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Intuit Tops Fourth-Quarter Views Amid Credit Karma, QuickBooks Strength
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Intuit Tops Fourth-Quarter Views Amid Credit Karma, QuickBooks Strength
Aug 21, 2025 2:21 PM

04:47 PM EDT, 08/21/2025 (MT Newswires) -- Intuit (INTU) late Thursday reported stronger-than-expected fiscal fourth-quarter results amid revenue gains in personal finance portal Credit Karma and accounting software QuickBooks.

The financial technology platform's adjusted per-share earnings rose to $2.75 during the three months ended July 31 from $1.99 a year earlier, compared with the $2.66 consensus estimate on FactSet. Revenue increased 20% year-over-year to $3.83 billion, above the Street's $3.74 billion view.

Credit Karma's revenue climbed 34% to $649 million, buoyed by personal loans, credit cards and auto insurance.

The global business solutions group's revenue increased 18% to $3 billion, led by a 23% rise in QuickBooks online accounting sales that reflected pricing and customer gains, Intuit said. The consumer group's sales rose 21% to $137 million.

The parent of tax-preparation software TurboTax expects fiscal 2026 adjusted EPS to grow 14% to 15% annually, reaching $22.98 to $23.18. Revenue is projected to rise 12% to 13%, totaling $21 billion to $21.19 billion. The consensus estimate is for adjusted EPS of $23.02 and revenue of $21.1 billion.

For the quarter ending Oct. 31, Intuit projected adjusted EPS of $3.05 to $3.12 and revenue growth of 14% to 15%. Analysts polled by FactSet are looking for $3.07 and $3.8 billion, respectively.

Intuit said that it combined the consumer, Credit Karma and ProTax units into a single consumer business on Aug. 1.

Shares were down 4.9% in after-hours trading.

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