CLAIM #32873 · Intuit Inc (INTU) · 2026Q3 earnings call · May 20, 2026

“As a result, we expect to deliver 26% revenue growth across consumer money portfolio this year.”

Sasan Goodarzi · CEO

How to check this claim

Look at: Consumer money portfolio revenue growth, fiscal year

It came true if: Full-year revenue growth for consumer money portfolio >= 26%

Where: Company fiscal year-end earnings release / 10-K segment disclosure (Intuit Consumer Group commentary)

Knowable after: 2026-08-31

In context

“lion TAM, or 12% of our total TurboTax TAM. I am constructively dissatisfied with our performance. We face pressure among the most price sensitive DIY filers earning less than $50 thousand a year. We lost on price. To reaccelerate this part of our business, we will evolve our business model by delivering the right lineup and price points to meet simple filers' needs at the low end, and lean into the power of our broader consumer platform to monetize beyond tax. The flywheel effect we saw across our consumer platform this season gives us further confidence in our strategy. Average revenue per user is approximately 30% higher for customers using both TurboTax and Credit Karma compared to customers using only 1. And we are seeing over 35% of TurboTax customers adopt our fast money offerings. As a result, we expect to deliver 26% revenue growth across consumer money portfolio this year. We also saw the impact of improved end to end consumer experiences. Credit Karma members with simple tax situations could have up to 80% of their taxes done before even starting in TurboTax. This is helping drive a 54% increase in tax filers who start their filing experience in Credit Karma this year up 25 points. This progress underscores our ability to drive ARPU expansion by deepening engagement, delivering more value across the consumer platform and monetizing beyond tax. To summarize, in a $37 billion assisted TAM, we expect to grow TurboTax Live customers 38% and revenue 36%, representing over half of our TurboTax franchise. We have significant momentum and confidence in our trajectory. Our plan is clear. First, build on our momentum with TurboTax Live where we have the largest TAM”

Verify independently

SEC filings for INTU ↗ · Quote is verbatim from the 2026Q3 earnings call.