Intuit released Q4 FY26 (May-July) results last night (August 25); shares fell by as much as ~12% in post-market trading, but finished today down only 3.2%; the share price is still 38.9% lower than a year ago:
Intuit Share Price (Last 5 Years)
Source: Google Finance (26-Aug-26).
Intuit has been a mid-sized position in our “Select 15” model portfolio since mid-February, and currently show an unrealised loss of 12.9%. (However, shares have risen 13.0% since our last article in May.) Intuit is also one of our larger positions in real life. We bought more shares yesterday after the results, but sold these at a profit today.
Management has lowered growth expectations for both FY27 and the medium term, blaming Intuit’s struggles in acquiring entry-level customers, Both are surprises that deviate from our original investment case. However, the ~18x trailing P/E is attractive even on lower growth numbers, and we believe Intuit will ultimately overcome its challenges. With shares at $345.88, our forecasts show investors can more than double their money by the end of July 2029.
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