Intuit reported a strong first quarter of fiscal 2026, driven by its AI-driven expert platform strategy and significant innovation across its product suite, leading to robust revenue growth and increased profitability.
Total revenue grew 18% to $3.9 billion.
positiveGlobal Business Solutions revenue increased 18% to $3.0 billion, with Online Ecosystem revenue up 21% to $2.4 billion.
positiveConsumer revenue grew 21% to $894 million.
positiveGAAP diluted earnings per share increased 127% to $1.59.
positiveNon-GAAP diluted earnings per share grew 34% to $3.34.
positiveExcluding Mailchimp, Global Business Solutions revenue grew 20% and Online Ecosystem revenue grew 25%, indicating Mailchimp's performance may be a drag on overall segment growth.
attentionTotal international online revenue grew 9% on a constant currency basis, suggesting potential FX headwinds impacting reported growth.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Global Business Solutions | $3000000.0B | — | — | 77.0% |
Consumer | $894000.0B | — | — | 23.0% |
| Total Revenue | $3894000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Intuit is creating a system of intelligence, leveraging data, data services, AI, and human intelligence to fuel the success of consumers, small and mid-market businesses, and accountants.
Launched significant done-for-you innovations across the platform to help businesses manage from lead to cash, and consumers manage credit building to wealth building.
Confident in delivering double-digit revenue growth and expanding margin this year.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.