Intuit (INTU) Q2 2026 earnings summary

Executive summary

• Q2 FY26 revenue grew 17% year-over-year to $4.7 billion, with strong execution across AI, human intelligence initiatives, and robust performance in core business segments.

• Revenue for the first six months of FY26 was $8.54B, up 18% year-over-year, with Global Business Solutions (GBS) contributing 72% and Consumer 28% of total net revenue.

• Operating income rose 44% in Q2 to $855 million (GAAP), and net income increased 47% to $693 million; diluted EPS was $2.48 (GAAP), up 49% year-over-year.

• Strategic focus remains on AI/HI integration, customer engagement, ARPC growth, and margin expansion, with nearly 100 million customers leveraging the platform.

• Segment reporting was revised, combining Consumer, Credit Karma, and ProTax into a single Consumer business effective August 1, 2025.

Financial highlights

• Q2 FY26 total revenue reached $4.65B, up 17% year-over-year; GAAP operating income was $855M, non-GAAP operating income $1.5B.

• GAAP diluted EPS for Q2 FY26 was $2.48; non-GAAP diluted EPS was $4.15.

• Consumer platform revenue grew 15%, with Credit Karma up 23%, TurboTax up 12%, and ProTax up 7%.

• Global Business Solutions revenue grew 18% to $3.2B; Online Ecosystem revenue up 21% to $2.5B.

• Cash, cash equivalents, and investments totaled $3.0B at January 31, 2026; debt stood at $6.2B.

Outlook and guidance

• FY26 revenue guidance reaffirmed at $20.997–$21.186 billion, representing 12–13% growth.

• GAAP EPS guidance: $15.49–$15.69 (13–15% growth); non-GAAP EPS: $22.98–$23.18 (14–15% growth).

• Global Business Solutions Group revenue expected to grow 14–15%; Consumer Group revenue to grow 8–9%.

• TurboTax revenue projected to grow 8%, Credit Karma 10–13%, and ProTax 2–3% for the year.

• Q3 FY26 revenue growth expected at ~10%; GAAP diluted EPS $10.56–$10.62.