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Intuit10-Q: Board change

Intuit's Board authorizes a new $8.0 billion stock repurchase program.

What happened

On May 7, 2026, the Board of Directors approved a significant increase in the stock repurchase program, adding $8.0 billion to the authorization. This action signals immense confidence in future cash flow but also represents a massive capital allocation that could otherwise be used for strategic initiatives, M&A, or internal investment.

Source

SEC EDGARMay 20, 2026

Quarterly report (Form 10-Q)

Intuit 10-Q

Filing excerpt

On May 7, 2026, our Board of Directors approved an increase in the authorization under the existing stock repurchase program to repurchase up to an additional $8.0 billion of our common stock.

sec.gov/Archives/edgar/data/896878/000089687826000025/intu-20260430.htmRead the full source

Other signals in this filing (6)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Board change

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
04/30
Filed
May 20, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$8B (New stock repurchase authorization)

Details

CIK
896878
Accession number
0000896878-26-000025
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Strategic direction shift
Signal category
Leadership

Extraction

Confidence
High
Relevance
80%
Sentiment
Positive
Detected
May 26, 2026
signal_type
sec-10q
signal_subtype
boardChange

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/ef90aa2e-28a1-4e01-a4bb-3459e9e42e2d returns this record as JSON. POST /v1/companies/enrich returns every signal for intuit.com.

{
  "signal_id": "ef90aa2e-28a1-4e01-a4bb-3459e9e42e2d",
  "signal_type": "sec-10q",
  "signal_subtype": "boardChange",
  "detected_at": "2026-05-26T10:04:42.432+00:00",
  "company": {
    "name": "Intuit",
    "domain": "intuit.com"
  },
  "data": {
    "detail": "On May 7, 2026, the Board of Directors approved a significant increase in the stock repurchase program, adding $8.0 billion to the authorization. This action signals immense confidence in future cash flow but also represents a massive capital allocation that could otherwise be used for strategic initiatives, M&A, or internal investment.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "New stock repurchase authorization",
      "dollar_millions": 8000
    },
    "summary": "Intuit's Board authorizes a new $8.0 billion stock repurchase program.",
    "excerpts": "On May 7, 2026, our Board of Directors approved an increase in the authorization under the existing stock repurchase program to repurchase up to an additional $8.0 billion of our common stock.",
    "relevance": 0.8,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/896878/000089687826000025/intu-20260430.htm",
    "filing_date": "2026-05-20",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "04/30",
    "sales_relevance": "Strategic direction shift",
    "signal_category": "leadership"
  }
}

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