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Intuit Beats Third-Quarter Views as Credit Karma, QuickBooks Boost Revenue
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Intuit Beats Third-Quarter Views as Credit Karma, QuickBooks Boost Revenue
May 26, 2025 12:56 PM

04:40 PM EDT, 05/22/2025 (MT Newswires) -- Intuit (INTU) late Thursday reported fiscal third-quarter results that exceeded Wall Street's estimates, driven by revenue gains in personal finance portal Credit Karma and accounting software QuickBooks.

The financial technology platform's adjusted per-share earnings rose to $11.65 during the three months ended April 30 from $9.88 a year earlier, compared with the $10.93 consensus estimate on FactSet. Revenue increased 15% year-over-year to $7.75 billion, above the Street's $7.57 billion view.

Credit Karma's revenue climbed 31% to $579 million, buoyed by credit cards, personal loans and auto insurance.

The global business solutions group's revenue increased 19% to $2.8 billion, led by a 21% rise in QuickBooks online accounting sales that reflected customer growth and higher prices, Intuit said. The consumer group's sales rose 11% to $4 billion.

The parent of tax-preparation software TurboTax raised its fiscal 2025 guidance.

Full-year adjusted EPS is now seen growing 18% to 19% annually, reaching $20.07 to $20.12, compared with the prior outlook that called for 13% to 14% growth. Revenue is projected to rise 15%, totaling $18.72 billion to $18.76 billion, versus a 12% to 13% increase previously expected. The consensus estimate is for adjusted EPS of $19.40 and revenue of $18.37 billion.

For the fourth quarter ending July 31, Intuit projected adjusted EPS of $2.63 to $2.68 and revenue between $3.72 billion and $3.76 billion. Analysts polled by FactSet are looking for $2.61 and $3.54 billion, respectively.

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