CLAIM #32829 · Intuit Inc (INTU) · 2026Q1 earnings call · Nov 20, 2025

“We continue to target double-digit growth for Mailchimp exiting fiscal 2026.”

Sandeep Aujla · CFO

How to check this claim

Look at: Mailchimp segment revenue year-over-year growth rate, exiting fiscal 2026 (Q4 FY2026)

It came true if: Mailchimp revenue growth >= 10% year-over-year in Q4 FY2026

Where: company-disclosed segment revenue (Intuit 10-K / Q4 FY2026 earnings call)

Knowable after: 2026-08-31

In context

“% in Q1, or 26% excluding Mailchimp. This growth was driven by money, which includes payments, capital, and bill pay, as well as payroll. Within money, revenue growth in the quarter reflects payments revenue growth, which was driven by customer growth, an increase in total payment volume per customer, and higher effective pricing, as well as 29% in Q1, reflecting our continued momentum in payments and adoption of our bill pay offering. All-in payment volume growth excluding bill pay was 18%, relatively consistent with the range you've seen over the last several quarters. Within payroll, revenue growth in the quarter reflects mix shift, customer growth, and higher effective prices. Within Mailchimp, revenue was down slightly versus a year ago, in line with our expectations for the quarter. We continue to target double-digit growth for Mailchimp exiting fiscal 2026. We are seeing strong results from a mid-market sales team within Mailchimp with several recent larger customer wins, as well as increasing retention rates in the mid-market segment. We are continuing to invest more in go-to-market for these higher-value customers and beginning to increase broader go-to-market spend to drive acquisition of smaller customers. Turning to desktop, Desktop ecosystem revenue grew 6% in Q1, and QuickBooks Desktop Enterprise revenue grew in the low double digits in Q1. We expect desktop ecosystem revenue to grow low single digits in fiscal 2026. Turning to our consumer platforms, we are pleased with our strong momentum. Q1 revenue grew 21%, driven by 27% TurboTax revenue growth, 6% Protex revenue growth, and 15% Credit Karma revenue growth. Within 13 points of gr”

Verify independently

SEC filings for INTU ↗ · Quote is verbatim from the 2026Q1 earnings call.