Intuit said total net revenue for Q2 of fiscal 2025 increased $577 million (17%) compared with the same quarter of the prior year, operating income increased $224 million (61%), and net income increased $118 million (33%). Diluted net income per share was $1.67, compared with $1.25 in the same quarter of the prior year.

1. 01

   Intuit said total net revenue for Q2 of fiscal 2025 increased $577 million (17%) compared with the same quarter of the prior year, operating income increased $224 million (61%), and net income increased $118 million (33%). Diluted net income per share was $1.67, compared with $1.25 in the same quarter of the prior year.

2. 02

   The company said Global Business Solutions revenue increased $426 million (19%) in Q2, primarily due to growth in Online Ecosystem revenue. Credit Karma revenue increased $136 million (36%), with increases in the credit card vertical of $57 million, personal loan vertical of $51 million, and auto insurance vertical of $23 million.

3. 03

   Intuit said total operating expenses for Q2 increased $271 million (13%), due to increases of $110 million for marketing, $54 million for staffing, $41 million for outside services, $18 million for sales-related expenses, and $14 million for share-based compensation.

4. 04

   The company said cash, cash equivalents, and investments as of January 31, 2025 were $2.5 billion, a decrease of $1.6 billion compared with July 31, 2024. On January 30, 2025, it entered into an unsecured revolving credit facility of $4.5 billion with a maturity date of April 30, 2025.

Key figures

Quarter ended January 31, 2025

Revenue

$4.0B

Operating income

$593M

Net income

$471M

EPS

$1.67

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.