Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Income Statement

Intuit Inc., common-size consolidated income statement

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12 months ended: Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
Product 13.71 13.73 17.63 21.29 23.92 24.51
Service and other 86.29 86.27 82.37 78.71 76.08 75.49
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of product revenue -0.49 -0.54 -0.72 -0.94 -1.14 -1.88
Cost of service and other revenue -20.25 -17.26 -16.24 -16.72 -15.77 -14.25
Amortization of acquired technology -1.13 -1.10 -0.52 -0.29 -0.29 -0.25
Cost of revenue -21.88% -18.91% -17.47% -17.95% -17.20% -16.38%
Gross profit 78.13% 81.09% 82.53% 82.05% 82.80% 83.62%
Selling and marketing -26.18 -27.71 -27.45 -26.67 -28.41 -27.40
Research and development -17.67 -18.44 -17.42 -18.13 -18.18 -19.89
General and administrative -9.05 -11.47 -10.19 -8.84 -8.80 -11.13
Amortization of other acquired intangible assets -3.36 -3.27 -1.52 -0.08 -0.09 -0.10
Operating income 21.86% 20.20% 25.95% 28.34% 27.33% 25.10%
Interest expense -1.73 -0.64 -0.30 -0.18 -0.22 -0.34
Interest and other income, net 0.67 0.41 0.88 0.47 0.62 0.44
Income before income taxes 20.80% 19.97% 26.53% 28.62% 27.73% 25.20%
Income tax provision -4.21 -3.74 -5.13 -4.84 -4.78 -4.90
Net income 16.59% 16.23% 21.41% 23.78% 22.95% 20.31%

Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Intuit Inc. operating income as a percentage of net revenue decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intuit Inc. income before income taxes as a percentage of net revenue decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuit Inc. net income as a percentage of net revenue decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.