Intuit (INTU) Financials

$388.29 -10.03 (-2.52%)

As of 12:04 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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	89	241	353	2,389	-20	197	471	2,820	381	446	693
Consolidated Net Income / (Loss)	89	241	353	2,389	-20	197	471	2,820	381	446	693
Net Income / (Loss) Continuing Operations	89	241	353	2,389	-20	197	471	2,820	381	446	693
Total Pre-Tax Income	-5.00	264	354	3,072	-140	213	571	3,684	366	561	869
Total Operating Income	17	307	369	3,105	-151	271	593	3,720	339	534	855
Total Gross Profit	2,040	2,256	2,567	5,706	2,437	2,497	3,063	6,598	2,981	3,046	3,652
Total Revenue	2,712	2,978	3,386	6,737	3,184	3,283	3,963	7,754	3,831	3,885	4,651
Operating Revenue	2,712	2,978	3,386	6,737	3,184	3,283	3,963	7,754	3,831	3,885	4,651
Total Cost of Revenue	672	722	819	1,031	747	786	900	1,156	850	839	999
Operating Cost of Revenue	672	722	819	1,031	747	786	900	1,156	850	839	999
Total Operating Expenses	2,023	1,949	2,198	2,601	2,588	2,226	2,466	2,877	2,632	2,512	2,797
Selling, General & Admin Expense	341	342	344	355	377	394	389	394	424	422	401
Marketing Expense	840	769	1,020	1,419	1,104	962	1,204	1,618	1,251	1,082	1,395
Research & Development Expense	680	680	678	671	725	704	716	707	801	843	836
Amortization Expense	162	158	156	156	159	157	157	158	165	165	165
Total Other Income / (Expense), net	-22	-43	-15	-33	11	-58	-22	-36	27	27	14
Interest Expense	68	65	57	60	60	60	60	68	59	58	58
Other Income / (Expense), net	46	22	42	27	71	2.00	38	32	86	85	72
Income Tax Expense	-94	23	1.00	683	-120	16	100	864	-15	115	176
Basic Earnings per Share	$0.31	$0.86	$1.26	$8.53	($0.07)	$0.70	$1.68	$10.09	$1.35	$1.60	$2.49
Weighted Average Basic Shares Outstanding	281M	280M	280M	280M	280M	280M	280M	280M	280M	279M	278M
Diluted Earnings per Share	$0.30	$0.85	$1.25	$8.42	($0.09)	$0.70	$1.67	$10.02	$1.28	$1.59	$2.48
Weighted Average Diluted Shares Outstanding	283M	283M	284M	284M	284M	283M	283M	282M	283M	281M	280M
Weighted Average Basic & Diluted Shares Outstanding	280.26M	279.94M	279.98M	279.55M	280.29M	280.04M	279.56M	278.95M	278.81M	278.40M	276.55M
Cash Dividends to Common per Share	-	$0.90	$0.90	$0.90	-	-	$1.04	$1.04	-	-	$1.20

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	-898	945	644	2,040	631	935	-2,680	4,826	-699	-2,538	-166
Net Cash From Operating Activities	842	-97	613	3,951	417	362	1,069	4,395	381	637	1,570
Net Cash From Continuing Operating Activities	842	-97	613	3,951	417	362	1,069	4,395	381	637	1,570
Net Income / (Loss) Continuing Operations	89	241	353	2,389	-20	197	471	2,820	381	446	693
Consolidated Net Income / (Loss)	89	241	353	2,389	-20	197	471	2,820	381	446	693
Depreciation Expense	33	33	36	42	48	44	42	43	43	44	44
Amortization Expense	162	158	156	156	160	157	157	158	165	165	165
Non-Cash Adjustments To Reconcile Net Income	264	410	328	507	560	502	552	503	87	618	518
Changes in Operating Assets and Liabilities, net	294	-939	-260	857	-331	-538	-153	871	-295	-636	150
Net Cash From Investing Activities	-373	210	34	-219	-252	-188	-489	-416	-1,225	1,198	-700
Net Cash From Continuing Investing Activities	-373	210	34	-219	-252	-188	-489	-416	-1,225	1,198	-700
Purchase of Property, Plant & Equipment	-40	-84	-63	-61	-42	-33	-31	-35	-25	-38	-46
Purchase of Investments	-832	-469	-763	-1,258	-828	-972	-1,174	-1,807	-2,402	-1,398	-1,602
Sale and/or Maturity of Investments	520	753	902	1,114	735	820	196	2,060	1,376	2,677	1,490
Other Investing Activities, net	-21	10	-42	-14	-34	-3.00	520	-634	10	-43	-542
Net Cash From Financing Activities	-1,365	849	-16	-1,684	454	761	-3,260	847	142	-4,372	-1,037
Net Cash From Continuing Financing Activities	-1,365	849	-16	-1,684	454	761	-3,260	847	142	-4,372	-1,037
Repayment of Debt	-501	-4,183	-44	-1.00	1.00	0.00	-4.00	-	-497	-1.00	-6.00
Repurchase of Common Equity	-472	-584	-551	-572	-281	-557	-717	-752	-746	-854	-933
Payment of Dividends	-222	-260	-256	-257	-261	-296	-300	-292	-301	-341	-341
Issuance of Debt	10	3,956	95	-	85	85	134	145	65	166	20
Issuance of Common Equity	78	92	77	57	56	96	79	88	135	62	29
Other Financing Activities, net	-258	1,828	663	-911	854	1,433	-2,452	1,658	1,486	-3,404	194

