Intuit Stock Earnings Reports

Intuit reported a strong Q2 FY2026: revenue of $4.7B, up 17%; GAAP operating income of $855M; non-GAAP EPS of $4.15. Management attributes the performance to its AI + human intelligence (HI) platform and three strategic "Big Bets": (1) done‑for‑you experiences powered by AI and HI (Intuit Intelligence and AI agents), (2) putting money at the center (payments, bill pay, payroll, capital) and (3) an AI‑native mid‑market ERP (QuickBooks Online Advanced / Intuit Enterprise Suite). Key operational highlights include >3M customers using AI agents with >85% repeat engagement, accounting agents categorizing >237M transactions in January, QuickBooks Live growth >50% Y/Y, total online payments volume up 29%, mid‑market online ecosystem revenue for QBO Advanced and Intuit Enterprise Suite up ~40%, TurboTax revenue +12% (despite a down IRS filing cadence), and Credit Karma revenue +23%. Management launched partnerships with Anthropic (and has apps in OpenAI’s directory) to make contextual LLM capabilities available while asserting customer data and proprietary models remain within Intuit. The company reaffirmed FY2026 guidance (total revenue growth 12–13%, non‑GAAP EPS $22.98–$23.18) and signaled continued margin expansion, increased share repurchases ($961M repurchased in the quarter) and a 15% higher quarterly dividend. Mailchimp remains an area of focus with return‑to‑double‑digit growth expected beyond FY2026.