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what it is
Intuit sells the software many people and small businesses use for taxes, bookkeeping, payroll, and personal credit tracking.
how it gets paid
Last year Intuit made $18.8B in revenue. Global Business Solutions was the main engine at $11.09B, or 59% of sales.
growth snapshot
Revenue was roughly flat last year at $18.8B. Most other operating trends remained steady, but management’s outlook for the january interim called for earnings per share between $3.63 and $3.68.
what just happened
Latest quarter revenue reached $8.5B, and EPS hit $4.06, with profit still outrunning sales growth.
At a glance
A balance sheet — strong enough to weather a downturn
95/100 earnings predictability — you can trust these numbers
27.1x trailing p/e — priced about right
0.9% dividend yield — cash in your pocket every quarter
31.0% return on capital — every dollar works hard here
xvary composite: 69/100 — average
What they do
Intuit sells the software many people and small businesses use for taxes, bookkeeping, payroll, and personal credit tracking.
Your books, payroll, tax history, and customer records tend to live inside QuickBooks and TurboTax. Global Business Solutions is 59% of sales, and that habit turns into a moat: leaving means moving the financial memory of your business. Intuit also posts a 31.4% net profit margin, which means the lock-in shows up in cash, not just marketing copy.
How they make money
$18.8B
annual revenue · their business grew +0.0% last year
Global Business Solutions
$11.09B
Consumer
$4.89B
Credit Karma
$2.26B
ProTax
$0.56B
The products that matter
tax and accounting software
QuickBooks, TurboTax, Mint
$18.8B revenue base
this product set supports the entire $18.8B business. that lack of disclosed split is a limitation, but it also tells you the investment case still runs through two core behaviors: filing taxes and running small-business finances.
core engine
Key numbers
31.4%
net margin
Net margin → profit kept after expenses → so what: Intuit keeps about $0.31 from every $1 you send it, which is elite for a software company.
31.0%
return on capital
Return on capital → profit earned on the money invested in the business → so what: management turns investment into earnings far better than an average large software company.
$21B
fy2026 sales
Fiscal 2026 revenue estimate → next year's expected sales → so what: the base is already huge, and the company is still projected to grow sales 12%.
27.1x
trailing p/e
P/E → years of earnings you are paying for upfront → so what: you are buying quality, but you are not buying it cheap.
Financial health
A
strength
- balance sheet grade A — very strong financial position
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $5.4B (3% of capital)
- net profit margin 31.4% — keeps 31 cents of every dollar in revenue
- return on equity 37% — $0.37 profit for every $1 investors have put in
A with balance sheet grade and net profit margin standing out. your money faces less risk here than at most public companies.
Total return vs. market
You invested $10,000 in INTU 3 years ago → it's now worth $14,140.
The index would have given you $14,770.
source: institutional data · total return
What just happened
beat estimates
Latest quarter revenue reached $8.5B, and EPS hit $4.06, with profit still outrunning sales growth.
EDGAR shows latest-quarter revenue of $8.5B, up 84% vs. prior year, and EPS of $4.06, up 64%. Consensus data also says the company beat earnings estimates, with $4.15 versus $3.66 expected.
$8.5B
revenue
$4.06
eps
26.1%
operating margin
the number that mattered
$8.5B mattered most because it means one quarter produced about 45% of Intuit's $18.8B annual revenue, which shows just how concentrated the tax window still is.
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intuit’s stock price has not been insulated from the weakness gripping the software sector.
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the shares are off 18% since our last report.
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october-period results were mixed, considering that diluted earnings per share beat our $3.10 estimate by $0.24.
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first-quarter profitability at the seasonally-soft consumer business returned to the mid 60’s% level, after dropping to 58% in the year-ago period.most other operating trends remained steady, but management’s outlook for the january interim called for earnings per share between $3.63 and $3.68.
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this was well below our previous $4.00 estimate.
source: company earnings report, 2026
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What could go wrong
the #1 risk is tax-season conversion weakness and guide-down risk in TurboTax.
med
tax-season execution
TurboTax is one of the core engines here, and even management's latest january-quarter EPS guide of $3.63–$3.68 came in below the prior $4.00 estimate. when tax-season expectations slip, the stock notices fast.
the immediate pressure point is earnings, not survival. this is a high-margin business, but premium multiples get repriced when guidance weakens.
med
identity verification friction
extra login, fraud, or identity checks can reduce completion rates during filing season. that sounds small until you remember tax software is a conversion business concentrated into a short window.
consumer profitability improved from 58% to the mid 60s% in the recent period. if that reverses, the market will read it as demand friction, not just noise.
med
flat revenue on a premium multiple
revenue was flat at $18.8B while the stock still trades at 27.1x trailing earnings. that is fine for a quarter or two. it gets harder to defend if the $21B fiscal 2026 revenue target starts moving down.
this is the valuation risk. nothing here suggests balance-sheet stress. the danger is paying a growth multiple for a business that looks temporarily mature.
a guide-down from $4.00 to $3.63–$3.68 already showed the setup: you own a durable $18.8B software business, but the stock is still sensitive to tax-season conversion and growth expectations.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
january-quarter EPS guide
management set the bar at $3.63–$3.68. that is the near-term sentiment number now.
trend
revenue reacceleration
revenue was flat on an $18.8B base. you want to see progress back toward the $21B fiscal 2026 target.
metric
fy2026 EPS estimate
the street sits at $23.10. if that number drifts lower, the "cheaper forward multiple" argument weakens with it.
risk
tax-season conversion friction
watch for any signs that verification or onboarding steps are hurting TurboTax completion rates during the peak season.
Analyst rankings
short-term outlook
average
momentum score 3 — in human-speak, analysts see a stock acting mostly like the market right now, not a special short-term setup.
risk profile
average
stability score 3 — you are not buying a utility here, but you are also not buying a melting-ice-cube story.
chart momentum
top 5%
technical score 1 — the chart has improved sharply. the quiet part: technicals can turn before fundamentals do.
earnings predictability
95 / 100
management usually guides cleanly and the numbers usually land close. that reliability is a real asset in software.
source: institutional data
Institutional activity
institutions have been net buying for 2 consecutive quarters — 1,120 buyers vs. 898 sellers in 3q2025. total institutional holdings: 0.2B shares. net buying for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$461
$921
$545
current price
$691
target midpoint · +27% from current · 3-5yr high: $1330 (+145% · 24% ann'l return)
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