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$INTU (+0,7ย %) | Intuit Q1 Earnings Highlights:


๐Ÿ”น Adjusted EPS: $2.50 (Est. $2.35) ๐ŸŸข

๐Ÿ”น Revenue: $3.28B (Est. $3.14B) ๐ŸŸข; UP +10% YoY


Q2 Guidance:

๐Ÿ”น Revenue: $3.81B-$3.85B (Est. $3.88B) ๐Ÿ”ด; UP +13-14% YoY

๐Ÿ”น Adjusted EPS: $2.55-$2.61 (Est. $3.25) ๐Ÿ”ด


FY25 Guidance:

๐Ÿ”น Revenue: $18.16B-$18.35B (Est. $18.26B) ๐ŸŸก; UP +12-13% YoY

๐Ÿ”น Non-GAAP Operating Income: $7.24B-$7.32B; UP +13-14% YoY

๐Ÿ”น Non-GAAP EPS: $19.16-$19.36; UP +13-14% YoY


OTHER Q1 METRICS:

๐Ÿ”น Service Revenue: $2.89B

๐Ÿ”น Product/Other Revenue: $394M

๐Ÿ”น GAAP Net Income: $197M; DOWN -18% YoY

๐Ÿ”น Non-GAAP Operating Income: $953M; DOWN -1% YoY

๐Ÿ”น R&D Expenses: $704M (Est. $722.6M) ๐ŸŸก


Q1 SEGMENTS:

Global Business Solutions Group:

๐Ÿ”น Revenue: $2.50B; UP +9% YoY

๐Ÿ”น Online Ecosystem Revenue: $1.90B (Est. $1.97B) ๐Ÿ”ด; UP +20% YoY

๐Ÿ”น Desktop Ecosystem Revenue: $480M (Est. $580.7M) ๐Ÿ”ด; DOWN -17% YoY


๐Ÿ”ธ Credit Karma Revenue: $524M (Est. $430M) ๐ŸŸข; UP +29% YoY

๐Ÿ”ธ Consumer Group Revenue: $176M (Est. $168.6M) ๐ŸŸข; DOWN -6% YoY

๐Ÿ”ธ ProTax Group Revenue: $39M (Est. $37.6M) ๐ŸŸก; DOWN -7% YoY


Profitability Metrics:

๐Ÿ”น GAAP Operating Income: $271M; DOWN -12% YoY

๐Ÿ”น GAAP EPS: $0.70; DOWN -18% YoY

๐Ÿ”น Non-GAAP Operating Margin: 29.0% (Est. 28.6%) ๐ŸŸก


Cash Flow and Balance Sheet:

๐Ÿ”น Cash & Investments: $3.4B

๐Ÿ”น Total Debt: $6.1B

๐Ÿ”น Share Repurchases: $570M

๐Ÿ”น Quarterly Dividend: $1.04 per share (+16% YoY)


Management Commentary:

๐Ÿ”ธ CEO Sasan Goodarzi:

"We've had a strong start to the year as we demonstrate the power of Intuit's AI-driven expert platform strategy. By delivering 'done-for-you' experiences enabled by AI, we continue to fuel the success of consumers and businesses."

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