Name: Intuit Inc. (NASDAQ:INTU) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Intuit Inc., income statement, revenues

US$ in millions

12 months ended:	Jul 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
QuickBooks Online Accounting	5,051)	4,120)	3,379)	2,849)	2,267)	1,699)
Online Services	4,867)	4,182)	3,513)	2,910)	2,171)	1,051)
Online Ecosystem	9,918)	8,302)	6,892)	5,759)	4,438)	2,750)
QuickBooks Desktop Accounting	1,801)	1,672)	1,389)	1,110)	851)	789)
Desktop Services and Supplies	1,145)	1,103)	1,252)	1,169)	1,171)	1,149)
Desktop Ecosystem	2,946)	2,775)	2,641)	2,279)	2,022)	1,938)
Global Business Solutions	12,864)	11,077)	9,533)	8,038)	6,460)	4,688)
TurboTax	5,296)	4,933)	4,508)	4,135)	3,915)	3,563)
Credit Karma	2,641)	2,200)	1,645)	1,634)	1,805)	865)
ProTax	647)	621)	599)	561)	546)	517)
Consumer	8,584)	7,754)	6,752)	6,330)	6,266)	4,945)
Net revenue	21,448)	18,831)	16,285)	14,368)	12,726)	9,633)

Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31).

Net revenue demonstrates a consistent and significant upward trajectory, growing from US$ 9,633 million in 2021 to a projected US$ 21,448 million by 2026. This expansion is characterized by a strong acceleration in the Global Business Solutions segment and steady gains within the Consumer segment.

Global Business Solutions Performance: The Global Business Solutions segment has emerged as the primary driver of total revenue growth, increasing from US$ 4,688 million in 2021 to US$ 12,864 million by 2026. This growth is heavily skewed toward the Online Ecosystem, which expanded from US$ 2,750 million to US$ 9,918 million over the period. Specifically, QuickBooks Online Accounting and Online Services have shown aggressive growth patterns, contrasting with the more modest expansion of the Desktop Ecosystem.
Desktop to Online Transition: A clear divergence is observed between online and desktop offerings. While the Online Ecosystem grew by approximately 260% between 2021 and 2026, the Desktop Ecosystem grew by only 52%. Furthermore, Desktop Services and Supplies remained virtually stagnant, ending the period at US$ 1,145 million, nearly identical to its 2021 value of US$ 1,149 million, indicating a strategic shift in revenue generation toward cloud-based services.
Consumer Segment Analysis: The Consumer segment grew from US$ 4,945 million in 2021 to US$ 8,584 million by 2026. TurboTax remains the dominant component of this segment, maintaining a steady increase from US$ 3,563 million to US$ 5,296 million. Credit Karma exhibited significant volatility, with a sharp peak in 2022 followed by a contraction and subsequent recovery, ultimately reaching US$ 2,641 million by 2026. ProTax has shown the slowest growth rate among all consumer lines, with a marginal increase from US$ 517 million to US$ 647 million.
Revenue Composition and Diversification: The composition of total revenue has shifted toward the Global Business Solutions segment, which accounted for approximately 48% of net revenue in 2021 and increased to approximately 60% by 2026. This indicates an increasing reliance on the B2B ecosystem, particularly through the scaling of online accounting services, while the Consumer segment's relative contribution to the total revenue mix has diminished.

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