Key Stats for Intuit Stock
- Today’s Price Change: 8%
- Current Share Price: $719
- 52-Week High: $719
- INTU Stock Price Target: $699
What Happened?
Intuit (INTU) stock gained approximately 8% after the financial technology company delivered better-than-expected third-quarter results (ended in April) and raised its full-year guidance.
Intuit, the company behind TurboTax, QuickBooks, and Credit Karma, reported adjusted earnings per share of $11.65, beating analyst estimates of $10.91. Revenue of $7.75 billion exceeded expectations of $7.56 billion and represented 15% year-over-year growth.
CEO Sasan Goodarzi highlighted the company’s momentum, stating, “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.”
In fiscal Q3, Intuit captured the peak tax season performance. CFO Sandeep Aujla noted, “We delivered a strong third quarter of fiscal 2025, driven by an outstanding tax season and continued momentum in our Global Business Solutions Group and Credit Karma.”
See Intuit’s full earnings results, analyst estimates, and earnings transcript (It’s free) >>>
What the Market Is Telling Us
The positive reaction to Intuit stock reflects investor confidence in its ability to execute across multiple business segments while successfully integrating artificial intelligence into its platform.
The rise in full-year revenue guidance from $18.16-$18.35 billion to $18.72-$18.76 billion demonstrates management’s optimism about sustained growth momentum. Analysts previously expected fiscal 2025 revenue to be $18.35 billion.
The performance across different business units was impressive, with Credit Karma leading growth at 31%, Global Business Solutions growing 19%, and the Consumer Group maintaining solid 11% growth despite a challenging comparison period.
The company’s TurboTax Live revenue is expected to grow 47% for the full fiscal year to $2.0 billion, representing approximately 40% of total Consumer Group revenue, showing successful penetration of the assisted tax preparation market.
Intuit’s focus on AI integration resonates with customers and investors alike. Its strategy of becoming a “one-stop shop of AI-agents and AI-enabled human experts” positions it well in an increasingly competitive fintech landscape.
With QuickBooks Online Accounting revenue growing 21%, driven by higher effective prices and customer growth, and Online Services revenue increasing 18% from money and payroll offerings, Intuit is demonstrating its ability to expand within existing customer relationships while attracting new users.
Its strong cash position of $6.2 billion, ongoing share repurchase program, and 16% dividend increase further underscore management’s confidence in the business trajectory and commitment to returning value to shareholders.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
