Revenue Growth and Performance - Total revenue grew to $3.3 billion, up 10%[3] - Global Business Solutions Group revenue increased to $2.5 billion, up 9%, with Online Ecosystem revenue growing to $1.9 billion, up 20%[4][9] - Credit Karma revenue grew 29% to $524 million[13] - Consumer Group revenue declined 6% to $176 million, impacted by the extended tax filing deadline in California[14] - Full-year fiscal 2025 revenue guidance is $18.160 billion to $18.347 billion, representing 12-13% growth[16] - Global Business Solutions Group is expected to grow 16-17%, with Online Ecosystem revenue growing approximately 20%[18] - Credit Karma is projected to grow 5-8% for the full fiscal year[20] - Q2 FY25 revenue is expected to be $3.812 billion to $3.845 billion, with 13-14% growth[21] - Revenue guidance for the three months ending January 31, 2025 is estimated to be between $3,812 million and $3,845 million[53] - Revenue guidance for the twelve months ending July 31, 2025 is estimated to be between $18,160 million and $18,347 million[53] Operating Income and Expenses - GAAP operating income was $271 million, down 12%, while non-GAAP operating income was $953 million, down 1%[7] - Cost of revenue increased to $111 million for the three months ended October 31, 2024, compared to $101 million in the same period in 2023[36] - Selling and marketing expenses rose to $137 million from $123 million year-over-year[36] - Research and development expenses remained flat at $161 million[36] - General and administrative expenses decreased to $102 million from $110 million[36] - Total share-based compensation expense increased to $511 million from $495 million[36] - GAAP operating income for Q1 fiscal 2025 was $271 million, while non-GAAP operating income was $953 million[39] - GAAP operating income for Q1 2024 was $307 million, increasing to $369 million in Q2, and reaching $3,105 million in Q3, but dropping to a loss of $151 million in Q4, resulting in a full-year GAAP operating income of $3,630 million[42] - Non-GAAP operating income for Q1 2024 was $960 million, rising to $1,000 million in Q2, and $3,712 million in Q3, with Q4 at $730 million, leading to a full-year Non-GAAP operating income of $6,402 million[42] - Operating income guidance for the three months ending January 31, 2025 is estimated to be between $983 million and $1,003 million on a non-GAAP basis[53] Net Income and Earnings Per Share - GAAP net income for Q1 fiscal 2025 was $197 million, while non-GAAP net income was $709 million[39] - GAAP diluted net income per share for Q1 fiscal 2025 was $0.70, while non-GAAP diluted net income per share was $2.50[39] - GAAP net income for Q1 2024 was $241 million, increasing to $353 million in Q2, and $2,389 million in Q3, but dropping to a loss of $20 million in Q4, resulting in a full-year GAAP net income of $2,963 million[42] - Non-GAAP net income for Q1 2024 was $698 million, rising to $746 million in Q2, and $2,804 million in Q3, with Q4 at $563 million, leading to a full-year Non-GAAP net income of $4,811 million[42] - GAAP diluted net income per share for Q1 2024 was $0.85, increasing to $1.25 in Q2, and $8.42 in Q3, but dropping to a loss of $0.07 in Q4, resulting in a full-year GAAP diluted net income per share of $10.43[42] - Non-GAAP diluted net income per share for Q1 2024 was $2.47, rising to $2.63 in Q2, and $9.88 in Q3, with Q4 at $1.99, leading to a full-year Non-GAAP diluted net income per share of $16.94[42] - Diluted net income per share guidance for the three months ending January 31, 2025 is estimated to be between $2.55 and $2.61 on a non-GAAP basis[53] Cash Flow and Financial Position - Net income for the three months ended October 31, 2024 was $197 million, compared to $241 million in the same period last year[48] - Total adjustments to reconcile net income to net cash provided by operating activities were $703 million for the three months ended October 31, 2024[48] - Net cash provided by operating activities was $362 million for the three months ended October 31, 2024, compared to a net cash used of $97 million in the same period last year[48] - Net cash used in investing activities was $188 million for the three months ended October 31, 2024, compared to net cash provided of $210 million in the same period last year[48] - Net cash provided by financing activities was $761 million for the three months ended October 31, 2024, compared to $849 million in the same period last year[50] - Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period were $8,034 million, compared to $3,797 million at the end of the same period last year[50] - Total current assets as of October 31, 2024, were $10,726 million, compared to $9,678 million as of July 31, 2024[46] - Total assets as of October 31, 2024, were $33,193 million, compared to $32,132 million as of July 31, 2024[46] - Total current liabilities as of October 31, 2024, were $8,619 million, compared to $7,491 million as of July 31, 2024[46] - Total liabilities as of October 31, 2024, were $15,057 million, compared to $13,696 million as of July 31, 2024[46] Shareholder Returns and Investments - The company repurchased $570 million of stock and increased its quarterly dividend by 16% to $1.04 per share[15] - The company recognized a $42 million net loss on other long-term investments during the three months ended October 31, 2024[39] Non-GAAP Adjustments and Tax Considerations - The effective tax rate for the three months ended October 31, 2024, was approximately 8%, excluding discrete tax items it was 24%[36] - The company excludes credit losses on available-for-sale debt securities and gains/losses on other investments from non-GAAP financial measures[70] - The company excludes gains/losses on executive deferred compensation plan assets from non-GAAP financial measures[70] - The company uses a long-term non-GAAP tax rate of 24% for fiscal 2024 and 2025, subject to change due to significant acquisitions, geographic earnings mix changes, or tax law changes[71] - The company excludes operating results and gains/losses on the sale of discontinued operations from non-GAAP financial measures[72] - Forward-looking non-GAAP financial measures include adjustments for acquisitions, divestitures, asset impairments, and disposals of businesses and long-lived assets[73]

