Intuit Inc.

INTU · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Valuation
Market cap	$86,457	$219,010	$180,965	$143,307	$128,675	$150,070	$86,754	$78,525	$57,834	$38,853	$31,429	$29,951	$23,361	$18,984	$17,174	$14,153	$12,561	$9,563	$8,992	$9,813	$10,738	$8,824	$7,318	$8,809	$9,340	$7,116	$6,826	$5,208	$2,605	$1,171	$1,579	$1,764	$601	$336
Enterprise value	$87,678	$221,097	$183,458	$146,334	$132,934	$148,680	$83,340	$76,221	$56,556	$38,564	$31,349	$28,754	$21,946	$17,822	$16,929	$13,731	$11,937	$9,403	$9,169	$9,509	$9,557	$7,851	$6,315	$7,630	$8,105	$5,512	$5,136	$4,020	$2,503	$1,160	$1,540	$1,699	$581	$328
P/E (TTM) at period end	18.93×	56.61×	61.07×	60.11×	62.28×	72.78×	47.51×	50.43×	43.52×	39.45×	32.10×	82.06×	25.76×	22.13×	21.68×	22.32×	21.88×	21.39×	18.85×	22.30×	25.75×	23.12×	23.08×	25.68×	66.64×	–	22.33×	13.83×	–	17.14×	–	–	–	40.00×
P/S (TTM) at period end	4.03×	11.63×	11.11×	9.97×	10.11×	15.58×	11.30×	11.58×	9.60×	7.50×	6.70×	7.14×	5.51×	4.81×	4.51×	4.10×	3.69×	3.08×	3.00×	3.67×	4.68×	4.33×	4.06×	5.52×	7.12×	5.64×	6.24×	6.14×	4.40×	1.96×	2.93×	4.46×	3.10×	2.77×
P/B at period end	4.55×	11.11×	9.82×	8.30×	7.83×	15.21×	16.99×	20.95×	20.54×	22.87×	21.06×	12.84×	7.59×	5.38×	6.26×	5.41×	4.45×	3.74×	4.34×	4.82×	6.18×	5.20×	4.02×	4.48×	4.22×	3.29×	3.30×	3.34×	2.39×	2.82×	5.28×	6.27×	3.23×	6.83×
EV / EBITDA (TTM)	14.44×	43.39×	48.42×	44.33×	48.20×	55.77×	35.24×	37.13×	31.63×	23.63×	21.82×	32.13×	15.20×	12.97×	12.64×	11.02×	11.35×	11.30×	12.05×	12.25×	13.81×	12.02×	11.86×	17.47×	63.14×	19.54×	14.30×	24.94×	35.50×	16.82×	24.64×	33.77×	–	19.53×
EV / Sales (TTM)	4.09×	11.74×	11.27×	10.18×	10.45×	15.43×	10.85×	11.24×	9.39×	7.45×	6.68×	6.86×	5.17×	4.52×	4.45×	3.98×	3.51×	3.02×	3.06×	3.56×	4.17×	3.85×	3.50×	4.78×	6.18×	4.37×	4.70×	4.74×	4.22×	1.94×	2.86×	4.29×	2.99×	2.70×
Returns
Return on equity	24.0%	19.6%	16.1%	13.8%	12.6%	20.9%	35.8%	41.5%	47.2%	58.0%	65.6%	15.7%	29.5%	24.3%	28.9%	24.2%	20.3%	17.5%	23.0%	21.6%	24.0%	22.5%	17.4%	17.5%	6.3%	(3.8%)	14.8%	24.1%	(1.1%)	16.5%	(6.9%)	(16.1%)	(94.9%)	17.1%
Return on invested capital	19.7%	16.8%	14.2%	11.9%	9.9%	20.6%	78.6%	74.2%	74.0%	60.6%	44.9%	21.2%	31.3%	27.2%	27.5%	24.7%	16.5%	15.3%	15.7%	14.7%	22.6%	21.6%	16.6%	12.4%	2.1%	(2.5%)	5.2%	1.1%	1.1%	–	–	(6.4%)	(106.6%)	19.6%
Dividend yield	1.6%	0.5%	0.6%	0.6%	0.6%	0.4%	0.6%	0.6%	0.7%	0.9%	1.0%	0.9%	0.9%	1.1%	1.0%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.51×	1.36×	1.29×	1.47×	1.39×	1.94×	2.26×	1.83×	1.39×	0.73×	0.72×	1.47×	1.84×	1.87×	1.20×	1.25×	1.88×	1.82×	1.21×	1.68×	1.79×	1.61×	1.71×	2.10×	2.72×	2.73×	2.64×	2.03×	2.62×	2.15×	2.53×	2.64×	2.36×	2.69×
Debt / equity	0.40×	0.30×	0.33×	0.35×	0.42×	0.21×	0.66×	0.12×	0.16×	0.29×	0.67×	0.21×	0.16×	0.14×	0.18×	0.38×	0.35×	0.39×	0.48×	0.49×	0.01×	0.01×	0.01×	0.01×	0.01×	0.02×	0.00×	0.04×	0.03×	0.09×	0.02×	0.02×	–	–
Effective tax rate	24.1%	20.0%	16.5%	20.2%	18.7%	19.3%	16.9%	17.2%	15.1%	29.1%	33.0%	42.0%	34.4%	31.9%	32.9%	34.0%	34.1%	31.5%	35.2%	36.1%	38.1%	32.6%	28.3%	32.9%	24.0%	0.2%	40.4%	39.0%	38.7%	129.6%	900.0%	(114.2%)	(1.0%)	38.7%
Share count
Diluted shares outstanding	277	283	284	283	284	273	264	264	261	261	265	286	291	303	305	317	325	330	339	356	360	377	400	423	438	414	423	400	328	279	271	245	197	140

