Intuit (INTU) Financials

$687.92 +12.96 (+1.92%)

Closing price 09/19/2025 04:00 PM Eastern

Extended Trading

$686.44 -1.49 (-0.22%)

As of 09/19/2025 07:59 PM Eastern

Annual Income Statements for Intuit

This table shows Intuit's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	365	979	985	1,329	1,557	1,826	2,062	2,066	2,384	2,963	3,869
Consolidated Net Income / (Loss)	365	979	985	1,329	1,557	1,826	2,062	2,066	2,384	2,963	3,869
Net Income / (Loss) Continuing Operations	413	806	985	1,329	1,557	1,826	2,062	2,066	2,384	2,963	3,869
Total Pre-Tax Income	712	1,203	1,390	1,566	1,881	2,198	2,556	2,542	2,989	3,550	4,834
Total Operating Income	738	1,242	1,418	1,560	1,854	2,176	2,500	2,571	3,141	3,630	4,923
Total Gross Profit	3,497	3,964	4,398	5,062	5,637	6,323	8,000	10,460	11,388	12,966	15,139
Total Revenue	4,192	4,694	5,196	6,025	6,784	7,679	9,633	12,726	14,368	16,285	18,831
Operating Revenue	4,192	4,694	5,196	6,025	6,784	7,679	9,633	12,726	14,368	16,285	18,831
Total Cost of Revenue	695	730	798	963	1,147	1,356	1,633	2,266	2,980	3,319	3,692
Operating Cost of Revenue	695	730	798	963	1,147	1,356	1,633	2,266	2,980	3,319	3,692
Total Operating Expenses	2,759	2,722	2,980	3,502	3,783	4,147	5,500	7,889	8,247	9,336	10,201
Selling, General & Admin Expense	483	518	553	664	597	679	982	1,460	1,300	1,418	1,601
Marketing Expense	1,288	1,289	1,415	1,631	1,927	2,048	2,644	3,526	3,762	4,312	5,035
Research & Development Expense	798	881	998	1,186	1,233	1,392	1,678	2,347	2,539	2,754	2,928
Amortization Expense	42	34	14	21	26	28	196	556	646	629	637
Total Other Income / (Expense), net	-26	-39	-28	6.00	27	22	56	-29	-152	-80	-89
Interest Expense	27	35	31	20	15	14	29	81	248	242	247
Other Income / (Expense), net	1.00	-4.00	3.00	26	42	36	85	52	96	162	158
Income Tax Expense	299	397	405	237	324	372	494	476	605	587	965
Basic Earnings per Share	$1.30	$3.73	$3.83	$5.18	$5.99	$6.99	$7.65	$7.38	$8.49	$10.58	$13.82
Weighted Average Basic Shares Outstanding	281M	262M	257M	256M	260M	261M	270M	280M	281M	280M	280M
Diluted Earnings per Share	$1.28	$3.69	$3.78	$5.09	$5.89	$6.92	$7.56	$7.28	$8.42	$10.43	$13.67
Weighted Average Diluted Shares Outstanding	286M	265M	261M	261M	264M	264M	273M	284M	283M	284M	283M
Weighted Average Basic & Diluted Shares Outstanding	280.80M	262.50M	256.90M	256.60M	260.07M	261.81M	273.09M	281.87M	280.26M	280.29M	278.81M

This table shows Intuit's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	168	2,087	89	241	353	2,389	-20	197	471	2,820	381
Consolidated Net Income / (Loss)	168	2,087	89	241	353	2,389	-20	197	471	2,820	381
Net Income / (Loss) Continuing Operations	168	2,087	89	241	353	2,389	-20	197	471	2,820	381
Total Pre-Tax Income	228	2,734	-5.00	264	354	3,072	-140	213	571	3,684	366
Total Operating Income	270	2,778	17	307	369	3,105	-151	271	593	3,720	339
Total Gross Profit	2,309	5,077	2,040	2,256	2,567	5,706	2,437	2,497	3,063	6,598	2,981
Total Revenue	3,041	6,018	2,712	2,978	3,386	6,737	3,184	3,283	3,963	7,754	3,831
Operating Revenue	3,041	6,018	2,712	2,978	3,386	6,737	3,184	3,283	3,963	7,754	3,831
Total Cost of Revenue	732	941	672	722	819	1,031	747	786	900	1,156	850
Operating Cost of Revenue	732	941	672	722	819	1,031	747	786	900	1,156	850
Total Operating Expenses	2,039	2,299	2,023	1,949	2,198	2,601	2,588	2,226	2,466	2,877	2,632
Selling, General & Admin Expense	323	332	341	342	344	355	377	394	389	394	424
Marketing Expense	924	1,203	840	769	1,020	1,419	1,104	962	1,204	1,618	1,251
Research & Development Expense	630	604	680	680	678	671	725	704	716	707	801
Amortization Expense	162	160	162	158	156	156	159	157	157	158	165
Total Other Income / (Expense), net	-42	-44	-22	-43	-15	-33	11	-58	-22	-36	27
Interest Expense	65	66	68	65	57	60	60	60	60	68	59
Other Income / (Expense), net	23	22	46	22	42	27	71	2.00	38	32	86
Income Tax Expense	60	647	-94	23	1.00	683	-120	16	100	864	-15
Basic Earnings per Share	$0.60	$7.44	$0.31	$0.86	$1.26	$8.53	($0.07)	$0.70	$1.68	$10.09	$1.35
Weighted Average Basic Shares Outstanding	281M	281M	281M	280M	280M	280M	280M	280M	280M	280M	280M
Diluted Earnings per Share	$0.60	$7.38	$0.30	$0.85	$1.25	$8.42	($0.09)	$0.70	$1.67	$10.02	$1.28
Weighted Average Diluted Shares Outstanding	282M	283M	283M	283M	284M	284M	284M	283M	283M	282M	283M
Weighted Average Basic & Diluted Shares Outstanding	280.55M	280.06M	280.26M	279.94M	279.98M	279.55M	280.29M	280.04M	279.56M	278.95M	278.81M

