Intuit (INTU) investor relations material

Executive summary

• Q3 revenue reached $8.6 billion, up 10% year-over-year, driven by AI-powered platform strategy and robust growth in Assisted Tax, Money portfolio, and mid-market segments.

• Revenue for the first nine months of FY26 was $17.1 billion, up 14% year-over-year, with Global Business Solutions up 17% and Consumer up 10%.

• Operating income rose 18% to $5.4 billion for the nine months, with Q3 GAAP operating income at $4 billion, up 8%.

• Management raised full-year guidance for revenue and all non-GAAP metrics, reflecting confidence in ongoing momentum and operational discipline.

• Announced a 17% reduction in full-time workforce to streamline operations, with estimated restructuring charges of $300–$340 million.

Financial highlights

• Q3 revenue was $8.6 billion, up 10% year-over-year; net income for Q3 was $3.06 billion, up 9% from prior year.

• GAAP operating income for Q3 was $4 billion; non-GAAP operating income was $4.7 billion.

• GAAP diluted EPS was $11.09 (up 11%); non-GAAP diluted EPS was $12.80 (up 10%).

• Cash, cash equivalents, and investments totaled $6.8 billion as of April 30, 2026; debt stood at $6.2 billion.

• Share repurchases totaled $1.6 billion in Q3 and $3.4 billion for the first nine months; quarterly dividends declared totaled $3.60 per share.

Outlook and guidance

• Full-year revenue guidance raised to $21.341–$21.374 billion, representing 13–14% growth.

• GAAP EPS guidance: $15.79–$15.84 (up ~16%); non-GAAP EPS: $23.80–$23.85 (up ~18%).

• Q4 revenue growth expected at 11–12%, with $300M–$340M in restructuring charges.

• Management expects continued investment in AI-driven product development, marketing, and sales.

• Cash and liquidity projected to be sufficient for operational and strategic needs for at least the next 12 months.