Intuit Gears Up to Report Q3 Earnings: Here's What You Should Know

Core Viewpoint - Intuit (INTU) is expected to report third-quarter fiscal 2025 results on May 22, with projected revenue growth of 12% to 13% year-over-year, amounting to $7.55-$7.60 billion, and non-GAAP earnings estimated at $10.89-$10.95 per share, reflecting a potential decline in earnings compared to previous quarters [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues stands at $7.54 billion, indicating an 11.98% year-over-year growth [2]. - The consensus for earnings is $10.89 per share, suggesting a year-over-year decline of 10.22% [2]. Recent Performance and Guidance - Following a strong fiscal second-quarter performance with 17% revenue growth, Intuit maintained its full-year guidance of 12-13% revenue growth, indicating continued but potentially moderated momentum for the fiscal third quarter [3]. Strategic Acquisitions - The recent acquisition of GoCo enhances Intuit's Human Capital Management capabilities, aligning with its focus on mid-market businesses, although it may not significantly impact upcoming results due to integration costs [4]. Tax Season Impact - Tax season performance is critical for third-quarter results, as it typically captures the majority of TurboTax revenues, with early-season momentum noted in the assisted category [5]. Credit Karma Segment - The Credit Karma segment experienced 36% growth in the fiscal second quarter but faces challenging year-over-year comparisons in the third quarter, with minimal immediate revenue impact expected from recent financial education expansions [6]. Global Business Solutions Group - The Global Business Solutions Group delivered 19% growth in the fiscal second quarter, with Online Services revenues reflecting robust demand for payments and payroll solutions [7]. Margin Expansion - Margin expansion is anticipated as AI-driven efficiencies continue to take hold, with previous fiscal second-quarter results indicating annual efficiencies ahead of schedule [8]. Growth Thesis - Recent strategic acquisitions and product expansions reinforce Intuit's growth thesis, although near-term performance may reflect a normalization from exceptional recent growth rates [9].