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Revenue and gross profit
Revenue	$21,448	$21,448	$18,831	$16,285	$14,368	$12,726	$9,633	$7,679	$6,784	$6,025	$5,177	$4,694	$4,192	$4,243	$3,946	$3,808	$3,449	$3,403	$3,109	$2,993	$2,673	$2,293	$2,038	$1,802	$1,597	$1,312	$1,261	$1,094	$848	$593	$599	$539	$396	$194	$121
Cost of revenue	($4,253)	($4,253)	($3,848)	($3,465)	($3,143)	($2,406)	($1,683)	($1,378)	($1,167)	($978)	($120)	($131)	($139)	($137)	($125)	($146)	($143)	($144)	($156)	($154)	($509)	–	($373)	($362)	($344)	–	($312)	($78)	($161)	($94)	($226)	($109)	($93)	($51)	($36)
Gross profit	$17,195	$17,195	$14,983	$12,820	$11,225	$10,320	$7,950	$6,301	$5,617	$5,047	$5,057	$4,563	$4,053	$4,106	$3,821	$3,662	$3,306	$3,259	$2,953	$2,839	$2,164	–	$1,665	$1,439	$1,260	–	$949	$1,016	$687	$498	$372	$429	$303	$143	$86
Operating expenses
Research and development	($3,376)	($3,376)	($2,928)	($2,754)	($2,539)	($2,347)	($1,678)	($1,392)	($1,233)	($1,186)	($998)	($881)	($798)	($714)	($647)	($618)	($566)	($564)	($556)	($593)	($473)	($399)	($305)	($281)	($256)	($204)	($207)	($169)	($143)	($109)	($93)	–	($53)	–	–
Selling, general and administrative	($1,623)	($1,623)	($1,601)	($1,418)	($1,300)	($1,460)	($982)	($679)	($597)	($664)	($553)	($518)	($483)	($444)	($412)	($381)	($341)	($346)	($284)	($290)	($1,033)	($934)	($809)	($747)	($652)	($562)	($522)	($488)	($382)	($319)	($200)	($367)	($199)	($282)	($69)
Total operating expenses	($11,311)	($11,311)	($10,060)	($9,190)	($8,084)	($7,749)	($5,450)	($4,125)	($3,763)	($3,487)	($3,639)	($3,321)	($3,315)	($2,806)	($2,613)	($2,494)	($2,224)	($2,355)	($2,270)	($2,195)	($1,526)	–	($1,141)	($1,019)	($921)	–	($993)	($870)	($667)	($481)	($362)	($435)	($316)	($320)	($73)
Total costs and expenses	($15,564)	($15,564)	($13,908)	($12,655)	($11,227)	($10,155)	($7,133)	($5,503)	($4,930)	($4,465)	($3,759)	($3,452)	($3,454)	($2,943)	($2,738)	($2,640)	($2,367)	($2,499)	($2,426)	($2,349)	($2,035)	($1,718)	($1,514)	($1,382)	($1,258)	($1,262)	($1,305)	($948)	($828)	($575)	($589)	($544)	($409)	($371)	($108)
Operating income	$5,884	$5,884	$4,923	$3,630	$3,141	$2,571	$2,500	$2,176	$1,854	$1,560	$1,418	$1,242	$738	$1,300	$1,208	$1,168	$1,082	$904	$683	$644	$638	$575	$524	$420	$339	$50	($44)	$146	$20	$17	$10	($6)	($14)	($177)	$13
Earnings
EBITDA	$6,071	$6,071	$5,095	$3,789	$3,301	$2,758	$2,666	$2,365	$2,053	$1,788	$1,632	$1,437	$895	$1,444	$1,374	$1,339	$1,246	$1,052	$832	$761	$776	$692	$653	$532	$437	$128	$282	$359	$161	$70	$69	$62	$50	($139)	$17