This table details how cash moves in and out of Intuit's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Change in Cash & Equivalents	-41	-170	-50	941	721	4,345	-3,878	178	-145	4,260	2,382
Net Cash From Operating Activities	1,589	1,460	1,599	2,112	2,324	2,414	3,250	3,889	5,046	4,884	6,207
Net Cash From Continuing Operating Activities	1,589	1,460	1,599	2,112	-790	2,414	3,250	3,889	5,046	4,884	6,207
Net Income / (Loss) Continuing Operations	365	979	985	1,329	0.00	1,826	2,062	2,066	2,384	2,963	3,869
Consolidated Net Income / (Loss)	365	979	985	1,329	-	1,826	2,062	2,066	2,384	2,963	3,869
Depreciation Expense	157	195	214	228	199	189	166	187	160	159	172
Amortization Expense	74	43	22	25	26	29	197	559	646	630	637
Non-Cash Adjustments To Reconcile Net Income	558	-56	339	462	1,973	238	836	1,513	1,255	2,115	1,735
Changes in Operating Assets and Liabilities, net	435	299	39	68	126	132	-11	-436	601	-983	-206
Net Cash From Investing Activities	-182	371	-17	-532	-635	-97	-3,965	-5,421	-922	-227	-2,318
Net Cash From Continuing Investing Activities	-182	371	-17	-532	-635	-97	-3,965	-5,421	-922	-227	-2,318
Purchase of Property, Plant & Equipment	-261	-522	-230	-124	-155	-137	-125	-229	-260	-250	-124
Acquisitions	-95	0.00	0.00	-363	-64	0.00	-3,064	-5,682	-33	-83	-184
Purchase of Investments	-939	-934	-352	-407	-752	-701	-1,489	-1,763	-2,998	-3,318	-6,355
Sale and/or Maturity of Investments	1,095	1,352	542	414	387	726	779	2,277	2,416	3,504	4,452
Other Investing Activities, net	18	12	23	-52	-51	15	-66	-24	-47	-80	-107
Net Cash From Financing Activities	-1,422	-1,999	-1,632	-639	-965	2,034	-3,176	1,732	-4,269	-397	-1,510
Net Cash From Continuing Financing Activities	-1,422	-1,999	-1,632	-639	-965	2,015	-3,176	1,732	-4,269	-397	-1,510
Repayment of Debt	-1.00	-1,001	-663	-851	-58	-51	-1,340	-10	-1,033	-4,327	-501
Repurchase of Common Equity	-1,245	-2,264	-839	-272	-556	-323	-1,005	-1,861	-1,967	-1,988	-2,772
Payment of Dividends	-283	-318	-353	-407	-501	-561	-646	-774	-889	-1,034	-1,189
Issuance of Debt	0.00	1,495	150	800	48	2,983	0.00	4,882	222	4,236	429
Issuance of Common Equity	220	197	226	295	284	211	196	162	228	282	398
Other Financing Activities, net	-113	-108	-153	-204	-182	-244	-381	-667	-830	2,434	2,125
Effect of Exchange Rate Changes	-26	-2.00	-	-	-	-6.00	13	-22	0.00	-	3.00
Cash Interest Paid	32	37	42	19	17	14	30	67	272	200	284
Cash Income Taxes Paid	222	389	430	245	325	493	578	303	484	1,881	1,408

This table details how cash moves in and out of Intuit's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Change in Cash & Equivalents	-591	2,201	-898	945	644	2,040	631	935	-2,680	4,826	-699
Net Cash From Operating Activities	284	3,592	842	-97	613	3,951	417	362	1,069	4,395	381
Net Cash From Continuing Operating Activities	284	3,592	842	-97	613	3,951	417	362	1,069	4,395	381
Net Income / (Loss) Continuing Operations	168	2,087	89	241	353	2,389	-20	197	471	2,820	381
Consolidated Net Income / (Loss)	168	2,087	89	241	353	2,389	-20	197	471	2,820	381
Depreciation Expense	47	33	33	33	36	42	48	44	42	43	43
Amortization Expense	162	160	162	158	156	156	160	157	157	158	165
Non-Cash Adjustments To Reconcile Net Income	215	348	264	410	328	507	560	593	552	503	87
Changes in Operating Assets and Liabilities, net	-308	964	294	-939	-260	857	-331	-629	-153	871	-295
Net Cash From Investing Activities	-448	155	-373	210	34	-219	-252	-188	-489	-416	-1,225
Net Cash From Continuing Investing Activities	-448	155	-373	210	34	-219	-252	-188	-489	-416	-1,225
Purchase of Property, Plant & Equipment	-55	-88	-40	-84	-63	-61	-42	-33	-31	-35	-25
Purchase of Investments	-1,147	-763	-832	-469	-763	-1,258	-828	-972	-1,174	-1,807	-2,402
Sale and/or Maturity of Investments	502	1,016	520	753	902	1,114	735	820	196	2,060	1,376
Other Investing Activities, net	285	-10	-21	10	-42	-14	-34	-3.00	520	-634	10
Net Cash From Financing Activities	-442	-1,549	-1,365	849	-16	-1,684	454	761	-3,260	847	142
Net Cash From Continuing Financing Activities	-442	-1,549	-1,365	849	-16	-1,684	454	761	-3,260	847	142
Repayment of Debt	-26	-506	-501	-4,183	-44	-1.00	1.00	0.00	-4.00	-	-497
Repurchase of Common Equity	-507	-478	-472	-584	-551	-572	-281	-557	-717	-752	-746
Payment of Dividends	-224	-221	-222	-260	-256	-257	-261	-296	-300	-292	-301
Issuance of Debt	105	37	10	3,956	95	-	85	85	134	145	65
Issuance of Common Equity	21	69	78	92	77	57	56	96	79	88	135
Other Financing Activities, net	189	-450	-258	1,828	663	-911	854	1,433	-2,452	1,658	1,486

This table presents Intuit's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Total Assets	4,968	4,250	4,068	5,134	6,283	10,931	15,516	27,734	27,780	32,132	36,958
Total Current Assets	2,560	1,614	1,415	2,422	3,594	7,980	5,157	5,047	5,557	9,678	14,107
Cash & Equivalents	808	638	529	1,464	2,116	6,442	2,562	2,796	2,848	3,609	2,884
Short-Term Investments	889	442	248	252	624	608	1,308	485	814	465	1,668
Note & Lease Receivable	-	-	-	-	-	-	132	509	687	779	1,403
Accounts Receivable	91	108	103	98	87	149	391	446	405	457	530
Prepaid Expenses	94	102	100	202	266	314	184	287	354	366	496
Current Deferred & Refundable Income Taxes	315	20	63	39	65	12	123	93	29	78	50
Other Current Assets	-	-	-	-	-	-	457	431	420	3,921	7,076
Other Current Nonoperating Assets	26	-	-	-	-	-	-	-	0.00	3.00	0.00
Plant, Property, & Equipment, net	682	1,031	1,030	812	780	734	780	888	969	1,009	961
Total Noncurrent Assets	1,726	1,605	1,623	1,900	1,909	2,217	9,579	21,799	21,254	21,445	21,890
Long-Term Investments	27	28	31	13	13	19	43	98	105	131	94
Goodwill	1,266	1,282	1,295	1,611	1,655	1,654	5,613	13,736	13,780	13,844	13,980
Intangible Assets	87	44	22	61	54	28	3,252	7,061	6,419	5,820	5,302
Noncurrent Deferred & Refundable Income Taxes	5.00	139	132	-	1.00	65	8.00	11	64	698	1,222
Other Noncurrent Operating Assets	106	112	143	215	186	451	663	893	886	952	1,292
Total Liabilities & Shareholders' Equity	4,968	4,250	4,068	5,134	6,283	10,931	15,516	27,734	27,780	32,132	36,958
Total Liabilities	2,636	3,089	2,714	2,318	2,534	5,825	5,647	11,293	10,511	13,696	17,248
Total Current Liabilities	1,744	2,251	1,944	1,743	1,966	3,529	2,655	3,630	3,790	7,491	10,370
Short-Term Debt	0.00	512	50	50	50	1,338	0.00	499	0.00	499	0.00
Accounts Payable	190	184	157	178	274	305	623	737	638	721	792
Current Deferred Revenue	691	801	887	581	619	652	684	808	921	872	1,019
Current Employee Benefit Liabilities	283	289	300	369	385	482	530	576	665	921	858
Other Current Liabilities	150	161	178	198	202	297	818	1,002	868	4,478	7,701
Total Noncurrent Liabilities	892	838	770	575	568	2,296	2,992	7,663	6,721	6,205	6,878
Long-Term Debt	500	488	438	388	386	2,031	2,034	6,415	6,120	5,539	5,973
Other Noncurrent Operating Liabilities	172	146	130	119	145	263	433	629	601	666	905
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,332	1,161	1,354	2,816	3,749	5,106	9,869	16,441	17,269	18,436	19,710
Total Preferred & Common Equity	2,332	1,161	1,354	2,816	3,749	5,106	9,869	16,441	17,269	18,436	19,710
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,332	1,161	1,354	2,816	3,749	5,106	9,869	16,441	17,269	18,436	19,710
Common Stock	4,010	4,445	4,857	5,338	5,775	6,182	10,548	17,725	19,029	20,251	21,635
Retained Earnings	6,027	6,687	7,297	8,564	9,621	10,885	12,296	13,581	15,067	16,989	19,668
Treasury Stock	-7,675	-9,939	-10,778	-11,050	-11,611	-11,929	-12,951	-14,805	-16,772	-18,750	-21,543
Accumulated Other Comprehensive Income / (Loss)	-30	-32	-22	-36	-36	-32	-24	-60	-55	-54	-50

