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Fortune
Fortune
Sheryl Estrada

Intuit hits a record milestone of $20 billion in revenue—and sets the stage for a strategic pullback

In this photo illustration, an Intuit Inc. logo seen displayed on a smartphone. (Credit: Getty Images)

Good morning. Intuit closed fiscal 2026 with numbers that would make most software companies celebrate. But the company is entering fiscal 2027 with a different priority: rebuilding customer acquisition, even if that means sacrificing revenue growth in the near term.

For its fiscal fourth quarter, reported Tuesday, Intuit (No. 231 on the Fortune 500) posted revenue of $4.354 billion, ahead of Wall Street’s $4.268 billion estimate, with earnings per share of $4.03 versus the $3.58 analysts expected. That capped a fiscal year in which the company crossed $20 billion in annual revenue for the first time, beating guidance and consensus across every metric.

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