Intuit (NASDAQ:INTU) Posts Earnings Results, Beats Estimates By $0.47 EPS

Intuit (NASDAQ:INTU) posted its quarterly earnings results on Thursday. The software maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.47, FiscalAI reports. Intuit had a net margin of 21.57% and a return on equity of 24.02%. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.32 earnings per share. Intuit updated its Q3 2026 guidance to 12.450-12.510 EPS and its FY 2026 guidance to 22.980-23.180 EPS.

Here are the key takeaways from Intuit’s conference call:

• Intuit posted a strong Q2 with $4.7B revenue (+17%), GAAP EPS $2.48 and non‑GAAP EPS $4.15, and the company reaffirmed full‑year FY26 guidance of roughly $21B revenue (12%–13% growth) and EPS targets.
• Adoption of Intuit’s AI+human‑intelligence platform is accelerating — over 3 million customers used AI agents, accounting agents categorized 237M transactions in January, and QuickBooks Live growth exceeded 50%, supporting ARPC and margin expansion.
• Mid‑market momentum is strong: online ecosystem revenue for QBO Advanced + Intuit Enterprise Suite rose ~40%, new IES contracts grew ~50% QoQ, Intuit expanded its direct sales force ~30%, and it launched industry editions plus a multiyear partnership with Anthropic.
• Money‑centered features are fueling growth — total online payments volume (including bill pay) grew 29%, bill pay nearly doubled, TurboTax revenue rose 12% despite weaker IRS filings timing, and Credit Karma revenue grew 23% aided by year‑round agent features and ~600 local service centers.
• Near‑term headwinds remain: Mailchimp revenue was down and management now expects Mailchimp to return to double‑digit growth only beyond FY26, desktop revenue is slowing to low single‑digit growth for FY26, and Q3 margins are guided lower due to timing and shifted spend despite confidence in full‑year margin expansion.

Intuit Price Performance

Intuit stock opened at $409.03 on Friday. The business has a 50-day simple moving average of $526.10 and a 200 day simple moving average of $618.06. The stock has a market cap of $113.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.61 and a beta of 1.24. Intuit has a 52 week low of $349.00 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a yield of 1.2%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

A number of institutional investors and hedge funds have recently modified their holdings of the company. Betterment LLC grew its holdings in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after acquiring an additional 16 shares during the period. One Capital Management LLC boosted its position in Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after purchasing an additional 18 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Intuit by 1.0% during the 3rd quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 18 shares during the period. Sepio Capital LP grew its stake in shares of Intuit by 6.6% during the 4th quarter. Sepio Capital LP now owns 451 shares of the software maker’s stock valued at $299,000 after purchasing an additional 28 shares during the period. Finally, CYBER HORNET ETFs LLC increased its position in shares of Intuit by 4.1% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 753 shares of the software maker’s stock valued at $514,000 after purchasing an additional 30 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results beat: Intuit reported stronger-than-expected fiscal Q2 results — revenue grew ~17% and EPS topped consensus, and the company reaffirmed its FY26 revenue and EPS framework (FY26 EPS guide ~22.98–23.18). This confirms ongoing growth momentum and investor confidence in underlying businesses. Intuit Tops Q2 Earnings, Reaffirms FY26 Growth Outlook Amid AI Push
• Positive Sentiment: AI positioning: Management and analysts highlight Intuit’s AI investments (TurboTax, QuickBooks, Credit Karma integrations) as a structural tailwind — executives say AI is fueling the next growth phase and should deepen switching costs rather than displace the business. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Board signals confidence with dividend: Intuit declared a quarterly cash dividend of $1.20 per share (record April 9, pay April 17), underscoring cash generation and capital return policy. This supports income-oriented investor demand. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analyst target updates mixed: Several firms trimmed price targets (Goldman, JPMorgan, Oppenheimer, RBC, others) but most maintained Buy/Outperform/Overweight stances — signaling caution on near-term multiple expansion while still backing the longer-term thesis. Monitor how these revisions affect sentiment and flows. Goldman Sachs adjusts price target on Intuit to $519 from $720; maintains neutral rating
• Negative Sentiment: Soft near-term guidance & higher marketing spend: Intuit’s Q3 guidance was softer than some expected — management flagged elevated marketing investment for peak U.S. tax season that will weigh on near-term margins and profit expectations, which triggered short-term selling pressure across headlines. Intuit Shares Tumble Despite Earnings Beat as Tax Season Outlook Disappoints
• Negative Sentiment: Market reaction: Despite the beat, coverage and write-ups emphasize the softer FQ3 outlook and tax-season margin pressure — multiple headlines note the stock initially slid after hours, reflecting sensitivity to forward guidance versus reported results. Investors should watch guidance execution and marketing ROI. Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTU. KeyCorp decreased their price target on shares of Intuit from $750.00 to $520.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $850.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup decreased their price objective on Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a report on Friday. Finally, Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a report on Saturday. Twenty-three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $660.07.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.