Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Intuit reported revenue of $7.75 billion for the quarter ended April 2025, reflecting a 15.1% increase year-over-year and a surprise of +2.78% over the Zacks Consensus Estimate of $7.54 billion [1] - Earnings per share (EPS) reached $11.65, up from $9.88 in the same quarter last year, surpassing the consensus EPS estimate of $10.89 by +6.98% [1] Revenue Breakdown - Consumer net revenue was $4.05 billion, exceeding the average estimate of $3.97 billion, marking a +10.8% year-over-year change [4] - Global Business Solutions net revenue was $2.85 billion, slightly below the estimated $2.86 billion, but showed a +19.4% increase compared to the previous year [4] - Credit Karma generated $579 million in net revenue, significantly above the $430.66 million estimate, representing a +30.7% year-over-year growth [4] - ProTax net revenue was $278 million, surpassing the $273.84 million estimate, with a +9.5% year-over-year change [4] - Total Online Ecosystem revenue for Global Business Solutions was $2.10 billion, below the $2.14 billion estimate, but still reflecting a +19.9% increase year-over-year [4] - Desktop Ecosystem revenue for Global Business Solutions was $746 million, exceeding the $723.63 million estimate, with a +17.9% year-over-year change [4] - QuickBooks Online Accounting revenue was $1.04 billion, slightly below the $1.06 billion estimate, but showing a +21.4% year-over-year increase [4] - Desktop Services and Supplies revenue was $304 million, below the $309.72 million estimate, with a +2.7% year-over-year change [4] - Online Services revenue was $1.06 billion, slightly below the $1.08 billion estimate, reflecting an +18.5% year-over-year increase [4] - QuickBooks Desktop Accounting revenue was $442 million, exceeding the $411.32 million estimate, with a +31.2% year-over-year change [4] - Service revenue was $6.97 billion, surpassing the $6.67 billion estimate, marking a +15.3% year-over-year increase [4] - Product and other revenue was $783 million, above the $770.35 million estimate, with a +13.6% year-over-year change [4] Stock Performance - Intuit's shares have returned +10.7% over the past month, compared to the Zacks S&P 500 composite's +13.4% change, indicating a performance in line with the broader market [3]

Intuit (INTU) came out with quarterly earnings of $11.65 per share, beating the Zacks Consensus Estimate of $10.89 per share. This compares to earnings of $9.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.98%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $2.58 per share when it actually produced earnings of $3.32, delivering a surprise of 28.6 ...

Financial Data and Key Metrics Changes - The company reported revenue of $7.8 billion, up 15% year-over-year, with GAAP operating income of $3.7 billion, up 20% [20] - Non-GAAP operating income increased to $4.3 billion, up 17%, while GAAP diluted earnings per share rose to $10.02, up 19% [20][35] - Non-GAAP diluted earnings per share reached $11.65, up 18% [20] Business Segment Data and Key Metrics Changes - Consumer Group revenue grew 11% to $4 billion, with expectations of 10% growth for the year [20][21] - Protax Group revenue increased by 9% in Q3, with a full-year growth expectation of 3% to 4% [24] - Global Business Solutions Group revenue grew 19% in Q3, driven by a 20% increase in online ecosystem revenue [25] Market Data and Key Metrics Changes - Credit Karma revenue grew 31% in Q3, with credit cards contributing 14 points, personal loans 12 points, and auto insurance 3 points to growth [31][32] - Online ecosystem revenue for small businesses grew 17%, while revenue for QBO Advanced and Intuit Enterprise Suite saw approximately 40% growth [28] Company Strategy and Development Direction - The company is focusing on becoming a one-stop shop for consumers, businesses, and accountants through an AI-driven expert platform [38] - There is a strong emphasis on disrupting the assisted tax category and enhancing the customer experience through AI and automation [21][38] - The company plans to introduce new AI agents to automate tasks and improve customer engagement [66][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain macro environment, citing the mission-critical nature of their offerings [36][37] - The company is optimistic about long-term growth, with a focus on double-digit revenue growth and operating income growth outpacing revenue growth [38] Other Important Information - The company has approximately $6.2 billion in cash and investments and $6.4 billion in debt, with a quarterly dividend of $1.04 per share, representing a 16% increase [34] - The company is raising its fiscal 2025 revenue growth guidance to 15% from a previous range of 12% to 13% [35] Q&A Session Summary Question: What has driven the strong growth in the consumer tax business? - Management highlighted the focus on customer experience, pricing, and faster access to money as key drivers of growth, with significant improvements in the platform leading to higher conversion rates [44][46] Question: Can you elaborate on the performance of TurboTax Live and the local strategy? - Management noted that breakthrough adoption of new customers and effective marketing strategies contributed to the outsized growth in TurboTax Live, while acknowledging areas for improvement in customer engagement [52][56] Question: How does the company view the impact of AI on pricing and operational efficiency? - Management discussed the launch of new AI agents that will enhance customer experience and operational efficiency, leading to potential pricing opportunities while also reducing overall customer costs [62][68] Question: What is the company's perspective on resilience in the current economic environment? - Management emphasized that over 90% of revenue is recurring and subscription-based, making the company more resilient than in previous years, with a strong focus on being a low-cost disruptor in the market [82][86]