Intuit has added a generative artificial intelligence (AI)-powered financial assistant to QuickBooks.The new Intuit Assist for QuickBooks is designed to help small and medium-sized businesses (SMBs) by generating estimates, invoices, bills and payment reminders and delivering personalized recommendations, the company said in a Wednesday (Nov. 20) press release.“With Intuit Assist, customers can leverage connected tools and services to manage and keep a business growing,” Dave Talach, senior vice president, ...

I think few will disagree with me when I say that one of the most interesting growth plays in recent years has got to be software giant Intuit (NASDAQ: INTU ). With industry-leading services such as QuickBooks, Credit Karma, TurboTax, andCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth ...

Wall Street analysts expect Intuit (INTU) to post quarterly earnings of $2.36 per share in its upcoming report, which indicates a year-over-year decline of 4.5%. Revenues are expected to be $3.14 billion, up 5.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

Last week, I was reviewing insider trades from InsideArbitrage for new activity. By chance, one idea came to mind: Intuit. Before I dive into this tax giant’s business model, let me give you a backstory onAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from See ...

Intuit (INTU) closed at $619.01 in the latest trading session, marking a -0.44% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq depreciated by 0.33%.Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had gained 1.81% in the past month. In that same time, the Computer and Technology sector gained 2.1%, while the S&P 500 gained 0.41%.Analysts and in ...

Intuit (INTU) shares have declined 1.5% year to date (YTD) against the broader Zacks Computer and Technology sector's increase of 27%. It has also lagged the Zacks Computer Software industry and peers like Progress Software (PRGS) , SS&C Technologies (SSNC) and Trend Micro (TMICY) . Shares of PRGS and SSNC have returned 20.4% and 16%, respectively, while TMICY has declined 0.9% at the same time. The industry has appreciated 15% YTD. The company recently announced a Venture investment in Wildfire's Series B ...

In the latest market close, Intuit (INTU) reached $602.01, with a -1.24% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.92%. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq lost 1.6%.Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 4.48% in the past month. In that same time, the Computer and Technology sector gained 3.64%, while the S&P 500 gained 2.68%.The upcoming earnings release of Intuit will be of gr ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Intuit (INTU) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Intuit currently has an average bro ...

Intuit (INTU) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors ...