TLDR
- INTU jumps on Q2 beat, then slips after hours despite solid guidance
- Revenue +17% and EPS surges, with QuickBooks and Credit Karma leading
- Operating income climbs as AI tools boost momentum across major platforms
- Buybacks and a higher dividend highlight confidence, but AH trading dips
- Strong segment growth and steady outlook keep Intuit’s full-year targets intact
Intuit (INTU) shares ended the regular session higher as its latest quarterly numbers showed firm revenue growth and strong earnings momentum. The stock closed at $394.42 with a 3.46% gain before falling 3.40% in after-hours trading. The move followed new financial results that highlighted expanding demand across major business lines.
Revenue Growth Strengthens Core Business Performance
Intuit posted second-quarter revenue of $4.7 billion and delivered a 17% increase from the prior year. The company expanded performance across software categories, and the quarter reflected consistent adoption of its financial tools. Steady gains across digital services supported the wider jump in operating income.
GAAP operating income reached $855 million and rose 44% compared to last year. Non-GAAP operating income climbed to $1.5 billion and grew 23% during the quarter. Earnings per share increased sharply as diluted GAAP EPS reached $2.48 and advanced 49 percent.
The company sustained progress across its major platforms, and the results aligned with its long-term growth strategy. Online Ecosystem revenue reached $2.5 billion and rose 21% in the period. Global Business Solutions contributed $3.2 billion and delivered an 18% advance.
Segment Momentum Builds as AI-Native Tools Expand
The Consumer segment continued to support strong revenue gains and produced $1.5 billion for the quarter. Credit Karma generated $616 million and grew 23% through strength in lending and credit categories. TurboTax delivered $581 million and grew 12% as seasonal activity expanded.
QuickBooks Online Accounting revenue rose 24% which reflected customer growth and higher effective prices. Online Services advanced 18% and benefited from payroll and money offerings. International online revenue rose 9% on a constant currency basis.
The company reinforced its focus on AI-native products and continued to scale automated features across business and consumer platforms. These tools aim to enhance workflow and streamline financial tasks for broader user groups. This strategy supported continued traction across mid-market enterprise solutions.
Capital Moves and Updated Outlook Support Full-Year Targets
Intuit ended the period with $3.0 billion in cash and investments while managing $6.2 billion in debt. The company secured a temporary credit facility to fund early tax refund offerings and later closed the agreement. It also activated a new five-year unsecured credit facility for general corporate needs.
The company repurchased $961 million in stock and retained $3.5 billion under its authorization. It also declared a quarterly dividend of $1.20 per share payable in April. This payout marked a 15% increase from the same quarter last year.
Intuit reaffirmed its full-year guidance and expects revenue of up to $21.186 billion. It projected GAAP operating income growth of up to 19 % and maintained its EPS outlook. The company anticipates third-quarter revenue growth of around 10% as activity remains firm.
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