Intuit (NASDAQ:INTU) posted quarterly results that topped Wall Street expectations on Thursday, supported by robust performance across its business software and consumer finance offerings. Shares rose more than 5% intra-day on Friday.
The company reported non-GAAP earnings per share of $3.34 for the fiscal first quarter, beating the analyst estimate of $3.09. Revenue increased 18% to $3.9 billion, surpassing expectations of $3.76 billion.
Global Business Solutions revenue rose 18% to $3 billion, driven by a 21% increase in Online Ecosystem sales. QuickBooks Online Accounting revenue climbed 25%, boosted by higher pricing, customer additions, and favorable mix shifts. Consumer revenue reached $894 million, up 21%. Credit Karma revenue grew 27% to $651 million, while TurboTax sales increased 6%.
GAAP operating income nearly doubled to $534 million. Non-GAAP operating income rose 32% to $1.3 billion.
CEO Sasan Goodarzi said Intuit delivered an “exceptional” quarter as it continued building its AI-driven expert platform, while CFO Sandeep Aujla reaffirmed confidence in sustaining double-digit revenue growth and margin expansion.
For fiscal 2026, Intuit projected revenue of $21–$21.2 billion and non-GAAP EPS of $22.98–$23.18, compared with consensus estimates of $21.15 billion and $23.16. For the second quarter, the company guided to non-GAAP EPS of $3.63–$3.68 with revenue growth of 14% to 15%.
