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January 22, 2026 Annual Stockholder Meeting
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2 Forward-looking statements This presentation contains forward-looking statements. There are a number of factors that could cause our results to differ materially from our expectations. Please see the section entitled “Cautions about forward-looking statements” in the Appendix accompanying this presentation for information regarding forward-looking statements and related risks and uncertainties. You can also learn more about these risks in our Form 10-K for fiscal 2025 and our other SEC filings, which are available on the Investor Relations page of Intuit's website at www.intuit.com. We assume no obligation to update any forward-looking statement, except as required by law. Non-GAAP financial measures This presentation includes certain non-GAAP financial measures. Please see the section entitled “About non-GAAP financial measures” in the enclosed Appendix for an explanation of management’s use of these measures and reconciliations to the most directly comparable GAAP financial measures. In this presentation, we may also announce plans or intentions regarding functionality that is not yet delivered. This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing or investing decision. Additional terms, conditions, and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, functionality are subject to change without notice. Certain product screen images are simulated and videos are shortened. Some numbers may not agree with the sum of the components, nor with SEC filing(s), due to immaterial rounding adjustments. Additional information Household savings rate: FY25 data as of July 2025. US average household savings rate is 4.2% based on Personal Savings rate published by the Bureau of Economic Analysis from August 2024–July 2025. Business Success Rate: Based on Dun & Bradstreet analysis of 5-year survival rates for US businesses opened between 2015-2019, including businesses that have used QuickBooks at some point during those 5 years. Using QuickBooks does not guarantee any future success.
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3 Era of Artificial Intelligence 2019 - PRESENT Declared strategy and five Big Bets Accelerating investments Doubling down on three Big Bets Era of Mobile and Cloud 2010s Era of Web 2000s Era of Windows 1990s Era of DOS INTUIT FOUNDED 1980s Leading the disruption
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4 4 Culture of innovation driving accelerated growth Becoming the system of intelligence GAAP operating margin of 31% in FY14, 27% in FY19, and 26% in FY25. 36% Non-GAAP Operating Margin 8%Revenue Growth FY14 FY19 34% Non-GAAP Operating Margin 13%Revenue Growth x FY25 40% Non-GAAP Operating Margin 16% Revenue Growth
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FY25 Actual $ in millions except EPS Revenue GAAP operating income Non-GAAP operating income GAAP diluted EPS Non-GAAP diluted EPS $18,831 $4,923 $7,572 $13.67 $20.15 Prior Year Original Guidance 16% 36% 18% 31% 19% 12%–13% 28%–30% 13%–14% 18%–20% 13%–14% FY25 Actual $16,285 $3,630 $6,402 $10.43 $16.94 Strong revenue growth and margin expansion GROWTH RATE 5
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Q126 Actual $3,885 $534 $1,258 $1.59 $3.34 Prior Year Guidance 18% 97% 32% 127% 34% $3,744 - $3,776 $440 - $460 $1,159 - $1,179 $1.19 - $1.26 $3.05 - $3.12 Q126 Actual $3,283 $271 $953 $0.70 $2.50 Strong performance continued in Q126 6 Revenue GAAP operating income Non-GAAP operating income GAAP diluted EPS Non-GAAP diluted EPS GROWTH RATE $ in millions except EPS
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7 What matters most to our customers Consumer Problems Business Problems Make ends meet Maximize tax refund Save more Pay off debt Know where I stand Reduce my payments Get, grow, and manage customers Get paid and pay bills Get capital Pay and manage workforce Access advice Be compliant and organized Get work done 7
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8 Large market opportunity $300B+ Total addressable market Penetration6% 8
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9 Secular shifts creating massive opportunity Over-digitization AI everywhere New generations of customers 9
