Intuit Stock Tumbles On Q3 Earnings, 17% Workforce Reduction

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Intuit Inc (NASDAQ:INTU) posted financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a rundown of the report.

Intuit Q3 Earnings Highlights

Intuit reported third-quarter revenue of $8.56 billion, beating analyst estimates of $8.53 billion. The QuickBooks, Credit Karma and TurboTax parent company posted third-quarter adjusted earnings of $12.80 per share, beating analyst estimates of $12.28 per share, according to Benzinga Pro.

Total revenue was up 10% on a year-over-year basis. Here’s a breakdown of revenue by segment.

  • Global Business Solutions: $3.3 billion, up 15%
  • Consumer: $5.3 billion, up 8%
  • Online Ecosystem: $2.5 billion, up 19%

Intuit ended the quarter with $6.8 billion in total cash and investments and $6.2 billion in debt after repurchasing $1.6 billion of …

Full story available on Benzinga.com

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