Intuit Rating Slashed: Stock Drops -6.1% on Piper Sandler Downgrade
Can Intuit defend its massive software moat against rising AI competitors, or is the latest Wall Street downgrade just the beginning of a deeper correction?
Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. The Global Business Solutions segment provides QuickBooks services, which include financial and business management online services, desktop software, payroll solutions, time tracking, merchant payment processing and bill pay solutions, checking accounts, and financing services for small and mid-market businesses; and Mailchimp, a marketing automation and customer relationship management. This segment also offers QuickBooks online services and desktop software…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q 2026 Apr 2026 | $8.56B | — | $3.06B | $11.09 | — | 83.9% | 47.0% |
| Q 2026 Jan 2026 | $4.65B | — | $693.0M | $2.48 | — | 77.6% | 18.4% |
| Q 2025 Oct 2025 | $3.89B | — | $446.0M | $1.59 | — | 77.3% | 13.8% |
| Q 2025 Jul 2025 | $3.83B | — | $381.0M | $1.35 | — | 76.7% | 8.9% |
| Q 2025 Apr 2025 | $7.75B | — | $2.82B | $10.02 | — | 84.6% | 48.0% |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Can Intuit defend its massive software moat against rising AI competitors, or is the latest Wall Street downgrade just the beginning of a deeper correction?