Intuit Q3 Earnings Surpass Estimates, Revenues Increase Y/Y

Intuit INTU reported fiscal third-quarter 2025 non-GAAP earnings of $11.65 per share, which beat the Zacks Consensus Estimate by 6.98%. The bottom line jumped 18% from the year-ago quarter.

Revenues of $7.75 billion beat the consensus mark by 2.78% and increased 15.1% year over year.

Quarter Details of INTU

Global Business Solutions Group revenues (36.7% of total revenues) grew 19.4% year over year to $2.85 billion.

Within the segment, total Online Ecosystem revenues climbed 18% year over year to $2.1 billion. 

QuickBooks Online Accounting revenues were up 21% year over year to $1.04 billion, driven by higher effective prices, customer growth, and mix-shift.

Online Services revenues, which include payroll, payments, time tracking and capital, jumped 18% year over year to $1.05 billion, driven by growth in money and payroll offerings.

Total international online revenues increased 8% year over year on a constant-currency basis.

Revenues from Consumer Group (52.2% of total revenues) increased 10.8% to $4.05 billion. 

Further, ProTax Group's professional tax revenues (3.6% of total revenues) rose 9.4% year over year to $278 million.

The Credit Karma business contributed $579 million to Intuit’s fiscal third-quarter total revenues, which increased 30.7% year over year, driven by strength in credit cards, personal loans, and auto insurance.

INTU’s non-GAAP operating income climbed 17% to $4.34 billion. Non-GAAP operating margin increased 90 basis points to 56%.

Intuit’s Balance Sheet and Cash Flow

As of April 30, 2025, Intuit’s cash and investments were $6.2 billion compared with $2.5 billion as of Jan. 31, 2025. The company exited the fiscal third quarter with a long-term debt of $5.9 billion.

Intuit repurchased $754 million of stock during the fiscal third quarter. 

INTU announced that its board approved a quarterly dividend of $1.04 per share to be paid on July 18, 2025. The newly approved dividend represents a year-over-year increase of 16%.

Outlook

For the fiscal fourth quarter of 2025, INTU expects revenues to grow between 17% and 18% on a year-over-year basis. Revenues are expected to be in the range of $3.72-$3.76 billion. Non-GAAP earnings for the quarter are estimated in the range of $2.63-$2.68 per share.

Intuit projects fiscal 2025 revenues in the band of $18.72-$18.76 billion, indicating approximately 15% growth.

Further in its business segments, the Global Business Solutions segment revenues are expected to grow 16% on a year-over-year basis. Consumer Group revenues are expected to grow approximately by 10%. Credit Karma revenues are expected to grow 28%. ProTax revenues are forecasted to grow 3-4%.

The company anticipates non-GAAP operating income between $7.54 billion and $7.56 billion.

Intuit expects fiscal 2025 non-GAAP earnings per share between $20.07 and $20.12.

Zacks Rank & Key Picks

Intuit carries a Zacks Rank #3 (Hold) at present. Shares of INTU have gained 14.8% in the year-to-date period.

Amphenol APH, Juniper Networks JNPR and Upwork UPWK are some better-ranked stocks that investors can consider in the broader Zacks Computer & Technology sector. APH, JNPR and UPWK sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

APH shares have gained 22.7% in the year-to-date (YTD) period. The Zacks Consensus Estimate for APH’s full-year 2025 earnings is pegged at $2.62 per share, up by 4 cents over the past seven days, suggesting a growth of 38.6% from the year-ago quarter’s reported figure.

JNPR shares have lost 4.5% YTD. The Zacks Consensus Estimate for JNPR’s full-year fiscal 2025 earnings has been revised upward to $2.09 in the past 30 days, suggesting year-over-year growth of 21.5%.

UPWK shares have declined 2.9% YTD. The Zacks Consensus Estimate for UPWK’s full-year 2025 earnings is pegged at $1.14 per share, implying a rise of 9.62% from the year-ago quarter’s levels.

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This article originally published on Zacks Investment Research (zacks.com).

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