CLAIM #32861 · Intuit Inc (INTU) · 2026Q2 earnings call · Feb 26, 2026

“I think the thing you can expect from us, Sandeep said this earlier, is continued margin expansion at the company level.”

Sasan Goodarzi · CEO

How to check this claim

Look at: Company-level operating margin (non-GAAP), fiscal year

It came true if: Full fiscal year non-GAAP operating margin higher than prior fiscal year's reported figure

Where: Company income statement / non-GAAP reconciliation (10-K / earnings release)

Knowable after: 2026-08-31

In context

“n of both as part of the platform. And that will impact how we think about not just subscription pricing, but consumption. So what we are seeing is very durable and not just for the next couple of quarters. We've been focused on these 3 growth vectors for some time, and we're seeing the impact of our investments. Last thing before I turn it over to Sandeep, you asked about economics. Both with OpenAI and Anthropic, we do not share in any of the economics. Whatever the usage is by our customers, it's the same economics, if the customers come to us directly. And we're just really focused on the experience. And I think we have a lot to prove together as to whether or not customers actually want to engage through these LLM apps. But we enjoy all of the economics. There is no margin expansion. I think the thing you can expect from us, Sandeep said this earlier, is continued margin expansion at the company level. Sandeep Aujla: Alex, let me build on that and also touch on your point around Mailchimp or a question around Mailchimp. When it comes to AI, keep in mind, the margins are driven by the monetization. We've got 3 levers for monetization. One is pricing for value. When Sasan shared that the accounting agent is saving people 12 to 14 hours a month, we know that people in North America value their time around $75 an hour. So that's $900 plus of value we're delivering. So we can take a cut of that, and that's great margin that goes to the bottom line. Secondly, our agents, our AI is serving up capabilities across our ecosystem at a time of need. So we're switching the conversation from being a sales pitch to helping address the customer need. As an example, our customer could have a payroll due”

Verify independently

SEC filings for INTU ↗ · Quote is verbatim from the 2026Q2 earnings call.