Intuit forecasts strong quarterly profit after tax season boost

May 22 (Reuters) - Intuit (INTU.O), opens new tab forecast fourth-quarter revenue and profit above Wall Street estimates on Thursday, signaling growing demand for its artificial intelligence-driven financial management tools and sending its shares up more than 5% in extended trading.
The tax filing season in the U.S. from January 27 to April 15 also helped the company report upbeat third-quarter results as many taxpayers used Intuit's software to file their federal income-tax returns.
Intuit provides financial management and compliance products such as its tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks.
The company said it would launch AI agents, systems which can take actions for users, in the coming weeks and add these agents into its QuickBooks product portfolio.
"These agents are going to be incorporated into the lineup... we are going to be revamping our lineup. There's going to be a new lineup, and as part of that, we will have price changes," CFO Sandeep Aujla told Reuters.
In addition to the core portfolio, there will be options where customers can choose specific agents based on their needs, such as an accounting agent or a finance agent, and pay for them separately, he said.
Intuit forecast fourth-quarter revenue between $3.72 billion and $3.76 billion, above analysts' average estimate of $3.51 billion, according to data compiled by LSEG.
Adjusted profit per share expectations of $2.63 to $2.68 for the quarter ending July 31 also beat estimates of $2.59.
Revenue for the third quarter ended April 30 rose 15% to $7.75 billion, beating estimates of $7.56 billion. The adjusted profit per share of $11.65 also exceeded estimates of $10.91.
Intuit also lifted fiscal 2025 forecasts. The company expects revenue growth of about 15%, up from its prior forecast of 12% to 13%.
The company said its total TurboTax Online units, number of individual online tax returns filed using the platform, are expected to decline about 1% in fiscal 2025, while the paying units are expected to grow 6%.
(This story has been refiled to correct a typo in paragraph 1)

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Super Cruise uses precise HD maps plus lidar-derived data to prompt takeover smoothly as fading lines approach. Autopilot's vision-only stack hesitates under glare, requiring manual steering with less warning. Sensor and Software Breakdown BlueCruise relies on forward cameras plus infrared driver-monitoring. It restricts hands-free to designated 'Blue Zones' (Ford publishes region maps). Eye-tracking ensures the driver watches the road. relies on forward cameras plus infrared driver-monitoring. It restricts hands-free to designated 'Blue Zones' (Ford publishes region maps). Eye-tracking ensures the driver watches the road. Super Cruise combines high-definition lidar-scanned maps with radar and camera data. An infrared sensor checks head position; hands off feels secure until map data detects new construction or unclear markings. combines high-definition lidar-scanned maps with radar and camera data. 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Hands-Free Safety: Crash Counts and Fatalities Compared GM's Super Cruise boasts over 160 million accident-free miles with no publicly documented fatal crashes under its engagement . Ford's BlueCruise has been implicated in approximately 32 reported crashes under NHTSA review, including two fatal collisions in Mustang Mach-E vehicles resulting in three deaths (NHTSA ODI, 2024) . Tesla's Autopilot has been involved in 956 reported crashes reviewed by NHTSA and is linked to 51 reported fatalities to date (NHTSA EA22-002, 2024). Enthusiasts should note that reporting criteria vary and ongoing probes may uncover further data, underscoring the importance of vigilance and understanding each system's limitations. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. 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Essential Metrics at a Glance BlueCruise : CR score 84; top IIHS safeguards; strict eye-tracking; 32 crashes and 3 fatalities, limited to Blue Zones (Consumer Reports, 2025; IIHS, 2023). : CR score 84; top IIHS safeguards; strict eye-tracking; 32 crashes and 3 fatalities, limited to Blue Zones (Consumer Reports, 2025; IIHS, 2023). Super Cruise : CR score 75; broad HD-map network; lidar+radar support; smooth prompts; zero crashes and zero fatalities (160 million accident-free miles), map updates via OTA/dealer (Consumer Reports, 2025; GM, 2024). : CR score 75; broad HD-map network; lidar+radar support; smooth prompts; zero crashes and zero fatalities (160 million accident-free miles), map updates via OTA/dealer (Consumer Reports, 2025; GM, 2024). Autopilot: CR score 61; vision-only stack; wide availability; frequent software shifts; 956 crashes and 51 fatalities (Consumer Reports, 2025; NHTSA, 2022). Hands-free systems free your hands but not your responsibility. Choose BlueCruise for strict monitoring in mapped corridors. Opt for Super Cruise if you need broad coverage, map-driven predictability, and a perfect safety record. Treat Autopilot as NSFW; an evolving tool that demands constant vigilance. Test each under clear conditions, track updates, and always keep eyes forward. About the Author Brian Iselin View Profile