Intuit reports 14% revenue growth driven by AI agent adoption

Intuit reported a 14% increase in total revenue for its fiscal fourth quarter, reaching $4.4 billion. The company’s Global Business Solutions revenue rose 14% year-over-year to $3.4 billion, while Consumer revenue also grew by 14% to $930 million.

CEO Sasan Goodarzi highlighted the rapid adoption of ‘Intuit Intelligence,’ an AI-powered system designed to unify business data and automate financial tasks. Among users of the Intuit Enterprise Suite, 75% are deploying AI agents on a monthly basis. The company noted that these AI-native experiences have helped customers reduce manual work by 30% and receive payments four days faster.

Looking ahead, Intuit plans to shift its fiscal 2027 strategy toward acquiring new customers to address slower growth in certain segments of QuickBooks and TurboTax.

In recent institutional activity, several firms have taken new or increased positions in Intuit stock. Ally Financial Inc. purchased 5,000 shares, while Varma Mutual Pension Insurance Co acquired 50,958 shares during the second quarter.