Intuit Inc.

Company facts

Industry

Services-Prepackaged Software

Headquarters

Mountain View, California

Most recent report

8-K, filed Aug 25, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 896878

Fiscal year ends

July

Filer status

Large accelerated filer

What to read: Apr 2026 10-Q

SECSift found 4 of 11 sections worth reading, with 5 positive, 8 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Full financials with all period numbers and key subsequent event.
  Notable

  • Business loan purchases nine months $4.3B, up from $2.4B; allowance for credit losses $134M.
  • Board authorized $8B additional buyback on May 7, 2026; $1.9B remaining at April 30.
  • FTC order vacated by Fifth Circuit on March 20, 2026; case remanded.
  • Management approved workforce reduction plan in May 2026 with estimated $300M–$340M charges.

• Management's Discussion (Item 2)

  Strong results, new restructuring plan, huge buyback raise, and tax law changes.
  Positive

  • Global Business Solutions revenue up 17% to $9.4B, Consumer up 10% to $7.7B.
  • Operating income $5.4B, up 18%; net income $4.2B, up 20%.
  • Total net revenue for nine months: $17.1B, up 14% from FY2025.
  • Diluted EPS $15.05, up 22% from $12.33 in prior period.
  Notable

  • Segment reorganization effective Aug 1, 2025: combined Consumer/Credit Karma/ProTax.
  • OBBBA tax law reinstates R&D expensing; also evaluating Corporate AMT notice.

• Unregistered Sales and Repurchases (Item 2)

  Large $8B buyback authorization after quarter end; active repurchases of 3.75M shares.
  Positive

  • Board authorized $8.0B additional buyback capacity on May 7, 2026, a strong capital return signal.

• Other Information (Item 5)

  Founder terminated plan for 1.8M shares; 3 execs also terminated plans same day.
  Notable

  • Three top executives terminated their 10b5-1 plans on the same day (March 12), signaling a coordinated change.
  • Founder terminated plan for up to 1,843,868 shares, a large position.

What changed: Apr 2026 vs. Jan 2026

About 2% of INTU's Apr 2026 10-Q is new information. 14 paragraphs were added, 186 changed, and 33 removed. Below are the most important lines SECSift identified.

• Item 1 71
• Item 2 69
• Item 5 5
• Item 3 2
• Item 1A 1
• Item 6 1