Intuit's Credit Karma platform posted a 15% year-over-year revenue increase to $631 million in the third quarter of fiscal 2026, driven by strength in personal loans, auto insurance, and home loans. Management expects Credit Karma revenue to grow approximately 19% for the full fiscal year. The platform is becoming increasingly important to Intuit's consumer finance strategy, with average revenue per user about 30% higher for customers who use both TurboTax and Credit Karma compared to those using TurboTax alone. Credit Karma also contributed to a 54% increase in tax filers who begin their filing experience through the platform. Intuit shares have fallen 40.9% over the past three months, underperforming the broader industry and the S&P 500, and the stock currently carries a Zacks Rank of 3, or Hold.
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Lendingtree IncIntuit IncCredit Karma revenue rose 15% in Q3, driven by strength in personal loans, auto insurance, and home loans, with 19% growth expected for fiscal 2026.