Intuit reported fourth-quarter results that topped Wall Street estimates on Thursday, with adjusted earnings per share of $4.03, exceeding the $3.54 consensus by 13.8%, and revenue of $4.4 billion, up 14% year-over-year and 2.8% above the $4.28 billion forecast.
The company’s GAAP diluted EPS came in at $1.34, roughly flat from $1.35 a year earlier, while non-GAAP operating income rose 43% to $1.4 billion. Gross profit margin stood at 80.79%, and the company held $7.2 billion in cash and investments against $7.7 billion in debt. Full-year revenue grew 14%, with GAAP and non-GAAP diluted EPS both up 20%.
During the earnings call, CEO Sasan Goodarzi highlighted the company’s “big bets”—Assisted Tax, Money, and Mid-Market—which collectively grew 34% and accounted for 30% of full-year revenue. Total online paying customers increased 3% to 8.9 million, while the Intuit Enterprise Suite surpassed $145 million in annualized revenue, a fourfold increase from the prior year. Online payment volume, including bill pay, rose 30% to more than $225 billion for the year.
Despite the strong results, shares fell 3.37% in regular trading to $357.46. In after-hours trading, the stock dropped an additional 8.69% to $326.39, marking a total decline of nearly 12% from the prior close. The 52-week range spans $252.84 to $705.08.
Fiscal 2027 guidance signaled a deceleration in growth. Revenue is projected at $23.279 billion to $23.512 billion, implying 9% to 10% growth, down from 14% in fiscal 2026. Non-GAAP diluted EPS is expected at $22.88 to $23.12, up 23% to 24%. Segment outlooks include low-single-digit declines in desktop revenue, 4% to 6% growth in consumer revenue, and mid-teens expansion for TurboTax Live. Credit Karma revenue is projected to rise 11% to 13%, while Global Business Solutions is expected to grow 13% to 14%.
CFO Sandeep Aujla attributed the guidance to “deliberate choices to accelerate customer growth, increase market share, and strengthen the long-term durability of our growth model.” Goodarzi added that the company is shifting execution toward customer acquisition and market share growth, noting that price has become the primary reason customers leave TurboTax.
Mailchimp will be reported as a separate operating segment in fiscal 2027, and share-based compensation will no longer be excluded from non-GAAP measures.
