Intuit's Stock Price is Surging Friday. Here's Why the TurboTax Maker is Gaining.

Core Insights - Intuit shares experienced a significant increase following the release of better-than-expected quarterly results, driven by heightened demand for its AI tools among mid-market businesses [1][8]. Financial Performance - For the first quarter of fiscal 2026, Intuit reported adjusted earnings of $3.34 per share, exceeding analyst expectations by 25 cents. Revenue rose 18% to $3.89 billion, also surpassing estimates [2][8]. Demand and AI Integration - The company is witnessing stronger demand as it enhances its artificial intelligence tools, which are streamlining accounting and payment processes. This has resulted in increased revenue for its QuickBooks platform [3][4]. - The Global Business Solutions division contributed significantly to revenue, with an 18% increase to $2.99 billion. QuickBooks Online Accounting revenue saw a notable 25% rise to $1.21 billion [3]. CEO Insights - CEO Sasan Goodarzi emphasized the company's commitment to its AI-driven expert platform strategy, highlighting that the Accounting Agent saves customers up to 12 hours a month, while the Payments Agent accelerates payment receipt by an average of five days [4].