Intuit Inc. reported fiscal 2026 adjusted earnings of $4.03 per share on $4.4 billion in revenue for the fourth quarter, exceeding analyst expectations of $3.54 per share and $4.28 billion. Full-year revenue reached $21.4 billion, up 14% year-over-year, while non-GAAP operating income rose 18% to $8.9 billion and operating margins expanded 1.5 percentage points to 41.7%. The company’s shares fell 3.4% to close at $357.46 on Tuesday, with after-hours trading extending losses to 8.7% to $326.39.
Fiscal 2026 performance reflected broad-based strength across segments. Global Business Solutions, the company’s largest unit, generated $11.6 billion in revenue, up 18%, with operating margins steady at 77%. The Consumer segment, which includes TurboTax and Credit Karma, posted $8.6 billion in revenue, an 11% increase, though operating margins contracted 0.8 percentage points to 73%. Mailchimp, now reported as a separate segment, generated $1.3 billion in revenue, down 1% year-over-year. Total online paying customers grew just 3% during the year.
Management outlined a strategic shift toward customer acquisition and market share growth, acknowledging price sensitivity as a key driver of customer churn in TurboTax. The company also adjusted its reporting structure effective August 1, 2026, separating Mailchimp and including share-based compensation in non-GAAP measures to better reflect recurring costs.
For fiscal 2027, Intuit guided for total revenue of $23.3 billion to $23.5 billion, representing 9% to 10% growth, a deceleration from the prior year. Global Business Solutions is expected to grow 13% to 14%, while the Consumer segment is projected to expand 4% to 6%. Mailchimp’s revenue is forecast to remain flat at $1.3 billion. Non-GAAP diluted EPS is projected between $22.88 and $23.12, implying 23% to 24% growth. Share-based compensation expense is expected to total $255 million.
Capital expenditures surged 79% to $221 million in FY26, reflecting elevated investment in growth initiatives. The company’s diluted share count declined 2% to 277 million shares. Intuit’s stock has declined from a 52-week high of $705.08 to $357.46, with analyst price targets ranging from $250 to $921.
