Intuit Beats EPS, Revenue Expectations

Core Insights - Intuit reported stronger-than-expected fiscal 2025 second-quarter results, driven by robust segment growth and an AI-focused strategy [1][2] Financial Performance - Non-GAAP EPS for Q2 was $3.32, exceeding analysts' consensus of $2.57, representing a 26% increase from $2.63 in Q2 fiscal 2024 [3] - Total revenue reached $3.96 billion, surpassing the anticipated $3.83 billion, marking a 17% increase from $3.39 billion in the same quarter last year [3] - Operating income (non-GAAP) was $1.26 billion, a 26% increase from $1.0 billion in Q2 fiscal 2024 [3] Business Segments - Significant growth was observed in the Credit Karma and global business solutions segments, with Credit Karma revenues increasing by 36% to $511 million [7] - The global business solutions group's revenue rose by 19% to $2.7 billion, with QuickBooks Online Accounting growing by 22% [6] - The consumer group faced modest growth of 3% to $509 million, underperforming management's expectations [7] Strategic Focus - Intuit's AI-driven strategy enhances customer experiences by automating workflows and providing AI-powered advice, which is critical for its growth [4] - The company continues to target growth in the small business and self-employed segments, which are pivotal for revenue generation [5] Future Outlook - Intuit reaffirmed its full-year guidance, projecting revenue between $18.160 billion and $18.347 billion, indicating a growth of about 12% to 13% [9] - For the fiscal third quarter, projected revenues are between $7.55 billion and $7.6 billion, with GAAP diluted EPS forecasted between $9.22 and $9.28 [10]