Intuit Q1 Earnings Surpass Estimates, Online Ecosystem Revenues Surge

Core Insights - Intuit (INTU) reported first-quarter fiscal 2026 non-GAAP EPS of $3.34, exceeding the Zacks Consensus Estimate of $3.10, marking a 33.6% increase year-over-year [1][10] - Revenues reached $3.88 billion, surpassing the consensus estimate of $3.76 billion, and increased by 18.3% year-over-year [2][10] Financial Performance - Global Business Solutions Group revenues grew 18% year-over-year to $3.0 billion, with Online Ecosystem revenues climbing 21% to $2.4 billion [3] - QuickBooks Online Accounting revenues increased by 25% year-over-year, while Online Services revenues grew by 17% [4] - Consumer Group revenues rose by 21% to $894 million, driven by a 27% increase in Credit Karma revenues to $651 million [5] Balance Sheet and Cash Flow - As of October 31, 2025, Intuit's cash and investments totaled $3.7 billion, down from $4.6 billion as of July 31, 2025, with a debt of $6.1 billion [6] - The company repurchased $851 million of stock in the fiscal first quarter, with $4.4 billion remaining on its share repurchase authorization [6] Dividend Announcement - Intuit's board approved a quarterly dividend of $1.20 per share, representing a 15% year-over-year increase, to be paid on January 16, 2026 [7] Future Outlook - For Q2 fiscal 2026, Intuit expects revenue growth between 14% and 15% year-over-year, with non-GAAP EPS estimated between $3.63 and $3.68 [8] - The full fiscal year 2026 guidance remains unchanged, with expected revenues between $20.997 billion and $21.186 billion, indicating approximately 12-13% growth [9]