Intuit Inc. (NASDAQ:INTU) is one of the best QQQ stocks to buy right now. On August 22, JPMorgan lowered the price target on Intuit to $750 from $770, while keeping an Overweight rating on the shares following the earnings report. The company’s FY2025 is modestly above on a dollar basis, but slightly below consensus on a growth percentage basis. However, Intuit’s FQ4 2025 results did beat estimates despite a slight Mailchimp revenue contraction.
The company’s total revenue for FY2025 grew by 16%, which reached $18.8 billion. In the fourth quarter, revenue was $3.8 billion, which was a 20% increase. The company also saw an improvement in profitability, with FQ4 GAAP operating income of $339 million, a stark contrast to a loss of $151 million in the same period last year. Non-GAAP operating income was $1 billion, up 39% year-over-year.
The Consumer Group’s revenue grew 10% for FY2025. Within this segment, TurboTax Live revenue saw a remarkable 47% growth, and its customers grew by 24%. Credit Karma’s revenue also grew at 32% for the full fiscal year. The Global Business Solutions Group’s revenue increased by 18% in FQ4. QuickBooks All-in Accounting revenue grew 23% in Q4. Online Services revenue was up 19% in Q4, or 29% when excluding Mailchimp, which has been a drag on growth but is expected to return to double-digit growth by the end of FY2026. The Desktop Ecosystem revenue also saw a 10% increase in Q4.
Intuit Inc. (NASDAQ:INTU) provides financial management, compliance, and marketing products & services. It has 4 segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.
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Disclosure: None. This article is originally published at Insider Monkey.
