Intuit Shares Rise on Strong Earnings

<p><strong>MOUNTAIN VIEW<&sol;strong> &&num;8212&semi; Financial company <a href&equals;"https&colon;&sol;&sol;www&period;intuit&period;com&sol;" rel&equals;"nofollow" shape&equals;"rect">Intuit Inc&period;&comma; maker of <&sol;a><a href&equals;"https&colon;&sol;&sol;turbotax&period;intuit&period;com&sol;" rel&equals;"nofollow" shape&equals;"rect">TurboTax<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;creditkarma&period;com&sol;" rel&equals;"nofollow" shape&equals;"rect">Credit Karma<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;quickbooks&period;intuit&period;com&sol;" rel&equals;"nofollow" shape&equals;"rect">QuickBooks<&sol;a>&comma; and <a href&equals;"https&colon;&sol;&sol;mailchimp&period;com&sol;" rel&equals;"nofollow" shape&equals;"rect">Mailchimp<&sol;a>&comma; announced strong results for the third quarter of fiscal 2025&comma; which ended April 30&period; Shares were up 8&percnt; during Friday trading&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have exceptional momentum with outstanding performance across our platform&period; We&&num;8217&semi;re redefining what&&num;8217&semi;s possible with AI by becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses&comma;” said Sasan Goodarzi&comma; Intuit&&num;8217&semi;s chief executive officer&period; &OpenCurlyDoubleQuote;We had an outstanding year in tax&comma; including a significant acceleration in TurboTax Live revenue growth as we disrupt the assisted tax category&period;”<b><&sol;b><&sol;p>&NewLine;<p>For the third quarter&comma; Intuit&colon;<&sol;p>&NewLine;<ul class&equals;"bwlistdisc">&NewLine;<li>Grew total revenue to &dollar;7&period;8 billion&comma; up 15 percent&period;<&sol;li>&NewLine;<li>Increased Consumer Group revenue to &dollar;4&period;0 billion&comma; up 11 percent&period;<&sol;li>&NewLine;<li>Grew Global Business Solutions Group revenue to &dollar;2&period;8 billion&comma; up 19 percent&semi; grew Online Ecosystem revenue to &dollar;2&period;1 billion&comma; up 20 percent&period;<&sol;li>&NewLine;<li>Increased Credit Karma revenue to &dollar;579 million&comma; up 31 percent&period;<&sol;li>&NewLine;<li>Grew ProTax Group revenue to &dollar;278 million&comma; up 9 percent&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>For the full fiscal year&comma; Intuit expects&colon;<&sol;p>&NewLine;<ul class&equals;"bwlistdisc">&NewLine;<li>TurboTax Live revenue to grow 47 percent to &dollar;2&period;0 billion&comma; representing approximately 40 percent of total Consumer Group revenue&comma; and TurboTax Live units to grow 24 percent&period;<&sol;li>&NewLine;<li>TurboTax Online paying units to grow approximately 6 percent on share gains from higher average revenue per return &lpar;ARPR&rpar; filers&comma; and ARPR to increase approximately 13 percent&comma; as more customers chose assisted offerings and faster access to refunds&period;<&sol;li>&NewLine;<li>Pay-nothing customers of approximately 8 million&comma; down from over 10 million last year&comma; due to yielding share with lower ARPR customers&period; As a result&comma; total TurboTax Online units to decline approximately 1 percent&comma; and TurboTax share of total IRS returns to decline approximately 1 point&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;