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AI English summary of an SEC filing — figures as filed

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The company said total revenue rose 12% to $6.7 billion for Q3, which ended on April 30, 2024. GAAP operating income was $3,105 million, and GAAP diluted earnings per share was $8.42.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said total revenue rose 12% to $6.7 billion for Q3, which ended on April 30, 2024. GAAP operating income was $3,105 million, and GAAP diluted earnings per share was $8.42.

  2. The company said Consumer Group revenue rose 9% to $3.7 billion in Q3, and Small Business and Self-Employed Group revenue rose 18% to $2.4 billion. It said Credit Karma revenue grew 8% to $443 million.

  3. The company said it expects full-year 2024 revenue of $16.164 billion to $16.200 billion, growth of about 13%, up from its prior guidance of 11 to 12% growth. It said GAAP operating income is expected to be $3.815 billion to $3.835 billion.

  4. The company said it repurchased $584 million of its shares in Q3 and had $2.1 billion remaining on its share repurchase authorization. Its Board approved a cash dividend of $0.90 per share, which will be paid on July 18, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Quarterly revenue $6.7 billion, GAAP operating income $3,105 million in Q3

The company said total revenue rose 12% to $6.7 billion for Q3, which ended on April 30, 2024. GAAP operating income was $3,105 million, and GAAP diluted earnings per share was $8.42.

Source · Based on the filing body and exhibits

Segment revenue in Q3: Small Business and Self-Employed Group up 18%

The company said Consumer Group revenue rose 9% to $3.7 billion in Q3, and Small Business and Self-Employed Group revenue rose 18% to $2.4 billion. It said Credit Karma revenue grew 8% to $443 million.

Source · Based on the filing body and exhibits

Full-year 2024 outlook: revenue $16.164 billion to $16.200 billion

The company said it expects full-year 2024 revenue of $16.164 billion to $16.200 billion, growth of about 13%, up from its prior guidance of 11 to 12% growth. It said GAAP operating income is expected to be $3.815 billion to $3.835 billion.

Source · Based on the filing body and exhibits

Share repurchases of $584 million in Q3, quarterly dividend of $0.90 per share

The company said it repurchased $584 million of its shares in Q3 and had $2.1 billion remaining on its share repurchase authorization. Its Board approved a cash dividend of $0.90 per share, which will be paid on July 18, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.