Intuit Gears Up to Report Q1 Earnings: What's in the Offing?

Core Insights - Intuit Inc. (INTU) is expected to report first-quarter fiscal 2026 results on November 20, with projected revenues between $3.744 billion and $3.776 billion, indicating a growth rate of 14-15% [1][9] - The Zacks Consensus Estimate for revenues is $3.76 billion, reflecting a 14.6% increase year-over-year, while the earnings estimate is $3.10 per share, representing a 24% rise from the previous year [2] Revenue Segments - The Global Business Solutions segment is anticipated to generate revenues of $2.95 billion, showing a year-over-year growth of 16%, driven by QuickBooks Online Accounting's strong performance [6] - The Consumer Group segment is projected to see revenues of $189.7 million, up 7.8% from the prior year, largely due to the growth of the TurboTax platform, especially TurboTax Live [7] - Credit Karma is expected to report revenues of $570.6 million, an increase of 8.9% year-over-year, supported by strong performance in personal loans, credit cards, and auto insurance [8] Strategic Developments - Intuit's transition to a cloud-based subscription model is likely to have stabilized revenues, supported by a predictable revenue model and strong marketing capabilities [3] - Recent positive developments include the launch of the Intuit Accountant Suite, partnerships to enhance mid-market growth, and advancements in AI-driven solutions [4][5] - The ProTax segment is estimated to generate revenues of $40.1 million, up from $39 million in the previous year, driven by demand from professional tax preparers [10]