Intuit Inc (0JCT.L) Q2 2025 Earnings Report

Intuit delivered a resilient QQ2 2025 performance with broad-based demand across its four segments, delivering 3.963 billion USD in revenue, a gross profit of 3.026 billion USD and a net income of 471 million USD. The company posted a robust gross margin of approximately 73.36% and an operating margin near 14.96%, supporting an EBITDA of 830 million USD and net income growth of about 33.4% year over year. Free cash flow totaled roughly 1.039 billion USD, highlighting strong cash generation even as the balance sheet carries substantial goodwill and intangible assets tied to historic acquisitions. Management commentary underscores continued investment in core platforms (QuickBooks Online, ProConnect) and the Credit Karma ecosystem, with an emphasis on cross-sell opportunities, product simplification, and efficiency gains that underpin margin durability. While management did not publish formal forward guidance in the provided data, the quarter’s results reinforce Intuit’s position as a high-quality software platform with recurring revenue and sticky customer relationships. The combination of durable profitability and substantial capital returns (including share repurchases and dividends) supports a constructive long-term outlook, albeit against a backdrop of leverage and a premium valuation. Investors should monitor mix shifts toward high-margin recurring revenue, ongoing investments in AI-enabled features, and the external risk landscape (tax policy changes, competitive dynamics, and regulatory considerations).