- Intuit reports third-quarter revenue of $7.75 billion, beating analyst estimates of $7.56 billion.
- Intuit reports third-quarter adjusted earnings of $11.65 per share, beating analyst estimates of $10.91 per share.
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Intuit Inc INTU reported financial results for the third quarter of fiscal 2025 after the market close on Thursday. Here’s a rundown of the report.
Q3 Earnings: Intuit reported third-quarter revenue of $7.75 billion, beating analyst estimates of $7.56 billion, according to Benzinga Pro. The QuickBooks and TurboTax parent company reported third-quarter adjusted earnings of $11.65 per share, beating analyst estimates of $10.91 per share.
Total revenue was up 15% year-over-year. Here’s a breakdown of revenue by segment:
- Consumer Group revenue: $4 billion, up 11%
- Global Business Solutions revenue: $2.8 billion, up 19%
- Credit Karma revenue: $579 million, up 31%
- ProTax Group revenue: $278 million, up 9%
- Online Ecosystem revenue: up 20%
Intuit repurchased $754 million of its stock in the quarter and had $2.8 billion remaining on its buyback at quarter’s end. The company said its board approved a quarterly dividend of $1.04 per share, payable on July 18.
Intuit ended the quarter with $6.2 billion in total cash and investments and $6.4 billion of debt.
“We have exceptional momentum with outstanding performance across our platform. We’re redefining what’s possible with AI by becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses,” said Sasan Goodarzi, CEO of Intuit.
Guidance: Intuit expects fourth-quarter revenue of $3.72 billion to $3.76 billion versus estimates of $3.76 billion. The company sees third-quarter adjusted earnings in the range of $2.63 to $2.68 per share versus estimates of $2.59 per share.
Intuit also raised its full-year guidance. The company expects full-year 2025 revenue of $18.72 billion to $18.76 billion, up from prior guidance of $18.16 billion and $18.35 billion. The company anticipates full-year earnings of $20.07 to $20.12 per share, up from prior guidance of $19.16 to $19.36, Analysts are currently looking for full-year revenue of $18.35 billion and full-year adjusted earnings of $19.34 per share, per Benzinga Pro.
Intuit’s management team will further discuss the quarter on a call with investors and analysts at 4:30 p.m. ET.
INTU Price Action: Intuit shares were up 8.25% in after-hours, trading at $721 at the time of publication on Thursday, according to Benzinga Pro.
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