INTUIT INC. (INTU): restructuring charge — Intuit Q3 revenue $8.6B (+10%), non-GAAP EPS $12.80 (+10%); cuts 17% workforce, raises dividend to $1.20

INTUIT INC.

2026-Q3 EPS reported $15.05 revenue$17,094,000,000

Revenue $8.558B (+10% YoY); GAAP EPS $11.09, non-GAAP EPS $12.80 (+10-11%).
Consumer revenue $5.3B (+8%); TurboTax $4.4B (+7%); Credit Karma $631M (+15%).
Global Business Solutions $3.3B (+15%); Online Ecosystem $2.5B (+19%).
Workforce reduction of ~17%; estimated charges $300-340M in Q4 FY26; completion by Q1 FY27.
Board approved $1.20/share dividend; payable July 17, 2026 to holders of record July 9, 2026.

item 2.02 item 2.05 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTUIT INC. reported the third quarter of fiscal 2026, which ended April 30 results: revenue $8.6 billion, net income $4.0 billion, EPS $11.09. Guidance raised.

Period: the third quarter of fiscal 2026, which ended April 30
Revenue: $8.6 billion
Net income: $4.0 billion
EPS: $11.09
Guidance: raised
Result: reported results

Exact text from the filing

an organization that operates with greater velocity to deliver durable long-term growth." Financial Highlights For the third quarter, Intuit: • Grew total revenue to $8.6 billion, up 10 percent. • Grew Consumer revenue to $5.3 billion, up 8 percent. Increased TurboTax revenue to $4.4 billion, up 7 percent, and Credit Karma revenue to $631 million, up 15

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

INTUIT INC. announced a restructuring with charges of approximately $300 million to $340 million (approximately 17%).

Type: restructuring
Charge: approximately $300 million to $340 million
Headcount: approximately 17%

Exact text from the filing

On May 20, 2026, the Company announced a plan (the “Plan”) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the Plan, the Company will reduce its full-time workforce by approximately 17% and is considering the closure of certain of its sites in service to growing technology teams and capabilities in strategic locations. The Company estimates that it will incur approximately $300 million to $340 million in charges in connection with the Plan, primarily in its fourth fiscal quarter ending July 31, 2026.

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INTUIT INC. filing history →

Source: SEC EDGAR

accession 0000896878-26-000024

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