Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc. regarding potential securities fraud or unlawful business practices. The investigation follows Intuit's May 20, 2026 fiscal Q3 2026 financial results, where the company disclosed it did not have the expected tax season and faced pressure among price-sensitive do-it-yourself filers, losing on price. Intuit also announced TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, marking the most significant industry-wide contraction since the post-COVID tax season. On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.
Intuit IncIntuit disclosed weaker-than-expected tax season results with TurboTax online paying units growing only 2% and losing price-sensitive DIY filers.