Mountain View, California, April 25, 2026, 13:05 (PDT)
- Intuit finished Friday up 3.3%, recovering part of the ground lost in Thursday’s AI-fueled software selloff.
- Up next is its fiscal third quarter, wrapping up on April 30—a stretch loaded with tax activity.
- QuickBooks and TurboTax are showing growth, but investors can’t ignore anxiety around AI’s potential to squeeze legacy software pricing.
Shares of Intuit Inc. rebounded Friday, offering the TurboTax and QuickBooks parent a break after a steep slide sparked by Wall Street’s newest concern—AI pushing further into business software.
The stock finished at $395.95, gaining 3.3% and bringing its market cap to roughly $110.9 billion. Adobe added 2.7% that day. Paychex and Oracle ended lower, putting Intuit on top among a group of software and business-services names as investors sorted through the aftermath of Thursday’s selloff.
The clock is ticking for Intuit as it wraps up its fiscal third quarter—a period that captures the heart of U.S. tax-filing season. Its upcoming results will reveal if TurboTax, Credit Karma, and the small-business suite managed to keep demand steady after a tough run for software shares.
Intuit dropped 6.2% on Thursday, Reuters said, with IBM and ServiceNow’s weakness sparking fresh concern that AI could take over tasks traditionally owned by legacy software vendors. The pain wasn’t limited to a single name—Microsoft, Adobe, CrowdStrike, and Datadog all moved lower, underlining the broad-based pressure across the sector.
Intuit is forecast by analysts polled by Barchart to post fiscal third-quarter earnings of $11.13 per share, jumping from $10.44 last year. According to the article, Intuit hasn’t missed Wall Street’s profit targets in the last four quarters—so this next report could show if the market still values that kind of consistency, especially as investors debate the durability of software moats.
Back in February, Intuit reported a 17% year-over-year jump in second-quarter revenue to $4.7 billion, crediting gains in both Global Business Solutions and Consumer segments. CEO Sasan Goodarzi pointed to ongoing efforts building out AI-powered and “autonomous, done-for-you experiences” anchored by human expertise. CFO Sandeep Aujla highlighted sustained “double-digit revenue growth” alongside margin improvement, as Intuit stuck by its full-year guidance. Intuit Inc.
Intuit expects its fiscal third-quarter revenue to climb roughly 10% by April 30. The company is projecting GAAP diluted earnings per share between $10.56 and $10.62, and non-GAAP EPS in the $12.45 to $12.51 range. That non-GAAP figure strips out certain accounting costs—an approach regularly used by software companies to spotlight operating results.
The landscape has moved quickly. Now, Intuit finds itself measured not only against tax and payroll players like H&R Block and Paychex, but also up against AI assistants from major tech companies. That’s got investors wondering if these tools could end up handling the financial chores that used to anchor people to TurboTax, QuickBooks, or Credit Karma.
The software sector’s mood is now being dictated by that same debate. UBS Global Wealth Management’s Kiran Ganesh told Reuters the divide over AI within tech is set to steer the market, and he expects “a lot bigger range of outcomes” than investors have seen before. Reuters
Intuit’s biggest quarter sets up a tighter margin for error. In its most recent filing, the company pointed out just how much tax-prep revenue clusters between November and April. Tweaks to filing deadlines, tax forms, or e-filing systems? Those can jolt results and weigh on the shares.
Pricing looms, too. Should AI enable tax prep, bookkeeping, or customer marketing to get bundled more easily outside Intuit, the company faces a challenge: convincing customers that its data, compliance features, and human help still justify paying more.
Friday’s bounce suggests investors aren’t leaving Intuit just yet. The upcoming report, though, is shaping up as more than a standard tax-season check-in—it’s set to test if a major, profitable software firm can make AI work in its favor, not against it, and keep that revenue stream alive.
