Intuit's leadership provides a financial update, outlines forward-looking statements, and opens the floor for questions from participants.

Intuit, a leading financial software company, closed fiscal year 2026 with strong results, including a 20% increase in earnings per share and a 34% growth in tax and mid-market segments. To further evolve, the company is shifting focus towards accelerating customer acquisition and market share growth. Intuit is sharpening its product strategy to attract new customers while scaling successful areas, emphasizing AI-driven financial intelligence. The company is prioritizing direct convenience and franchise acquisition, leveraging industry-specific innovations, and strengthening its accountant network. With over 75% of Intuit Enterprise Suite customers utilizing AI agents monthly, the focus is now on scaling this value across a broader customer base, aiming to create a unified financial system of intelligence that powers prosperity for consumers, businesses, and accountants.

Intuit aims to grow with customers by managing more of their financial and workforce needs, leveraging QuickBooks and new services like the Intuit Business credit card. With a focus on increasing customer engagement and adoption of platform services, the strategy targets higher ARPC and market share expansion, positioning for sustainable growth.

The consumer platform experienced 11% revenue growth, with TurboTax and Credit Karma as key entry points. By focusing on rebuilding the customer funnel and scaling successful areas, the platform facilitated 39 million tax returns and $120 billion in refunds. Opportunities to deepen relationships and increase platform ARPC are highlighted, with a 44% growth in personal finance offerings and 104% growth in connected financial accounts. The strategy aims to use the financial system of intelligence to guide consumers in smarter financial decisions, leveraging significant scale and partnerships to expand credit card and personal loan originations.

TurboTax is evolving its tax growth model by focusing on rebuilding the DIY funnel, enhancing the entry experience, and leveraging AI to improve customer engagement and lifetime value. The strategy involves accepting lower initial ARP to acquire more quality customers, expanding distribution channels, and investing in AI-native experiences. This approach aims to grow the share of total IRF e-filers, deepen customer engagement across the platform, and accelerate customer growth, particularly among new franchise customers, while maintaining competitive pricing and scaling efficient expert services.

Highlights robust revenue and earnings growth, driven by online ecosystem expansion, AI-enhanced services, and strategic customer acquisition, with notable progress in payments, capital, and tax solutions.

Cortex Group reported $647 million in fiscal 2026 revenues, a 4% increase, with significant growth in credit card revenue. The company strengthened liquidity through C notes issuance, increased share repurchases by 179% in Q4, totaling $5.5 billion for the year, and approved a 15% higher quarterly dividend, reflecting confidence in long-term growth opportunities.

Announced changes in reporting for Mailchimp and inclusion of share-based compensation in non-GAAP measures. Guidance for 2027 forecasts total revenue growth deceleration due to shifts in desktop ecosystem, tax, and credit karma, with GBS segment expecting 13-14% growth driven by online accounting and services. Investments in new franchises and customer growth strategies are emphasized, impacting revenue dynamics across businesses.

The company outlines its fiscal 2027 guidance, focusing on consumer segment growth, tax preparation market share, and long-term revenue growth targets. It emphasizes strategic investments in sales, marketing, and product innovation, alongside workforce efficiency gains, to drive margin expansion and profitability. Long-term revenue growth is targeted at 10-15% for the global business solutions segment and 4-8% for the consumer segment, with a commitment to disciplined capital allocation and margin improvement.

The company reaffirms its dedication to retaining top talent through strategic investment in share-based compensation, aiming for an 8% revenue ratio by 2030. It also outlines a commitment to high-teens annual non-GAAP EPS growth, emphasizing alignment and disciplined execution to overcome challenges and capitalize on growth opportunities.

Amidst concerns about structural changes, the company reassures stakeholders of its strategy to reset expectations, scale successful initiatives, and double down on AI investments to enhance customer experiences. A focus on DIY tax, low-end business, and mid-market segments, alongside market share gains, is outlined as key to achieving future growth and profitability.

A company explains its strategy to adapt to different consumer behaviors in the DIY and assisted tax markets, emphasizing the importance of quality customer acquisition and monetization across platforms, while maintaining a strong presence in both segments to capture the majority of the total addressable market.

Investors question the impact of new entrants on GS business growth, seeking clarification on competitive pressures driving recent developments.

The discussion highlights the company's strategy to scale mid-market growth, increase service adoption, and focus on new customer acquisition, leveraging AI investments and a comprehensive go-to-market approach.

Aims to leverage AI investments to enhance competitive positioning, foster customer growth, and expand market share, emphasizing the importance of scaling mid-market operations and resetting growth expectations.

The dialogue focuses on strategies to enhance growth in mid-market and online customer segments, highlighting the significant addressable market, successful platform scaling, and the introduction of innovative products. It discusses the slowdown in online customer growth, emphasizing the need for targeted go-to-market motions and product enhancements to maintain competitive positioning and future growth potential.

Company sharpens guidance, lowering GDC and margin expectations, while emphasizing the importance of competitive positioning, quality customer acquisition, and leveraging DIY customer benefits for long-term growth. Plans to double down on franchise acquisitions and reset expectations for durable growth, ensuring safety and prudent long-term modeling.

A company's strategic focus on scaling big bets and enhancing customer acquisition is highlighted, with emphasis on overcoming current growth hurdles in DIY tax and online paying customers. Decisive actions are being taken to improve monetization and traffic, leveraging AI for innovation. The aim is to strengthen market share and ensure long-term growth, with reacceleration expected to be achieved by fiscal 2027, contingent on successful implementation of planned changes.

The company emphasizes quarterly updates on progress towards 2028 objectives, allowing stakeholders to assess execution speed. Focus is on transparency and performance tracking to ensure alignment with long-term goals.