Intuit Q2 Revenue Jumps 17% to $4.65B, EPS Beats Estimates at $4.15
Intuit’s Q2 revenue rose 17% year-on-year to $4.65B with non-GAAP EPS of $4.15, 25% above the prior year and exceeding analyst estimates. Global Business Solutions revenue climbed 18% to $3.2B and Consumer revenue increased 15% to $1.5B while the company reiterated full-year revenue guidance of $21.0B–$21.2B and raised its quarterly dividend 15% to $1.20 per share.
1. Q2 Financial Performance
Intuit delivered Q2 revenue of $4.651 billion, a 17% increase year-over-year, driven by strong subscription and service sales. Non-GAAP earnings per share reached $4.15, up 25% from $3.32 a year earlier, marking a 12.7% beat versus consensus.
2. Segment Highlights
Global Business Solutions revenue grew 18% to $3.2 billion, led by 24% growth in QuickBooks Online and robust payroll and money management services. Consumer revenue rose 15% to $1.5 billion, supported by a 23% increase at Credit Karma and 12% growth at TurboTax.
3. Capital Allocation and Guidance
The company repurchased $961 million of stock and increased its quarterly dividend by 15% to $1.20 per share, reflecting confidence in cash flow strength. Management reiterated full-year revenue guidance of $20.997 billion to $21.186 billion (12–13% growth) and non-GAAP EPS guidance of $22.98 to $23.18.