Intuit reported fourth-quarter fiscal 2026 adjusted earnings per share of $4.03, exceeding the $3.54 consensus by $0.49, a 13.8% surprise, while revenue reached $4.4 billion, beating estimates by $120 million. On a GAAP basis, diluted EPS was $1.34, roughly flat year-over-year, with operating income rising to $475 million from $339 million a year earlier.
Full-year 2026 revenue grew 14%, with both GAAP and non-GAAP diluted EPS climbing 20% and GAAP operating income up 20%. Gross profit margin stood at 80.79%, while the company held $7.2 billion in cash and investments against $7.7 billion in debt. The company's "big bets"—Assisted Tax, Money, and Mid-Market—collectively grew 34% and accounted for 30% of annual revenue.
Operational metrics highlighted continued strength in digital financial services. Online paying customers totaled 8.9 million at fiscal year-end, a 3% increase, while online money portfolio revenue rose 31%. Mid-market revenue grew 39%, with new-to-the-franchise customers increasing over 30%. The Intuit Enterprise Suite surpassed $145 million in annualized revenue in the quarter, a fourfold increase from the prior year. Construction Edition contributed 19 percentage points to QuickBooks Online Advanced growth, with new Intuit Enterprise Suite contracts in construction up 20%. Accountants drove 25% of new Intuit Enterprise Suite contracts, with over 150,000 accountants on the Intuit Accountant Suite platform.
Transaction volumes reflected robust activity, with businesses managing over $2.7 trillion in invoices through QuickBooks annually and total online payment volume, including bill pay, growing 30% to more than $225 billion for the year. Intuit facilitated 39 million tax returns and over $120 billion in refunds, leveraging more than 70,000 tax and financial attributes per consumer. Approximately one in nine U.S. credit card and personal originations now flows through Intuit's platform, with share rising by roughly three percentage points over two years.
Despite the strong quarter, Intuit's stock fell 3.37% during regular trading to $357.46, followed by an 8.69% drop in after-hours trading to $326.39, marking an 11.8% decline from the prior close. The company guided fiscal 2027 revenue to $23.279 billion to $23.512 billion, implying 9% to 10% growth, a deceleration from 2026's 14% pace. Desktop revenue is expected to decline in the low single digits, while consumer revenue growth is projected at 4% to 6%. TurboTax revenue is seen rising 2% to 3%, with TurboTax Live expanding in the mid-teens, and Credit Karma revenue forecast to grow 11% to 13%. The Global Business Solutions segment is expected to grow 13% to 14%, with non-GAAP diluted EPS projected at $22.88 to $23.12, up 23% to 24%.
Intuit will restructure its reporting in fiscal 2027, separating Mailchimp into its own operating segment and no longer excluding share-based compensation from non-GAAP measures. CEO Sasan Goodarzi described the year as closing with "solid results," noting full-year revenue growth of 14% and operating margin expansion, while emphasizing a strategic shift toward accelerating customer acquisition and market share growth. He acknowledged pricing pressure in TurboTax, citing price as the top reason customers leave the platform, and framed the guidance reset as a deliberate move from "a position of strength."
