Intuit Shares Drop 5% Despite Q4 Beat As FY26 Outlook Disappoints

Intuit Inc. (NASDAQ:INTU) posted fourth-quarter results that topped Wall Street expectations, but shares fell more than 5% in premarket trade Friday after the company issued a fiscal 2026 outlook that failed to impress some investors. Analysts pointed to slowing momentum in the company's Global Business Solutions Group (GBSG) unit as a driver of the decline.

The financial software company, known for TurboTax and QuickBooks, reported Q4 earnings of $2.75 per share, beating consensus estimates of $2.66. Revenue rose to $3.8 billion, above the $3.74 billion expected.

For fiscal 2026, Intuit projected earnings of $22.98 to $23.18 per share and revenue between $20 billion and $21.2 billion. Analysts were looking for $22.99 per share on revenue of $21.1 billion.

CEO Sasan Goodarzi described fiscal 2025 as “exceptional,” highlighting revenue growth of 20% in the fourth quarter and 16% for the full year. He credited artificial intelligence tools for enhancing the company's platforms.