Intuit (NASDAQ: INTU) Management Reiterates Confidence in Long-Term Growth Trajectory.

Intuit significantly scales share repurchase program; Intuit’s founder and executive leadership team terminate pre-scheduled stock sales

Amid external market volatility, Intuit’s senior leadership team is reiterating confidence in the company’s strategy and long-term growth trajectory. Management believes Intuit’s current stock price is meaningfully misaligned with the company’s fundamental value. To underscore their strong conviction, Intuit’s executive leadership team and company founder are terminating all outstanding pre-scheduled stock sale plans established under Rule 10b5-1. This action builds on the aggressive share repurchase program shared in Intuit’s second quarter 10-Q filing on February 26.

“In our category, consumers and businesses make high-stakes financial decisions where accuracy, compliance, security, and trust are critical and the liability of getting it wrong is high. That’s why customers demand human expertise – customers buy confidence, not code, hence spend at least seven times more on accounting & tax human experts than software. Our AI-driven expert platform combines the power of technology and AI-powered human experts all in one place to deliver done-for-you experiences and complete confidence,” said Sasan Goodarzi, chairman and chief executive officer of Intuit.

Goodarzi continued, “With the combination of data, AI, and human intelligence, we are expanding our addressable market beyond the software category and becoming the AI-fueled human interface that customers demand to have complete confidence, all while scaling ARPC and expanding margin, resulting in accelerated growth. We are more confident than ever in our game plan to win the interface layer that matters most to our customers.”

In the first half of its fiscal year, the company repurchased $1.8 billion of Intuit shares, a 40 percent increase compared to prior year. Intuit intends to substantially accelerate repurchases utilizing up to the $3.5 billion that remained under its current authorization at the end of the second quarter of fiscal year 2026, which ended January 31. Under current market conditions, executing on the remaining authorization would approximately double the first half repurchase pace and nearly double full-year buybacks compared to the prior year. Repurchases under the remaining authorization, together with expected dividends, would represent a substantial increase in capital returned to shareholders in fiscal year 2026.

The expansion of Intuit’s share repurchase program is supported by a long history of disciplined execution as evidenced by our accelerating revenue growth, our strong cash generation, and shareholder returns.

This is the next chapter of Intuit: service as software, built on data, AI, and human intelligence, delivering double-digit revenue growth with expanding margins.