New York, February 6, 2026, 21:30 EST — The session wrapped up with markets closed.
- Intuit finished Friday at $443.77, up 2.04% for the session. Shares remain roughly 45% under their July high.
- TurboTax, QuickBooks, Credit Karma, and Mailchimp apps from Intuit have landed inside ChatGPT for users in the U.S., the company said.
- Coming up next week: U.S. jobs and inflation numbers. After that, Intuit’s fiscal Q2 results drop on Feb. 26.
Intuit Inc (INTU) gained 2.04% Friday, finishing the session at $443.77 after buyers snapped up a wide swath of battered software stocks. Trading picked up, with volume topping Intuit’s recent average. Still, shares have a lot of ground to recover—about 45% off the 52-week high from late July. 1
U.S. markets stay dark until Monday, leaving the focus squarely on the coming economic data. Investors are eyeing Wednesday’s nonfarm payrolls, with Friday’s consumer price index looming right after — both capable of shaking up rate expectations and tech stock pricing in a hurry. 2
Software stocks aren’t catching a break. The S&P 500 software and services index dropped 4.6% on Thursday and has now erased about $1 trillion in market cap since Jan. 28—a stretch some traders are calling “software-mageddon.” “I would classify this as a sell-everything mindset at this point,” said Dave Harrison Smith, chief investment officer and head of technology investing at Bailard. 3
Intuit on Thursday announced that its TurboTax, Credit Karma, QuickBooks, and Mailchimp apps have rolled out inside ChatGPT for U.S. users who are logged in. Chief technology officer Alex Balazs called the move “a new level of trusted guidance and smart financial actions.” Intuit emphasized that customer data remains with Intuit and won’t be used for training foundation models. 4
Tax season is in full swing, and that’s crucial for Intuit’s TurboTax business. The IRS kicked off the 2026 filing window back on Jan. 26, with roughly 164 million individual returns projected before the April 15 federal deadline. 5
Intuit plans to release its fiscal second-quarter 2026 earnings after the bell on Feb. 26, according to the company. Executives are set to host a conference call that day at 1:30 p.m. Pacific. The quarter wrapped up on Jan. 31. 6
Investors are eyeing whether Intuit’s product tweaks will translate into more reliable payments revenue. This week, the company rolled out a multi-year tie-up with Affirm, making the buy-now, pay-later player the only pay-over-time choice integrated into QuickBooks Payments. “We are giving businesses a powerful new way to increase conversion and improve cash flow,” said David Hahn, an Intuit executive. 7
No consensus yet on just how quickly AI might upend software earnings. “The threat is real and valuations must account for that,” said James St. Aubin, Ocean Park Asset Management’s chief investment officer. That’s been the core driver behind the recent selloff, he noted. 8
But it’s not just about sliding stock multiples. Software’s slump is starting to catch up with asset managers and private equity groups, Reuters reported Friday, as investors grow uneasy about loans and leverage linked to the space. “The trigger … is the software selloff and concern over loan exposure and leverage,” said Mark Hackett, Nationwide’s chief market strategist. 9
The next event for Intuit stock lands Feb. 26. The company will release its results and face investor questions on tax-season numbers and how quickly its AI products are rolling out. 10
