Why Intuit Stock Was Moving Higher Today
Intuit topped estimates on the top and bottom lines in its fiscal third-quarter earnings report.
The company is leveraging the power of AI to drive growth in the business.
It raised its full-year guidance and expects revenue growth to accelerate in the fourth quarter.
10 stocks we like better than Intuit ›
Shares of Intuit (NASDAQ: INTU), the parent of TurboTax, QuickBooks, Credit Karma, and Mailchimp, were moving higher today after the financial technology company reported better-than-expected results in its fiscal third-quarter earnings report.
As of 10:42 a.m. ET, the stock was up 9.1% on the news.
In an uncertain macro environment, Intuit delivered strong results, with overall revenue up 15% to $7.75 billion, which beat expectations at $7.56 billion.
Its consumer group, primarily made up of TurboTax, posted revenue growth of 11% to $4 billion, with TurboTax Live revenue up 47% to $2 billion, showing increasing demand for its live assistance product.
In global business solutions, which is mostly QuickBooks, revenue rose 19% to $2.8 billion, and Credit Karma revenue jumped 31% to $579 million.
On the bottom line, adjusted operating income jumped 17% to $4.34 billion, and adjusted EPS was up 18% to $11.65, which beat the consensus at $10.91.
CEO Sasan Goodarzi said, "We're redefining what's possible with AI by becoming a one-stop shop of AI agents and AI-enabled human experts to fuel the success of consumers and small- and mid-market businesses."
For the fiscal fourth quarter, the company expects growth to accelerate, calling for revenue to increase 17%-18% to $3.723-$3.76 billion, well ahead of estimates at $3.5 billion. On the bottom line, it sees adjusted EPS of $2.63-$2.68, ahead of the consensus at $2.60 and up from $1.99 in the quarter a year ago. Management also raised its full-year guidance.
With popular products like TurboTax and QuickBooks, Intuit is arguably positioned as well as any other software company to leverage the power of AI by making its software easier to use, more useful, and more efficient, and it seems to be doing that.
The stock trades at a premium, but it's clear why after the latest report. Even in an uncertain environment, Intuit's growth is accelerating. It's not a surprise to see the stock pop on today's news.
Before you buy stock in Intuit, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!*
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*Stock Advisor returns as of May 19, 2025
Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy.
Why Intuit Stock Was Moving Higher Today was originally published by The Motley Fool
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What this proposal targets is not growth but excessive hoarding of profits that serves only the wealthy few. Others may fear that such a tax would prompt corporations to switch to alternative structures or shift operations abroad. But a retained earnings tax can be applied based on financial disclosures for U.S.-based public companies and expanded to large LLCs or partnerships. In fact, it may reduce incentives to move profits offshore, since it targets where wealth stays, not where it's reported. The politics are promising. A retained earnings tax is lower than the current corporate income tax — yet may raise more consistent, sustainable revenue. It eliminates the need to police every deduction, credit and carve-out. It also aligns with populist sentiments on both the left and right: no more tax-free stockpiling, no more billionaires (referred to by some today as 'oligarchs') borrowing off their gains while avoiding taxes. Congress has a chance to reset how we think about taxing wealth — not by chasing every dollar of income, but by targeting the retained profits that silently fuel inequality and sidestep the tax system. Fixing the corporate tax code is essential not just for raising revenue but for restoring fairness, transparency and trust in the American economic compact. Peter D. Wells is principal at Ancient Wisdom Consulting. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
