Intuit announced a multiyear partnership with Anthropic on February 24, 2026. The collaboration integrates custom AI agents into Intuit’s platform for mid-sized businesses and consumers. This agreement enables compliant AI workflows using TurboTax and Credit Karma tools within Anthropic’s Claude to address ongoing AI disruption concerns.
INTU shares rallied between 5% and 6% in pre-market trading following the announcement. The stock reversed those gains to close down 0.23% at $358.71. Shares fell an additional 0.20% to $358.00 in after-hours trading, underperforming the broader market.
The company is scheduled to report Q2 earnings on February 26. Intuit stock has declined sharply year-to-date amid persistent AI-related market anxiety. The equity currently trades significantly below analyst price targets.