Intuit Reports Strong Q4 Results but Forecasts Lower Q1 Growth Amid Mailchimp Challenges

Intuit forecasts first-quarter revenue growth below estimates, shares fall

Aug 21 (Reuters) - Intuit (INTU.O), opens new tab forecast first-quarter revenue growth below analysts' estimates on Thursday, a sign of sluggish performance at its marketing platform Mailchimp, sending its shares down nearly 6% in extended trading. The Mountain View, California-based company's board approved a new $3.2 billion share buyback, lifting total repurchase authorization to $5.3 billion. The company provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. Mailchimp, acquired by Intuit in 2021, is currently experiencing challenges that are impacting the company's growth in its Global Business Services segment. CFO Sandeep Aujla told Reuters that Mailchimp is a near-term drag on growth, but the company has initiatives underway and expects it to be performing well by the year-end. With the launch of AI agents -- systems capable of taking actions on behalf of users -- for its QuickBooks portfolio, Intuit also raised the prices of its QuickBooks Online and Payroll subscription services last month. Intuit expects fiscal 2026 revenue to be between $21 billion and $21.19 billion, largely in line with analysts' average estimate of $21.12 billion, according to data compiled by LSEG. For the fiscal year, its adjusted profit per share forecast of $22.98 to $23.18 was also broadly in line with estimates of $23. The company's projection for first-quarter revenue growth of 14% to 15% came in below estimates of 16.1% growth. Intuit forecast adjusted earnings per share of $3.05 to $3.12 for the first quarter, compared with estimates of $3.07. The fourth-quarter revenue grew 20% to $3.83 billion, beating estimates of $3.75 billion. The adjusted EPS of $2.75 also exceeded estimates of $2.66. Reporting by Jaspreet Singh in Bengaluru; Editing by Mohammed Safi Shamsi Our Standards: The Thomson Reuters Trust Principles., opens new tab

Intuit forecasts quarterly revenue growth below estimates as Mailchimp lags

Aug 21 (Reuters) - Intuit (INTU.O), opens new tab forecast first-quarter revenue growth below analysts' estimates on Thursday, hit by sluggish performance at its marketing platform Mailchimp, sending the shares down nearly 6% in extended trading. The company provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. Mailchimp, acquired in 2021 and housed within Intuit's Global Business Solutions unit, saw its fourth-quarter revenue decline slightly, the company said. CFO Sandeep Aujla told Reuters that Mailchimp is a near-term drag on growth, but the company has initiatives underway and expects it to be performing well by the year-end. "The small businesses are the bread and butter of Mailchimp," Aujla said, adding they found it "a bit harder to use", which hurts retention and expansion. Intuit has largely completed the shift from QuickBooks Desktop licenses to subscriptions and closed the pricing gap with QuickBooks Online, resulting in slower Desktop growth. Excluding Mailchimp, the revenue growth slowdown is due to lower contribution from price increases expected in fiscal 2026, particularly in Desktop, the company said. With the launch of AI agents -- systems capable of taking actions on behalf of users -- for its QuickBooks portfolio, Intuit also raised the prices of its QuickBooks Online and Payroll subscription services last month. "Every time we do a price change, we realize that we were too conservative, but customer attrition ends up being below our expectations," Aujla said. Intuit expects fiscal 2026 revenue to be between $21 billion and $21.19 billion, largely in line with analysts' average estimate of $21.12 billion, according to data compiled by LSEG. Its annual adjusted profit per share forecast of $22.98 to $23.18 was also broadly in line with estimates of $23. The company's projection for first-quarter revenue growth of 14% to 15% came in below estimates of 16.1% growth. Intuit forecast adjusted earnings per share of $3.05 to $3.12 for the quarter, compared with estimates of $3.07. The fourth-quarter revenue grew 20% to $3.83 billion, beating estimates of $3.75 billion. The adjusted EPS of $2.75 also exceeded estimates of $2.66. Additionally, Intuit's board approved a new $3.2 billion share buyback, lifting total repurchase authorization to $5.3 billion. Reporting by Jaspreet Singh in Bengaluru; Editing by Mohammed Safi Shamsi Our Standards: The Thomson Reuters Trust Principles., opens new tab

