increase in quarterly revenue, driven by strength in assisted tax and consumer money products, as well as Credit Karma's verticals. Intuit continues to actively return capital to shareholders through share repurchases and dividends, demonstrating confidence in its financial position and future prospects.
Financial Highlights
50 data points| Revenue | $8.56B |
| R&D Expenses | $840.00M |
| Operating Expenses | $4.54B |
| Operating Income | $4.02B |
| Interest Expense | $70.00M |
| Net Income | $3.06B |
| EPS (Basic) | $11.10 |
| EPS (Diluted) | $11.09 |
| Shares Outstanding (Basic) | 276.00M |
| Shares Outstanding (Diluted) | 276.00M |
Key Highlights
- 1Total net revenue grew 10% in Q3 FY26 and 14% year-to-date, reaching $8.6 billion and $17.1 billion respectively.
- 2Net income increased 9% in Q3 FY26 and 20% year-to-date, amounting to $3.1 billion and $4.2 billion respectively.
- 3Diluted EPS rose 11% in Q3 FY26 to $11.09 and 22% year-to-date to $15.05.
- 4Global Business Solutions segment revenue increased 15% in Q3 FY26 and 17% year-to-date, highlighting strong performance in its online ecosystem.
- 5Consumer segment revenue grew 8% in Q3 FY26 and 10% year-to-date, driven by assisted tax offerings and consumer money products.
- 6The company's cash, cash equivalents, and investments stood at $6.8 billion as of April 30, 2026, showing a healthy increase from the prior year.
- 7Intuit continued its robust share repurchase program, buying back approximately 3.7 million shares in Q3 FY26 for an average price of $413.13 per share.