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10 Businesses struggle with over-digitization On average businesses use Too many apps, data siloed, excessive cost. 7-25 Apps. AR/Get Paid Industry Specific AI Tools More Apps Reporting and Business Intelligence Get Customers Financial Management Managing Workforce Inventory Management Create Invoice Create Estimate App #1 App #6 App #2 App #10 AP/Bill Pay App #8 App #9 App #5 App #3 App #7 App #4 More Apps and Experts Get Advice 10
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11 Game plan to deliver for customers METRICS BIG BETS STRATEGY TRUE NORTH GOALS 2030 GOALS VALUES MISSION
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13 13 Our Values Integrity Without Compromise Courage Customer Obsession Stronger Together We Care And Give Back We are stewards of the future. We strengthen the communities around us. We strive to give everyone the opportunity to prosper. We champion diversity, inclusion, and a respectful environment. We thrive on diverse voices to challenge and inform decisions. We deliver exceptional results so others can count on us. We fall in love with our customers’ problems. We deliver unrivaled customer benefit to power their prosperity. We sweat every detail of the experience to deliver excellence. We are bold and fearless in how we think and act. We relentlessly hold a high bar for performance. We value speed, a bias for learning and action. We speak the truth and assume best intent. We value trust above all else. We do the right thing, even when no one is looking. 13
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14 Prosperity Double household savings rate and improve business success rate >20 pts vs. industry Reputation Best-in-class Most Trusted Company Growth Accelerating revenue growth to 20% Bold 2030 Goals
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15 15 AI-Driven Expert Platform More money No work Complete confidence
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16 16 1 Deliver done-for-you experiences 2 Accelerate money benefits 3 Fuel success for mid-market businesses Big Bets to accelerate growth
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17 Get Paid Pay Bills Get Loans Insurance Save Spend Taxes Grow Business Payments Capital Cash Mgmt. Payroll Time Tracking Accounting More money No work Complete confidence INTUIT PLATFORM 86M Consumers 70K Tax and financial attributes per consumer 15+ LLMs available to developers $105B Tax refunds on our platform per year $11.4T Visibility into consumer debt 10M Small and mid-market businesses 60B Machine learning predictions per day 625K Customer/financial attributes per SMB $2T+ Invoices managed on our platform per year 18M Total US workers paid annually via QB Payroll Intuit Platform Advantage
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18 INTUIT PLATFORM Get Paid Pay Bills Get Loans Insurance Save Spend Taxes Grow Business Payments Capital Cash Mgmt. Payroll Time Tracking Accounting More money No work Complete confidence Data and Data Services System of IntelligenceArtificial and Human Intelligence Intuit Platform Advantage 18
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Our strategy drove strong momentum INTUIT PLATFORM More money No work Complete confidence 19
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20 20 Done-For-You Experiences Our strategy drove strong momentum INTUIT PLATFORM More money No work Complete confidence 5 days Faster, on average, for businesses to get paid with Intuit AI 12 hrs A month saved with Accounting Agent3 2X Faster for customers doing routine tasks with Intuit AI2 ~80% Repeat engagement across QB AI agents1 1. Repeat engagement defined as share of customers who engaged with an agent feature 2+ times. 2. Reported by 40% of customers. 3. Reported by 45% of customers. 4. Q4 FY25 compared to a year ago. Questions answered by self-help 110M Faster coding with AI assistance on average4 40% YoY reduction in average time a TurboTax customer spends on their return 12% Coverage of the most common tax documents, driven by expanded data-in 90% Tax customer hours saved via done-for-you data entry 1.7M
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21 21 Our strategy drove strong momentum More money No work Complete confidence INTUIT PLATFORM All-In-One Platform for Consumers +15% Consumer platform revenue 41% of TurboTax revenue is TurboTax Live +47% TurboTax Live revenue +24% TurboTax Live customers Credit Karma members who filed with TurboTax for the first time used TurboTax Live 22% Credit Karma members who filed with TurboTax via Credit Karma +30% Higher Intuit ARPC for customers using both Credit Karma and TurboTax vs. only TurboTax 38% Fast money refunds $14B TurboTax revenue driven by Credit Karma Note: Consumer platform revenue and TurboTax revenue (total) are reported on a fiscal year basis; all other metrics reported on a tax season basis (9 months ending July 31, 2025). 1pt
