INTU Soars 8% as Q3 Earnings Crush Expectations—Wall Street Pretends It Saw This Coming

Intuit just gave analysts a rare win—the stock rocketed after posting numbers that didn’t require creative accounting to look good.

The Breakdown:
TurboTax’s parent company smashed Q3 estimates and hiked full-year guidance, triggering a buying frenzy among investors who’d apparently been napping through five straight quarters of cloud growth.

Why It Matters:
When legacy fintech players outperform in this market, it’s either a sign of operational genius… or that competitors are tripping over their own spreadsheets. (We’ll let earnings calls decide.)

The Punchline:
Another ‘surprise’ beat from a company that’s been quietly eating accountants’ lunches for years—but hey, at least someone’s keeping Excel relevant.

TLDR

• Intuit stock rises over 8% to $719.70 after strong Q3 earnings.
• Revenue rose 15% YoY to $7.8B; non-GAAP EPS up 18% to $11.65.
• TurboTax Live and Credit Karma drove double-digit growth.
• FY25 revenue, EPS, and operating income guidance all raised.
• Flat Mailchimp results and macro uncertainty remain key risks.

Shares of Intuit Inc. (NASDAQ: INTU) soared over 8% to $719.70 as of midday trading on May 23, 2025, after the company reported robust third-quarter earnings and boosted its full-year guidance.

Intuit Inc. ($INTU) Stock

Revenue reached $7.8 billion, a 15% year-over-year increase, while GAAP diluted EPS climbed 19% to $10.02. On a non-GAAP basis, diluted EPS stood at $11.65, up 18%.

Operating income also surged: GAAP operating income ROSE 20% to $3.7 billion, while non-GAAP income grew 17% to $4.3 billion. The company bought back $754 million worth of shares and increased its quarterly dividend by 16% to $1.04 per share. The earnings date was May 22, 2025.

$INTU Intuit Inc. reported earnings
Q3 FY2025 results ended on Apr 30, 2025

– Revenue: $7.75B, +15% YoY
– Net Income: $2.82B, +18% YoY
– Non-GAAP EPS: $11.65, +18% YoY

CEO Sasan Goodarzi: "We’re redefining what’s possible with AI by becoming a one-stop shop of AI-agents and… pic.twitter.com/JgUmBlrxsL

— invesdea💰Investing Ideas (@theinvesdea) May 22, 2025

TurboTax Live and Credit Karma Deliver

TurboTax Live was a major growth driver this quarter, with revenue expected to increase 47% for the full fiscal year to $2 billion. This represents roughly 40% of the Consumer Group’s total revenue. However, overall TurboTax online units are expected to decline by 1%, as Intuit reduced its number of “pay-nothing” customers to 8 million from over 10 million last year.

Credit Karma performed exceptionally well, with Q3 revenue growth of 31%, driven by strength in credit cards, personal loans, and auto insurance. QuickBooks Online also contributed, seeing 21% revenue growth, while the broader Global Business Solutions segment rose 19%.

Muted Mailchimp Performance, Cautious Outlook on Some Fronts

While most business units posted gains, Mailchimp’s revenue remained flat year-over-year. Intuit warned that improvements in the email platform may take several quarters to materialize. The company is still refining its go-to-market strategy for mid-market customers and noted friction in improving user experience for prior assisted TurboTax clients.

Despite these challenges, the company cited the successful integration of AI into its platforms. A notable improvement was a 12% reduction in average tax return preparation time, reflecting stronger efficiency and user engagement.

Raised Guidance Across All Metrics

Intuit revised its fiscal 2025 guidance sharply upward. Total revenue is now expected to grow 15% to $18.723–$18.760 billion. GAAP operating income guidance rose to $4.898–$4.918 billion (35% growth), and non-GAAP operating income is expected to grow 18% to $7.543–$7.563 billion. EPS projections were also raised, with GAAP diluted EPS now estimated at $13.19–$13.24 and non-GAAP EPS at $20.07–$20.12.

For Q4, Intuit anticipates revenue of $3.723–$3.760 billion, up 17–18%, and non-GAAP EPS between $2.63 and $2.68.

Outlook Encouraging Despite Risks

While management acknowledged a challenging macroeconomic environment, its upgraded forecast suggests confidence in continued growth. Investors responded positively, sending shares sharply higher. Still, flat Mailchimp performance and ongoing integration challenges highlight the need for careful execution as Intuit scales its AI-driven strategy and mid-market expansion.