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Intuit FY27 guidance was reaffirmed at the company’s Investor Day on September 17, 2026, unchanged from the figures issued on August 25. Total revenue of $23.28 billion to $23.51 billion implies 9% to 10% growth, with GAAP diluted earnings per share of $20.12 to $20.36 and non-GAAP of $22.88 to $23.12.
What Intuit FY27 Guidance Says Segment by Segment
A reaffirmation three weeks after the original guidance is not news by itself. The segment breakdown underneath it is. Global Business Solutions, the QuickBooks and mid-market engine, is guided to $13.07 billion to $13.16 billion at 13% to 14% growth. Credit Karma comes in at $2.92 billion to $2.97 billion, up 11% to 13%. TurboTax is guided to 2% to 3% growth and ProTax to 2%. Mailchimp is guided to between minus 1% and flat.
Read those five lines together and the shape of Intuit is clear. Two segments are carrying the company. One is a small business franchise nobody seriously threatens. The other is a credit marketplace whose growth tracks lender appetite for consumer loan volume. The consumer tax business, which is what most people still think Intuit is, is growing at roughly the rate of United States household formation.
The Mailchimp Problem Nobody Wants to Discuss
Mailchimp is the number worth asking about on the call. Intuit paid $12 billion for it in 2021 and has now guided it to flat or negative growth for a full fiscal year. Email marketing is competitive, but Mailchimp arrived as the incumbent brand with the largest installed base, so flat is not a market share story you can pin on a new entrant.
It reads as an acquisition that stopped compounding, parked inside a company whose other segments are strong enough that nobody has to talk about it much. At $1.26 billion of guided revenue it is now about 5% of the group, which is roughly the threshold below which an $12 billion purchase stops being discussed as a strategic pillar and starts being discussed as a line item.
The Operating Income Line Is the Persuasive One
Sasan Goodarzi, Intuit’s chairman and chief executive, described the company as creating the future of financial intelligence, bringing together data, financial expertise, domain-specific models and a network of human experts. Intuit has used that framing for several quarters, and to its credit has pointed to monetisation rather than roadmap.
Guiding GAAP operating income up 26% to 27% on 9% to 10% revenue growth is the more convincing statement. Profit growing at close to three times the rate of revenue means the AI spending is being absorbed inside the existing cost base rather than sitting on top of it. That is the distinction between a company deploying AI and a company announcing it, and it is visible in the numbers rather than the language.
What This Is, Underneath the AI Framing
My overall read is that this is a well-run compounding software business described in AI language because that is the language investors want this year. The durable asset is QuickBooks distribution into United States small businesses, and the question is whether mid-market moves fast enough to keep Global Business Solutions growing at 13% as the base gets larger.
Sector peers are making the same pivot with varying credibility, from Ant Group open-sourcing a valuation-focused financial model to the mixed picture at Navan, where revenue growth and GAAP losses rose together. Intuit is on the right side of that comparison.
Intuit’s fiscal first-quarter results are the next checkpoint. Watch Global Business Solutions growth and whether Mailchimp gets any commentary beyond the guidance line on the investor relations site.
What to Watch Next in Intuit FY27 Guidance
Intuit reports fiscal first-quarter results in November and two lines carry the story. Global Business Solutions growth is the first: holding 13% to 14% as the revenue base approaches $13bn requires mid-market wins rather than price increases on the existing QuickBooks estate, and the split between the two is not disclosed. Credit Karma is the second, because its growth depends on lender appetite for consumer loan volume, which turns with the credit cycle rather than with anything Intuit controls. Mailchimp is the one to listen for on the call. A segment guided flat to negative after a $12bn purchase usually gets either a turnaround plan or quiet reclassification, and Intuit FY27 guidance does not indicate which is coming.