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 Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	8.00	698	-	3.00
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	7,698
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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	10/31/2025	1/31/2026
Total Assets	28,921	27,780	28,488	29,688	31,560	32,132	33,193	31,682	36,593	33,191	34,282
Total Current Assets	6,649	5,557	6,231	7,300	9,236	9,678	10,726	9,135	13,965	10,421	11,703
Cash & Equivalents	3,745	2,848	1,734	1,474	4,215	3,609	2,872	2,435	5,443	3,506	2,942
Short-Term Investments	523	814	537	15	463	465	486	24	731	190	33
Note & Lease Receivable	700	687	649	1,001	698	779	892	1,376	1,278	1,519	1,699
Accounts Receivable	717	405	372	928	790	457	426	1,017	724	579	1,175
Prepaid Expenses	574	354	388	345	337	366	407	845	512	630	1,239
Current Deferred & Refundable Income Taxes	2.00	29	17	126	4.00	78	27	90	9.00	31	84
Other Current Assets	388	420	2,525	3,390	2,722	3,921	5,606	3,334	5,221	3,918	4,414
Other Current Nonoperating Assets	-	0.00	9.00	21	7.00	3.00	10	14	47	48	117
Plant, Property, & Equipment, net	938	969	1,013	1,049	1,032	1,009	1,008	992	975	965	974
Total Noncurrent Assets	21,334	21,254	21,244	21,339	21,292	21,445	21,459	21,555	21,653	21,805	21,605
Long-Term Investments	102	105	107	128	129	131	90	88	88	92	127
Goodwill	13,778	13,780	13,776	13,779	13,778	13,844	13,844	13,841	13,847	13,980	13,983
Intangible Assets	6,580	6,419	6,261	6,104	5,950	5,820	5,662	5,505	5,397	5,136	4,971
Noncurrent Deferred & Refundable Income Taxes	13	64	214	383	512	698	798	934	1,062	1,173	1,106
Other Noncurrent Operating Assets	861	886	886	945	923	952	1,065	1,187	1,259	1,424	1,418
Total Liabilities & Shareholders' Equity	28,921	27,780	28,488	29,688	31,560	32,132	33,193	31,682	36,593	33,191	34,282
Total Liabilities	11,329	10,511	11,496	12,780	12,803	13,696	15,057	13,733	16,468	13,869	15,227
Total Current Liabilities	4,415	3,790	4,996	6,216	6,163	7,491	8,619	7,179	9,654	7,519	8,844
Short-Term Debt	501	0.00	0.00	0.00	-	499	499	500	500	749	749
Accounts Payable	921	638	630	789	886	721	652	1,038	1,002	670	946
Current Deferred Revenue	829	921	763	887	843	872	892	1,025	957	1,045	1,141
Current Deferred & Payable Income Tax Liabilities	653	698	133	1.00	437	-	21	-	614	-	82
Current Employee Benefit Liabilities	625	665	439	547	689	921	413	623	747	479	702
Other Current Liabilities	886	868	3,031	3,992	3,308	4,478	6,142	3,993	5,834	4,576	5,224
Total Noncurrent Liabilities	6,914	6,721	6,500	6,564	6,640	6,205	6,438	6,554	6,814	6,350	6,383
Long-Term Debt	6,109	6,120	5,879	5,950	5,952	5,539	5,625	5,760	5,906	5,391	5,411
Other Noncurrent Operating Liabilities	615	601	618	611	685	666	813	794	908	959	972
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	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125	19,322	19,055
Total Preferred & Common Equity	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125	19,322	19,055
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	17,592	17,269	16,992	16,908	18,757	18,436	18,136	17,949	20,125	19,322	19,055
Common Stock	18,760	19,029	19,398	19,739	20,040	20,251	20,619	20,995	21,380	21,996	22,336
Retained Earnings	15,200	15,067	15,047	15,140	17,270	16,989	16,891	17,059	19,586	19,771	20,123
Treasury Stock	-16,307	-16,772	-17,375	-17,911	-18,495	-18,750	-19,320	-20,041	-20,795	-22,394	-23,355
Accumulated Other Comprehensive Income / (Loss)	-61	-55	-78	-60	-58	-54	-54	-64	-46	-51	-49

