Intuit (INTU) investor relations material

Strategic priorities and growth drivers

• Scaling Intuit Intelligence to drive automation, customer engagement, and platform consumption, with 2.5 million monthly active users and significant time savings for businesses.

• Accelerating new customer growth by expanding product lineups (e.g., QuickBooks Free/Lite, Credit Karma Tax), targeting price-sensitive and non-consumption cohorts, and broadening distribution channels.

• Embedding money experiences and workforce solutions into the platform, driving ARPC growth and adoption, with launches like Intuit Business Credit Card and Human Capital Management.

• Fueling mid-market and accountant success through industry-specific solutions, vertical editions, and the Accountant Suite, leveraging network effects and agentic automation.

• Evolving the consumer platform by making Credit Karma the year-round financial front door, recapturing DIY tax share, and expanding Assisted Tax with AI-native experiences and disruptive pricing.

Financial performance and guidance

• Fiscal 2026 revenue grew 14% to $21.4 billion, with business platform up 18% to $11.6 billion and consumer platform up 11% to $8.6 billion; Mailchimp held steady at $1.3 billion with improved margins.

• Big Bets (mid-market, money, assisted tax) now represent ~30% of revenue, each growing over 30% CAGR since 2023 and outpacing overall company growth.

• GAAP operating income and EPS grew 20%, with non-GAAP operating income up 23% and non-GAAP EPS up 25%; free cash flow reached $8.6 billion, with $6.8 billion returned to shareholders via dividends and buybacks.

• Fiscal 2027 guidance: company revenue growth of 9%-10%, business platform 13%-14%, consumer platform 4%-6%, and GAAP EPS growth of 22%-24% with high-teens non-GAAP EPS growth.

• Long-term expectations reaffirmed: business platform CAGR of 10%-15%, consumer platform 4%-8%, and continued margin expansion, with GAAP operating margin guided to 32% and non-GAAP to 35% in FY27.

Innovation, AI, and platform strategy

• Intuit Intelligence leverages proprietary data, domain expertise, and orchestration across AI and human intelligence, enabling automation and personalized insights for consumers, businesses, and accountants.

• AI-native experiences now power the majority of DIY tax prep, assisted tax, and business workflows, with persistent financial context and multi-model orchestration.

• Agent Studio enables accountants and businesses to build and deploy custom AI agents, driving new revenue streams and workflow automation.

• Partnerships with leading LLM providers (OpenAI, Anthropic) extend capabilities into third-party platforms, driving customer acquisition and engagement.

• Product development velocity increased 40% with AI, and 70% of code pull requests are now AI-generated.