"We are delivering very strong results in Q2 with revenue growth of 17%, and we are off to a great start in tax." - Sasan Goodarzi
— Sasan Goodarzi
03Detailed Report
INTU
Intuit Inc
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 5, 2026
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Executive Summary
Intuit Inc (NASDAQ: INTU) delivered impressive financial results for the second quarter of fiscal 2025, reporting a 17% increase in revenue to $3.963 billion. This performance is attributed to robust growth across its business segments, driven by advances in AI capabilities and strategic marketing campaigns. Key highlights include significant gains in the online ecosystem, with QuickBooks Online Accounting revenue soaring by 22%. The company maintains guidance for the year with expectations of double-digit revenue growth and margin expansion, bolstered by AI initiatives and strong preliminary tax season performance. Management is optimistic about sustaining this momentum through the remainder of the fiscal year.
Key Performance Indicators
Revenue
Increasing
3.96B
QoQ: 20.71% | YoY: 17.04%
Gross Profit
Increasing
3.03B
76.36% margin
QoQ: 23.01% | YoY: 19.56%
Operating Income
Increasing
593.00M
QoQ: 118.82% | YoY: 60.70%
Net Income
Increasing
471.00M
QoQ: 139.09% | YoY: 33.43%
EPS
Increasing
1.68
QoQ: 140.00% | YoY: 33.33%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance:
- Total Q2 2025 Revenue: $3.963 billion (up 17% YoY, 20.71% QoQ)
- Q2 2025 Gross Profit: $3.026 billion (Gross Profit Margin of 76.4%)
- Operating Income: $593 million (up 61% YoY; Operating Income Margin of 14.9%)
- Net Income: $471 million (up 33% YoY; Net Income Margin of 11.8%)
- EPS: $1.68 (up 33% YoY)
Profitability:
- Non-GAAP operating income of $1.3 billion, an increase of 26% YoY
- Free cash flow of $1.038 billion, reflecting effective cash management.
Cash Flow and Balance Sheet:
- Ending cash position of approximately $2.5 billion
- Long-term debt of $6.3 billion
- Robust cash flow from operations at $1.069 billion
The operational efficiency, fueled by AI implementation, led to a decrease in operational costs, allowing for effective margin expansion despite increased investment in R&D and marketing.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
3.96B
17.04%
20.71%
Gross Profit
3.03B
19.56%
23.01%
Operating Income
593.00M
60.70%
118.82%
Net Income
471.00M
33.43%
139.09%
EPS
1.68
33.33%
140.00%
Key Financial Ratios
Gross Profit Margin
Excellent
76.40%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Good
15.00%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
11.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
1.49%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.62%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.27
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.38
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
High Growth
89.40x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
High Premium
9.38x
Very high premium suggests asset-light business model or lofty expectations
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