INTU Intuit
Q1 2026 10-Q
Filed: Feb 26, 2026Period ending Jan 31, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR Intuit (INTU) 10-Q quarterly report for Q1 2026, filed with SEC EDGAR on Feb 26, 2026 for the fiscal period ending Jan 31, 2026. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AI Filing AnalysisQ1 2026 10-Q
Management Discussion & Analysis
- • Q2 FY26 revenue $4.65B, up $688M (+17%) YoY; H1 FY26 revenue $8.54B, up $1.3B (+18%) YoY
- • H1 operating income $1.39B, up 61% YoY; operating expenses grew only 13% vs revenue growth of 18%, indicating meaningful margin expansion
Risk Factors
- • EU AI Act went into force Feb 2025; multiple US states (Utah, Colorado, California) enacting AI-specific frameworks, adding compliance costs and operational constraints
- • IRS free direct filing system suspended but advocacy continues; government-funded tax prep could displace Intuit's consumer tax revenue materially
Quarterly Financial SummaryXBRL
Revenue
$4.7B
▲ +17.4% YoY▲ +19.7% QoQ
Net Income
$693M
▲ +47.1% YoY▲ +55.4% QoQ
Operating Margin
18.4%
▲ +342bp YoY▲ +464bp QoQ
Net Margin
14.9%
▲ +302bp YoY▲ +342bp QoQ
ROE
3.6%
▲ +133bp QoQ
Total Assets
$34.3B
▲ +3.3% QoQ
EPS (Diluted)
$2.47
▲ +48.8% YoY▲ +55.3% QoQ
Operating Cash Flow
$1.6B
▲ +46.9% YoY▲ +146.5% QoQ
Source: XBRL data from Intuit Q1 2026 10-Q filing on SEC EDGAR. All figures in USD.
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