Intuit Reports 19% Revenue Growth in Q2 of Fiscal 2025

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — Intuit Inc. (Nasdaq: INTU), the global financial technology platform, reported a 19% increase in revenue for its Global Business Solutions Group during the second quarter of fiscal 2025, which concluded on January 31. The tech giant’s financial results were announced on February 25, 2025, highlighting continued strength driven by its AI-powered services.

Intuit’s revenue for the quarter reached $3.963 billion, a notable rise from $3.386 billion in the same period the previous year. Operating income for the quarter stood at $593 million, representing a 61% increase from $369 million in Q2 of FY24. Earnings per share also saw a boost, climbing 34% to $1.67 from $1.25.

“We are making great progress fueling the financial success of consumers, businesses, and accountants with our AI-driven expert platform,” said Sasan Goodarzi, Intuit’s Chief Executive Officer. “Intuit Assist is delivering ‘done-for-you’ experiences to complete tasks, automate end-to-end workflows, and connect customers to AI-powered human experts, powering their prosperity.”

Intuit’s performance breakdown for Q2 included significant contributions from various segments. The Global Business Solutions Group reported revenues of $2.7 billion, marking a 19% increase, while the Online Ecosystem revenue grew by 21% to $2.0 billion. Credit Karma, another segment under Intuit, experienced a growth of 36% to $511 million, aided by improvements in credit card offerings, personal loans, and auto insurance.

“We delivered very strong second quarter fiscal 2025 results as we leverage AI to deliver breakthrough experiences for our customers and increase productivity across our platform,” stated Sandeep Aujla, Chief Financial Officer of Intuit. He also reaffirmed the company’s commitment to double-digit revenue growth and expanding margins for the fiscal year.

For the full fiscal year 2025, Intuit reiterated its earnings guidance and projected third-quarter revenue expectations ranging between $7.55 billion and $7.6 billion. The operating income is anticipated to be between $3.46 billion and $3.48 billion.

Investors and analysts can gain more insights during a conference call scheduled at 1:30 p.m. Pacific time on February 25. The call is accessible live while a recording will be available on the company’s website for one week post-call.

The latest results underscore Intuit’s ongoing efforts to innovate and enhance its product offerings amidst current economic challenges and competition in the fintech industry. The firm emphasizes providing diverse financial solutions, with a commitment to prosperity for its global customer base.

For more detailed information on the financial highlights and future guidance, Intuit has made available tables and explanations of its non-GAAP financial measures on its investor relations page.

Contact for media inquiries:

Kim Watkins, Intuit Inc., (650) 944-3324

Kali Fry, Intuit Inc., (650) 944-3036