Intuit Inc NASDAQ:INTU Price, Chart, News & Insight

NASDAQ:INTU

Intuit Stock Sinks 12% as FY2027 Growth Outlook Signals Sharp Slowdown

Intuit (NASDAQ: INTU) shares fell about 12% in premarket trading Wednesday despite reporting solid fiscal 2026 results, as investors focused on a significant slowdown in projected revenue growth for fiscal 2027 and weakness at Mailchimp and TurboTax.

Intuit finished fiscal 2026 with revenue rising 14% to $21.4 billion. GAAP operating income increased 20% to $5.9 billion, while GAAP EPS climbed 20% to $16.46. Fourth-quarter revenue also grew 14% to $4.4 billion.

Why Is INTU Stock Falling?

The primary concern appears to be the FY2027 outlook. Intuit expects total revenue of $23.28 billion to $23.51 billion, representing growth of just 9%-10%. That marks a noticeable deceleration from the 14% growth delivered in FY2026.

Several individual businesses also point to slower growth. TurboTax revenue is expected to increase only 2%-3% in FY2027, while the broader Consumer segment is projected to grow 4%-6%.

Mailchimp is an even clearer weak spot. Intuit expects Mailchimp revenue to range from a 1% decline to flat growth in FY2027. The company is also separating Mailchimp from Global Business Solutions and will report it as a standalone segment beginning this fiscal year.

Underlying TurboTax customer trends add to the caution. Total U.S. TurboTax units declined 2% in FY2026 to 39 million, including a 2% decline in online units and a 7% drop in desktop units.

AI Growth Remains a Long-Term Catalyst

There were still significant positives. Intuit said its strategic "Big Bets" grew 34% in FY2026 and generated 30% of total revenue, while management continues to position the company as an AI-driven financial platform.

QuickBooks Online Accounting revenue grew 23% for the year, Credit Karma increased 20%, and TurboTax Live jumped 37%, reaching 53% of total TurboTax revenue.

Intuit also expects strong FY2027 earnings growth, including GAAP EPS growth of 22%-24%, and increased its quarterly dividend by 15%.

Still, the 12% premarket selloff suggests investors are prioritizing the expected slowdown in top-line growth, particularly the weak Mailchimp outlook and modest TurboTax growth, over Intuit's continued margin expansion and AI-driven long-term strategy.

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Global Finance News 08-26-26

Intuit Stock Rises 3.9% as Deutsche Bank Sets $425 Price Target

Intuit (NASDAQ: INTU) shares are up about 3.9% after Deutsche Bank initiated a $425 price target on the financial software company, adding a positive analyst catalyst for the stock.

The $425 target compares with Intuit's current share price of $364.22, implying approximately 17% upside.

Intuit holds a leading position in financial technology and business software through platforms including TurboTax, QuickBooks, Credit Karma and Mailchimp. Its large base of consumers and small-business customers provides substantial recurring revenue, while the company is increasingly integrating artificial intelligence and automation across its products.

The analyst action comes as investors continue to focus on Intuit's ability to use AI to automate accounting, tax preparation and financial management. The company's established ecosystem and extensive financial data could give it a strong competitive position as AI adoption accelerates across the fintech and enterprise software sectors.

Intuit's 3.9% gain suggests the new $425 price target is contributing to positive investor sentiment, with the implied upside reinforcing expectations for continued growth in its core financial software businesses.

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Global Finance News 08-19-26

Intuit Stock Falls 2.4% as Mizuho Cuts Price Target to $430

Intuit (NASDAQ: INTU) shares fell about 2.4% on Monday after Mizuho lowered its price target on the financial software company, adding pressure to the stock despite maintaining a positive rating.

Mizuho analyst Siti Panigrahi reduced the firm’s price target on Intuit to $430 from $500 while keeping an Outperform rating. With INTU trading around $337.26 in the rating report, the revised target still implies approximately 28% upside.