Financial Data and Key Metrics Changes - The company reported revenue of $7.8 billion, up 15% year-over-year, with GAAP operating income of $3.7 billion, up 20% [20] - Non-GAAP operating income increased to $4.3 billion, up 17%, while GAAP diluted earnings per share rose to $10.02, up 19% [20][34] - The guidance for fiscal 2025 was raised, expecting total revenue growth of 15%, up from prior guidance of 12% to 13% [34] Business Line Data and Key Metrics Changes - Consumer Group revenue grew 11% to $4 billion, with expectations of 10% growth for the year [20][21] - TurboTax Live customers are expected to grow by 24%, leading to a 47% increase in TurboTax Live revenue [21] - Global Business Solutions Group revenue increased by 19%, driven by a 20% growth in online ecosystem revenue [24] Market Data and Key Metrics Changes - Credit Karma revenue grew 31%, with credit cards contributing 14 points, personal loans 12 points, and auto insurance 3 points to the growth [31] - The online ecosystem revenue for small businesses grew 17%, while mid-market offerings saw approximately 40% growth [28] Company Strategy and Development Direction - The company is focusing on becoming a one-stop shop for consumers, businesses, and accountants through an AI-driven expert platform [38] - There is a strong emphasis on automating tasks and workflows, particularly in the mid-market segment, which represents a $89 billion total addressable market [14] - The company plans to introduce new AI agents to enhance customer experiences and streamline operations [12][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain macro environment, citing the mission-critical nature of their offerings [36][37] - The company is optimistic about sustaining double-digit revenue growth and expanding operating income faster than revenue [41] Other Important Information - The company has approximately $6.2 billion in cash and investments and $6.4 billion in debt, with a quarterly dividend of $1.04 per share, representing a 16% increase [33] - The company is committed to leveraging AI to enhance productivity and operational efficiency [36] Q&A Session Summary Question: What has driven the recent growth in the consumer tax business? - Management highlighted a focus on improving customer experience, pricing, and access to funds as key drivers of growth [44][46] Question: Can you elaborate on the performance of TurboTax Live and the local strategy? - Management noted that breakthrough adoption of new customers and improved engagement with existing customers contributed significantly to growth [52][54] Question: How does the company view its pricing power in the current macro environment? - Management indicated that over 90% of revenue is recurring and subscription-based, enhancing resilience and pricing power [80][81] Question: What is the outlook for reclaiming customers who have left the ecosystem? - Management acknowledged opportunities to reclaim customers through superior experience and pricing, although this remains a smaller part of growth [88][90]

Fact Sheet May 22, 2025 Financial summary | Guidance[C] | Summary | Financial | FY'23 | FY'24 | FY'25 | Q1 | Q2 | Q3 | Q4 | F | Y | Q1 | Q2 | Q3 | Q4 | F | Y | Q1 | Q2 | Q3 | Q4 | FY'25 | FY'25 | ($ millions, except per share data) | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Global Business Solutions | $1,988 | ...

