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Intuit (INTU) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 26, 2026
Intuit (INTU) reported revenue of $4.7B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +20% from the quarter before. Operating margin was 18.4%, net earnings $693M (14.9% of revenue).
Intuit, Q2 FY26: revenue $4.7B (+17% year over year), operating margin 18.4%, net earnings $693M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +20% | +17% |
| Operating profit | $855M | +60% | +44% |
| Net earnings | $693M | +55% | +47% |
| Operating cash flow | $1.6B | +146% | +47% |
| Free cash flow | $1.5B | +154% | +47% |
What changed
Revenue was $4.7B in Q2 FY26, up 17% year over year and up 20% from the previous quarter. Service was the largest line at 83% of revenue. Service added $0.62B year over year (up 19%), 91% of the total change.
Operating profit was $0.85B, a 18.4% margin (up 3.4 points year over year). Of the extra revenue versus Q2 FY25, 38% reached operating profit, above the 15% margin then. Total costs grew 13% against revenue growth of 17%. The fastest-growing cost line was Research & development (+17%). Net earnings were $0.69B, up 47% year over year. The effective tax rate was 20.3%.
Operating cash flow was $1.6B (up 47% year over year), 227% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.52B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.05B left free cash flow of $1.5B.
Questions
What was Intuit's revenue in the second quarter fiscal 2026?
Intuit (INTU) reported revenue of $4.7B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +20% from the quarter before.
Was Intuit profitable in the second quarter fiscal 2026?
Operating profit was $855M (18.4% of revenue) and net earnings $693M.
Source: Intuit 10-Q on SEC EDGAR.