This table presents Intuit's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Total Assets	27,085	27,202	28,921	27,780	28,488	29,688	31,560	32,132	33,193	31,682	36,593
Total Current Assets	4,554	4,756	6,649	5,557	6,231	7,300	9,236	9,678	10,726	9,135	13,965
Cash & Equivalents	2,125	1,547	3,745	2,848	1,734	1,474	4,215	3,609	2,872	2,435	5,443
Short-Term Investments	599	524	523	814	537	15	463	465	486	24	731
Note & Lease Receivable	566	948	700	687	649	1,001	698	779	892	1,376	1,278
Accounts Receivable	384	903	717	405	372	928	790	457	426	1,017	724
Prepaid Expenses	324	391	574	354	388	345	337	366	407	845	512
Current Deferred & Refundable Income Taxes	88	67	2.00	29	17	126	4.00	78	27	90	9.00
Other Current Assets	468	376	388	420	2,525	3,390	2,722	3,921	5,606	3,334	5,221
Other Current Nonoperating Assets	-	-	-	0.00	9.00	21	7.00	3.00	10	14	47
Plant, Property, & Equipment, net	926	931	938	969	1,013	1,049	1,032	1,009	1,008	992	975
Total Noncurrent Assets	21,605	21,515	21,334	21,254	21,244	21,339	21,292	21,445	21,459	21,555	21,653
Long-Term Investments	98	108	102	105	107	128	129	131	90	88	88
Goodwill	13,732	13,779	13,778	13,780	13,776	13,779	13,778	13,844	13,844	13,841	13,847
Intangible Assets	6,899	6,737	6,580	6,419	6,261	6,104	5,950	5,820	5,662	5,505	5,397
Noncurrent Deferred & Refundable Income Taxes	10	12	13	64	214	383	512	698	798	934	1,062
Other Noncurrent Operating Assets	866	879	861	886	886	945	923	952	1,065	1,187	1,259
Total Liabilities & Shareholders' Equity	27,085	27,202	28,921	27,780	28,488	29,688	31,560	32,132	33,193	31,682	36,593
Total Liabilities	11,018	11,360	11,329	10,511	11,496	12,780	12,803	13,696	15,057	13,733	16,468
Total Current Liabilities	3,325	3,862	4,415	3,790	4,996	6,216	6,163	7,491	8,619	7,179	9,654
Short-Term Debt	499	501	501	0.00	0.00	0.00	-	499	499	500	500
Accounts Payable	670	811	921	638	630	789	886	721	652	1,038	1,002
Current Deferred Revenue	698	852	829	921	763	887	843	872	892	1,025	957
Current Deferred & Payable Income Tax Liabilities	-	-	653	698	133	1.00	437	-	21	-	614
Current Employee Benefit Liabilities	401	502	625	665	439	547	689	921	413	623	747
Other Current Liabilities	1,057	1,196	886	868	3,031	3,992	3,308	4,478	6,142	3,993	5,834
Total Noncurrent Liabilities	7,693	7,498	6,914	6,721	6,500	6,564	6,640	6,205	6,438	6,554	6,814
Long-Term Debt	6,486	6,576	6,109	6,120	5,879	5,950	5,952	5,539	5,625	5,760	5,906
Other Noncurrent Operating Liabilities	619	602	615	601	618	611	685	666	813	794	908
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16,067	15,842	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125
Total Preferred & Common Equity	16,067	15,842	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	16,067	15,842	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125
Common Stock	18,082	18,392	18,760	19,029	19,398	19,739	20,040	20,251	20,619	20,995	21,380
Retained Earnings	13,396	13,337	15,200	15,067	15,047	15,140	17,270	16,989	16,891	17,059	19,586
Treasury Stock	-15,324	-15,824	-16,307	-16,772	-17,375	-17,911	-18,495	-18,750	-19,320	-20,041	-20,795
Accumulated Other Comprehensive Income / (Loss)	-87	-63	-61	-55	-78	-60	-58	-54	-54	-64	-46

