Intuit Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

Core Viewpoint - Intuit (INTU) reported strong fiscal second-quarter 2025 results, with non-GAAP earnings per share of $3.32, exceeding estimates by 28.68% and reflecting a 26% increase year-over-year [1][2]. Revenue Performance - Total revenues reached $3.96 billion, surpassing the consensus estimate by 3.67% and showing a 17% year-over-year growth [2]. - The Global Business Solutions Group, accounting for 67.39% of total revenues, generated $2.67 billion, a 19% increase year-over-year [3]. - Online Ecosystem revenues within this segment grew 21% year-over-year to $2.04 billion, with QuickBooks Online Accounting revenues rising 22% to $1 billion [3]. - Online Services revenues, including payroll and payments, increased 19% year-over-year to $1.03 billion, driven by strong performances from Mailchimp and payroll services [4]. - Consumer Group revenues rose 3% to $509 million, while ProTax Group revenues increased 1% to $272 million [5]. Profitability Metrics - Non-GAAP operating income climbed 26% to $1.26 billion, with the non-GAAP operating margin increasing by 230 basis points to 31.8% year-over-year [6]. Balance Sheet and Cash Flow - As of January 31, 2025, Intuit's cash and investments totaled $2.5 billion, down from $3.4 billion as of October 31, 2024, with long-term debt at $5.76 billion [7]. - The company repurchased $721 million of stock during the fiscal second quarter and entered a $4.5 billion revolving credit facility [7]. Dividend Announcement - Intuit's board approved a quarterly dividend of $1.04 per share, representing a 16% year-over-year increase, to be paid on April 18, 2025 [8]. Future Outlook - For fiscal third quarter 2025, Intuit expects revenues to grow between 12% and 13%, with estimates ranging from $7.55 billion to $7.60 billion [9]. - Fiscal 2025 revenue projections are between $18.16 billion and $18.347 billion, indicating a growth of 12-13% [9]. - The Global Business Solutions segment is expected to generate revenues between $11.01 billion and $11.106 billion, suggesting a growth of 16-17% [10]. - Non-GAAP earnings per share for fiscal 2025 are projected to be between $19.16 and $19.36 [11].