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In the latest trading session, Intuit (INTU - Free Report) closed at $343.39, marking a -3.24% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.52%. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.

The stock of maker of TurboTax, QuickBooks and other accounting software has risen by 28.06% in the past month, leading the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.

Analysts and investors alike will be keeping a close eye on the performance of Intuit in its upcoming earnings disclosure. The company is expected to report EPS of $2.47, down 26.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.3 billion, up 10.81% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $23.5 per share and a revenue of $23.39 billion, demonstrating changes of -3.17% and +9.07%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.03% upward. Intuit is currently sporting a Zacks Rank of #2 (Buy).

In terms of valuation, Intuit is currently trading at a Forward P/E ratio of 15.1. For comparison, its industry has an average Forward P/E of 17.66, which means Intuit is trading at a discount to the group.

Also, we should mention that INTU has a PEG ratio of 1.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer - Software industry was having an average PEG ratio of 1.49.

The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 55, finds itself in the top 23% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow INTU in the coming trading sessions, be sure to utilize Zacks.com.

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Frank Rimerman Advisors LLC grew its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 94.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,451 shares of the software maker’s stock after buying an additional 2,158 shares during the period. Frank Rimerman Advisors LLC’s holdings in Intuit were worth $1,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Intuit in the 2nd quarter worth about $6,851,859,000. Arrowstreet Capital Limited Partnership raised its stake in Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after acquiring an additional 1,972,719 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after acquiring an additional 215,814 shares during the period. Unisphere Establishment raised its stake in Intuit by 6.5% in the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock valued at $782,608,000 after acquiring an additional 110,000 shares during the period. Finally, Amundi raised its stake in Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after acquiring an additional 484,602 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity In related news, CAO Lauren D. Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth Several equities research analysts have commented on the stock. Evercore reaffirmed an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Barclays reduced their target price on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $385.00 price target on shares of Intuit in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $431.55. Get Our Latest Research Report on Intuit

Key Stories Impacting Intuit Here are the key news stories impacting Intuit this week:

Positive Sentiment: Sequence acquisition expands AI and mid-market capabilities. Intuit agreed to acquire Sequence, a Series A company whose platform automates complex quote-to-revenue workflows, including pricing, contracts, invoicing, collections and revenue recognition. Investors viewed the transaction as a strategic expansion of Intuit Enterprise Suite and QuickBooks Online Advanced into larger and more sophisticated businesses. Financial terms were not disclosed. Intuit to Acquire AI-Native Revenue Management Platform Sequence Positive Sentiment: Intuit Intelligence is now available internationally. The wider rollout of Intuit’s AI platform across international markets could increase adoption of its unified ecosystem, including QuickBooks, TurboTax, Credit Karma, Mailchimp and Intuit Enterprise Suite. The announcement reinforces management’s broader effort to use AI to drive customer productivity and cross-selling. Intuit Intelligence Now Available Internationally Positive Sentiment: Fundamentals provide support. Intuit’s latest reported quarter exceeded revenue and earnings expectations, with revenue increasing 13.7% year over year. The company also issued fiscal 2027 EPS guidance of $22.88–$23.12, helping underpin the longer-term growth narrative. Neutral Sentiment: Investor attention is high, but the Zacks reports add little new information. Multiple articles primarily note that INTU is among the most-searched stocks, suggesting elevated interest following the Sequence announcement rather than identifying a separate fundamental catalyst. Intuit Is Attracting Investor Attention Negative Sentiment: Volatility and mixed ownership signals remain risks. The stock has suffered a substantial 12-month decline, while reported institutional activity shows both large purchases and sizable reductions. Recent insider trading has also been weighted toward sales, potentially limiting enthusiasm after the acquisition-driven rally. Intuit Price Performance Shares of NASDAQ:INTU opened at $325.15 on Monday. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $689.17. The firm has a fifty day moving average of $321.16 and a 200 day moving average of $327.91. The firm has a market capitalization of $86.89 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU – Get Free Report) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts anticipate that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were given a dividend of $1.38 per share. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Intuit’s dividend payout ratio is currently 33.45%.

Intuit Profile (Free Report)

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

Further Reading Five stocks we like better than Intuit These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom

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Cyndeo Wealth Partners LLC lessened its stake in Intuit Inc. (NASDAQ:INTU – Free Report) by 88.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,061 shares of the software maker’s stock after selling 7,913 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Intuit were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTU. Fiduciary Financial Advisors purchased a new stake in shares of Intuit during the second quarter valued at about $25,000. Sankala Group LLC purchased a new position in shares of Intuit in the 4th quarter worth approximately $40,000. Whipplewood Advisors LLC purchased a new position in shares of Intuit in the 1st quarter worth approximately $30,000. HHM Wealth Advisors LLC grew its position in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the last quarter. Finally, CrossGen Wealth LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In INTU has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $605.00 to $331.00 in a research report on Wednesday, August 26th. Citigroup lowered their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a report on Friday, September 18th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. Finally, Wolfe Research lowered Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Hold” and a consensus price target of $431.55.

View Our Latest Stock Report on Intuit Intuit Price Performance Shares of NASDAQ INTU opened at $325.15 on Monday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $689.17. The company has a market cap of $86.89 billion, a PE ratio of 19.71, a P/E/G ratio of 0.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The business has a 50-day simple moving average of $321.16 and a two-hundred day simple moving average of $327.91.

Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts expect that Intuit Inc. will post 23.02 EPS for the current fiscal year.

Intuit Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Trending Headlines about Intuit Here are the key news stories impacting Intuit this week:

Positive Sentiment: Sequence acquisition expands AI and mid-market capabilities. Intuit agreed to acquire Sequence, a Series A company whose platform automates complex quote-to-revenue workflows, including pricing, contracts, invoicing, collections and revenue recognition. Investors viewed the transaction as a strategic expansion of Intuit Enterprise Suite and QuickBooks Online Advanced into larger and more sophisticated businesses. Financial terms were not disclosed. Intuit to Acquire AI-Native Revenue Management Platform Sequence Positive Sentiment: Intuit Intelligence is now available internationally. The wider rollout of Intuit’s AI platform across international markets could increase adoption of its unified ecosystem, including QuickBooks, TurboTax, Credit Karma, Mailchimp and Intuit Enterprise Suite. The announcement reinforces management’s broader effort to use AI to drive customer productivity and cross-selling. Intuit Intelligence Now Available Internationally Positive Sentiment: Fundamentals provide support. Intuit’s latest reported quarter exceeded revenue and earnings expectations, with revenue increasing 13.7% year over year. The company also issued fiscal 2027 EPS guidance of $22.88–$23.12, helping underpin the longer-term growth narrative. Neutral Sentiment: Investor attention is high, but the Zacks reports add little new information. Multiple articles primarily note that INTU is among the most-searched stocks, suggesting elevated interest following the Sequence announcement rather than identifying a separate fundamental catalyst. Intuit Is Attracting Investor Attention Negative Sentiment: Volatility and mixed ownership signals remain risks. The stock has suffered a substantial 12-month decline, while reported institutional activity shows both large purchases and sizable reductions. Recent insider trading has also been weighted toward sales, potentially limiting enthusiasm after the acquisition-driven rally. Insider Buying and Selling In other Intuit news, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

About Intuit (Free Report)

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.

