MOUNTAIN VIEW, Calif. – Intuit Inc. (NASDAQ:) shares gained 3% in after-hours trading Thursday as the financial technology company reported fourth-quarter earnings that beat analyst expectations and provided strong guidance for fiscal year 2025.
The maker of TurboTax and QuickBooks reported adjusted earnings per share of $1.99 for the quarter ended July 31, surpassing the analyst consensus of $1.85. Revenue rose 17% YoY to $3.18 billion, exceeding estimates of $3.08 billion.
For fiscal year 2025, Intuit forecasts adjusted earnings per share of $19.16 to $19.36 on revenue of $18.16 billion to $18.35 billion. Both ranges came in above Wall Street expectations of $19.15 EPS and $18.18 billion in revenue.
“We delivered very strong results for the fourth quarter and full year, and made meaningful progress with our AI-driven expert platform strategy that positions the company for durable growth in the future,” said CEO Sasan Goodarzi.
The company’s Small Business and Self-Employed Group saw revenue climb 20% to $2.6 billion in Q4, while Credit Karma revenue increased 14% to $485 million. Consumer Group revenue declined 12% to $113 million.
For the full fiscal year 2024, Intuit’s total revenue grew 13% to $16.3 billion. The company repurchased $2 billion of stock during the year and approved a new $3 billion repurchase authorization.
Intuit also raised its quarterly dividend by 16% to $1.04 per share, payable on October 18.
Looking ahead to Q1 fiscal 2025, the company expects revenue growth of 5% to 6% and adjusted EPS of $2.33 to $2.38.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
