Intuit Inc. INTU is set to report its third-quarter fiscal 2026 results on May 20, after market close. The company’s quarterly results are likely to display year-over-year growth in revenues and earnings per share (EPS).
In the previous quarter, this Mountain View, CA-based company reported an EPS of $4.15, beating the Zacks Consensus Estimate of $3.66. Results reflected a year-over-year increase in revenues. Solid growth in Global Business Solutions revenues and Consumer segment revenues was noticed.
This global fintech platform, which includes Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with the average beat being 7.97%. This is depicted in the graph below:
Intuit Inc. Price and EPS Surprise
Intuit Inc. price-eps-surprise | Intuit Inc. Quote
Factors to Consider Ahead of INTU’s Results
Intuit’s strategy of shifting its business to a cloud-based subscription model is likely to have generated stable revenues in the quarter. The company’s growth is underpinned by a highly predictable revenue model. Intuit’s fintech leadership, paired with its strength in marketing and cross-selling across widely used platforms, establishes a durable moat that underpins steady revenue momentum and supports sustained long-term earnings growth.
In the third quarter, Intuit’s Global Business Solutions segment is likely to report growth due to its strong performance in QuickBooks Online Accounting, driven by customer growth, higher effective prices and a favorable mix shift.
Consumer Group segment growth is likely to have been propelled by the TurboTax platform, particularly the TurboTax Live service, which has seen rapid expansion.
Credit Karma is likely to report solid revenue growth in the quarter, buoyed by strength in personal loans, credit cards and auto insurance offerings. Similarly, ProTax revenues are likely to have risen, driven by demand from professional tax preparers.
Last month, Intuit completed the Federal Reserve’s certification and readiness program for the FedNow Service. This marks the company’s readiness to offer instant payments, enabling businesses to get paid faster, access funds immediately and manage cash flow. While this certification had only a brief window to influence third-quarter results, it is likely to have provided a modest lift to payment volumes and fee revenues.
Q3 Projections for INTU
For the third quarter of fiscal 2026, management has guided revenues to grow 10% and non-GAAP EPS between $12.45 and $12.51.
