Financial technology company Intuit beat estimates on revenue and earnings per share after seeing growth across segments, but forecast lower-than-expected increases next quarter.
Revenue was US$3.83 billion last quarter, up 20% year-over-year and passing LSEG estimates of $3.75 billion. Adjusted earnings per share rose 38% to $2.75, above estimates of $2.66.
“We had an exceptional fiscal 2025 with 20% growth in the fourth quarter and 16% growth for the full year,” said Intuit CEO Sasan Goodarzi.
“We saw outstanding execution across our platform, driving breakthrough adoption in assisted tax, introducing transformative AI agents across our business platform, and building our mid-market go-to-market capabilities, all while driving strong margin expansion,” said Intuit CFO Sandeep Aujla.
Operating income was US$1.02 billion last quarter, increasing by 20%. Net income was $381 million, up from a loss of $20 million.
Revenue for the Global Business Solutions segment grew by 16% across the fiscal year, reaching US$11.1 billion. QuickBooks Online Accounting revenue was up 22%, which the company credited to higher effective prices and customer growth.
While Online Services revenue increased by 19% last fiscal year, the segment was weighed down by MailChimp. Excluding MailChimp, Online Services revenue rose by 29%.
Consumer Group revenue was up 10% last fiscal year to US$4.9 billion. This was driven by a surge in TurboTax Live revenue, which rose by 47%.
Intuit’s guidance for the next fiscal year projects revenue of US$20.997-21.186 billion, in line with average estimates of $21.12 billion.
Its outlook for next quarter expects revenue growth of 14-15%, however, below estimates of 16.1%. The company said this was due to MailChimp impacting near-term growth.
Intuit’s share price dropped to US$659.00 in after-hours trading, following a close at $697.76. Its market capitalisation is US$194.64 billion.
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