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Good day. Intuit’s momentum is being fueled by a strong strategy, big investments in AI, and now a new partnership with OpenAI.
The financial technology company, maker of TurboTax, Credit Karma and QuickBooks, announced this week a new multi-year contract, worth more than $100 million, with OpenAI. The partnership brings Intuit’s platform capabilities directly to ChatGPT. “Hundreds of millions of people interact with great language models every week,” Sandeep Aujla, executive vice president and chief financial officer at Intuit (No. 258 on the Fortune 500), told me. The collaboration allows Intuit to reach customers where they are, Aujla said. By creating experiences within the OpenAI platform, Intuit aims to help people receive deeper, personalized and actionable financial advice, right at the time and context in which they need it.
Take TurboTax for example. Through the new integration, customers can ask ChatGPT tax-related questions, such as how to access their refund early to cover a major expense. They will receive answers tailored to their financial situation. “With the depth of our data, we can connect users with the right solutions, whether it’s applying early or accessing personalized loan options through Credit Karma,” Aujla explained.
This deeply personalized approach is not only about serving existing customers but also attracting new ones to the Intuit platform. “We have 100 million customers on our platform; OpenAI has around 800 million weekly active users,” Aujla said. “Our teams are working together, thinking about what these experiences could be like.”
In a very tangible way, it is also about boosting people’s prosperity, Aujla said. “We can provide them with authentic, tangible advice based on their unique situation.”
Data privacy and trust remain fundamental pillars of the strategy, he emphasized. “It is the customer’s data and it remains on our platform,” he added. “Our management standards have not changed in the slightest.”
When it comes to measuring the success of the OpenAI partnership, Intuit’s approach is consistent: engagement, deeper relationships, and new customer growth remain key metrics. “This is simply a new door to the Intuit platform,” Aujla said.
A long-standing bet on AI continues to shape Intuit’s future
Intuit reported its first-quarter 2026 earnings on Thursday, with income that reaches $3.9 billion, up 18% year over year and exceeding analyst expectations. It’s about executing a coherent strategy, Aujla said. Platform adoption, especially for AI-powered, done-for-you experiences like TurboTax Live Assisted, continues to resonate, with TurboTax Assisted revenue up 51%. Intuit’s “money offerings” are also thriving, including bill pay, and mid-market sales are strong, with related revenue up 40%.
Aujla cites “the first green shoots” in Mailchimp’s mid-market expansion, driven by new product launches, an expanded sales force, and a renewed marketing push. The company is targeting double-digit growth by the end of the year, and optimism is heading into spring, he said.
Reflecting on how Intuit has navigated a year of economic uncertainty, Aujla credits the company’s “culture of focusing on what matters most” and a strategy that is both rigorous and forward-thinking. The company’s operating system pushes leaders to discuss what drives customer prosperity, not just over the next three years, but over the next decade.
“We declared AI to be the key to our strategy in 2018, long before other people started talking about AI and it became fashionable,” Aujla said. This long-term vision helps Intuit remain indispensable, regardless of the external climate, he said. “It’s not a nice-to-have. We’re a must-have for both businesses and consumers,” Aujla said.
Looking to 2026, Aujla’s top priority is to help 100 million customers “make the best financial decisions based on their unique positions.” Despite conflicting narratives in the broader economy, Intuit’s data suggests stability, and the company remains focused on delivering value and establishing customers for the best year possible, he said.
Have a good weekend.
sherylEstrada
sheryl.estrada@fortune.com
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Fortune 500 Power Moves
—Mark Mason He will step down as CFO at Citigroup (No. 21) in March 2026. Mason will become executive vice president and senior executive advisor to President and CEO Jane Fraser, with responsibility for advising on strategic initiatives, including the company’s preparation for Investor Day. Mason joined Citi in 2001 and became CFO in 2019. He intends to pursue his leadership aspirations outside of Citi by the end of 2026. Gonzalo Luchetti He will succeed Mason as CFO after the transition period. Luchetti has served as Citi’s head of US personal banking since 2021 and joined the company in 2006.
—Zac Coughlin was named CFO of Sirius XM Holdings Inc. (No. 448), effective Jan. 1, 2026. Coughlin will succeed Tom Barry, who will step down as CFO. Coughlin currently serves as Chief Financial Officer of PVH Corp. He joined the company from DFS Group Limited, a subsidiary of LVMH Moët Hennessy Louis Vuitton Group, where he served as Chief Financial Officer and Group Chief Operating Officer. Prior to joining DFS, Coughlin was CFO of Converse, Inc., a division of Nike, Inc. He began his career at Ford Motor Company, where he held multiple global financial leadership positions.
