Intuit tops $20B revenue but trims outlook to rebuild customer growth
Intuit reported fiscal fourth-quarter revenue of $4.354 billion, beating estimates, and crossed $20 billion in annual revenue for the first time. However, shares fell after the company issued fiscal 2027 guidance below Wall Street expectations, citing a deliberate slowdown in revenue per customer to accelerate acquisition. The CFO described the move as a reset to reaccelerate growth, focusing on rebuilding customer-acquisition capabilities.
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Original headline: “Intuit hits a record milestone of $20 billion in revenue—and sets the stage for a strategic pullback.” Browse more stories.