Intuit Stock Soars 8.77% on Strong Q3 Earnings, Raised Guidance

Intuit's stock surged 8.77% in pre-market trading on May 23, 2025, driven by strong third-quarter financial results and an optimistic outlook for the full year.

Intuit, a leading provider of financial management software, reported third-quarter earnings that exceeded analysts' expectations. The company's revenue for the quarter was $7.75 billion, a 15.1% increase from the same period last year. This performance was driven by strong demand for its TurboTax and QuickBooks products, which are widely used by consumers and small businesses for tax preparation and accounting.

In addition to its strong revenue growth, Intuit also reported a significant increase in earnings per share (EPS). The company's adjusted EPS for the quarter was $11.65, surpassing analysts' estimates of $10.89. This represents a 17.9% increase from the same period last year and marks the fourth consecutive quarter in which Intuit has exceeded consensus EPS estimates.

Intuit's strong third-quarter performance has led the company to raise its full-year guidance. The company now expects revenue growth of approximately 15% for the full year, up from its previous guidance of 12-13% growth. Intuit also raised its full-year EPS guidance to a range of $20.07 to $20.12, representing growth of approximately 18-19% from the previous year.

Intuit's strong financial performance and optimistic outlook for the full year have been well-received by investors, who have pushed the company's stock price higher in recent trading sessions. The company's strong third-quarter results and raised guidance suggest that Intuit is well-positioned to continue delivering strong financial performance in the coming quarters.