AI Takeaway
Intuit delivered a strong Q2 FY2026 with revenue rising 17.4% YoY to $4.65B and net income surging 47.1% to $693M, driven by robust operating leverage and expanding margins.
Revenue
$4.65B
++17.36% YoY
EPS (Basic)
$2.49
++48.21% YoY
Operating Income
$855M
++44.18% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
Intuit grew total revenue by 17.4% YoY to $4.65B in Q2 FY2026, reflecting continued momentum in its core software and platform businesses. This acceleration demonstrates the company's ability to scale its offerings effectively.
Source: Source: 10-Q Income Statement Data
Operating income jumped 44.2% YoY to $855M, with operating margin expanding approximately 342 basis points to 18.4% from 15.0% in the prior-year period. This indicates that revenue growth is outpacing cost growth, driving meaningful profitability improvement.
Source: Source: 10-Q Income Statement Data
Research and development expenses grew 16.8% YoY to $836M, representing a substantial portion of revenue and reflecting Intuit's continued investment in AI-driven product innovation and platform development.
Source: Source: 10-Q Income Statement Data
2 more insights available
Upgrade to unlockWith net income growing 47.1% and EPS rising 48.5% YoY, market expectations for continued high growth are elevated. Any deceleration in revenue or margin expansion could lead to significant stock price volatility. The company must consistently deliver strong results to justify its premium valuation.
Source: Source: 10-Q Income Statement Data
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $4.15 versus the $3.74 analyst consensus — a +11.0% beat for Q2 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $4.65B | $3.96B | +17.36% |
Operating Income | $855M | $593M | +44.18% |
Net Income | $693M | $471M | +47.13% |
EPS (Basic) | $2.49 | $1.68 | +48.21% |
EPS (Diluted) | $2.48 | $1.67 | +48.50% |
R&D Expense | $836M | $716M | +16.76% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $34.28B | $31.68B | +8.21% |
Current Assets | $11.7B | $9.13B | +28.11% |
Total Liabilities | $15.23B | $13.73B | +10.88% |
Current Liabilities | $8.84B | $7.18B | +23.19% |
Stockholders' Equity | $19.05B | $17.95B | +6.16% |
Cash & Equivalents | $2.94B | $2.44B | +20.82% |
Long-Term Debt | $6.16B | $6.26B | -1.60% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $2.21B | $1.43B | +54.23% |
Investing Cash FlowYTD | $498M | $-677M | +173.56% |
Financing Cash FlowYTD | $-5.41B | $-2.5B | -116.45% |
Dividends PaidYTD | $682M | $596M | +14.43% |
Share BuybacksYTD | $1.79B | $1.27B | +40.27% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 18.4% | 15.0% | +3.42% |
Net Margin | 14.9% | — | — |
ROE | 3.6% | — | — |
ROA | 2.0% | — | — |
Current Ratio | $1.323 | — | — |
Debt to Equity | $0.799 | — | — |
Other companies in Application Software
Intuit delivered strong Q2 FY2026 results with revenue of $4.65B, up 17.4% YoY, and net income of $693M, up 47.1% YoY. Diluted EPS came in at $2.48, a 48.5% increase versus the prior-year quarter, reflecting both earnings growth and share buybacks.
Intuit's 17.4% revenue growth to $4.65B in Q2 FY2026 was supported by its diversified platform spanning tax preparation, small business accounting, and financial services. The company also continued to invest heavily in R&D at $836M, suggesting ongoing product innovation as a key growth driver.
Intuit's financial health appears solid, with $2.94B in cash, a current ratio of 1.32, and a manageable debt-to-equity ratio of 0.80. The company generated $2.21B in operating cash flow on a fiscal year-to-date basis, providing ample resources to fund operations, dividends, and buybacks.
On a fiscal year-to-date basis through Q2 FY2026, Intuit returned approximately $2.47B to shareholders, comprising $1.79B in share repurchases (up 40.3% YoY) and $682M in dividends (up 14.4% YoY). This aggressive capital return program reflects management's confidence in the company's cash generation ability.
Key risks include the high level of R&D spending ($836M, up 16.8% YoY) that must translate into competitive products, rising current liabilities (up 23.2% YoY) narrowing the liquidity cushion, and $6.16B in long-term debt. Additionally, elevated market expectations following 47% net income growth create risk if growth decelerates.