Filing Flows › Intuit (INTU) › Q2 FY25
Intuit (INTU) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 25, 2025
Intuit (INTU) reported revenue of $4.0B for the second quarter fiscal 2025 (Q2 FY25), +17% from a year earlier and +21% from the quarter before. Operating margin was 15.0%, net earnings $471M (11.9% of revenue).
Intuit, Q2 FY25: revenue $4.0B (+17% year over year), operating margin 15.0%, net earnings $471M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +21% | +17% |
| Operating profit | $593M | +119% | +61% |
| Net earnings | $471M | +139% | +33% |
| Operating cash flow | $1.1B | +195% | +74% |
| Free cash flow | $1.0B | +216% | +89% |
What changed
Revenue was $4.0B in Q2 FY25, up 17% year over year and up 21% from the previous quarter. Service was the largest line at 82% of revenue. Service added $0.56B year over year (up 21%), 96% of the total change.
Operating profit was $0.59B, a 15.0% margin (up 4.1 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 11% margin then. Total costs grew 12% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+18%). Net earnings were $0.47B, up 33% year over year. The effective tax rate was 17.5%.
Operating cash flow was $1.1B (up 74% year over year), 227% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.50B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.03B left free cash flow of $1.0B.
Questions
What was Intuit's revenue in the second quarter fiscal 2025?
Intuit (INTU) reported revenue of $4.0B for the second quarter fiscal 2025 (Q2 FY25), +17% from a year earlier and +21% from the quarter before.
Was Intuit profitable in the second quarter fiscal 2025?
Operating profit was $593M (15.0% of revenue) and net earnings $471M.
Source: Intuit 10-Q on SEC EDGAR.