Tax Filing Season ‘Turbocharges’ Intuit’s Q3 Results: Retail Cheers ‘Blowout’ Earnings Report

The company said it was becoming a one-stop shop for AI agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses.
In this photo illustration, the logo of Intuit Inc. is displayed on a smartphone screen, with the company's blue branding in the background, on May 18, 2025, in Chongqing, China.
In this photo illustration, the logo of Intuit Inc. is displayed on a smartphone screen, with the company's blue branding in the background, on May 18, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)
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Shanthi M·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
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Intuit (INTU) shares rallied in Thursday’s post-market session after the tax preparation software company announced a beat-and-raise quarter.

The Mountain View, California-based company reported adjusted earnings per share (EPS) of $11.65 for the third quarter of the fiscal year 2025. This marks an 18% year-over-year (YoY) climb from the $9.88 EPS reported a year ago and exceeded the Finchat-compiled consensus estimate of $10.91.

Revenue increased 15% to $7.75 billion, slower than the 17% growth reported for the second quarter. Analysts, on average, anticipated revenue of $7.56 billion for the quarter.

The results also exceeded the company’s guidance issued in late February.

The company’s third quarter is the seasonally strongest due to the tax filing season underway. 

Among segments, consumer group revenue climbed 11% to $4 billion, and global business solutions group revenue was up a steeper 19% to $2.8 billion. Credit Karma revenue grew the fastest at 31% to $579 million.

CEO Sasan Goodarzi said, “We had an outstanding year in tax, including a significant acceleration in TurboTax Live revenue growth as we disrupt the assisted tax category.”

The executive also highlighted the company’s artificial intelligence (AI) capability. “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.”

Intuit raised its fiscal year 2025 adjusted EPS guidance to $20.07-$20.12 from a range of $19.16-$19.36, and the revenue guidance to $18.723 billion -$18.760 billion from $18.160 billion-$18.347 billion.

Wall Street, on average, models $19.35 and $18.37 billion, respectively.

The company’s third-quarter guidance calls for adjusted EPS of $2.63-$2.68 and revenue of $3.723 billion—$3.760 billion. These expectations bettered the consensus estimates of $2.60 and $3.53 billion.

On Stocktwits, retail sentiment toward Intuit stock was ‘extremely bullish’ (93/100) by late Thursday, and the message volume was ‘extremely high.’

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INTU sentiment and message volume as of 10 p.m. ET, May 22 | source: Stocktwits

A bullish user braced for a rally to $800 at the open after the stock settled Thursday’s session up 0.92% at $666.07.

Another user lauded the company for the “blowout” earnings.

The Intuit stock rallied over 8% to $719.58 in the after-hours session. The stock is up over 6% year-to-date.

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