CLAIM #32830 · Intuit Inc (INTU) · 2026Q1 earnings call · Nov 20, 2025

“We expect desktop ecosystem revenue to grow low single digits in fiscal 2026.”

Sandeep Aujla · CFO

How to check this claim

Look at: Desktop ecosystem revenue growth, fiscal year 2026 vs fiscal year 2025

It came true if: Growth between 1% and 3%

Where: Company segment revenue disclosures (10-K / Q4 FY2026 earnings release)

Knowable after: 2026-08-31

In context

“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 growth, credit cards accounted for 10 points, and auto insurance for three points. Looking ahead, the results from more than 300 go-to-market and product experience tests run during Q1 bolster our confidence in our strategy to win this upcoming tax season. We are excited about the opportunity ahead for our all-in-one consumer platform powered by AI, human intelligence, and data to empower customers to take year-round control of their finances, from credit building to wealth building, while driving monetization for Intuit Inc. Shifting to our balance sheet and capital alloca”

Verify independently

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