Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Assets
Quarterly Data

Intuit Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jul 31, 2026 Apr 30, 2026 Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020
Cash and cash equivalents 12.79 11.90 8.58 10.56 7.80 14.87 7.69 8.65 11.23 13.36 4.96 6.09 10.25 12.95 5.69 7.85 10.08 12.38 4.78 19.26 16.51 20.08 13.37 53.30
Investments 6.78 5.34 0.10 0.57 4.51 2.00 0.08 1.46 1.45 1.47 0.05 1.89 2.93 1.81 1.93 2.21 1.75 1.31 0.60 2.60 8.43 6.04 5.38 6.38
Accounts receivable, net 1.70 2.12 3.43 1.74 1.43 1.98 3.21 1.28 1.42 2.50 3.13 1.31 1.46 2.48 3.32 1.42 1.61 2.59 3.38 2.76 2.52 3.52 3.19 1.02
Notes receivable held for investment 3.99 4.23 4.96 4.58 3.80 3.49 4.34 2.69 2.42 2.21 3.37 2.28 2.47 2.42 3.49 2.09 1.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Notes receivable held for sale 0.49 0.18 0.34 0.14 0.00 0.13 0.04 0.03 0.01 0.02 0.07 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income taxes receivable 0.34 0.13 0.25 0.09 0.14 0.02 0.28 0.08 0.24 0.01 0.42 0.06 0.10 0.01 0.25 0.32 0.34 0.02 0.92 0.75 0.79 0.03 1.05 0.30
Prepaid expenses and other current assets 1.84 1.73 3.61 1.90 1.34 1.40 2.67 1.23 1.14 1.07 1.16 1.36 1.27 1.98 1.44 1.20 1.03 2.35 2.17 2.75 2.04 1.94 2.14 2.53
Current assets before funds receivable and amounts held for customers 27.93% 25.62% 21.26% 19.59% 19.02% 23.90% 18.31% 15.42% 17.92% 20.64% 13.17% 13.01% 18.49% 21.65% 16.10% 15.09% 16.64% 18.65% 11.84% 28.12% 30.29% 31.60% 25.13% 63.53%
Funds receivable and amounts held for customers 13.70 19.73 12.88 11.80 19.15 14.27 10.52 16.89 12.20 8.62 11.42 8.86 1.51 1.34 1.38 1.73 1.55 1.89 1.43 2.06 2.95 2.21 2.92 4.99
Current assets 41.62% 45.35% 34.14% 31.40% 38.17% 38.16% 28.83% 32.31% 30.12% 29.26% 24.59% 21.87% 20.00% 22.99% 17.48% 16.81% 18.20% 20.54% 13.27% 30.17% 33.24% 33.81% 28.04% 68.52%
Long-term investments 0.67 0.45 0.37 0.28 0.25 0.24 0.28 0.27 0.41 0.41 0.43 0.38 0.38 0.35 0.40 0.36 0.35 0.34 0.34 0.56 0.28 0.26 0.28 0.29
Property and equipment, net 2.78 2.53 2.84 2.91 2.60 2.66 3.13 3.04 3.14 3.27 3.53 3.56 3.49 3.24 3.42 3.42 3.20 3.01 3.16 5.31 5.03 5.02 5.43 7.65
Operating lease right-of-use assets 1.66 1.53 1.73 1.80 1.46 1.53 1.63 1.62 1.28 1.36 1.50 1.60 1.69 1.68 1.87 1.98 1.98 1.49 1.67 2.72 2.45 2.35 2.69 2.39
Goodwill 38.01 35.55 40.79 42.12 37.83 37.84 43.69 41.71 43.08 43.66 46.41 48.36 49.60 47.64 50.65 50.70 49.53 48.16 52.21 37.75 36.18 35.63 38.35 17.48
Acquired intangible assets, net 12.62 12.22 14.50 15.47 14.35 14.75 17.38 17.06 18.11 18.85 20.56 21.98 23.11 22.75 24.77 25.47 25.46 25.33 28.09 21.49 20.96 21.08 23.18 0.65
Long-term deferred income tax assets 0.47 0.29 3.23 3.53 3.31 2.90 2.95 2.40 2.17 1.62 1.29 0.75 0.23 0.04 0.04 0.04 0.04 0.03 0.03 0.05 0.05 0.04 0.04 0.62
Other assets 2.17 2.08 2.41 2.49 2.03 1.91 2.11 1.59 1.68 1.57 1.69 1.51 1.50 1.30 1.36 1.22 1.24 1.09 1.24 1.94 1.82 1.82 1.99 2.40
Long-term assets 58.38% 54.65% 65.86% 68.60% 61.83% 61.84% 71.17% 67.69% 69.88% 70.74% 75.41% 78.13% 80.00% 77.01% 82.52% 83.19% 81.80% 79.46% 86.73% 69.83% 66.76% 66.19% 71.96% 31.48%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).

The asset composition exhibits a structural shift from a highly liquid position to one dominated by intangible assets following a significant acquisition event, followed by a gradual re-balancing toward current assets in later periods.

Liquidity and Current Asset Trends
Cash and cash equivalents represented a majority of total assets at 53.30% in October 2020 but experienced a sharp contraction, stabilizing between 4% and 15% for the remainder of the period. Total current assets followed a similar volatile trajectory, dropping from a high of 68.52% in October 2020 to a low of 13.27% in January 2022, before trending upward to reach 41.62% by July 2026.
Impact of Acquisitions and Intangible Assets
A substantial increase in non-current assets is observed starting in January 2021, driven by a surge in goodwill and acquired intangible assets. Goodwill rose from 17.48% in October 2020 to a peak of 52.21% in January 2022, while acquired intangible assets jumped from 0.65% to a peak of 28.09% in the same timeframe. Both metrics show a gradual downward trend thereafter, with acquired intangibles declining to 12.62% by July 2026, likely reflecting systematic amortization.
Evolution of Specialized Receivables
New asset categories emerged or expanded significantly in the latter half of the analysis. Notes receivable held for investment appeared in July 2022 at 1.84% and generally climbed to 3.99% by July 2026. More notably, funds receivable and amounts held for customers showed a marked increase starting in October 2023 (8.86%), peaking at 19.73% in April 2026, indicating a shift in the operational nature of the balance sheet.
Long-term Asset Trajectory
Long-term assets peaked at 86.73% in January 2022, coinciding with the peak in goodwill. Since then, a steady contraction has occurred, with long-term assets reducing to 58.38% by July 2026. This trend is mirrored by a decline in property and equipment, net, which moved from 7.65% in October 2020 to a range of 2.5% to 3.5% for the majority of the subsequent years.

Overall, the financial profile evolved from a cash-rich position to an intangible-heavy structure following an aggressive acquisition phase, and is currently trending toward a more diversified asset base with an increasing emphasis on customer-related receivables and a restoration of current asset proportions.

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