<p><strong>MOUNTAIN VIEW</strong> &#8212; Financial company <a href="https://www.intuit.com/" rel="nofollow" shape="rect">Intuit Inc., maker of </a><a href="https://turbotax.intuit.com/" rel="nofollow" shape="rect">TurboTax</a>, <a href="https://www.creditkarma.com/" rel="nofollow" shape="rect">Credit Karma</a>, <a href="https://quickbooks.intuit.com/" rel="nofollow" shape="rect">QuickBooks</a>, and <a href="https://mailchimp.com/" rel="nofollow" shape="rect">Mailchimp</a>, announced strong results for the third quarter of fiscal 2025, which ended April 30. Shares were up 8% during Friday trading.</p>
<p>“We have exceptional momentum with outstanding performance across our platform. We&#8217;re redefining what&#8217;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,” said Sasan Goodarzi, Intuit&#8217;s chief executive officer. “We had an outstanding year in tax, including a significant acceleration in TurboTax Live revenue growth as we disrupt the assisted tax category.”<b></b></p>
<p>For the third quarter, Intuit:</p>
<ul class="bwlistdisc">
<li>Grew total revenue to $7.8 billion, up 15 percent.</li>
<li>Increased Consumer Group revenue to $4.0 billion, up 11 percent.</li>
<li>Grew Global Business Solutions Group revenue to $2.8 billion, up 19 percent; grew Online Ecosystem revenue to $2.1 billion, up 20 percent.</li>
<li>Increased Credit Karma revenue to $579 million, up 31 percent.</li>
<li>Grew ProTax Group revenue to $278 million, up 9 percent.</li>
</ul>
<p>For the full fiscal year, Intuit expects:</p>
<ul class="bwlistdisc">
<li>TurboTax Live revenue to grow 47 percent to $2.0 billion, representing approximately 40 percent of total Consumer Group revenue, and TurboTax Live units to grow 24 percent.</li>
<li>TurboTax Online paying units to grow approximately 6 percent on share gains from higher average revenue per return (ARPR) filers, and ARPR to increase approximately 13 percent, as more customers chose assisted offerings and faster access to refunds.</li>
<li>Pay-nothing customers of approximately 8 million, down from over 10 million last year, due to yielding share with lower ARPR customers. As a result, total TurboTax Online units to decline approximately 1 percent, and TurboTax share of total IRS returns to decline approximately 1 point.</li>
</ul>

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