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22 22 Our strategy drove strong momentum More money No work Complete confidence 1. US QBO includes IES, Advanced, Plus, Essentials, and Simple Start (excludes QuickBooks Self-Employed and Solopreneur). INTUIT PLATFORM All-In-One Platform for Small Business +34% Total online payment volume across payments and bill pay, to $174B +2X QB Live customers +14% Online ecosystem ARPC +8% US QBO customers1 Online Payroll revenue, to $1.4B +25% Total US workers paid annually on QB Payroll 18M Online Money Portfolio revenue, to $1.4B +37%
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23 23 Our strategy drove strong momentum 1. Mid-market refers to QBO Advanced and IES customers; revenue refers to ecosystem revenue, including revenue from services. 2. New Technology: The Projected Total Economic Impact™ Of Intuit Enterprise Suite, a commissioned study conducted by Forrester Consulting on behalf of Intuit (February 2025). Data represents the mid-case scenario of product adoption on Intuit Enterprise Suite including Accounting, Payroll and Time. Numbers are projections in present value based on a composite customer. INTUIT PLATFORM All-In-One Platform for Mid-Market 12 pts Higher payroll penetration for mid-market1 $27K Intuit Enterprise Suite average revenue per contract +40% Mid-market revenue growth1 +23% Growth in mid-market customers1 Projected return on investment over 3 years on IES2 ~300% Higher payments penetration for mid-market1 9 pts More money No work Complete confidence
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24 State of the Company (3x Year) Site visits (14x Year) Intuit Leadership Conference (Yearly) Intuit Operating System Customer Immersion, Operations, & Input Goal Review (Monthly) Big Bet Review (March) Business & Ecosystem Reviews (Varies) CEO Staff (Monthly) Org & Talent Review (Quarterly) 6 year plan (December) 3&1 - year plan (May) Intuit Operating System Trends Ideas Big Bets Engagement Craft Skills Succession KPIs Trade-Offs Horizons (H1/H2/H3) Success Measures Voice of Customer Accountability Priorities Input Goals Accountability Data and Insights Experience Review Inspiration Alignment Clarity One Intuit Forum (8x Year)
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25 Appendix
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26 About non-GAAP financial measures The accompanying presentation contains non-GAAP financial measures. Table 1 and Table 2 reconcile the non-GAAP financial measures in the presentation to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP diluted net income (loss) per share. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP . These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies. We compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. We exclude the following items from all of our non-GAAP financial measures: ● Amortization of acquired technology ● Amortization of other acquired intangible assets ● Restructuring charges ● Share-based compensation expense ● Gains and losses on executive deferred compensation plan liabilities ● Goodwill and intangible asset impairment charges ● Gains and losses on disposals of businesses and long-lived assets ● Professional fees and transaction costs for business combinations We also exclude the following items from non-GAAP net income (loss) and diluted net income (loss) per share: ● Gains and losses on debt securities and other investments ● Gains and losses on executive deferred compensation plan assets ● Income tax effects and adjustments ● Discontinued operations We believe these non-GAAP financial measures provide meaningful supplemental information regarding Intuit’s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments, or our senior management. Segment managers are not held accountable for share-based compensation expense, amortization, or the other excluded items and, accordingly, we exclude these amounts from our measures of segment performance. We believe our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods.
