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Intuit
(NASDAQ:INTU)
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Rating:81Outperform
Price Target:
$413.00
▲(15.54% Upside)
Action:Reiterated
Date:08/26/26
INTU scores well primarily due to strong financial performance—high and expanding margins and excellent free cash flow generation—supported by constructive earnings-call messaging around durable growth engines (assisted tax, payments, mid-market) and shareholder returns. The score is tempered by execution and growth risks highlighted in guidance (FY2027 revenue deceleration, slower customer acquisition, DIY TurboTax churn) and only moderately bullish technicals despite positive momentum.
Positive Factors
High margins and strong free cash flow
Intuit combines software-like gross margins with substantial cash conversion. Rising operating profitability and free cash flow provide durable funding for product investment, debt management, acquisitions and shareholder returns while supporting resilience through operating cycles.
Negative Factors
FY2027 revenue growth deceleration
The lower growth outlook indicates that Intuit’s recent acceleration is not expected to persist immediately. Slower growth across TurboTax, Credit Karma and desktop products could limit operating leverage and place greater importance on successful new-product execution.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and strong free cash flow
Intuit combines software-like gross margins with substantial cash conversion. Rising operating profitability and free cash flow provide durable funding for product investment, debt management, acquisitions and shareholder returns while supporting resilience through operating cycles.
Read all positive factors
Intuit Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Reports profit after operating costs for each segment, signaling which businesses scale efficiently and which require heavier investment or margin improvement. A widening gap between revenue and operating income in a segment flags rising costs or strategic spending that could delay overall profitability gains.
Reports profit after operating costs for each segment, signaling which businesses scale efficiently and which require heavier investment or margin improvement. A widening gap between revenue and operating income in a segment flags rising costs or strategic spending that could delay overall profitability gains.
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The Fly
The FlyIntuit (INTU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$97.78B
Dividend Yield1.39%
Average Volume (3M)4.65M
Price to Earnings (P/E)20.9
Beta (1Y)0.50
Revenue Growth13.90%
EPS Growth19.57%
CountryUS
Employees18,200
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)16.53
Shares Outstanding273,537,000
10 Day Avg. Volume4,063,622
30 Day Avg. Volume4,651,977
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)4.59
Price to Sales (P/S)4.07
P/FCF Ratio10.12
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$378.50Price Target Upside5.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering24
EPS Forecast (FY)24.76
Revenue Forecast (FY)$23.52B
Intuit Business Overview & Revenue Model
Company Description
Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. The Global...
How the Company Makes Money
Intuit generates revenue primarily through (1) subscription and service fees from its software platforms and (2) transaction-based fees tied to payments, payroll, and related financial services.
1) Small Business & Self-Employed (QuickBooks ecosy...
Intuit Earnings Call Summary
Earnings Call Date:Aug 25, 2026
(Q4-2026)
| Next Earnings Date:Dec 01, 2026
Earnings Call Sentiment Positive
The call presents a constructive operational and financial picture with strong FY2026 revenue (14%) and EPS (20%) growth, clear momentum in strategic 'Big Bets' (34% growth), impressive payments and mid-market traction, notable AI-driven productivity gains, and disciplined capital returns. However, management candidly highlighted key execution gaps: slowing new customer acquisition (online paying customers +3%), customer losses at the DIY TurboTax price-sensitive segment, and a deliberate near-term revenue deceleration for FY2027 (guidance 9%–10%) as they invest to rebuild top-of-funnel and accept lower initial ARPC. The company provided concrete initiatives (QuickBooks Free/Lite, AI-native tax experiences, expanded mid-market and money offerings), restructured reporting, and meaningful capital allocation actions. Overall, the positives — persistent growth in high-value areas, robust profitability, product and AI momentum, and clear remediation plans — outweigh the near-term headwinds and execution risks, though the transition will require disciplined execution to drive reacceleration.Positive Updates
Full-Year Revenue and EPS Growth
Total revenue for fiscal 2026 grew 14% year-over-year. Full-year GAAP and non-GAAP diluted earnings per share each grew 20%.
Negative Updates
Slowing New Customer Growth
Total online paying customers grew only 3% YoY (management noted this is ~2 percentage points lower than prior year), prompting a strategic shift to accelerate new-to-franchise acquisition.
Read all updates
Q4-2026 Updates
Positive
Negative
Full-Year Revenue and EPS Growth
Total revenue for fiscal 2026 grew 14% year-over-year. Full-year GAAP and non-GAAP diluted earnings per share each grew 20%.
