Press release
Intuit Reports Strong First-Quarter Results and Reiterates Full-Year Guidance
Global Business Solutions Online Ecosystem Revenue Grew 21 percent; Consumer Revenue Grew 21 percent MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc.
About this update from Intuit Inc.
[{"type":"text","content":"\nGlobal Business Solutions Online Ecosystem Revenue Grew 21 percent; Consumer Revenue Grew 21 percent \n\n\n MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nIntuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial results for the first quarter of fiscal 2026, which ended October 31.\n\n\n\"We delivered an exceptional first quarter as we continue to execute on our AI-driven expert platform strategy. 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,\" said Sasan Goodarzi, Intuit's chief executive officer. \"We launched significant done-for-you innovations across our platform that are helping businesses manage from lead to cash, and consumers manage credit building to wealth building, all in one place.\"\n\n\nFinancial Highlights\n\n\nFor the first quarter, Intuit:\n\n\n\nGrew total revenue to $3.9 billion, up 18 percent.\n\n\n\nIncreased Global Business Solutions revenue to $3.0 billion, up 18 percent; grew Online Ecosystem revenue to $2.4 billion, up 21 percent. Excluding Mailchimp, Global Business Solutions revenue grew 20 percent, and Online Ecosystem revenue grew 25 percent.\n\n\n\nGrew Consumer revenue to $894 million, up 21 percent.\n\n\n\nIncreased GAAP operating income to $534 million, up 97 percent.\n\n\n\nGrew non-GAAP operating income to $1.3 billion, up 32 percent.\n\n\n\nIncreased GAAP diluted earnings per share to $1.59, up 127 percent.\n\n\n\nGrew non-GAAP diluted earnings per share to $3.34, up 34 percent.\n\n\n\nUnless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period, and the business metrics and associated growth rates refer to worldwide business metrics.\n\n\nSnapshot of First-quarter Results\n\n\n\n\n \n\n\n\n\n\n\nGAAP\n\n\n\n\n\n\nNon-GAAP\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ1\n\n\n\n\nFY26\n\n\n\n\n\n\nQ1\n\n\n\n\nFY25\n\n\n\n\n\n\nChange\n\n\n\n\n\n\nQ1\n\n\n\n\nFY26\n\n\n\n\n\n\nQ1\n\n\n\n\nFY25\n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$3,885\n\n\n\n\n\n\n$3,283\n\n\n\n\n\n\n18%\n\n\n\n\n\n\n$3,885\n\n\n\n\n\n\n$3,283\n\n\n\n\n\n\n18%\n\n\n\n\n\n\n\n\nOperating Income\n\n\n\n\n\n\n$534\n\n\n\n\n\n\n$271\n\n\n\n...