# Intuit Inc. (INTU) — Material Current Events

## Filings that contain financial statements

- **8-K filed August 25, 2026 (accession 0000896878-26-000029), Exhibit 99.01** — furnishes Intuit's GAAP consolidated statements of operations, condensed consolidated balance sheets, and condensed consolidated statements of cash flows for the fourth quarter and full fiscal year ended July 31, 2026, along with GAAP-to-non-GAAP reconciliations by quarter for fiscal 2026 and fiscal 2025. This is currently the only source for full fiscal-year 2026 results; no Form 10-K covering fiscal 2026 has been filed yet.
- **8-K filed May 20, 2026 (accession 0000896878-26-000024), Exhibit 99.01** — furnishes results tables for the fiscal quarter and nine months ended April 30, 2026, including the GAAP statement of operations and non-GAAP reconciliation.
- **8-K filed February 26, 2026 (accession 0000896878-26-000012), Exhibit 99.01** — furnishes results tables for the fiscal quarter and six months ended January 31, 2026.
- **8-K filed November 20, 2025 (accession 0000896878-25-000046), Exhibit 99.01** — furnishes results tables for the fiscal quarter ended October 31, 2025 (first quarter of fiscal 2026).
- **8-K filed November 20, 2025 (accession 0000896878-25-000050), Exhibit 99.01** — files recast consolidated financial statements for fiscal years 2023–2025 reflecting Intuit's new segment structure; see "Segment reorganization recast (November 20, 2025)" below.
- **8-K filed August 21, 2025 (accession 0000896878-25-000031), Exhibit 99.01** — furnishes results tables for the fourth quarter and full fiscal year ended July 31, 2025; see "Fourth-quarter and full-year fiscal 2025 results (August 21, 2025)" below.

## Fourth-quarter and full-year fiscal 2026 results, fiscal 2027 guidance (August 25, 2026)

Intuit reported results for the fiscal quarter and full year ended July 31, 2026, and issued fiscal 2027 guidance (8-K, accession 0000896878-26-000029; Exhibit 99.01).

- Full-year revenue rose 14% to $21.4 billion; fourth-quarter revenue rose 14% to $4.4 billion.
- Full-year GAAP operating income rose 20% to $5.9 billion; full-year GAAP diluted EPS rose 20% to $16.46. Full-year non-GAAP operating income rose 18% to $8.9 billion; non-GAAP diluted EPS rose 20% to $24.27.
- Fourth-quarter results included $293 million of restructuring charges tied to the workforce-reduction plan announced in May 2026 (see below).
- Cash and investments totaled $7.2 billion and total debt was $7.7 billion as of July 31, 2026, reflecting the $1.75 billion senior notes issuance completed in June 2026.
- Full fiscal year 2026 share repurchases totaled $5.5 billion, up 96% year over year; $7.9 billion of repurchase authorization remained as of the report date.
- The Board approved a quarterly cash dividend of $1.38 per share (a 15% increase over the prior year), payable October 16, 2026 to shareholders of record as of October 8, 2026.
- **Segment reporting change:** effective August 1, 2026, Intuit began managing Mailchimp as a separate operating segment from Global Business Solutions; Mailchimp will become its own reportable segment starting in fiscal 2027.
- **Non-GAAP definition change:** effective August 1, 2026 (fiscal 2027), Intuit will no longer exclude share-based compensation expense from its non-GAAP financial measures, a change management says better reflects share-based compensation as a recurring component of core operating results. Guidance for fiscal 2027 below already reflects this change.
- **Fiscal 2027 guidance** (reflecting both the segment and non-GAAP definition changes): full-year GAAP revenue of $23.28–$23.51 billion (9–10% growth); GAAP operating income of $7.41–$7.49 billion (26–27% growth); GAAP diluted EPS of $20.12–$20.36 (22–24% growth); non-GAAP operating income of $8.06–$8.15 billion (17–18% growth, inclusive of an estimated $2.02 billion of share-based compensation expense); non-GAAP diluted EPS of $22.88–$23.12 (23–24% growth, inclusive of an estimated $5.81 per-share impact from share-based compensation). First-quarter fiscal 2027 guidance calls for revenue of $4.29–$4.31 billion (11% growth).
- Intuit scheduled its annual Investor Day for September 17, 2026.

## Third-quarter fiscal 2026 results and raised full-year guidance (May 20, 2026)

Intuit reported fiscal third-quarter results (quarter ended April 30, 2026) and raised full-year fiscal 2026 guidance (8-K, accession 0000896878-26-000024; Exhibit 99.01).

- Third-quarter revenue grew 10% to $8.6 billion; GAAP operating income grew 8% to $4.0 billion; GAAP diluted EPS grew 11% to $11.09; non-GAAP diluted EPS grew 10% to $12.80.
- Intuit raised full fiscal-year 2026 guidance to revenue of $21.34–$21.37 billion (13–14% growth), GAAP operating income of $5.71–$5.73 billion, non-GAAP operating income of $8.78–$8.80 billion, GAAP diluted EPS of $15.79–$15.84, and non-GAAP diluted EPS of $23.80–$23.85.
- On May 7, 2026, the Board approved an increase in the authorization under Intuit's existing stock repurchase program of up to an additional $8 billion, as announced alongside these results; the Board also approved a quarterly dividend of $1.20 per share (a 15% increase year over year), payable July 17, 2026.