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	10/31/2025	1/31/2026
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.34%	14.67%	11.35%	11.95%	17.40%	10.24%	17.04%	15.10%	20.32%	18.34%	17.36%
EBITDA Growth	82.98%	79.31%	20.12%	11.26%	-50.39%	-8.85%	37.65%	18.71%	394.53%	74.68%	36.87%
EBIT Growth	194.03%	306.17%	40.27%	11.86%	-226.98%	-17.02%	53.53%	19.80%	631.25%	126.74%	46.91%
NOPAT Growth	122.67%	195.00%	84.95%	13.87%	-988.24%	-10.57%	32.94%	17.93%	433.86%	69.38%	39.39%
Net Income Growth	258.93%	502.50%	110.12%	14.47%	-122.47%	-18.26%	33.43%	18.04%	2,005.00%	126.40%	47.13%
EPS Growth	276.47%	507.14%	108.33%	14.09%	-130.00%	-17.65%	33.60%	19.00%	1,522.22%	127.14%	48.50%
Operating Cash Flow Growth	148.38%	-129.57%	115.85%	9.99%	-50.48%	473.20%	74.39%	11.24%	-8.63%	75.97%	46.87%
Free Cash Flow Firm Growth	103.04%	100.22%	-20.41%	50.59%	-304.89%	-356.56%	154.58%	7.18%	44.23%	-493.06%	445.95%
Invested Capital Growth	-1.77%	1.26%	2.31%	0.32%	3.28%	1.55%	2.02%	1.64%	3.80%	3.96%	1.61%
Revenue Q/Q Growth	-54.94%	9.81%	13.70%	98.97%	-52.74%	3.11%	20.71%	95.66%	-50.59%	1.41%	19.72%
EBITDA Q/Q Growth	-91.38%	101.55%	15.96%	452.24%	-96.16%	270.31%	75.11%	376.27%	-83.99%	30.81%	37.20%
EBIT Q/Q Growth	-97.75%	422.22%	24.92%	662.04%	-102.55%	441.25%	131.14%	494.61%	-88.67%	45.65%	49.76%
NOPAT Q/Q Growth	-99.44%	2,255.07%	31.29%	556.23%	-104.38%	337.13%	95.16%	482.15%	-87.61%	20.30%	60.61%
Net Income Q/Q Growth	-95.74%	170.79%	46.47%	576.77%	-100.84%	1,085.00%	139.09%	498.73%	-86.49%	17.06%	55.38%
EPS Q/Q Growth	-95.94%	183.33%	47.06%	573.60%	-101.07%	877.78%	138.57%	500.00%	-87.23%	24.22%	55.97%
Operating Cash Flow Q/Q Growth	-76.56%	-111.52%	731.96%	544.54%	-89.45%	-13.19%	195.30%	311.13%	-91.33%	67.19%	146.47%
Free Cash Flow Firm Q/Q Growth	-76.57%	-92.82%	-526.77%	2,198.91%	-131.88%	91.02%	190.78%	4,022.12%	-116.59%	4.46%	183.57%
Invested Capital Q/Q Growth	-1.06%	4.39%	3.59%	-6.24%	1.86%	2.64%	4.07%	-6.59%	4.03%	2.80%	1.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.22%	75.76%	75.81%	84.70%	76.54%	76.06%	77.29%	85.09%	77.81%	78.40%	78.52%
EBITDA Margin	9.51%	17.46%	17.81%	49.43%	4.02%	14.44%	20.94%	50.98%	16.52%	21.31%	24.42%
Operating Margin	0.63%	10.31%	10.90%	46.09%	-4.74%	8.25%	14.96%	47.98%	8.85%	13.75%	18.38%
EBIT Margin	2.32%	11.05%	12.14%	46.49%	-2.51%	8.32%	15.92%	48.39%	11.09%	15.93%	19.93%
Profit (Net Income) Margin	3.28%	8.09%	10.43%	35.46%	-0.63%	6.00%	11.88%	36.37%	9.95%	11.48%	14.90%
Tax Burden Percent	-1,780.00%	91.29%	99.72%	77.77%	14.29%	92.49%	82.49%	76.55%	104.10%	79.50%	79.75%
Interest Burden Percent	-7.94%	80.24%	86.13%	98.08%	175.00%	78.02%	90.49%	98.19%	86.12%	90.63%	93.74%
Effective Tax Rate	0.00%	8.71%	0.28%	22.23%	0.00%	7.51%	17.51%	23.45%	-4.10%	20.50%	20.25%
Return on Invested Capital (ROIC)	0.32%	6.82%	7.82%	28.53%	-2.71%	6.14%	9.89%	33.29%	8.40%	10.01%	13.52%
ROIC Less NNEP Spread (ROIC-NNEP)	2.94%	5.79%	7.49%	27.01%	1.39%	4.39%	9.43%	28.83%	10.18%	10.87%	13.85%
Return on Net Nonoperating Assets (RNNOA)	0.51%	1.34%	2.11%	2.51%	0.16%	0.77%	2.17%	0.92%	0.84%	1.44%	2.49%
