Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

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Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
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 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Cash and cash equivalents
Investments
Accounts receivable, net
Notes receivable held for investment
Notes receivable held for sale
Income taxes receivable
Prepaid expenses and other current assets
Current assets before funds receivable and amounts held for customers
Funds receivable and amounts held for customers
Current assets
Long-term investments
Property and equipment, net
Operating lease right-of-use assets
Goodwill
Acquired intangible assets, net
Long-term deferred income tax assets
Other assets
Long-term assets
Total assets

Based on: 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), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).

The composition of assets at the company exhibits significant shifts over the analyzed period, spanning from October 2019 to January 2026. A notable trend involves fluctuations in the allocation between current and long-term assets, alongside changes within the components of each category.

Cash and Cash Equivalents
Cash and cash equivalents demonstrated considerable volatility. Initially representing a substantial portion of assets (26.36% in October 2019), it peaked in July 2020 (58.93%) before declining significantly to 4.96% by January 2024. A modest recovery to 7.69% in January 2025 was followed by a further decrease to 7.80% in July 2025. This suggests periods of aggressive cash accumulation followed by deployment into other assets or operational needs.
Investments
The proportion of assets held as investments remained relatively stable between 5.56% and 10.11% for much of the period. However, a sharp decline to 0.05% was observed in April 2024, followed by a slight recovery to 0.10% in January 2026. This indicates a potential shift in investment strategy or liquidation of investment holdings.
Accounts Receivable
Accounts receivable experienced a substantial increase from 1.68% in October 2019 to a peak of 9.00% in January 2020. It then generally decreased, fluctuating between approximately 1.28% and 3.32% before rising again to 3.43% in January 2026. This pattern could reflect changes in sales terms, collection efficiency, or overall revenue levels.
Notes Receivable
Notes receivable, both held for investment and sale, became increasingly significant over time. Notes receivable held for investment grew from an immaterial amount to nearly 5% of total assets by October 2025, while notes receivable held for sale remained a small percentage, increasing from 0% to 0.34% in January 2026. This suggests a growing reliance on financing through notes receivable.
Goodwill and Intangible Assets
Goodwill consistently represented a large portion of total assets, initially at 26.77% in October 2019. While fluctuating, it peaked at 52.21% in January 2022 before decreasing to 40.79% in January 2026. Acquired intangible assets also constituted a significant portion, increasing from 0.79% to a peak of 28.09% in January 2022, then declining to 18.11% in January 2026. These trends suggest substantial acquisitions and potential impairment considerations.
Current Assets vs. Long-Term Assets
The balance between current and long-term assets shifted considerably. From October 2019 to July 2020, current assets represented over 50% of the total. However, from January 2021 onwards, long-term assets became the dominant component, consistently exceeding 60% of total assets. This indicates a strategic shift towards longer-term investments and a reduced reliance on liquid assets.
Funds Receivable and Amounts Held for Customers
Funds receivable and amounts held for customers showed a notable increase, particularly from 2023 onwards, reaching a high of 12.88% in January 2026. This suggests a growing volume of transactions processed on behalf of customers, or a change in the timing of cash flows related to customer funds.

Overall, the asset composition demonstrates a dynamic evolution, characterized by significant fluctuations in cash holdings, a growing reliance on long-term assets, and increasing prominence of notes receivable and funds held for customers. These changes likely reflect strategic decisions related to investment, financing, and operational activities.