Key Highlights

● Fiscal 2026 revenue rose 14% to $21.4 billion.

● Fourth-quarter revenue rose 14% to $4.4 billion, led by Global Business Solutions.

● Fiscal 2027 revenue guidance is $23.279 billion to $23.512 billion.

● Non-GAAP measures will include share-based compensation from the first quarter of fiscal 2027.

A year above $21 billion

Intuit Inc. (NASDAQ:INTU) announced fourth-quarter and full-year fiscal 2026 results on 25 August 2026. Revenue for the year ended 31 July 2026 rose 14% to $21.4 billion, helped by growth in its business software, Credit Karma and TurboTax franchises. Alongside the results, the company set guidance for fiscal 2027 that changes how it presents non-GAAP profit.

Business and sector

Intuit operates financial technology platforms for consumers and small businesses. Its Global Business Solutions segment includes QuickBooks and Mailchimp, while the Consumer segment includes TurboTax and Credit Karma. ProTax serves accounting professionals. The company operates in a sector where accounting software, payments, lending and tax preparation are increasingly combined with artificial intelligence features.

Chief executive Sasan Goodarzi said the company surpassed $20 billion in annual revenue with growth fuelled by its Big Bets. Mailchimp becomes a separate operating segment from 1 August 2026 and a separate reportable segment from fiscal 2027, which will give investors more detail on that business.

Latest reported results

Fourth-quarter revenue rose 14% to $4.4 billion. Global Business Solutions grew 14% to $3.4 billion, Online Ecosystem grew 17% to $2.6 billion and Consumer grew 14% to $930 million. Credit Karma revenue was $743 million, up 16%, while TurboTax contributed $153 million, up 3%.

GAAP operating income was $475 million, compared with $339 million a year earlier, after $293 million of restructuring charges. Non-GAAP operating income was $1.448 billion. GAAP diluted earnings per share were $1.34, against $1.35, while non-GAAP diluted earnings per share were $4.03, against $2.75. For the full year, GAAP diluted earnings per share rose 20% to $16.46 and non-GAAP earnings per share rose 20% to $24.27.

Financial performance and industry context

For fiscal 2027, Intuit guides to revenue of $23.279 billion to $23.512 billion, growth of 9% to 10%. It expects GAAP diluted earnings per share of $20.12 to $20.36 and non-GAAP diluted earnings per share of $22.88 to $23.12. For the first quarter, it guides to revenue of $4.294 billion to $4.313 billion, up 11%.

Importantly, Intuit's non-GAAP measures will include share-based compensation from the first quarter of fiscal 2027, so fiscal 2026 non-GAAP figures are not directly comparable with the new guidance. The narrowing gap between GAAP and non-GAAP earnings under that definition may make profitability easier to compare with other software groups. The company also declared a quarterly dividend of $1.38 per share, payable on 16 October 2026.

Risks and uncertainties

The Consumer business is seasonal and exposed to changes in tax policy, competition from free filing options and the regulatory scrutiny that tax-preparation marketing has attracted. Credit Karma depends on lending conditions, since revenue from financial product referrals can weaken if credit tightens or lenders reduce marketing spending.

Small-business customers are sensitive to economic conditions, and competition in accounting and payments is intense. The restructuring charges recorded in the fourth quarter show the cost of reshaping the organisation. Reliance on AI features also brings costs, accuracy and data protection questions. A slower pace of customer acquisition, higher marketing costs or weaker small-business sentiment could each reduce growth below the guided range.

First test under the new definition

The next scheduled event is the first-quarter fiscal 2027 report, where revenue can be compared with the guided range of $4.294 billion to $4.313 billion. Readers may also follow the first results reported under the revised non-GAAP definition, the separate disclosure for Mailchimp, the outcome of the restructuring programme and the next tax season, which is central to the Consumer segment and to annual earnings overall.