Return on Equity (ROE)	0.83%	8.16%	9.93%	31.04%	-2.55%	6.91%	12.05%	34.21%	9.24%	11.45%	16.00%
Cash Return on Invested Capital (CROIC)	14.44%	12.05%	11.40%	15.62%	11.96%	12.98%	12.56%	16.08%	15.35%	15.54%	18.18%
Operating Return on Assets (OROA)	1.20%	5.86%	6.44%	24.31%	-1.37%	4.47%	8.91%	25.82%	6.05%	9.33%	12.16%
Return on Assets (ROA)	1.70%	4.30%	5.53%	18.54%	-0.34%	3.23%	6.65%	19.41%	5.42%	6.72%	9.09%
Return on Common Equity (ROCE)	0.83%	8.16%	9.93%	31.04%	-2.55%	6.91%	12.05%	34.21%	9.24%	11.45%	16.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.21%	16.38%	16.38%	0.00%	16.10%	16.92%	17.23%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	12	280	368	2,415	-106	251	489	2,848	353	425	682
NOPAT Margin	0.44%	9.41%	10.87%	35.84%	-3.32%	7.63%	12.34%	36.72%	9.21%	10.93%	14.66%
Net Nonoperating Expense Percent (NNEP)	-2.62%	1.03%	0.32%	1.52%	-4.10%	1.74%	0.45%	4.46%	-1.78%	-0.86%	-0.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.61%	-	-	-	2.02%	10.73%	1.37%	1.67%	2.70%
Cost of Revenue to Revenue	24.78%	24.24%	24.19%	15.30%	23.46%	23.94%	22.71%	14.91%	22.19%	21.60%	21.48%
SG&A Expenses to Revenue	12.57%	11.48%	10.16%	5.27%	11.84%	12.00%	9.82%	5.08%	11.07%	10.86%	8.62%
R&D to Revenue	25.07%	22.83%	20.02%	9.96%	22.77%	21.44%	18.07%	9.12%	20.91%	21.70%	17.97%
Operating Expenses to Revenue	74.59%	65.45%	64.91%	38.61%	81.28%	67.80%	62.23%	37.10%	68.70%	64.66%	60.14%
Earnings before Interest and Taxes (EBIT)	63	329	411	3,132	-80	273	631	3,752	425	619	927
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	258	520	603	3,330	128	474	830	3,953	633	828	1,136
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.25	8.12	10.39	9.33	9.82	9.43	9.38	8.72	11.11	9.63	7.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	199.11	511.70	903.48	1,375.24
Price to Revenue (P/Rev)	9.91	9.35	11.64	11.06	11.11	10.31	9.81	9.65	11.63	9.58	6.90
Price to Earnings (P/E)	59.75	53.34	63.41	56.94	61.07	58.60	55.46	50.58	56.61	45.20	32.00
Dividend Yield	0.61%	0.66%	0.54%	0.56%	0.56%	0.61%	0.65%	0.64%	0.53%	0.65%	0.90%
Earnings Yield	1.67%	1.87%	1.58%	1.76%	1.64%	1.71%	1.80%	1.98%	1.77%	2.21%	3.12%
Enterprise Value to Invested Capital (EV/IC)	7.38	6.90	8.48	8.85	9.02	8.35	7.95	8.68	10.47	8.71	6.45
Enterprise Value to Revenue (EV/Rev)	10.08	9.59	11.92	11.13	11.22	10.47	10.03	9.65	11.70	9.70	7.06
Enterprise Value to EBITDA (EV/EBITDA)	35.81	33.09	41.15	37.37	39.90	38.31	36.15	32.60	37.41	30.18	21.67
Enterprise Value to EBIT (EV/EBIT)	44.73	40.57	49.95	44.74	48.21	46.50	43.52	38.37	43.36	34.73	24.80
Enterprise Value to NOPAT (EV/NOPAT)	57.80	52.25	62.66	55.61	60.33	57.95	55.17	49.42	55.92	45.73	32.90
Enterprise Value to Operating Cash Flow (EV/OCF)	28.70	30.60	36.36	33.16	37.43	32.52	29.69	28.12	35.50	29.08	20.33
Enterprise Value to Free Cash Flow (EV/FCFF)	50.64	57.66	75.23	56.74	76.62	64.82	63.94	54.44	69.52	57.16	35.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.35	0.35	0.32	0.33	0.34	0.35	0.32	0.30	0.32	0.32
Long-Term Debt to Equity	0.35	0.35	0.35	0.32	0.30	0.31	0.32	0.29	0.30	0.28	0.28
