Intuit Shares Dip Despite Strong Q4 Earnings and Bullish 2026 Forecast
The fintech giant beats revenue and profit estimates, projecting double-digit growth driven by its AI-powered business solutions.
Intuit Inc. (NASDAQ:INTU) announced robust financial results for the fourth quarter of fiscal 2025, surpassing analyst expectations for both revenue and earnings. Despite the strong performance and an optimistic forecast for the upcoming year, the company's shares saw a slight 0.2% decline in after-hours trading.
The maker of TurboTax and QuickBooks reported revenue of $3.83 billion for the quarter ending July 31, a 20% increase year-over-year, beating consensus estimates of $3.75 billion. Non-GAAP earnings per share came in at $2.75, ahead of the anticipated $2.66. For the full fiscal year 2025, Intuit posted a 16% rise in revenue to $18.8 billion.
Driving the strong results was continued growth across its key divisions. The Global Business Solutions segment, which includes its flagship QuickBooks accounting software, saw revenue climb 18% to $3.0 billion in the fourth quarter. The Credit Karma division also delivered impressive growth, with revenue up 34% to $649 million.
"We had an exceptional fiscal 2025 with 20 percent growth in the fourth quarter and 16 percent growth for the full year," said Sasan Goodarzi, Intuit’s chief executive officer, in a statement. He attributed the performance to the company's AI-driven platform, stating, "Our virtual team of AI agents and AI-enabled human experts are powering success for consumers and businesses."
Looking ahead, Intuit provided upbeat guidance for fiscal 2026, projecting total revenue growth between 12% and 13%, reaching a range of $21.0 billion to $21.2 billion. The company anticipates non-GAAP earnings per share to increase by 14% to 15%.
In a move reflecting confidence in its financial position, Intuit's board approved a 15% increase in its quarterly dividend to $1.20 per share and authorized a new $3.2 billion share repurchase program. The company also announced a strategic reorganization, combining its Consumer, Credit Karma, and ProTax businesses into a single Consumer segment to create a more unified platform for its customers.