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- Intuit smashes earnings.
Intuit smashes earnings.
$7.8B in revenue, boosted by tax season (and QuickBooks magic).
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💸 Intuit beats expectations: $7.8B in revenue
📉 Kraken goes Wall Street
🧠 Hot take from fintech leaders
Source : Marmore Mena
Intuit, the company behind TurboTax and QuickBooks, just dropped its quarterly report — and it’s way better than Wall Street expected.
🚨Breaking News:
Intuit earned $11.65 per share and made $7.8B in revenue — both higher than analyst predictions. Stock’s up 4%!
⚡Wire Simplified:
Intuit’s revenue rose 15% from last year’s $6.7B to $7.8B.
It beat earnings estimates by $0.74 per share.
They updated their yearly guidance to $18.72–$18.76B.
The strong results follow the U.S. tax filing deadline rush.
Analysts expected $18.35B for the year — Intuit said “nah.”
✔️Straight to the Point:
Tax season brought in the cash. Intuit’s crushing numbers show software + deadlines = profits. Smart planning or just timing?
Did you use TurboTax this year? |
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Source : Blockworks
Crypto exchange Kraken is teaming up with Backed to launch "xStocks" — letting users outside the U.S. trade tokenized versions of big-name stocks like Apple and Tesla.
🚨Breaking News:
Kraken’s xStocks platform goes live on Solana, offering 24/7 trading of tokenized stocks and ETFs — outside U.S. only!
⚡Wire Simplified:
Over 50 tokenized stocks and ETFs will be tradable 24/7.
Big names include Apple, Tesla, and Nvidia.
It’s all built on the Solana blockchain for fast transactions.
U.S. users are excluded due to regulatory stuff.
Kraken’s making moves under relaxed crypto rules.
✔️Straight to the Point:
Kraken’s betting that non-stop stock trading is the future. But will the real gains come from tech… or tokens?
If a founder brags about having “a balanced life,” I assume they’re not serious about winning.
— Reid Hoffman (@reidhoffman)
5:41 PM • May 22, 2025
The worst feeling isn’t failure. It’s knowing you could be doing something great, but every day you wake up and scroll instead.
— Raj Shamani (@rajshamani)
5:00 AM • May 22, 2025
APAC FinTech Forum 2025
This event dives into the FinTech ecosystem in the Asia-Pacific region, covering trends, regulations, and innovations.
Date: August 2025 | Location: Sydney, Australia
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This event highlights the FinTech revolution in the Middle East, focusing on payments, digital currencies, and open banking.
Date: September 2025 | Location: Dubai, UAE
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