Intuit Surpasses Q4 Expectations Amid Credit Karma and QuickBooks Growth

Intuit reported stronger-than-expected fiscal fourth-quarter results, driven by strength in its Credit Karma and QuickBooks businesses. The company's revenue exceeded analyst expectations, with a 24% year-over-year increase in total revenue. The results were fueled by growth in its consumer business, particularly in its credit monitoring and small business accounting products.

Intuit Inc. (INTU) reported robust fiscal fourth-quarter results, surpassing analyst expectations and demonstrating significant growth across its business segments. The company's total revenue exceeded estimates by 24% year-over-year, reaching $3.83 billion, as reported on July 31, 2025 [1]. This growth was primarily driven by strong performance in the Credit Karma and QuickBooks businesses.

The Global Business Solutions Group, which accounts for 78.6% of Intuit's total revenues, grew 17.8% year-over-year to $3.01 billion. Within this segment, QuickBooks Online Accounting revenues climbed 23.2% to $1.10 billion, driven by higher effective prices, customer growth, and a shift in the customer mix [1]. Additionally, Online Services revenues, which include payroll, payments, time tracking, and capital, surged 19% to $1.11 billion, reflecting growth in money and payroll offerings [1].

The Consumer Group, responsible for 3.6% of total revenues, experienced a 21.2% increase, reaching $137 million. ProTax Group's professional tax revenues rose 10.3% to $32 million. Notably, the Credit Karma business contributed $649 million to Intuit’s fiscal fourth-quarter total revenues, representing a 33.8% year-over-year increase, driven by strength in credit cards, personal loans, and auto insurance [1].

Intuit's non-GAAP operating income climbed 39.2% to $1.02 billion, while the non-GAAP operating margin expanded by 360 basis points to 26.5%. The company also announced a quarterly dividend of $1.20 per share, a 14% increase from the previous year [1].

Looking ahead, Intuit expects revenues to grow between 14% and 15% on a year-over-year basis for the first quarter of fiscal 2026. For the full year of 2026, the company projects revenues in the range of $20.997-$21.186 billion, indicating approximately 12-13% growth. Non-GAAP earnings per share are anticipated to be between $22.98 and $23.18, reflecting an increase of approximately 14-15% [1].

Intuit's stock carries a Zacks Rank #3 (Hold) at present, reflecting the company's performance relative to other stocks in the industry. However, the company's strong Q4 results and positive outlook suggest potential growth opportunities for investors [1].

References:
[1] https://www.nasdaq.com/articles/intuit-q4-earnings-surpass-estimates-revenues-increase-y-y
[2] https://investors.intuit.com/news-events/press-releases/detail/1266/intuit-reports-strong-fourth-quarter-and-full-year-fiscal-2025-results-sets-fiscal-2026-guidance-with-double-digit-revenue-growth-and-continued-operating-margin-expansion