QuickBooks Capital: ~$1.7B Funded Last Quarter, Repeats that AI is Not a Threat, But Rather an Advantage

Intuit’s QuickBooks’s capital originated about $1.7B in small business loans in Q3 FY 2026. That brings the total for the trailing nine month period ending April 30 to $4.3B. During the earnings call, Intuit CEO Sasan Goodarzi said “We are growing our line of credit offerings with buy now, pay later, directly embedded within QuickBooks, and the launch of Intuit business credit card.”

Like other software companies, analysts have been questioning the sustainability of their product offerings as AI looms large as a threat. Like the previous quarter, Goodarzi offered a rebuttal on this subject, expressing that they are effectively the AI solution customers would seek.

“It is important to recognize that businesses, while they use Google, they use LLMs to do searches, do queries, you cannot run your business with an LLM because you are managing your books, you are managing your money, you are managing your payroll, and accuracy and compliance of doing that matters,” Goodarzi said. “And running a business is mission critical. And so psyche of businesses is such that and accountants is that they need us to be their AI platform to provide expertise so they can run and grow their business.” Goodarzi cited Anthropic and OpenAI as partners they are already working with, for example.

Goodarzi also said that winning customers is not necessarily about the best software anyway, but rather about the confidence the assistance with the work instills in the customer. And given the integrations they have, the reputation they have, the AI power that they use, and ability to assist customers, this is where they are actually structurally advantaged.