Added to YB: 2026-05-25
Pitch date: 2026-05-21
INTU [bullish]
Intuit Inc.
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States.
Market Cap
$87.5B
Pitch Price
N/A
Price Target
N/A
Dividend
1.50%
EV/EBITDA
13.37
P/E
19.57
EV/Sales
4.19
Sector
Software
Category
growth
Intuit: Buy The Blip?
INTU (added to position): Guided TurboTax rev growth down 1pt to 7% (from 8%) due to 2MM fewer filings & weakness in low-income DIY filers; overall FY26 guide raised to 13-14% rev growth, +1pt op margin expansion, 18% EPS growth. Cutting 17% workforce w/ most savings to bottom line. TurboTax Live (assisted) +36% rev, +38% customers, now 53% of TT rev. QuickBooks online payments/payroll +25% TTM to $3.4B. Trades ~15x normalized FY27 EPS of $21 after adjusting for $300M restructuring & $660M intangible amortization. Thesis intact: AI-resistant assisted tax shift, SMB platform dominance, strong payments/payroll growth. Adding to position but slowly as next catalyst is FY27 tax season.
Read full article (4 min)