Intuit 8-K
PositiveEarningsNew guidanceRestructuring
Mailchimp becomes a separate segment in FY2027; non-GAAP earnings will begin including share-based compensation.
Filed 2026-08-25 16:02 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q4 and FY2026 results with FY2027 and Q1 guidance, plus a dividend increase. FY2026 revenue grew 14%; Intuit said its Big Bets grew 34% and accounted for 30% of revenue. The board approved a $1.38 quarterly dividend, up 15% Y/Y.
Key Figures
| Metric | Q4 2026 | Q4 2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.35B | $3.83B | 14% |
| Operating income, GAAP | $475M | $339M | 40% |
| Operating income, non-GAAP | $1.45B | $1.02B | 43% |
| Net income, GAAP | $363M | $381M | (4.7)% |
| Net income, non-GAAP | $1.10B | $776M | 41% |
| Diluted EPS, GAAP | $1.34 | $1.35 | (0.7)% |
| Diluted EPS, non-GAAP | $4.03 | $2.75 | 46% |
| Metric | FY2026 | FY2025 | Y/Y |
|---|---|---|---|
| Revenue | $21.4B | $18.8B | 14% |
| Operating income, GAAP | $5.88B | $4.92B | 20% |
| Operating income, non-GAAP | $8.94B | $7.57B | 18% |
| Net income, GAAP | $4.57B | $3.87B | 18% |
| Net income, non-GAAP | $6.73B | $5.70B | 18% |
| Diluted EPS, GAAP | $16.46 | $13.67 | 20% |
| Diluted EPS, non-GAAP | $24.27 | $20.15 | 20% |
| Operating cash flow | $8.84B | $6.21B | 42% |
- FY revenue by business: Global Business Solutions $12.9B (+16%), Online Ecosystem $9.9B (+19%) and Consumer $8.6B (+11%). Q4 QuickBooks Online Accounting growth was driven by higher effective prices, customer growth and mix; Credit Karma growth reflected strength in personal loans, auto insurance and credit cards.
- Q4 restructuring charges were $293M, vs $1M a year earlier. Cash and investments were $7.2B and total debt was $7.7B at 7/31/2026; June senior-note issuance was $1.75B to address FY2027 maturities.
- FY stock repurchases were $5.5B, up 96%, and reduced weighted-average diluted shares 2%; $7.9B remained authorized. The $1.38 dividend is payable 10/16/2026 to holders of record 10/08/2026.
- From FY2027, Mailchimp will be reported as a separate segment. Intuit’s non-GAAP measures will include share-based compensation, which was excluded from historical non-GAAP results.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Total revenue (GAAP) | FY2027 | $23.279B-$23.512B; 9%-10% Y/Y | — | — |
| Global Business Solutions revenue (GAAP) | FY2027 | $13.068B-$13.158B; 13%-14% Y/Y | — | — |
| TurboTax revenue (GAAP) | FY2027 | $5.377B-$5.453B; 2%-3% Y/Y | — | — |
| Credit Karma revenue (GAAP) | FY2027 | $2.919B-$2.973B; 11%-13% Y/Y | — | — |
| ProTax revenue (GAAP) | FY2027 | $659M-$662M; 2% Y/Y | — | — |
| Consumer revenue (GAAP) | FY2027 | $8.955B-$9.088B; 4%-6% Y/Y | — | — |
| Mailchimp revenue (GAAP) | FY2027 | $1.256B-$1.266B; (1)% to 0% Y/Y | — | — |
| Operating income (GAAP) | FY2027 | $7.408B-$7.490B; 26%-27% Y/Y | — | — |
| Operating income (non-GAAP) | FY2027 | $8.063B-$8.145B; 17%-18% Y/Y | — | — |
| Diluted EPS (GAAP) | FY2027 | $20.12-$20.36; 22%-24% Y/Y | — | — |
| Diluted EPS (non-GAAP) | FY2027 | $22.88-$23.12; 23%-24% Y/Y | — | — |
| Total revenue (GAAP) | Q1 FY2027 | $4.294B-$4.313B; 11% Y/Y | — | — |
| Operating income (GAAP) | Q1 FY2027 | $716M-$729M; 34%-37% Y/Y | — | — |
| Operating income (non-GAAP) | Q1 FY2027 | $902M-$915M; 26%-28% Y/Y | — | — |
| Diluted EPS (GAAP) | Q1 FY2027 | $1.71-$1.75; 8%-10% Y/Y | — | — |
| Diluted EPS (non-GAAP) | Q1 FY2027 | $2.44-$2.48; 30%-33% Y/Y | — | — |
Non-GAAP guidance includes share-based compensation: $2.02B for FY2027 and $521M for Q1, with per-share impacts of $5.81 and $1.48, respectively.
Investor Takeaways
- Compare Q1 results with guidance, particularly as non-GAAP results begin including share-based compensation.
- Watch FY2027 segment results under the separate Mailchimp reporting structure.
- Intuit’s Investor Day is scheduled for 9/17/2026.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3