INTU — what changed in the latest 10-Q
A section-by-section comparison of INTU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-20 vs the prior 10-Q · 2026-02-26
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −28 | ~51 | 64 |
| Market risk (Item 3) | Text added/removed | +2 | −3 | ~1 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 144 |
| Other information | Text added/removed | +5 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-20
In May 2026, our management approved and initiated a plan (the 2026 Plan) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the 2026 Plan, we will reduce our full-time workforce and are considering the closure of certain sites in service to growin…
management agents, transforming how our small and mid-market business customers manage their finances by automating a variety of day-to-day tasks, and increasing productivity.
As we offer more online services, the ongoing operation and availability of our platforms and systems and those of our external service providers is becoming increasingly important. Because we help customers manage their financial lives, we face risks associated with the hosting, collection, use, an…
significant management attention and resources in our information technology infrastructure and in our privacy and security capabilities, and we expect to continue to do so in the future.
up 14% from the same period of fiscal 2025up 17% from the same period of fiscal 2025up 10% from the same period of fiscal 2025
Text removed vs the prior filing · source: 10-Q · 2026-02-26
in technical and leadership roles who are critical to our strategic growth, in a highly competitive talent environment.
As we offer more online services, the ongoing operation and availability of our platforms and systems and those of our external service providers is becoming increasingly important. Because we help customers manage their financial lives, we face risks associated with the hosting, collection, use, an…
up 18% from the same period of fiscal 2025up 18% from the same period of fiscal 2025up 17% from the same period of fiscal 2025
Total net revenue for the second quarter of fiscal 2026 increased $688 million, or 17%, compared with the same quarter of fiscal 2025. Our Global Business Solutions segment revenue increased 18% during the quarter due to growth in our Online Ecosystem revenue. Consumer segment revenue increased 15% …
Net income for the first six months of fiscal 2026 increased $471 million, or 71%, compared with the same period of fiscal 2025. The increase in net income was due to the increase in operating income described above and an increase in interest and other income, partially offset by an increase in inc…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-20
On January 9, 2026, we terminated our amended and restated credit agreement dated February 5, 2024, and entered into a credit agreement with certain lenders providing for a $2.2 billion unsecured revolving credit facility that expires on January 9, 2031 (2026 Credit Facility). We are exposed to the …
election, either (i) the alternate base rate plus a margin that ranges from 0.000% to 0.125%, or (ii) the term Secured Overnight Financing Rate (SOFR) plus a margin that ranges from 0.700% to 1.125%, or (b) in the case of foreign currency borrowings, the interest benchmark for the relevant currency …
Text removed vs the prior filing · source: 10-Q · 2026-02-26
On January 9, 2026, we terminated our amended and restated credit agreement dated February 5, 2024, and entered into a credit agreement with certain lenders providing for a $2.2 billion unsecured revolving credit facility that expires on January 9, 2031 (2026 Credit Facility). We are exposed to the …
On January 30, 2026, we entered into a credit agreement with certain lenders providing for a $5.8 billion unsecured short-term revolving credit facility that matures on March 31, 2026 (2026 Short-Term Credit Facility) to fund a portion of our TurboTax early tax refund offering. We are exposed to the…
See Note 6 to the condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-20
During the three months ended April 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K), except for the following tr…
On March 12, 2026, Sandeep S. Aujla, Executive Vice President and Chief Financial Officer, terminated a plan that was adopted on September 26, 2025 for the sale of up to 12,940 shares of the Company’s common stock between January 5, 2026 and October 9, 2026, subject to certain conditions.
On March 12, 2026, Anton Hanebrink, Executive Vice President, Chief Corporate Strategy & Development Officer, terminated a plan that was adopted on October 10, 2025 for the sale of up to 15,000 shares of the Company’s common stock between January 9, 2026 and October 9, 2026, subject to certain condi…
On March 12, 2026, Kerry J. McLean, Executive Vice President, General Counsel and Corporate Secretary, terminated a plan that was adopted on October 3, 2025 for the sale of up to 25,077 shares of the Company’s common stock between January 2, 2026 and October 9, 2026, subject to certain conditions.
On March 14, 2026, Scott D. Cook, Board Member and Founder, terminated a plan that was adopted on September 3, 2025 for the sale of up to 1,843,868 shares of the Company’s common stock between December 3, 2025 and October 9, 2026, subject to certain conditions.
Text removed vs the prior filing · source: 10-Q · 2026-02-26
During the three months ended January 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K), except for the following …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice