Intuit (INTU) First Quarter 2025 Earnings Report

Intuition Shares fell 6% in extended trading Thursday after the financial software maker issued a revenue forecast for the current quarter that fell short of analysts’ estimates due to the delay in some sales.

Here is the company’s performance compared to the LSEG consensus:

• Earnings per share: $2.50 adjusted vs. 2.35 expected
• Income: $3.28 billion versus $3.14 billion

Revenue rose 10% year over year in the quarter ended Oct. 31, according to a release. Net income fell to $197 million, or 70 cents per share, from $241 million, or 85 cents per share, a year ago.

While first-quarter results beat estimates, guidance for the second quarter was soft. Intuit said it expects a single-digit decline in consumer segment revenue due to the promotional changes. While this will affect the revenue schedule, it will have no impact on the entire 2025 financial year.

Intuit expects earnings per share of $2.55 to $2.61 for the second quarter, on revenue of $3.81 billion to $3.85 billion. LSEG’s consensus was for $3.20 per share and $3.87 billion in revenue.

For the full year, Intuit expects adjusted earnings per share of $19.16 to $19.36 on revenue of $18.16 billion to $18.35 billion. This implies revenue growth of between 12% and 13%. Analysts polled by LSEG expected adjusted earnings per share of $19.33 and revenue of $18.26 billion.

Global Business Solutions Group’s revenue was $2.5 billion in the first quarter. This figure was up 9% and in line with estimates, according to StreetAccount. Formerly known as the Small Business and Self-Employed segment, the group includes Mailchimp, QuickBooks, small business financing and merchant payment processing.

CreditKarma’s revenue was $524 million, above StreetAccount’s consensus of $430 million.

As of Thursday’s close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained nearly 25% over the same period.

Executives will discuss the results with analysts on a conference call starting at 4:30 p.m. ET.

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