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Jan 31
Intuit Q2 2026 Earnings Report
Intuit reported strong second-quarter fiscal 2026 results with double-digit revenue growth and significant operating leverage.
Key Takeaways
Revenue increased 17% year over year to 4651000000, driven by strength in Global Business Solutions and Consumer segments. Operating income rose 44% to 855000000, while diluted EPS grew 49% to 2.48, reflecting strong margin expansion.
Total revenue grew 17% year over year to 4651000000.
Operating income increased 44% year over year to 855000000.
GAAP diluted EPS rose 49% year over year to 2.48.
Online Ecosystem revenue grew 21% and Credit Karma revenue grew 23%.
Revenue by Segment
Forward Guidance
For fiscal year 2026, Intuit expects revenue between 20997000000 and 21186000000, GAAP operating income between 5782000000 and 5859000000, and GAAP diluted EPS between 15.49 and 15.69. For Q3 FY26, revenue is expected between 8520000000 and 8553000000.
Positive Outlook
- Full-year revenue expected to grow approximately 12% to 13%.
- GAAP operating income expected to grow approximately 17% to 19%.
- Non-GAAP diluted EPS expected between 22.98 and 23.18 for the full year.
- Q3 revenue expected around 8520000000 to 8553000000.
- Consumer segment expected to grow 8% to 9% for full year.
Challenges Ahead
- Mailchimp expected to return to double-digit growth beyond fiscal 2026.
- ProTax expected to grow only 2% to 3% for full year.
- Credit Karma growth expected to moderate to 10% to 13% for full year.
- Debt balance remains at 6200000000.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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