INTU · Q4 FY2026
INTUIT INC. Q4 FY2026 earnings analysis
By SageNoodle ResearchBullish
| Metric | Actual | Estimate | Result |
|---|---|---|---|
| Revenue | $4.35B | $3.83B yr ago | Beat |
| EPS | $1.41 | $1.34 yr ago | Beat |
| Free Cash Flow | $1.30B (supplemental; not thesis-relevant) | $0.40B yr ago | Beat |
| Gross Margin | Not meaningful | Not meaningful yr ago | Miss |
| Operating Margin | 10.9% pre-tax margin | 8.8% pre-tax margin yr ago | Beat |
What changed
Q4 FY2026 revenue increased 13.6% year over year to $4.35B, while EPS rose a more modest 5.2% to $1.41. Pre-tax margin improved 2.1 percentage points to 10.9%, and the full year closed with 13.9% revenue growth, a 27.4% pre-tax margin and EPS of $16.46.
Impact on the investment thesis
There was no prior SageNoodle fair value. We establish fair value at $329 per share: the quarter supports a 20x multiple on FY2026 EPS, but the gap between revenue and Q4 EPS growth prevents a more aggressive appraisal.