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Intuit 8-K Report, Financial Results (Feb 26, 2026)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed February 26, 2026
Period End
February 26, 2026
Security
INTU
In the record · 2016–202610-K1110-Q328-K101

INTU filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 101 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Nov ’18Nov ’18
  2. Deal closed8-K · Dec ’20Dec ’20
  3. Leadership change8-K · Feb ’23Feb ’23
  4. Material agreement8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed February 26, 2026. Cited figures are marked; the original filing is the authoritative source.

Intuit (INTU) reported fiscal Q2 2026 results (quarter ended January 31, 2026) that beat the top-line and profit trajectory investors were watching, with total revenue up 17% to $4.65 billiona.

Global Business Solutions revenue rose 18% to $3.2 billionb, led by Online Ecosystem revenue up 21% to $2.5 billion, with QuickBooks Online Accounting up 24%. Consumer revenue grew 15% to $1.5 billion, driven by Credit Karma (up 23% to $616 million) and TurboTax (up 12% to $581 million). GAAP operating income rose 44% to $855 million and GAAP diluted EPS rose 49% to $2.48; non-GAAP operating income grew 23% to $1.55 billion and non-GAAP diluted EPS rose 25% to $4.15.

Management reiterated full-year fiscal 2026 guidance, calling for revenue of $20.997c-$21.186 billion (12-13% growth), non-GAAP EPS of $22.98-$23.18, and GAAP EPS of $15.49-$15.69. Fiscal Q3 guidance was also issued, with revenue growth of about 10%, non-GAAP EPS of $12.45-$12.51, and GAAP EPS of $10.56-$10.62. The board approved a quarterly dividend of $1.20 per share, up 15% year over year, payable April 17, 2026 to holders of record on April 9, 2026.

Balance sheet and capital return items warrant attention. Total debt stood at about $6.2 billiond against roughly $3.0 billion in cash and investments at quarter-end, and the company repurchased $961 million of stock with $3.5 billion remaining on its authorization.

A $5.8 billion revolving facility entered January 30, 2026 to fund TurboTax early tax refund advances was terminated effective February 26, 2026, and a new $2.2 billion unsecured revolver maturing in 2031 was put in place on January 9, 2026. Investors should note that the second quarter is seasonally tied to the tax business, so the reported quarter should be read alongside the full-year guidance rather than in isolation.

02—Key points

Key Highlights

  1. Total revenue of $4.65B, up 17% year over year; Global Business Solutions up 18% to $3.2B and Consumer up 15% to $1.5B
  2. Online Ecosystem revenue up 21% to $2.5B; excluding Mailchimp, Online Ecosystem grew 25% and Global Business Solutions grew 21%
  3. GAAP diluted EPS of $2.48 (up 49%) and non-GAAP diluted EPS of $4.15 (up 25%); non-GAAP operating income up 23% to $1.55B
  4. Full-year FY2026 guidance reiterated: revenue growth of 12-13% and non-GAAP EPS of $22.98-$23.18; management expects double-digit revenue growth and margin expansion
  5. Fiscal Q3 2026 guidance: revenue growth of about 10% and non-GAAP diluted EPS of $12.45-$12.51
  6. Quarterly dividend raised to $1.20 per share (up 15%), payable April 17, 2026; $961M repurchased in the quarter with $3.5B remaining authorization
  7. Debt of about $6.2B against roughly $3.0B in cash and investments; $5.8B TurboTax-linked revolver terminated February 26, 2026, and a new $2.2B revolver maturing 2031 was entered January 9, 2026

03—Questions

Frequently Asked Questions

  1. Did Intuit change its full-year fiscal 2026 outlook?

    No. Intuit reiterated its full-year fiscal 2026 guidance, including revenue of $20.997-$21.186 billion (12-13% growth), non-GAAP operating income of $8.611-$8.688 billion, and non-GAAP EPS of $22.98-$23.18. Segment guidance was also reiterated: Global Business Solutions up 14-15% and Consumer up 8-9%.

  2. What does the Q3 fiscal 2026 guidance imply?

    Intuit guided to roughly 10% revenue growth for the quarter ending April 30, 2026, with GAAP diluted EPS of $10.56-$10.62 and non-GAAP diluted EPS of $12.45-$12.51. Because the third quarter sits outside the peak tax season, the guidance points to a slower growth rate than the 17% reported in the second quarter.

  3. Why are GAAP and non-GAAP results so different?

    The gap comes mainly from share-based compensation of $521 million in the quarter, plus amortization of acquired intangibles of about $165 million. Intuit excludes these items from non-GAAP results, and the result is that GAAP EPS of $2.48 is well below non-GAAP EPS of $4.15. Investors who weigh stock-based pay as a real cost should focus on the GAAP figures.

  4. What is happening with the company's debt and TurboTax financing?

    Intuit entered a $5.8 billion unsecured revolving credit facility on January 30, 2026 to fund part of its TurboTax early tax refund offering, and terminated it effective February 26, 2026. A separate $2.2 billion unsecured revolver maturing January 9, 2031 replaced the prior credit agreement. At quarter-end, debt was about $6.2 billion against roughly $3.0 billion in cash and investments.

  5. Is the dividend increase sustainable given buybacks and debt?

    The quarterly dividend is $1.20 per share, up 15% from a year earlier, and the company also repurchased $961 million of stock in the quarter with $3.5 billion left on its authorization. Dividends and buybacks together consumed significant cash in the first half (dividends of $682 million and treasury stock purchases of $1.79 billion), so future capital returns depend on continued operating cash generation, which was $2.2 billion for the six months.

04—Continue

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