Intuit’s stock fell 63.6% over the past year amid fears of AI-driven competition in financial software, Bristol Gate Capital noted.
Intuit Inc. (NASDAQ:INTU) closed at $284.47 on July 22, 2026, reflecting an 11.53% one-month decline and a 63.59% drop over the past 52 weeks. The $77.81 billion company, a provider of financial management and compliance software, faces investor concerns over generative AI disrupting its market position.
Bristol Gate Capital Partners’ Q2 2026 investor letter cited Intuit as the largest detractor in its US Equity Strategy, which lagged the S&P 500 Total Return Index but outperformed in dividend growth. The firm emphasized AI’s shift from early adoption to broader enterprise use as a key market theme.
Despite the decline, Bristol Gate maintained its focus on high-dividend-growth companies with durable earnings, underscoring valuation discipline amid evolving software landscapes.