Key Highlights

  • Intuit declared a quarterly dividend of $1.38 per share, up 15%, payable on October 16, 2026.
  • Fiscal 2026 revenue reached $21.4 billion, up 14%, with non-GAAP diluted earnings per share of $24.27.
  • Fiscal 2027 guidance calls for revenue of $23.3 billion to $23.5 billion, growth of 9% to 10%.
  • Intuit repurchased $5.5 billion of stock in fiscal 2026, with $7.9 billion remaining under the authorization.

Intuit Inc. (NASDAQ:INTU) answers the question of what its dividend rise means with a mixture of confidence and caution. The company declared a quarterly dividend of $1.38 per share, up 15% from the previous rate, while guiding to slower revenue growth in fiscal 2027 than the 14% it delivered in fiscal 2026. The figures come from Intuit's fourth-quarter and full-year fiscal 2026 results, published on August 25, 2026, and from remarks on the accompanying conference call.

What Intuit does and where it sits

Intuit is a financial software and services company best known for TurboTax, QuickBooks, Credit Karma and Mailchimp. Its fiscal year ends on July 31, and the shares are listed on the Nasdaq under the ticker INTU. In fiscal 2026 it reported total revenue of $21.4 billion, up 14%, split between Global Business Solutions at $12.9 billion (up 16%) and the Consumer segment at $8.6 billion (up 11%). Within Consumer, TurboTax contributed $5.3 billion, Credit Karma $2.6 billion and ProTax $647 million.

Fiscal 2026 in numbers

These are reported, historical results for the year to July 31, 2026. GAAP operating income was $5.9 billion, up 20%, and non-GAAP operating income was $8.9 billion, up 18%. Diluted earnings per share were $16.46 on a GAAP basis and $24.27 non-GAAP, each up 20%. Non-GAAP measures exclude items such as share-based compensation and acquisition-related charges, and they sit alongside the GAAP figures.

Fourth-quarter revenue was $4.4 billion, also up 14%. Management said online paying customers reached 8.9 million, a 3% increase, and that Online Ecosystem revenue grew 23% over the year. The gap between customer growth and revenue growth points to pricing, payments and higher-tier products doing much of the work, an inference rather than a company statement.

Growth drivers: AI, small business and credit

Chief executive Sasan Goodarzi described the aim of winning as an "AI-driven expert platform" creating a "financial system of intelligence." On the call, management said more than 75% of Enterprise Suite customers use AI agents monthly for transaction work and book closing, and that revenue from QuickBooks Online Advanced and the Enterprise Suite rose 38%. Online payment volume exceeded $225 billion, up 30%.

On the consumer side, the company said 39 million tax returns were filed with Intuit in the season, and TurboTax Live customers grew 38%. Credit Karma revenue rose 20% over the year, helped by personal loans, auto insurance and credit cards, categories that are sensitive to lending conditions and marketing budgets.

Guidance for fiscal 2027

Management guided to fiscal 2027 revenue of $23.3 billion to $23.5 billion, growth of 9% to 10%. GAAP diluted EPS is guided at $20.12 to $20.36 and non-GAAP at $22.88 to $23.12. The non-GAAP range sits below the fiscal 2026 actual of $24.27.

Segment assumptions given on the call included 13% to 14% growth for Global Business Solutions and 4% to 6% for Consumer, with TurboTax up 2% to 3%, reflecting a pricing strategy shift and an assumption of a flat total number of IRS filers. Mailchimp becomes a separate reportable segment from fiscal 2027, and management expects its revenue to be flat to down 1%.

Dividends, buybacks and the balance sheet

The dividend is ordinary rather than special. The $1.38 quarterly payment is due on October 16, 2026 and implies $5.52 a year if unchanged.

In fiscal 2026 Intuit repurchased $5.5 billion of stock, 96% more than a year earlier, cutting the weighted-average diluted share count by 2%. Some $7.9 billion remained under the authorization. At July 31, 2026 the company held $7.2 billion of cash and investments against $7.7 billion of total debt, including $1.75 billion of senior notes issued in June.

Risks to weigh

Intuit's own risk discussion points to competition from lower-cost tax providers, the challenge of acquiring customers in its core segments, macroeconomic and geopolitical uncertainty, the risks of developing and deploying AI, cyber security and fraud threats, changes in tax regulation and international operations. Management also referred to workforce changes announced last quarter that are intended to yield savings.

The deceleration in guided growth is described by management as intentional, which shifts attention to margin delivery and buyback pace.

Dividend Payment, Buyback Pace and the Tax-Season Outlook

The next dated event is the dividend payment on October 16, 2026. Intuit held an investor day on September 17, 2026. Investors will look to first-quarter fiscal 2027 results, for which the company guided to GAAP EPS of $1.71 to $1.75, and to whether the AI-related products lift retention and average revenue per customer.

Also worth tracking are the dividend's payout coverage against free cash flow, the pace of repurchases relative to the remaining authorization, and the tax-season outlook for TurboTax under the new pricing approach.