Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Intuit Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jul 31, 2026 Jul 31, 2025 Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021
Short-term debt 3.40 0.00 1.55 0.00 1.80 0.00
Accounts payable 2.37 2.14 2.24 2.30 2.66 4.02
Accrued compensation and related liabilities 2.90 2.32 2.87 2.39 2.08 3.42
Deferred revenue 2.91 2.76 2.71 3.32 2.91 4.41
Executive deferred compensation plan liabilities 0.84 0.67 0.64 0.62 0.53 0.99
Interest payable 0.27 0.23 0.26 0.04 0.00 0.00
Current portion of operating lease liabilities 0.23 0.19 0.22 0.32 0.30 0.43
Sales, property, and other taxes 0.18 0.15 0.15 0.16 0.14 0.03
Reserve for returns, credits, and promotional discounts 0.15 0.11 0.12 0.12 0.11 0.20
Excise tax on share repurchases 0.11 0.02 0.00 0.00 0.00 0.00
Amounts due for share repurchases 0.08 0.04 0.00 0.00 0.00 0.00
Accrued settlement for state attorneys general 0.00 0.00 0.00 0.00 0.51 0.00
Other 0.48 0.29 0.34 2.87 0.49 0.68
Other current liabilities 2.35% 1.69% 1.73% 4.13% 2.09% 2.33%
Current liabilities before funds payable and amounts due to customers 13.93% 8.91% 11.11% 12.13% 11.53% 14.17%
Funds payable and amounts due to customers 13.70 19.15 12.20 1.51 1.55 2.95
Current liabilities 27.63% 28.06% 23.31% 13.64% 13.09% 17.11%
Long-term debt 17.45 16.16 17.24 22.03 23.13 13.11
Long-term deferred income tax liabilities 0.65 0.05 0.01 0.01 2.23 3.38
Operating lease liabilities, excluding current portion 1.81 1.62 1.43 1.73 1.95 2.45
Income tax liabilities 0.67 0.64 0.49 0.27 0.16 0.15
Other 0.16 0.14 0.15 0.15 0.16 0.19
Other long-term obligations 0.83% 0.78% 0.64% 0.42% 0.31% 0.34%
Long-term liabilities 20.74% 18.61% 19.31% 24.19% 27.63% 19.28%
Total liabilities 48.37% 46.67% 42.62% 37.84% 40.72% 36.39%
Preferred stock, $0.01 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.02
Additional paid-in capital 0.00 58.53 63.02 68.49 63.90 67.96
Treasury stock, at cost 0.00 -58.29 -58.35 -60.37 -53.38 -83.47
Accumulated other comprehensive loss -0.15 -0.14 -0.17 -0.20 -0.22 -0.15
Retained earnings 51.78 53.22 52.87 54.24 48.97 79.25
Stockholders’ equity 51.63% 53.33% 57.38% 62.16% 59.28% 63.61%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

A systematic shift in the capital structure is evident over the analyzed period, characterized by a steady increase in total liabilities and a corresponding decline in stockholders' equity. Total liabilities rose from 36.39% of total liabilities and stockholders' equity in 2021 to 48.37% by 2026. Simultaneously, stockholders' equity decreased from 63.61% to 51.63% over the same timeframe, indicating a higher reliance on external financing and obligations relative to equity.

Current Liabilities and Liquidity Trends
Current liabilities exhibited an upward trajectory, increasing from 17.11% in 2021 to 27.63% in 2026. The primary driver of this increase is the significant volatility and growth in funds payable and amounts due to customers, which rose from 2.95% in 2021 to a peak of 19.15% in 2025 before moderating to 13.70% in 2026. Other current liabilities, including accounts payable and deferred revenue, remained relatively stable or experienced slight declines, suggesting that the increase in short-term obligations is tied specifically to customer-related funds.
Long-Term Debt and Obligations
Long-term debt saw a sharp increase between 2021 (13.11%) and 2022 (23.13%), after which it entered a period of gradual stabilization, ending at 17.45% in 2026. Long-term deferred income tax liabilities experienced a notable contraction, falling from 3.38% in 2021 to nearly negligible levels by 2024, before a slight uptick to 0.65% in 2026. The overall long-term liabilities profile shifted from 19.28% in 2021 to 20.74% in 2026, showing less volatility than current liabilities.
Equity Composition and Shareholder Value
The equity section is characterized by aggressive share repurchase activity, as evidenced by the substantial negative balance of treasury stock, which ranged from -83.47% in 2021 to -58.29% in 2025. Retained earnings showed a significant downward trend, decreasing from 79.25% in 2021 to 51.78% in 2026, further reflecting the impact of capital redistribution to shareholders. Additional paid-in capital remained relatively consistent, fluctuating between 58.53% and 68.49%.
Other Notable Liability Patterns
Short-term debt remained low for much of the period but showed a notable increase to 3.40% by 2026. Accrued compensation and related liabilities remained stable, fluctuating between 2.08% and 3.42%. Interest payable emerged as a visible line item starting in 2023, rising from 0.04% to 0.27% by 2026, coinciding with the persistence of long-term debt levels.

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