revenue growth
15–17 pct
FY 2021
official guidance
INTUIT INC.
Last · —$310.44+8.99 (+2.98%)live · yahoo · 2h ago
Market cap$88.20B—
P/E · TTM19.5fwd — · eps —
Beta—vs S&P 500
Div yield—annual · TTM
52w range
——
Volume—session
| Revenue | $20.9B |
|---|---|
| Operating income | $5.7B |
| Net income | $4.6B |
| Free cash flow | $7.4B |
| Operating margin | 27.5% |
| Net margin | 21.9% |
| Return on equity | 22.2% |
| Period | TTM 2026-04-30 |
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OpenFilings analyst
Our analyst
Agentic read of the latest earnings call — recommendation updates when we process a new transcript. Research synthesis, not investment advice.
Strong BuyBuyHoldSellStrong Sell
Attractive strategic upside is offset by low initial Credit Karma profitability and integration risk.
Hold: Intuit’s combined fiscal 2021 outlook calls for 15–17% revenue growth, $8.20–$8.40 non-GAAP EPS, and Credit Karma revenue of $545–$580 million, but Credit Karma contributes only $15–$35 million of segment operating income and dilutes combined non-GAAP operating margin by about 200 bps. The acquisition offers substantial cross-sell and data advantages, yet the near-term earnings profile and execution burden—especially migrating 22 million Turbo users—do not make this a clean post-call buy.
Themes
- Credit Karma Acquisition
- Fiscal 2021 Guidance
- Margin Dilution
- Turbo User Migration
- Personal Finance Platform
- Cross Sell
Near term
Credit Karma’s initial revenue and operating-income delivery against the $545–$580 million and $15–$35 million fiscal 2021 targets.
Execution of the planned migration of the majority of 22 million registered Turbo users to Credit Karma.
Tax-season performance and Intuit’s ability to deliver the standalone business’s expected 110 bps of non-GAAP operating-margin expansion.
Credit Karma’s expansion beyond credit cards and personal loans into insurance, auto loans, home loans, savings and checking.
Longer term
The combined platform could improve personalization and cross-selling through access to income, cash-flow, tax, debt and credit data, subject to customer consent.
Credit Karma’s ability to scale beyond its core verticals is central to the acquisition thesis; the call provided targets but little detail on the pace or economics of those new verticals.
Credit Karma is expected to remain a meaningful margin drag initially, while Intuit must prove that platform leverage and synergies can overcome the dilution.
Migration, privacy, cybersecurity and regulatory risks could undermine the proposed unified personal financial assistant and weaken customer trust.
The call contains no analyst competitive pushback or detailed discussion of displacement risk from banks, fintech platforms or other financial-product marketplaces.
Red flags
Credit Karma’s guided $15–$35 million segment operating income is modest relative to $545–$580 million of revenue, while the business dilutes combined non-GAAP operating margin by approximately 200 bps.
The planned sunset of Turbo and migration of most of its 22 million registered users creates material product-transition and retention risk.
Expected synergies, customer conversion rates and the economics of cross-selling tax, banking, lending and insurance products were not quantified.
Credit Karma segment margins will not be directly comparable with Intuit’s other segments because Credit Karma includes direct IT and facilities costs while other segments do not fully absorb corporate expenses.
Forward outlook
eps diluted
5.3–5.5 $per share
FY 2021
official guidance
adjusted eps
8.2–8.4 $per share
FY 2021
official guidance
revenue
545–580 $million
FY 2021
official guidance
operating margin
-2 pct
FY 2021
official guidance
operating margin
1.1 pct
FY 2021
official guidance
revenue growth
14–16 pct
Q2 2021
official guidance
eps diluted
0.43–0.49 $per share
Q2 2021
official guidance
adjusted eps
1.25–1.31 $per share
Q2 2021
official guidance
OpenFilings analyst view from primary-source filings and earnings calls — not investment advice.
From latest 10-K · 2026-09-09
- Ai Platform Execution
- Restructuring
- Tax Regulatory Risk
- Unsecured Lending
- Credit Karma
- Mailchimp Segment
- Ftc Litigation
- Seasonality
Red flags
- The company recorded a $293 million restructuring charge in fiscal 2026, primarily for severance and employee benefits, against estimated total restructuring costs of approximately $315 million.
- Business loans are unsecured; net business-loan receivables held for investment were $1.5 billion at July 31, 2026, while the company had $253 million of commitments to purchase additional originated loans.
- Consumer-loan purchases totaled $670 million in fiscal 2026, and net consumer-loan receivables rose to $94 million from $2 million a year earlier.
- An Ontario class action relating to free online tax preparation received class certification on July 24, 2026. Intuit also faces two shareholder class actions alleging misleading 2025-2026 statements, although the company cannot currently estimate a reasonably possible loss.
- The filing explicitly identifies intense competition from free and low-cost offerings, large established platforms, and competitors deploying AI; failure to monetize AI investments could pressure revenue and profitability.
Upcoming earnings
9:00 PM UTC+1
Period
Oct 2026
Est. EPS
$2.64
Est. revenue
4.3B
Earnings transcripts
- Issuer IR
Credit Karma Guidance Update Call Transcript Q1 2021 PDF
INTUIT INC.
- Issuer IR
Credit Karma Guidance Update Call Transcript Q1 2021 PDF
INTUIT INC.
- Issuer IR
Credit Karma Guidance Update Call Transcript PDF
INTUIT INC.
- Motley Fool
Intuit (INTU) Q4 2026 Earnings Call Transcript
INTUIT INC.
- Issuer webcast
PDF transcript of earnings release dated Q4 2026
INTUIT INC.
- Issuer webcast
Earnings Webcast Q3 2026 Transcript PDF
INTUIT INC.
Documents
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