This table displays calculated financial ratios and metrics derived from Intuit's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.20%	11.98%	10.69%	15.95%	12.60%	13.19%	25.45%	32.11%	12.90%	13.34%	15.63%
EBITDA Growth	-36.52%	52.16%	12.26%	10.98%	15.33%	14.57%	21.32%	14.28%	20.01%	13.31%	28.57%
EBIT Growth	-44.48%	67.52%	14.78%	11.61%	19.55%	16.67%	16.86%	1.47%	23.41%	17.15%	33.99%
NOPAT Growth	-49.81%	94.39%	20.76%	31.75%	15.92%	17.79%	11.57%	3.61%	19.89%	20.94%	30.05%
Net Income Growth	-59.76%	168.22%	0.61%	34.92%	17.16%	17.28%	12.92%	0.19%	15.39%	24.29%	30.58%
EPS Growth	-58.97%	188.28%	2.44%	34.66%	15.72%	17.49%	9.25%	-3.70%	15.66%	23.87%	31.06%
Operating Cash Flow Growth	9.89%	-8.12%	9.52%	32.08%	10.04%	3.87%	34.63%	19.66%	29.75%	-3.21%	27.09%
Free Cash Flow Firm Growth	-14.32%	-4.43%	44.78%	-24.17%	104.93%	9.20%	-371.07%	-97.05%	128.89%	-16.56%	32.84%
Invested Capital Growth	-34.98%	11.62%	-11.62%	74.92%	-13.99%	-4.52%	740.17%	150.01%	-1.77%	3.28%	3.80%
Revenue Q/Q Growth	6.21%	1.25%	2.10%	0.05%	1.95%	11.99%	8.38%	-1.14%	2.12%	2.98%	3.56%
EBITDA Q/Q Growth	-7.00%	5.81%	4.28%	-10.03%	2.51%	34.11%	-0.67%	-10.18%	2.98%	-2.76%	9.38%
EBIT Q/Q Growth	-10.21%	6.82%	5.10%	-11.45%	2.99%	39.56%	-3.11%	-15.39%	4.18%	-3.63%	11.04%
NOPAT Q/Q Growth	-10.67%	7.92%	8.00%	-5.82%	-0.84%	38.28%	-3.05%	-16.59%	6.24%	-4.31%	10.93%
Net Income Q/Q Growth	13.35%	-5.23%	8.60%	-5.41%	-0.38%	36.57%	-3.06%	-17.43%	6.48%	-3.55%	11.56%
EPS Q/Q Growth	10.34%	-6.35%	11.18%	-5.21%	-0.84%	36.76%	-3.08%	-18.11%	5.91%	-3.60%	11.14%
Operating Cash Flow Q/Q Growth	-2.99%	-9.20%	-0.56%	13.61%	-3.53%	20.40%	8.51%	-4.96%	11.07%	-8.01%	-0.58%
Free Cash Flow Firm Q/Q Growth	-12.83%	-17.13%	19.66%	-32.57%	41.08%	39.90%	-8.15%	-6.59%	58.93%	-23.12%	-1.73%
Invested Capital Q/Q Growth	79.41%	218.72%	161.66%	168.68%	28.35%	25.30%	6.78%	3.65%	-1.06%	1.86%	4.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.42%	84.45%	84.64%	84.02%	83.09%	82.34%	83.05%	82.19%	79.26%	79.62%	80.39%
EBITDA Margin	23.14%	31.44%	31.89%	30.52%	31.26%	31.64%	30.60%	26.47%	28.14%	28.13%	31.28%
Operating Margin	17.61%	26.46%	27.29%	25.89%	27.33%	28.34%	25.95%	20.20%	21.86%	22.29%	26.14%
EBIT Margin	17.63%	26.37%	27.35%	26.32%	27.95%	28.81%	26.83%	20.61%	22.53%	23.29%	26.98%
Profit (Net Income) Margin	8.71%	20.86%	18.96%	22.06%	22.95%	23.78%	21.41%	16.23%	16.59%	18.19%	20.55%
Tax Burden Percent	51.26%	81.38%	70.86%	84.87%	82.78%	83.08%	80.67%	81.27%	79.76%	83.46%	80.04%
Interest Burden Percent	96.35%	97.17%	97.82%	98.74%	99.21%	99.37%	98.88%	96.91%	92.34%	93.62%	95.14%
Effective Tax Rate	41.99%	33.00%	29.14%	15.13%	17.22%	16.92%	19.33%	18.73%	20.24%	16.54%	19.96%
Return on Invested Capital (ROIC)	50.27%	117.20%	142.43%	145.48%	142.49%	185.69%	45.11%	14.94%	12.65%	15.19%	19.08%
ROIC Less NNEP Spread (ROIC-NNEP)	53.68%	103.03%	146.02%	145.05%	141.48%	185.16%	43.62%	12.10%	8.54%	12.00%	14.57%
Return on Net Nonoperating Assets (RNNOA)	-36.78%	-61.15%	-64.10%	-81.74%	-95.06%	-144.45%	-17.57%	0.76%	1.49%	1.41%	1.21%
Return on Equity (ROE)	13.49%	56.06%	78.33%	63.74%	47.43%	41.24%	27.54%	15.71%	14.14%	16.60%	20.29%
Cash Return on Invested Capital (CROIC)	92.67%	106.22%	154.76%	90.98%	157.53%	190.32%	-112.34%	-70.77%	14.44%	11.96%	15.35%
Operating Return on Assets (OROA)	14.53%	26.86%	34.17%	34.47%	33.21%	25.70%	19.55%	12.13%	11.66%	12.66%	14.71%
Return on Assets (ROA)	7.18%	21.24%	23.68%	28.89%	27.28%	21.22%	15.59%	9.55%	8.59%	9.89%	11.20%
Return on Common Equity (ROCE)	13.49%	56.06%	78.33%	63.74%	47.43%	41.24%	27.54%	15.71%	14.14%	16.60%	20.29%
Return on Equity Simple (ROE_SIMPLE)	15.65%	84.32%	72.75%	47.19%	41.53%	35.76%	20.89%	12.57%	13.81%	16.07%	0.00%
Net Operating Profit after Tax (NOPAT)	428	832	1,005	1,324	1,535	1,808	2,017	2,090	2,505	3,030	3,940
NOPAT Margin	10.21%	17.73%	19.34%	21.97%	22.62%	23.54%	20.94%	16.42%	17.44%	18.60%	20.92%
Net Nonoperating Expense Percent (NNEP)	-3.40%	14.17%	-3.59%	0.43%	1.01%	0.53%	1.50%	2.85%	4.12%	3.19%	4.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	15.34%
Cost of Revenue to Revenue	16.58%	15.55%	15.36%	15.98%	16.91%	17.66%	16.95%	17.81%	20.74%	20.38%	19.61%
SG&A Expenses to Revenue	11.52%	11.04%	10.64%	11.02%	8.80%	8.84%	10.19%	11.47%	9.05%	8.71%	8.50%
R&D to Revenue	19.04%	18.77%	19.21%	19.68%	18.18%	18.13%	17.42%	18.44%	17.67%	16.91%	15.55%
Operating Expenses to Revenue	65.82%	57.99%	57.35%	58.12%	55.76%	54.00%	57.10%	61.99%	57.40%	57.33%	54.17%
Earnings before Interest and Taxes (EBIT)	739	1,238	1,421	1,586	1,896	2,212	2,585	2,623	3,237	3,792	5,081
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	970	1,476	1,657	1,839	2,121	2,430	2,948	3,369	4,043	4,581	5,890
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.60	22.96	24.65	17.84	18.53	15.24	14.40	7.72	8.25	9.82	11.11
Price to Tangible Book Value (P/TBV)	27.62	0.00	902.18	43.90	34.05	22.72	141.54	0.00	0.00	0.00	511.70
Price to Revenue (P/Rev)	6.45	5.68	6.42	8.34	10.24	10.13	14.75	9.98	9.91	11.11	11.63
Price to Earnings (P/E)	74.09	27.23	33.89	37.79	44.61	42.60	68.92	61.45	59.75	61.07	56.61
Dividend Yield	1.02%	1.15%	1.04%	0.80%	0.70%	0.71%	0.57%	0.60%	0.61%	0.56%	0.53%
Earnings Yield	1.35%	3.67%	2.95%	2.65%	2.24%	2.35%	1.45%	1.63%	1.67%	1.64%	1.77%
Enterprise Value to Invested Capital (EV/IC)	37.98	35.04	49.38	41.94	66.97	77.43	17.55	6.53	7.38	9.02	10.47
Enterprise Value to Revenue (EV/Rev)	6.08	5.59	6.29	8.06	9.83	9.59	14.56	10.25	10.08	11.22	11.70
Enterprise Value to EBITDA (EV/EBITDA)	26.27	17.78	19.73	26.41	31.45	30.30	47.57	38.73	35.81	39.90	37.41
Enterprise Value to EBIT (EV/EBIT)	34.48	21.20	23.00	30.62	35.18	33.29	54.25	49.75	44.73	48.21	43.36
Enterprise Value to NOPAT (EV/NOPAT)	59.53	31.54	32.53	36.68	43.46	40.74	69.53	62.45	57.80	60.33	55.92
Enterprise Value to Operating Cash Flow (EV/OCF)	16.04	17.98	20.44	23.00	28.70	30.50	43.15	33.55	28.70	37.43	35.50
Enterprise Value to Free Cash Flow (EV/FCFF)	32.29	34.80	29.94	58.66	39.31	39.75	0.00	0.00	50.64	76.62	69.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.86	0.36	0.16	0.12	0.66	0.21	0.42	0.35	0.33	0.30
Long-Term Debt to Equity	0.21	0.42	0.32	0.14	0.10	0.40	0.21	0.39	0.35	0.30	0.30
Financial Leverage	-0.69	-0.59	-0.44	-0.56	-0.67	-0.78	-0.40	0.06	0.17	0.12	0.08
