Intuit says fiscal 2026 revenue rose 14%, EPS 20%

On Tuesday, Intuit (NASDAQ: INTU ) discussed fourth-quarter financial results during its earnings call. The full transcript is provided below. This content is powered APIs. For comprehensive financial data and transcripts, visit View the webcast at Watch the full earnings call below: Summary Intuit closed fiscal year 2026 with a 14% revenue growth and a 20% increase in GAAP and non-GAAP diluted earnings per share.

The company is focusing on accelerating customer acquisition and market share growth, particularly in Assisted Tax, Money, and Mid-Market segments. Intuit plans to expand its offerings through QuickBooks Free and QuickBooks Lite to acquire new customers early and grow with them over time. Mid-Market revenue grew by 39%, driven by a focus on customer upgrades and new customer acquisition. The company is integrating AI-driven innovations to enhance customer experiences and operational efficiency, aiming to strengthen its position as an AI-driven expert platform.

Intuit's fiscal 2027 guidance indicates a revenue growth of 9% to 10%, with a focus on customer growth and market share expansion. The company significantly increased share repurchases in fiscal 2026, reflecting strong confidence in its long-term growth potential. Intuit is making structural changes, including reporting Mailchimp as a separate segment and including share-based compensation in non-GAAP financial measures. The company is adopting a prudent approach to guidance for fiscal 2027, with an emphasis on durable growth through strategic investments and customer acquisition.

Full Transcript Bo, Operator Good afternoon, ladies and gentlemen. My name is Bo and I will be your conference operator today. At this time I would like to welcome everyone to Intuit's fourth quarter and fiscal year end 2026 conference call. All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer period. If you would like to ask a question during this time, simply press star then the number one on your telephone. If you would like to withdraw your question, press star two. With that, I'll now turn the call over to Ms.

Kendra Goodenough, Intuit's Vice President of Investor Relations. Please go ahead, ma'am. Kendra Goodenough, Vice President of Investor Relations Good afternoon and welcome to Intuit's fourth quarter fiscal 2026 conference call. I'm here with Intuit's CEO Sasan Goodarzi and our CFO Sandeep Aujla.

Before we start, I'd like to remind everyone that our remarks will include forward-looking statements. There are a number of factors that could cause Intuit's results to differ materially from our expectations. You can learn more about these risks in the press release we issued earlier this afternoon, our Form 10-K for fiscal 2025, and our other SEC filings. All of these documents are available on the investor relations page of Intuit's website at intuit.com.

We assume no obligation to update any forward-looking statement. Some of the numbers in these remarks are presented on a non-GAAP basis. We've reconciled the comparable GAAP and non-GAAP numbers in today's press release. Unless otherwise noted, all growth rates refer to the current period versus the comparable prior year period and the business metrics and associated growth rates refer to the worldwide metrics.

A copy of our prepared remarks and supplemental financial information will be available on our website after this call ends. With that, I'll turn the call over to Sasan. Sasan Goodarzi, CEO Thanks, Kendra. And thanks to all of you for joining us today.

We closed fiscal year 2026 with solid results. Full year revenue grew 14% and we expanded operating margin again this year. This drove full year GAAP and non-GAAP diluted earnings per share growth of 20%. For both our big bets, Assisted Tax, Money, and Mid-Market collectively grew 34% and represented 30% of full year revenue.

At the same time, our results highlighted areas where we need to further evolve, namely in key parts of our business. We need to grow new customers at a faster pace. As we enter fiscal year 2027, we are deliberately shifting our execution and investments towards accelerating customer acquisition and market share growth while continuing to scale the areas of the business that are working. We have already taken decisive action.

We are sharpening our product and lineup strategy to accelerate new customer growth while continuing to scale our big bets and increase adoption of platform services. These actions are designed to strengthen our competitive position and set Intuit up for durable growth over time. Today I'll cover the opportunities we see ahead, the changes that we are making to capture them, and our progress to date. I have a great deal of conviction in our strategy to win as an AI-driven expert platform by creating a unified financial system of intelligence.

We bring together decades of trusted proprietary data, deep financial and industry expertise, and domain-specific models built for accuracy and compliance to increasingly do the work for our customers and help them achieve better outcomes. Our innovation is creating a future, and accountants can simply approve financial decisions or collaborate with a brilliant virtual team of AI and human experts while our platform works around the clock to power their prosperity. This is always-on financial intelligence.

Our three big bets define where we are concentrating our focus: scale done-for-you experiences, putting money at the center of everything we do, and win in the mid-market. We are executing with greater speed against these two clear outcomes: grow new customers to capture market share and increase adoption of platform services to drive higher ARPC. For businesses and accountants, we're helping them grow and run their businesses end-to-end. From accounting and human capital manage