Intuit posts 20% Q4 revenue growth and strong FY2025 results, while sets FY2026 guidance for double-digit expansion

Overview

Intuit Inc., the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, reported robust Q4 and full-year fiscal 2025 results. Growth was broad-based across the Global Business Solutions Group, Consumer, and Credit Karma, powered by adoption of AI-driven offerings and deeper platform integration. The company also announced a restructuring of its segment reporting to reflect a new unified Consumer business effective FY2026.

“We had an exceptional fiscal 2025 with 20 percent growth in the fourth quarter and 16 percent growth for the full year. Our virtual team of AI agents and AI-enabled human experts are powering success for consumers and businesses. We could not be more excited about the opportunity ahead”, said Sasan Goodarzi, Intuit’s chief executive officer.

Q4 FY2025 vs. Q4 FY2024:

Total revenue rose to $3.83bn (+20% YoY), driven by strength in QuickBooks Online, Online Services, Credit Karma, and TurboTax Live.
- Global Business Solutions Group revenue grew to $3.0bn (+18% YoY), with Online Ecosystem revenue up 21% to $2.2bn (26% growth excluding Mailchimp).
- Credit Karma revenue jumped to $649m (+34% YoY), benefiting from strength in personal loans, credit cards, and auto insurance.
- Consumer Group revenue increased to $137m (+21% YoY), led by continued adoption of assisted tax offerings.
GAAP operating income was $339m (versus a $151m loss in Q4 FY2024), while non-GAAP operating income rose to $1.02bn (+39% YoY).
GAAP EPS improved to $1.35 from $(0.07) a year earlier, and non-GAAP EPS rose to $2.75 (+38% YoY).

FY2025 vs. FY2024:

Total revenue grew to $18.8bn (+16% YoY), with combined platform revenue (Global Business Solutions Online Ecosystem, TurboTax Online, and Credit Karma) up 19% to $14.9bn.
- Global Business Solutions revenue also rose 16% YoY to $11.1bn (18% excluding Mailchimp), with Online Ecosystem revenue up 20% to $8.3bn (25% excluding Mailchimp).
- Consumer Group revenue increased to $4.9bn (+10% YoY), including 47% growth in TurboTax Live to $2.0bn.
- Credit Karma revenue surged to $2.3bn (+32% YoY) on strong demand for credit products and insurance services.
- ProTax revenue grew to $621m (+4% YoY), reflecting steady adoption among professionals.
GAAP operating income rose to $4.9bn (+36% YoY), and non-GAAP operating income increased to $7.6bn (+18% YoY).
GAAP EPS grew to $13.67 (+31% YoY), while non-GAAP EPS was up to $20.15 (+19% YoY).
Intuit repurchased $2.8bn in stock during FY2025 and announced a new $3.2bn authorization, bringing total capacity to $5.3bn.
The Board approved a quarterly dividend of $1.20 per share (up 15% YoY), payable October 17, 2025.

For FY2026, Intuit guided revenue of $21.0bn-$21.2bn (+12-13%), GAAP operating income of $5.8bn-$5.9bn (+17-19%), non-GAAP operating income of $8.6bn-$8.7bn (+14-15%), GAAP EPS of $15.49-$15.69 (+13-15%), and non-GAAP EPS of $22.98-$23.18 (+14-15%). Segment outlook includes Global Business Solutions growth of 14-15% (15.5-16.5% excluding Mailchimp), Consumer growth of 8-9% (with TurboTax +8%, Credit Karma +10-13%, ProTax +2-3%). For Q1 FY2026, revenue is expected to grow 14-15% with GAAP EPS of $1.19-$1.26 and non-GAAP EPS of $3.05-$3.12. Management emphasized AI-driven platform innovation, mid-market expansion, and margin discipline as key growth drivers into 2026.

Intuit shares fell sharply by about -5% in the last trading session of the week, following the release of earnings, bringing the price directly into a test of the 200-day SMA ($664.19). This level is technically significant and could provide important signals for the medium to long term, depending on whether it holds as support. Despite the selloff, it is worth noting that the company’s results came in broadly above analysts’ expectations. The RSI has now dropped to 23.74, deep in oversold territory, which could trigger a short-term rebound in the coming week as selling pressure may start to ease. Overall, while the medium-term outlook hinges on how the stock reacts around the 200-day moving average, the current technical setup suggests a possible relief bounce in the near term.