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Intuit (INTU) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 20, 2025
Intuit (INTU) reported revenue of $3.9B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and +1% from the quarter before. Operating margin was 13.7%, net earnings $446M (11.5% of revenue).
Intuit, Q1 FY26: revenue $3.9B (+18% year over year), operating margin 13.7%, net earnings $446M, operating cash flow $637M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +1% | +18% |
| Operating profit | $534M | +58% | +97% |
| Net earnings | $446M | +17% | +126% |
| Operating cash flow | $637M | +67% | +76% |
| Free cash flow | $599M | +51% | +82% |
What changed
Revenue was $3.9B in Q1 FY26, up 18% year over year and up 1% from the previous quarter. Service was the largest line at 90% of revenue. Service added $0.61B year over year (up 21%), 101% of the total change. Product and other declined 2%.
Operating profit was $0.53B, a 13.7% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 44% reached operating profit, above the 8% margin then. Total costs grew 11% against revenue growth of 18%. The fastest-growing cost line was Research & development (+20%). Net earnings were $0.45B, up 126% year over year. The effective tax rate was 20.5%.
Operating cash flow was $0.64B (up 76% year over year), 143% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.54B of share-based compensation. Working capital and other items used $0.52B. Capital expenditures of $0.04B left free cash flow of $0.60B.
Questions
What was Intuit's revenue in the first quarter fiscal 2026?
Intuit (INTU) reported revenue of $3.9B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and +1% from the quarter before.
Was Intuit profitable in the first quarter fiscal 2026?
Operating profit was $534M (13.7% of revenue) and net earnings $446M.
Source: Intuit 10-Q on SEC EDGAR.