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AI brief of an SEC Form 8-K · Intuit (INTU)

Intuit Q1 revenue rises 10% to $3.3 billion; GAAP EPS falls to $0.70 from $0.85

Mixed Impact 3 of 5 earnings Written later

Intuit reported fiscal first-quarter 2025 results for the period ended October 31, 2024, with revenue up 10% to $3.3 billion while GAAP diluted earnings per share fell 18% to $0.70. Non-GAAP diluted EPS rose 1% to $2.50. The company reiterated its full fiscal 2025 guidance and approved a quarterly dividend of $1.04 per share, up 16% from a year earlier.

Key points

  • Revenue of $3.3 billion, up 10%; Global Business Solutions Group revenue of $2.5 billion, up 9%; Credit Karma revenue of $524 million, up 29%.
  • GAAP operating income fell 12% to $271 million, including a $9 million restructuring charge and a $42 million net loss on a private company investment.
  • Full fiscal 2025 guidance reiterated; second-quarter guidance calls for revenue of $3.812 billion to $3.845 billion and non-GAAP diluted EPS of $2.55 to $2.61.
  • Quarterly dividend of $1.04 per share payable January 17, 2025, to holders of record as of January 9, 2025.

The filing

CompanyIntuit (INTU)
Form8-K, current report
Filed with the SECNov 21, 2024, 4:07 PM ET
Accession number0000896878-24-000051

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 21, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.