Intuit sees FY27 revenue growth nearly halving pace from fiscal 2026 as restructuring charge, Mailchimp weakness weigh
INTU•Growth drivers and charges
- Big Bets products and platforms grew 34% and drove overall revenue growth, according to CEO Sasan Goodarzi.
- Global Business Solutions and Online Ecosystem segments saw double-digit revenue increases, with QuickBooks Online Accounting up 20% in Q4 due to higher prices, customer growth, and mix shift.
- Credit Karma revenue rose 16% in Q4, driven by strength in personal loans, auto insurance, and credit cards.
- A $293 million Q4 restructuring charge reduced operating income.
Key figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Revenue | Beat | $4.35 billion | $4.27 billion (24 Analysts) |
| Q4 Adjusted EPS | Beat | $4.03 | $3.58 (25 Analysts) |
| Q4 EPS | $1.34 | ||
| Q4 Net Income | $363 million | ||
| Q4 Operating Income | Miss | $475 million | $1.30 billion (23 Analysts) |
| Q4 Pretax Profit | Miss | $540 million | $1.30 billion (16 Analysts) |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell". The average consensus recommendation for the financial technology peer group is "buy". Wall Street's median 12-month price target for Intuit Inc. is $425.00, about 14.9% above its August 24 closing price of $369.92. The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago.
