Intuit (INTU) investor relations material

Executive summary

• Fiscal year 2026 revenue grew 14% year-over-year, reaching $21.4 billion, with strong gains across all major segments and Big Bets initiatives growing 34% to represent 30% of annual revenue.

• Strategic focus on accelerating new customer acquisition, scaling AI-driven platform innovation, and expanding entry points with QuickBooks Free and Lite.

• Segment reporting changes include Mailchimp as a separate segment from FY27 and consolidation of Consumer, Credit Karma, and ProTax into a single Consumer business from August 2025.

• Continued investment in platform services, mid-market scaling, and rebuilding the DIY tax funnel.

Financial highlights

• FY26 revenue was $21.4 billion, up 14% year-over-year; GAAP operating income $5.9 billion, non-GAAP operating income $8.9 billion, and GAAP and non-GAAP EPS up 20%.

• Q4 revenue reached $4.4 billion, up 14%; GAAP operating income $475M, non-GAAP operating income $1.4B, up 43%.

• Online ecosystem revenue (ex-Mailchimp) grew 23% for the year; mid-market online ecosystem revenue up 38% in Q4.

• TurboTax Live revenue up 37% for the year; Credit Karma revenue up 20%.

• $7.2B in cash/investments and $7.7B in debt at year-end; $5.5B in share repurchases for FY26.

Outlook and guidance

• FY27 revenue guidance: $23.3–$23.512 billion (9%–10% growth), with Mailchimp as a standalone segment and focus on platform integration.

• GAAP EPS guidance: $20.12–$20.36; non-GAAP EPS: $22.88–$23.12; GAAP operating income: $7.4–$7.5 billion.

• Segment guidance: GBS expected to grow 13%–14%, Consumer 4%–6%, TurboTax 2%–3%, TurboTax Live mid-teens, Credit Karma 11%–13%, Mailchimp flat to down 1%.

• First quarter FY27 revenue guidance: $4.29–$4.31 billion, up 11% year-over-year.

• Long-term: GBS CAGR 10%–15%, Consumer CAGR 4%–8% over next three years.