Intuit Q4 Revenue Jumps 20 Percent | The Motley Fool

Intuit(INTU -0.20%) reported fourth-quarter fiscal 2025 results on August 21, 2025, highlighting full-year revenue growth of 16% in FY2025, Q4 revenue growth of 20% to $3.8 billion, GAAP operating income of $339 million in Q4 (versus a prior-year loss), and non-GAAP diluted EPS up 38% in Q4. Management emphasized breakthrough adoption of AI-powered business and tax solutions, robust mid-market and Credit Karma performance, and reiterated guidance for double-digit revenue growth and margin expansion in FY2026. Fiscal year 2025 saw the company introduce a comprehensive, AI-powered platform integrating "done-for-you" business agents, which contributed to engagement from millions of customers within a month of its July FY2025 launch. The company accelerated mid-market traction with Intuit Enterprise Suite, targeting a $89 billion total addressable market (TAM) and driving approximately 40% year-over-year revenue growth in the mid-market online ecosystem for FY2025. "Last month, we launched a transformative virtual team of AI agents that complete jobs on behalf of our customers, dramatically improving how businesses run and grow. Combined with our AI-enabled human expert, these agents are automating workflows and proactively delivering real-time insights to improve cash flow and fuel growth. Our redesigned user interface and new business feed highlight these real-time insights and tasks completed by agents on behalf of the customer. We are seeing strong traction since the launch last month, with customer engagement in the millions and repeat usage rates significantly above our expectation, demonstrating the value that we are providing to our customers." -- Sasan Goodarzi, CEO This leap in user activation and workflow automation strengthens Intuit's competitive defensibility by embedding its platform deeper into core customer operations, increasing customer lifetime value and tech stack consolidation opportunities. U.S. mid-market customer growth reached 23% year-over-year in FY2025. The number of new build customers in Q4 was up nearly 2x versus Q3 and achieved successful large-scale deployments, including one client with 200 entities. Average revenue per customer (ARPC) in the online ecosystem accelerated to 14% growth in FY2025, reflecting a shift toward serving more complex, higher-value clients. "The total number of new build customers in Q4 was up nearly 2x versus Q3, with successful adoption by some very large customers, including one customer with over 200 entities that is also using payroll and payments. As we head into fiscal year 2026, we are nearing the one-year mark of launching Intuit Enterprise Suite, and I am proud of the progress we have made with both our product and our go-to-market strategy, which positions us to penetrate the $89 billion mid-market TAM." -- Sasan Goodarzi, CEO Diversification into mid-market segments materially expands Intuit's runway for growth and ARPC. TurboTax Live revenue grew 47% year-over-year in FY2025, far exceeding the company's long-term TurboTax Live revenue growth target of 15%-20% and driving a 10% overall increase in consumer segment revenue in FY2025, an acceleration compared to the prior fiscal year. Credit Karma revenue surged 32% in FY2025 and 34% in Q4, contributing an incremental point to total tax revenue in FY2025 by facilitating cross-platform engagement between TurboTax and Credit Karma. "Consumer group revenue grew 10%, more than a two-point acceleration from last year. This was driven by breakthrough adoption of TurboTax Live, which grew 47%, well above our long-term expectation of 15% to 20% revenue growth. This is the power of bringing data, AI, and human intelligence together to provide better experiences for customers. Credit Karma grew 32% this year and also drove a point of tax revenue growth as we delivered a seamless customer experience across TurboTax and Credit Karma." -- Sasan Goodarzi, CEO Robust cross-sell performance and the scalability of digital expert experiences validate Intuit's platform strategy, reinforcing durable consumer revenue growth beyond seasonality and single-product dependence. Management projects FY2026 total revenue of $21.0 billion to $21.2 billion, representing 12%-13% growth. Global Business Solutions Group revenue is expected to grow 14%-15% (15.5%-16.5% excluding Mailchimp) in FY2026, and double-digit revenue growth is targeted in Credit Karma and TurboTax Live for FY2026. GAAP diluted EPS is forecast at $15.49 to $15.69 (13%-15% growth) for FY2026, and non-GAAP EPS is projected at $22.98 to $23.18 (14%-15% growth) for FY2026. Mailchimp is projected to exit FY2026 with double-digit growth, and long-term growth outlooks for all major segments were reiterated.

