Intuit Earnings Rise on AI Demand
Intuit earnings showed Q1 revenue growth led by AI-powered tools and reiterated FY26 guidance on Nov. 20, 2025, lifting after-hours shares about 3%.
KEY TAKEAWAYS
- Q1 revenue rose 18.0% to $3.9 billion on AI-powered tool demand.
- Management reiterated FY26 revenue guidance of $21.0-$21.2 billion, supporting buybacks and a larger dividend.
- The company repurchased $851 million and declared a $1.20 quarterly dividend payable Jan. 16, 2026.
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Intuit Inc. (INTU) reported strong first-quarter fiscal 2026 earnings on Nov. 20, 2025, driven by rising demand for AI-powered financial tools. Shares rose about 3% after hours.
Quarter Results and Guidance
The company said in a press release on Nov. 20, 2025, that revenue for the quarter ended Oct. 31, 2025, reached $3.9 billion, up 18.0% year over year. GAAP net income rose to $446 million from $197 million a year earlier. GAAP diluted earnings per share (EPS) was $1.59, while non-GAAP diluted EPS reached $3.34.
In a Form 10-Q filed the same day, Intuit reiterated full-year fiscal 2026 revenue guidance of $21.0 billion to $21.2 billion, implying 12.0% to 13.0% growth. It projected full-year GAAP operating income between $5.8 billion and $5.9 billion, and non-GAAP operating income of $8.6 billion to $8.7 billion. The company expects GAAP diluted EPS of $15.49 to $15.69 and non-GAAP diluted EPS of $22.98 to $23.18. For the second quarter, it guided revenue near $4.5 billion, with GAAP and non-GAAP diluted EPS ranges of $1.76 to $1.81 and $3.63 to $3.68, respectively. The filing reported no new regulatory actions or material compliance disclosures during the period.
AI Adoption and Segment Performance
Intuit highlighted accelerating AI adoption among mid-sized businesses as a key growth driver, citing increased demand across platforms including QuickBooks and TurboTax. CEO Sasan Goodarzi said, “We delivered an exceptional first quarter as we continue to execute on our AI-driven expert platform strategy.”
Global Business Solutions revenue rose 18.0% year over year to $3.0 billion. Online Ecosystem revenue increased 21.0% to $2.4 billion. Consumer revenue grew 21.0% to $894 million, with Credit Karma contributing $651 million, up 27.0%. TurboTax revenue was $198 million, up 6.0%, and ProTax generated $45 million, a 15.0% increase. Management attributed these gains to investments in AI capabilities that are boosting platform sign-ups and monetization across small-business and consumer offerings.
Capital Returns and Liquidity
Intuit repurchased $851 million of stock during the quarter and has $4.4 billion remaining under its repurchase authorization. As of Oct. 31, 2025, the company held $3.7 billion in cash and investments against $6.1 billion in debt. The board declared a quarterly dividend of $1.20 per share, payable Jan. 16, 2026, a 15.0% increase year over year.
These capital-return actions, combined with the reiterated guidance and cash position, reflect management’s focus on returning capital to shareholders while maintaining its current leverage level.
