Intuit Q2 FY26: where the revenue came from and where it went
The whole income statement of Intuit for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Nov 1, 2025 – Jan 31, 2026
- Reported
- Feb 26, 2026
Revenue$4.65B
+17% year over year
Gross profit$3.49B
75% margin
Operating profit$0.86B
18% margin
Net profit$0.69B
15% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.65 | 100% | +17% |
| Online accounting | 1.25 | 27% | |
| Online services | 1.22 | 26% | |
| Credit karma | 0.62 | 13% | |
| TurboTax | 0.58 | 13% | |
| QuickBooks desktop | 0.41 | 9% | |
| ProTax | 0.29 | 6% | |
| Services & supplies | 0.29 | 6% | |
| Cost of revenue | −1.16 | 25% | |
| Gross profit | 3.49 | 75% margin | +2pp |
| R&D | −0.84 | 18% | +0pp |
| Sales & marketing | −1.40 | 30% | +0pp |
| G&A | −0.40 | 9% | −1pp |
| Operating profit | 0.86 | 18% margin | +3pp |
| Tax | −0.16 | ||
| Net profit | 0.69 | 15% margin | +3pp |
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