Intuit Inc. reported fiscal 2026 revenue of $21.4 billion, a 14% increase from the prior year, driven by strength in its Global Business Solutions and Online Services segments. GAAP operating income rose 20% to $5.9 billion, while non-GAAP operating income increased 18% to $8.9 billion, lifting the non-GAAP operating margin by 1.5 percentage points to 41.7%. Diluted GAAP EPS grew 20% to $16.46, and non-GAAP EPS rose 20% to $24.27, supported by a 2% decline in diluted shares outstanding to 277 million.
The company’s Global Business Solutions segment generated $11.6 billion in revenue, up 18% year-over-year, with an operating margin of 77%. QuickBooks Online Accounting revenue reached $5.1 billion, a 23% increase, while the Consumer segment reported $8.6 billion in revenue, an 11% rise. Mailchimp, now reported as a standalone segment, posted $1.3 billion in revenue, a 1% decline from fiscal 2025. Total segment operating income totaled $16.2 billion, with an overall margin of 76%, largely unchanged from the prior year.
Fiscal 2027 guidance indicates a slowdown, with total revenue projected at $23.3 billion to $23.5 billion, representing 9–10% growth. Global Business Solutions is expected to grow 13–14% to $13.1–$13.2 billion, while the Consumer segment is forecast to expand 4–6% to $9.0–$9.1 billion. Mailchimp’s revenue is projected to remain flat at $1.3 billion. Non-GAAP diluted EPS is guided at $22.88 to $23.12, a 23–24% increase, though share-based compensation expense is expected to rise to approximately $255 million.
Intuit’s shares fell 3.37% to $357.46 in regular trading, extending declines to 8.69% in after-hours trading, bringing the total drop to roughly 11.8% from the prior close of $369.92. The stock has traded between $252.84 and $705.08 over the past 52 weeks, with analyst price targets ranging from $250 to $921. The company’s Investor Day, scheduled for September 17, 2026, will provide a full recast of segment margins for fiscal years 2024–2026, following reporting changes implemented on August 1, 2026, which included reclassifying Mailchimp and adjusting share-based compensation in non-GAAP measures.
Chief Executive Officer Sasan Goodarzi emphasized a strategic shift toward customer acquisition and market share growth, stating the company is operating from a position of strength. However, management noted that pricing has become the primary reason customers leave TurboTax, highlighting competitive pressures in the Consumer segment.
