Intuit (INTU) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Intuit reported Q3 2025 revenue of $7.75 billion, a 15.1% increase year-over-year, and EPS of $11.65, up from $9.88 in the prior year, exceeding Zacks Consensus Estimates by 2.78% and 6.98% respectively. Key metrics showed strong growth in Credit Karma (+30.7%) and QuickBooks Desktop Accounting (+31.2%), while overall performance in Global Business Solutions and Consumer segments also contributed to the positive results; however, Intuit's stock has underperformed the S&P 500 over the past month and carries a Zacks Rank #3, suggesting market-average performance in the near term.

Analysis

Intuit (INTU) reported robust financial results for its Q3 ended April 2025, with total revenue of $7.75 billion, marking a 15.1% year-over-year increase and surpassing the Zacks Consensus Estimate by 2.78%. Earnings per share (EPS) also demonstrated significant strength, recorded at $11.65, up from $9.88 in the comparable prior-year period and exceeding consensus estimates by 6.98%. Key driver performance was particularly strong in the Credit Karma segment, where revenue surged 30.7% year-over-year to $579 million, substantially outperforming the $430.66 million analyst forecast. Similarly, Net revenue from QuickBooks Desktop Accounting within the Global Business Solutions (GBS) segment grew an impressive 31.2% year-over-year to $442 million, also beating estimates. The Consumer segment delivered solid 10.8% year-over-year growth to $4.05 billion, and ProTax revenue increased 9.5% to $278 million, both exceeding analyst expectations. However, performance within the broader GBS segment, despite a strong 19.4% year-over-year revenue growth to $2.85 billion, slightly missed the $2.86 billion estimate. Several GBS sub-segments, including Total Online Ecosystem ($2.10B vs $2.14B est.), QuickBooks Online Accounting ($1.04B vs $1.06B est.), Desktop Services and Supplies ($304M vs $309.72M est.), and Online Services ($1.06B vs $1.08B est.), also fell short of analyst projections despite displaying healthy year-over-year growth. Reflecting a somewhat tempered market reaction, Intuit's stock has returned +10.7% over the past month, underperforming the Zacks S&P 500 composite's +13.4% gain. The stock currently carries a Zacks Rank #3 (Hold), indicating expectations of market-aligned performance in the near term.

Key Decisions for Investors

• Acknowledge Intuit's strong Q3 headline revenue and EPS growth, which beat consensus estimates, driven by notable outperformance in Credit Karma and QuickBooks Desktop Accounting.
• Monitor the Global Business Solutions segment closely, particularly its Online Ecosystem and QuickBooks Online Accounting sub-segments, as these areas missed analyst revenue estimates despite strong year-over-year growth, warranting scrutiny of their near-term trajectory and competitive positioning.
• Consider the stock's recent underperformance relative to the S&P 500 and its Zacks Rank #3 (Hold) rating, suggesting a balanced approach while evaluating future performance and execution in segments that marginally missed revenue expectations.