Financial Leverage	0.17	0.23	0.28	0.09	0.12	0.18	0.23	0.03	0.08	0.13	0.18
Leverage Ratio	1.65	1.68	1.74	1.66	1.68	1.76	1.76	1.75	1.81	1.77	1.78
Compound Leverage Factor	-0.13	1.35	1.50	1.63	2.94	1.37	1.59	1.72	1.56	1.61	1.67
Debt to Total Capital	26.17%	25.71%	26.03%	24.09%	24.67%	25.24%	25.86%	24.15%	23.26%	24.11%	24.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	2.04%	2.06%	2.07%	1.88%	0.00%	2.94%	2.97%
Long-Term Debt to Total Capital	26.17%	25.71%	26.03%	24.09%	22.63%	23.19%	23.79%	22.26%	23.26%	21.17%	21.46%
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	73.83%	74.30%	73.97%	75.91%	75.33%	74.76%	74.14%	75.85%	76.74%	75.89%	75.57%
Debt to EBITDA	1.51	1.38	1.36	1.26	1.32	1.35	1.31	1.19	1.01	0.98	0.94
Net Debt to EBITDA	0.58	0.82	0.99	0.24	0.40	0.59	0.78	0.03	0.23	0.38	0.47
Long-Term Debt to EBITDA	1.51	1.38	1.36	1.26	1.21	1.24	1.21	1.10	1.01	0.86	0.83
Debt to NOPAT	2.44	2.17	2.07	1.88	1.99	2.04	2.01	1.80	1.52	1.49	1.43
Net Debt to NOPAT	0.94	1.29	1.51	0.36	0.61	0.89	1.19	0.04	0.34	0.57	0.71
Long-Term Debt to NOPAT	2.44	2.17	2.07	1.88	1.83	1.88	1.85	1.66	1.52	1.31	1.25
Altman Z-Score	9.49	8.54	9.56	9.91	9.25	8.13	8.79	8.12	9.03	9.64	7.07
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	1.25	1.17	1.50	1.29	1.24	1.27	1.45	1.36	1.39	1.32
Quick Ratio	1.25	0.66	0.55	1.00	0.71	0.54	0.68	0.85	0.63	0.77	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	366	26	-112	2,352	-750	-67	61	2,521	-418	-399	334
Operating Cash Flow to CapEx	2,105.00%	-115.48%	973.02%	6,477.05%	992.86%	1,096.97%	3,448.39%	12,557.14%	1,524.00%	1,676.32%	3,413.04%
Free Cash Flow to Firm to Interest Expense	5.38	0.40	-1.97	39.19	-12.50	-1.12	1.02	37.07	-7.09	-6.89	5.76
Operating Cash Flow to Interest Expense	12.38	-1.49	10.75	65.85	6.95	6.03	17.82	64.63	6.46	10.98	27.07
Operating Cash Flow Less CapEx to Interest Expense	11.79	-2.78	9.65	64.83	6.25	5.48	17.30	64.12	6.03	10.33	26.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.53	0.53	0.52	0.54	0.54	0.56	0.53	0.55	0.59	0.61
Accounts Receivable Turnover	33.77	39.02	16.49	20.99	37.78	41.58	17.65	24.02	38.16	38.67	18.36
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	15.47	15.21	15.25	16.05	16.47	16.42	16.82	18.12	19.12	19.70	20.47
Accounts Payable Turnover	4.33	4.72	3.94	3.59	4.88	5.28	3.79	3.80	4.88	5.67	3.88
Days Sales Outstanding (DSO)	10.81	9.35	22.14	17.39	9.66	8.78	20.68	15.20	9.57	9.44	19.88
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)	84.21	77.36	92.58	101.66	74.73	69.16	96.26	96.00	74.79	64.42	94.19
Cash Conversion Cycle (CCC)	-73.40	-68.00	-70.44	-84.27	-65.07	-60.38	-75.58	-80.81	-65.22	-54.99	-74.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,622	20,484	21,220	19,895	20,266	20,802	21,648	20,222	21,037	21,626	21,996
Invested Capital Turnover	0.73	0.72	0.72	0.80	0.82	0.80	0.80	0.91	0.91	0.92	0.92
Increase / (Decrease) in Invested Capital	-354	254	480	63	644	318	428	327	771	824	348
Enterprise Value (EV)	144,799	141,391	179,987	176,063	182,798	173,738	172,157	175,561	220,337	188,468	141,957
Market Capitalization	142,446	137,890	175,654	174,918	180,965	171,062	168,444	175,417	219,010	186,116	138,899
