What were the key takeaways from Intuit's earnings call?

What is the revenue and EPS growth rate for Intuit year over year?

What is Intuit's gross profit margin?

Did Intuit beat or miss consensus estimates last quarter?

What were the key takeaways from Intuit’s earnings call?

What factors drove the changes in Intuit's revenue and profit?

What guidance did Intuit's management provide for the next earnings period?

What does Intuit do and what are its main business segments?

- **18% Q1 Revenue Growth**: Driven by AI solutions, mid-market expansion, and 29% online payments volume growth. 
- **OpenAI Integration**: Intuit apps now available in ChatGPT, maintaining data privacy and economics. 
- **Mid-Market Momentum**: IES contracts +50% QoQ, targeting double-digit Mailchimp growth via mid-market focus. 
- **Consumer Strength**: Payroll hours up, IT/services sector strong; platform boosts business profitability 20%. 
- **Financial Discipline**: 15% dividend increase, $851M Q1 buyback, reaffirmed FY26 guidance. 


**【CEO Summary Section】**
- Delivered Q1 revenue growth of 18%, driven by AI-driven solutions and mid-market expansion. 
- Highlighted Intuit Intelligence and Intuit Accountant Suite as game-changers, with 2.8M customers using AI agents to automate tasks. 
- Showcased 12-hour/month time savings for accounting customers and 5-day faster payments via AI agents. 
- Announced partnership with OpenAI to integrate Intuit apps within ChatGPT, maintaining data privacy and economics. 
- Consumer platform momentum: TurboTax Live revenue up 61%, Credit Karma loan/credit card share gains. 

**【CFO Financial Commentary】**
- Q1 revenue: $3.9B (18% YoY), GAAP EPS: $1.59, Non-GAAP EPS: $3.30 (15% YoY). 
- Online ecosystem revenue growth: 21% (40% for mid-market QBO Advanced/IES). 
- Payments volume up 29% (18% ex-bill pay), Capital revenue growth. 
- Reaffirmed FY26 guidance: $20.997B-$21.186B revenue (12%-13% growth), Non-GAAP EPS $22.98-$23.18. 
- Q2 guidance: 14%-15% revenue growth, Non-GAAP EPS $3.63-$3.68. 

**【Q&A Highlights】**
- **OpenAI Partnership**: 800M weekly ChatGPT users accessing Intuit apps; no revenue share, data privacy unchanged. 
- **Mid-Market Growth**: IES contracts +50% QoQ, 40% online ecosystem growth; targeting double-digit Mailchimp growth via mid-market sales. 
- **Consumer Confidence**: Payroll hours up, IT/services sector strong; platform helps businesses 20% more profitable. 
- **Credit Karma**: 10%-13% FY26 growth, Lightbox credit models driving partner ROI. 
- **Expense Management**: Disciplined capex, 15% dividend increase; Q1 buyback $851M. 


Intuit Inc. (INTU) Q1 2026 Earnings Call Transcript

- **Record Growth**: 16% FY25 revenue, 20% Q4 revenue, 47% TurboTax Live surge, 32% Credit Karma expansion.
- **AI Platform Momentum**: 2M+ AI agent engagements, 40% mid-market growth, 14% ARPC expansion.
- **FY26 Outlook**: 12%-13% revenue growth, 14%-15% EPS growth, $21B+ revenue target.
- **Strategic Focus**: Consolidating SMB tech stacks, scaling mid-market, doubling down on AI-driven recommendations.

**【CEO Summary Section】**
- Full-year revenue grew 16% with double-digit growth across all segments, driven by AI investments and platform consolidation. 
- Launched virtual AI agents and human experts for small businesses, achieving 2 million+ customer engagements in the first month.
- Mid-market revenue grew 40% in Q4, with 23% new customer growth, targeting $89B TAM.
- TurboTax Live adoption surged 47%, Credit Karma revenue rose 32%, and QBO ARPC expanded 14%.

**【CFO Financial Commentary】**
- Q4 revenue: $3.8B (20% YoY), GAAP EPS: $1.35, Non-GAAP EPS: $2.75 (38% YoY).
- Global Business Solutions Group: 18% growth (21% ex-Mailchimp), Consumer Group: 10% growth.
- Online Ecosystem ARPC +14%, Online Payments Volume +18%, Mailchimp down 1% (expected recovery in FY26).
- FY26 guidance: $21.0B-$21.2B revenue (12%-13% growth), Non-GAAP EPS $23.0-$23.2 (14%-15% growth).

**【Q&A Highlights】**
- **AI Search Impact**: <1% of traffic but 10x visibility for top brands; 40%+ growth in AI-driven recommendations.
- **Mailchimp Recovery**: Mid-market sales expansion (+25%+ CAGR), UI simplification, and 40%+ customer satisfaction improvements.
- **TurboTax Live**: 24% customer growth, 30%+ ARPU expansion, targeting 15%-20% long-term growth.
- **Mid-Market Strategy**: 800K+ eligible customers for Intuit Enterprise Suite, 200+ entity deployments, 300% 3-year ROI per Forrester.

