Intuit Inc. reported a strong financial performance for the fiscal year ending July 31, 2026, with total net revenue reaching $21.4 billion, a 14% increase from the previous fiscal year. The company's Global Business Solutions segment generated $12.9 billion in revenue, up 16%, while the Consumer segment saw an 11% increase to $8.6 billion. Operating income rose by 20% to $5.9 billion, and net income increased 18% to $4.6 billion, resulting in a diluted net income per share of $16.46, a 20% rise compared to the prior year.
The fiscal year also saw significant strategic developments, including the initiation of a restructuring plan aimed at simplifying the company's organizational structure, which is expected to incur costs of approximately $315 million. Intuit recorded a $293 million charge related to this plan, primarily for severance and employee benefits. Additionally, the company combined its Consumer, Credit Karma, and ProTax businesses into a single segment to enhance service delivery and customer experience. Effective August 1, 2026, Mailchimp will be managed as a separate operating segment.
Operationally, Intuit served approximately 93 million customers globally, with a notable increase in customer engagement metrics. The Online Ecosystem revenue, which includes QuickBooks Online and other services, grew by 19%, driven by customer growth and higher effective prices. The average revenue per customer in this segment increased by 15%. The company also reported a 3% increase in paying customers across its Online Ecosystem offerings. Intuit's international revenue remained stable at approximately 8% of total revenue, indicating consistent geographic performance.
Looking ahead, Intuit anticipates continued growth driven by its AI-driven expert platform strategy, which integrates artificial intelligence with human expertise to enhance customer experiences. The company plans to invest significantly in product development, marketing, and sales capabilities, particularly in AI technologies. Intuit expects its total service revenue as a percentage of total revenue to grow over the long term, supported by ongoing innovations and strategic investments. The company remains committed to returning excess cash to shareholders through stock repurchases and dividends, having declared $4.80 per share in dividends during fiscal 2026.
About INTUIT INC.
Intuit Inc. is a global financial technology company providing software and services for consumers, small and mid-market businesses, and accountants. Its core offerings include tax preparation, accounting, financial management, payments, and marketing solutions, leveraging AI and human expertise. The company focuses on automation, data-driven insights, and integrated platforms to enhance financial success, efficiency, and compliance for its diverse customer base worldwide.
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