Featured Stories Five stocks we like better than Intuit These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.

Intuit Inc. (NASDAQ:INTU) stock is trading higher by more than 6% on Thursday after the company announced to acquire Sequence, an AI-native revenue management platform.

The acquisition expands Intuit’s revenue management offerings for mid-market businesses.

• Intuit stock is charging ahead with explosive momentum. Why is INTU stock surging?

AI-native ERP Expands for IntuitFounded in 2021, Sequence leverages AI to help B2B finance and commercial teams automate the full quote-to-revenue lifecycle, including deal configuration and pricing, billing, invoicing, collections, and revenue recognition.

The acquisition will strengthen the capabilities of Intuit’s Intuit Enterprise Suite, a resource planning and consolidation platform, and QuickBooks Online Advanced, its cloud-based accounting platform.

The acquisition will also expand Intuit’s reach to sectors, including B2B software, professional services, construction, healthcare, and manufacturing.

Sequence co-founder and CEO Riya Grover highlighted the growing need for revenue management automation as business complexity grows with usage-based and hybrid pricing revenue models.

Ashley Still, executive vice president and general manager, Small Business & Mid-Market Group at Intuit, said the acquisition further extends Intuit Enterprise Suite directly into industries that increasingly leverage AI consumption models and is a meaningful step forward for the company to deliver AI-native ERP for complex businesses.

Following the acquisition, Grover and the Sequence team will join Intuit’s Mid-Market product organization.

Intuit held $4.7 billion in cash and cash equivalents and had total debt of $7.7 billion as of July 31.

Financial terms of the deal were not disclosed.

Intuit Reiterates First Quarter and Full Year Fiscal 2027 GuidanceIntuit reiterated its financial guidance for the first quarter and full year fiscal 2027 in conjunction with its Investor Day on Sept. 17. 

Intuit expects fiscal 2027 revenue to be between $23.279 billion and $23.512 billion, representing 9% to 10% growth.

GAAP EPS is projected at $20.12 to $20.36, while adjusted EPS is expected at $22.88 to $23.12, compared with the analyst consensus estimate of $24.04.

The company expects first-quarter fiscal 2027 revenues between $4.29 billion to $4.31 billion and adjusted EPS at $2.44 to $2.48.

Analyst OutlookThe stock carries a Buy rating with an average price forecast of $378. Recent analyst moves include:

RBC Capital: Outperform (Maintains target to $385 on Oct. 2) Evercore ISI Group: Outperform (Maintains target to $400 on Sept. 18) Mizuho: Outperform (Maintains target to $430 on Sept. 18) INTU Price Action: Intuit shares were up 6.04% at $329.20 at the time of publication on Thursday, according to Benzinga Pro data.

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Key Takeaways Intuit's Mailchimp revenues fell 1% to $1.3 billion in fiscal 2026, with growth expected to remain weak.Mailchimp's operating margin expanded 4.9 percentage points to 47.5%, while operating income rose 10%.INTU focuses on retention, value-based pricing and cross-selling, with separate FY27 reporting for Mailchimp. Intuit (INTU - Free Report) is working to stabilize Mailchimp amid weak revenue growth and rising customer churn. Mailchimp’s fiscal 2026 revenues declined 1% year over year to $1.3 billion, contrasting with Intuit’s overall revenue growth of 14%. The outlook remains challenging, with management expecting Mailchimp’s fiscal 2027 revenues to range between $1.256 billion and $1.266 billion, indicating a decline of 1% to flat growth.

Despite these challenges, Mailchimp is making progress on profitability. Its fiscal 2026 operating margin expanded 4.9 percentage points to 47.5%, while operating income increased 10% to $604 million. These improvements reflect better cost discipline, although sustained profitability gains alone may not be enough to revive revenue growth.

High-value, sales-assisted mid-market bookings’ monthly recurring revenues grew 9% year over year in fiscal 2026. Paid SMS customers increased 35%, while average spending among SMS customers was 11% higher. Active high-value customer dollar churn also improved 1% year over year, suggesting progress in retaining valuable customers.

Intuit is strengthening accountability by managing Mailchimp as a separate operating segment from August 2026, with independent reporting beginning in fiscal 2027. Management is prioritizing customer retention, value-based pricing, cross-selling and disciplined spending to improve monetization and profitability. However, higher effective prices are expected to offset increased customer churn, highlighting the challenges facing its growth strategy.

Margin expansion, SMS adoption and improving high-value customer retention provide encouraging signs, but the near-term revenue outlook remains subdued for Mailchimp. Sustained customer retention and stronger bookings conversion will be essential for Mailchimp to return to meaningful growth and contribute more significantly to Intuit’s performance.

How Are INTU’s Competitors Faring?Klaviyo (KVYO - Free Report) provides AI-powered marketing automation and customer relationship management solutions, helping businesses deliver personalized customer experiences through email, SMS and other digital channels. In the second quarter of 2026, revenues increased 26% year over year to $370.6 million. The company raised its full-year revenue guidance to $1.526-$1.534 billion.

Braze (BRZE - Free Report) offers a customer engagement platform that enables businesses to deliver personalized, cross-channel marketing campaigns through mobile apps, email and other digital channels. In the second quarter of fiscal 2027, revenues grew 26.2% year over year to $227.2 million, supported by new customer additions, upselling and renewals.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have gained 8.3% over the past three months, underperforming the broader industry but outperforming the S&P 500 composite.

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.43X, which is at a discount to the industry average of 6.43X.

Image Source: Zacks Investment Research

Intuit’s estimate revisions reflect a negative trend. The Zacks Consensus Estimate for fiscal 2027 EPS has been revised downward 15.8% to $23.49 over the past two months. The consensus estimate for 2027 calls for negative 3.2% growth year over year.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Intuit's Accountant Suite had more than 150,000 accountants on the platform in fiscal 2026.Accountant-driven IES deals rose fivefold from the first to fourth quarter of fiscal 2026.Monetization remains key as Intuit seeks paying users, cross-selling and stronger revenue growth. Intuit (INTU - Free Report) is expanding its reach among accounting professionals with Accountant Suite, an AI-powered platform designed to help firms manage clients, teams and workflows through a unified system. The platform combines practice management, portfolio-wide insights, bookkeeping and tax workflows while using AI to automate repetitive tasks.

Adoption is showing early promise. More than 150,000 accountants were on the platform in fiscal 2026, while users reported spending about 30% more time on advisory work. Intuit also said 85% of users reported streamlined operations through a single platform.

The bigger opportunity could come from Accountant Suite's ability to strengthen Intuit's broader ecosystem. Accountants influence technology decisions for businesses, and Intuit estimates that more than 65% of QuickBooks Online users work with accountants. The company also reported a fivefold increase in accountant-driven new Intuit Enterprise Suite (IES) deals between the first and fourth quarters of fiscal 2026, with accountants accounting for 25% of new IES deals during the year.