Book Value per Share	$61.66	$60.63	$60.40	$66.99	$65.95	$64.70	$64.10	$71.99	$70.66	$69.30	$68.44
Tangible Book Value per Share	($10.46)	($10.86)	($10.63)	($3.47)	($4.39)	($4.89)	($4.99)	$3.15	$1.53	$0.74	$0.36
Total Capital	23,389	22,871	22,858	24,709	24,474	24,260	24,209	26,531	25,683	25,462	25,215
Total Debt	6,120	5,879	5,950	5,952	6,038	6,124	6,260	6,406	5,973	6,140	6,160
Total Long-Term Debt	6,120	5,879	5,950	5,952	5,539	5,625	5,760	5,906	5,973	5,391	5,411
Net Debt	2,353	3,501	4,333	1,145	1,833	2,676	3,713	144	1,327	2,352	3,058
Capital Expenditures (CapEx)	40	84	63	61	42	33	31	35	25	38	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,895	-1,036	-405	-1,605	-1,388	-752	-3.00	-1,363	-815	-45	633
Debt-free Net Working Capital (DFNWC)	1,767	1,235	1,084	3,073	2,686	2,606	2,456	4,811	3,737	3,651	3,608
Net Working Capital (NWC)	1,767	1,235	1,084	3,073	2,187	2,107	1,956	4,311	3,737	2,902	2,859
Net Nonoperating Expense (NNE)	-77	39	15	26	-86	54	18	28	-28	-21	-11
Net Nonoperating Obligations (NNO)	2,353	3,492	4,312	1,138	1,830	2,666	3,699	97	1,327	2,304	2,941
Total Depreciation and Amortization (D&A)	195	191	192	198	208	201	199	201	208	209	209
Debt-free, Cash-free Net Working Capital to Revenue	-13.19%	-7.02%	-2.68%	-10.15%	-8.52%	-4.53%	-0.02%	-7.50%	-4.33%	-0.23%	3.15%
Debt-free Net Working Capital to Revenue	12.30%	8.37%	7.18%	19.43%	16.49%	15.71%	14.31%	26.46%	19.84%	18.79%	17.93%
Net Working Capital to Revenue	12.30%	8.37%	7.18%	19.43%	13.43%	12.70%	11.39%	23.71%	19.84%	14.93%	14.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.86	$1.26	$8.53	($0.07)	$0.70	$1.68	$10.09	$1.35	$1.60	$2.49
Adjusted Weighted Average Basic Shares Outstanding	281M	280M	280M	280M	280M	280M	280M	280M	280M	279M	278M
Adjusted Diluted Earnings per Share	$0.30	$0.85	$1.25	$8.42	($0.09)	$0.70	$1.67	$10.02	$1.28	$1.59	$2.48
Adjusted Weighted Average Diluted Shares Outstanding	283M	283M	284M	284M	284M	283M	283M	282M	283M	281M	280M
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	280.26M	279.94M	279.98M	279.55M	280.29M	280.04M	279.56M	278.95M	278.81M	278.40M	276.55M
Normalized Net Operating Profit after Tax (NOPAT)	12	280	368	2,415	-106	259	489	2,848	237	425	682
Normalized NOPAT Margin	0.44%	9.41%	10.87%	35.84%	-3.32%	7.89%	12.34%	36.72%	6.19%	10.93%	14.66%
Pre Tax Income Margin	-0.18%	8.87%	10.45%	45.60%	-4.40%	6.49%	14.41%	47.51%	9.55%	14.44%	18.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.93	5.06	7.21	52.20	-1.33	4.55	10.52	55.18	7.20	10.67	15.98
NOPAT to Interest Expense	0.18	4.31	6.46	40.24	-1.76	4.18	8.15	41.88	5.98	7.32	11.76
EBIT Less CapEx to Interest Expense	0.34	3.77	6.11	51.18	-2.03	4.00	10.00	54.66	6.78	10.02	15.19
NOPAT Less CapEx to Interest Expense	-0.41	3.02	5.35	39.23	-2.46	3.63	7.64	41.36	5.56	6.66	10.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.29%	35.86%	34.62%	32.39%	34.90%	36.66%	36.68%	33.13%	30.73%	29.97%	29.38%
Augmented Payout Ratio	119.80%	114.82%	109.89%	103.32%	101.99%	103.84%	106.72%	99.65%	102.38%	104.49%	105.07%

