Intuit Q2 Revenue Rises 17% to $4.65B, EPS Jumps 25%, Dividend Up 15%
Intuit posted fiscal Q2 revenues of $4.65 billion, up 17% year-over-year, and non-GAAP EPS of $4.15, a 25% increase, fueling an 18.3% stock gain. The board approved a 15% dividend hike to $1.20 per share and Intuit repurchased $961 million of stock while maintaining FY26 guidance.
1. Q2 Fiscal 2026 Results
Intuit reported Q2 fiscal 2026 revenue of $4.65 billion, up 17% year-over-year, and non-GAAP EPS of $4.15, a 25% increase. Global Business Solutions revenue rose 18% to $3.2 billion (21% excluding Mailchimp), and Consumer revenue grew 15% to $1.5 billion, led by Credit Karma’s 23% gain and a 12% jump in TurboTax revenue despite lower IRS filings.
2. Strategic Growth Drivers
Momentum is driven by Intuit’s AI and human intelligence (HI) platform, anchored by three strategic bets: delivering done-for-you experiences powered by AI and HI, centering money at the core of consumer and business services, and expanding mid-market reach through an AI-native ERP solution.
3. Capital Return Initiatives
The board approved a 15% dividend increase to $1.20 per share, payable April 17, 2026, and the company repurchased $961 million of stock in Q2. Intuit plans to further expand buybacks given strong cash flow and confidence in its growth trajectory.
4. Fiscal 2026 Outlook
Intuit reaffirmed fiscal 2026 guidance with revenue expected between $20.997 billion and $21.186 billion (12-13% growth) and non-GAAP EPS of $22.98–$23.18 (14-15% growth). The company anticipates 14-15% growth in Global Business Solutions, 8-9% in Consumer revenue (including 8% TurboTax, 10-13% Credit Karma, 2-3% ProTax), while Mailchimp’s return to double-digit growth is expected beyond fiscal 2026.