A financial technology company whose tools touch everyday money: QuickBooks and Mailchimp for businesses, TurboTax for tax filing, and Credit Karma for personal finance. It began in 1983 when Scott Cook and programmer Tom Proulx built Quicken to help Cook's wife balance the family checkbook. The name "Intuit" comes from "intuition"—software meant to be so simple it needed no instruction manual.
Q3 FY2026 revenue rose 10% to $8.6B with operating income up 8% to $4.0B
The tax-season quarter drove a sharp sequential swing back to profit. rose 10% to $8.6B and rose 10.7% to $11.09 as grew 15% and grew 8%, with up 8% to $4.0B. The company carries $14.0B in into a costing up to $340M.
Key takeaways
rose 10% to $8.6B in Q3 FY2026, with up 15% to $3.3B and up 8% to $5.3B, the latter fueled by a 7% increase in and a 15% rise in from personal loan and insurance verticals.
grew 8% to $4.0B as the 10% increase was partially offset by higher outside services, staffing, marketing, and .
rose 10.7% to $11.09 and rose 8.7% to $3.1B, with up 20.6% to $5.3B sequentially from the tax-season collections.
Section summaries
Management's Discussion and Analysis
Q3 FY2026 revenue rose 10% to $8.6B, driven by 15% growth in Global Business Solutions and 8% in Consumer, with operating income up 8%.
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Total net increased 10% to $8.6B in Q3 FY2026, with up 15% to $3.3B and up 8% to $5.3B.
The company announced a expected to incur $300M–$340M in charges, primarily in Q4 FY2026, to simplify the organization and reduce workforce.
Cash and investments stood at $6.8B and the company entered an $2.2B in January 2026 with no amounts drawn as of April 30, 2026.
What changed
Q3 FY2026 rose 15% within the , extending the recovery flagged in prior filings after the 32% FY2025 full-year rise, though the quarterly pace is below the 23%–27% seen in Q1 and Q2 FY2026.
and federal units were not reported as figures this quarter; the permanent IRS Direct File expansion remains a flagged risk carried into the risk-factor update.
Cash and investments rebuilt to $6.8B from $3.0B at January 31, 2026 after $5.4B in Q2 financing outflows, settling the prior watch item on rebuild.
No charge on the $14.0B was reported this quarter, consistent with the carryover watch item from the FY2025 10-K.
Risk factors were restated to emphasize AI disruption, the EU AI Act, and AI-driven cybersecurity threats as added competitive and regulatory exposures versus the prior annual report.
What to watch
Q4 FY2026 restructuring charges of $300M–$340M and their effect on
Q1 FY2027 growth to confirm the 15% Q3 pace holds as loan verticals face macro pressure
FY2026 and federal units against the permanent IRS Direct File option once the season completes
Any charge on the $14.0B in the next filing given AI and regulatory risks flagged
growth was led by a 19% increase in , driven by higher effective prices, customer growth, and mix shift in and .
growth was fueled by a 7% increase in from assisted tax and consumer money offerings, and a 15% rise in from personal loan and insurance verticals.
grew 8% to $4.0B, as gains were partially offset by higher expenses for outside services, staffing, marketing, and .
The company announced a restructuring plan expected to incur $300M–$340M in charges, primarily in Q4 FY2026, to simplify the organization and reduce workforce.
Liquidity remained strong with $6.8B in cash and investments, and rose $1.7B to $7.5B for the first nine months, supporting increased share repurchases and dividends.
Quantitative and Qualitative Disclosures About Market Risk
There were no material changes to our quantitative and qualitative disclosures about market risk during the nine months ended April 30, 2026, except as described below. On January 9, 2026, we terminated our amended and restated credit agreement dated February 5, 2024, and entere…
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There were no material changes to our quantitative and qualitative disclosures about market risk during the nine months ended April 30, 2026, except as described below.
On January 9, 2026, we terminated our amended and restated credit agreement dated February 5, 2024, and entered into a credit agreement with certain lenders providing for a $2.2 billion unsecured revolving credit facility that expires on January 9, 2031 (2026 Credit Facility). We are exposed to the impact of changes in interest rates as they affect the 2026 Credit Facility. Advances under the 2026 Credit Facility accrue interest at rates equal to (a) in the case of U.S. dollar borrowings, at our
Intuit Q3 Fiscal 2026 Form 10-Q 47
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election, either (i) the alternate base rate plus a margin that ranges from 0.000% to 0.125%, or (ii) the term Secured Overnight Financing Rate (SOFR) plus a margin that ranges from 0.700% to 1.125%, or (b) in the case of foreign currency borrowings, the interest benchmark for the relevant currency specified in the credit agreement plus a margin that ranges from 0.700% to 1.125%. Consequently, our interest expense fluctuates with changes in the general level of these interest rates. As of April 30, 2026, no amounts were outstanding under the 2026 Credit Facility. See Note 6 to the condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q.
See Part II, Item 7A of our Annual Report on Form 10-K for the fiscal year ended July 31, 2025 for a detailed discussion of our other market risks.
Intuit Q3 Fiscal 2026 Form 10-Q 48
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See Note 11 to the condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q for a description of legal proceedings.
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See Note 11 to the condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q for a description of legal proceedings.
Intense competition, AI disruption, security threats, and evolving regulation pose material risks to Intuit's growth and financial results.
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Intense competition from free offerings and potential government-run tax filing systems threatens Intuit's consumer tax business, with the IRS Free File Program and advocacy for direct filing posing ongoing risks.
Rapid technological change, including AI, requires continuous innovation; failure to adapt or realize benefits from AI investments could harm competitive position and growth.
Cybersecurity incidents, including sophisticated AI-driven attacks, could lead to unauthorized data disclosure, reputational damage, and loss of customer confidence, with heightened risk from hybrid work and interconnected systems.
Evolving privacy and AI regulations, such as the EU AI Act and state laws, may increase compliance costs and limit product development, while complex tax laws and accuracy demands create product liability risks.
Adverse macroeconomic conditions, including inflation and rising interest rates, may reduce consumer and small business spending, increase loan defaults in Intuit's lending business, and disrupt partner activity on 's platform.
Seasonality in the tax business and potential fluctuations from tax law changes or filing delays could cause significant quarterly financial variability.