## Restructuring plan (announced May 20, 2026)

The same 8-K (accession 0000896878-26-000024) disclosed a workforce restructuring: Intuit will reduce its full-time workforce by approximately 17% and is considering closing certain sites, as part of a plan to simplify its organizational structure. The company estimated $300–$340 million of related charges, primarily in the fiscal fourth quarter ended July 31, 2026, consisting mainly of severance and employee-benefit cash costs, with substantially all actions expected to be completed by the first quarter of fiscal 2027 (ending October 31, 2026), subject to local law requirements. Actual fourth-quarter restructuring charges came in at $293 million, within the estimated range (per the August 25, 2026 earnings release above).

## Leadership change (April 28, 2026)

Marianna Tessel, Executive Vice President and General Manager of the Small Business Group, will step down from that role effective May 31, 2026, remaining with Intuit in an advisory capacity until July 2, 2026. Ashley Still, Executive Vice President and General Manager of the Mid-Market Group, will expand her role to lead both the Mid-Market and Small Business Groups (8-K, accession 0000896878-26-000020).

## Senior notes offering (June 11, 2026)

Intuit issued $1.75 billion of senior notes in a registered offering: $750 million of 4.950% Senior Notes due 2031 and $1.0 billion of 5.500% Senior Notes due 2036, priced under an underwriting agreement dated June 8, 2026. Net proceeds were approximately $1.74 billion, intended for general corporate purposes, which may include refinancing $750 million of 5.250% Senior Notes due 2026 and $500 million of 1.350% Senior Notes due 2027 (8-K, accession 0001193125-26-267866).

## Share repurchase acceleration and insider trading plan terminations (March 16, 2026)

Intuit's founder and executive leadership team terminated all outstanding pre-scheduled Rule 10b5-1 stock sale plans. The company reiterated its intent to substantially accelerate share repurchases, planning to use up to $3.5 billion remaining under its board authorization as of January 31, 2026; it had repurchased $1.8 billion of shares in the first half of fiscal 2026, a 40% increase over the prior year (8-K, accession 0000896878-26-000017).

## Second-quarter fiscal 2026 results (February 26, 2026)

Revenue grew 17% to $4.7 billion; GAAP operating income grew 44% to $855 million; GAAP diluted EPS grew 49% to $2.48; non-GAAP diluted EPS grew 25% to $4.15. Full-year guidance was reiterated. The Board approved a quarterly dividend of $1.20 per share, payable April 17, 2026 (8-K, accession 0000896878-26-000012).

## Credit facilities (January 2026)

- **January 9, 2026:** Intuit entered into a new $2.2 billion unsecured revolving credit facility maturing January 9, 2031, replacing its prior credit agreement dated February 5, 2024, and available for working capital and general corporate purposes, with capacity to increase commitments by up to $4 billion (8-K, accession 0000896878-26-000004).
- **January 30, 2026:** Intuit entered into a separate $5.8 billion unsecured short-term revolving credit facility maturing March 31, 2026, restricted to funding its TurboTax early tax refund offering (8-K, accession 0000896878-26-000008). Per the February 26, 2026 earnings release, this facility was terminated effective February 26, 2026, once the seasonal need had passed.

## Annual meeting results and director compensation (January 22, 2026)

At its Annual Meeting, Intuit stockholders elected eleven directors, approved executive compensation on an advisory basis, and ratified Ernst & Young LLP as independent auditor for fiscal 2026. A stockholder proposal requesting a report on the return on investment of the company's diversity and inclusion programs was not approved. The Board also approved an amended Non-Employee Director Compensation Program effective January 22, 2026 (8-K, accession 0000896878-26-000006).

## First-quarter fiscal 2026 results and new board appointments (November 20, 2025)

Revenue for the quarter ended October 31, 2025 grew 18% to $3.9 billion; GAAP operating income grew 97% to $534 million; GAAP diluted EPS grew 127% to $1.59. Full-year guidance was reiterated. The Board approved a quarterly dividend of $1.20 per share, payable January 16, 2026. Separately, the Board appointed Adena Friedman and Bill McDermott as directors, both effective August 1, 2026 (8-K, accession 0000896878-25-000046).

## Segment reorganization recast (November 20, 2025)

Effective August 1, 2025, Intuit combined its Consumer, Credit Karma, and ProTax businesses into a single Consumer segment, operating since that date as two reporting segments: Consumer and Global Business Solutions. To reflect this change, Intuit filed, under Item 8.01 (Other Events), a Form 8-K recasting certain previously reported financial information and disclosures from its fiscal 2025 Form 10-K (Business, Properties, MD&A, and Financial Statements sections) for fiscal years 2023 through 2025 under the new segment structure. Intuit states explicitly that this recast is not a restatement of previously issued financial statements and does not amend or restate its audited consolidated financial statements; it is presented for informational purposes to illustrate the effect of the segment change (8-K, accession 0000896878-25-000050; Exhibit 23.01 auditor consent and Exhibit 99.01 recast disclosures, both filed as exhibits under Item 9.01).

## Executive transition (June 2025)

Laura Fennell, Executive Vice President and Chief People & Places Officer since 2018, transitioned to a new role effective July 31, 2025, under a Transition Agreement pursuant to which she will continue to be employed by the Company through September 1, 2027. Caryl Hilliard, previously Senior Vice President, People & Places, became Chief People & Places Officer effective August 1, 2025 (8-K, accession 0000896878-25-000027).

## Fourth-quarter and full-year fiscal 2025 results (August 21, 2025)

Intuit reported results for the quarter and full year ended July 31, 2025, and declared a quarterly dividend of $1.20 per share, payable October 17, 2025 (8-K, accession 0000896878-25-000031). These figures serve as the comparative base for the fiscal 2026 results discussed above.

## Third- and second-quarter fiscal 2025 results (May 22, 2025 and February 25, 2025)

Intuit reported quarterly results and declared cash dividends of $1.04 per share in each of these releases (8-Ks, accessions 0000896878-25-000020 and 0000896878-25-000013).