Can Intuit's Key Growth Engines Power Strong Q4 Results?

As Intuit Inc. INTU prepares to report fourth-quarter fiscal 2026 results, investors will closely watch performance across TurboTax, Credit Karma and Global Business Solutions, which remain key growth drivers for the financial technology company.

In the third quarter, Consumer revenues increased 8% to $5.3 billion. TurboTax revenues rose 7% to $4.4 billion, supported by growing adoption of assisted tax solutions. Intuit expects TurboTax Live revenues to improve 36% to about $2.8 billion for fiscal 2026, while TurboTax Live customers are projected to grow 38%. The offering is expected to account for roughly 53% of total TurboTax revenues. Higher-value customers and increased use of assisted offerings are also expected to drive an approximately 11% increase in TurboTax Online ARPU.

Credit Karma revenues advanced 15% to $631 million in the third quarter, benefiting from strength in personal loans, auto insurance and home loans. Management expects Credit Karma revenues to grow approximately 19% for fiscal 2026.

Global Business Solutions also remains an important growth driver. Revenues increased 15% in the third quarter, while Online Ecosystem revenues grew 19%. QuickBooks Online Accounting revenues climbed 22%, and total online payment volume, including Bill Pay, surged 30%. For fiscal 2026, Intuit expects Global Business Solutions revenues to jump approximately 16%.

For the fourth quarter, Intuit anticipates total revenue growth of 11%-12% and non-GAAP earnings of $3.56-$3.62 per share. The Zacks Consensus Estimate for revenues is pegged at $4.27 billion, and for earnings, estimates stand at $3.59 per share, making sustained momentum across Credit Karma, TurboTax and QuickBooks a key focus.

How INTU’s Competitors Fared?

H&R Block HRB reported fiscal 2026 results with revenues increasing 4.9% to $3.95 billion, while adjusted EPS rose 13.9% to $5.31. Growth was supported by higher pricing and volumes in U.S. assisted tax preparation, international growth, and higher Wave subscription revenues and payments volume.

Paychex PAYX reported fourth-quarter fiscal 2026 results with quarterly revenues increasing 12% to $1.61 billion, while adjusted EPS grew 11% to $1.32. Management Solutions revenues rose 14%, aided by Paycor, higher product penetration and increased revenue per client.

INTU’s Price Performance, Valuation and Estimates

Shares of Intuit have rallied 18.1% over the past three months, outperforming the broader industry and the S&P 500 composite.

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In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 4.14X, which is at a discount to the industry average of 6.11X.

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Intuit’s estimate revisions reflect a negative trend. The Zacks Consensus Estimate for fiscal 2026 EPS has been revised downward by a cent to $23.85 over the past month. The consensus estimate for 2026 calls for 18.4% growth year over year.

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Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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