Intuit Inc. Stock Surges 8% on Strong Q3 Earnings and Raised Guidance

Intuit Inc. (NASDAQ: INTU) shares jumped more than 8% to $719.70 midday Thursday after the financial software giant posted better-than-expected third-quarter results and lifted its full-year outlook. The company reported a 15% year-over-year revenue increase to $7.8 billion, with non-GAAP earnings per share climbing 18% to $11.65.

Growth drivers included strong performance in TurboTax Live and Credit Karma, both delivering double-digit gains. Management raised guidance across all key metrics for fiscal 2025, though flat Mailchimp results and macroeconomic uncertainty present ongoing challenges.

The earnings beat demonstrates Intuit’s ability to monetize its ecosystem of tax, accounting, and personal finance products despite a volatile economic backdrop. Investors rewarded the company’s execution, sending shares to their highest level since February.