Intuit (NASDAQ:INTU) Releases Quarterly Earnings Results

Intuit (NASDAQ:INTU) announced its earnings results on Wednesday. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23, FiscalAI reports. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the business posted $11.65 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Intuit updated its Q4 2026 guidance to 3.560-3.620 EPS and its FY 2026 guidance to 23.800-23.850 EPS.

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

• Intuit reported a strong Q3, with revenue up 10% to $8.6 billion and non-GAAP EPS of $12.80, both ahead of guidance; the company also raised full-year revenue and non-GAAP outlooks.
• Assisted Tax remained a major growth driver, with TurboTax Live customers expected to grow 38% and revenue 36% this year, making it more than half of TurboTax revenue and a key part of Intuit’s long-term strategy.
• Intuit said the DIY TurboTax segment underperformed due to pressure on the most price-sensitive filers earning under $50,000, and management plans to adjust pricing and product lineups to better compete in that part of the market.
• The company’s Consumer platform flywheel is gaining traction, with Credit Karma revenue up 15% and fast-money products helping lift ARPU; Intuit said TurboTax customers who also use Credit Karma generate roughly 30% higher ARPU.
• Intuit announced a 17% workforce reduction to simplify the organization, reduce layers, and improve speed and efficiency, with management saying most of the cost savings should flow to the bottom line and support margin expansion.

Intuit Stock Down 3.9%

INTU traded down $15.78 on Wednesday, reaching $383.93. The company’s stock had a trading volume of 6,700,684 shares, compared to its average volume of 3,651,825. The stock has a market cap of $106.18 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The business’s 50 day moving average is $410.70 and its 200 day moving average is $516.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. Intuit has a 1 year low of $342.11 and a 1 year high of $813.70.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were paid a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. Intuit’s dividend payout ratio (DPR) is 31.09%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the last quarter. Morgan Stanley raised its holdings in shares of Intuit by 1.2% during the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after acquiring an additional 60,910 shares during the period. Northern Trust Corp lifted its position in shares of Intuit by 4.8% in the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock valued at $2,356,040,000 after acquiring an additional 158,843 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Intuit by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,008,432 shares of the software maker’s stock valued at $1,330,426,000 after acquiring an additional 47,624 shares in the last quarter. Finally, Unisphere Establishment lifted its position in shares of Intuit by 13.3% in the 3rd quarter. Unisphere Establishment now owns 1,700,000 shares of the software maker’s stock valued at $1,160,947,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Analyst Ratings Changes

INTU has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Scotiabank set a $575.00 price objective on Intuit in a research report on Friday, March 6th. Wolfe Research set a $550.00 price objective on Intuit and gave the company an “outperform” rating in a research report on Thursday, March 12th. Erste Group Bank upgraded Intuit to a “hold” rating in a research report on Monday, April 27th. Finally, Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and upped their price objective for the company from $670.00 to $700.00 in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average target price of $634.26.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported stronger-than-expected fiscal Q3 results, with earnings and revenue topping estimates, and management raised both full-year revenue and profit guidance. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: The company also authorized an $8 billion share repurchase plan and increased its quarterly dividend, signaling confidence in cash flow and capital returns. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Management said it is expanding AI capabilities across products such as QuickBooks, which could support longer-term efficiency and growth if execution stays on track. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, creating restructuring charges of about $300 million to $340 million and raising concerns about disruption. Intuit boosts annual forecasts, to cut 17% of global staff
• Negative Sentiment: Investors also reacted to a lower annual TurboTax revenue outlook, which fed worries that AI-driven changes could pressure the company’s core tax business. Intuit trims annual TurboTax revenue forecast, to cut 17% of workforce

Intuit Company Profile

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.