New York, Feb 2, 2026, 14:11 EST — Regular session
- Shares of Intuit slipped roughly 1.5% in afternoon trading following news of a new QuickBooks payments partnership
- Affirm jumped over 3% after being selected as the exclusive pay-over-time option within QuickBooks Payments
- All eyes are on Intuit’s Feb. 26 earnings, as investors await updates on tax season and payments
Intuit shares dropped 1.5% to $491.57 in Monday afternoon trading following the announcement of a multi-year deal with Affirm to introduce “buy now, pay later” options within QuickBooks. This feature will allow customers to break payments into installments. The stock started the day at $500.99 and slid as low as $489.70. Meanwhile, Affirm’s shares climbed 3.2% to $62.23.
The announcement shifts focus back to payments and financing features linked to Intuit’s small-business tools, a segment investors see as a key growth driver beyond traditional software subscriptions.
This comes as the U.S. enters the thick of tax season. The IRS announced the 2026 filing season kicked off on Jan. 26, with the April 15 deadline looming for 2025 returns.
Intuit announced that Affirm will be the exclusive pay-over-time option integrated into QuickBooks Payments. This feature will launch in the coming months for qualifying U.S. QuickBooks Online users. The company highlighted that over half of small businesses are chasing unpaid invoices, with an average outstanding amount of $17,500 per business. Intuit also manages more than $2 trillion in invoices annually on its platform. David Hahn described the partnership as “a powerful new way to increase conversion and improve cash flow,” while Pat Suh referred to it as “another lever for growth.” Intuit Inc.
A separate disclosure late last week revealed Intuit arranged additional seasonal liquidity for its tax-related products. In an SEC filing dated Jan. 30, the company announced a $5.8 billion unsecured, short-term revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, set to mature on March 31, 2026. The filing specified that borrowings are restricted to Intuit’s early tax refund offering, which lets eligible customers access federal refunds up to five days before IRS settlement, once the company gets confirmation and payment initiation from the U.S. Department of the Treasury. Intuit noted it had not drawn on the facility at the time.
A revolving credit facility is a corporate credit line that companies can draw from, repay, and then borrow again. Its pricing usually ties to a short-term benchmark rate, causing costs to fluctuate rapidly as rates shift.
Traders are turning their attention to the upcoming report. Intuit plans to release its fiscal second-quarter results on Feb. 26 after markets close, with a conference call scheduled for 1:30 p.m. Pacific time.
The report should shed light on tax-season momentum and reveal if payment attach rates are climbing as more users turn to QuickBooks for invoicing and collections.
By adding pay-over-time options, Intuit steps further into a crowded payments arena, competing with PayPal and Block, who already provide installment-style products alongside cards and bank transfers.
The QuickBooks rollout is set to happen in the next few months, though neither company has given a revenue target for the partnership. Success depends on merchants activating the feature, customers opting for it at checkout, and credit approvals holding steady.
Intuit’s next big date is Feb. 26, when it will report earnings and give an update on tax-season momentum as well as progress on its payments initiative.