Intuit's broader business provides a supportive backdrop. Fiscal 2026 revenues rose 14% to $21.45 billion, while Online Ecosystem revenues increased 19% to $9.9 billion. Still, investors will need to monitor whether Accountant Suite adoption translates into paying users, higher cross-selling, additional mid-market customers and stronger revenue growth.

Accountant Suite could become an important growth channel for Intuit by connecting accounting firms more closely with its business ecosystem. Yet monetization remains an important factor to watch as adoption expands.

How Are Intuit’s Competitors Faring?Sage Group (SGPYY - Free Report) reported revenues of £699 million in the third quarter of 2026, up 12% year over year. Growth was supported by Sage Business Cloud, including increasing adoption of Sage Intacct and AI-powered solutions. The company continues to expand its cloud-based offerings for small and mid-sized businesses.

BlackLine (BL - Free Report) reported second-quarter 2026 revenues of $187.8 million, up 9.2% year over year. GAAP operating margin improved to 5.9% from 4.4%, supported by its expanding financial automation platform and increasing adoption of AI capabilities.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have gained 8.7% over the past three months, underperforming the broader industry and outperforming the S&P 500 composite.

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.33X, which is at a discount to the industry average of 6.38X.

Image Source: Zacks Investment Research

Intuit’s estimate revisions reflect a negative trend. The Zacks Consensus Estimate for fiscal 2027 EPS has been revised downward 15.8% to $23.49 over the past two months. The consensus estimate for 2027 calls for negative 3.2% growth year over year.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the latest trading session, Intuit (INTU - Free Report) closed at $279.84, marking a -1.04% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.

The maker of TurboTax, QuickBooks and other accounting software's stock has dropped by 17.87% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.

The upcoming earnings release of Intuit will be of great interest to investors. The company's upcoming EPS is projected at $2.46, signifying a 26.35% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.3 billion, up 10.8% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $23.49 per share and revenue of $23.39 billion, which would represent changes of -3.21% and +9.06%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Intuit. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.04% lower within the past month. Intuit is currently a Zacks Rank #3 (Hold).

Looking at valuation, Intuit is presently trading at a Forward P/E ratio of 12.04. This valuation marks a discount compared to its industry average Forward P/E of 15.71.

We can additionally observe that INTU currently boasts a PEG ratio of 0.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 1.45 as of yesterday's close.

The Computer - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 250 industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Key Takeaways Intuit is prioritizing new customer growth after additions slowed in key parts of the business.QuickBooks Free and Lite aim to attract entrepreneurs earlier and monetize them as their needs expand.Intuit expects fiscal 2027 revenue growth of 9%-10% as it spends more on acquisition and adjusts pricing. Intuit Inc.’s (INTU - Free Report) fiscal 2027 playbook is shifting toward bringing more customers into its ecosystem. After years of leaning on pricing, upgrades and higher-value services, management is putting more focus on bringing new users into QuickBooks and TurboTax. The swing follows a year when customer additions slowed in important parts of the business.

On the business side, Intuit is widening the entry point with QuickBooks Free and QuickBooks Lite. The idea is to reach entrepreneurs earlier, lower the barrier to entry and build the relationship as their needs expand. Intuit can then monetize those users through payments, payroll, financing and higher-tier accounting products over time.

This matters because Intuit has already shown it can deepen relationships once customers are on the platform. Mid-market revenues grew 39% in fiscal 2026, while business money revenues rose 31%. The next challenge is to rely less on upgrades from existing users and bring more new businesses directly into the franchise.

TurboTax is getting a similar reset. Intuit said that it lost quality DIY customers to lower-cost providers, with price becoming the main reason customers leave. In response, the company plans to sharpen pricing, widen distribution and use AI to simplify filing, even if that means lower revenue per DIY customer initially.

This creates a near-term trade-off. Intuit expects fiscal 2027 revenue growth of 9%-10%, down from 14% in fiscal 2026, as it spends more on customer acquisition and adjusts pricing. At the same time, management is counting on broader platform use to support revenue per customer as those relationships develop.

Intuit’s Peers Sharpen Their Customer Growth PlaybooksH&R Block, Inc. (HRB - Free Report) is taking a similar route by improving client mix, expanding expert-led digital services and using technology to strengthen relationships beyond a single filing season. H&R Block said fiscal 2026 revenues rose 5%. For fiscal 2027, H&R Block is focusing on scaling what works while improving customer outcomes.

BILL Holdings, Inc. (BILL - Free Report) is also trying to deepen its role with small businesses through a broader, AI-enabled finance platform. BILL Holdings ended fiscal 2026 serving nearly 480,000 businesses and is pushing wider use of payments, expense and automation tools. BILL Holdings expects continued core revenue growth as platform adoption expands.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have gained 3.5% over the past three months, underperforming the broader industry but outperforming the S&P 500 composite.

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.01X, which is at a discount to the industry average of 6.14X. 

Image Source: Zacks Investment Research

Over the past 30 days, estimates for INTU’s fiscal 2027 and 2028 EPS have been revised northward.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Intuit has shed more than half its value while peers like ADP and Paychex held steady or climbed, leaving analysts split on whether a cratered franchise is a generational buying opportunity or the first casualty of an AI disruption nobody…

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Intuit (NASDAQ:INTU | INTU Price Prediction) currently trades near $292.35 while the consensus Wall Street price target sits at $405.60, an implied upside of roughly 38.7%.

Intuit runs TurboTax, QuickBooks, Credit Karma, and Mailchimp. The bull case rested on pricing power layered atop AI. In 2026 that flipped: investors now fear autonomous AI agents will perform tax and bookkeeping work Intuit charges for.

The gap between price and target is stark. A mega-cap software franchise trades like a broken growth story, even as analysts model a return to the low $400s.

Agentic AI Panic Cut Intuit Roughly In Half Intuit shares are down 55.44% year to date and sit about 58% below the 52-week high of $696.14. That qualifies as a full-blown crash, and it happened even though the fundamentals kept beating estimates.

The trigger was fiscal 2027 guidance with Q4 results. Management guided to 9% to 10% revenue growth, down from FY26’s 13.9%, and disclosed online paying customer growth slowed to 3%. CEO Sasan Goodarzi said “price is now the number one reason customers leave TurboTax” and that Intuit is “deliberately accepting lower initial DIY tax ARPC” to compete against lower-cost AI-native rivals.

A 17% workforce reduction and $293 million restructuring charge in Q4 signaled a defensive posture. Securities class action filings with a September 8, 2026 lead-plaintiff deadline weighed on sentiment.

Mizuho’s $430 Call And Why 35 Analysts Haven’t Bailed Siti Panigrahi at Mizuho Securities trimmed his target from $500 to $430 but reiterated Outperform, implying roughly 47% upside. His thesis: accelerating QuickBooks Online Advanced adoption, GenAI monetization through Intuit Assist, and Credit Karma as a cross-sell funnel for financial services.

