Intuit reported a strong Q1 FY26 with 18% revenue growth and raised EPS guidance, driven by AI agents, mid-market momentum (40% growth in IES/QBO Advanced), and robust Credit Karma growth. Management expressed confidence in the upcoming tax season, supported by new local office expansion and the newly announced OpenAI partnership. Q1 revenue grew 18% to $3.9B, with non-GAAP EPS of $3.34, beating expectations.
Intuit reported a strong Q1 FY26 with 18% revenue growth and raised EPS guidance, driven by AI agents, mid-market momentum (40% growth in IES/QBO Advanced), and robust Credit Karma growth. Management expressed confidence in the upcoming tax season, supported by new local office expansion and the newly announced OpenAI partnership. Q1 revenue grew 18% to $3.9B, with non-GAAP EPS of $3.34, beating expectations.
Intuit reported a strong Q1 FY26 with 18% revenue growth and raised EPS guidance, driven by AI agents, mid-market momentum (40% growth in IES/QBO Advanced), and robust Credit Karma growth. Management expressed confidence in the upcoming tax season, supported by new local office…
Management emphasized their AI-driven expert platform strategy, highlighting widespread adoption of AI agents (2.8 million customers) that save time and accelerate payments, and the upcoming launch of Intuit Intelligence. They also announced a strategic partnership with OpenAI…
AI agents onboarding 2.8M customers; accounting agent saves 12 hrs/month, payments agent accelerates payments by 5 days.
Mid-market online ecosystem revenue grew ~40% for QBO Advanced and Intuit Enterprise Suite.
Management emphasized their AI-driven expert platform strategy, highlighting widespread adoption of AI agents (2.8 million customers) that save time and accelerate payments, and the upcoming launch of Intuit Intelligence. They also announced a strategic partnership with OpenAI to integrate Intuit apps within ChatGPT, which they expect to accelerate customer growth without revenue share, while main
Management reaffirmed fiscal 2026 guidance while reporting strong Q1 results (18% revenue growth, 34% EPS growth), indicating confidence in continued strong execution and momentum.
Management repeatedly expressed high confidence in their strategy and innovation pipeline, citing strong results, unprecedented momentum, and a positive outlook for upcoming tax season and mid-market expansion.
“Our accounting agent is saving customers up to 12 hours a month, and our payments agent helps customers get paid on average five days faster.”
“The combination of AI and HI is resonating, with QuickBooks Live customer growth of 61% in Q1.”
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| EPS | FY2026 | $22.98–$23.18 | $23.08 | MAINTAINED |
| EPS | FY2026 Q2 | $3.63–$3.68 | $3.66 | GUIDED |
| Revenue | FY2026 | $20.997B–$21.186B | $21.0915B | MAINTAINED |
| Revenue | FY2026 Q2 | 14%–15% | 14.5% | GUIDED |
| RevenueGBSG | FY2026 | 14%–15% | 14.5% | GUIDED |
| RevenueCONSUMER | FY2026 | 8%–9% | 8.5% | GUIDED |
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