The corporate reporting period has is going.
Last week, 18 companies from the S&P 500 index reported.
Today we will consider Intuit. Its revenue is $7.7B. It grew by +5.9% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +2.5%. Let’s analyze the company’s business in more detail.
Intuit is an American company known as a provider of accounting and financial services software. Intuit also owns such brands as TurboTax, QuickBooks, Mint, and Credit Karma.
Intuit’s revenue increased by +15% compared to the same quarter last year. During the reporting quarter, the company repurchased $754M worth of shares and $2.8B remains in the company’s share repurchase reserve for the reporting year. The Board of Directors also received approval to pay a quarterly dividend of $1.04 per share, which will be paid on July 18, 2025. This is +16% more per share compared to the same period last year.
14% of the revenue structure is made up of manufacturing costs, and 86% is gross profit. For the last quarter, the company earned a profit of $2.8B and its market capitalization is $201B.
After the publication of the report, Intuit shares rose by +9.2% to reach $720 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
