Loading...
01/09 23:26
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Intuit's earnings call reflects strong financial performance with 15% revenue growth, improved operating income, and EPS growth. Positive market sentiment is bolstered by a 16% dividend increase and significant stock repurchase. Growth in key segments like TurboTax Live and QuickBooks Online, along with optimistic guidance, further enhance the outlook. Despite regulatory and economic concerns, Intuit's resilience and strategic focus on AI-driven platforms and mid-market expansion support a positive sentiment. The Q&A indicates strong execution but highlights the need for transparency in pricing strategies. Overall, the stock is likely to see a positive movement.
Revenue $7,800,000,000, up 15% year-over-year, driven by strong performance across the platform.
GAAP Operating Income $3,700,000,000, up 20% year-over-year.
Non-GAAP Operating Income $4,300,000,000, up 17% year-over-year.
GAAP Diluted Earnings Per Share $10.02, up 19% year-over-year.
Non-GAAP Diluted Earnings Per Share $11.65, up 18% year-over-year.
Consumer Group Revenue $4,000,000,000, grew 11% in Q3, driven by strong execution against the strategy to win as an AI-driven expert platform.
TurboTax Live Revenue Growth 47%, significantly above the long-term expectation of 15% to 20%.
TurboTax Live Customers Growth 24%, contributing to the overall growth in the Consumer Group.
Average Revenue Per Return (ARPR) Growth Expected to increase by 13% as more customers choose assisted offerings.
Credit Karma Revenue Growth 31%, driven by strength in credit cards, personal loans, and auto insurance.
Cash and Investments Approximately $6,200,000,000.
Debt $6,400,000,000.
Stock Repurchase $754,000,000 during the third quarter.
Quarterly Dividend $1.04 per share, representing a 16% increase per share versus last year.
Global Business Solutions Group Revenue Growth 19% in Q3, driven by online ecosystem revenue growth of 20%.
QuickBooks Online Accounting Revenue Growth 21% in Q3, driven by higher effective prices, customer growth, and mix shift.
Online Payment Volume Growth 18% in Q3.
Desktop Ecosystem Revenue Growth 18% in Q3.
Mailchimp Revenue Growth Relatively flat versus a year ago.
Protax Group Revenue Growth 9% in Q3, with an expected full year growth of 3% to 4%.
TurboTax Live Revenue Growth: TurboTax Live revenue is expected to grow by 47%, significantly above the long-term expectation of 15% to 20%.
AI-Driven Experiences: The company is introducing AI agents to automate tasks and enhance customer experiences, including a customer AI agent, payment AI agent, project management AI agent, and accounting AI agent.
New Product Launches: Transformative innovations across the business platform are set to launch, including a refreshed end-to-end platform with AI agents.
Market Positioning in Assisted Tax: Intuit is positioned to disrupt the $35 billion assisted tax category, with a focus on delivering better customer experiences and lower costs.
Mid-Market Expansion: Intuit is targeting the $89 billion mid-market segment, focusing on businesses with $2.5 million to $100 million in annual revenue.
Operational Efficiency: AI capabilities have led to a 12% reduction in the average time customers spent on their tax returns.
Productivity Gains: Experts saw a 20% reduction in time spent preparing returns, allowing for more customer engagement.
Strategic Leadership Changes: New leadership appointments in key areas (small business, mid-market, and services) to drive focus on growth opportunities.
Guidance Increase: The company raised its fiscal 2025 revenue growth guidance to 15%, up from 12-13% previously.
Competitive Pressures: Intuit faces competitive pressures in the assisted tax category, where they aim to disrupt the market. The company acknowledges that while they have made significant progress, there are still challenges in improving customer experience and retaining customers who may switch to competitors.
Regulatory Issues: The company operates in a heavily regulated environment, particularly in the financial and tax sectors. Changes in regulations could impact their operations and require adjustments to their services.
Supply Chain Challenges: Intuit's growth strategy relies on a seamless integration of various services and products. Any disruptions in their supply chain or partnerships could hinder their ability to deliver on their promises to customers.
Economic Factors: The uncertain macroeconomic environment poses risks to Intuit's business. Factors such as inflation and rising interest rates could affect customer spending and demand for their services.
Customer Retention: Intuit has identified areas for improvement in customer retention, particularly in the assisted tax segment. They recognize the need to enhance the customer experience to prevent customers from switching to competitors.
Market Penetration: While Intuit has made strides in penetrating the assisted tax market, they acknowledge that there is still a significant opportunity for growth, particularly in the mid-market segment.
Revenue Growth: Intuit delivered a revenue growth of 15% in Q3 FY25, raising guidance across all metrics including revenue, operating income, operating margin, and earnings per share.
Consumer Group Revenue Growth: Consumer Group revenue is expected to grow 10% this year, driven by a 24% growth in TurboTax Live customers and a 47% growth in TurboTax Live revenue.
AI-Driven Platform Strategy: Intuit is focusing on an AI-driven expert platform strategy to enhance customer experiences and automate workflows, aiming to redefine the assisted tax category.
Mid-Market Strategy: Intuit is targeting mid-market customers, representing an $89 billion total addressable market, with a focus on delivering integrated solutions through Intuit Enterprise Suite.
AI Agents Launch: Intuit plans to launch a set of AI agents to automate tasks and improve customer experiences, enhancing productivity and driving growth.
Fiscal Year 2025 Revenue Guidance: Total revenue growth is now expected to be 15%, up from prior guidance of 12% to 13%.
Operating Income Growth Guidance: GAAP operating income growth is now expected to be 35%, up from prior guidance of 28% to 30%.
Earnings Per Share Guidance: GAAP diluted earnings per share growth is expected to be 26% to 27%, up from prior guidance of 18% to 20%.
Fourth Quarter Guidance: Total company revenue growth for Q4 FY25 is expected to be 17% to 18%.
Credit Karma Revenue Growth: Credit Karma revenue growth is now expected to be 28%, up from prior guidance of 5% to 8%.
Quarterly Dividend: $1.04 per share, payable on 07/18/2025, representing a 16% increase per share versus last year.
Stock Repurchase: $754,000,000 of stock repurchased during the third quarter.
The earnings call summary indicates strong financial performance with projected revenue and EPS growth. Product development, particularly AI and platform innovations, is promising. Market strategy includes expanding presence and leveraging partnerships. Financial health seems stable, and shareholder returns are likely supported by growth plans. The Q&A section highlights confidence in market share gains and strategic initiatives, despite some uncertainties. Overall, the sentiment is positive, with potential for stock price appreciation.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