Financials Breakdown Chart

Key Financial Trends

Intuit (NASDAQ: INTU) has shown solid scale-up in free cash flow, healthy profitability, and a strong balance sheet over the last four years. Below is a concise, investor-focused snapshot based on the quarterly statements provided for 2022–2026, highlighting the key trends and what they could mean for risk and upside.

Revenue growth: Operating revenue rose from about $3.39B in 2024 to $4.65B in 2026 (e.g., 2024 Q2 about $3.39B vs. 2026 Q2 about $4.65B), indicating sustained top-line expansion.
Healthy gross margin: Gross margin around the high-70s (about 78% in 2026 Q2, with gross profit of roughly $3.65B on $4.65B revenue), signaling pricing power and efficient cost of revenue management.
Net income growth: Net income (to common) rose notably from later-year 2025 to 2026 (e.g., ~471M in 2025 Q2 to ~693M in 2026 Q2), reflecting improving profitability.
Operating cash flow strength: CFO from continuing operating activities climbed from about $1.07B in 2025 Q2 to about $1.57B in 2026 Q2, underscoring robust cash generation.
Balance sheet liquidity: Cash & equivalents around $2.9B; total assets near $34.3B; total equity around $19.1B; a solid liquidity cushion and substantial equity base.
Shareholder capital returns: Quarterly cash dividends per share around $1.20; notable share repurchases (e.g., approximately $933M in 2026 Q2) reflect an active capital-return program.
Free cash flow potential: Positive CFO coupled with modest capital expenditures supports ongoing free cash flow available for dividends, buybacks, and debt management.
Large goodwill and intangible asset base: Goodwill (~$13.98B) and intangible assets (~$4.97B) as of 2026 Q2 indicate substantial non-physical asset value; impairment risk should be monitored, though not evidenced in the data.
Leverage context: Total liabilities (~$15.23B) vs. total equity (~$19.06B) yields a debt/equity context around 0.8, indicating solid balance-sheet leverage without immediate distress signals.
Financing outflows: Net cash from financing activities were negative in recent quarters (e.g., about -$1.04B in 2026 Q2), reflecting ongoing buybacks and dividends that compress cash reserves.

05/06/26 11:41 AM 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. View Intuit's forecast to see where analysts expect Intuit to go next.

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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Financial statements for NASDAQ:INTU last updated on 2/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Intuit (INTU) Financials

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Intuit (INTU) Financials

Annual Income Statements for Intuit

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