Cost-conscious customers giving up on TurboTax sent Intuit shares sliding in early Wednesday trade.
Intuit delivered strong Q4 results, beating analyst expectations on revenue and adjusted EPS, yet shares dropped 10.2% on slower FY2027 growth guidance. INTU's core segments—QuickBooks, online services, and Credit Karma—showed robust growth, with notable gains in mid-market and lending volumes. Despite decelerating growth in TurboTax and Credit Karma, management projects FY2027 EPS growth of 20.6% and maintains attractive valuation multiples.
Intuit Inc (NASDAQ:INTU, XETRA:ITU), the US financial software company behind TurboTax, QuickBooks, Credit Karma and Mailchimp, beat expectations for its fourth quarter and then watched its shares fall sharply in extended trading. The stock dropped $36.58, or 10.23%, to $320.88 after hours, having already closed the regular session down 3.37% at $357.46.
Businesses and accountants are deploying the artificial intelligence-powered tools offered as part of Intuit Intelligence, Intuit Chairman and CEO Sasan Goodarzi said Tuesday (Aug. 25) during an earnings call.
Intuit Inc. (INTU) Q4 2026 Earnings Call Transcript
Intuit NASDAQ: INTU reported fiscal 2026 revenue growth of 14% and said it is shifting investment and execution in fiscal 2027 toward acquiring more new customers, after results showed slower growth in parts of its QuickBooks and TurboTax businesses.
While the top- and bottom-line numbers for Intuit (INTU) give a sense of how the business performed in the quarter ended July 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Intuit (INTU) came out with quarterly earnings of $4.03 per share, beating the Zacks Consensus Estimate of $3.59 per share. This compares to earnings of $2.75 per share a year ago.
The company said it expects revenue to increase 9% to 10% for fiscal 2027, slowing from 14% this year, as it recorded a lower profit in its latest quarter.
INTU set for Q4 growth as revenues and EPS rise on strong QuickBooks, Credit Karma and AI momentum.
INTU is turning its Consumer business into a year-round financial platform, using TurboTax and Credit Karma to deepen engagement and lift monetization.
INTU heads into Q4 earnings with TurboTax Live, Credit Karma and QuickBooks momentum in focus, as investors weigh growth against expectations.