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27 About non-GAAP financial measures (cont.) The following are descriptions of the items we exclude from our non-GAAP financial measures. Amortization of acquired technology and amortization of other acquired intangible assets. When we acquire a business in a business combination, we are required by GAAP to record the fair values of the intangible assets of the business and amortize them over their useful lives. Amortization of acquired technology in cost of revenue includes amortization of software and other technology assets of acquired businesses. Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer lists and trade names. Restructuring charges. This consists of costs incurred as a direct result of discrete strategic restructuring actions, including, but not limited to severance and other one-time termination benefits, and other costs, which are different in terms of size, strategic nature, and frequency than ongoing productivity and business improvements. Share-based compensation expense. This consists of non-cash expenses for stock options, restricted stock units, and our Employee Stock Purchase Plan. When considering the impact of equity awards, we place greater emphasis on overall shareholder dilution rather than the accounting charges associated with those awards. Gains and losses on executive deferred compensation plan liabilities. We exclude from our non-GAAP financial measures gains and losses on the revaluation of our executive deferred compensation plan liabilities. Goodwill and intangible asset impairment charges. We exclude from our non-GAAP financial measures non-cash charges to adjust the carrying values of goodwill and other acquired intangible assets to their estimated fair values. Gains and losses on disposals of businesses and long-lived assets. We exclude from our non-GAAP financial measures gains and losses on disposals of businesses and long-lived assets because they are unrelated to our ongoing business operating results. Professional fees and transaction costs for business combinations. We exclude from our non-GAAP financial measures the professional fees we incur to complete business combinations. These include investment banking, legal, and accounting fees. Gains and losses on debt securities and other investments. We exclude from our non-GAAP financial measures credit losses on available-for-sale debt securities and gains and losses on other investments. Gains and losses on executive deferred compensation plan assets. We exclude from our non-GAAP financial measures gains and losses on the revaluation of our executive deferred compensation plan assets. Income tax effects and adjustments. We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. This long-term non-GAAP tax rate excludes the income tax effects of the non-GAAP pre-tax adjustments described above, and eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Based on our long-term projections, we are using a long-term non-GAAP tax rate of 24% for fiscal 2024, fiscal 2025, and fiscal 2026. This long-term non-GAAP tax rate could be subject to change for various reasons including significant acquisitions, changes in our geographic earnings mix, or fundamental tax law changes in major jurisdictions in which we operate. We will evaluate this long-term non-GAAP tax rate on an annual basis and whenever any significant events occur which may materially affect this rate.
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28 About non-GAAP financial measures (cont.) Operating results and gains and losses on the sale of discontinued operations. From time to time, we sell or otherwise dispose of selected operations as we adjust our portfolio of businesses to meet our strategic goals. In accordance with GAAP , we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. We exclude these amounts from our non-GAAP financial measures. The reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures in Table 2 include all information reasonably available to Intuit at the date of this presentation. This table includes adjustments that we can reasonably predict. Events that could cause the reconciliation to change include acquisitions and divestitures of businesses, goodwill and other asset impairments, sales of available-for-sale debt securities and other investments, and disposals of businesses and long-lived assets.
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29 Table 1: Reconciliation of historical non-GAAP financial measures to the most directly comparable GAAP financial measures See "About non-GAAP financial measures" immediately preceding this Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. [A] Restructuring charges for fiscal year 2024 include $25 million in share-based compensation expense. [B] During the three months ended October 31, 2025 and October 31, 2024, we recognized a $34 million net gain and $42 million net loss, respectively, on other long-term investments. [C] As discussed in “About non-GAAP financial measures - Income tax effects and adjustments” immediately preceding this Table 1, our long-term non-GAAP tax rate eliminates the effects of non-recurring and period-specific items. Income tax adjustments consist primarily of the tax impact of the non-GAAP pre-tax adjustments and the tax benefits related to share-based compensation. (Dollars in millions, except per share amounts) Q1 Q1 Fiscal Fiscal Fiscal Fiscal Fiscal 2026 Fiscal 2025 2025 2024 2019 2014 GAAP operating income $ 534 $ 271 $ 4,923 $ 3,630 $ 1,854 $ 1,300 Amortization of acquired technology 44 37 156 146 20 18 Amortization of other acquired intangible assets 121 120 481 483 6 7 Restructuring [A] - 9 15 223 - - Professional fees for business combinations - - 2 5 1 5 Net loss on executive deferred compensation plan liabilities 16 5 27 - - - Share-based compensation expense 543 511 