Leverage Ratio	1.88	2.64	3.31	2.21	1.74	1.94	1.77	1.64	1.65	1.68	1.81
Compound Leverage Factor	1.81	2.56	3.24	2.18	1.73	1.93	1.75	1.59	1.52	1.57	1.72
Debt to Total Capital	17.66%	46.27%	26.49%	13.46%	10.42%	39.75%	17.09%	29.60%	26.17%	24.67%	23.26%
Short-Term Debt to Total Capital	0.00%	23.69%	2.71%	1.54%	1.19%	15.79%	0.00%	2.14%	0.00%	2.04%	0.00%
Long-Term Debt to Total Capital	17.66%	22.58%	23.78%	11.92%	9.22%	23.96%	17.09%	27.47%	26.17%	22.63%	23.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.34%	53.73%	73.51%	86.54%	89.58%	60.25%	82.91%	70.40%	73.83%	75.33%	76.74%
Debt to EBITDA	0.52	0.68	0.29	0.24	0.21	1.39	0.69	2.05	1.51	1.32	1.01
Net Debt to EBITDA	-1.61	-0.28	-0.42	-0.90	-1.30	-1.71	-0.64	1.05	0.58	0.40	0.23
Long-Term Debt to EBITDA	0.52	0.33	0.26	0.21	0.18	0.84	0.69	1.90	1.51	1.21	1.01
Debt to NOPAT	1.17	1.20	0.49	0.33	0.28	1.86	1.01	3.31	2.44	1.99	1.52
Net Debt to NOPAT	-3.65	-0.50	-0.69	-1.25	-1.79	-2.30	-0.93	1.69	0.94	0.61	0.34
Long-Term Debt to NOPAT	1.17	0.59	0.44	0.29	0.25	1.12	1.01	3.07	2.44	1.83	1.52
Altman Z-Score	9.39	9.27	12.16	17.69	20.98	11.27	17.57	8.26	9.87	9.65	9.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.47	0.72	0.73	1.39	1.83	2.26	1.94	1.39	1.47	1.29	1.36
Quick Ratio	1.03	0.53	0.45	1.04	1.44	2.04	1.65	1.17	1.25	0.71	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	789	754	1,092	828	1,697	1,853	-5,022	-9,896	2,859	2,386	3,169
Operating Cash Flow to CapEx	608.81%	279.69%	695.22%	1,703.23%	1,499.35%	1,762.04%	2,600.00%	1,698.25%	1,940.77%	1,953.60%	5,005.65%
Free Cash Flow to Firm to Interest Expense	29.23	21.55	35.22	41.40	113.11	132.34	-173.18	-122.18	11.53	9.86	12.83
Operating Cash Flow to Interest Expense	58.85	41.71	51.58	105.60	154.93	172.43	112.07	48.01	20.35	20.18	25.13
Operating Cash Flow Less CapEx to Interest Expense	49.19	26.80	44.16	99.40	144.60	162.64	107.76	45.19	19.30	19.15	24.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	1.02	1.25	1.31	1.19	0.89	0.73	0.59	0.52	0.54	0.55
Accounts Receivable Turnover	40.70	47.18	49.25	59.95	73.34	65.08	35.68	30.41	33.77	37.78	38.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.60	5.48	5.04	6.54	8.52	10.14	12.73	15.26	15.47	16.47	19.12
Accounts Payable Turnover	4.15	3.90	4.68	5.75	5.08	4.68	3.52	3.33	4.33	4.88	4.88
Days Sales Outstanding (DSO)	8.97	7.74	7.41	6.09	4.98	5.61	10.23	12.00	10.81	9.66	9.57
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	87.97	93.50	77.99	63.49	71.92	77.93	103.71	109.53	84.21	74.73	74.79
Cash Conversion Cycle (CCC)	-79.00	-85.76	-70.57	-57.40	-66.94	-72.32	-93.48	-97.53	-73.40	-65.07	-65.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	671	749	662	1,158	996	951	7,990	19,976	19,622	20,266	21,037
Invested Capital Turnover	4.92	6.61	7.37	6.62	6.30	7.89	2.15	0.91	0.73	0.82	0.91
Increase / (Decrease) in Invested Capital	-361	78	-87	496	-162	-45	7,039	11,986	-354	644	771
Enterprise Value (EV)	25,482	26,243	32,689	48,567	66,701	73,638	140,228	130,492	144,799	182,798	220,337
Market Capitalization	27,043	26,655	33,381	50,225	69,454	77,793	142,107	126,957	142,446	180,965	219,010
Book Value per Share	$8.46	$4.54	$5.28	$10.97	$14.46	$19.58	$36.12	$58.29	$61.66	$65.95	$70.66
Tangible Book Value per Share	$3.55	($0.64)	$0.14	$4.46	$7.87	$13.13	$3.67	($15.44)	($10.46)	($4.39)	$1.53
Total Capital	2,832	2,161	1,842	3,254	4,185	8,475	11,903	23,355	23,389	24,474	25,683
Total Debt	500	1,000	488	438	436	3,369	2,034	6,914	6,120	6,038	5,973
Total Long-Term Debt	500	488	438	388	386	2,031	2,034	6,415	6,120	5,539	5,973
Net Debt	-1,561	-412	-692	-1,658	-2,753	-4,155	-1,879	3,535	2,353	1,833	1,327
Capital Expenditures (CapEx)	261	522	230	124	155	137	125	229	260	250	124
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,218	-1,509	-1,628	-1,354	-1,498	-1,716	-1,368	-1,365	-1,895	-1,388	-815
Debt-free Net Working Capital (DFNWC)	816	-125	-479	729	1,678	5,789	2,502	1,916	1,767	2,686	3,737
Net Working Capital (NWC)	816	-637	-529	679	1,628	4,451	2,502	1,417	1,767	2,187	3,737
Net Nonoperating Expense (NNE)	63	-147	20	-5.09	-22	-18	-45	24	121	67	71
Net Nonoperating Obligations (NNO)	-1,661	-412	-692	-1,658	-2,753	-4,155	-1,879	3,535	2,353	1,830	1,327
Total Depreciation and Amortization (D&A)	231	238	236	253	225	218	363	746	806	789	809
Debt-free, Cash-free Net Working Capital to Revenue	-29.06%	-32.15%	-31.33%	-22.47%	-22.08%	-22.35%	-14.20%	-10.73%	-13.19%	-8.52%	-4.33%
Debt-free Net Working Capital to Revenue	19.47%	-2.66%	-9.22%	12.10%	24.73%	75.39%	25.97%	15.06%	12.30%	16.49%	19.84%
Net Working Capital to Revenue	19.47%	-13.57%	-10.18%	11.27%	24.00%	57.96%	25.97%	11.13%	12.30%	13.43%	19.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.30	$3.73	$3.78	$4.72	$5.99	$6.99	$7.65	$7.38	$8.49	$10.58	$13.82
Adjusted Weighted Average Basic Shares Outstanding	281M	262M	257M	256M	260M	261M	270M	280M	281M	280M	280M
Adjusted Diluted Earnings per Share	$1.28	$3.69	$3.72	$4.64	$5.89	$6.92	$7.56	$7.28	$8.42	$10.43	$13.67
Adjusted Weighted Average Diluted Shares Outstanding	286M	265M	261M	261M	264M	264M	273M	284M	283M	284M	283M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$5.99	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	277.31M	257.94M	254.97M	258.67M	260.07M	261.81M	273.09M	281.87M	280.26M	280.29M	278.81M
Normalized Net Operating Profit after Tax (NOPAT)	514	832	1,005	1,324	1,535	1,808	2,017	2,090	2,505	3,216	3,940
Normalized NOPAT Margin	12.26%	17.73%	19.34%	21.97%	22.62%	23.54%	20.94%	16.42%	17.44%	19.75%	20.92%
Pre Tax Income Margin	16.98%	25.63%	26.75%	25.99%	27.73%	28.62%	26.53%	19.97%	20.80%	21.80%	25.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.37	35.37	45.84	79.30	126.40	158.00	89.14	32.38	13.05	15.67	20.57
NOPAT to Interest Expense	15.85	23.78	32.41	66.20	102.31	129.12	69.55	25.80	10.10	12.52	15.95
EBIT Less CapEx to Interest Expense	17.70	20.46	38.42	73.10	116.07	148.21	84.83	29.56	12.00	14.64	20.07
NOPAT Less CapEx to Interest Expense	6.19	8.86	24.99	60.00	91.98	119.34	65.24	22.97	9.05	11.49	15.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.53%	32.48%	35.84%	30.62%	32.18%	30.72%	31.33%	37.46%	37.29%	34.90%	30.73%
Augmented Payout Ratio	418.63%	263.74%	121.02%	51.09%	67.89%	48.41%	80.07%	127.54%	119.80%	101.99%	102.38%