The broader analyst community has moved lower on estimates but not on conviction. 5 Strong Buy, 16 Buy, 12 Hold, 1 Sell, and 1 Strong Sell ratings still tilt the book positive. Fiscal 2027 EPS estimates have been cut hard, with 24 downward revisions against 5 upward in the last 30 days, pulling the consensus to $23.9420. Yet the median target of $405.60 sits far above the current price, meaning analysts have re-based earnings while holding the multiple.

Catalysts include QuickBooks Online paying-customer reacceleration, monetization of Intuit Enterprise Suite, whose annualized revenue crossed $145 million and grew 4x year over year, and evidence the DIY funnel rebuilds in the coming tax season. Goodarzi said with agentic AI, “we will be the disruptor.” Whether that plays out in fiscal 2027 or slips to fiscal 2028 is the ballgame.

Intuit fell alone. Comparable US-listed names in payroll, HCM, and tax prep held up or rose year to date, making the Intuit selloff highly company-specific.

Automatic Data Processing (NASDAQ:ADP) trades at $269.64, up 7.15% year to date, versus a $287.60 target. That is roughly 6.7% upside, with 4 Buy, 12 Hold, and 2 Sell ratings. Wall Street sees ADP as fully priced.

Paychex (NASDAQ:PAYX) sits at $114.53, up 5.58% year to date, against a $121 target for roughly 5.6% upside. Ratings are cautious at 2 Buy, 11 Hold, and 5 Sell.

H&R Block (NYSE:HRB) trades at $42.86, roughly flat on the year, against a $51.67 target for about 20.6% upside. Coverage is thin at 1 Strong Buy, 3 Hold, and 1 Sell.

Intuit carries by far the largest implied upside among peers. The market has re-rated it as if disruption is unique to its business.

A Cratered Stock In A Rising Market Intuit trades at $292.35, off 57.88% over the past year and 20.34% in the past month alone. Over the same year, the S&P 500 has advanced 15.99%, and it is up 13.42% year to date. That divergence is the whole story.

The consensus target of $405.60 implies roughly 38.7% upside, and Mizuho’s $430 stretches that to about 47%. Intuit trades at a trailing P/E near 18 and forward multiple near 13, unusual for a business posting $21.448 billion in full-year revenue and $24.27 non-GAAP EPS.

Fiscal 2026 delivered a fifth straight EPS beat, $5.5 billion in buybacks, and a 15% dividend hike to $1.38 quarterly. Insider activity is net buying.

Bull And Bear Scenarios For Intuit From Here The bull case holds if management’s fiscal 2027 reset is genuine offensive repositioning, with QuickBooks Online Advanced and Intuit Enterprise Suite reaccelerating paying-customer growth into the high single digits by fiscal 2028. At a forward multiple near 13 on a franchise growing double digits with fortress cash flow, that outcome supports analyst targets.

The bear case dominates if agentic AI proves structural. If lower-cost AI-native competitors keep peeling away DIY filers and 24 downward EPS revisions in the last 30 days are just the first cut, then $405 is a mirage.

The peer group’s resilience says the market is punishing Intuit specifically. The balance sheet and buyback pace give management runway. Risk/reward skews constructive given peer resilience and the balance sheet, though volatility remains elevated for a stock that has already lost half its value in a year.

Contact [email protected] for any questions or corrections.

Key Takeaways Intuit is making AI central to growth after fiscal 2026 revenue rose 14% and Big Bets topped 30% growth.Intuit reported 40% higher coding velocity, with 70% of merged pull requests supported by AI.Intuit expects fiscal 2027 revenue of $23.28-$23.51 billion, implying growth of 9-10%. Intuit Inc. (INTU - Free Report) is making artificial intelligence central to its next phase of growth. The company says its AI strategy rests on proprietary financial data, industry expertise and human support. The push comes after fiscal 2026 revenues rose 14%, while its three “Big Bets” grew more than 30% and reached 30% of total revenues.

The scale behind Intuit Intelligence is notable. Intuit says its platform draws on more than 40 years of data covering 82 million consumers, 10 million businesses and 650,000 accountants. It cites about 70,000 data points per consumer and 625,000 per business, giving its AI tools financial context across taxes, payments, payroll and accounting.

Intuit is also using AI to change how products are built. The company reported a 40% increase in coding velocity, with 70% of merged pull requests AI-assisted. It aims to double product-development lifecycle velocity by the end of fiscal 2027, potentially allowing faster releases across QuickBooks, TurboTax and other platforms.

However, the growth challenge is customer acquisition. In fiscal 2026, TurboTax’s IRS e-file share fell one point, DIY tax share dropped three points, and business-platform online paid customers grew 4%, two points slower than a year earlier. Intuit plans to use AI-driven products and new entry points to reach more customers while expanding usage among existing ones.

For fiscal 2027, Intuit reaffirmed revenue guidance of $23.28 billion to $23.51 billion, implying 9-10% growth. GAAP EPS is expected to be $20.12-$20.36, up 22-24%. Investors need to watch whether AI-led product gains translate into customer growth without slowing margin progress.

Intuit’s Peers Push AI Deeper Into Financial WorkflowsH&R Block (HRB - Free Report) is pairing AI with human tax expertise as competition in digital filing intensifies. H&R Block said fiscal 2026 revenues rose 4.9% to $3.95 billion, while AI Tax Assist handled 4.1 million messages, up 88%. H&R Block expects fiscal 2027 revenue of $4.11-$4.16 billion as adoption continues to expand.

Paychex (PAYX - Free Report) is pushing AI deeper into payroll and HR through its WISE Workforce Intelligence Engine, launched across its HCM platforms. Paychex reported fiscal 2026 revenues of $6.51 billion, up 17%, with adjusted EPS rising 11%. Paychex expects fiscal 2027 revenue growth of 5-6% and adjusted EPS growth of 7-9%, respectively.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have gained 17.3% over the past three months, underperforming the broader industry but outperforming the S&P 500 composite. 

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.53X, which is at a discount to the industry average of 6.15X.

Image Source: Zacks Investment Research

INTU’s estimates for fiscal 2027 have been revised southward over the past month. However, the same for fiscal 2028 has been revised marginally upward over the past week.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Intuit's online money portfolio grew 31% in FY26, with payment volume topping $225 billion.Payments revenues rose $257 million as customer growth, transaction volume and revenue yield improved.Bill Pay, QuickBooks Free and the Business Credit Card to deepen monetization despite slower customer growth. Intuit (INTU - Free Report) is expanding its money ecosystem to drive growth beyond software subscriptions. Payments, Bill Pay, QuickBooks Capital and the Intuit Business Credit Card are helping the company monetize existing QuickBooks customers more deeply. The online money portfolio grew 31% in fiscal 2026, while total payment volume, including Bill Pay, surpassed $225 billion.

