Recap: Q4 FY26
The Reset Quarter: FY27 Guides Revenue to +9-10%, Folds SBC Into Non-GAAP, and Rebuilds the Customer Funnel While the EPS Machine Keeps Compounding — Maintaining Outperform
Recap: Q3 FY26
Q3 FY26 Recap: Workforce Reduction is Org-Flattening Not Demand-Softening; DIY Business Model Pivots to Value-Based for Sub-$50K Segment — Maintaining Outperform
Flashcap: Q3 FY26
Q3 FY26 Flashcap: Beat + FY26 Raise Overshadowed by 17% Workforce Reduction; Stock -11% AH on AI-Margin Pivot Optics
Recap: Q2 FY26
Q2 Revenue +17% Beats +14-15% Guide, Tax Season Tracking Strong (TurboTax +12% vs IRS -5pts), Anthropic Multi-Year Partnership Announced, IES Contracts Sustained +50% Sequential, AI Agents 3M+ Customers — Mailchimp Recovery Pushed Beyond FY26 — Maintaining Outperform
Recap: Q1 FY26
Q1 Revenue +18% Beats +14-15% Guide, OpenAI Partnership Disclosed (ChatGPT Integration, 800M Weekly Users, No Rev Share), IES Contracts +50% Sequentially, Credit Karma +15% Running Above +10-13% FY26 Guide, 2.8M Customers on AI Agents — Maintaining Outperform
Recap: Q4 FY25
Q4 +20% Beat, FY25 Closes at +16% Above Original Guide, FY26 Guide of +12-13% Below Whisper as Credit Karma Steps From +32% to +10-13%, AI Agent Platform Engaging "Couple of Million" Customers After July Launch — Maintaining Outperform
Recap: Q3 FY25
Beat-and-Raise Across Every Metric, Credit Karma Guide Reset to +28% From +5-8%, TurboTax Live +47%, AI Agent Platform Launching in Coming Weeks — Initiating at Outperform