Intuit Inc.

Intuit reported fiscal 2026 revenue growth of 14%, GAAP operating income growth of 20%, non-GAAP operating income growth of 18%, and GAAP/non-GAAP diluted EPS growth of 20% each. In Q4, revenue was $4.4 billion, up 14%; GAAP operating income was $475 million versus $339 million last year; non-GAAP operating income was $1.4 billion, up 43%; GAAP diluted EPS was $1.34 versus $1.35 last year; and non-GAAP diluted EPS was $4.03, up 47%. For FY2027, Intuit guided to total revenue of $23.279 billion to $23.512 billion, or 9% to 10% growth, with FY2027 GAAP EPS of $20.12 to $20.36 and non-GAAP EPS of $22.88 to $23.12. The company also guided Q1 FY2027 revenue growth of about 11%, GAAP EPS of $1.71 to $1.75, and non-GAAP EPS of $2.44 to $2.48.

Sasan Goodarzi framed FY2026 as a solid year operationally but said the company needs to improve new-customer growth in key parts of the business. He emphasized a deliberate shift in FY2027 toward widening the front door with QuickBooks Free and QuickBooks Lite, accelerating new-to-the-franchise acquisition, and rebuilding TurboTax’s DIY funnel with more competitive pricing and distribution. His tone was candid and corrective: he repeatedly said the team is not satisfied with DIY tax and low-end business customer growth, but expressed confidence that Intuit’s AI-driven platform and broader product set can reaccelerate growth over time.

Sandeep Aujla highlighted FY2026 revenue growth of 14%, GAAP and non-GAAP operating income growth of 20% and 18%, and GAAP/non-GAAP EPS growth of 20%. He gave concrete segment detail: GBS revenue rose 16% for the year, online ecosystem excluding Mailchimp grew 23%, TurboTax Live revenue and customers both grew 38%, Credit Karma revenue grew 20% in Q4, and the company ended the quarter with $7.2 billion in cash and investments and $7.7 billion of debt. He also noted $2.1 billion of share repurchases in Q4, $5.5 billion for the full year, a 15% dividend increase to $1.38 per share, and said FY2027 guidance includes a $5.81 impact from share-based compensation expenses.

Analysts focused on whether Intuit’s growth slowdown reflects a structural change, including AI disruption, or a deliberate strategic reset. Management said the company is creating the pressure itself, not reacting to being pressured, and argued that AI will be a competitive advantage because Intuit can combine trusted data, human expertise, and agentic workflows. Questions also focused on the impact of lower DIY pricing on assisted tax and whether the slower GBS growth outlook signals weakness; management said assisted and DIY serve different customer needs, and that the lower long-term GBS growth target reflects desktop decline plus a renewed focus on new customer acquisition and mid-market expansion.