This table displays calculated financial ratios and metrics derived from Intuit's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.77%	6.85%	12.34%	14.67%	11.35%	11.95%	17.40%	10.24%	17.04%	15.10%	20.32%
EBITDA Growth	88.72%	14.98%	82.98%	79.31%	20.12%	11.26%	-50.39%	-8.85%	37.65%	18.71%	394.53%
EBIT Growth	474.51%	16.96%	194.03%	306.17%	40.27%	11.86%	-226.98%	-17.02%	53.53%	19.80%	631.25%
NOPAT Growth	6.58%	17.12%	122.67%	195.00%	84.95%	13.87%	-988.24%	-10.57%	32.94%	17.93%	433.86%
Net Income Growth	68.00%	16.33%	258.93%	502.50%	110.12%	14.47%	-122.47%	-18.26%	33.43%	18.04%	2,005.00%
EPS Growth	71.43%	17.52%	276.47%	507.14%	108.33%	14.09%	-130.00%	-17.65%	33.60%	19.00%	1,522.22%
Operating Cash Flow Growth	234.12%	8.19%	148.38%	-129.57%	115.85%	9.99%	-50.48%	473.20%	74.39%	11.24%	-8.63%
Free Cash Flow Firm Growth	99.24%	115.65%	103.04%	100.22%	-20.41%	50.59%	-304.89%	-356.56%	154.58%	7.18%	44.23%
Invested Capital Growth	1.43%	2.90%	-1.77%	1.26%	2.31%	0.32%	3.28%	1.55%	2.02%	1.64%	3.80%
Revenue Q/Q Growth	17.10%	97.90%	-54.94%	9.81%	13.70%	98.97%	-52.74%	3.11%	20.71%	95.66%	-50.59%
EBITDA Q/Q Growth	73.10%	496.22%	-91.38%	101.55%	15.96%	452.24%	-96.16%	270.31%	75.11%	376.27%	-83.99%
EBIT Q/Q Growth	261.73%	855.63%	-97.75%	422.22%	24.92%	662.04%	-102.55%	441.25%	131.14%	494.61%	-88.67%
NOPAT Q/Q Growth	109.42%	965.90%	-99.44%	2,255.07%	31.29%	556.23%	-104.38%	337.13%	95.16%	482.15%	-87.61%
Net Income Q/Q Growth	320.00%	1,142.26%	-95.74%	170.79%	46.47%	576.77%	-100.84%	1,085.00%	139.09%	498.73%	-86.49%
EPS Q/Q Growth	328.57%	1,130.00%	-95.94%	183.33%	47.06%	573.60%	-101.07%	877.78%	138.57%	500.00%	-87.23%
Operating Cash Flow Q/Q Growth	-13.41%	1,164.79%	-76.56%	-111.52%	731.96%	544.54%	-89.45%	-13.19%	195.30%	311.13%	-91.33%
Free Cash Flow Firm Q/Q Growth	99.22%	1,778.18%	-76.57%	-92.82%	-526.77%	2,198.91%	-131.88%	91.02%	190.78%	4,022.12%	-116.59%
Invested Capital Q/Q Growth	2.52%	-4.38%	-1.06%	4.39%	3.59%	-6.24%	1.86%	2.64%	4.07%	-6.59%	4.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.93%	84.36%	75.22%	75.76%	75.81%	84.70%	76.54%	76.06%	77.29%	85.09%	77.81%
EBITDA Margin	16.51%	49.73%	9.51%	17.46%	17.81%	49.43%	4.02%	14.44%	20.94%	50.98%	16.52%
Operating Margin	8.88%	46.16%	0.63%	10.31%	10.90%	46.09%	-4.74%	8.25%	14.96%	47.98%	8.85%
EBIT Margin	9.64%	46.53%	2.32%	11.05%	12.14%	46.49%	-2.51%	8.32%	15.92%	48.39%	11.09%
Profit (Net Income) Margin	5.52%	34.68%	3.28%	8.09%	10.43%	35.46%	-0.63%	6.00%	11.88%	36.37%	9.95%
Tax Burden Percent	73.68%	76.34%	-1,780.00%	91.29%	99.72%	77.77%	14.29%	92.49%	82.49%	76.55%	104.10%
Interest Burden Percent	77.82%	97.64%	-7.94%	80.24%	86.13%	98.08%	175.00%	78.02%	90.49%	98.19%	86.12%
Effective Tax Rate	26.32%	23.67%	0.00%	8.71%	0.28%	22.23%	0.00%	7.51%	17.51%	23.45%	-4.10%
Return on Invested Capital (ROIC)	4.35%	25.36%	0.32%	6.82%	7.82%	28.53%	-2.71%	6.14%	9.89%	33.29%	8.40%
ROIC Less NNEP Spread (ROIC-NNEP)	3.71%	23.88%	2.94%	5.79%	7.49%	27.01%	1.39%	4.39%	9.43%	28.83%	10.18%
Return on Net Nonoperating Assets (RNNOA)	1.15%	3.15%	0.51%	1.34%	2.11%	2.51%	0.16%	0.77%	2.17%	0.92%	0.84%
Return on Equity (ROE)	5.50%	28.50%	0.83%	8.16%	9.93%	31.04%	-2.55%	6.91%	12.05%	34.21%	9.24%
Cash Return on Invested Capital (CROIC)	8.52%	9.20%	14.44%	12.05%	11.40%	15.62%	11.96%	12.98%	12.56%	16.08%	15.35%
Operating Return on Assets (OROA)	4.93%	22.80%	1.20%	5.86%	6.44%	24.31%	-1.37%	4.47%	8.91%	25.82%	6.05%
Return on Assets (ROA)	2.83%	16.99%	1.70%	4.30%	5.53%	18.54%	-0.34%	3.23%	6.65%	19.41%	5.42%
Return on Common Equity (ROCE)	5.50%	28.50%	0.83%	8.16%	9.93%	31.04%	-2.55%	6.91%	12.05%	34.21%	9.24%
Return on Equity Simple (ROE_SIMPLE)	12.28%	12.73%	0.00%	15.21%	16.38%	16.38%	0.00%	16.10%	16.92%	17.23%	0.00%
Net Operating Profit after Tax (NOPAT)	199	2,121	12	280	368	2,415	-106	251	489	2,848	353
NOPAT Margin	6.54%	35.24%	0.44%	9.41%	10.87%	35.84%	-3.32%	7.63%	12.34%	36.72%	9.21%
Net Nonoperating Expense Percent (NNEP)	0.63%	1.48%	-2.62%	1.03%	0.32%	1.52%	-4.10%	1.74%	0.45%	4.46%	-1.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	1.61%	-	-	-	2.02%	10.73%	1.37%
Cost of Revenue to Revenue	24.07%	15.64%	24.78%	24.24%	24.19%	15.30%	23.46%	23.94%	22.71%	14.91%	22.19%
SG&A Expenses to Revenue	10.62%	5.52%	12.57%	11.48%	10.16%	5.27%	11.84%	12.00%	9.82%	5.08%	11.07%
R&D to Revenue	20.72%	10.04%	25.07%	22.83%	20.02%	9.96%	22.77%	21.44%	18.07%	9.12%	20.91%
Operating Expenses to Revenue	67.05%	38.20%	74.59%	65.45%	64.91%	38.61%	81.28%	67.80%	62.23%	37.10%	68.70%
Earnings before Interest and Taxes (EBIT)	293	2,800	63	329	411	3,132	-80	273	631	3,752	425
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	502	2,993	258	520	603	3,330	128	474	830	3,953	633
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.42	7.03	8.25	8.12	10.39	9.33	9.82	9.43	9.38	8.72	11.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	199.11	511.70
Price to Revenue (P/Rev)	8.59	8.78	9.91	9.35	11.64	11.06	11.11	10.31	9.81	9.65	11.63
Price to Earnings (P/E)	60.44	55.20	59.75	53.34	63.41	56.94	61.07	58.60	55.46	50.58	56.61
Dividend Yield	0.70%	0.69%	0.61%	0.66%	0.54%	0.56%	0.56%	0.61%	0.65%	0.64%	0.53%
Earnings Yield	1.65%	1.81%	1.67%	1.87%	1.58%	1.76%	1.64%	1.71%	1.80%	1.98%	1.77%
Enterprise Value to Invested Capital (EV/IC)	5.91	6.34	7.38	6.90	8.48	8.85	9.02	8.35	7.95	8.68	10.47
Enterprise Value to Revenue (EV/Rev)	8.95	8.94	10.08	9.59	11.92	11.13	11.22	10.47	10.03	9.65	11.70
Enterprise Value to EBITDA (EV/EBITDA)	34.65	32.05	35.81	33.09	41.15	37.37	39.90	38.31	36.15	32.60	37.41
Enterprise Value to EBIT (EV/EBIT)	45.36	40.50	44.73	40.57	49.95	44.74	48.21	46.50	43.52	38.37	43.36
Enterprise Value to NOPAT (EV/NOPAT)	59.84	53.36	57.80	52.25	62.66	55.61	60.33	57.95	55.17	49.42	55.92
Enterprise Value to Operating Cash Flow (EV/OCF)	28.68	27.70	28.70	30.60	36.36	33.16	37.43	32.52	29.69	28.12	35.50
Enterprise Value to Free Cash Flow (EV/FCFF)	69.79	69.94	50.64	57.66	75.23	56.74	76.62	64.82	63.94	54.44	69.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.38	0.35	0.35	0.35	0.32	0.33	0.34	0.35	0.32	0.30
Long-Term Debt to Equity	0.42	0.35	0.35	0.35	0.35	0.32	0.30	0.31	0.32	0.29	0.30