Every Friday morning, the weekly Fortune 500 Power Moves column tracks the shifts of senior management at Fortune 500 companies:see the most recent edition.
Most notable moves this week:
Cor van den Berg was appointed CFO of Sunsweet Growers Inc.world leader in dried fruit and beverage categories. He joins Sunsweet with more than 25 years of financial leadership experience. Most recently, van den Berg served as CFO at Darigold (Cooperative). Prior to that, he held the position of CFO and other key finance and strategy positions at Mars, Inc. and City of Hope.
Nancy Erba was appointed CFO of Energy integrations (Nasdaq: POWI), a semiconductor company, effective January 5, 2026. Erba most recently served as chief financial officer at Infinera Corporation, a provider of optical networking solutions, from 2019 until Nokia’s acquisition of the company earlier this year. Prior to that, she was CFO of Immersion Corporation. Previously, Erba held a succession of increasingly senior leadership positions at Seagate Technology.
Ravi ThanawalaCFO and EVP, International in Papa John’s International, Inc. (Nasdaq: PZZA), has been promoted to chief financial officer and president, North America, effective immediately. The company’s international business will now be led by Chris Lyn-Sue. Thanawala joined Papa John’s as chief financial officer in 2023 and was promoted to chief financial officer and executive vice president of international in 2024. He also served as the company’s interim chief executive officer from March to August 2024.
Scott Lipman was promoted to CFO of Avenzo Therapeutics, Inc.a clinical-stage biotechnology company. He will continue to serve as commercial director of the company. Lipman succeeds Paolo Tombesi, who retired from his role as CFO. Lipman joined Avenzo in March 2023 as senior vice president of corporate development and was promoted to chief commercial officer in November 2024. Previously, he was part of the leadership team at Turning Point Therapeutics, where he played a key role in its acquisition by Bristol Myers Squibb.
jeremy evans was promoted to executive vice president and chief financial officer of Helios Technologies, Inc. (NYSE: HLIO), a provider of electronic and motion controls technology. Evans succeeds Michael Connaway, who left the company after joining Helios on October 13, 2025. The company stated that Connaway’s departure is not related to any disagreement. Evans joined Helios on January 24, 2024 and was promoted to Chief Accounting Officer on September 1, 2025. Prior to joining Helios, he accumulated 25 years of leadership experience at Tech Data, now TD SYNNEX Corporation.
Bryan Kyle was appointed CFO of congaa revenue lifecycle management platform provider. Kyle brings more than 25 years of financial leadership experience at both privately held and publicly traded technology companies. In addition to executing corporate finance strategies at Conga, he will oversee the financial integration of the planned acquisition of PROS B2B.
what a thing
Deloitte”2026 M&A Trends Survey: A Tale of Two Markets” offers a preview ahead of the full report. As 2025 draws to a close, the survey highlights a clear divide in the M&A landscape: Deal activity is being driven by fewer but larger transactions. Deal value in the third quarter hit $598 billion, the highest in nearly four years, while overall deal volume remained relatively stable.
The findings are based on preliminary analysis of more than 1,500 corporate and private equity (PE) dealmakers.
Optimism seems to be returning. A key finding is that many dealmakers predict an increase in both the volume and value of transactions. Ninety percent of PE respondents and 80% of corporate respondents expect their organizations to close more deals in 2026. Similarly, when asked about the anticipated value added of deals over the next year, 87% of PE respondents and 81% of corporate respondents also expect increases.
Going deeper
Here are four Fortune weekend reads:
“Are doctors at risk from AI automation? ‘Those who don’t use it will be replaced by those who do use it'” by Angelica Ang
heard
“The evidence is clear: the main opportunity that AI provides is not to replace people, but to reallocate their focus.”
—Frank Nagle, research scientist at the MIT Digital Economy Initiative and chief economist at the Linux Foundation, writes in a Fortune opinion article. “Young employees tend to be innovative and technically savvy, and in tune with a new generation of customers,” Nagle writes. “More importantly, they become the managers and leaders of tomorrow. Cutting them off not only silences crucial perspectives but also creates a long-term deficit in institutional knowledge.”
