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Intuit Highlights 'Outstanding' Q2 Results, Reiterated Guidance
Intuit executives point to broad-based momentum, AI-powered capabilities, and durable competitive advantages
Published on Feb. 27, 2026
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Intuit (NASDAQ:INTU) executives highlighted 'outstanding' second quarter fiscal 2026 results, including 17% revenue growth, and reiterated full-year guidance. They cited broad-based momentum across Intuit's business and consumer platforms, as well as a durable competitive advantage built on proprietary data, domain-specific AI, and human expertise.
Why it matters
Intuit's strong performance and optimistic outlook underscore the company's ability to leverage AI and human intelligence to drive growth across its financial software and services offerings, from tax preparation to small business accounting. The results also highlight Intuit's efforts to expand its mid-market and assisted tax offerings, which could position the company for continued success.
The details
Key highlights from Intuit's Q2 earnings call include: 18% growth in the Global Business Solutions Group, 21% growth in online ecosystem revenue (excluding Mailchimp), over 3 million customers using AI agents with 85%+ repeat engagement, and a 50%+ increase in QuickBooks Live customer growth. In the Consumer Group, TurboTax revenue grew 12% despite IRS returns being down more than 5 points through early February. Intuit also emphasized its expansion in assisted tax, with 5.1 million total unique visitors to landing pages and in-store visits so far this tax season.
- Intuit reported Q2 fiscal 2026 results on February 27, 2026.
- Through February 6, 2026, the IRS reported that overall returns were down more than 5 points compared to the prior year.
- Intuit's Q3 fiscal 2026 is expected to see some margin impacts due to a slower start to tax season and changes in marketing/customer success spending.
The players
Intuit
An American financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals.
Sasan Goodarzi
Chairman and CEO of Intuit.
Sandeep Aujla
Chief Financial Officer of Intuit.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”
— Gordon Edgar, grocery employee (Instagram)
What’s next
Intuit reaffirmed its fiscal 2026 guidance, including total company revenue growth of 12% to 13%, Global Business Solutions Group revenue growth of 14% to 15%, and Consumer Group revenue growth of 8% to 9%. The company also guided to Q3 total company revenue growth of 10%.
The takeaway
Intuit's strong Q2 performance and optimistic outlook highlight the company's ability to leverage AI and human expertise to drive growth across its financial software and services offerings. The results also demonstrate Intuit's progress in expanding its mid-market and assisted tax capabilities, positioning the company for continued success in a rapidly evolving financial technology landscape.
