Intuit Stock Price, News & Analysis

Intuit (INTU) reported strong Q3 FY25 results with total revenue growing 15% to $7.8 billion. The company's Consumer Group revenue increased 11% to $4.0 billion, while Global Business Solutions Group revenue rose 19% to $2.8 billion. Credit Karma showed exceptional performance with revenue up 31% to $579 million. GAAP operating income grew 20% to $3.7 billion, and GAAP EPS increased 19% to $10.02. TurboTax Live revenue is expected to grow 47% to $2.0 billion for the full fiscal year. Based on strong performance, Intuit raised its full-year FY25 guidance, now expecting total revenue of $18.72-18.76 billion (15% growth) and GAAP EPS of $13.19-13.24 (26-27% growth). The company also announced a 16% increase in quarterly dividend to $1.04 per share.

Intuit (NASDAQ: INTU) announced the winners of its fourth annual QuickBooks and Mailchimp Small Business Hero Day, awarding $20,000 each to three businesses: BJ's Nevada BBQ, the Homeless Garden Project, and Perry's Joint. The ceremony was hosted by WNBA MVP Lisa Leslie at Intuit Dome.

The company also launched an expanded year-round initiative called the Small Business Hero Program, which will recognize three winners quarterly. Each winner will receive a $20,000 grant and additional resources from QuickBooks and Mailchimp. According to Intuit's 2025 survey, 90% of respondents believe small businesses contribute to their sense of community.

The winners demonstrated significant community impact: BJ's Nevada BBQ supports culinary education, the Homeless Garden Project provides employment for homeless individuals, and Perry's Joint offers scholarships and community support during crises.

Intuit Mailchimp has released The New E-Commerce Calendar, a comprehensive global report analyzing evolving shopping patterns. Based on a survey of 9,000+ shoppers across 13 countries, the report reveals that 78% of customer behavior is driven by personal, cultural, and community moments rather than retail promotions. Key findings show that the holiday season represents only 10% of annual engagement opportunities, with brands navigating up to 15 retail, cultural, and religious moments monthly. The study identifies six key moment categories: Sales, Advocacy, Celebratory, Together, Holiday, and Entertainment Moments. Notable insights include 76% of shoppers using Sales Moments for pre-planned purchases, and holiday season price sensitivity dropping by 38%. The report also highlights significant regional variations in shopping behaviors and preferences across different demographics and global markets.

Intuit (Nasdaq: INTU), the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has scheduled its third-quarter fiscal year 2025 earnings announcement for May 22, after market close.

The company will host a conference call at 1:30 p.m. Pacific time to discuss the financial results for the quarter ending April 30. Investors can access the live call through Intuit's investor relations website.

Post-call resources include:

• Prepared remarks available on Intuit's website
• One-week replay access via phone (800-757-4768 for domestic, 402-220-7227 for international)
• Audio recording on company website for one week

Intuit (NASDAQ: INTU) has announced its agreement to acquire GoCo, a provider of HR and benefits solutions for small and mid-market businesses. The integration will enhance Intuit's Enterprise Suite and QuickBooks Payroll services, creating a comprehensive Human Capital Management (HCM) solution.

GoCo's features will be initially integrated into Intuit Enterprise Suite and QuickBooks Payroll for Premium or Elite Payroll customers in the U.S. The combined platform will offer businesses a unified solution for managing finances, customers, and employee lifecycle from onboarding to offboarding.

Founded in 2015, GoCo provides hiring, onboarding, workforce management, and benefits administration services. The acquisition will complement Intuit's AI capabilities and data infrastructure, enhancing HR team productivity. The deal is set to close in Q4 FY25, with financial terms undisclosed.

Intuit (NASDAQ: INTU) has announced a new collaboration with Google Cloud to enhance tax preparation for TurboTax customers. The partnership integrates Google Cloud's Doc AI and Gemini models to expand done-for-you autofill capabilities for the ten most common U.S. tax forms, including complex 1099 and 1040 forms.

In tax year 2023, TurboTax processed 44 million U.S. tax returns and $107 billion in tax refunds using Intuit's Generative AI Operating System (GenOS). The system combines Intuit's data, custom-trained financial large language models, and tax knowledge engine with best-in-class LLMs.

The enhanced automation particularly benefits investors in stocks, bonds, and crypto by automating data extraction from complicated 1099 forms, eliminating the need for manual data entry across multiple screens and fields. The integration aims to improve accuracy and efficiency in tax preparation through advanced AI-driven document understanding.

TurboTax highlights key tax deductions and credits ahead of the April 15, 2025 filing deadline. A Harris QuestDIY survey reveals significant deadline awareness gaps, with over 50% of 18-24 year olds unaware of the due date.

Notable credits include:

• Earned Income Tax Credit up to $7,830 for families with 3 kids
• Child Tax Credit up to $2,000
• Child and Dependent Care Credit up to $2,100 for multiple children
• American Opportunity Tax Credit up to $2,500 for college education
• Energy Efficient Improvements credits up to $1,200 for home upgrades

The Standard Deduction has been inflation-adjusted to $14,600 for single filers, $29,200 for joint filers, and $21,900 for head of household.

Intuit (NASDAQ: INTU) has launched the Small Business Growth Council in the UK, a new initiative aimed at empowering small businesses through AI and digital adoption. The Council, comprising 18 digitally-connected businesses, will focus on shaping policies for innovation and economic growth.

Research indicates that digitally connected businesses are 2.4 times more likely to report higher productivity and 2.3 times more likely to see increased revenue. However, over 25% of UK small businesses still don't use basic digital tools. The potential impact is significant - if the UK's 1.1 million micro businesses doubled their AI technology uptake, it could unlock a £16.6 billion productivity boost.

The Council will focus on three core areas: driving digital adoption, simplifying business administration, and democratizing access to AI. The initiative builds on the success of Intuit's US Small Business Council, which helped introduce the Small Business Technological Innovation Act (S.305).

Intuit (NASDAQ: INTU) has launched its second annual Hour of Finance Challenge, a national initiative for middle and high school students during Financial Literacy Month in April. The program features Intuit Prosperity Quest, an interactive online game teaching financial literacy through real-world scenarios.

The challenge kickoff aligns with Intuit's Financial Literacy Forum event at Intuit Dome in Los Angeles on April 1, featuring recording artist Saweetie and former NBA player Lou Williams. The initiative is part of Intuit for Education, a program that has reached over two million students with free personal and entrepreneurial finance courses powered by TurboTax, Credit Karma, QuickBooks, and Mailchimp.

According to Intuit's 2025 Prosperity Index Study, among Gen Z and Millennials: 60% prioritize quality of life over savings, 62% prefer work-life balance over higher earnings, 68% pursue additional education for career advancement, and 43% identify as cautious savers focusing on security over risk.