1,968 1,915 401 186 Non-GAAP operating income $ 1,258 $ 953 $ 7,572 $ 6,402 $ 2,282 $ 1,516 GAAP operating income margin 14% 8% 26% 22% 27% 31% Non-GAAP operating income margin 32% 29% 40% 39% 34% 36% GAAP net income $ 446 $ 197 $ 3,869 $ 2,963 Amortization of acquired technology 44 37 156 146 Amortization of other acquired intangible assets 121 120 481 483 Restructuring [A] - 9 15 223 Professional fees for business combinations - - 2 5 Net loss on executive deferred compensation plan liabilities 16 5 27 - Share-based compensation expense 543 511 1,968 1,915 Net (gain) loss on debt securities and other investments [B] (34) 42 45 - Net gain on executive deferred compensation plan assets (15) (4) (24) - Loss on disposal of a business - - - 9 Income tax effects and adjustments [C] (182) (208) (836) (933) Non-GAAP net income $ 939 $ 709 $ 5,703 $ 4,811 GAAP diluted net income per share $ 1.59 $ 0.70 $ 13.67 $ 10.43 Non-GAAP diluted net income per share $ 3.34 $ 2.50 $ 20.15 $ 16.94 Shares used in diluted per share amounts 281 283 283 284 Non-GAAP tax rate 24.0% 24.0% 24.0% 24.0%
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30 Table 2: Reconciliation of forward-looking guidance for non-GAAP financial measures to projected GAAP revenue, operating income, and EPS See “About non-GAAP financial measures” immediately preceding Table 1 for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. [A] Reflects estimated adjustments for share-based compensation expense of approximately $554 million; amortization of other acquired intangible assets of approximately $121 million; and amortization of acquired technology of approximately $44 million. [B] Reflects estimated adjustments in item [A], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate. (Dollars in millions, except per share amounts) Forward-Looking Guidance GAAP Range of Estimate Non-GAAP Range of Estimate From To Adjmts From To Three Months Ending October 31, 2025 Revenue $ 3,744 $ 3,776 $ - $ 3,744 $ 3,776 Operating income $ 440 $ 460 $ 719 [A] $ 1,159 $ 1,179 Diluted earnings per share $ 1.19 $ 1.26 $ 1.86 [B] $ 3.05 $ 3.12
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31 Cautions about forward-looking statements This presentation contains forward-looking statements, including expectations regarding: forecasts and timing of growth and future financial results of Intuit and its reporting segments; our prospects for the business in fiscal 2026 and beyond; our growth outside the US; timing and growth of revenue from current or future products and services; demand for our offerings; customer growth, engagement, and retention; average revenue per customer and average revenue per return; operational efficiencies from our use of artificial intelligence (“AI”) and automation; our corporate tax rate; changes to our offerings and their impact on our business; availability of our offerings and their features; and the impact of our strategic decisions on our business. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the effects of global developments and conditions or events, including macroeconomic uncertainty and geopolitical conditions, which have caused significant global economic instability and uncertainty. Given these risks and uncertainties, persons reading this communication are cautioned not to place any undue reliance on such forward-looking statements. These factors include, without limitation, the following: our ability to compete successfully; potential governmental encroachment in our tax business; our ability to develop, deploy, and use AI in our platform and offerings; our ability to adapt to technological change and to successfully extend our platform; our ability to predict consumer behavior; our ability to anticipate and solve new and existing customer problems; our reliance on intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with our environmental, social, and governance efforts; risks associated with acquisition and divestiture activity; the issuance of equity or incurrence of debt to fund acquisitions or for general business purposes; cybersecurity incidents (including those affecting the third parties we rely on); customer or regulator concerns about privacy and cybersecurity incidents; fraudulent activities by third parties, including through the use of AI; our failure to process transactions effectively; interruption or failure of our information technology; our ability to develop and maintain critical third-party business relationships; our ability to attract and retain talent and the success of our hybrid work model; our ability to effectively develop and deploy AI in our offerings; any deficiency in the quality or accuracy of our offerings (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; risks associated with climate change; changes to, and evolving interpretations of public policy, laws, or regulations affecting our businesses; allegations of legal claims and legal proceedings in which we are involved; fluctuations in the results of our tax business due to seasonality and other factors beyond our control; changes in tax rates and tax reform legislation; global economic conditions (including, without limitation, inflation); exposure to credit, counterparty, and other risks in providing capital to businesses; amortization of acquired intangible assets and impairment charges; our ability to repay or otherwise comply with the terms of our outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; and our ability to successfully market our offerings. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2025 and in our other SEC filings. You can locate these reports through our website at http://investors.intuit.com. Forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. Except as required by law, we do not undertake any duty to update any forward-looking statement or other information in this presentation.