Intuit (INTU) Revenue — Quarter Ended Oct 31, 2024
Revenue for the quarter increased compared to the same quarter last year, but grew more modestly than the prior quarter. The sequential growth rate was lower than the year-over-year gain.
Key takeaway
Quarter ended Oct 31, 2024 · FY2025 Q1
Revenue for the quarter increased compared to the same quarter last year, but grew more modestly than the prior quarter. The sequential growth rate was lower than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.1%
Change from the immediately preceding quarter.
Year-over-year
+10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2024 | $3.4B | +11.3% |
| Apr 30, 2024 | $6.7B | +11.9% |
| Jul 31, 2024 | $3.2B | +17.4% |
| Oct 31, 2024 | $3.3B | +10.2% |
Revenue performance
Reported revenue rose year over year, continuing the positive trend seen in recent quarters. The rate of growth, however, decelerated compared to the preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased at a slower rate. The year-over-year comparison showed stronger growth, with revenue exceeding the level reported in the same quarter one year earlier.
What to watch
The sequential growth rate has narrowed substantially from the prior quarter, warranting attention to whether this trend continues.