Payments remain a key growth driver. Payments revenues increased $257 million in fiscal 2026, supported by payments customer growth, increased transaction volume per customer and improved revenue yield. In fourth-quarter 2026, online payment volume, including Bill Pay, jumped 32%, while volume, excluding Bill Pay, increased 21%, highlighting growing adoption of the broader payments ecosystem.

Intuit also has room to boost monetization. QuickBooks Online Advanced customers have nine percentage points higher payments penetration than core QuickBooks Online users. Meanwhile, Online Ecosystem ARPC rose 15% in fiscal 2026 compared with only 3% growth in online paying customers, showing that deeper service adoption is becoming increasingly important.

Bill Pay, QuickBooks Free and the new Business Credit Card could strengthen this opportunity. However, slower customer growth remains a concern. QuickBooks Capital is also facing lower yields as more loans move to forward-flow partners, while scaling payments and lending is also adding to costs.

Payments appear capable of remaining a major growth engine for Intuit. Yet sustaining recent momentum will depend on broader adoption, rising transaction volumes and faster customer acquisition.

How Are Intuit’s Competitors Faring?Block's (XYZ - Free Report) Square competes in SMB payments, lending and banking. In the second quarter of 2026, Square GPV rose 13% year over year to $72.8 billion, while Square gross profit climbed 13% to $1.16 billion. Growth was driven mainly by stronger payments volume, increased software adoption and continued momentum in Square Loans.

Fiserv (FISV - Free Report) competes with Intuit in SMB payments through Clover. In the second quarter of 2026, Clover’s annualized GPV reached $367 billion, while GPV rose 9% year over year. Clover revenues increased 13%, excluding certain impacts, and Fiserv’s Small Business adjusted revenues totaled $1.76 billion.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have gained 14.1% over the past three months, underperforming the broader industry and outperforming the S&P 500 composite.

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.63X, which is at a discount to the industry average of 6.12X.

Image Source: Zacks Investment Research

Intuit’s estimate revisions reflect a negative trend. The Zacks Consensus Estimate for fiscal 2027 EPS has been revised downward 15.8% to $23.49 over the past month. The consensus estimate for 2026 calls for negative 3.2% growth year over year.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend PayoutsIntuit NASDAQ: INTU is prioritizing growth in new-to-the-franchise customers while continuing to scale its larger “big bets,” Chief Financial Officer Sandeep Singh Aujla said at the Goldman Sachs Technology Conference.

Aujla said the company’s major strategic initiatives—including moving upmarket in QuickBooks, expanding fintech offerings and growing beyond do-it-yourself tax into assisted tax—have each grown more than 30% and now represent nearly 30% of company revenue. However, he said Intuit concluded it needed to improve its performance in acquiring new customers.

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MarketBeat Week in Review – 08/24 - 08/28“As a company that is north of $21 billion in revenue, we need to be exceptional at both,” Aujla said, referring to scaling major growth initiatives and attracting new customers. He described the addressable opportunity as $300 billion and said Intuit remains in the “early innings.”

Long-term growth investments and the “J curve” Aujla said Intuit’s fiscal 2027 strategy includes investing in customer acquisition even when those investments pressure near-term revenue per customer. He characterized the approach as a “J curve,” in which initial revenue effects are followed by higher customer lifetime value over time.

Intuit’s Earnings Reset May Be More Pivot Than PlungeIn tax, Intuit is seeking to be more competitive and transparent on pricing for consumers with adjusted gross income of about $50,000, a group Aujla said is price-sensitive and where the company lost market share. The company aims to monetize those customers beyond tax filing through offerings such as faster refund access, Credit Karma Money, credit cards, personal loans and insurance.

“In 2027, the revenue takes a hit, but in the long term, the lifetime value is there,” Aujla said.

On the small-business side, Intuit is broadening its entry points with QuickBooks Lite and QuickBooks Free. The products are intended to bring entrepreneurs onto the QuickBooks platform earlier, before their businesses reach the complexity level that traditionally leads them to adopt accounting software. Aujla said customers can later move into higher-tier products on the same platform as their needs expand.

He said Intuit’s goal is to build a company that can deliver durable double-digit revenue growth and earnings-per-share growth in the high teens, with the company’s guidance and three-year compound annual growth rate targets reflecting that objective.

AI strategy centers on data, workflow integration Aujla said artificial intelligence is most valuable when paired with the company’s financial, industry and domain-specific data. Intuit has hundreds of thousands of attributes for each small-business customer and more than 85,000 attributes per consumer, he said.

The company is incorporating what it calls Intuit Intelligence into core customer workflows rather than treating AI as a separate feature. Examples include automatically reconciling business books, tracking nonprofit donation spending against donor restrictions and generating related documentation.

Intuit tracks AI adoption through several measures, including logins, usage frequency and the number of customers allowing Intuit Intelligence to take actions on their behalf. Aujla said the company is pleased with its progress on those metrics.

AI can be monetized through pricing, greater adoption of payments and other services, and potentially future offerings that take on tasks such as treasury management, according to Aujla. For now, he said Intuit’s focus is on driving adoption and repeat use while preserving options for future monetization.

Aujla also said search-engine optimization is not a major contributor to Intuit’s business, accounting for about 20% of QuickBooks traffic and less in tax. He said traffic coming from AI-driven search and generative-engine optimization is converting at multiples of the rate associated with traditional SEO traffic, and the shift has not been a headwind so far.

QuickBooks expansion and small-business conditions Intuit sees the small-business macroeconomic environment as stable, Aujla said. Cash reserves and hours worked are increasing among small businesses and are rising even more among mid-market companies. Manufacturing and IT services have shown favorable revenue growth, while some consumer discretionary segments have been softer than a year earlier.

In the mid-market, Aujla said Intuit has been encouraged by adoption of QuickBooks Online Advanced and Intuit Enterprise Suite, which combine accounting with payments, payroll and capital offerings. Mid-market customers have payment adoption rates nine percentage points higher and payroll adoption rates 15 percentage points higher, he said.

Three-quarters of mid-market growth has come from upgrading existing customers, according to Aujla. He said about 700,000 entities in the QuickBooks base could potentially upgrade to Advanced or Intuit Enterprise Suite.

Intuit also plans to pursue more new-to-the-franchise mid-market customers and deepen its relationship with accountants. Aujla said 70% of mid-market customers have an accountant, making accountants an important influence on software decisions.

Tax platform and assisted filing opportunity On the consumer side, Intuit is combining TurboTax and Credit Karma capabilities to turn tax engagement into a broader year-round financial relationship. Aujla said 35% of customers selected faster access to refunds, while other customers used Credit Karma for products such as personal loans and balance-transfer financing.

The company is also reimagining TurboTax with AI, including expanded data ingestion through persistent financial connections and a more natural-language-based interface. Aujla said the approach could enable customers with available tax and financial data to complete a filing in as little as 15 minutes, while still providing explanations that build confidence in the result.

Aujla said Intuit did not see an impact from AI-native tax competition during the latest tax season. He added that the greater growth opportunity is assisted tax, where he said 88% of the market resides. Intuit intends to use AI to improve the economics of its human-assisted offering and remain price-disruptive, he said.

