Intuit (INTU) delivered another solid quarter with Q4 and 2025 revenue up 20% and 16%, respectively, alongside solid margin expansion, RBC said in a Friday research note.
The software company reported better than expected fiscal Q4, and provided fiscal 2026 guidance of $22.98 to $23.18 earnings per share and $21 billion to $21.19 billion in sales with analysts expecting $23.02 EPS on revenue of $21.10 billion.
Noting the results, RBC said Intuit Enterprise Suite and QuickBooks Advanced posted 40% growth, with FY25 customer growth of 23% in mid-market.
RBC added Intuit's virtual team of Al agents embedded across workflows is seeing early traction with millions of customers engaging and repeated usage above expectations. While monetization potential is significant, FY26 guidance is conservative on this.
RBC maintained its rating on Intuit as outperform with a $850 price target.
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