Intuit (NASDAQ:INTU) Releases Earnings Results, Beats Expectations By $0.23 EPS

Intuit (NASDAQ:INTU) issued its earnings results on Wednesday. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23, FiscalAI reports. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.59% and a net margin of 21.91%.Intuit’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $11.65 earnings per share. Intuit updated its Q4 2026 guidance to 3.560-3.620 EPS and its FY 2026 guidance to 23.800-23.850 EPS.

Here are the key takeaways from Intuit’s conference call:

• Intuit reported a strong Q3, with revenue up 10% to $8.6 billion and non-GAAP EPS of $12.80, both ahead of guidance; the company also raised full-year revenue and non-GAAP outlooks.
• Assisted Tax remained a major growth driver, with TurboTax Live customers expected to grow 38% and revenue 36% this year, making it more than half of TurboTax revenue and a key part of Intuit’s long-term strategy.
• Intuit said the DIY TurboTax segment underperformed due to pressure on the most price-sensitive filers earning under $50,000, and management plans to adjust pricing and product lineups to better compete in that part of the market.
• The company’s Consumer platform flywheel is gaining traction, with Credit Karma revenue up 15% and fast-money products helping lift ARPU; Intuit said TurboTax customers who also use Credit Karma generate roughly 30% higher ARPU.
• Intuit announced a 17% workforce reduction to simplify the organization, reduce layers, and improve speed and efficiency, with management saying most of the cost savings should flow to the bottom line and support margin expansion.

Intuit Price Performance

INTU stock opened at $312.32 on Friday. The stock has a market cap of $86.37 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The stock has a 50-day moving average price of $405.96 and a two-hundred day moving average price of $511.86. Intuit has a 1 year low of $302.36 and a 1 year high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit beat fiscal Q3 EPS and revenue estimates and raised full-year guidance, showing the core business remains healthy. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: The company announced a larger share repurchase authorization and increased its dividend, signaling confidence in cash flow and shareholder returns.
• Neutral Sentiment: Management says the 17% workforce reduction is part of a broader restructuring to flatten the organization and reallocate spending toward AI and “big bets.” Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’
• Neutral Sentiment: Intuit’s quarterly report also included strong revenue growth, but the market is waiting to see whether the AI pivot can offset execution risk from the reorganization.
• Negative Sentiment: The layoffs, restructuring charges of $300 million to $340 million, and softer TurboTax outlook have overshadowed the earnings beat and pressured sentiment. Intuit boosts annual forecasts, to cut 17% of global staff

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTU. Mizuho dropped their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Oppenheimer lowered their target price on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial dropped their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group decreased their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Daiwa Securities Group dropped their target price on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $561.13.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. bought a new stake in shares of Intuit during the 4th quarter worth approximately $33,000. Greenline Wealth Management LLC acquired a new stake in shares of Intuit in the 4th quarter valued at approximately $45,000. Finally, Rakuten Securities Inc. increased its holdings in Intuit by 362.5% during the second quarter. Rakuten Securities Inc. now owns 74 shares of the software maker’s stock worth $58,000 after buying an additional 58 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.