The earnings call highlighted Intuit's strong revenue growth driven by AI innovations and mid-market expansion. Although challenges like Mailchimp churn and desktop revenue decline were noted, the overall outlook remains positive due to strategic advancements and recognition for excellence.

Company Guidance

During Intuit's Q1 2025 earnings call, the company reported a 10% increase in revenue, driven by 20% growth in the Global Business Solutions Group's online ecosystem and a 29% rise in Credit Karma's revenue. Despite a 17% decline in desktop ecosystem revenue due to changes in their offerings, QuickBooks Online accounting revenue grew by 21%, highlighting strong customer engagement and higher effective prices. The company's overall revenue for the quarter was $3.3 billion, with a GAAP operating income of $271 million and non-GAAP operating income of $953 million. Intuit's non-GAAP diluted earnings per share stood at $2.50, reflecting a slight increase from the previous year's $2.47. The firm reaffirmed its fiscal 2025 guidance, projecting total company revenue growth of 12% to 13% and non-GAAP operating income growth of 13% to 14%. The call emphasized Intuit's strategic focus on AI-driven platforms to enhance customer experiences and streamline operations, particularly through its Intuit Assist tool, which automates financial tasks for QuickBooks Online users.

Strong Revenue Growth

Intuit's revenue grew by 10% in Q1, with Global Business Solutions Group online ecosystem revenue growth of 20% and Credit Karma revenue growth of 29%.

AI-Powered Innovations

Intuit launched 'Intuit Assist', a Gen AI-powered financial assistant, now available to all U.S. QuickBooks Online customers, expected to drive increased adoption of their platform.

Mid-Market Expansion Success

QBO Advanced customers grew 28%, online ecosystem revenue 36%, and ecosystem ARPC was 5x that of the rest of the QBO base, highlighting success in mid-market expansion.

Credit Karma Revenue Surge

Credit Karma revenue grew 29%, driven by strong performance in personal loans, auto insurance, and credit cards.

Recognition by Forbes

Intuit was ranked #3 on Forbes America's Best Companies list, reflecting strong financial performance, trust, and customer and employee satisfaction.

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Intuit (INTU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

INTU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2025 (Q2)	2.58 / -	2.63	―	―	―
Nov 21, 2024	2025 (Q1)	2.36 / 2.50	2.47	1.21% (+0.03)
Aug 22, 2024	2024 (Q4)	1.85 / 1.99	1.65	20.61% (+0.34)
May 23, 2024	2024 (Q3)	9.38 / 9.88	8.92	10.76% (+0.96)
Feb 22, 2024	2024 (Q2)	2.30 / 2.63	2.2	19.55% (+0.43)
Nov 28, 2023	2024 (Q1)	1.98 / 2.47	1.66	48.80% (+0.81)
Aug 24, 2023	2023 (Q4)	1.44 / 1.65	1.1	50.00% (+0.55)
May 23, 2023	2023 (Q3)	8.48 / 8.92	7.65	16.60% (+1.27)
Feb 23, 2023	2023 (Q2)	1.47 / 2.20	1.55	41.94% (+0.65)
Nov 29, 2022	2023 (Q1)	1.19 / 1.66	1.53	8.50% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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INTU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 21, 2024	$678.70	$640.12	-5.68%
Aug 22, 2024	$664.18	$618.81	-6.83%
May 23, 2024	$660.24	$605.14	-8.35%
Feb 22, 2024	$655.00	$656.88	+0.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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