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

Intuit's Q4 2025 Performance Exceeds Expectations

Intuit, the company behind popular financial software products like TurboTax, QuickBooks, and Credit Karma, reported impressive fourth-quarter results for fiscal year 2025. The company's revenue grew by 20% to $3.83 billion, surpassing analysts' estimates of $3.75 billion 1

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. Adjusted earnings per share (EPS) also beat expectations, coming in at $2.75 compared to the estimated $2.66 1

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AI Integration and Mid-Market Expansion Drive Growth

A key factor in Intuit's strong performance has been its focus on integrating artificial intelligence (AI) into its products. In July 2025, the company launched a comprehensive AI-powered platform featuring "done-for-you" business agents 3

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. This initiative has seen significant adoption, with customer engagement reaching millions within the first month of launch 3

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Intuit has also made strides in expanding its presence in the mid-market segment. The company's Intuit Enterprise Suite, targeting an $89 billion total addressable market (TAM), drove approximately 40% year-over-year revenue growth in the mid-market online ecosystem for FY2025 3

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. U.S. mid-market customer growth reached 23% year-over-year, with the number of new build customers in Q4 nearly doubling compared to Q3 3

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Segment Performance and Future Outlook

Intuit's various segments showed strong growth in FY2025:

1. Global Business Solutions Group: Revenue grew 18% to $3 billion 4

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2. Online Ecosystem: Revenue increased 21% to $2.2 billion 4

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3. Credit Karma: Revenue jumped 34% to $649 million 4

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4. Consumer Group: Revenue rose 21% to $137 million 4

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For fiscal year 2026, Intuit projects total revenue between $21.0 billion and $21.2 billion, representing 12%-13% growth 3

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. The company expects Global Business Solutions Group revenue to grow 14%-15% (15.5%-16.5% excluding Mailchimp) and anticipates double-digit revenue growth in Credit Karma and TurboTax Live 3

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Challenges with Mailchimp and Q1 2026 Forecast

Despite the overall positive results, Intuit faces challenges with its marketing platform Mailchimp, acquired in 2021. Mailchimp's performance is currently impacting the company's growth in the Global Business Services segment 5

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. CFO Sandeep Aujla acknowledged that Mailchimp is a "near-term drag on growth" but expressed confidence in ongoing initiatives to improve its performance by year-end 2

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Partly due to these challenges, Intuit's forecast for first-quarter fiscal 2026 revenue growth of 14% to 15% falls below analysts' estimates of 16.1% growth 1

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. The company projects adjusted earnings per share of $3.05 to $3.12 for the first quarter, compared to estimates of $3.07 1

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Strategic Moves and Shareholder Value

In a move to enhance shareholder value, Intuit's board approved a new $3.2 billion share buyback, increasing the total repurchase authorization to $5.3 billion 5

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. This decision, coupled with the company's strong performance and strategic initiatives, underscores Intuit's commitment to long-term growth and shareholder returns.

As Intuit navigates the challenges with Mailchimp and continues to innovate with AI-powered solutions, the company remains optimistic about its future prospects in the evolving financial technology landscape.