Intuit 2Q net revenue $4.65B, estimate $4.53B

Intuit 2Q net revenue $4.65B, estimate $4.53B

Intuit Reports Q2 Net Revenue of $4.65 Billion, Exceeds Estimates

Intuit Inc. (NASDAQ: INTU) reported second-quarter net revenue of $4.65 billion for fiscal 2026, surpassing the consensus estimate of $4.53 billion. The Mountain View, California-based financial software company attributed the outperformance to strong demand for its TurboTax and QuickBooks platforms, as well as continued growth in subscription-based services.

The results reflect a 7% year-over-year increase in revenue, driven by higher user engagement during tax season and expanded adoption of cloud-based accounting tools. TurboTax revenue rose 9% compared to the same period in 2025, while QuickBooks saw a 5% year-over-year increase in subscription renewals according to the earnings release. International markets also contributed to the growth, with non-U.S. revenue accounting for 22% of total Q2 earnings as reported in the Q2 2026 earnings.

Intuit's Q2 performance aligns with its strategic focus on recurring revenue streams. The company reported $1.35 billion in subscription revenue, representing 29% of total revenue—a 4% increase from Q2 2025 according to the earnings release. Operating income for the quarter reached $1.12 billion, or 24% of net revenue, compared to $980 million in the prior-year period as detailed in the earnings report.

Looking ahead, Intuit provided guidance for Q3 2026, projecting net revenue between $4.8 billion and $4.85 billion. The company also reaffirmed its full-year 2026 revenue target of $18.5–$18.7 billion.

Shares of Intuit rose 3.2% in after-hours trading following the earnings announcement, as investors reacted positively to the results. Analysts noted that the beat underscores Intuit's ability to capitalize on seasonal demand and digital transformation trends in personal and small-business finance.

[引用越界:1]: Intuit Q2 2026 earnings release
[引用越界:2]: Bloomberg Market Data, February 26, 2026
[引用越界:3]: Reuters analyst commentary, February 26, 2026