# Intuit (INTU) Q3 FY2026 earnings

Results filed 2026-05-20 for the quarter ended 2026-04-30. Source page: https://earnings.opennash.com/companies/intu/2026-q3/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/896878/000089687826000024/0000896878-26-000024-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

Intuit grew total revenue to $8.6 billion, up 10 percent, and increased GAAP diluted earnings per share to $11.09, up 11 percent, and non-GAAP diluted earnings per share to $12.80, up 10 percent.

Intuit's third quarter, which ended April 30, 2026, brought $8.6 billion in revenue, up 10 percent. Consumer revenue grew 8 percent, led by TurboTax at $4.4 billion and Credit Karma at $631 million. Global Business Solutions grew 15 percent to $3.3 billion, and its Online Ecosystem revenue grew 19 percent. GAAP diluted earnings per share were $11.09 and non-GAAP were $12.80. The company also repurchased $1.6 billion of stock and announced a new $8 billion repurchase authorization.
Management raised full-year fiscal 2026 revenue guidance to $21.341 billion to $21.374 billion. It also guided fourth-quarter revenue growth of approximately 11 to 12 percent. Alongside the results, Intuit said it is cutting its full-time workforce by 17 percent. It expects about $300 million to $340 million of restructuring charges, mostly in the fourth quarter. The main tension is whether a leaner organization can speed up growth while TurboTax Online units fall about 2 percent and the company reduces investment in Mailchimp.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total revenue | $8.6 billion | up 10 percent | GAAP |
| Net income | $3,064 |  | GAAP |
| Diluted EPS (GAAP) | $11.09 | up 11 percent | GAAP |
| Diluted EPS (non-GAAP) | $12.80 | up 10 percent | non-GAAP |
| Operating income (GAAP) | $4.0 billion | up 8 percent | GAAP |
| Operating income (non-GAAP) | $4.7 billion | up 8 percent | non-GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Consumer revenue | $5.3 billion | up 8 percent |
| TurboTax revenue | $4.4 billion | up 7 percent |
| Credit Karma revenue | $631 million | up 15 percent |
| ProTax revenue | $278 million | flat |
| Global Business Solutions revenue | $3.3 billion | up 15 percent |
| Online Ecosystem revenue | $2.5 billion | up 19 percent |
| QuickBooks Online Accounting revenue | 22 percent | growth in the quarter |
| Online Services revenue | 15 percent | growth in the quarter |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Revenue growth | fourth quarter of fiscal year 2026 | approximately 11 to 12 percent |
| GAAP diluted EPS | fourth quarter of fiscal year 2026 | $0.73 to $0.79 |
| Non-GAAP diluted EPS | fourth quarter of fiscal year 2026 | $3.56 to $3.62 |
| Revenue | fiscal 2026 | $21.341 billion to $21.374 billion |
| GAAP operating income | fiscal 2026 | $5.705 billion to $5.725 billion |
| Non-GAAP operating income | fiscal 2026 | $8.784 billion to $8.804 billion |
| GAAP diluted EPS | fiscal 2026 | $15.79 to $15.84 |
| Non-GAAP diluted EPS | fiscal 2026 | $23.80 to $23.85 |
| Global Business Solutions revenue growth | fiscal 2026 | approximately 16 percent |
| Consumer revenue growth | fiscal 2026 | approximately 10 percent |
| Restructuring charges | fourth quarter of fiscal 2026 | $300 million to $340 million |

## Key takeaways

1. **Revenue grew 10 percent to $8.6 billion** Total revenue reached $8.6 billion, up 10 percent, with GAAP diluted EPS of $11.09 and non-GAAP diluted EPS of $12.80.
2. **Business solutions outgrew the consumer segment** Global Business Solutions revenue rose 15 percent to $3.3 billion and Online Ecosystem revenue rose 19 percent. Consumer revenue grew 8 percent to $5.3 billion.
3. **Full-year revenue guidance was raised** Intuit now expects fiscal 2026 revenue of $21.341 billion to $21.374 billion, growth of approximately 13 to 14 percent. Fourth-quarter revenue growth is guided at approximately 11 to 12 percent.
4. **Intuit is cutting 17 percent of its workforce** The company is reducing its full-time workforce by 17 percent and expects approximately $300 million to $340 million in restructuring charges. It is also reducing investments in Mailchimp.
5. **TurboTax revenue rose while units declined** TurboTax revenue grew 7 percent to $4.4 billion, but Intuit expects total TurboTax Online units to decline approximately 2 percent. It expects ARPU to increase approximately 11 percent.

## Questions

**What were Intuit's third-quarter fiscal 2026 results?** Revenue was $8.6 billion, up 10 percent, with GAAP diluted EPS of $11.09 (up 11 percent) and non-GAAP diluted EPS of $12.80 (up 10 percent). GAAP operating income was $4.0 billion, up 8 percent.
**What is Intuit's guidance for fiscal 2026?** Intuit raised full-year revenue guidance to $21.341 billion to $21.374 billion, growth of approximately 13 to 14 percent. It guided non-GAAP diluted EPS of $23.80 to $23.85 and GAAP diluted EPS of $15.79 to $15.84.
**What is Intuit's fourth-quarter outlook?** Intuit expects fourth-quarter revenue growth of approximately 11 to 12 percent. It guided GAAP diluted EPS of $0.73 to $0.79 and non-GAAP diluted EPS of $3.56 to $3.62.
**Why is Intuit laying off employees?** Intuit is reducing its full-time workforce by 17 percent to simplify its structure and become faster, leaner and more focused. It expects approximately $300 million to $340 million in restructuring charges, largely in the fourth quarter.
**How did Intuit's business segments perform?** Consumer revenue grew 8 percent to $5.3 billion, including TurboTax at $4.4 billion (up 7 percent) and Credit Karma at $631 million (up 15 percent). Global Business Solutions grew 15 percent to $3.3 billion, with Online Ecosystem revenue up 19 percent.