The financial software world is undergoing a transition to more integrated, artificial intelligence-enabled platforms. Intuit, the owner of Quickbooks, TurboTax, CreditKarma, Mailchimp, and other financial, accounting, and tax preparation software and services for consumers, small businesses and accountants, sits at the center of this transition.
Intuit (INTU) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.1 per share. This compares to earnings of $2.5 per share a year ago.
Intuit Inc (NASDAQ:INTU, XETRA:ITU) the financial technology company behind TurboTax, QuickBooks, Credit Karma, and Mailchimp, reported a strong start to fiscal 2026, surpassing Wall Street expectations across revenue and earnings. Shares of Intuit moved higher afterhours on the update, adding 3% at about $657.
INTU's new partnership with OpenAI brings real-time financial insights and actions into ChatGPT, aiming to streamline smarter money decisions.
INTU projects double-digit Q1 revenue growth, fueled by AI integration, platform synergies and strong product momentum.
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Intuit Inc (NASDAQ:INTU, XETRA:ITU) has announced a multi-year strategic partnership with OpenAI that is worth more than $100 million per year, aimed at integrating advanced generative AI models across the company's financial technology products. The agreement will deepen Intuit's use of OpenAI's frontier models, including GPT-based systems, to develop new AI-driven features for platforms such as TurboTax, Credit Karma, QuickBooks, and Mailchimp.
Intuit Inc. remains a high-quality fintech leader, well-positioned for a rebound with a Buy rating and a $740 price target (15% upside). INTU delivered strong FQ4 2025 results: 20% revenue growth, 38% EPS growth, and robust performance across diversified business segments, especially AI-powered TurboTax Live. Shareholder-friendly capital allocation continues with $2.8 billion in buybacks and a new $3.2 billion authorization, supported by a low-leverage balance sheet.
Intuit is paying OpenAI more than $100M a year for access to its artificial intelligence models that will power AI agents across TurboTax, QuickBooks, Credit Karma and Mailchimp. ChatGPT users will be able to link their Intuit accounts and act on personalized tax and financial insights inside ChatGPT.
Intuit has signed a multi-year contract worth more than $100 million with OpenAI, enabling its tax and financial apps to operate within ChatGPT and expanding the company's use of OpenAI's models across its products.
OpenAI and Intuit agreed to a partnership in which the fintech firm will deepen its use of OpenAI models and make applications available on the artificial intelligence company's ChatGPT.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Intuit (INTU), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2025.