Intuit (INTU) official guidance

We expect a GAAP tax rate of approximately 27% in fiscal 2027.

GAAP diluted earnings per share is expected to be $20.12-$20.36, or a growth of 22%-24%, and non-GAAP diluted earnings per share is expected to be $22.88-$23.12, or growth of 23%-24%.

For the first quarter of fiscal 2027, we expect total company revenue growth of approximately 11%, GAAP diluted earnings per share of $1.71-$1.75, and non-GAAP diluted earnings per share of $2.44-$2.48, inclusive of a $1.48 impact from shared-based compensation expenses.

GAAP diluted earnings per share is expected to be $20.12-$20.36, or a growth of 22%-24%, and non-GAAP diluted earnings per share is expected to be $22.88-$23.12, or growth of 23%-24%.

For the first quarter of fiscal 2027, we expect total company revenue growth of approximately 11%, GAAP diluted earnings per share of $1.71-$1.75, and non-GAAP diluted earnings per share of $2.44-$2.48, inclusive of a $1.48 impact from shared-based compensation expenses.

Therefore, for fiscal 2027, we expect total company revenue of $23.279 billion-$23.512 billion, or growth of 9%-10%.

We expect Consumer segment revenue growth of 4%-6%.

We expect revenue to grow at a CAGR of 4%-8% over the next three years.

Credit Karma revenue growth should be 11%-13% as we continue to increase engagement and therefore monetization across the platform.

For Desktop Ecosystem, we expect revenue to decline in the low single digits, primarily due to continued migration of customers to online offerings, including QBO Advanced, where we can better serve their increasingly complex needs.

We expect Global Business Solutions segment revenue growth of 13%-14%.

We expect revenue to grow at a CAGR of 10%-15% over the next three years.

ProTax revenue growth should be approximately 2%, and we expect Mailchimp revenue growth to be flat to down 1% year-over-year, with higher effective prices expected to offset the increased churn.

ProTax revenue growth should be approximately 2%, and we expect Mailchimp revenue growth to be flat to down 1% year-over-year, with higher effective prices expected to offset the increased churn.

TurboTax revenue growth will be 2%-3%.

TurboTax Live revenue growth should be mid-teens with a deceleration due to fewer DIY upgrades to Assisted Tax following strong success over the last two years, as Sasan noted.

For the first quarter of fiscal 2027, we expect total company revenue growth of approximately 11%, GAAP diluted earnings per share of $1.71-$1.75, and non-GAAP diluted earnings per share of $2.44-$2.48, inclusive of a $1.48 impact from shared-based compensation expenses.

We are on track to be at 9% of revenue by fiscal 2028.

We now expect share-based compensation as a percentage of revenue to be 8% by fiscal 2030.

Based on our long-term projections, we are using a long-term non-GAAP tax rate of 24% for fiscal 2026 and fiscal 2027.

| Operating Income | $7,408 to $7,490 | 26% to 27% | $8,063 to $8,145(1) | 17% to 18% |

| Operating Income | $716 to $729 | 34% to 37% | $902 to $915(1) | 26% to 28% |

| Operating Income | $7,408 to $7,490 | 26% to 27% | $8,063 to $8,145(1) | 17% to 18% |

| Operating Income | $716 to $729 | 34% to 37% | $902 to $915(1) | 26% to 28% |

[c]     Reflects estimated adjustments for amortization of other acquired intangible assets of approximately $483 million; amortization of acquired technology of approximately $150 million; and restructuring charges of approximately $22 million.

[a]     Reflects estimated adjustments for amortization of other acquired intangible assets of approximately $121 million; amortization of acquired technology of approximately $43 million; and restructuring charges of approximately $22 million.

| Consumer | $8,955 to $9,088 | 4% to 6% | | |

| Credit Karma | $2,919 to $2,973 | 11% to 13% | | |

| Global Business Solutions | $13,068 to $13,158 | 13% to 14% | | |

| Mailchimp | $1,256 to $1,266 | (1)% to 0% | | |

| ProTax | $659 to $662 | 2% | | |

| TurboTax | $5,377 to $5,453 | 2% to 3% | | |

| Total Revenue | $4,294 to $4,313 | 11% | | |

We expect TurboTax Live customers to grow 38% this year, with new TurboTax Live customers up 29%, excluding the impact of one-time offers.

We expect a GAAP tax rate of approximately 24% in fiscal 2026.

GAAP diluted earnings per share of $15.79-$15.84, growth of approximately 16%, and non-GAAP diluted earnings per share of $23.80-$23.85, growth of approximately 18%.

Our guidance for the fourth quarter of fiscal 2026 includes total company revenue growth of 11%-12%, GAAP earnings per share growth of $0.73-$0.79, and non-GAAP earnings per share of $3.56-$3.62.

GAAP diluted earnings per share of $15.79-$15.84, growth of approximately 16%, and non-GAAP diluted earnings per share of $23.80-$23.85, growth of approximately 18%.

Our guidance for the fourth quarter of fiscal 2026 includes total company revenue growth of 11%-12%, GAAP earnings per share growth of $0.73-$0.79, and non-GAAP earnings per share of $3.56-$3.62.

We expect TurboTax Live customers to grow 38% this year, with new TurboTax Live customers up 29%, excluding the impact of one-time offers.

In total, we expect to deliver more than $25 billion in refunds through our fast money offerings this year.

As a reminder, guidance for GAAP metrics includes $300 million in restructuring charges related to our workforce changes.

