$INTU · INTUIT INC.
Intuit filed its FY2026 10-K reporting revenue of $21.448B (+13.9% YoY) and diluted GAAP EPS of $16.46, with net income of $4.566B. Operating income reached $5.884B, up from $4.923B in FY2025, driving operating margin expansion to 27.4%. Service revenue grew to $18.911B (88% of total), up from $16.400B prior year.
- Global Business Solutions segment revenue $12.864B (+16% YoY); Consumer segment $8.584B (+11% YoY)
- QuickBooks Online Accounting revenue $5.051B, up from $4.120B in FY2025
- Operating income $5.884B vs. $4.923B prior year; restructuring charges totaled $293M
- Debt increased to $7.720B from $6.014B; issued $750M 4.95% notes due 2031 and $1B 5.5% notes due 2036 in June 2026
- Share count declined to 277M diluted shares from 283M prior year
Stock flat at $313.94 (+0.01% since filing), down -1.56% on the day. The $85.9B market cap reflects ~4× trailing revenue and 19× trailing EPS, in line with high-growth SaaS multiples.
Intuit's double-digit top-line growth, margin expansion, and shift to 88% service revenue validate its AI-driven platform transformation and recurring-revenue model at scale.
Intuit's 14% revenue growth and 27% operating margin outpace most enterprise software peers, driven by AI-driven expert platform strategy and 88% service-revenue mix. QuickBooks Online and Credit Karma continue to anchor recurring-revenue expansion in a competitive fintech landscape.
$293M restructuring charges signal ongoing cost-management efforts. Debt principal payments of $1.25B due in FY2027 and $7.7B total debt outstanding increase leverage. Forward-looking statements cite macroeconomic conditions, competition, and AI investment risks.
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