Interest income	$180	$180	$175	$147	$106	$64	$57	$39	$46	$19	$8	–	$1	$4	–	$9	$10	$9	$20	$39	$45	$31	$18	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($256)	($256)	($247)	($242)	($248)	($81)	($29)	($14)	($15)	($20)	($31)	($35)	($27)	($31)	($30)	($50)	($60)	($61)	($51)	($52)	($27)	–	–	–	–	($198)	($302)	–	–	($37)	($12)	–	($8)	–	–
Pre-tax income	$6,017	$6,017	$4,834	$3,550	$2,989	$2,542	$2,556	$2,198	$1,881	$1,566	$1,390	$1,203	$712	$1,300	$1,185	$1,138	$1,042	$856	$653	$690	$696	$616	$556	$453	$388	$71	($97)	$513	$617	($20)	$10	$2	($21)	($174)	$14
Income tax expense	($1,451)	($1,451)	($965)	($587)	($605)	($476)	($494)	($372)	($324)	($237)	($405)	($397)	($299)	($447)	($378)	($374)	($354)	($292)	($206)	($243)	($252)	($235)	($181)	($128)	($128)	($17)	$0	($207)	($241)	$8	($13)	($16)	($24)	($2)	($5)
Net income	$4,566	$4,566	$3,869	$2,963	$2,384	$2,066	$2,062	$1,826	$1,557	$1,329	$985	$979	$365	$907	$858	$792	$634	$574	$447	$477	$440	$417	$382	$317	$343	$140	($83)	$306	$376	($12)	$68	($21)	($45)	($176)	$8
Per share
Diluted EPS (GAAP)	$16.46	$16.46	$13.67	$10.43	$8.42	$7.28	$7.56	$6.92	$5.89	$5.09	$3.78	$3.69	$1.28	$3.12	$2.83	$2.60	$2.00	$1.77	$1.35	$1.41	$1.24	$1.16	$1.01	$0.79	$0.81	$0.32	($0.20)	$0.73	$0.97	($0.0372)	$0.25	($0.0764)	($0.19)	($0.90)	$0.06
Basic EPS (GAAP)	$16.53	$16.53	$13.82	$10.58	$8.49	$7.38	$7.65	$6.99	$5.99	$5.18	$3.83	$3.73	$1.30	$3.18	$2.89	$2.67	$2.06	$1.82	$1.39	$1.45	$1.29	$1.20	$1.03	$0.81	$0.84	$0.33	($0.20)	$0.76	$1.01	($0.0388)	$0.25	($0.0764)	($0.19)	($0.90)	$0.06
Basic shares outstanding	276	276	280	280	281	280	270	261	260	256	257	262	281	285	297	296	307	316	322	329	343	348	369	391	408	425	414	402	382	314	279	271	245	197	140
Margins
Gross margin	80.2%	80.2%	79.6%	78.7%	78.1%	81.1%	82.5%	82.1%	82.8%	83.8%	97.7%	97.2%	96.7%	96.8%	96.8%	96.2%	95.9%	95.8%	95.0%	94.9%	80.9%	–	81.7%	79.8%	78.9%	–	75.3%	92.9%	81.0%	84.1%	62.2%	79.7%	76.5%	73.7%	70.7%
Operating margin	27.4%	27.4%	26.1%	22.3%	21.9%	20.2%	26.0%	28.3%	27.3%	25.9%	27.4%	26.5%	17.6%	30.6%	30.6%	30.7%	31.4%	26.6%	22.0%	21.5%	23.9%	25.1%	25.7%	23.3%	21.2%	3.8%	(3.5%)	13.3%	2.3%	2.9%	1.7%	(1.1%)	(3.5%)	(91.2%)	10.9%
Net margin	21.3%	21.3%	20.5%	18.2%	16.6%	16.2%	21.4%	23.8%	23.0%	22.1%	19.0%	20.9%	8.7%	21.4%	21.7%	20.8%	18.4%	16.9%	14.4%	15.9%	16.5%	18.2%	18.7%	17.6%	21.5%	10.7%	(6.6%)	27.9%	44.4%	(2.1%)	11.4%	(3.8%)	(11.5%)	(90.8%)	6.9%

