Intuit (INTU) has experienced a more than 50% decline in its stock price year-to-date, yet it continues to show double-digit growth and has recently raised its financial outlook. The company trades at relatively low price-to-earnings ratios for fiscal years 2026 and 2027 compared to its large-cap software peers, suggesting potential for sector re-rating as concerns about a SaaS downturn seem exaggerated. Intuit is reducing its workforce by 17% to improve margins and reduce stock-based compensation dilution, positioning itself for margin improvements in FY27. Despite challenges with TurboTax, its enterprise and payments segments are performing well, supported by strong capital returns including an $8 billion share buyback and a 1.7% dividend yield.
Intuit reported strong third-quarter results and raised its full-year 2026 guidance, despite recent market volatility and concerns about AI disruption. The company announced a 17% reduction in its workforce while increasing shareholder returns, signa...
Intuit is under investigation for potential securities fraud related to misleading statements about TurboTax's pricing strategy for the 2026 tax season. The company claimed it was offering the lowest prices to DIY tax filers, but later admitted it lo...
