Intuit (INTU) Q2 2026 earnings summary

Executive summary

• Q2 FY26 revenue reached $4.7 billion, up 17% year-over-year, with strong growth across all business segments and robust customer engagement driven by AI and human intelligence initiatives.

• Revenue for the first six months of FY26 was $8.54 billion, up 18% year-over-year, with Global Business Solutions (GBS) contributing 72% and Consumer 28% of total net revenue.

• Operating income rose 44% in Q2 to $855 million (GAAP), and net income increased 47% to $693 million; diluted GAAP EPS was $2.48, up 49% year-over-year.

• AI and HI integration is fueling growth, margin expansion, and customer confidence in regulated financial decisions.

• Segment reporting was revised, combining Consumer, Credit Karma, and ProTax into a single Consumer business effective August 1, 2025.

Financial highlights

• Q2 FY26 revenue: $4.7 billion, up 17% year-over-year; first half FY26 revenue: $8.54 billion, up 18%.

• GAAP operating income: $855 million (up 44%); non-GAAP operating income: $1.5 billion (up 23%).

• GAAP diluted EPS: $2.48 (up 49%); non-GAAP diluted EPS: $4.15 (up 25%).

• Consumer platform revenue up 15%, Credit Karma up 23%, TurboTax up 12%, ProTax up 7%.

• Cash and investments totaled $3.0 billion; debt stood at $6.2 billion as of January 31, 2026.

Outlook and guidance

• FY26 revenue guidance reaffirmed at $20.997–$21.186 billion, 12–13% growth; non-GAAP diluted EPS: $22.98–$23.18.

• GAAP EPS guidance: $15.49–$15.69 (13–15% growth); non-GAAP operating income: $8.611–$8.688 billion.

• Global Business Solutions Group revenue growth expected at 14–15%; Consumer Group at 8–9%.

• TurboTax growth guided at 8%, Credit Karma at 10–13%, ProTax at 2–3%.

• Q3 FY26 revenue growth expected at 10%.