Filing Flows › Intuit (INTU) › Q3 FY25
Intuit (INTU) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 22, 2025
Intuit (INTU) reported revenue of $7.8B for the third quarter fiscal 2025 (Q3 FY25), +15% from a year earlier and +96% from the quarter before. Operating margin was 48.0%, net earnings $2.8B (36.4% of revenue).
Intuit, Q3 FY25: revenue $7.8B (+15% year over year), operating margin 48.0%, net earnings $2.8B, operating cash flow $4.4B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.8B | +96% | +15% |
| Operating profit | $3.7B | +527% | +20% |
| Net earnings | $2.8B | +499% | +18% |
| Operating cash flow | $4.4B | +311% | +11% |
| Free cash flow | $4.4B | +320% | +12% |
What changed
Revenue was $7.8B in Q3 FY25, up 15% year over year and up 96% from the previous quarter. Service was the largest line at 90% of revenue. Service added $0.92B year over year (up 15%), 91% of the total change.
Operating profit was $3.7B, a 48.0% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 46% margin then. Total costs grew 11% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $2.8B, up 18% year over year. The effective tax rate was 23.5%.
Operating cash flow was $4.4B (up 11% year over year), 156% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.47B of share-based compensation. Working capital and other items added $0.94B. Capital expenditures of $0.04B left free cash flow of $4.4B.
Questions
What was Intuit's revenue in the third quarter fiscal 2025?
Intuit (INTU) reported revenue of $7.8B for the third quarter fiscal 2025 (Q3 FY25), +15% from a year earlier and +96% from the quarter before.
Was Intuit profitable in the third quarter fiscal 2025?
Operating profit was $3.7B (48.0% of revenue) and net earnings $2.8B.
Source: Intuit 10-Q on SEC EDGAR.