Common-Size Income Statement
Quarterly Data

Intuit Inc., common-size consolidated income statement (quarterly data)

3 months ended:	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	Jul 31, 2019	Apr 30, 2019	Jan 31, 2019	Oct 31, 2018	Jul 31, 2018	Apr 30, 2018	Jan 31, 2018	Oct 31, 2017
Service	79.53%	82.27%	86.98%	90.31%	80.04%	83.56%	88.77%	90.16%	80.36%	80.22%	88.17%	87.23%	68.59%	72.26%	83.81%	85.24%	67.87%	69.70%	75.35%	84.78%	64.51%	65.85%	67.41%	82.74%	72.88%	64.00%
Product and other	20.47%	17.73%	13.02%	9.69%	19.96%	16.44%	11.23%	9.84%	19.64%	19.78%	11.83%	12.77%	31.41%	27.74%	16.19%	14.76%	32.13%	30.30%	24.65%	15.22%	35.49%	34.15%	32.59%	17.26%	27.12%	36.00%
Net revenue	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%	100.00%	100.00%
Cost of service revenue	-23.51%	-23.74%	-24.19%	-15.35%	-23.31%	-23.87%	-22.49%	-13.57%	-18.82%	-19.28%	-16.95%	-13.54%	-21.00%	-17.69%	-16.63%	-13.49%	-18.28%	-22.92%	-26.06%	-10.09%	-16.91%	-22.34%	-20.34%	-9.30%	-17.77%	-19.19%
Cost of product and other revenue	-0.68%	-0.50%	-0.59%	-0.28%	-0.76%	-0.58%	-0.66%	-0.32%	-0.75%	-0.75%	-0.62%	-0.38%	-1.40%	-1.13%	-0.83%	-0.53%	-1.42%	-1.46%	-1.71%	-0.58%	-1.73%	-1.48%	-2.53%	-0.92%	-3.09%	-2.71%
Amortization of acquired technology	-1.06%	-1.28%	-1.51%	-0.66%	-1.35%	-1.58%	-1.70%	-0.75%	-1.57%	-0.75%	-0.59%	-0.34%	-0.89%	-0.53%	-0.28%	-0.17%	-0.35%	-0.52%	-0.50%	-0.15%	-0.33%	-0.49%	-0.51%	-0.17%	-0.26%	-0.23%
Cost of revenue	-25.25%	-25.52%	-26.29%	-16.30%	-25.42%	-26.03%	-24.86%	-14.63%	-21.14%	-20.78%	-18.16%	-14.26%	-23.29%	-19.35%	-17.73%	-14.19%	-20.05%	-24.89%	-28.27%	-10.82%	-18.97%	-24.31%	-23.38%	-10.39%	-21.12%	-22.12%
Gross profit	74.75%	74.48%	73.71%	83.70%	74.58%	73.97%	75.14%	85.37%	78.86%	79.22%	81.84%	85.74%	76.71%	80.65%	82.27%	85.81%	79.95%	75.11%	71.73%	89.18%	81.03%	75.69%	76.62%	89.61%	78.88%	77.88%
Selling and marketing	-30.12%	-25.82%	-30.97%	-19.99%	-30.38%	-30.61%	-33.43%	-21.79%	-35.24%	-27.40%	-32.99%	-20.54%	-36.80%	-27.36%	-23.35%	-21.59%	-34.96%	-32.88%	-38.33%	-19.93%	-36.48%	-34.06%	-31.17%	-18.77%	-40.26%	-34.76%
Research and development	-20.02%	-22.83%	-25.07%	-10.04%	-20.72%	-24.07%	-25.97%	-10.65%	-22.07%	-26.41%	-20.34%	-11.12%	-23.35%	-24.57%	-21.64%	-11.06%	-19.63%	-28.67%	-33.50%	-9.50%	-19.64%	-28.94%	-31.48%	-10.12%	-24.55%	-33.07%
General and administrative	-10.16%	-11.48%	-12.57%	-5.52%	-10.62%	-11.71%	-13.84%	-8.26%	-14.93%	-13.05%	-10.70%	-6.93%	-15.86%	-12.77%	-10.63%	-6.03%	-9.38%	-12.53%	-15.09%	-5.20%	-9.32%	-13.48%	-21.96%	-5.44%	-12.27%	-16.37%
Amortization of other acquired intangible assets	-3.54%	-4.03%	-4.46%	-1.99%	-3.98%	-4.66%	-5.01%	-2.15%	-4.53%	-2.64%	-2.11%	-1.29%	-2.28%	-0.15%	-0.06%	-0.07%	-0.06%	-0.17%	-0.20%	-0.03%	-0.07%	-0.20%	-0.20%	-0.07%	-0.09%	-0.11%
Operating income (loss)	10.90%	10.31%	0.63%	46.16%	8.88%	2.93%	-3.11%	42.52%	2.10%	9.72%	15.70%	45.87%	-1.59%	15.80%	26.60%	47.07%	15.92%	0.86%	-15.39%	54.52%	15.51%	-0.98%	-8.20%	55.21%	1.72%	-6.43%
Interest expense	-1.68%	-2.18%	-2.51%	-1.10%	-2.14%	-1.89%	-1.33%	-0.37%	-0.79%	-0.35%	-0.27%	-0.17%	-0.44%	-0.60%	-0.39%	-0.07%	-0.18%	-0.17%	-0.30%	-0.12%	-0.27%	-0.39%	-0.40%	-0.17%	-0.52%	-0.56%
Interest and other income (loss), net	1.24%	0.74%	1.70%	0.37%	0.76%	0.19%	0.33%	-0.02%	-0.19%	2.49%	0.31%	0.34%	3.43%	0.68%	0.55%	-0.10%	0.88%	1.20%	1.91%	0.52%	0.40%	0.00%	1.11%	0.24%	0.43%	0.34%
Income (loss) before income taxes	10.45%	8.87%	-0.18%	45.43%	7.50%	1.23%	-4.10%	42.13%	1.12%	11.86%	15.74%	46.03%	1.40%	15.87%	26.76%	46.90%	16.63%	1.89%	-13.78%	54.92%	15.65%	-1.38%	-7.49%	55.28%	1.63%	-6.66%
Income tax (provision) benefit	-0.03%	-0.77%	3.47%	-10.75%	-1.97%	0.31%	1.78%	-10.28%	2.62%	-0.50%	-0.90%	-10.95%	-0.13%	-0.91%	-2.26%	-10.79%	-2.48%	3.00%	9.36%	-12.81%	-3.06%	4.72%	12.45%	-14.26%	-3.43%	4.74%
Net income (loss)	10.43%	8.09%	3.28%	34.68%	5.52%	1.54%	-2.32%	31.85%	3.74%	11.36%	14.84%	35.08%	1.27%	14.97%	24.50%	36.11%	14.15%	4.89%	-4.43%	42.11%	12.58%	3.35%	4.96%	41.03%	-1.80%	-1.92%

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Income statement item	Description	The company
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Intuit Inc. operating income (loss) as a percentage of net revenue increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Income (loss) 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 (loss) before income taxes as a percentage of net revenue increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Intuit Inc. net income (loss) as a percentage of net revenue increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Intuit Inc. (NASDAQ:INTU)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data