Intuit (NASDAQ:INTU) Updates FY 2026 Earnings Guidance

Intuit (NASDAQ:INTU) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 23.800-23.850 for the period, compared to the consensus earnings per share estimate of 22.070. The company issued revenue guidance of $21.3 billion-$21.4 billion, compared to the consensus revenue estimate of $21.2 billion. Intuit also updated its Q4 2026 guidance to 3.560-3.620 EPS.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on INTU. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Intuit in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $550.00 target price on shares of Intuit in a research report on Thursday. Guggenheim set a $633.00 target price on Intuit in a research report on Monday, March 16th. Mizuho decreased their target price on Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Finally, Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $593.77.

Intuit Stock Performance

Shares of INTU stock opened at $383.93 on Thursday. Intuit has a 12-month low of $342.11 and a 12-month high of $813.70. The company has a market cap of $106.18 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The stock has a 50 day simple moving average of $408.90 and a 200-day simple moving average of $514.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the business posted $11.65 EPS. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities analysts forecast that Intuit will post 17.44 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.49% of the stock is owned by insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered stronger-than-expected fiscal Q3 results, with EPS of $12.80 and revenue of $8.56 billion, both slightly ahead of Wall Street estimates. The company also raised FY 2026 and Q4 guidance, signaling continued demand and healthy operating momentum. Article Title
• Positive Sentiment: Management said it will continue investing in AI and “big bets,” and the board approved an $8 billion buyback plus a 15% dividend increase, which supports shareholder returns and suggests confidence in cash flow. Article Title
• Neutral Sentiment: Broader tech trading was mixed, with market futures and Nasdaq sentiment pressured by Nvidia-related moves, which may be adding some macro noise around INTU’s post-earnings reaction. Article Title
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, in a restructuring tied to AI investment. Investors are reacting negatively to the execution risk, restructuring charges, and the signal that management sees a need to aggressively reset the cost base. Article Title
• Negative Sentiment: The company also trimmed TurboTax revenue guidance, raising concerns about slower growth in a key business line and fueling fears that AI disruption could pressure legacy tax-prep demand. Article Title

Institutional Investors Weigh In On Intuit

A number of large investors have recently bought and sold shares of the stock. State Street Corp grew its holdings in Intuit by 1.2% during the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after buying an additional 158,456 shares during the last quarter. Morgan Stanley grew its holdings in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after buying an additional 60,910 shares during the last quarter. Northern Trust Corp grew its holdings in Intuit by 4.8% during the 3rd quarter. Northern Trust Corp now owns 3,450,001 shares of the software maker’s stock valued at $2,356,040,000 after buying an additional 158,843 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Intuit by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,008,432 shares of the software maker’s stock valued at $1,330,426,000 after buying an additional 47,624 shares during the last quarter. Finally, Unisphere Establishment grew its holdings in Intuit by 13.3% during the 3rd quarter. Unisphere Establishment now owns 1,700,000 shares of the software maker’s stock valued at $1,160,947,000 after buying an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.