Financial technology company Intuit Inc. (NASDAQ: INTU) reported an increase in revenue and adjusted earnings for the first quarter of fiscal 2026. The numbers also exceeded Wall Street’s expectations.
The Mountain View-headquartered company’s first-quarter revenue rose sharply to $3.89 billion from $3.28 billion in the corresponding quarter a year earlier, exceeding analysts’ forecasts.
Driven by the strong top-line growth, first-quarter adjusted earnings climbed to $3.34 per share from $2.5 per share in the same period last year. The latest number came in above estimates. On an unadjusted basis, the company reported earnings of $1.59 per share for the October quarter, vs. $0.70 per share in Q1 2025.
“We delivered an exceptional first quarter as we continue to execute on our AI-driven expert platform strategy. Intuit is creating a system of intelligence, leveraging data, data services, AI, and human intelligence to fuel the success of consumers, small and mid-market businesses, and accountants,” said Sasan Goodarzi, Intuit’s chief executive officer.