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1. Company Snapshot

1.a. Company Description

Intuit Inc.provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally.The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect.


The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.This segment also offers payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; QuickBooks Cash business bank account; and financial supplies and financing for small businesses.The Consumer segment provides TurboTax income tax preparation products and services; and personal finance.


The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products.The ProConnect segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services.It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels.


The company was founded in 1983 and is headquartered in Mountain View, California.

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1.b. Last Insights on INTU

Intuit's recent struggles can be attributed to a combination of factors. The company's steep P/E contraction, dropping from over 50x to roughly 27x, has led to a recalibration of investor expectations amidst a higher, longer interest rate environment and a cooling growth outlook. Additionally, Barclays' downgrade of the stock from $785.00 to $540.00, citing an overweight rating, has impacted investor sentiment. The company's technical structure also raises concerns, with Intuit's stock having declined by more than 50% since July 2025. Soft guidance has also disappointed investors, despite better-than-expected quarterly earnings.

1.c. Company Highlights

2. Intuit's Q2 Fiscal 2026 Earnings: A Strong Performance Driven by AI-Driven Innovations

Intuit's Q2 fiscal 2026 revenue grew 17% to $4.7 billion, with GAAP operating income of $855 million and non-GAAP operating income of $1.5 billion. Non-GAAP diluted earnings per share (EPS) came in at $4.15, beating analyst estimates of $3.68. The company's financial performance was driven by its three big bets: delivering done-for-you experiences, accelerating money benefits, and fueling mid-market success. The all-in-one business platform saw momentum with virtual team AI agents, and over 3 million customers leveraged agents to automate tasks.

Publication Date: Mar -01

📋 Highlights
  • Revenue Growth: Total revenue grew 12% to $9.1 billion, with Consumer Platform revenue up 15% and Global Business Solutions Group revenue rising 18% in Q2 fiscal 2026.
  • Operating Income: Non-GAAP operating income reached $1.5 billion, reflecting a 70% increase compared to GAAP operating income of $855 million.
  • AI Adoption: Over 3 million customers used AI agents to automate tasks, saving 17–18 hours monthly (69% reduction in analysis time), driven by virtual team AI integration.
  • Payment Momentum: Online payment volume, including bill pay, surged 29%, while the Online Ecosystem revenue grew 21% year-over-year.
  • EPS Growth: Non-GAAP diluted earnings per share rose to $4.15 (up 25% YoY), with fiscal 2026 guidance reaffirmed for 14–15% EPS growth to $22.98–$23.18.

Segment Performance

The consumer platform delivered 12% TurboTax revenue growth despite overall IRS returns being down 5 points. The Global Business Solutions Group revenue grew 18%, and online ecosystem revenue grew 21% in Q2. Online payment volume, including bill pay, grew 29% in Q2, reflecting momentum in payments and adoption of the bill pay offering. The company's partnership with Anthropic will advance highly personalized experiences for consumers and businesses.

Valuation and Growth Prospects

Intuit's current valuation metrics indicate a premium, with a P/E Ratio of 26.29 and P/S Ratio of 5.66. However, the company's strong growth prospects, driven by its AI-driven innovations, justify this premium. Analysts estimate next year's revenue growth at 12.4%, in line with the company's reaffirmed fiscal 2026 guidance. Intuit's focus on delivering high-stakes financial decisions, ensuring accuracy, compliance, and safety, positions it for long-term success.

Strategic Initiatives and Future Outlook

The company's partnership with AI companies like Anthropic and OpenAI aims to enhance customer experience, not replace human expertise. Intuit's financial agents are saving 17-18 hours a month, a 69% reduction in analysis time. The company's 600 service centers have had over 5 million customers visit through early February, up from 4.2 million for all of last season. With a strong financial performance and strategic initiatives in place, Intuit is well-positioned for continued growth and success.

Dividend and Share Repurchase

The board approved a quarterly dividend of $1.20 per share, a 15% increase, and the company repurchased $961 million of stock during Q2. With $3 billion in cash and investments and $6.2 billion in debt, Intuit remains confident in its momentum and strategy.

3. NewsRoom

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CIBC Private Wealth Group LLC Raises Stock Position in Intuit Inc. $INTU

08:32

Source: defenseworld.net

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3 Sales Growth Stocks to Bet on Despite Geopolitical Conflicts

Mar -19

Source: zacks.com

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48,699 Shares in Intuit Inc. $INTU Purchased by CIBC Bancorp USA Inc.

