Intuit (INTU) Q3 FY2026 earnings: revenue $8.6 billion, up 10.4% on the year

Intuit Inc. (INTU) reported revenue of $8.6 billion for Q3 FY2026, the quarter ended 30 April 2026, up 10.4% on the same quarter a year earlier. Net income was $3.1 billion, up 8.7% on the year, and diluted earnings per share $11.09. The figures are the company's own, from the 10-Q it filed with the SEC on 20 May 2026.

Revenue

$8.6 billion

+10.4% on the year · +84.0% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

47.0%

48.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

$3.1 billion

+8.7% on the year · +342.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$11.09

+10.7% on the year · +347.2% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 8 raised, 2 lowered, 12 new, 2 kept.

Revenue rose 10 percent: Total revenue for the quarter was $8,558 million, up from $7,754 million a year earlier. Nine-month revenue was $17,094 million against $15,000 million.
Growth engines cited by management: Management named disrupting assisted tax, expanding the money portfolio and mid-market business growth above 30 percent as the growth engines behind the quarter.
Global Business Solutions and Online Ecosystem grew: Global Business Solutions revenue reached $3.3 billion and Online Ecosystem revenue $2.5 billion in the quarter, against prior-year levels.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	8,558	4,651	7,754	+84.0%	+10.4%
Cost of revenue	1,374	1,043	1,194	+31.7%	+15.1%
Gross profit	7,184	3,608	6,560	+99.1%	+9.5%
Gross margin	83.9%	77.6%	84.6%
Research and development	840	836	707	+0.5%	+18.8%
Operating income	4,020	855	3,720	+370.2%	+8.1%
Operating margin	47.0%	18.4%	48.0%
Interest expense	70.0	58.0	68.0	+20.7%	+2.9%
Pre-tax income	4,047	869	3,684	+365.7%	+9.9%
Income tax	983	176	864	+458.5%	+13.8%
Effective tax rate	24.3%	20.3%	23.5%
Net income	3,064	693	2,820	+342.1%	+8.7%
Net margin	35.8%	14.9%	36.4%
Diluted EPS	$11.09	$2.48	$10.02	+347.2%	+10.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	5,300	1,570	4,395	+237.6%	+20.6%
Capital expenditure	64.0	46.0	35.0	+39.1%	+82.9%
Free cash flow	5,236	1,524	4,360	+243.6%	+20.1%
Free cash flow margin	61.2%	32.8%	56.2%
Cash from investing	-1,598	-700	-416
Cash from financing	1,426	-1,037	847		+68.4%
Depreciation and amortisation	167	165	163	+1.2%	+2.5%
Share-based compensation	485	521	469	-6.9%	+3.4%
Buybacks	1,554	933	752	+66.6%	+106.6%
Dividends paid	333	341	292	-2.3%	+14.0%
Dividend per share	$1.20	$1.20	$1.04	0.0%	+15.4%
Diluted shares, weighted	276m	280m	282m	-1.4%	-2.1%
Shares outstanding at period end	274m	277m	279m	-1.1%	-1.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	20,629	19,055	20,125	+8.3%	+2.5%
Debt	6,162	6,160	6,406	+0.0%	-3.8%
Operating lease liabilities	655	646	614	+1.4%	+6.7%
Other liabilities	11,884	8,421	9,448	+41.1%	+25.8%
Total liabilities and equity	39,330	34,282	36,593	+14.7%	+7.5%
Fixed assets	996	974	975	+2.3%	+2.2%
Goodwill	13,982	13,983	13,847	-0.0%	+1.0%
Intangible assets	4,807	4,971	5,397	-3.3%	-10.9%
Investments	176	127	88.0	+38.6%	+100.0%
Cash and equivalents	4,681	2,942	5,443	+59.1%	-14.0%
Other assets	14,688	11,285	10,843	+30.2%	+35.5%
Total assets	39,330	34,282	36,593	+14.7%	+7.5%

Questions

What was Intuit's revenue in Q3 FY2026?

