Intuit said total net revenue for Q2 of fiscal 2026 rose $688 million (17%), operating income rose $262 million (44%), and net income rose $222 million (47%). Diluted net income per share was $2.48, compared with $1.67 for the same quarter a year earlier.

1. 01

   Intuit said total net revenue for Q2 of fiscal 2026 rose $688 million (17%), operating income rose $262 million (44%), and net income rose $222 million (47%). Diluted net income per share was $2.48, compared with $1.67 for the same quarter a year earlier.

2. 02

   The company said Global Business Solutions segment revenue rose $493 million (18%) and Consumer segment revenue rose $195 million (15%) in Q2. It cited growth in Online Ecosystem revenue, strength in Credit Karma's personal loan, credit card and insurance verticals, and growth in TurboTax's assisted tax and consumer money offerings as factors.

3. 03

   Intuit said total operating expenses rose $320 million (13%) in Q2. The increases came from staffing ($117 million), marketing ($84 million), outside services ($44 million) and share-based compensation ($39 million). It also said operating expenses as a percentage of revenue declined.

4. 04

   The company said cash, cash equivalents and investments were $3.0 billion as of January 31, 2026, down $1.6 billion from July 31, 2025. As of the same date, there were no borrowings under the $2.2 billion revolving credit facility or the $5.8 billion short-term credit facility, and the share repurchase authorization was $3.5 billion.

Key figures

Quarter ended January 31, 2026

Revenue

$4.7B

Operating income

$855M

Net income

$693M

EPS

$2.48

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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