The price-target reduction likely reflects a more cautious assessment of Intuit’s near-term growth and valuation rather than a fundamental change in the analyst’s longer-term investment thesis. The maintained Outperform rating suggests Mizuho continues to see attractive upside potential despite lowering its expectations.

Intuit remains a major player in financial software through platforms including QuickBooks, TurboTax, Credit Karma and Mailchimp. The company has increasingly positioned artificial intelligence as a key part of its strategy, using AI-driven tools to automate accounting, tax preparation and financial decision-making for consumers and small businesses.

Monday’s 2.4% decline indicates investors are focusing on the sizable 14% reduction in Mizuho’s price target. However, the retained Outperform rating and $430 target suggest the brokerage remains constructive on Intuit’s longer-term prospects.

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WS News 08-17-26

Intuit Expands AI-Powered Finance Tools Across QuickBooks and Enterprise Suite

Intuit (NASDAQ: INTU) is expanding its AI capabilities across QuickBooks Online Advanced and Intuit Enterprise Suite, strengthening its push into the mid-market financial software and ERP sector.

The company introduced Intuit Intelligence Chat, which allows CFOs and controllers to ask questions about financial performance, identify anomalies, generate reports and initiate workflows using natural language. The system can also recommend actions while maintaining human approval and auditability.

QuickBooks Online Advanced is adding AI-powered bookkeeping through Books Upkeep, which automatically processes high-confidence transactions and directs exceptions to users. New business intelligence tools also provide real-time KPI monitoring and conversational forecasting.

Meanwhile, Intuit Enterprise Suite is expanding further into the ERP market with AI-assisted multi-entity accounting, multi-currency support and deeper industry-specific capabilities for construction, manufacturing and nonprofits.

The expansion strengthens Intuit's position in AI-powered financial software as the company moves beyond traditional small-business accounting toward larger and more complex organizations. The new capabilities are rolling out to U.S. customers across QuickBooks Online Advanced and Intuit Enterprise Suite.

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WS Investor 08-12-26

Intuit Plunges 13% in Premarket as Massive Layoffs and Restructuring Charges Overshadow Strong Results

Intuit tumbled 13% in premarket trading today despite reporting a genuinely strong third quarter and raising full-year guidance, as investors focused almost entirely on a jarring announcement buried in the capital allocation section — a 17% reduction in its full-time workforce alongside $300 million to $340 million in restructuring charges.

The underlying financial results were hard to fault. Total revenue grew 10% to $8.6 billion. Consumer revenue rose 8% to $5.3 billion, with TurboTax up 7% to $4.4 billion and Credit Karma accelerating 15% to $631 million on strength in personal loans, auto insurance and home loans. Global Business Solutions grew 15% to $3.3 billion, with Online Ecosystem revenue up 19% and QuickBooks Online Accounting up 22%. GAAP diluted EPS rose 11% to $11.09 and non-GAAP diluted EPS grew 10% to $12.80. The company also received board approval for a new $8 billion share repurchase authorization and raised its quarterly dividend 15% to $1.20 per share.

Full-year guidance was raised across every metric, with total revenue now expected to grow 13% to 14% to approximately $21.36 billion, and non-GAAP diluted EPS growth of approximately 18% to $23.80 to $23.85.

None of that mattered to the market this morning. The workforce reduction announcement — framed as a move to simplify organizational structure and become a faster, leaner, more focused company — immediately raised questions about the nature of the restructuring. Coming from a company that has been vocal about its AI-driven expert platform strategy, the layoffs could be interpreted as AI beginning to displace human roles within Intuit itself, most notably in TurboTax Live where human experts assist customers. TurboTax Live revenue is expected to grow 36% to $2.8 billion for the full year, representing 53% of total TurboTax revenue — a business built on human expertise that may now be facing internal automation pressure.

The $300 million to $340 million in restructuring charges will largely hit Q4, depressing GAAP EPS for the quarter to just $0.73 to $0.79 despite healthy underlying business momentum.

