Intuit reported a strong Q4 2025, with revenue of $3.831 billion, marking a 20.32% year-over-year increase and a substantial improvement in profitability metrics. The gross margin stood at 78.23%, and operating income was $339 million, yielding an operating margin of 8.85% and a net income of $381 million (net margin ≈ 9.95%). Diluted earnings per share were $1.35. Despite a seasonal QoQ decline in revenue (−50.59%), the year-over-year growth profile underscores the ongoing demand strength for Intuit’s core cloud-based solutions, including QuickBooks Online, TurboTax, and the Credit Karma suite. Free cash flow reached $356 million, supported by operating cash flow of $381 million and modest capital spending ($25 million) in the period. Balance-sheet resilience is evident in cash and cash equivalents of $2.884 billion and total assets of $36.958 billion, though the company carries meaningful leverage with total debt of $6.57 billion and net debt of $3.686 billion. FX translation effects were a notable cash headwind in the quarter, contributing to a $1.856 billion adverse impact on cash, underscoring elevated near-term currency risk for a globally diversified balance sheet. Management commentary, where available, highlighted continued momentum in core platforms and strategic investments, though transcript data is not provided in the current dataset. Overall, Intuit remains well-positioned to monetize its SMB software ecosystem and consumer tax platforms, with a disciplined capital allocation approach including stock buybacks and dividends.