Intuit raises FY26 guidance as Q3 revenue rises 10% to $8.6 billion
Intuit Inc. reported a 10% increase in third-quarter revenue to $8.6 billion, driven by growth in its AI-driven expert platform strategy. The company raised its full-year fiscal 2026 revenue guidance to 13-14% and announced a 17% reduction in its workforce to streamline operations. Key growth areas included Assisted Tax, Money Portfolio, and Mid Market segments, which grew over 30%.
*this image is generated using AI for illustrative purposes only.
Intuit Inc. reported a 10% increase in third-quarter revenue to $8.6 billion, driven by significant progress in its AI-driven expert platform strategy. The company raised its full-year fiscal 2026 revenue guidance to 13-14% and announced a 17% reduction in its workforce to streamline operations and focus on profitability. The financial results were disclosed in a filing detailing the third-quarter earnings call for fiscal year 2026.
Financial Performance
The company reported GAAP operating income of $4 billion, compared to $3.7 billion in the prior year, while non-GAAP operating income rose to $4.7 billion from $4.3 billion. GAAP diluted earnings per share increased to $11.09 from $10.02, and non-GAAP diluted earnings per share grew to $12.80 from $11.65. Intuit's Board of Directors approved a quarterly dividend of $1.20 per share, payable on July 17, 2026, representing a 15% increase over the previous year.
Segment Growth and Strategy
Growth was led by the Global Business Solutions Group, where revenue increased 15% overall and 17% excluding Mailchimp. The online ecosystem revenue grew 19%, with QBO Advanced and Intuit Enterprise suite revenues rising approximately 38%. The Consumer Group revenue grew 8%, supported by TurboTax growing 7% and Credit Karma growing 15%. Key growth engines, including Assisted Tax, Money Portfolio, and Mid Market, all grew north of 30%.
Restructuring and Guidance
Intuit announced a 17% reduction in its full-time workforce to simplify its organizational structure and become a faster, leaner company. The company raised its total company revenue guidance to the range of $21.341 billion to $21.374 billion. For the full fiscal year, Intuit expects GAAP diluted earnings per share growth of approximately 16% to a range of $15.79 to $15.84, and non-GAAP diluted earnings per share growth of approximately 18% to a range of $23.80 to $23.85.
| Metric | Q3 FY26 Value | Prior Year Value | Growth |
|---|---|---|---|
| Revenue | $8.6 billion | $7.8 billion | 10% |
| GAAP Operating Income | $4 billion | $3.7 billion | 8% |
| Non-GAAP Operating Income | $4.7 billion | $4.3 billion | 9% |
| GAAP Diluted EPS | $11.09 | $10.02 | 11% |
| Non-GAAP Diluted EPS | $12.80 | $11.65 | 10% |
How will the 17% workforce reduction impact Intuit's ability to maintain its current innovation pace in AI development?
What specific market segments is Intuit targeting with its streamlined organizational structure following the layoffs?
Will the raised revenue guidance for fiscal 2026 be sustainable given the operational cost savings from the workforce reduction?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
