Core Viewpoint - Intuit's shares are declining due to first-quarter revenue guidance falling short of estimates, prompting analysts to lower price forecasts [1][8]. Financial Performance - Intuit reported a strong fourth-quarter revenue of $3.83 billion, representing a 20% year-over-year increase, surpassing consensus estimates by $88 million [2][6]. - Adjusted operating income for the fourth quarter was $1.02 billion, with a margin of 26.5%, also exceeding expectations [2]. - Global Business Solutions Group (GBSG) revenue reached $3.01 billion, an 18% increase, driven by a 21% growth in the Online Ecosystem [3]. Revenue Breakdown - Online Ecosystem revenue was $2.22 billion, with Intuit Enterprise Suite (IES) and QBO Advanced growing approximately 40% [3]. - Credit Karma revenue increased by 35% to $638 million, while TurboTax Live revenue surged by 47% [3][7]. - Small and Medium Business (SMB) revenue remained flat year-over-year but generated higher profit and cash flow [3]. Future Guidance - Fiscal 2026 guidance is considered soft, with projected revenue of $21.0 billion to $21.19 billion, reflecting a 12-13% growth, which is below market expectations [4][8]. - Adjusted operating income for fiscal 2026 is forecasted at $8.61 billion to $8.69 billion [4]. - GBSG growth guidance of 14-15% includes a ~150 basis points drag from Mailchimp [4]. Analyst Insights - KeyBanc analyst Alex Markgraff maintains an Overweight rating but has reduced the price forecast from $850 to $825, citing Mailchimp headwinds [1][2]. - RBC Capital analyst Rishi Jaluria reiterates an Outperform rating with a price target of $850, highlighting broad-based strength in revenue growth [1][6]. - Both analysts noted that fiscal 2026 guidance does not account for potential AI agent monetization, which could provide upside later [4][8]. Market Reaction - Following the guidance announcement, Intuit's stock fell approximately 6% in after-hours trading, closing down 4.99% at $663.52 [9].

Core Insights - Intuit (INTU) reported Q4 fiscal 2025 non-GAAP EPS of $2.75, exceeding the Zacks Consensus Estimate of $2.65, with a year-over-year increase of 38.2% [1] - Total revenues reached $3.83 billion, surpassing the consensus mark of $3.74 billion, and reflecting a 20.3% year-over-year growth [1] Revenue Breakdown - Global Business Solutions Group revenues, accounting for 78.6% of total revenues, grew 17.8% year over year to $3.01 billion [2] - Online Ecosystem revenues within this segment increased by 21.1% year over year to $2.2 billion [2] - QuickBooks Online Accounting revenues rose 23.2% year over year to $1.10 billion, driven by higher effective prices and customer growth [2] - Online Services revenues, including payroll and payments, jumped 19% year over year to $1.11 billion [3] - Consumer Group revenues increased by 21.2% to $137 million [3] - ProTax Group's professional tax revenues rose 10.3% year over year to $32 million [3] - Credit Karma contributed $649 million to total revenues, marking a 33.8% year-over-year increase [4] Profitability Metrics - Non-GAAP operating income climbed 39.2% to $1.02 billion, with a non-GAAP operating margin increase of 360 basis points to 26.5% [4] Balance Sheet and Cash Flow - As of July 31, 2025, Intuit's cash and investments totaled $4.6 billion, down from $6.2 billion as of April 30, 2025 [5] - The company had long-term debt of $6 billion and repurchased $2.8 billion of stock during fiscal 2025 [5] - A quarterly dividend of $1.20 per share was approved, representing a 14% year-over-year increase [5] Future Outlook - For Q1 fiscal 2026, Intuit expects revenues to grow between 14% and 15% year-over-year, with non-GAAP EPS estimated between $3.05 and $3.12 [6] - Fiscal 2026 revenue projections are between $20.997 billion and $21.186 billion, indicating approximately 12-13% growth [6] - Non-GAAP operating income for fiscal 2026 is anticipated to be between $8.611 billion and $8.688 billion [7] - Revenue growth expectations for business segments include Global Business Solutions (14-15%), Consumer Group (8-9%), Credit Karma (10-13%), and ProTax (2.3%) [7]

