Intuit Inc (NASDAQ:INTU) stock rose 8.31% (As on May 23, 11:23:54 AM UTC-4, Source: Google Finance) after the company lifted its full-year guidance and issued an upbeat current-quarter outlook after reporting fiscal Q3 results that topped Wall Street estimates as a strong tax season spurred demand for its TurboTax and QuickBooks software. Global Business Solutions Group revenue grew to $2.8 billion, up 19 percent, and Online Ecosystem revenue increased to $2.1 billion, up 20 percent. Online Services revenue grew 18 percent, driven by growth in money and payroll offerings. QuickBooks Online Accounting revenue grew 21 percent in the quarter, driven by higher effective prices, customer growth, and mix-shift. Total international Online Ecosystem revenue grew 8 percent on a constant currency basis. Credit Karma revenue grew 31 percent to $579 million in the quarter, driven by strength in credit cards, personal loans, and auto insurance.

INTU in the third quarter of FY25 has reported the adjusted earnings per share of $11.65, beating the analysts’ estimates for the adjusted earnings per share of $10.91. The company had reported the adjusted revenue growth of 15 percent to $7.75 billion in the third quarter of FY25, beating the analysts’ estimates for revenue of $7.56 billion.

For Q4, non-GAAP diluted earnings per share was expected between $2.63 and $2.68, while revenue was guided in a range of $3.723B to $3.760B. That topped the estimates for adjusted EPS of $2.6 on revenue of $3.53B.

For the full-year, the company now expects non-GAAP diluted earnings per share of $20.07 to $20.12, representing growth of approximately 18% to 19%, up from previous guidance for growth of 13% to 14%. Revenue was guided in range of of $18.723B to $18.760B, growth of approximately 15%, up from previous guidance for growth of approximately 12% to 13%.

For the full fiscal year, Intuit expects TurboTax Live revenue to grow 47 percent to $2.0 billion, representing approximately 40 percent of total Consumer Group revenue, and TurboTax Live units to grow 24 percent, TurboTax Online paying units to grow approximately 6 percent on share gains from higher average revenue per return (ARPR) filers, and ARPR to increase approximately 13 percent, as more customers chose assisted offerings and faster access to refunds. Pay-nothing customers are expected to be of approximately 8 million, down from over 10 million last year, due to yielding share with lower ARPR customers. As a result, total TurboTax Online units to decline approximately 1 percent, and TurboTax share of total IRS returns to decline approximately 1 point.