Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
Intuit Reports Strong Q3 Results, Revenue Up 10% to $8.6 Billion
Intuit CEO Sasan Goodarzi said the company delivered strong third-quarter results, driven by its AI-focused expert platform strategy.
> “We delivered strong third-quarter results, driven by our AI-driven expert platform strategy. We have ignited significant growth engines across the company including disrupting the assisted tax segment, expanding our money portfolio and serving mid-market businesses that are growing north of 30 percent,” said Sasan Goodarzi, chairman and chief executive officer of Intuit. > > “The powerful combination of Intuit’s proprietary data, domain-specific AI platform capabilities, and AI-powered human expertise is setting the standard for trusted financial intelligence. As we look ahead, we are further scaling our growth engines and architecting an organization that operates with greater velocity to deliver durable long-term growth.”
Financial Highlights
For the third quarter, Intuit reported:
- Total revenue: $8.6 billion, up 10%
- Consumer revenue: $5.3 billion, up 8%
- TurboTax revenue: $4.4 billion, up 7%
- Credit Karma revenue: $631 million, up 15%
- ProTax revenue: $278 million, flat compared to fiscal 2025
- Global Business Solutions revenue: $3.3 billion, up 15%
- Online Ecosystem revenue: $2.5 billion, up 19%
- Global Business Solutions revenue excluding Mailchimp: up 17%
- Online Ecosystem revenue excluding Mailchimp: up 22%
- GAAP operating income: $4.0 billion, up 8%
- Non-GAAP operating income: $4.7 billion, up 8%
- GAAP diluted EPS: $11.09, up 11%
- Non-GAAP diluted EPS: $12.80, up 10%
Overall, Intuit’s quarter was led by growth in TurboTax, Credit Karma and its Global Business Solutions segment, with the company continuing to emphasize AI-powered financial services and expert-assisted products as major long-term growth drivers.