Intuit beats Q2 revenue, profit expectation
Overview
Financial technology firm's Q2 revenue up 17%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Q2 operating income missed analyst expectations
Outlook
Intuit reiterates fiscal 2026 revenue guidance of $20.997 bln to $21.186 bln
Company expects Q3 revenue growth of approximately 10%
Intuit forecasts fiscal 2026 GAAP EPS of $15.49 to $15.69
Result Drivers
ONLINE ECOSYSTEM GROWTH - Intuit's Online Ecosystem revenue increased by 21%, driven by higher prices and customer growth in QuickBooks Online Accounting
CONSUMER SEGMENT PERFORMANCE - Consumer revenue rose 15%, with Credit Karma and TurboTax showing strong growth
GLOBAL BUSINESS SOLUTIONS - Revenue in this segment grew 18%, with Online Services contributing through money and payroll offerings
Company press release: ID:nBw9Bgdvza
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $4.65 bln | $4.53 bln (24 Analysts) |
Q2 Adjusted EPS | Beat | $4.15 | $3.66 (25 Analysts) |
Q2 EPS |
| $2.48 |
|
Q2 Net Income |
| $693 mln |
|
Q2 Operating Income | Miss | $855 mln | $1.39 bln (23 Analysts) |
Q2 Pretax Profit | Miss | $869 mln | $1.36 bln (15 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Intuit Inc is $732.00, about 92% above its February 25 closing price of $381.23
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 28 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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