Intuit Inc. announced an acceleration of its stock repurchase program and a halt to executive pre-scheduled stock sales as the company navigates current market volatility.
The financial software firm said it intends to use up to $3.5 billion that remained available under its existing buyback authorization at the close of the second quarter of fiscal 2026, which ended January 31. Executing the remaining authorization under prevailing conditions would roughly double the pace of repurchases seen in the first half of the fiscal year and would nearly double total buybacks for the full year compared with the prior fiscal year.
In the first half of fiscal 2026, Intuit repurchased $1.8 billion of its shares, an increase of 40% relative to the same period a year earlier. The company disclosed details of the expanded repurchase activity in its Form 10-Q filed on February 26.
At the same time, Intuit said the company’s founder and members of its executive leadership team have terminated all outstanding pre-scheduled stock sale plans established under Rule 10b5-1. Management indicated the decision was driven by their view that the current market price of the stock is meaningfully misaligned with the company’s fundamental value.
Company management also said repurchases under the remaining authorization, combined with expected dividends, would amount to a substantial increase in capital returned to shareholders in fiscal 2026.
"In our category, consumers and businesses make high-stakes financial decisions where accuracy, compliance, security, and trust are critical and the liability of getting it wrong is high. That’s why customers demand human expertise - customers buy confidence, not code, hence spend at least seven times more on accounting & tax human experts than software. Our AI-driven expert platform combines the power of technology and AI-powered human experts all in one place to deliver done-for-you experiences and complete confidence," said Sasan Goodarzi, chairman and chief executive officer of Intuit.
Goodarzi added, "With the combination of data, AI, and human intelligence, we are expanding our addressable market beyond the software category and becoming the AI-fueled human interface that customers demand to have complete confidence, all while scaling ARPC and expanding margin, resulting in accelerated growth."
The announced actions represent a notable shift in capital allocation and insider selling behavior for the company. By accelerating buybacks and stopping pre-planned sales by senior management, Intuit is prioritizing share repurchases and signaling the leadership's view on valuation.
Investors and market participants will watch how the company executes the remaining authorization and how these measures affect overall capital returned to shareholders in fiscal 2026.
Bottom line: Intuit is moving decisively to increase capital returned to shareholders through repurchases funded by up to $3.5 billion of remaining authorization, while executives have ended scheduled stock sale plans, citing a disconnect between market price and fundamental value.