Strong Start to Fiscal Year 2025
2025 began positively with revenue at the high end of the outlook and profits exceeding expectations. Total company organic revenues rose 6%, with the Big Three segments growing by 9%.
Reaffirmed Full-Year 2025 Outlook
The company reaffirmed its full-year 2025 outlook, expecting organic growth in the range of 7% to 7.5%, including approximately 9% for the Big Three segments and margins to rise by 75 basis points year-over-year to approximately 39%.
Successful Product Launches and Acquisitions
The first quarter saw the launch of CoCounsel Tax, Audit and Accounting, an AI-powered assistant, and the acquisition of SafeSend for $600 million, which is off to a strong start with a smooth integration.
Dividend Increase
The company raised its 2025 annual dividend by 10% for the fourth consecutive year to $2.38 per share.
Tax & Accounting Segment Strength
The Tax & Accounting segment showed strong performance with organic revenue growth of 11%, driven by Latin American business and tax compliance offerings.