Strong Revenue Growth
Intuit reported Q1 revenue growth of 18%, with total revenue of $3.9 billion. This reflects strong momentum across various segments.
Successful AI Integration
Intuit's AI-driven expert platform strategy is driving growth, with QuickBooks Live customer growth of 61% in Q1. AI agents are helping customers save time and money.
Mid-Market Expansion
Intuit Enterprise Suite saw a 40% growth in online ecosystem revenue for QBO Advanced, indicating successful mid-market penetration.
Consumer Platform Success
Consumer platform revenue grew 21%, driven by 27% TurboTax revenue growth and strong performance from Credit Karma.
Positive Financial Metrics
GAAP operating income increased to $534 million from $271 million last year, and non-GAAP operating income rose to $1.3 billion from $953 million.