Intuit Announces Third-Quarter Fiscal Year 2026 Results:
For the third quarter, Intuit:
Total revenue increased to $8.6 billion, up 10%.
Consumer segment revenue grew to $5.3 billion, an 8% increase. Within this segment, TurboTax revenue rose to $4.4 billion, up 7%; Credit Karma revenue grew to $631 million, up 15%. ProTax revenue was $278 million, flat compared to fiscal year 2025.Global Business Solutions segment revenue increased to $3.3 billion, up 15%; Online Ecosystem revenue grew to $2.5 billion, up 19%. Excluding Mailchimp, Global Business Solutions revenue rose 17%, and Online Ecosystem revenue increased 22%.
GAAP operating income increased to $4.0 billion, up 8%.
Non-GAAP operating income grew to $4.7 billion, up 8%.
GAAP diluted earnings per share rose to $11.09, an 11% increase.
Non-GAAP diluted earnings per share increased to $12.80, up 10%.
“Our strong performance in the third quarter of fiscal year 2026 reflects our focus on operations and the scaled execution of growth drivers across our business. As a result, we are raising our full-year revenue outlook for fiscal year 2026,” said Sandeep Aujla, Chief Financial Officer of Intuit. “Our disciplined capital allocation framework is designed to enhance shareholder value—investing in our key strategic initiatives while consistently returning capital to shareholders through share repurchases and dividend growth. We are confident in our ability to deliver sustainable revenue growth, margin expansion, and increased returns of capital to shareholders over the long term.”
Forward-Looking Guidance
Intuit has raised its full-year fiscal 2026 revenue outlook and company expectations for all non-GAAP metrics. The company now expects:
Revenue of $21.341 billion to $21.374 billion, representing growth of approximately 13% to 14%.
GAAP operating income of $5.705 billion to $5.725 billion, representing growth of approximately 16%.
Non-GAAP operating income of $8.784 billion to $8.804 billion, representing growth of approximately 16%.
GAAP diluted earnings per share of $15.79 to $15.84, representing growth of approximately 16%.
Non-GAAP diluted earnings per share of $23.80 to $23.85, representing growth of approximately 18%.