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Intuit logoIntuit INTU

Intuit said total net revenue increased $2.5 billion, or 16%, in fiscal 2025 compared with fiscal 2024, operating income increased $1.3 billion, or 36%, and net income increased $906 million, or 31%. Diluted net income per share was $13.67.

10-KAnnual reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Intuit said total net revenue increased $2.5 billion, or 16%, in fiscal 2025 compared with fiscal 2024, operating income increased $1.3 billion, or 36%, and net income increased $906 million, or 31%. Diluted net income per share was $13.67.

  2. The company said Global Business Solutions segment revenue increased $1.5 billion, or 16%, in fiscal 2025, Credit Karma revenue increased $555 million, or 32%, and Consumer segment revenue increased $425 million, or 10%. It said the increase in Global Business Solutions was due to growth in Online Ecosystem revenue.

  3. Intuit said total operating expenses increased $870 million, or 9%, in fiscal 2025. The company cited increases in marketing expenses of $410 million, staffing expenses of $300 million, outside services of $161 million, and sales-related expenses of $52 million, partially offset by a decrease in restructuring charges of $208 million.

  4. Intuit said it generated $6.2 billion in cash from operating activities in fiscal 2025. During the same period, the company used $2.8 billion for share repurchases and $1.2 billion for cash dividends paid.

Key figures

Fiscal year ended July 31, 2025

Revenue
$18.8B
Operating income
$4.9B
Net income
$3.9B
EPS
$13.67
Operating cash flow
$6.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Annual Revenue, Operating Income, and Diluted Net Income Per Share

Intuit said total net revenue increased $2.5 billion, or 16%, in fiscal 2025 compared with fiscal 2024, operating income increased $1.3 billion, or 36%, and net income increased $906 million, or 31%. Diluted net income per share was $13.67.

Source · Based on the MD&A text of the filing

Segment Revenue Growth

The company said Global Business Solutions segment revenue increased $1.5 billion, or 16%, in fiscal 2025, Credit Karma revenue increased $555 million, or 32%, and Consumer segment revenue increased $425 million, or 10%. It said the increase in Global Business Solutions was due to growth in Online Ecosystem revenue.

Source · Based on the MD&A text of the filing

Operating Expense Increase and Restructuring Charge Decrease

Intuit said total operating expenses increased $870 million, or 9%, in fiscal 2025. The company cited increases in marketing expenses of $410 million, staffing expenses of $300 million, outside services of $161 million, and sales-related expenses of $52 million, partially offset by a decrease in restructuring charges of $208 million.

Source · Based on the MD&A text of the filing

Cash Generation and Shareholder Returns

Intuit said it generated $6.2 billion in cash from operating activities in fiscal 2025. During the same period, the company used $2.8 billion for share repurchases and $1.2 billion for cash dividends paid.

Source · Based on the MD&A text of the filing

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.