Intuit’s strategic growth initiatives are becoming a much larger part of the financial technology company’s revenue base, with its Big Bets collectively growing 34% during fiscal 2026 and representing 30% of full-year revenue.
Total fiscal 2026 revenue increased 14% to $21.4 billion, taking Intuit above $20 billion of annual revenue. Global Business Solutions revenue increased 16% to $12.9 billion, while Online Ecosystem revenue increased 19% to $9.9 billion.
The company’s Big Bets grew more than twice as fast as its overall revenue base. Intuit is using those initiatives to expand beyond traditional tax and accounting software into assisted services, Credit Karma, money movement and broader AI-driven workflows.
TurboTax Live revenue increased 37% and represented 53% of total TurboTax revenue. Credit Karma revenue increased 20% to $2.6 billion. QuickBooks Online Accounting revenue increased 23%, while Online Services revenue grew 16%, or 24% excluding Mailchimp.
Profit growth also exceeded top-line growth. GAAP operating income increased 20% to $5.9 billion, while non-GAAP operating income increased 18% to $8.9 billion. GAAP EPS and non-GAAP EPS each increased 20%.
Intuit repurchased $5.5 billion of stock during fiscal 2026, up 96% from the prior year, and ended the year with $7.9 billion of remaining repurchase authorization. The company also increased its quarterly dividend 15% to $1.38 per share.
Beginning in fiscal 2027, Intuit will stop excluding stock-based compensation from its non-GAAP measures, saying the expense is a recurring component of compensation and should be reflected in core operating results.
KEY QUOTES:
“We surpassed $20 billion in revenue for the full year with growth fueled by our Big Bets which collectively grew 34 percent and represented 30 percent of full-year revenue.”
Sasan Goodarzi, Chairman and Chief Executive Officer of Intuit