Fact Sheet August 21, 2025 | [E] | [E] | [E] | Segment | Revenue | - FY'25 | View | FY'23 | FY'24 | FY'25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Insights - Intuit (INTU) reported fiscal third-quarter 2025 non-GAAP earnings of $11.65 per share, exceeding the Zacks Consensus Estimate by 6.98%, with an 18% increase year-over-year [1] - Revenues reached $7.75 billion, surpassing the consensus mark by 2.78% and reflecting a 15.1% year-over-year growth [1] Revenue Breakdown - Global Business Solutions Group revenues, accounting for 36.7% of total revenues, grew 19.4% year-over-year to $2.85 billion [2] - Online Ecosystem revenues within this segment increased 18% year-over-year to $2.1 billion [2] - QuickBooks Online Accounting revenues rose 21% year-over-year to $1.04 billion, driven by higher effective prices, customer growth, and mix-shift [2] - Online Services revenues, including payroll and payments, jumped 18% year-over-year to $1.05 billion [3] - Consumer Group revenues, making up 52.2% of total revenues, increased 10.8% to $4.05 billion [3] - ProTax Group's professional tax revenues rose 9.4% year-over-year to $278 million [3] - Credit Karma contributed $579 million to total revenues, marking a 30.7% year-over-year increase [4] Financial Performance - Non-GAAP operating income climbed 17% to $4.34 billion, with a non-GAAP operating margin increase of 90 basis points to 56% [4] - As of April 30, 2025, Intuit's cash and investments totaled $6.2 billion, up from $2.5 billion as of January 31, 2025 [5] - The company had long-term debt of $5.9 billion and repurchased $754 million of stock during the fiscal third quarter [5] - A quarterly dividend of $1.04 per share was approved, representing a 16% year-over-year increase [5] Future Outlook - For fiscal fourth quarter 2025, revenues are expected to grow between 17% and 18% year-over-year, projected in the range of $3.72-$3.76 billion [6] - Non-GAAP earnings for the quarter are estimated between $2.63-$2.68 per share [6] - Fiscal 2025 revenues are projected to be between $18.72-$18.76 billion, indicating approximately 15% growth [6] - Global Business Solutions segment revenues are expected to grow 16% year-over-year, while Consumer Group revenues are anticipated to grow around 10% [7] - Credit Karma revenues are projected to grow 28%, and ProTax revenues are forecasted to grow 3-4% [7] - Non-GAAP operating income is expected to be between $7.54 billion and $7.56 billion, with non-GAAP earnings per share projected between $20.07 and $20.12 for fiscal 2025 [7]

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]

Core Insights - Intuit (INTU) is expected to report quarterly earnings of $10.89 per share, reflecting a 10.2% increase year over year, with revenues forecasted at $7.54 billion, a 12% year-over-year increase [1] Revenue Projections - Analysts estimate 'Net revenue- Consumer' to reach $3.97 billion, indicating an 8.6% year-over-year change [4] - 'Net revenue- Small Business & Self-Employed' is projected at $2.86 billion, suggesting a 20% increase from the previous year [4] - 'Net revenue- Credit Karma' is expected to be $430.66 million, reflecting a decrease of 2.8% year over year [4] - 'Net revenue- ProTax' is forecasted at $273.84 million, indicating a 7.8% year-over-year increase [5] - 'Net revenue- Small Business & Self-Employed- Total Online Ecosystem' is projected to be $2.14 billion, suggesting a 22.2% increase from the prior year [5] - 'Net revenue- Small Business & Self-Employed- Total Desktop Ecosystem' is expected to reach $723.63 million, reflecting a 14.3% year-over-year change [6] - 'Net revenue- Small Business & Self-Employed- Online Ecosystem- QuickBooks Online Accounting' is projected at $1.06 billion, indicating a 22.9% increase [6] - 'Net revenue- Small Business & Self-Employed- Desktop Ecosystem- Desktop Services and Supplies' is estimated at $309.72 million, suggesting a 4.6% year-over-year change [7] - 'Net revenue- Small Business & Self-Employed- Online Ecosystem- Online Services' is expected to be $1.08 billion, reflecting a 20.5% increase [7] - 'Net revenue- Small Business & Self-Employed- Desktop Ecosystem- QuickBooks Desktop Accounting' is projected at $411.32 million, indicating a 22.1% increase [8] - 'Net revenue- Service' is expected to reach $6.67 billion, suggesting a 10.3% year-over-year change [8] - 'Net revenue- Product and other' is forecasted at $770.35 million, indicating an 11.8% year-over-year increase [9] Stock Performance - Over the past month, Intuit shares have returned +14.5%, outperforming the Zacks S&P 500 composite's +13.1% change [10]