Financial Leverage	0.31	0.13	0.17	0.23	0.28	0.09	0.12	0.18	0.23	0.03	0.08
Leverage Ratio	1.70	1.66	1.65	1.68	1.74	1.66	1.68	1.76	1.76	1.75	1.81
Compound Leverage Factor	1.32	1.62	-0.13	1.35	1.50	1.63	2.94	1.37	1.59	1.72	1.56
Debt to Total Capital	30.88%	27.31%	26.17%	25.71%	26.03%	24.09%	24.67%	25.24%	25.86%	24.15%	23.26%
Short-Term Debt to Total Capital	2.19%	2.07%	0.00%	0.00%	0.00%	0.00%	2.04%	2.06%	2.07%	1.88%	0.00%
Long-Term Debt to Total Capital	28.69%	25.24%	26.17%	25.71%	26.03%	24.09%	22.63%	23.19%	23.79%	22.26%	23.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	69.12%	72.69%	73.83%	74.30%	73.97%	75.91%	75.33%	74.76%	74.14%	75.85%	76.74%
Debt to EBITDA	2.00	1.68	1.51	1.38	1.36	1.26	1.32	1.35	1.31	1.19	1.01
Net Debt to EBITDA	1.39	0.57	0.58	0.82	0.99	0.24	0.40	0.59	0.78	0.03	0.23
Long-Term Debt to EBITDA	1.86	1.56	1.51	1.38	1.36	1.26	1.21	1.24	1.21	1.10	1.01
Debt to NOPAT	3.46	2.80	2.44	2.17	2.07	1.88	1.99	2.04	2.01	1.80	1.52
Net Debt to NOPAT	2.39	0.95	0.94	1.29	1.51	0.36	0.61	0.89	1.19	0.04	0.34
Long-Term Debt to NOPAT	3.21	2.59	2.44	2.17	2.07	1.88	1.83	1.88	1.85	1.66	1.52
Altman Z-Score	7.48	8.18	9.49	8.54	9.56	9.91	9.25	8.13	8.79	8.12	9.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.23	1.51	1.47	1.25	1.17	1.50	1.29	1.24	1.27	1.45	1.36
Quick Ratio	1.02	1.29	1.25	0.66	0.55	1.00	0.71	0.54	0.68	0.85	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-93	1,562	366	26	-112	2,352	-750	-67	61	2,521	-418
Operating Cash Flow to CapEx	516.36%	4,081.82%	2,105.00%	-115.48%	973.02%	6,477.05%	992.86%	1,096.97%	3,448.39%	12,557.14%	1,524.00%
Free Cash Flow to Firm to Interest Expense	-1.43	23.66	5.38	0.40	-1.97	39.19	-12.50	-1.12	1.02	37.07	-7.09
Operating Cash Flow to Interest Expense	4.37	54.42	12.38	-1.49	10.75	65.85	6.95	6.03	17.82	64.63	6.46
Operating Cash Flow Less CapEx to Interest Expense	3.52	53.09	11.79	-2.78	9.65	64.83	6.25	5.48	17.30	64.12	6.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.49	0.52	0.53	0.53	0.52	0.54	0.54	0.56	0.53	0.55
Accounts Receivable Turnover	15.27	19.34	33.77	39.02	16.49	20.99	37.78	41.58	17.65	24.02	38.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.53	15.67	15.47	15.21	15.25	16.05	16.47	16.42	16.82	18.12	19.12
Accounts Payable Turnover	3.20	3.15	4.33	4.72	3.94	3.59	4.88	5.28	3.79	3.80	4.88
Days Sales Outstanding (DSO)	23.90	18.87	10.81	9.35	22.14	17.39	9.66	8.78	20.68	15.20	9.57
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	114.16	115.92	84.21	77.36	92.58	101.66	74.73	69.16	96.26	96.00	74.79
Cash Conversion Cycle (CCC)	-90.26	-97.04	-73.40	-68.00	-70.44	-84.27	-65.07	-60.38	-75.58	-80.81	-65.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20,740	19,832	19,622	20,484	21,220	19,895	20,266	20,802	21,648	20,222	21,037
Invested Capital Turnover	0.66	0.72	0.73	0.72	0.72	0.80	0.82	0.80	0.80	0.91	0.91
Increase / (Decrease) in Invested Capital	292	559	-354	254	480	63	644	318	428	327	771
Enterprise Value (EV)	122,510	125,826	144,799	141,391	179,987	176,063	182,798	173,738	172,157	175,561	220,337
Market Capitalization	117,612	123,586	142,446	137,890	175,654	174,918	180,965	171,062	168,444	175,417	219,010
Book Value per Share	$56.39	$62.71	$61.66	$60.63	$60.40	$66.99	$65.95	$64.70	$64.10	$71.99	$70.66
Tangible Book Value per Share	($16.64)	($9.86)	($10.46)	($10.86)	($10.63)	($3.47)	($4.39)	($4.89)	($4.99)	$3.15	$1.53
Total Capital	22,919	24,202	23,389	22,871	22,858	24,709	24,474	24,260	24,209	26,531	25,683
Total Debt	7,077	6,610	6,120	5,879	5,950	5,952	6,038	6,124	6,260	6,406	5,973
Total Long-Term Debt	6,576	6,109	6,120	5,879	5,950	5,952	5,539	5,625	5,760	5,906	5,973
Net Debt	4,898	2,240	2,353	3,501	4,333	1,145	1,833	2,676	3,713	144	1,327
Capital Expenditures (CapEx)	55	88	40	84	63	61	42	33	31	35	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-676	-1,533	-1,895	-1,036	-405	-1,605	-1,388	-752	-3.00	-1,363	-815
Debt-free Net Working Capital (DFNWC)	1,395	2,735	1,767	1,235	1,084	3,073	2,686	2,606	2,456	4,811	3,737
Net Working Capital (NWC)	894	2,234	1,767	1,235	1,084	3,073	2,187	2,107	1,956	4,311	3,737
Net Nonoperating Expense (NNE)	31	34	-77	39	15	26	-86	54	18	28	-28
Net Nonoperating Obligations (NNO)	4,898	2,240	2,353	3,492	4,312	1,138	1,830	2,666	3,699	97	1,327
Total Depreciation and Amortization (D&A)	209	193	195	191	192	198	208	201	199	201	208
Debt-free, Cash-free Net Working Capital to Revenue	-4.94%	-10.90%	-13.19%	-7.02%	-2.68%	-10.15%	-8.52%	-4.53%	-0.02%	-7.50%	-4.33%
Debt-free Net Working Capital to Revenue	10.19%	19.44%	12.30%	8.37%	7.18%	19.43%	16.49%	15.71%	14.31%	26.46%	19.84%
Net Working Capital to Revenue	6.53%	15.88%	12.30%	8.37%	7.18%	19.43%	13.43%	12.70%	11.39%	23.71%	19.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$7.44	$0.31	$0.86	$1.26	$8.53	($0.07)	$0.70	$1.68	$10.09	$1.35
Adjusted Weighted Average Basic Shares Outstanding	281M	281M	281M	280M	280M	280M	280M	280M	280M	280M	280M
Adjusted Diluted Earnings per Share	$0.60	$7.38	$0.30	$0.85	$1.25	$8.42	($0.09)	$0.70	$1.67	$10.02	$1.28
Adjusted Weighted Average Diluted Shares Outstanding	282M	283M	283M	283M	284M	284M	284M	283M	283M	282M	283M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	280.55M	280.06M	280.26M	279.94M	279.98M	279.55M	280.29M	280.04M	279.56M	278.95M	278.81M
Normalized Net Operating Profit after Tax (NOPAT)	199	2,121	12	280	368	2,415	-106	259	489	2,848	237
Normalized NOPAT Margin	6.54%	35.24%	0.44%	9.41%	10.87%	35.84%	-3.32%	7.89%	12.34%	36.72%	6.19%
Pre Tax Income Margin	7.50%	45.43%	-0.18%	8.87%	10.45%	45.60%	-4.40%	6.49%	14.41%	47.51%	9.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.51	42.42	0.93	5.06	7.21	52.20	-1.33	4.55	10.52	55.18	7.20
NOPAT to Interest Expense	3.06	32.13	0.18	4.31	6.46	40.24	-1.76	4.18	8.15	41.88	5.98
EBIT Less CapEx to Interest Expense	3.66	41.09	0.34	3.77	6.11	51.18	-2.03	4.00	10.00	54.66	6.78
NOPAT Less CapEx to Interest Expense	2.21	30.80	-0.41	3.02	5.35	39.23	-2.46	3.63	7.64	41.36	5.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.91%	38.45%	37.29%	35.86%	34.62%	32.39%	34.90%	36.66%	36.68%	33.13%	30.73%
Augmented Payout Ratio	145.89%	128.63%	119.80%	114.82%	109.89%	103.32%	101.99%	103.84%	106.72%	99.65%	102.38%

