Intuit reported third quarter fiscal 2026 revenue of $8.6 billion, up 10% year-over-year, and non-GAAP EPS of $12.80. Both figures exceeded analyst expectations. Alongside the results, the company raised its full-year 2026 revenue guidance and announced a significant 17% workforce reduction.
Key Highlights
- Global Business Solutions revenue grew 15% to $3.3 billion, led by a 19% increase in Online Ecosystem revenue.
- Consumer Group revenue increased 8% to $5.3 billion, with Credit Karma revenue accelerating to 15% growth year-over-year.
- Intuit raised its full-year fiscal 2026 revenue growth guidance to a range of 13% to 14% and announced a 17% workforce reduction expected to incur $300 million to $340 million in charges.