Guidance includes total company revenue of $21.341 billion-$21.374 billion, growth of 13%-14%.

Overall, Consumer Group revenue growth of approximately 10%.

As a result, we expect to deliver 26% revenue growth across our Consumer money portfolio this year.

The Consumer Group outlook is supported by TurboTax growth of approximately 7%, Credit Karma growth of approximately 19%, and Pro Tax growth of approximately 4%.

Our guidance includes Global Business Solutions Group revenue growth of approximately 16%, with Desktop revenue growth in the mid-single digits.

Our guidance includes Global Business Solutions Group revenue growth of approximately 16%, with Desktop revenue growth in the mid-single digits.

The Consumer Group outlook is supported by TurboTax growth of approximately 7%, Credit Karma growth of approximately 19%, and Pro Tax growth of approximately 4%.

The Consumer Group outlook is supported by TurboTax growth of approximately 7%, Credit Karma growth of approximately 19%, and Pro Tax growth of approximately 4%.

As a result, we expect TurboTax Live revenue to grow 36% this year, well above our long-term expectation of 15%-20% revenue growth.

Our guidance for the fourth quarter of fiscal 2026 includes total company revenue growth of 11%-12%, GAAP earnings per share growth of $0.73-$0.79, and non-GAAP earnings per share of $3.56-$3.62.

TurboTax Live will therefore represent 53% of total TurboTax revenue this year.

This is helping drive a 54% increase in tax filers who start their filing experience in Credit Karma this year, up 25 points.

•TurboTax Online paying units to grow 2 percent on share gains from higher average revenue per user (ARPU) filers, and ARPU to increase approximately 11 percent, as more customers chose assisted offerings and faster access to refunds.

•Total TurboTax Online units to decline approximately 2 percent, and TurboTax share of e-files to decline approximately 1 point. Pay-nothing customers of approximately 7 million, down from 8 million last year.

•Total TurboTax Online units to decline approximately 2 percent, and TurboTax share of e-files to decline approximately 1 point. Pay-nothing customers of approximately 7 million, down from 8 million last year.

•GAAP operating income of $5.705 billion to $5.725 billion, growth of approximately 16 percent.

•Non-GAAP operating income of $8.784 billion to $8.804 billion, growth of approximately 16 percent.

•TurboTax Online paying units to grow 2 percent on share gains from higher average revenue per user (ARPU) filers, and ARPU to increase approximately 11 percent, as more customers chose assisted offerings and faster access to refunds.

•TurboTax Live revenue to grow 36 percent to $2.8 billion, representing approximately 53 percent of total TurboTax revenue, and TurboTax Live customers to grow 38 percent.

•Consumer: raised growth to approximately 10 percent. This includes TurboTax growth of approximately 7 percent, Credit Karma growth of approximately 19 percent, and ProTax growth of approximately 4 percent.

•Global Business Solutions: raised growth to approximately 16 percent.

•Consumer: raised growth to approximately 10 percent. This includes TurboTax growth of approximately 7 percent, Credit Karma growth of approximately 19 percent, and ProTax growth of approximately 4 percent.

•Total TurboTax Online units to decline approximately 2 percent, and TurboTax share of e-files to decline approximately 1 point. Pay-nothing customers of approximately 7 million, down from 8 million last year.

Our guidance for the third quarter of fiscal 2026 include total company revenue growth of 10%, GAAP earnings per share of $10.56-$10.62, and non-GAAP earnings per share of $12.45-$12.51.

Our guidance for the third quarter of fiscal 2026 include total company revenue growth of 10%, GAAP earnings per share of $10.56-$10.62, and non-GAAP earnings per share of $12.45-$12.51.

We continue to expect Desktop ecosystem revenue to grow low single digits in fiscal year 2026.

Our guidance for the third quarter of fiscal 2026 include total company revenue growth of 10%, GAAP earnings per share of $10.56-$10.62, and non-GAAP earnings per share of $12.45-$12.51.

Based on our long-term projections, we are using a long-term non-GAAP tax rate of 24% for fiscal 2025 and fiscal 2026.

| Revenue | $ | 8,520 | $ | 8,553 | $ | — | | $ | 8,520 | $ | 8,553 |

Our guidance for the second quarter of fiscal 2026 includes total company revenue growth of 14%-15%, GAAP earnings per share of $1.76-$1.81, and non-GAAP earnings per share of $3.63-$3.68.

Our guidance for the second quarter of fiscal 2026 includes total company revenue growth of 14%-15%, GAAP earnings per share of $1.76-$1.81, and non-GAAP earnings per share of $3.63-$3.68.

The couple of things that I would point out that we do expect desktop to start decelerating in the second half as we go from the 6% we saw in Q1. Likely, we'll be near the mid-single digits for Q2, but then decelerate in the second half.

The couple of things that I would point out that we do expect desktop to start decelerating in the second half as we go from the 6% we saw in Q1. Likely, we'll be near the mid-single digits for Q2, but then decelerate in the second half.

Our guidance includes Global Business Solutions Group revenue growth of 14%-15%, or 15.5%-16.5% revenue growth, excluding Mailchimp.

We continue to target double-digit growth for Mailchimp exiting fiscal 2026.

Our guidance for the second quarter of fiscal 2026 includes total company revenue growth of 14%-15%, GAAP earnings per share of $1.76-$1.81, and non-GAAP earnings per share of $3.63-$3.68.