Q2: 2026-02-26 Earnings Abstract
EPS of $4.15 beats by $0.47
| Income of $4.65B (17.36% Y/Y) beats by $118.79M
Intuit Inc. (INTU) Morgan Stanley Expertise, Media & Telecom Convention 2026 March 2, 2026 1:00 PM EST
Firm Contributors
Sasan Goodarzi – CEO, President & Chairman
Convention Name Contributors
Keith Weiss – Morgan Stanley, Analysis Division
Presentation
Keith Weiss
Morgan Stanley, Analysis Division
Glorious. Thanks, everybody, for becoming a member of us. My title is Keith Weiss. I run the U.S. fairness analysis franchise protecting software program right here at Morgan Stanley.
And actually happy to start out out my convention speaking with Intuit CEO, Sasan Goodarzi. Sasan, thanks a lot for becoming a member of us.
Sasan Goodarzi
CEO, President & Chairman
Thanks for having me. Pleased Monday, all people.
Query-and-Reply Session
Keith Weiss
Morgan Stanley, Analysis Division
Glorious. So possibly to start out off, you guys simply reported Q2 outcomes final week. A extremely spectacular set of outcomes. Beat revenues — nearly each section, beat revenues. Working margins got here in properly forward of expectations. EPS, you beat EPS by 12.5%. Are you able to discuss to us about what is going on on below the hood? Like what are the developments that you just guys are seeing up to now in your fiscal yr that is enabling you to place up these outcomes, to beat on the highest line and convey extra leverage and beat on the underside line the best way that you just did?
Sasan Goodarzi
CEO, President & Chairman
Sure. Certain. So simply as context, we ended our final fiscal yr rising 16%. And to Keith’s query, first half of the yr, we truly grew 18%, and Q2, which is what we simply introduced, was 17% prime line development.
And actually, the drivers have been throughout the complete enterprise. Our Enterprise platform grew 18%. And inside our Enterprise platform, a key metric we have a look at, which is likely one of the firm’s large bets, is mid-market. That grew 40%. And our Client platform grew 15%.