Read all positive updates
Company Guidance
Intuit guided fiscal 2027 total revenue of $23.279–$23.512 billion (growth of 9%–10%), with Global Business Solutions revenue growth of 13%–14% and Consumer revenue growth of 4%–6%; TurboTax revenue +2%–3% (assuming flat total IRS filers) with TurboTax Live growth in the mid‑teens, Credit Karma +11%–13%, ProTax ≈2%, Mailchimp flat to −1%, and Desktop revenue expected to decline in the low‑single digits. Full‑year GAAP diluted EPS is expected to be $20.12–$20.36 (+22%–24%) and non‑GAAP diluted EPS $22.88–$23.12 (+23%–24%), which includes a $5.81 impact from share‑based compensation, with an expected GAAP tax rate of ~27%. Q1 FY27 revenue growth is guided to be ~11%, Q1 GAAP EPS $1.71–$1.75 and Q1 non‑GAAP EPS $2.44–$2.48 (including a $1.48 SBC impact). The company expects margin expansion (savings from workforce changes partially offset by increased sales/marketing and product investments), is targeting GBS 3‑year CAGR of 10%–15% and Consumer 3‑year CAGR of 4%–8%, reiterates a commitment to at least high‑teens annual non‑GAAP EPS growth, will report Mailchimp as a separate segment, and will include share‑based compensation in non‑GAAP measures while targeting SBC at ~9% of revenue by FY2028 and 8% by FY2030.Intuit Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
74
Positive
Cash Flow
90
Very Positive
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.45B | 18.83B | 16.29B | 14.37B | 12.73B |
| Gross Profit | 17.43B | 15.21B | 12.82B | 11.22B | 10.32B |
| EBITDA | 5.88B | 5.89B | 4.58B | 4.04B | 3.37B |
| Net Income | 4.57B | 3.87B | 2.96B | 2.38B | 2.07B |
Balance Sheet | |||||
| Total Assets | 36.79B | 36.96B | 32.13B | 27.78B | 27.73B |
| Cash, Cash Equivalents and Short-Term Investments | 4.71B | 4.55B | 4.07B | 3.66B | 3.28B |
| Total Debt | 8.64B | 6.64B | 6.57B | 6.69B | 7.54B |
| Total Liabilities | 17.79B | 17.25B | 13.70B | 10.51B | 11.29B |
| Stockholders Equity | 18.99B | 19.71B | 18.44B | 17.27B | 16.44B |
Cash Flow | |||||
| Free Cash Flow | 8.62B | 6.08B | 4.63B | 4.79B | 3.66B |
| Operating Cash Flow | 8.84B | 6.21B | 4.88B | 5.05B | 3.89B |
| Investing Cash Flow | -1.41B | -2.32B | -227.00M | -922.00M | -5.42B |
| Financing Cash Flow | -7.69B | -1.51B | -397.00M | -4.27B | 1.73B |
Intuit Technical Analysis
Neutral
357.46
Price Trends
303.73
Positive
332.06
Positive
435.20
Negative
Market Momentum
14.98
Positive
55.29
Neutral
67.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTU, the sentiment is Neutral. The current price of 357.46 is above the 20-day moving average (MA) of 340.44, above the 50-day MA of 303.73, and below the 200-day MA of 435.20, indicating a neutral trend. The MACD of 14.98 indicates Positive momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 67.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INTU.
Intuit Risk Analysis
Intuit disclosed 34 risk factors in its most recent earnings report. Intuit reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intuit Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $97.78B | 20.92 | 23.42% | 1.62% | 13.90% | 19.57% | |
80 Outperform | $8.08B | 30.47 | 23.44% | ― | 11.04% | 22.52% | |
78 Outperform | $112.34B | 25.65 | 70.20% | 2.66% | 6.74% | 9.46% | |
71 Outperform | $10.26B | 24.64 | 40.43% | 1.03% | 9.23% | 27.04% | |
68 Neutral | $1.84B | 53.24 | 10.84% | ― | 8.62% | -58.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $4.07B | -419.08 | -0.30% | ― | 13.03% | -150.40% |
* Technology Sector Average
INTU
Intuit
345.88
-314.90
-47.66%
ADP
Automatic Data Processing
281.39
-14.49
-4.90%
PAYC
Paycom
232.31
8.71
3.90%
PCTY
Paylocity
152.04
-27.53
-15.33%
BL
BlackLine
31.32
-22.92
-42.26%
BILL
Bill.com Holdings
48.11
-1.09
-2.22%
Intuit Corporate Events
Business Operations and StrategyDividends
Intuit Board Declares New Quarterly Cash Dividend
Positive
Aug 25, 2026
On August 25, 2026, Intuit announced that its Board of Directors approved a cash dividend of $1.38 per share for shareholders. The dividend is scheduled to be paid on October 16, 2026 to shareholders of record as of the close of business on Octobe...
Business Operations and StrategyPrivate Placements and Financing
Intuit Raises $1.75 Billion Through Senior Notes Offering
Positive
Jun 11, 2026
On June 11, 2026, Intuit issued $1.75 billion of senior unsecured notes, including $750 million of 4.950% notes due 2031 and $1 billion of 5.500% notes due 2036, generating approximately $1.74 billion in net proceeds. The debt offering, arranged t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.