Intuit (INTU) reported revenue of $8.6 billion for Q3 FY2026, the quarter ended 30 April 2026, up 10.4% on the same quarter a year earlier.

How much did Intuit earn in Q3 FY2026?

Net income for Q3 FY2026 was $3.1 billion, up 8.7% on the year, and diluted earnings per share $11.09.

When did Intuit report Q3 FY2026 results?

Intuit filed its 10-Q for the quarter ended 30 April 2026 with the SEC on 20 May 2026.

Quarterly results, the last 20 quarters

	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	2,007	2,673	5,632	2,414	2,597	3,041	6,018	2,712	2,978	3,386	6,737	3,184	3,283	3,963	7,754	3,831	3,885	4,651	8,558	4,354
Cost of revenue	417	565	824	460	676	773	981	550	760	855	1,067	637	823	937	1,194	738	883	1,043	1,374	953
Gross profit	1,590	2,108	4,808	1,954	1,921	2,268	5,037	2,162	2,218	2,531	5,670	2,547	2,460	3,026	6,560	3,093	3,002	3,608	7,184	3,401
Gross margin	79%	79%	85%	81%	74%	75%	84%	80%	74%	75%	84%	80%	75%	76%	85%	81%	77%	78%	84%	78%
R&D	530	590	600	627	625	630	604	680	680	678	671	725	704	716	707	801	843	836	840	857
Operating income	195	56.0	2,395	-75.0	76.0	270	2,778	17.0	307	369	3,105	-151	271	593	3,720	339	534	855	4,020	475
Operating margin	10%	2%	43%	-3%	3%	9%	46%	1%	10%	11%	46%	-5%	8%	15%	48%	9%	14%	18%	47%	11%
Interest expense	7.0	21.0	21.0	32.0	49.0	65.0	66.0	68.0	65.0	57.0	60.0	60.0	60.0	60.0	68.0	59.0	58.0	58.0	70.0	70.0
Pre-tax income	238	30.0	2,373	-99.0	32.0	228	2,734	-5.0	264	354	3,072	-140	213	571	3,684	366	561	869	4,047	540
Tax rate	4%	-233%	24%	n/a	-25%	26%	24%	n/a	9%	0%	22%	n/a	8%	18%	23%	-4%	20%	20%	24%	33%
Net income	228	100	1,794	-56.0	40.0	168	2,087	89.0	241	353	2,389	-20.0	197	471	2,820	381	446	693	3,064	363
Net margin	11%	4%	32%	-2%	2%	6%	35%	3%	8%	10%	35%	-1%	6%	12%	36%	10%	11%	15%	36%	8%
Diluted EPS	$0.82	$0.35	$6.28	-$0.17	$0.14	$0.60	$7.38	$0.32	$0.85	$1.25	$8.42	-$0.07	$0.70	$1.67	$10.02	$1.35	$1.59	$2.48	$11.09	$1.34
Operating cash flow	145	85.0	3,320	339	328	284	3,592	842	-97.0	613	3,951	417	362	1,069	4,395	381	637	1,570	5,300	1,331
Capital expenditure	42.0	65.0	61.0	n/a	77.0	55.0	88.0	n/a	84.0	63.0	61.0	n/a	33.0	31.0	35.0	n/a	38.0	46.0	64.0	27.0
Free cash flow	103	20.0	3,259	n/a	251	229	3,504	n/a	-181	550	3,890	n/a	329	1,038	4,360	n/a	599	1,524	5,236	1,304
Buybacks	335	539	463	524	510	507	478	472	584	551	572	281	557	717	752	746	854	933	1,554	2,071
Dividends paid	190	195	195	194	222	224	221	222	260	256	257	261	296	300	292	301	341	341	333	332
Shares outstanding	283m	283m	282m	282m	281m	281m	280m	280m	280m	280m	279m	280m	280m	280m	279m	279m	278m	277m	274m	268m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 April 2026, filed 20 May 2026: the filing.