About Intuit (NASDAQ:INTU)Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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NEW YORK, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax.  Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services.  The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business.  Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”.  Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]”  The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”

On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results.  Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth.  During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]”  On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.”  Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”  Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”

Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980    

Beacon Pointe Advisors LLC bought a new position in Intuit Inc. (NASDAQ:INTU – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,280 shares of the software maker’s stock, valued at approximately $1,643,000.

A number of other large investors have also made changes to their positions in INTU. Betterment LLC boosted its stake in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the last quarter. One Capital Management LLC lifted its position in Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares in the last quarter. Quadcap Wealth Management LLC raised its stake in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 18 shares during the period. Washington Trust Bank raised its stake in shares of Intuit by 3.0% during the fourth quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock valued at $523,000 after purchasing an additional 23 shares during the period. Finally, Barr E S & Co. increased its stake in shares of Intuit by 1.5% in the fourth quarter. Barr E S & Co. now owns 1,608 shares of the software maker’s stock worth $1,065,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Up 0.4% Shares of INTU traded up $1.45 on Monday, hitting $359.51. The company’s stock had a trading volume of 1,842,109 shares, compared to its average volume of 4,382,581. The firm has a market capitalization of $98.34 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 0.92 and a beta of 0.97. The firm’s fifty day moving average price is $307.36 and its 200-day moving average price is $356.13. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $705.08.

Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts expect that Intuit Inc. will post 23.07 EPS for the current year. Intuit Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Intuit’s dividend payout ratio is currently 33.45%.

Key Stories Impacting Intuit Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit announced a partnership with Perplexity to integrate QuickBooks and Mailchimp into Perplexity Computer, an agentic AI assistant. The collaboration could help users move from discovering information to receiving personalized insights and taking actions within Intuit’s software ecosystem. Intuit and Perplexity Team on AI Integrations Positive Sentiment: Recent AI-powered product enhancements for mid-market financial management support Intuit’s strategy of using automation and data-driven insights to expand the value of its QuickBooks platform. Intuit unveils AI-powered innovations for mid-market financial management Positive Sentiment: A comparison with PayPal argues that Intuit’s broad financial-software ecosystem, recurring customer relationships and AI investments provide a strong foundation for future growth. Intuit or PayPal: Which Fintech Is Built for Future Growth? Neutral Sentiment: Analyst commentary notes that INTU has significantly underperformed the Nasdaq over the past year, but expectations for its future remain cautiously positive. Other coverage highlights Intuit’s profitability and market leadership while comparing it with higher-risk AI software companies. Is Intuit Stock Underperforming the Nasdaq? Negative Sentiment: Several law firms publicized a securities class action and a September 8 lead-plaintiff deadline involving investors who purchased Intuit shares between February 25, 2025, and June 1, 2026. The notices cite a reassessment of TurboTax’s growth outlook and add legal and reputational uncertainty, although the allegations have not been proven. Intuit Inc. Securities Fraud Lawsuit Deadline Negative Sentiment: An Intuit executive sold 906 shares worth approximately $314,000, representing 36% of the executive’s direct holdings before the transaction. While the sale may be routine, its timing can weigh on sentiment amid the stock’s recent decline. An Intuit Executive Sells Over a Third of Their Direct Holdings Insider Transactions at Intuit In other news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,146 shares of company stock worth $662,666 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth INTU has been the subject of several recent research reports. Mizuho lowered their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 17th. BNP Paribas Exane dropped their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. lowered Intuit from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Weiss Ratings downgraded Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $434.68.

Check Out Our Latest Report on INTU

Intuit Company Profile (Free Report)

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities, and TurboTax, a tax-preparation and filing service aimed at individual taxpayers. In addition to these core offerings, Intuit has expanded through acquisitions to provide complementary services such as Credit Karma (consumer credit and financial-product marketplace) and Mailchimp (marketing and commerce tools), and it offers professional-grade tax solutions for accountants and tax preparers.

The company serves a mix of consumers, small and mid-sized businesses and accounting professionals across multiple markets, with a particularly large presence in the United States and an expanding international footprint.

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, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax.  Intuit's Consumer segment provides do-it-yourself ("DIY") and assisted income tax preparation products and services under the "TurboTax" brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services.  The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant "momentum" across Intuit's various business segments, particularly with respect to its tax-related business.  Defendants attributed this purported "momentum" to, inter alia, Intuit's purportedly significant competitive advantages, including integration of artificial intelligence ("AI") in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit's fiscal full year ("FY") of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing "outstanding execution across our platform" and "breakthrough adoption in assisted tax" as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled "Intuit to cut 17% of global jobs to streamline operations, memo shows".  Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi ("Goodarzi"), Intuit's Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that "Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]"  The article further revealed that Intuit "is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo."

On this news, Intuit's stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter ("Q3") 2026 results.  Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth.  During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit's Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, "we did not have the overall tax season we expected[.]"  On the same call, Defendant Goodarzi likewise stated that he was "dissatisfied with our performance", noting "[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year", and that "[w]e lost on price."  Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."  Accordingly, Defendant Goodarzi acknowledged that "we expect TurboTax to grow 7% for the full year"—down from Defendants' prior guidance of 8% growth—and that, "[t]o reaccelerate this part of our business," Defendants will need to "evolve our business model by delivering the right lineups and price points to meet simple filers' needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax."

Following these disclosures, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Key Takeaways Intuit expects Q4 revenue growth of 11-12%, with non-GAAP EPS projected at $3.56-$3.62.QuickBooks, payments, payroll, Credit Karma and TurboTax Live are expected to support Q4 growth.AI expansion, mid-market efforts offer growth potential, while competition and softer tax trends pose risks. Intuit Inc. (INTU - Free Report) is set to report its fourth-quarter 2026 results on Aug. 25, after market close.

The financial technology company expects fourth-quarter revenues to increase approximately 11-12% year over year. Management projects non-GAAP earnings of $3.56-$3.62 per share, while GAAP earnings are expected in the range of 73-79 cents per share. The sharp difference between GAAP and adjusted earnings primarily reflects restructuring and other non-GAAP adjustments.

The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $4.27 billion, indicating an increase of 11.5% from the year-ago quarter’s reported figure.

The consensus mark for earnings is pinned at $3.59 per share and remains unchanged over the past two months. It indicates growth of 30.6% from the figure reported in the year-ago quarter.

Image Source: Zacks Investment Research

The company’s EPS surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 6.87%. The graph below depicts this surprising history:

Image Source: Zacks Investment Research

Q4 Earnings Whispers for INTUOur proprietary model does not conclusively predict an earnings beat for Intuit this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.

Intuit has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Factors Likely to Shape Intuit’s Q4 ResultsIntuit is set to report fourth-quarter results, with solid business momentum and continued progress across its consumer and small-business platforms.

Growth is likely to have been supported by continued strength in QuickBooks and the broader Online Ecosystem. Higher customer engagement, increased adoption of payments and payroll services and expansion of Intuit’s money offerings are expected to have remained key drivers.

