Intuit closed fiscal 2026 with over $20 billion in annual revenue for the first time, with its strategic segments—Assisted Tax, Money, and Mid-Market—growing 34% and now accounting for 30% of total revenue. The company issued fiscal 2027 guidance of $23.28 billion to $23.51 billion, falling short of Wall Street’s $23.72 billion estimate. Shares fell 3.37% to $357.46 at close, then dropped another 9% in after-hours trading to $323.94. Intuit is implementing a strategic reset focused on accelerating customer acquisition by accepting lower average revenue per customer, particularly in TurboTax and its lower-end business segment.
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