Intuit
INTU · NasdaqServices-Prepackaged Software · Fiscal year ends Jul 31
Intuit reported revenue of $21.4B in the fiscal year ended Jul 2026, up 13.9% from the year before. Operating income was $5.9B, an operating margin of 27.4%, and net income was $4.6B. Operating cash flow of $8.8B less capital expenditure of $175M left free cash flow of $8.7B. Net debt was $3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue | $12.7B | $14.4B | $16.3B | $18.8B | $21.4B |
| Research & development | $2.3B | $2.5B | $2.8B | $2.9B | $3.4B |
| Operating income | $2.6B | $3.1B | $3.6B | $4.9B | $5.9B |
| Interest expense | $81M | $248M | $242M | $247M | $256M |
| Pre-tax income | $2.5B | $3B | $3.6B | $4.8B | $6B |
| Income tax | $476M | $605M | $587M | $965M | $1.5B |
| Net income | $2.1B | $2.4B | $3B | $3.9B | $4.6B |
| Diluted EPS | 7.28 | 8.42 | 10.43 | 13.67 | 16.46 |
| Diluted shares | 284M | 283M | 284M | 283M | 277M |
Balance sheet
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.8B | $2.8B | $3.6B | $2.9B | $4.7B |
| Receivables | $446M | $405M | $457M | $530M | $625M |
| Current assets | $5B | $5.6B | $9.7B | $14.1B | $15.3B |
| Net PP&E | $888M | $969M | $1B | $961M | $1B |
| Goodwill | $13.7B | $13.8B | $13.8B | $14B | $14B |
| Total assets | $27.7B | $27.8B | $32.1B | $37B | $36.8B |
| Payables | $737M | $638M | $721M | $792M | $873M |
| Deferred revenue | $808M | $921M | $872M | $1B | $1.1B |
| Current liabilities | $3.6B | $3.8B | $7.5B | $10.4B | $10.2B |
| Short-term debt | $499M | $0 | $499M | $0 | $1.2B |
| Long-term debt | $6.4B | $6.1B | $5.5B | $6B | $6.4B |
| Total liabilities | $11.3B | $10.5B | $13.7B | $17.2B | $17.8B |
| Shareholders' equity | $16.4B | $17.3B | $18.4B | $19.7B | $19B |
Cash flow
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $3.9B | $5B | $4.9B | $6.2B | $8.8B |
| Capital expenditure | $157M | $210M | $191M | $84M | $175M |
| Free cash flow | $3.7B | $4.8B | $4.7B | $6.1B | $8.7B |
| Depreciation & amortisation | $187M | $160M | $159M | $172M | $187M |
| Stock-based compensation | $1.3B | $1.7B | $1.9B | $2B | $2.1B |
| Acquisitions | $5.7B | $33M | $83M | $184M | $0 |
| Share buybacks | $1.9B | $2B | $2B | $2.8B | $5.4B |
| Dividends paid | $774M | $889M | $1B | $1.2B | $1.3B |
| Dividend per share | 2.72 | 3.12 | 3.60 | 4.16 | 4.80 |
Key ratios
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.9% | 13.3% | 15.6% | 13.9% |
| Operating income growth (YoY) | – | 22.2% | 15.6% | 35.6% | 19.5% |
| EPS growth (YoY) | – | 15.7% | 23.9% | 31.1% | 20.4% |
| Operating margin | 20.2% | 21.9% | 22.3% | 26.1% | 27.4% |
| Net margin | 16.2% | 16.6% | 18.2% | 20.5% | 21.3% |
| Return on equityBlank when equity is negative | 12.6% | 13.8% | 16.1% | 19.6% | 24.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.7% | 13.1% | 14.7% | 18.5% | 22.1% |
| Free cash flow margin | 29.3% | 33.7% | 28.8% | 32.5% | 40.4% |
| Cash conversion (CFO ÷ net income) | 1.88x | 2.12x | 1.65x | 1.60x | 1.94x |
| Receivable days | 13 | 10 | 10 | 10 | 11 |
| Interest cover | 31.7x | 12.7x | 15.0x | 19.9x | 23.0x |
| Debt ÷ equity | 0.42x | 0.35x | 0.33x | 0.30x | 0.40x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $4.1B | $3.3B | $2.4B | $3.1B | $3B |
| Current ratio | 1.39x | 1.47x | 1.29x | 1.36x | 1.51x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.