Intuit (NASDAQ:INTU) Crosses $21 Billion in Annual Revenue as AI-Powered Big Bets Accelerate Growth

Aditi Sarkar

11 November 2026 03:14 PM AEDT

Intuit (NASDAQ:INTU) Crosses $21 Billion in Annual Revenue as AI-Powered Big Bets Accelerate Growth

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Highlights

Full-year FY2026 total Revenue of $21.4 billion, up 14% year-over-year, surpassing the $20 billion milestone for the first time
Big Bets — Assisted Tax, Money, and Mid-Market — grew 34% collectively and represented 30% of full-year revenue
Non-GAAP EPS of $24.27, up 20% year-over-year; GAAP EPS of $16.46, also up 20% year-over-year
FY2027 guidance of $23.28–$23.51 billion in total revenue, representing 9–10% growth

Intuit (NASDAQ:INTU), the global financial technology platform behind TurboTax, QuickBooks, Credit Karma, and Mailchimp, surpassed $21 billion in annual revenue for the first time in fiscal year 2026, delivering 14% top-line growth. The company's strategic focus on AI-powered "Big Bets" — large addressable markets where Intuit is investing aggressively — is delivering above-market growth and driving a meaningful shift in revenue mix toward higher-value, recurring services.

Big Bets Strategy Drives Above-Market Growth

Intuit's Big Bets framework — comprising Assisted Tax (TurboTax Live), Money (online payments and financial services), and Mid-Market (Intuit Enterprise Suite) — collectively grew 34% year-over-year and represented 30% of full-year FY2026 revenue. This compares favourably with the company's overall 14% revenue growth rate, confirming the thesis that Big Bets are the primary growth engine and will continue to expand their share of the revenue mix.

TurboTax Live revenue grew 37% year-over-year, with TurboTax Live now representing 53% of total TurboTax revenue — a significant structural shift toward assisted, higher-value tax preparation services. Mid-market revenue grew 39%, while online payment Volume rose 30% for the year to more than $225 billion, reflecting deep integration of Intuit's financial services within the small Business ecosystem.

Small Business and QuickBooks Performance

Global Business Solutions revenue grew 16% to $12.9 billion for the full year, with Online Ecosystem revenue increasing 19% to $9.9 billion. QuickBooks Online Accounting revenue specifically grew 23%, driven by effective pricing, customer growth, and product mix shift toward premium tiers. Online Services revenue grew 24% excluding Mailchimp, reflecting strong Demand for payroll, payment, and lending products bundled within the QuickBooks platform.

Credit Karma and Consumer Segment

Credit Karma contributed $2.6 billion in revenue for the full year, up 20% year-over-year, as consumer demand for personal loans, auto insurance, and credit card services remained robust. The consumer segment overall grew 11% to $8.6 billion. Intuit Enterprise Suite achieved annualised revenue exceeding $145 million, validating the company's expansion into the mid-market segment.

FY2027 Guidance and Strategic Priorities

For fiscal year 2027, Intuit guided total revenue of $23.28–$23.51 billion, representing 9–10% growth, with non-GAAP EPS of $22.88–$23.12. The deceleration from FY2026's 14% growth reflects some TurboTax normalisation and consumer segment moderation. Management reaffirmed a commitment to returning to durable double-digit companywide revenue growth over the longer term, powered by continued Big Bets expansion and new customer acquisition.

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