The 13% premarket drop reflects a market unsettled by the scale and timing of the workforce reduction — a signal that even the companies building AI tools are not immune to the disruption those tools create.

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The Investor 05-21-26

Intuit Achieves FedNow Certification to Enable Instant Payments

Intuit Inc. announced it has completed certification for the Federal Reserve’s FedNow Service, allowing it to expand real-time payment capabilities for businesses.

The integration enables instant money movement across Intuit’s platform, helping small and mid-sized businesses get paid faster, manage cash flow more efficiently, and access funds immediately. Key features include instantly payable invoices, real-time payroll, and on-demand bill payments.

By connecting to FedNow, Intuit can partner with financial institutions to process instant transactions, reducing reliance on slower traditional systems such as ACH.

The company said the move supports its broader strategy to unify payments, payroll, and banking services, improving financial decision-making and operational efficiency for its customers.
Business Wire

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WS Investor 04-09-26

SaaSpocalypse Revisited: Three Fears, Three Answers

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Global Finance News 04-08-26

Intuit Inc. reported second-quarter fiscal 2026 revenue of $4.7 billion, up 17% year over year, and reiterated its full-year guidance, citing strong momentum across its AI-driven platforms.

GAAP operating income rose 44% to $855 million, while non-GAAP operating income increased 23% to $1.5 billion. GAAP diluted earnings per share climbed 49% to $2.48, and non-GAAP EPS grew 25% to $4.15. Global Business Solutions revenue rose 18% to $3.2 billion, with Online Ecosystem revenue up 21%. Consumer revenue increased 15% to $1.5 billion, driven by 23% growth at Credit Karma and 12% growth at TurboTax.

Intuit repurchased $961 million of stock during the quarter and raised its quarterly dividend 15% to $1.20 per share. The company reaffirmed full-year fiscal 2026 revenue guidance of $20.997 billion to $21.186 billion, representing growth of approximately 12% to 13%, alongside double-digit earnings growth expectations.

Source: Intuit Inc, Business Wire, February 26, 2026.

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Global Finance News 02-28-26

Intuit (Nasdaq: INTU) has entered a multi-year partnership with Anthropic to integrate Claude AI into its financial technology platform, enabling mid-market businesses to build secure, industry-specific AI agents and bringing Intuit’s financial expertise directly into Anthropic’s products.

Through integration of Anthropic’s Claude Agent SDK, businesses will be able to create customized AI agents on the Intuit platform tailored to their workflows, compliance needs and industry requirements. These agents can combine third-party operational data with Intuit financial data to automate insights, flag risks and support decision-making.

Intuit’s tax, accounting, finance and marketing capabilities — spanning TurboTax, Credit Karma, QuickBooks and Mailchimp — will also be accessible within Anthropic products including Claude*ai, Cowork and Claude for Enterprise. The companies said the collaboration will deliver personalized financial intelligence across both ecosystems.

In addition, Intuit will deploy Claude Code across its engineering organization to accelerate product development. The new AI-powered experiences are expected to begin rolling out in spring 2026.

Source: Business Wire, February 24, 2026.

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Global Finance News 02-24-26

Intuit (Nasdaq: INTU) announced a new campaign with Uber Advertising to support the expansion of TurboTax’s Human Intelligence (HI) service model, offering eligible customers a free Uber ride—up to $25—to one of nearly 600 TurboTax Expert Offices or 20 new retail stores.

The initiative is designed to promote TurboTax’s hybrid “done-for-you” tax experience, where Agentic AI automates data entry for most standard tax forms while local tax experts handle personalization and complex scenarios. The company says the model reduces friction by combining digital tools with in-person expertise in newly designed, stress-reducing retail locations.

To drive adoption, new or returning filers who did not use TurboTax Expert Full Service last year can access Expert Full Service (Federal and State) for a flat fee of $150 if they file by March 18, 2026.

The Uber ride offer is available in select U.S. markets through April 15, subject to promotional limits and conditions.

Source: Business Wire.

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WS Investor 02-19-26

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