Intuit Surges to 13th in Trading Volume with $3.84 Billion Day

On May 23, 2025, Intuit's trading volume reached $3.84 billion, marking a 148.55% increase from the previous day, placing it 13th in the day's trading volume rankings. The company's stock price rose by 8.12%, marking the second consecutive day of gains, with a total increase of 9.11% over the past two days.

Intuit's fiscal third-quarter earnings report exceeded Wall Street expectations, with net income reaching $2.82 billion and adjusted earnings per share at $11.65. The company's revenue for the period was $7.75 billion, surpassing analyst forecasts of $7.54 billion. Intuit's strategic focus on AI innovations and expanding its customer base were highlighted as key growth drivers. The company anticipates GAAP operating income growth of 35% and non-GAAP operating income growth of 18%.

Intuit's Smart Insights engine, which is embedded deeper into its platforms, helps small businesses with financial management. The company's positive outlook and strong earnings performance have contributed to its recent stock price surge. Intuit expects its per-share earnings to range from $2.63 to $2.68 for the current quarter ending in July, with revenue ranging from $3.72 billion to $3.76 billion. For the full year, Intuit projects earnings between $20.07 and $20.12 per share, with revenue between $18.72 billion and $18.76 billion.