EARNINGS & CATALYSTS · November 12, 2026
Intuit earnings ahead: can new AI tools sustain QuickBooks growth? — November 19, 2026
Intuit’s November 19 earnings will test demand for its business software after new AI tools were unveiled. Watch QuickBooks growth, paid adoption and a changed profit-reporting basis.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Intuit Inc. (INTU) | November 19, 2026Issuer confirmed | After close | 2.46 | 4.31B |
1) When are earnings, and what is the benchmark?
Intuit has confirmed November 19, 2026 after close for fiscal first-quarter 2027 results, covering the quarter ended October 31. Management reaffirmed its outlook on September 17: revenue of $4.294–$4.313 billion and adjusted profit of $2.44–$2.48 per share. These are company forecasts, not reported results or analyst consensus.
2) Why does the profit definition matter?
Starting in fiscal 2027, Intuit includes stock-based employee compensation in adjusted profit. Its earlier adjusted results excluded that cost. The annual adjusted profit outlook of $22.88–$23.12 per share therefore cannot be compared directly with last year’s originally reported $24.27. Mailchimp also becomes a separate reporting segment, changing how business growth is presented.
3) What do the last two reports show?
Fourth-quarter revenue was $4.354 billion and adjusted profit was $4.03 per share, above dated Fiscal.ai estimates of $4.27 billion and $3.58. Third-quarter revenue of $8.558 billion and adjusted profit of $12.80 also exceeded the corresponding $8.54 billion and $12.57 estimates. Shares fell 3.2% from the August 25 close to August 26, and 20.0% from the May 20 close to May 21. Beating estimates alone did not ensure a positive reaction.
4) What does the price suggest?
Intuit closed at $342.64 on November 11. That equals about 20.8 times trailing reported profit and 14.9 times the midpoint of its fiscal 2027 adjusted profit guidance. A price-to-earnings ratio shows how much investors pay for each dollar of annual profit. The chart highlights recent lows around $333.50–$335 and highs around $364–$367; earnings can move shares beyond either area.
5) How the business makes money
Intuit sells QuickBooks accounting and payroll tools, TurboTax tax preparation, Mailchimp marketing software and other financial services. Credit Karma earns revenue by connecting consumers with financial products. Global Business Solutions generated about 60% of fiscal 2026 revenue, including Mailchimp under the old segment structure.
6) What to watch
On October 27, Intuit unveiled industry-specific Enterprise Suite editions and AI tools for accountants, invoicing and cash-flow management. The investment question is whether these tools increase paid adoption and customer retention enough to justify their development costs. QuickBooks Online Accounting revenue grew 20% in the last reported quarter. Watch the annual outlook for evidence that this momentum can continue.
7) Recently reported peers
ADP reported on October 28 that quarterly revenue reached $5.491 billion and adjusted profit was $2.82 per share, versus dated Fiscal.ai estimates of $5.48 billion and $2.77. It raised its annual adjusted profit-growth outlook to 10%–12% from 9%–11%. ADP offers context for payroll demand, but its outsourcing services and interest earned on client funds make it different from Intuit.
8) Risks into the report
Small-business spending can weaken, while competing AI products may pressure pricing or increase development costs. Mailchimp’s annual revenue outlook calls for a decline of up to 1% or no growth. Tax-season demand, financial-product referrals and data-security risks can also affect performance. Product announcements do not establish future sales.
9) Insider activity over the past three months
$0 bought and $407.02K sold in reported trades. 0% buy / 100% sell by value. 0 insiders bought only, 2 sold only, and 0 did both.
