Intuit shares jumped 5% to $267.72 in the last trading session on higher-than-average volume. The company recently reported strong third-quarter fiscal 2026 results, with revenue rising 10% year over year, driven by higher adoption of QuickBooks Online, payments, payroll, and assisted tax offerings. Management also raised its full-year revenue and earnings guidance. The Global Business Solutions segment saw revenue increase 15% year over year, with QuickBooks Online accounting revenue climbing 22% and Online Ecosystem revenue growing 19%. Intuit is expanding its AI-driven expert platform and has formed strategic partnerships, including a multi-year agreement with Affirm and joining the Federal Reserve's FedNow Service.
Intuit IncIntuit reported strong earnings and raised guidance, driving the stock surge.
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Affirm Holdings IncIntuit's multi-year agreement with Affirm indicates increased demand for Affirm's services.