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Oct 31, 2025
Intuit Q1 2026 Earnings Report
Intuit reported strong first-quarter results for fiscal year 2026, with significant revenue growth across its segments and increased GAAP and non-GAAP earnings per share.
Key Takeaways
Intuit delivered an exceptional first quarter of fiscal 2026, driven by strong execution of its AI-driven expert platform strategy. Total revenue grew 18% to $3.9 billion, with Global Business Solutions and Consumer segments showing robust growth. GAAP operating income surged by 97%, and non-GAAP operating income increased by 32%. The company also saw a substantial rise in both GAAP and non-GAAP diluted earnings per share, reflecting strong financial performance.
Total revenue for the first quarter of fiscal 2026 reached $3.885 billion, an 18% increase compared to the prior year.
GAAP diluted earnings per share rose by 127% to $1.59, while non-GAAP diluted earnings per share increased by 34% to $3.34.
Global Business Solutions revenue grew 18% to $3.0 billion, with Online Ecosystem revenue up 21% to $2.4 billion.
Consumer revenue increased by 21% to $894 million, driven by a 27% growth in Credit Karma revenue to $651 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Intuit reiterated its full fiscal year 2026 guidance, expecting continued double-digit revenue growth and expanding margins, with specific growth projections for its key segments.
Positive Outlook
- Full-year fiscal 2026 revenue expected to be between $20.997 billion and $21.186 billion, representing 12% to 13% growth.
- GAAP operating income projected to grow 17% to 19%, reaching $5.782 billion to $5.859 billion.
- Non-GAAP operating income anticipated to increase 14% to 15%, ranging from $8.611 billion to $8.688 billion.
- GAAP diluted EPS expected to be $15.49 to $15.69, a growth of 13% to 15%.
- Non-GAAP diluted EPS projected to be $22.98 to $23.18, an increase of 14% to 15%.
Challenges Ahead
- No specific negative forward guidance points were highlighted in the report; the outlook is generally positive.
- The report does not explicitly mention any anticipated declines or significant challenges for the upcoming periods.
- Potential risks and uncertainties are mentioned in the 'Cautions About Forward-looking Statements' section, but not as specific negative guidance points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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