Mar -19

Source: defenseworld.net

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Captrust Financial Advisors Has $62.23 Million Stock Position in Intuit Inc. $INTU

Mar -19

Source: defenseworld.net

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Comparing Celerity Solutions (OTCMKTS:CLTY) & Intuit (NASDAQ:INTU)

Mar -19

Source: defenseworld.net

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24,820 Shares in Intuit Inc. $INTU Purchased by Danica Pension Livsforsikringsaktieselskab

Mar -18

Source: defenseworld.net

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AI Broke the Digital Economy – And Almost Nobody Has Noticed

Mar -18

Source: investorplace.com

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Intuit: My Top SaaS Apocalypse Pick

Mar -17

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.75%)

6. Segments

Global Business Solutions

Expected Growth: 15.2%

Intuit's Global Business Solutions drives growth through its cloud-based accounting and ERP solutions, streamlining financial management for mid-sized businesses, amid increasing adoption of cloud-based services and digital transformation in the industry.

Credit Karma

Expected Growth: 15.4%

Growing demand for personal finance management and increasing awareness about credit scores drive Credit Karma’s growth, as it offers free credit scores, reports, and tools, enabling users to track and manage their credit health effectively.

Pro-Tax

Expected Growth: 10.2%

Increased adoption of electronic filing, growing demand for professional tax services, and Intuit's established brand presence drive growth in the ProTax software market.

Consumer

Expected Growth: 10.5%

Growing adoption of digital payments, rising e-commerce sales, and increasing demand for contactless transactions drive the QuickBooks Consumer segment growth, fueled by Intuit's innovative payment solutions and expanding merchant network.

7. Detailed Products

TurboTax

A tax preparation software that guides users through the tax filing process, ensuring accuracy and maximizing refunds.

QuickBooks

An accounting software that helps small businesses manage their finances, including invoicing, expenses, and payroll.

Mint

A personal finance management tool that tracks spending, creates budgets, and sets financial goals.

ProConnect

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

Lacerte

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

ProSeries

A professional tax preparation software for accountants and tax professionals, offering advanced features and support.

8. Intuit Co's Porter Forces

Forces Ranking

Threat Of Substitutes

Intuit's products and services have some substitutes, but they are not very close. For example, QuickBooks has some substitutes like Xero and Zoho Books, but they are not as popular or widely used.

Bargaining Power Of Customers

Intuit's customers have low bargaining power because they are individual users or small businesses. They do not have the same level of negotiating power as larger businesses.

Bargaining Power Of Suppliers

Intuit's suppliers have low bargaining power because they are mostly small companies or individuals. They do not have the same level of negotiating power as larger companies.

Threat Of New Entrants

The threat of new entrants is low because entering the market would require significant investment in technology, marketing, and customer acquisition. Additionally, Intuit has a strong brand and customer loyalty, making it difficult for new entrants to gain traction.

Intensity Of Rivalry

The intensity of rivalry in the industry is medium because there are several players in the market, but Intuit has a strong market position and brand recognition. The competition is not extremely high, but it is still present.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 31.56%
Debt Cost 4.71%
Equity Weight 68.44%
Equity Cost 10.05%
WACC 8.37%
Leverage 46.11%

11. Quality Control: Intuit Co passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Intuit

A-Score: 5.6/10

Value: 1.0

Growth: 8.1

Quality: 8.6

Yield: 1.0

Momentum: 7.0

Volatility: 8.0

1-Year Total Return ->

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Stock-Card
Salesforce

A-Score: 5.0/10

Value: 2.3

Growth: 8.9

Quality: 8.3

Yield: 1.0

Momentum: 2.5

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
AppLovin

A-Score: 4.8/10

Value: 0.0

Growth: 9.7

Quality: 8.4

Yield: 0.0

Momentum: 9.0

Volatility: 1.7

1-Year Total Return ->

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Stock-Card
Cadence Design Systems

A-Score: 4.6/10

Value: 0.0

Growth: 7.2

Quality: 8.5

Yield: 0.0

Momentum: 6.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
ServiceNow

A-Score: 4.4/10

Value: 0.3

Growth: 9.0

Quality: 7.8

Yield: 0.0

Momentum: 3.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
FICO

A-Score: 4.2/10

Value: 2.0

Growth: 8.3

Quality: 7.4

Yield: 0.0

Momentum: 3.0

Volatility: 4.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

455.56$

Current Price

455.56$

Potential

-0.00%

Expected Cash-Flows