Intuit reported fourth-quarter revenue of $4.4 billion, exceeding analyst expectations of $4.28 billion, while earnings per share fell short at $2.50 compared with a consensus estimate of $3.54.
The company, whose products include TurboTax and QuickBooks, also provided fiscal 2027 guidance that fell below market forecasts. It projected earnings per share between $22.88 and $23.12, down from a consensus of $27.30, and revenue between $23.30 billion and $23.50 billion, below the $23.74 billion estimate.
Shares rose 7.82% to close at $357.46, extending a three-month gain despite a 45.8% decline over the past year. Analysts have revised Intuit’s earnings outlook upward 26 times in the last 90 days with no downward adjustments, according to InvestingPro data.
The mixed results reflect ongoing challenges in its consumer tax business and shifting demand in its small-business and accounting segments, which have struggled with macroeconomic headwinds and competitive pricing pressure.
