INTU

EX-99.02

3 fy26q3-ex9902.htm

EX-99.02

Document

Exhibit 99.02

To: All Employees

Subject: Architecting Intuit for a new chapter of growth

Date: May 20, 2026

Hi team,

We are in extraordinary times and at a pivotal inflection point to shape the future for our customers. Intuit is an iconic company in a category of one with strong market leadership and multiple diversified growth engines serving consumers, businesses, and accountants. We are well positioned to power the prosperity of our customers and create a bright future, but to do so, we must evolve as a company.

We have significant momentum across our 3 Big Bets and to fully capitalize on this extraordinary opportunity, we need to move with far greater velocity, urgency, and discipline. We must:

1.Scale our AI-native platform to deliver easy, done-for-you experiences. We have already built the foundation; now, we must accelerate delivering undisputed customer benefits with an unmatched combination of data, AI, and human expertise.

2.Be the center of money for consumers and businesses. We will ensure our platform is their primary financial engine, creating a unified ecosystem so our customers can access, manage, and grow their money with confidence.

3.Accelerate our authority and right to win in the mid-market. We must scale our impact with far greater velocity, becoming the definitive partner for mid-market businesses and accounting firms, and delivering the industry-specific platform they need to manage complexity and scale at the speed of their ambition.

Shaping the company for the future Over the past several months, we have spent significant time evaluating how we focus the company with greater velocity and discipline to achieve what I outlined above. We believe we can serve more customers and deliver breakthrough products that fuel our customers’ success by reducing complexity and simplifying our structure to become a faster, leaner, and more focused company.

This required us to make a set of difficult decisions that impact our people. Today, we are reducing our full-time workforce by approximately 17%. These are valued colleagues and friends who have been vital to shaping the company we are today. Saying goodbye is never easy, and I want to acknowledge the weight this news carries for all of us.

Here are the changes we’re making today and why we’re making them:

•Reducing layers of management. We have identified areas where too many organizational layers have slowed the flow of information and hampered our ability to move with speed. By streamlining our leadership structure, we are empowering our

Exhibit 99.02

teams who are closer to the customer to make decisions, ensuring we operate as a more agile and accountable organization.

•Focusing roles on high impact work. As we simplify our structure, we are reducing the need for coordination heavy roles that were previously required to manage the complexity. This allows us to focus our collective energy on mission-critical work that directly impacts our customers' prosperity.

•Bringing our teams closer together to accelerate impact. To accelerate the pace of innovation, we are co-locating our teams within strategic hubs to drive deeper collaboration and impact. This includes winding down our Reno and Woodland Hills offices and reducing our presence in other locations.

•Reducing overlap across TurboTax and Credit Karma. With the integration of TurboTax and Credit Karma now largely complete, we are eliminating overlapping and redundant roles to operate as a single, unified team and platform.

•Reallocating resources to our primary growth engines. We are optimizing our business and reducing investments in certain areas, including Mailchimp, and streamlining parts of our engineering and product organizations to better align resources with our 3 Big Bets.

These changes are a necessary evolution to reduce complexity and architect an organization that operates with the velocity required to fuel our growth engines. We are fundamentally re-engineering our operating model to increase accountability, accelerate decision making, and ensure our execution is as bold as our strategy.

Taking care of our people I understand this news is difficult and that you will want to know what this means for you. People who are being impacted will receive a calendar invite by 9:00 AM PT today titled "Discussion about leaving Intuit" to hear from a leader in their organization about their transition.

I also want to be clear: these decisions are a reflection of our changing structure, not the individuals in these roles. We are parting with talented, dedicated colleagues who have made significant contributions to Intuit and the customers we serve.

Our commitment to treating every individual with dignity and respect is a fundamental part of who we are, and it has never been more important than it is right now. To help everyone leaving, we are providing generous support, including:

•Financial: Employees will receive

intu-202602260000896878false00008968782026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 26, 2026

INTUIT INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 000-21180 77-0034661 (State or other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

2700 Coast Avenue, Mountain View, CA 94043 (Address of principal executive offices, including zip code) (650) 944-6000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Exchange on Which Registered Common Stock, $0.01 par valueINTUNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On February 26, 2026, Intuit Inc. (the "Company") announced its financial results for the fiscal quarter ended January 31, 2026 and provided forward-looking guidance. A copy of the press release is attached to this Report as Exhibit 99.01. The information in this Item 2.02 and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.

ITEM 8.01 OTHER EVENTS.

On February 26, 2026, the Company also announced that the Board approved a cash dividend of $1.20 per share. The cash dividend will be paid on April 17, 2026 to shareholders of record as of the close of business on April 9, 2026. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of the Board. A copy of the press release announcing the cash dividend is furnished as Exhibit 99.01 to this Report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

99.01  Press release issued on February 26, 2026 reporting financial results for the quarter ended January 31, 2026 and announcing the cash dividend.*

104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

*This exhibit is intended to be furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:February 26, 2026 INTUIT INC.

By: /s/ Sandeep S. Aujla Sandeep S. Aujla Executive Vice President and Chief Financial Officer

intu-202511200000896878false00008968782025-11-202025-11-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 20, 2025

INTUIT INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware 000-21180 77-0034661 (State or other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

2700 Coast Avenue, Mountain View, CA 94043 (Address of principal executive offices, including zip code) (650) 944-6000 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Exchange on Which Registered Common Stock, $0.01 par valueINTUNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On November 20, 2025, Intuit Inc. (the "Company") announced its financial results for the fiscal quarter ended October 31, 2025 and provided forward-looking guidance. A copy of the press release is attached to this Report as Exhibit 99.01. The information in this Item 2.02 and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing. ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On November 18, 2025, the Board of Directors (the “Board”) of the Company appointed each of Adena Friedman and Bill McDermott as a director of the Company, effective August 1, 2026. The appointments of Ms. Friedman and Mr. McDermott will be effective August 1, 2026 to accommodate their pre-existing professional obligations. Each of Ms. Friedman and Mr. McDermott will receive compensation for services as a non-employee director of the Company consistent with the compensation generally provided to other non-employee directors of the Company. Under the current compensation program for non-employee directors, this compensation includes a grant of restricted stock units with a grant date fair value of approximately $116,667 on August 3, 2026. The compensation of the Company’s non-employee directors is determined by the Board and disclosed in the Company's 2024 proxy statement, which was filed with the Securities and Exchange Commission on November 27, 2024. With respect to each of Ms. Friedman and Mr. McDermott, there are no arrangements or understandings between the new director and any other person pursuant to which they were selected as a director, and there are no transactions involving the Company and the new director that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

ITEM 8.01 OTHER EVENTS.

On November 20, 2025, the Company also announced that the Board approved a cash dividend of $1.20 per share. The cash dividend will be paid on January 16, 2026 to shareholders of record as of the close of business on January 9, 2026. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of the Board. A copy of the press release announcing the cash dividend is furnished as Exhibit 99.01 to this Report.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

99.01  Press release issued on November 20, 2025 reporting financial results for the quarter ended October 31, 2025 and announcing the cash dividend.*

104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

*This exhibit is intended to be furnish