November 21, 2025 — Leads & Copy — Intuit Inc., the financial technology platform behind Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, has announced its financial results for the first quarter of fiscal year 2026, which ended on October 31.
According to Intuit CEO Sasan Goodarzi, the company delivered an exceptional first quarter, continuing to execute on its AI-driven expert platform strategy. Goodarzi said Intuit is creating a system of intelligence, leveraging data, data services, AI, and human intelligence to fuel the success of consumers, small and mid-market businesses, and accountants. The company launched significant “done-for-you” innovations across its platform, helping businesses manage from lead to cash and consumers manage credit building to wealth building.
Intuit’s first-quarter financial highlights include:
Total revenue grew 18 percent to $3.9 billion.
Global Business Solutions revenue grew 18 percent to $3.0 billion, with Online Ecosystem revenue up 21 percent. Excluding Mailchimp, Global Business Solutions revenue increased 20 percent, and Online Ecosystem revenue grew 25 percent.
Consumer revenue increased 21 percent to $894 million.
GAAP operating income rose 97 percent to $534 million.
Non-GAAP operating income increased 32 percent to $1.3 billion.
GAAP diluted earnings per share grew 127 percent to $1.59.
Non-GAAP diluted earnings per share increased 34 percent to $3.34.
Unless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period, and the business metrics and associated growth rates refer to worldwide business metrics.
Sandeep Aujla, Intuit’s chief financial officer, said the company delivered a strong first quarter of fiscal 2026, driven by continued momentum across the company. Aujla added that Intuit is confident in delivering double-digit revenue growth and expanding margin this year, and it is reiterating its full-year guidance for fiscal 2026.
Global Business Solutions revenue grew 18 percent to $3.0 billion, with Online Ecosystem revenue increasing 21 percent to $2.4 billion.
QuickBooks Online Accounting revenue grew 25 percent in the quarter, driven by higher effective prices, customer growth, and mix-shift.
Online Services revenue grew 17 percent, driven by growth in money and payroll offerings.
Total international online revenue grew 9 percent on a constant currency basis.
Consumer revenue was up 21 percent to $894 million.
Credit Karma revenue grew 27 percent to $651 million, driven by strength in personal loans, credit cards, and auto insurance.
TurboTax revenue grew 6 percent to $198 million.
ProTax revenue grew 15 percent to $45 million.
Intuit reported a total cash and investments balance of approximately $3.7 billion and $6.1 billion in debt as of October 31, 2025. The company repurchased $851 million of stock, and $4.4 billion remains on the company’s share repurchase authorization. The board approved a quarterly dividend of $1.20 per share, payable January 16, 2026, a 15 percent increase compared to the same period last year.
Intuit reiterated guidance for the full fiscal year 2026, expecting revenue of $20.997 billion to $21.186 billion, an increase of approximately 12 to 13 percent. GAAP operating income is projected at $5.782 billion to $5.859 billion, an increase of approximately 17 to 19 percent. Non-GAAP operating income is expected to be $8.611 billion to $8.688 billion, up approximately 14 to 15 percent. GAAP diluted earnings per share are projected to be $15.49 to $15.69, with a growth of approximately 13 to 15 percent, and non-GAAP diluted earnings per share are expected to be $22.98 to $23.18, up approximately 14 to 15 percent.
For segment revenue in fiscal year 2026, Intuit anticipates Global Business Solutions will grow 14 to 15 percent. Excluding Mailchimp, the company expects Global Business Solutions Group revenue growth of 15.5 percent to 16.5 percent. Consumer segment revenue is projected to grow 8 to 9 percent, including TurboTax growth of 8 percent, Credit Karma growth of 10 to 13 percent, and ProTax growth of 2 to 3 percent.
Intuit provided guidance for the second quarter of fiscal year 2026, expecting revenue growth of approximately 14 to 15 percent, GAAP diluted earnings per share of $1.76 to $1.81, and non-GAAP diluted earnings per share of $3.63 to $3.68.
Intuit will host a conference call at 1:30 p.m. Pacific time on November 20 to discuss the financial results. A replay will be available for one week by calling 800-934-4245, or 402-220-1173 from international locations. The audio call will remain available on Intuit’s website for one week.
Sandeep Aujla, Intuit’s chief financial officer.
Source: Intuit Inc.
