Intuit said total net revenue for Q3 of fiscal 2025 increased $1.0 billion, or 15%, compared with the same quarter of the prior year, operating income increased $615 million, or 20%, and net income increased $431 million, or 18%. Diluted net income per share was $10.02 compared with $8.42 for the same quarter of the prior year.

1. 01

   Intuit said total net revenue for Q3 of fiscal 2025 increased $1.0 billion, or 15%, compared with the same quarter of the prior year, operating income increased $615 million, or 20%, and net income increased $431 million, or 18%. Diluted net income per share was $10.02 compared with $8.42 for the same quarter of the prior year.

2. 02

   The company said Global Business Solutions segment revenue increased $462 million, or 19%, for Q3, primarily due to growth in Online Ecosystem revenue. Credit Karma segment revenue increased $136 million, or 31%, with increases in the credit card vertical of $63 million, the personal loan vertical of $55 million, and the auto insurance vertical of $14 million cited as factors.

3. 03

   Intuit said total operating expenses for Q3 increased $275 million, or 11%, below the total net revenue increase rate of 15%, and operating expenses as a percentage of total net revenue decreased compared with the same quarter of the prior year. The increase consisted of marketing expenses of $106 million, staffing expenses of $95 million, and outside services of $28 million.

4. 04

   The company said cash, cash equivalents, and investments totaled $6.2 billion as of April 30, 2025, an increase of $2.1 billion from July 31, 2024. As of the same date, there were no outstanding borrowings under the $1.5 billion unsecured revolving credit facility and commercial paper program, and $949 million remained available under the secured revolving credit facility.

Key figures

Quarter ended April 30, 2025

Revenue

$7.8B

Operating income

$3.7B

Net income

$2.8B

EPS

$10.02

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

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