Intuit Inc. (INTU) Announced Q3 2026 Earnings on May 20, 2026, Reporting "revenue of $8.6 billion, up 10%"

Intuit reported third quarter fiscal 2026 financial results with revenue of $8.6 billion, up 10% for the quarter. GAAP operating income for the quarter was $4 billion versus $3.7 billion last year, and non-GAAP operating income was $4.7 billion versus $4.3 billion last year. GAAP diluted earnings per share for the quarter was $11.09 versus $10.02 a year ago, and non-GAAP diluted earnings per share was $12.80 versus $11.65 last year.Management highlighted momentum in its growth engines, noting that assisted tax, its money portfolio, and the mid-market all grew north of 30%.The company faced headwinds with the most price-sensitive segment of DIY tax filers earning less than $50,000 a year, prompting a shift in its business model to better serve simple filers and monetize beyond tax using its broader consumer platform.Intuit also announced a decision to reduce its full-time workforce by 17% to simplify its organizational structure and become a faster, leaner, and more focused company.During the quarter, the company launched QuickBooks Free and QuickBooks Light to provide a low-friction entry point for early-stage businesses.Looking ahead to August, Intuit is launching a sweeping expansion and a new lineup of its AI-driven expert platform, which will introduce a consumption-based pricing model for its AI and human intelligence services.Intuit raised its total company guidance for revenue and all non-GAAP metrics for the full fiscal year.Full-year fiscal 2026 guidance includes total company revenue of $21.341 billion to $21.374 billion, representing growth of 13% to 14%.For the fourth quarter of fiscal 2026, guidance includes total company revenue growth of 11% to 12%, GAAP earnings per share for the quarter of $0.73 to $0.79, and non-GAAP earnings per share of $3.56 to $3.62.