Intuit Earnings Beat Estimates as Company Focuses on Artificial Intelligence Growth Drivers

Inuit beat fiscal fourth-quarter earnings estimates. (Eilon Paz/Bloomberg)

Intuit reported fiscal fourth-quarter financials above Wall Street expectations as the parent company of TurboTax and Credit Karma focuses on growing its artificial intelligence fleet.

Intuit reported fiscal-fourth quarter adjusted earnings of $2.75 a share on revenue of $3.83 billion. Analysts surveyed by FactSet were expecting earnings of $2.66 a share on revenue of $3.74 billion.

For the year, Intuit reported earnings of $20.15 a share on revenue of $18.83 billion, above analyst expectations of $20.1 a share on revenue of $18.75 billion.

“I couldn’t have been more proud of the way the company executed this last year,” CFO Sandeep Aujla told Barron’s on Thursday. “If I think about our big bets around AI, around midmarket, around assisted tax, just a phenomenal year.”

Intuit has integrated AI directly into its products. For example, those who file their taxes with TurboTax can use the company’s AI assistant, Intuit Assist, which aims to make the process simpler and faster.

“On the consumer side, AI is embedded into the experience,” Aujla said.

“The growth we’re seeing in Credit Karma, to be able to get higher ARPC [average revenue per customer] from customers, to take more share from our partners of their spend, that’s driven by AI,” Aujla added as an example on how AI is helping the business.

Intuit also provided guidance for fiscal 2026. For the year, the software company expects earnings to be between $22.98 a share and $23.18 a share on revenue of $20.997 billion to $21.186 billion. The low end of that guidance is just below Wall Street estimates for earnings of $23.02 a share on revenue of $21.1 billion.

“We always want to make sure we start out with a prudent guidance, and we have a long track record of being very prudent in how we guide, because we want the guidance to be something that our investors can take to the bank,” Aujla said.

Shares of Intuit were down 5.1% in after hours trading following the results. The stock has gained 11% this year, compared with the 8% rise of the S&P 500.

Write to Angela Palumbo at angela.palumbo@dowjones.com