Analyst consensus

Buy45 analysts

Bearish · 5 · Hold · 13 · Bullish · 27

Earnings history

	EPS	Estimate
Q1 2025	$2.50	$2.35	Beat
Q2 2025	$3.32	$2.57	Beat
Q3 2025	$11.65	$10.93	Beat
Q4 2025	$2.75	$2.66	Beat
Q1 2026	$3.34	$3.09	Beat
Q2 2026	$4.15	$3.68	Beat
Q3 2026	$12.80	$12.57	Beat
Q4 2026	$4.03	$3.58	Beat

Peers

Company overview

IPO dateMar 12, 1993

CEOSasan K. Goodarzi

Employees18,600

SectorTechnology

IndustrySoftware - Application

CountryUS

ExchangeNASDAQ

Websitewww.intuit.com

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. The Global Business Solutions segment provides QuickBooks services, which include financial and business management online services, desktop software, payroll solutions, time tracking, merchant payment processing and bill pay solutions, checking accounts, and financing services for small and mid-market businesses; and Mailchimp, a marketing automation and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online, QuickBooks Live, QuickBooks Online Advanced, QuickBooks Self-Employed, QuickBooks Solopreneur financial and business management offerings, QuickBooks Online Payroll, QuickBooks Checking, QuickBooks Desktop software subscriptions, and QuickBooks Assisted Payroll. The Consumer segment provides do-it-yourself and assisted TurboTax income tax preparation products and services. The Credit Karma segment offers consumers with a personal finance platform that provides recommendations for credit card, home, auto, and personal loan, and insurance products; online savings and checking accounts; and access to its credit scores and reports, credit and identity monitoring, credit report dispute, credit building tools, and tools. The ProTax segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online bill pay tax products, electronic tax filing service, and bank products and related services. It sells products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels. Intuit Inc. was founded in 1983 and is headquartered in Mountain View, California.

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