Intuit 2026 Q1 Earnings Surpasses Estimates as Net Income Surges 126.4%

Intuit (INTU) reported Q1 2026 earnings that surpassed expectations, with revenue rising 18.3% to $3.88 billion and net income surging 126.4%. The company reaffirmed its fiscal 2026 guidance, maintaining confidence in its growth trajectory despite a recent stock price decline.

Revenue

Global Business Solutions revenue climbed to $3.0 billion, while the Online Ecosystem segment generated $2.4 billion. These figures reflect a 20% and 25% increase, respectively, excluding Mailchimp’s impact. Consumer revenue also saw robust growth, reaching $894 million, a 21% increase.

Earnings/Net Income

Intuit’s EPS rose 128.6% to $1.60 in 2026 Q1, with net income hitting $446 million—a 126.4% jump from $197 million in 2025 Q1. The EPS increase of 128.6% to $1.60 and net income growth of 126.4% indicate strong earnings performance.

Post-Earnings Price Action Review

The strategy of buying INTU when revenues miss and holding for 30 days shows promising results based on historical data. Over the past year, INTU has experienced a significant price increase of 25%, outperforming the market average. This suggests strong growth potential even after a revenue miss. Despite a 3.81% decline over the last three months and 6.08% over 12 months, positive EPS revisions and strategic AI initiatives could drive short-term gains. Dividend and buyback activity, including $851 million in Q1 repurchases, may further support the stock. Strategic positioning through AI and partnerships could bolster investor confidence, making the 30-day holding period viable.

CEO Commentary

Sasan Goodarzi emphasized AI and human intelligence strategies, driving an 18% revenue growth. The CEO highlighted 40% online ecosystem growth, 61% QuickBooks Live expansion, and 51% TurboTax Live revenue growth, underscoring confidence in the $300 billion total addressable market.

Guidance

Sandeep Aujla reaffirmed fiscal 2026 revenue guidance of $20.997–$21.186 billion and non-GAAP EPS of $22.98–$23.18. Q2 guidance includes 14–15% revenue growth and non-GAAP EPS of $3.63–$3.68.

Additional News

1. Business Restructuring: Intuit merged Consumer, Credit Karma, and ProTax divisions into a unified Consumer business unit, effective August 1, 2025, to enhance customer service.

2. Stock Buybacks: The company repurchased $851 million in shares during Q1, reflecting disciplined capital allocation.

3. Dividend Increase: Intuit raised its quarterly dividend by 15%, signaling confidence in long-term cash flow stability.