Financials Breakdown Chart

Key Financial Trends

Intuit (NASDAQ: INTU) has demonstrated solid financial performance over the last four years through Q4 2025. The company has experienced consistent revenue growth and stable profitability, supported by strong operating cash flow generation. Here are the key trends and observations based on the analysis of recent quarterly financial statements:

Revenue Growth: Operating revenue increased from approximately $2.59 billion in Q1 2023 to $3.83 billion in Q4 2025, showing steady top-line growth driven by core business strength.
Gross Profit Expansion: Gross profit rose from about $1.96 billion in Q1 2023 to nearly $2.98 billion in Q4 2025, reflecting good cost control relative to revenue increases.
Operating Income Improvement: Operating income improved significantly, with Q4 2025 posting $339 million despite a dip in the prior year at times, indicating operational leverage and efficiency gains.
Net Income Growth: Continuing operations net income surged from $40 million in early 2023 to $381 million in Q4 2025, showing strong earnings growth.
Cash Flow Generation: Net cash from operating activities was strong and positive across quarters, for example $381 million in Q4 2025 and consistently higher in prior quarters, emphasizing healthy cash earnings.
Shareholder Returns: Intuit consistently paid dividends, increasing from $0.68 per share in Q3 2022 to around $1.04 per share in recent periods, demonstrating commitment to shareholder distributions. The company also regularly repurchased common equity, supporting stock value.
Investment Activities: Intuit has been actively investing in property, plant & equipment and buying investments, resulting in negative cash flow in investing activities, typical for growth-oriented companies.
Debt Management: The company maintains a substantial amount of long-term debt (around $5.9 billion to $6.4 billion), but regularly repays and issues debt, indicating active liability management with no signs of distress.
Operating Expenses: Marketing and R&D expenses remain significant but stable portions of revenue, highlighting ongoing investment in business development and innovation.
Q4 2024 Net Loss: Notably, Q4 2024 showed a net loss of $20 million, a deviation from positive earnings in other quarters. While this was a one-time setback, it is a cautionary point for investors.

Summary: Intuit has exhibited consistent revenue and earnings growth over the past four years, supported by strong cash flow and active capital investments. The company's focus on innovation and marketing has maintained growth momentum, and returns to shareholders have been steady through dividends and repurchases. The Q4 2024 loss appears isolated, with subsequent quarters showing solid recovery and profitability. Overall, Intuit demonstrates a healthy financial position and continued growth potential.

09/20/25 05:52 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Intuit's Financials

When does Intuit's financial year end?

According to the most recent income statement we have on file, Intuit's fiscal year ends in July. Their fiscal year 2025 ended on July 31, 2025.

How has Intuit's net income changed over the last 10 years?

Intuit's net income appears to be on an upward trend, with a most recent value of $3.87 billion in 2025, rising from $365 million in 2015. The previous period was $2.96 billion in 2024. See where experts think Intuit is headed by visiting Intuit's forecast page.

What is Intuit's operating income?

Intuit's total operating income in 2025 was $4.92 billion, based on the following breakdown:

Total Gross Profit: $15.14 billion
Total Operating Expenses: $10.20 billion

How has Intuit's revenue changed over the last 10 years?

Over the last 10 years, Intuit's total revenue changed from $4.19 billion in 2015 to $18.83 billion in 2025, a change of 349.2%.

How much debt does Intuit have?

Intuit's total liabilities were at $17.25 billion at the end of 2025, a 25.9% increase from 2024, and a 554.3% increase since 2015.

How much cash does Intuit have?

In the past 10 years, Intuit's cash and equivalents has ranged from $529 million in 2017 to $6.44 billion in 2020, and is currently $2.88 billion as of their latest financial filing in 2025.

How has Intuit's book value per share changed over the last 10 years?

Over the last 10 years, Intuit's book value per share changed from 8.46 in 2015 to 70.66 in 2025, a change of 735.3%.

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This page (NASDAQ:INTU) was last updated on 9/20/2025 by MarketBeat.com Staff

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Intuit (INTU) Financials

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Intuit (INTU) Financials

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