•
Apr 30
Intuit Q3 2025 Earnings Report
Intuit posted strong third-quarter results with double-digit revenue and earnings growth.
Key Takeaways
Intuit delivered robust Q3 FY25 results, driven by strength in its Consumer and Global Business Solutions segments, with Credit Karma rebounding significantly. The company raised full-year guidance across all major metrics.
Revenue grew 15% YoY to $7.754 billion, led by strong performance in TurboTax and Credit Karma.
GAAP EPS rose to $10.02, while non-GAAP EPS reached $11.65.
Net income hit $2.82 billion, up from $2.39 billion in Q3 FY24.
Intuit raised full-year guidance across revenue, operating income, and EPS.
Intuit
Intuit
Intuit Revenue by Segment
Forward Guidance
Intuit raised its full-year guidance, expecting stronger revenue, earnings, and segment growth than previously forecast.
Positive Outlook
- Revenue guidance raised to $18.723B–$18.760B, up ~15%.
- GAAP operating income projected to grow ~35% to $4.898B–$4.918B.
- Non-GAAP EPS raised to $20.07–$20.12.
- Credit Karma FY growth revised upward to 28%.
- Consumer Group FY growth raised to 10% from 7–8%.
Challenges Ahead
- TurboTax Online units expected to decline ~1%.
- TurboTax share of IRS returns to drop ~1 point.
- Ongoing reduction in pay-nothing filers may impact total user base.
- Slightly higher ARPR concentration may reduce lower-tier user acquisition.
- Guidance includes cautious macroeconomic and regulatory assumptions.