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Business Philosophy31 May 2024
Alex Chriss: The New CEO of PayPal
In late 2023, the former Intuit Senior VP Alex Chriss took over the reins as CEO at PayPal. Discover his background and what's up next for this sleeping giant.
Intuit (INTU) investor relations material
Intuit Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary20 Nov, 2025
Executive summary
Q1 FY26 revenue was $3.9 billion, up 18% year-over-year, driven by strong AI-driven platform momentum and innovation across business and consumer segments.
Global Business Solutions and Consumer segments both saw double-digit growth, with online ecosystem and Credit Karma performance as key drivers.
Major partnership with OpenAI announced, enabling deep integration of apps within ChatGPT, with no change to data privacy or revenue share.
TurboTax Live revenue grew 51%, Credit Karma revenue up 27%, and mid-market online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite up 40%.
Company reaffirmed fiscal 2026 guidance and remains bullish on growth opportunities in both business and consumer markets.
Financial highlights
Q1 FY26 revenue: $3.9 billion, up 18% year-over-year; GAAP operating income: $534 million (up 97% YoY); non-GAAP operating income: $1.3 billion (up 32% YoY).
GAAP diluted EPS: $1.59 (up 127% YoY); non-GAAP diluted EPS: $3.34 (up 34% YoY).
Net income for the quarter was $446 million, compared to $197 million in the prior year.
Online ecosystem revenue grew 21% (25% excluding Mailchimp); QBO Advanced and Intuit Enterprise Suite online ecosystem revenue up 40%.
Credit Karma revenue up 27%; TurboTax revenue up 6%; ProTax revenue up 15%.
Outlook and guidance
Fiscal 2026 revenue guidance: $20.997–$21.186 billion, growth of 12%–13%.
GAAP operating income projected at $5.782–$5.859 billion (17–19% growth); non-GAAP operating income at $8.611–$8.688 billion (14–15% growth).
Full-year GAAP diluted EPS guidance: $15.49–$15.69; non-GAAP diluted EPS: $22.98–$23.18.
Segment revenue guidance: Global Business Solutions $12.63–$12.74 billion, Consumer $8.36–$8.44 billion.
Q2 revenue growth guidance: 14%–15%; Q2 GAAP EPS: $1.76–$1.81; non-GAAP EPS: $3.63–$3.68.
Reconcile Q1 op income growth to full-year guidance
Explain international online revenue growth drivers
Comment on debt levels vs. shareholder returns
New Consumer segment margin impact?
Credit Karma FY26 growth deceleration drivers?
What drives FY26 Non-GAAP margin increase?
IES contract growth drivers and outlook?
OpenAI partnership: customer behavior shift?
Mailchimp: path to double-digit growth?
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Q2 202624 Feb, 2026
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Frequently asked questions
More than TurboTax
Intuit is a financial software company that provides a range of products and services to help individuals and businesses manage their finances. The company's flagship product is QuickBooks, a cloud-based accounting software that enables small businesses to track income and expenses, create invoices, and manage payroll. Intuit also offers TurboTax, a tax preparation software for individuals, and Mint, a personal finance management tool.
The main business segments
Intuit operates through two main business segments: Small Business and Self-Employed, and Consumer. The Small Business and Self-Employed segment provides products and services to small businesses, self-employed individuals, and accounting professionals. The Consumer segment provides products and services to individual consumers.
A global presence
Intuit was founded in 1983 and is headquartered in Mountain View, California. The company has a global presence with operations in North America, Europe, Asia, and Australia.
Intuit has a strong competitive advantage in the financial software industry, with a focus on innovation and customer experience. The company's investments in artificial intelligence and machine learning have enabled it to offer personalized insights and recommendations to its customers.
Interesting facts about Intuit
One interesting fact about Intuit is that the company has a strong corporate culture focused on diversity and inclusion. The company has been recognized as one of the best workplaces for diversity by Forbes and has set a number of ambitious goals to increase diversity within its workforce.
Additionally, Intuit is committed to sustainability and has set a goal to achieve net-zero emissions by 2030.
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