Intuit Inc
0JCT.L
$675.50 0.26%
Exchange: LSE | Sector: Technology | Industry: Software Services
Q3 2024
Published: May 23, 2024

Earnings Highlights

  • Revenue of $6.74B up 12% year-over-year
  • EPS of $8.41 increased by 14.8% from previous year
  • Gross margin of 82.4%
  • Net income of 2.39B
  • "N/A" - N/A
0JCT.L
Company 0JCT.L

Executive Summary

Intuit reported a solid QQ3 2024 with substantial sequential momentum and healthy profitability across its four segments. Revenue reached $6.737 billion, up 11.95% year-over-year and surging about 99% quarter-over-quarter, underscoring stronger seasonality and scale in its core platforms (Small Business/ Self-Employed, Consumer/TurboTax, and Credit Karma). Gross margin remained high at approximately 82.4%, and operating margin about 46.1%, supporting an operating income of $3.105 billion and net income of $2.389 billion for the quarter. Diluted earnings per share were $8.41, with reported EPS of $8.53, reflecting roughly $0.15 of quarterly variance versus the diluted figure. The company generated robust operating cash flow of $3.951 billion and free cash flow of $3.89 billion, leaving a strong liquidity position (cash at period-end of $6.481 billion) and a still-discipline-driven capital allocation framework (net debt of $2.283 billion, $572 million in share repurchases, and $257 million in dividends). These dynamics reinforce Intuit’s ability to reinvest in its ecosystem while returning capital to shareholders. Management commentary (as far as can be inferred from the release and typical guidance patterns) emphasizes continued investment in scaleable platforms (QuickBooks Online, TurboTax, Credit Karma) and operating discipline to sustain margin strength amid a favorable but potentially choppy macro environment.

Key Performance Indicators

Revenue
Increasing
6.74B
QoQ: 98.97% | YoY: 11.95%
Gross Profit
Increasing
5.55B
82.38% margin
QoQ: 119.28% | YoY: 10.18%
Operating Income
Increasing
3.11B
QoQ: 741.46% | YoY: 11.77%
Net Income
Increasing
2.39B
QoQ: 576.77% | YoY: 14.47%
EPS
Increasing
8.53
QoQ: 576.98% | YoY: 14.80%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 3,885.00 1.59 +18.3% View
Q4 2025 3,831.00 1.35 +20.3% View
Q3 2025 7,754.00 10.02 +15.1% View
Q2 2025 3,963.00 1.66 +17.0% View
Q1 2025 3,283.00 0.70 +10.2% View
Q3 2024 6,737.00 8.41 +12.0% View