Credit Karma and TurboTax Live are also likely to have contributed to the quarter. Strength in personal loans and insurance has supported Credit Karma, while greater adoption of assisted tax offerings continues to benefit the TurboTax franchise. However, softer tax-unit trends could have partly offset these positives.

Intuit’s AI-driven strategy and ongoing expansion into mid-market solutions is expected to have provided an additional boost. Continued adoption of AI-powered tools across its platform, along with efforts to deepen customer relationships and improve operating efficiency, may have helped support durable growth over the longer term.

For the fourth quarter of fiscal 2026, the Zacks Consensus Estimate for Intuit’s Global Business Solutions revenues is pegged at $3.39 billion, suggesting year-over-year growth of 12.4%. The consensus mark for Intuit’s Consumer revenues is pegged at $884.5 million, significantly up from the year-ago period.

INTU’s Price Performance & ValuationIntuit shares have gained 20.8% over the past month. The Zacks Computer Software Market industry has risen 22.6%, while the S&P 500 has gained 3.7% for the same period. Tax preparation and financial services provider like H&R Block (HRB - Free Report) and fintech like Block (XYZ - Free Report) continue to expand their tax-preparation, small-business and financial-service offerings, intensifying competition for Intuit across areas such as consumer tax, payments and broader financial management. HRB shares rallied 26.9%, while XYZ shares have gained 1.2% over the same timeframe.

Image Source: Zacks Investment Research

From a valuation standpoint, even after the stock’s recent rally, INTU shares are trading cheaply in terms of forward 12-month P/E. INTU stock is trading at 13.39X compared with the Zacks Computer Software Market industry’s 22.86X.

Image Source: Zacks Investment Research

Shares of HRB and XYZ are currently trading at P/E of 8.9X and 17.4X, respectively.

Image Source: Zacks Investment Research

INTU: Buy, Sell or Hold?Intuit continues to strengthen its position as a broad financial technology platform by integrating QuickBooks, TurboTax, Credit Karma and its expanding AI-powered services. Continued momentum in online accounting, payments, payroll, assisted tax offerings and consumer finance is likely to support long-term growth, while its AI-driven expert platform could deepen customer engagement across both consumer and small-business markets. However, competitive pressure, softer tax-unit trends, restructuring-related disruption and broader macroeconomic uncertainty remain key risks.

Given these growth opportunities alongside near-term execution risks, the stock is best viewed as a hold at present. Long-term investors may prefer to wait for greater clarity on fiscal 2027 growth, margin improvement and the benefits of Intuit’s restructuring before adding to positions.

NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax. Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services. The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business. Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”. Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]” The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”

On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results. Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth. During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]” On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.” Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.” Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”

Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  
 

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax.  Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services.  The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business.  Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”.  Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]”  The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”

On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results.  Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth.  During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]”  On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.”  Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”  Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”

Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax.  Intuit's Consumer segment provides do-it-yourself ("DIY") and assisted income tax preparation products and services under the "TurboTax" brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services.  The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant "momentum" across Intuit's various business segments, particularly with respect to its tax-related business.  Defendants attributed this purported "momentum" to, inter alia, Intuit's purportedly significant competitive advantages, including integration of artificial intelligence ("AI") in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit's fiscal full year ("FY") of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing "outstanding execution across our platform" and "breakthrough adoption in assisted tax" as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled "Intuit to cut 17% of global jobs to streamline operations, memo shows".  Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi ("Goodarzi"), Intuit's Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that "Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]"  The article further revealed that Intuit "is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo."

On this news, Intuit's stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter ("Q3") 2026 results.  Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth.  During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit's Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, "we did not have the overall tax season we expected[.]"  On the same call, Defendant Goodarzi likewise stated that he was "dissatisfied with our performance", noting "[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year", and that "[w]e lost on price."  Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."  Accordingly, Defendant Goodarzi acknowledged that "we expect TurboTax to grow 7% for the full year"—down from Defendants' prior guidance of 8% growth—and that, "[t]o reaccelerate this part of our business," Defendants will need to "evolve our business model by delivering the right lineups and price points to meet simple filers' needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax."

Following these disclosures, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  
 

[Click here for information about joining the class action]

Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax.  Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services.  The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.

At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business.  Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.

For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”.  Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]”  The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as ⁠part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”

On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.

The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results.  Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth.  During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]”  On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.”  Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.”  Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”

Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980  

-

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, will announce its fourth-quarter and full-year financial results for fiscal year 2026 on August 25, following the close of market. The company’s fourth quarter ends on July 31.

Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on August 25. The conference call can be heard live at https://investors.intuit.com/news-events/ir-calendar and a replay will be available on the Intuit Investor Relations website. Prepared remarks for the call will be available on Intuit’s Investor Relations website after the call ends.

Annual Investor Day

Intuit will host its annual Investor Day on Sep. 17 at 8:00 a.m. Pacific time, at its headquarters in Mountain View, CA. The event can be viewed live at https://investors.intuit.com/news-events/ir-calendar and a replay will be available on Intuit’s Investor Relations website. The half-day event will include presentations from Sasan Goodarzi, chief executive officer, Sandeep Aujla, chief financial officer, and other leaders.

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

More News From Intuit Inc.

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Posted by Defense World Staff on Jul 28th, 2026

Advent International L.P. grew its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 332.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,000 shares of the software maker’s stock after purchasing an additional 17,682 shares during the quarter. Intuit makes up 0.2% of Advent International L.P.’s holdings, making the stock its 23rd biggest holding. Advent International L.P.’s holdings in Intuit were worth $9,945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Intuit by 61.3% during the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its position in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the 1st quarter worth $785,564,000. Sivia Capital Partners LLC lifted its holdings in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC grew its position in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after buying an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuit In related news, Director Vasant M. Prabhu bought 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the purchase, the director directly owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is owned by insiders.

Analysts Set New Price Targets Several brokerages have recently weighed in on INTU. Oppenheimer decreased their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Mizuho reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. Morgan Stanley lowered shares of Intuit from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $580.00 to $335.00 in a report on Tuesday, July 21st. BMO Capital Markets dropped their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group lowered shares of Intuit from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Twenty-one investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $468.84.