Intuit 4Q Sales Jump, Expects Gains to Continue

Intuit sales rose by a fifth in its latest quarter, boosted by growth across each of its segments, and it expects double-digit revenue gains to continue. The tax preparation software maker on Thursday posted a profit of $381 million, or $1.35 a share, compared with a loss of $20 million, or 7 cents a share, in the prior-year period. Adjusted earnings came in at $2.75 a share, topping the $2.66 modeled by analysts polled by FactSet. Revenue climbed 20% to $3.83 billion, ahead of analyst estimates for $3.74 billion, according to FactSet. By segment, Intuit's global business solutions group grew 18% to $3 billion and online ecosystem revenue increased 21% to $2.2 billion. Credit Karma revenue jumped 34% to $649 million, while consumer group revenue rose 21% to $137 million. Chief Financial Officer Sandeep Aujla said the company delivered strong results across the recent fiscal year as it drove higher adoption for its assisted tax platform, introduced artificial intelligence agents on its business platform and built its offerings for mid-market businesses. "We are proud of our progress across the big bets that delivered accelerated growth," Aujla said. Last month, the company launched a set of AI agents on its business platform that aim to automate functions across customer relationship management, financial analysis, payments and accounting. For the current fiscal year, which ends July 31, the company forecasts revenue of about $21 billion to $21.2 billion and adjusted earnings per-share between $22.98 to $23.18. Analysts expect revenue of $21.1 billion and adjusted earnings of $23.02 a share. For the fiscal first quarter, Intuit expects revenue growth of about 14% to 15% and adjusted earnings per-share of $3.05 to $3.12. Analysts polled by FactSet forecast revenue to grow 16% to $3.8 billion and adjusted earnings of $3.07 a share.

Intuit forecasts first-quarter revenue growth below estimates

(Corrects to remove extraneous words from paragraphs 1 and 5) (Reuters) -Intuit forecast first-quarter revenue growth below analysts' estimates on Thursday, indicating sluggish performance at its marketing platform Mailchimp. The Mountain View, California-based company's board approved a new $3.2 billion share buyback, lifting total repurchase authorization to $5.3 billion. The company provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. Mailchimp, acquired by Intuit in 2021, is currently experiencing challenges that are impacting the company's growth in the Global Business Services segment. "The one area that we call out, which is a near term temperament to growth, is Mailchimp, but we have plans to make sure that scores correctly, and that's exiting the year at good pace," CFO Sandeep Aujla told Reuters. With the launch of AI agents -- systems capable of taking actions on behalf of users -- for its QuickBooks portfolio, Intuit also raised the prices of its QuickBooks Online and Payroll subscription services last month. Intuit expects fiscal 2026 revenue to be between $21 billion and $21.19 billion, largely in line with analysts' average estimate of $21.12 billion, according to data compiled by LSEG. For the fiscal year, its adjusted profit per share forecast of $22.98 to $23.18 was also broadly in line with estimates of $23. The company's projection for first-quarter revenue growth of 14% to 15% came in below estimates of 16.1% growth. Intuit forecast adjusted earnings per share of $3.05 to $3.12 for the first quarter, compared with estimates of $3.07. The fourth quarter revenue grew 20% to $3.83 billion, beating estimates of $3.75 billion. The adjusted EPS of $2.75 also exceeded estimates of $2.66. (Reporting by Jaspreet Singh in Bengaluru; Editing by Mohammed Safi Shamsi)

Intuit 4Q Sales Jump 20%, Expects Slower Growth Ahead -- Update

Intuit sales rose by a fifth in its latest quarter, boosted by growth across each of its segments, but forecast slower sales gains going forward, sending shares lower in late trading. The tax preparation software company on Thursday said it expects sales growth between 14% and 15% in the current fiscal first quarter, below growth rates expected by Wall Street analysts, and total sales to grow between 12% and 13% for the current fiscal year. Shares fell 6.1% in late trading to $655.30. The stock had been up about 11% this year through Thursday's close. The outlook came as the company swung to a profit of $381 million, or $1.35 a share, in the fiscal fourth quarter, compared with a loss of $20 million, or 7 cents a share, in the prior-year period. Adjusted earnings came in at $2.75 a share, topping the $2.66 modeled by analysts polled by FactSet. Revenue climbed 20% to $3.83 billion, ahead of analyst estimates for $3.74 billion, according to FactSet. By segment, Intuit's global business solutions group grew 18% to $3 billion and online ecosystem revenue increased 21% to $2.2 billion. Credit Karma revenue jumped 34% to $649 million, while consumer group revenue rose 21% to $137 million. Chief Financial Officer Sandeep Aujla said the company delivered strong results across the recent fiscal year as it drove higher adoption for its assisted tax platform, introduced artificial intelligence agents on its business platform and built its offerings for mid-market businesses. "We are proud of our progress across the big bets that delivered accelerated growth," Aujla said. Last month, the company launched a set of AI agents on its business platform that aim to automate functions across customer relationship management, financial analysis, payments and accounting. For the current fiscal year, which ends July 31, the company forecasts revenue of about $21 billion to $21.2 billion and adjusted earnings per-share between $22.98 to $23.18. Analysts expect revenue of $21.1 billion and adjusted earnings of $23.02 a share. For the fiscal first quarter, Intuit expects adjusted earnings per-share of $3.05 to $3.12. Analysts polled by FactSet forecast adjusted earnings of $3.07 a share.