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Intuit Shares Surge After Strong Q3 Earnings and Upgraded Full-Year Outlook

The financial software company exceeded Q3 expectations, raised fiscal 2025 guidance, and announced plans for AI integration in QuickBooks.

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Overview

  • Intuit reported Q3 revenue of $7.75 billion, up 15% year-over-year, and adjusted EPS of $11.65, both surpassing analysts' estimates.
  • The company raised its fiscal 2025 revenue forecast to $18.72–$18.76 billion and adjusted EPS guidance to $20.07–$20.12.
  • Fourth-quarter revenue is projected between $3.72 billion and $3.76 billion, with adjusted EPS of $2.63–$2.68, both above Wall Street expectations.
  • Intuit plans to integrate AI agents into its QuickBooks lineup, offering specialized options like accounting and finance agents with separate pricing.
  • TurboTax Online units are expected to decline 1% in fiscal 2025, but paying users are projected to grow 6%, reflecting evolving user trends.