View Our Latest Report on INTU

Trending Headlines about Intuit Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit is highlighted as an “AI winner” that uses artificial intelligence behind the scenes to reduce costs and improve operating efficiency rather than relying solely on AI product sales. The article also cites strong recent earnings and supportive analyst ratings. These 3 AI Winners Don’t Sell the Tech—They Use It Positive Sentiment: The stock’s outperformance in the latest session may have attracted additional momentum-focused buying. Intuit’s latest reported quarter included revenue growth of 10.4% year over year and earnings that exceeded analyst expectations, providing a fundamental backdrop for the advance. Intuit Rises Higher Than Market: Key Facts Neutral Sentiment: Multiple law firms reminded investors of September 8–9 deadlines to seek lead-plaintiff status in a securities class action covering purchases made from August 22, 2025, through May 20, 2026. These notices largely repeat existing allegations and do not represent a new company operating update. Rosen Securities Class Action Notice Negative Sentiment: The class action alleges that Intuit made material misstatements or omissions about the strength of its tax-related business and TurboTax growth outlook. The litigation follows a sharp prior stock decline and could create legal costs, reputational risk and continued investor uncertainty. Intuit Class Action Lawsuit Notice Negative Sentiment: An investment-fund review says Intuit has lost investor appeal because of concerns about AI disruption and future earnings, signaling that valuation and competitive-growth risks remain overhangs despite the recent rebound. Intuit Lost Appeal on AI Disruption and Earnings Concerns Intuit Stock Up 2.6% Shares of Intuit stock opened at $303.91 on Tuesday. The stock’s 50-day moving average is $291.65 and its 200 day moving average is $389.50. Intuit Inc. has a one year low of $252.84 and a one year high of $813.70. The firm has a market cap of $83.13 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Intuit Company Profile (Free Report)

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

Read More Five stocks we like better than Intuit AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).

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By PYMNTS  |  July 22, 2026

 | 

Intuit has debuted a new small business-focused credit card in collaboration with Mastercard.

The World Elite Business Mastercard, announced Wednesday (July 22), is designed to sync with Intuit’s QuickBooks platform to help businesses manage spending, access credit and get a handle on their financial health from a single place.

“We know businesses don’t have a one-size-fits-all need for capital, which is why we’re building a range of capital solutions on the Intuit platform,” David Hahn, executive vice president and general manager of Intuit’s services group, said in a news release. “The Intuit Business Credit Card introduces a smarter way to power business growth with critical controls and value on every dollar spent. This is an important part of Intuit’s broader commitment to building the capital solutions small businesses need to grow with confidence.”

The release points to in-house findings from Intuit showing that businesses that use financing are almost twice as likely to be “in an active growth phase” than businesses who rely on personal funds.

“Yet many businesses still lack timely access to capital and real-time visibility into their financial health, relying on disconnected tools and manual processes to manage spending, accounting, and financing,” the release said.

Intuit argues its new card addresses this by combining spending, credit, and financial data, allowing for “smarter cash flow control, confident spending, and growth opportunities.”

Research by PYMNTS Intelligence and Mastercard has found that a sizable number of small- to medium-sized businesses (SMBs) don’t use a business credit card, with 30% saying they use personal cards to cover work-related expenses.

“With small businesses alone numbering 36 million in the United States and driving 43.5% of U.S. GDP, it all adds up to a lot of missed opportunity for card issuers,” PYMNTS wrote earlier this year.

More recently, PYMNTS spoke with Ginger Siegel, North America small and medium business lead at Mastercard, about some of the working capital burdens facing SMBs.

“The biggest challenge that small businesses face is really around cash flow uncertainty and everything that cascades from it,” Siegel said in an interview earlier this week, adding that lag times require owners to tap into personal reserves or credit lines.

Siegel went on to say that many businesses also lose purchasing opportunities while waiting for funds to settle, a burden compounded by administrative work that falls to owners who often oversee finance, operations and customer service on their own.

“The card is becoming more than a payment vehicle, and in fact is becoming a salve against those pain points,” PYMNTS wrote.

See More In: credit, credit cards, Intuit, Mastercard, News, partnerships, PYMNTS News, QuickBooks, small businesses, What's Hot, working capital

Key Takeaways Intuit lost DIY customers after its pricing fell short for filers earning less than $50,000 annually.INTU plans simpler products and more competitive pricing to rebuild its DIY tax user base.Intuit aims to grow revenues through Credit Karma and financial services alongside tax products. Intuit Inc.'s (INTU - Free Report) latest tax season highlights a major shift in its TurboTax business. While TurboTax Live continues to post impressive growth, the company's lower-priced DIY tax products lost customers as price-sensitive filers turned to competing options.

The standout performer was TurboTax Live, Intuit's assisted tax offering that combines AI-powered tools with access to human tax experts. The company expects TurboTax Live revenues to climb 36% to nearly $2.8 billion in fiscal 2026, with customer growth of 38%. Live is also projected to account for about 53% of total TurboTax revenues, underscoring how assisted tax preparation has become the company's primary growth engine.

However, the picture is less encouraging for DIY tax filing. Intuit expects total TurboTax Online units to decline about 2% after admitting it "lost on price" among customers earning less than $50,000 annually. Management acknowledged that its pricing strategy was not competitive enough for budget-conscious users, leading to lower e-file market share and fewer free users entering the TurboTax ecosystem.

To address the weakness, Intuit plans to introduce more competitive pricing and simpler product options for basic tax filers. At the same time, it aims to generate more value through Credit Karma, refund products and other financial services rather than relying solely on tax-preparation fees. Customers using both TurboTax and Credit Karma already generate about 30% more revenues, giving Intuit a strong incentive to rebuild its DIY user base while continuing to expand its higher-margin assisted tax business.

How Are Intuit’s Competitors Faring?H&R Block (HRB - Free Report) reported third-quarter fiscal 2026 revenues of $2.4 billion, up 5.3% year over year, driven by higher pricing and volume in U.S. assisted tax preparation. Its assisted-channel market share improved for a third consecutive year, while net income increased 17.4%, indicating healthy demand for expert-led filing services and support.

Paychex’s (PAYX - Free Report) tax-related business, included in its Management Solutions segment (payroll processing, tax filing and compliance), delivered strong momentum in third-quarter fiscal 2026, with revenues rising 23% year over year to $1.4 billion. Growth was driven by higher client volumes, increased revenue per client and sustained demand for payroll tax compliance services, supported by the Paycor acquisition.

INTU’s Price Performance, Valuation and EstimatesShares of Intuit have risen 12.9% over the past month, outperforming both the broader industry and the S&P 500 composite.

Image Source: Zacks Investment Research

In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.35X, which is at a discount to the industry average of 5.18X.

Image Source: Zacks Investment Research

Intuit’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for fiscal 2026 EPS has been revised upward by a cent over the past month. The consensus mark for 2026 calls for 18.4% growth year over year.

Image Source: Zacks Investment Research

Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Posted by Defense World Staff on Jul 20th, 2026

AIA Group Ltd decreased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 54.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,492 shares of the software maker’s stock after selling 8,832 shares during the period. AIA Group Ltd’s holdings in Intuit were worth $3,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intuit in the 4th quarter worth approximately $3,058,407,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership grew its position in Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Intuit by 172.1% in the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock valued at $291,849,000 after buying an additional 426,952 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Trending Headlines about Intuit Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock? Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock? Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers Insider Buying and Selling at Intuit In other news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the company. Northcoast Research cut their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Evercore decreased their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. UBS Group cut their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Mizuho decreased their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.39.

Read Our Latest Stock Report on INTU

Intuit Stock Performance INTU stock opened at $291.09 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.07 and a beta of 1.00. The firm has a 50 day simple moving average of $303.20 and a 200 day simple moving average of $404.68. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the business earned $11.65 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 29.07%.

Intuit Company Profile (Free Report)

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.

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