Financial Performance - Total net revenue for Q3 Fiscal 2025 reached $7,754 million, a 15.1% increase from $6,737 million in Q3 Fiscal 2024[12] - Service revenue contributed $6,971 million, up 15.3% from $6,048 million year-over-year[12] - Net income for the quarter was $2,820 million, representing a 17.9% increase compared to $2,389 million in the same quarter last year[12] - Basic net income per share increased to $10.09, up from $8.53 in Q3 Fiscal 2024, reflecting a 18.3% growth[12] - Total net revenue for the nine months ended April 30, 2025, reached $15,000 million, up 14.5% from $13,101 million in the prior year[152] - Operating income for the three months ended April 30, 2025, was $3,720 million, reflecting a 19.8% increase from $3,105 million in the same quarter of 2024[152] - Net income for the nine months ended April 30, 2025, was $3,488 million, compared to $2,983 million for the same period in 2024, representing a 16.9% increase[21] - Operating income for the nine months ended April 30, 2025, was $4,584 million, compared to $3,781 million for the same period in 2024, marking a 21.2% increase[12] Assets and Equity - Total assets as of April 30, 2025, were $36,593 million, an increase from $32,132 million as of July 31, 2024[16] - Intuit's total stockholders' equity increased to $20,125 million from $18,436 million, reflecting a strong financial position[16] - Total stockholders' equity as of April 30, 2025, was $20,125 million, an increase from $18,757 million as of April 30, 2024, indicating a year-over-year growth of 7.3%[19] - Total current assets as of April 30, 2025, were $13,965 million, an increase from $9,678 million as of July 31, 2024[16] Cash Flow and Investments - Cash and cash equivalents rose to $5,443 million, compared to $3,609 million at the end of the previous fiscal year[16] - The net cash provided by operating activities for the nine months ended April 30, 2025, was $5,826 million, up from $4,467 million in the same period of 2024, representing a growth of 30.4%[21] - Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period on April 30, 2025, totaled $10,184 million, up from $6,481 million a year earlier, reflecting a significant increase of 57.5%[22] - The company reported a net cash used in financing activities of $1,652 million for the nine months ended April 30, 2025, compared to $851 million in 2024[22] Expenses and Costs - Total costs and expenses for the quarter were $4,034 million, a 11.1% increase from $3,632 million in Q3 Fiscal 2024[12] - Research and development expenses for the three months ended April 30, 2025, were $707 million, an increase from $671 million in the same period of 2024[12] - Share-based compensation expense for the nine months ended April 30, 2025, was $1,478 million, slightly higher than $1,421 million for the same period in 2024[21] Stock and Dividends - The company repurchased $754 million worth of stock under its stock repurchase programs during the three months ended April 30, 2025[17] - Dividends declared per share increased to $1.04 for the three months ended April 30, 2025, compared to $0.90 for the same period in 2024[19] - Cash dividends declared during the nine months ended April 30, 2025 totaled $3.12 per share, amounting to $891 million[125] Segment Performance - Global Business Solutions segment reported net revenue of $2,849 million for the three months ended April 30, 2025, a 19.4% increase from $2,387 million in the prior year[152] - Consumer segment net revenue increased to $4,048 million for the three months ended April 30, 2025, compared to $3,653 million in the same period of 2024, marking an 11.5% growth[152] - Credit Karma segment net revenue for the three months ended April 30, 2025, was $579 million, up 30.8% from $443 million in the same quarter of 2024[152] Future Outlook and Investments - The company expects to continue investing significantly in product development and marketing, particularly in artificial intelligence[10] - The company anticipates long-term growth in total service revenue as a percentage of total revenue[10] Legal and Compliance - The company is currently involved in various legal proceedings, including a settlement agreement with state attorneys general for $141 million related to marketing practices[135] - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective for fiscal years beginning after December 15, 2023[44] Miscellaneous - No customer accounted for 10% or more of total net revenue in the three or nine months ended April 30, 2025[43] - The company reorganized technology and customer success functions across segments to enhance overall platform management[28]

Intuit Reports Strong Third-Quarter Results and Raises Full-Year Guidance Consumer Group Revenue Grew 11 percent; Global Business Solutions Group Revenue Grew 19 percent MOUNTAIN VIEW, Calif. - May 22, 2025 - Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial results for the third quarter of fiscal 2025, which ended April 30. "We have exceptional momentum with outstanding performance across our platfor ...

Intuit (INTU) is scheduled to report third-quarter fiscal 2025 results on May 22.For the third quarter of fiscal 2025, INTU expects revenues to grow between 12% and 13% on a year-over-year basis. Revenues are expected to be in the range of $7.55-$7.60 billion. Non-GAAP earnings for the quarter are estimated in the range of $10.89-$10.95 per share. These projections align with Intuit's historical tax season performance patterns but lack the upside surprise potential of previous quarters.The Zacks Consensus E ...

Signage for financial software company Intuit (Photo by Smith Collection/Gado/Getty Images).Getty ImagesIntuit (NASDAQ:INTU), a financial technology platform, is set to announce its earnings on Thursday, May 22, 2025. An analysis of the past five years indicates that Intuit’s stock has registered a positive one-day return following its earnings announcements in 69% of instances. These positive returns have had a median of 2.2% and a maximum of 12.6%.For traders focused on events, these historical trends can ...