Intuit Inc (INTU) Q4 2025 Earnings Call Transcript

- **Record Growth**: Q3 revenue up 15% to $7.8B, with full-year guidance raised to 15% growth. Non-GAAP EPS of $11.65 (+18%) beats expectations.
- **AI-Driven Innovation**: TurboTax Live revenue surging 47% YoY, powered by AI agents reducing expert prep time by 20%. New customer, payments, and project management AI agents launching Q4.
- **Mid-Market Breakthrough**: Intuit Enterprise Suite (IES) revenue +40% YoY, winning back a 18-entity title company from a competitor. Mid-market TAM of $89B.
- **Credit Karma Surge**: Revenue +31% YoY, exceeding prior 5-8% guidance, driven by credit cards (+14pts), loans (+12pts), and auto insurance (+3pts).
- **Margin Expansion**: Operating margin up 100bps YoY to 55.2%, with AI productivity gains enabling 18% operating income growth vs. 15% revenue growth.


**【CEO Summary Section】**
- **Revenue Growth**: Q3 revenue of $7.8B (+15% YoY), driven by 10% growth in Consumer Group and 19% in Global Business Solutions Group (GBSG). Full-year guidance raised to 15% revenue growth.
- **AI-Driven Strategy**: Emphasized AI agents (e.g., customer, payments, finance agents) automating workflows and connecting customers to AI-enabled experts. TurboTax Live revenue expected to grow 47% YoY.
- **Mid-Market Expansion**: Intuit Enterprise Suite (IES) revenue grew 40% YoY, with 15% of deals driven by accounting firms. A 18-entity title company returned to IES after migrating to a competitor, citing superior integration and reporting.
- **Leadership Changes**: Appointed leaders for Small Business (Marianna Tessel), Mid-Market (Ashley Still), and Services (David Hahn) to accelerate platform adoption.

**【CFO Financial Commentary】**
- **Profitability**: GAAP EPS of $10.02 (+19% YoY), Non-GAAP EPS of $11.65 (+18% YoY). Operating margin expanded 100bps YoY to 55.2%.
- **Segment Performance**: 
  - **Consumer Group**: TurboTax Live revenue +47% YoY, driven by 24% customer growth. Credit Karma revenue +31% YoY, exceeding prior 5-8% guidance.
  - **GBSG**: Online Ecosystem revenue +20% YoY (excluding Mailchimp). QuickBooks Online Accounting +21% YoY, payments +18% YoY.
  - **Desktop**: Revenue +18% YoY, transitioning to recurring subscriptions.
- **Efficiency**: AI-driven productivity gains (e.g., 40% faster coding in tech org) enable 100bps margin expansion YoY while investing in growth.

**【Q&A Highlights】**
- **Tax Growth Sustainability**: 47% TurboTax Live growth driven by AI-enabled expert productivity (20% time reduction per return) and seamless Credit Karma-TurboTax integration. Constructive dissatisfaction remains in local office customer authentication friction.
- **AI Impact on OpEx**: AI agents reduce headcount growth needs, with operating income expected to grow 18% YoY vs. 15% revenue growth.
- **Mid-Market Pricing**: IES saves customers 30-50% vs. legacy ERPs, with pricing reflecting value of integrated apps (e.g., Mailchimp + IES).
- **Macroeconomic Resilience**: 90%+ of revenue recurring, mission-critical for 100M+ customers. Mid-market customers migrating from competitors due to cost and complexity advantages.


Intuit Inc. (INTU) Q3 2025 Earnings Call Transcript

- **17% Revenue Growth**: Led by tax season success and mid-market expansion, with Intuit Assist driving 2.5x engagement in QuickBooks Live.
- **AI Efficiency Boost**: $90M annualized savings from AI, reducing customer support contacts by 20%.
- **Mid-Market Momentum**: IES contracts up 2x YoY, with 2x higher win rates for >$10M businesses.
- **Tax Season Confidence**: 7-8% FY25 Consumer Group guidance supported by 84/100 product satisfaction in Full Service.
- **Credit Karma Surge**: 36% Q2 growth, despite lapping prior year auto insurance gains.


**【CEO Summary Section】**
- Q2 revenue grew 17% YoY, driven by strong momentum in tax season and mid-market expansion.
- Intuit Assist, the AI-powered expert platform, achieved a 2.5x increase in QuickBooks Live engagement and 50%+ growth in repeat invoicing usage.
- Mid-market TAM of $89B: QBO Advanced and Intuit Enterprise Suite (IES) penetration exceeds QBO Core by 12-9 points, with IES contracts up 2x in Q2.
- Tax season success: TurboTax Live Full Service scores 84/100 in customer satisfaction, and local expert campaigns drive 5x higher conversion rates.

**【CFO Financial Commentary】**
- Q2 GAAP EPS: $1.67 (+34% YoY); Non-GAAP EPS: $3.32 (+26% YoY).
- Global Business Solutions Group revenue up 19%, driven by 22% growth in QuickBooks Online Accounting and 30%+ expansion in payments & payroll.
- Online Ecosystem (excluding Mailchimp) grows 21%, with mid-market contributing 40% of growth.
- AI investments deliver $90M annualized efficiency savings, reducing customer support contact rate by 20%.

**【Q&A Key Themes】**
- **Tax Season Strength**: Assisted filer funnel up 2.5x YoY, with 80%+ of filers within 15min of local experts. Full-service completion time <2hrs, driving 7-8% FY25 Consumer Group guidance.
- **Mid-Market Growth**: IES win rates 2x higher for >$10M businesses, with 60%+ sales productivity improvement. 89% of filers prefer local pros, fueling 3x+ starts on Credit Karma.
- **Expense Efficiency**: 40% faster coding with GenAI tools; 20% YoY decline in operating expenses. Hiring flat to up, balanced with AI-driven productivity gains.
- **Credit Karma Surge**: 36% Q2 growth (cards +15pts, loans +14pts) despite lapping prior year auto insurance growth. 1099-Ks impact <1% of tax season.


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