Intuit reported a fourth-quarter earnings miss mainly caused by a new accounting rule that includes share-based compensation in adjusted earnings, which previously was excluded. This change accounts for most of the apparent profit drop, but the company’s revenue growth outlook is genuinely slowing, with expected growth of 9-10% down from 14% last year. Customer growth is modest, and some product lines like TurboTax and Mailchimp are expected to decline or remain flat. Investors reacted negatively due to concerns about slower growth and broader industry fears around generative AI reducing subscription demand, despite Intuit’s strong cash position and stock buyback plans.
Intuit reported a strong fourth quarter with revenue up 14% to $4.35 billion, but its fiscal 2027 revenue guidance fell short of Wall Street estimates, projecting $23.279 billion to $23.512 billion. The company expects slower growth in key products l...
Intuit's stock dropped 12% following a fiscal 2027 revenue growth forecast of 9-10%, below expectations and signaling AI-driven disruption risks to its TurboTax and QuickBooks businesses. Despite strong Q4 FY2026 results, the market reacted negativel...
Intuit reported fiscal Q4 earnings and revenue above analyst expectations, with adjusted EPS of $4.03 beating the consensus of $3.59 and revenue rising 14% year-over-year to $4.35 billion. About 75% of its Enterprise Suite customers now use Intuit's ...
Intuit reported strong Q4 results, surpassing analyst expectations in revenue and adjusted EPS, driven by growth in QuickBooks, online services, and Credit Karma. Despite this, shares dropped 10.2% due to a slower growth outlook for fiscal year 2027,...
Intuit reports that 75% of its enterprise customers deploy AI agents monthly through its Intuit Intelligence platform, which automates financial tasks and improves efficiency by reducing manual work by 30%. The company's Global Business Solutions rev...
