TLDR
- INTU Q3 revenue hits $8.6B, boosted by TurboTax and Credit Karma gains.
- TurboTax revenue rises 7% to $4.4B, while Credit Karma jumps 15% in Q3.
- Global Business Solutions revenue climbs 15%, excluding Mailchimp growth at 17%.
- GAAP EPS rises 11% to $11.09, non-GAAP EPS grows 10% to $12.80.
- Intuit raises full-year guidance, driven by AI platforms and operational scale.
Intuit Inc. (INTU) reported third-quarter fiscal 2026 revenue of $8.6 billion, rising 10% from the prior year. The stock closed at $383.93, down 3.95%, and declined further in after-hours trading to $343.42. Revenue growth was supported by gains across TurboTax, Credit Karma, and Global Business Solutions.
Strong Consumer Segment Performance
Consumer revenue reached $5.3 billion, up 8% compared with last year. TurboTax contributed $4.4 billion, reflecting a 7% increase, while Credit Karma revenue grew 15% to $631 million. ProTax revenue remained stable at $278 million, unchanged from fiscal 2025.
The company noted that TurboTax Live adoption continues to accelerate, projected to reach $2.8 billion in annual revenue. Credit Karma filers using TurboTax increased 54% year-over-year. TurboTax Online paying units rose 2%, benefiting from higher average revenue per user.
Consumer revenue growth demonstrates Intuit’s expansion in assisted tax services and broader money management offerings. The combined performance of TurboTax and Credit Karma reflects strong adoption of digital financial tools. Continued focus on user experience and platform integration drives these gains.
Growth in Global Business Solutions and Online Ecosystem
Global Business Solutions revenue grew 15%Â to $3.3 billion during the quarter. Online Ecosystem revenue expanded 19% to $2.5 billion, while excluding Mailchimp, growth reached 17% and 22%, respectively. These segments benefited from scaling mid-market business solutions and AI-enhanced workflow tools.
Operating income increased to $4.0 billion on a GAAP basis and $4.7 billion non-GAAP, both reflecting 8% growth. Non-GAAP earnings per share rose 10% to $12.80, while GAAP earnings increased 11% to $11.09. Intuit’s disciplined capital allocation, including share repurchases and dividends, supports long-term shareholder returns.
Global Business Solutions growth highlights adoption of AI-driven tools and cloud-based financial services for small and medium businesses. Online Ecosystem expansion underscores the company’s ability to monetize digital platforms efficiently. Together, these areas contribute significantly to overall revenue and profit growth.
Outlook and Market Context
Intuit raised full-year revenue guidance for fiscal 2026 following third-quarter results. The company aims to scale growth engines and maintain operational efficiency across its segments. Executives highlighted ongoing investments in AI, data analytics, and customer experience to sustain long-term growth.
TurboTax and Credit Karma remain key drivers of revenue, alongside expansion of Global Business Solutions. Intuit’s performance indicates strong momentum despite short-term market volatility. The company continues to position itself as a leading financial technology platform with robust growth prospects.
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