Recent Updates — INTU
Intuit Inc. announced a restructuring plan to reduce its full-time workforce by approximately 17%, which is expected to result in charges between $300 million and $340 million. The company also reported its fiscal quarter results and declared a cash dividend of $1.20 per share, payable on July 17, 2026.
Intuit Inc. announced that Marianna Tessel will step down as Executive Vice President and General Manager of the Small Business Group, effective May 31, 2026. Ashley Still, the current EVP and GM of the Mid-Market Group, will expand her responsibilities to lead both the Mid-Market and Small Business groups. Tessel will remain with the company in an advisory role until July 2, 2026.
Intuit Inc. announced that its founder and executive leadership team have terminated all outstanding pre-scheduled Rule 10b5-1 stock sales plans. The company also reiterated its intent to accelerate share repurchases using up to $3.5 billion in remaining authorization, noting that it repurchased $1.8 billion in shares during the first half of the fiscal year, a 40 percent increase compared to the prior year.
Intuit Inc. announced its financial results for the fiscal quarter ended January 31, 2026, and provided forward-looking guidance. Additionally, the company's Board approved a cash dividend of $1.20 per share, which will be paid on April 17, 2026, to shareholders of record as of April 9, 2026.
Intuit Inc. entered into a $5.8 billion unsecured short-term revolving credit facility with JPMorgan Chase Bank and other lenders, which is scheduled to mature on March 31, 2026. The facility is specifically intended to fund the company's early tax refund offering, enabling eligible customers to access federal tax refunds prior to IRS settlement.
Intuit Inc. held its Annual Meeting of Stockholders on January 22, 2026, where shareholders elected eleven directors and approved executive compensation on an advisory basis. Additionally, stockholders ratified Ernst & Young LLP as the independent auditor for the fiscal year ending July 31, 2026, but rejected a proposal requesting a report on the return on investment of the company's diversity and inclusion programs.