By Kelly Cloonan
Intuit sales rose by a fifth in its latest quarter, boosted by growth across each of its segments, and it expects double-digit revenue gains to continue.
The tax preparation software maker on Thursday posted a profit of $381 million, or $1.35 a share, compared with a loss of $20 million, or 7 cents a share, in the prior-year period.
Adjusted earnings came in at $2.75 a share, topping the $2.66 modeled by analysts polled by FactSet.
Revenue climbed 20% to $3.83 billion, ahead of analyst estimates for $3.74 billion, according to FactSet.
By segment, Intuit's global business solutions group grew 18% to $3 billion and online ecosystem revenue increased 21% to $2.2 billion. Credit Karma revenue jumped 34% to $649 million, while consumer group revenue rose 21% to $137 million.
Chief Financial Officer Sandeep Aujla said the company delivered strong results across the recent fiscal year as it drove higher adoption for its assisted tax platform, introduced artificial intelligence agents on its business platform and built its offerings for mid-market businesses.
"We are proud of our progress across the big bets that delivered accelerated growth," Aujla said.
Last month, the company launched a set of AI agents on its business platform that aim to automate functions across customer relationship management, financial analysis, payments and accounting.
For the current fiscal year, which ends July 31, the company forecasts revenue of about $21 billion to $21.2 billion and adjusted earnings per-share between $22.98 to $23.18. Analysts expect revenue of $21.1 billion and adjusted earnings of $23.02 a share.
For the fiscal first quarter, Intuit expects revenue growth of about 14% to 15% and adjusted earnings per-share of $3.05 to $3.12. Analysts polled by FactSet forecast revenue to grow 16% to $3.8 billion and adjusted earnings of $3.07 a share.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
August 21, 2025 16:01 ET (20:01 GMT)
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