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Intuit has reported strong third-quarter results for fiscal year 2025, exceeding analyst expectations, and subsequently raised its full-year guidance.
Third-Quarter Fiscal 2025 Highlights (ended April 30, 2025):
* Revenue: $7.75 billion, up 15% year-over-year, surpassing consensus estimates.
* Non-GAAP Diluted Earnings Per Share (EPS): $11.65, an 18% increase from the prior year, also beating analyst predictions.
* Non-GAAP Operating Income: $4.34 billion, up 17%.
* Key Segment Performance:
* Consumer Group revenue: $4.0 billion, grew 11%, driven by a 24% increase in TurboTax Live customers and 47% growth in TurboTax Live revenue.
* Global Business Solutions Group revenue: increased 19.4% to $2.85 billion, with Online Services revenues up 18%.
* Credit Karma revenue: contributed $579 million, a 30.7% increase, fueled by strength in credit cards, personal loans, and auto insurance.
* ProTax Group revenue: rose 9.4% to $278 million.
Raised Full-Year Fiscal 2025 Guidance:
Intuit has significantly increased its outlook for the full fiscal year 2025, now expecting:
* Total Revenue: between $18.723 billion and $18.760 billion, representing approximately 15% growth (up from previous guidance of 12% to 13% growth).
* Non-GAAP Operating Income: $7.543 billion to $7.563 billion, an approximate 18% growth (up from 13% to 14% previously).
* Non-GAAP Diluted Earnings Per Share: $20.07 to $20.12, reflecting an approximate 18% to 19% growth (up from 13% to 14% previously).
The company’s strong performance was attributed to robust growth across its platform, particularly in TurboTax Live and Credit Karma, and its strategic focus on becoming an AI-driven expert platform. This positive financial update led to a notable surge in Intuit’s stock price in after-hours trading.

Video courtesy of First Bank of Nigeria

Video courtesy of First Bank of Nigeria