Intuit Inc. is a prominent global financial technology platform that operates products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp. For the third quarter of fiscal 2025, Intuit experienced significant revenue growth, reporting $7.8 billion, a 15% increase from the same period last year. The company operates under a robust strategy focusing on artificial intelligence and integrated financial solutions, targeting both consumers and businesses.

The latest results indicate a stable upward trend in Intuit’s financial performance, with key metrics highlighting this growth. GAAP operating income reached $3.7 billion, reflecting a 20% increase from the previous year, while non-GAAP operating income rose to $4.3 billion, marking a 17% growth. GAAP diluted earnings per share (EPS) increased to $10.02, up 19%, and non-GAAP diluted EPS climbed to $11.65, a rise of 18%.

In terms of segment performance, the Consumer Group revenue was reported at $4 billion, growing 11%. The Global Business Solutions Group revenue increased to $2.8 billion, a substantial growth of 19%. Furthermore, Credit Karma achieved remarkable success, generating $579 million in revenue, up 31% year-over-year. The ProTax Group revenue also elevated to $278 million, representing a 9% increase.

Key operational changes have been made to enhance performance, particularly in the tax season, with TurboTax Live revenue projected to grow 47% to $2 billion, constituting approximately 40% of total Consumer Group revenue. Anticipated growth in TurboTax Live customers is estimated at 24%, while TurboTax Online paying units are expected to see a 6% increase this fiscal year.

Intuit also noted significant gains in adjusting operational guidance. The company’s full-year revenue growth guidance has been elevated to approximately 15%, up from the previous range of 12% to 13%. For GAAP operating income, the revised guidance indicates a growth of about 35%, compared to earlier expectations of 28% to 30%. The GAAP diluted EPS guidance has increased to a range of 26% to 27% growth, exceeding prior estimates of 18% to 20%.

In addition, the fourth-quarter revenue growth is forecasted between 17% and 18%, with GAAP EPS expected between $0.84 and $0.89. The company concluded the quarter with about $6.2 billion in cash and investments and repurchased approximately $754 million in stock.

Overall, Intuit’s third quarter financial results illustrate a positive trajectory in its performance, indicating notable advancement in both revenue and profitability metrics across its business segments.