Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

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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 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Short-term debt 1.91 2.18 2.26 0.00 1.37 1.58 1.50 1.55 0.00 0.00 0.00 0.00 1.73 1.84 1.84 1.80 0.00 0.00 0.00 0.00 0.00 2.23 3.35 12.24 4.51 0.57 0.81
Accounts payable 2.79 2.76 2.02 2.14 2.74 3.28 1.96 2.24 2.81 2.66 2.21 2.30 3.18 2.98 2.47 2.66 3.16 3.36 3.57 4.02 3.81 3.33 2.64 2.79 4.95 6.79 4.40
Accrued compensation and related liabilities 1.95 2.05 1.44 2.32 2.04 1.97 1.24 2.87 2.18 1.84 1.54 2.39 2.16 1.85 1.48 2.08 1.90 1.57 2.13 3.42 3.02 2.23 2.40 4.41 4.48 3.89 3.25
Deferred revenue 2.68 3.33 3.15 2.76 2.62 3.24 2.69 2.71 2.67 2.99 2.68 3.32 2.87 3.13 2.58 2.91 2.60 3.13 4.03 4.41 4.12 5.15 5.91 5.96 8.14 10.01 8.96
Income taxes payable 0.00 0.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other current liabilities 2.16 2.36 1.98 1.69 3.35 2.08 1.68 1.73 3.24 2.03 2.24 4.13 3.98 3.01 2.17 2.09 3.04 1.81 2.59 2.33 4.04 2.48 2.88 2.72 7.86 4.75 4.32
Current liabilities before funds payable and amounts due to customers 11.48% 12.92% 10.85% 8.91% 12.11% 12.14% 9.08% 11.11% 10.90% 9.52% 8.67% 12.13% 13.92% 12.82% 10.55% 11.53% 10.70% 9.86% 12.32% 14.17% 15.00% 15.42% 17.18% 28.12% 29.93% 26.01% 21.74%
Funds payable and amounts due to customers 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 4.16 5.01 6.88 6.68
Current liabilities 31.21% 25.80% 22.65% 28.06% 26.38% 22.66% 25.97% 23.31% 19.53% 20.94% 17.54% 13.64% 15.27% 14.20% 12.28% 13.09% 12.59% 11.28% 14.38% 17.11% 17.21% 18.34% 22.17% 32.28% 34.94% 32.89% 28.42%
Long-term debt 13.76 15.78 16.24 16.16 16.14 18.18 16.95 17.24 18.86 20.04 20.64 22.03 21.12 24.17 23.95 23.13 24.03 25.59 13.70 13.11 12.90 13.93 20.93 18.58 0.62 5.57 6.03
Operating lease liabilities, excluding current portion 1.67 1.88 1.94 1.62 1.68 1.81 1.78 1.43 1.48 1.59 1.66 1.73 1.73 1.89 1.96 1.95 1.46 1.63 2.71 2.45 2.32 2.68 2.35 2.02 2.77 4.27 4.80
Other long-term obligations 0.91 0.95 0.95 0.83 0.80 0.70 0.67 0.65 0.70 0.47 0.52 0.44 1.06 1.50 2.50 2.55 2.43 2.20 3.76 3.73 4.40 4.31 0.52 0.40 0.62 1.66 1.99
Long-term liabilities 16.34% 18.62% 19.13% 18.61% 18.62% 20.69% 19.40% 19.31% 21.04% 22.11% 22.82% 24.19% 23.91% 27.56% 28.40% 27.63% 27.92% 29.43% 20.17% 19.28% 19.62% 20.91% 23.80% 21.00% 4.01% 11.49% 12.83%
Total liabilities 47.55% 44.42% 41.79% 46.67% 45.00% 43.35% 45.36% 42.62% 40.57% 43.05% 40.35% 37.84% 39.17% 41.76% 40.68% 40.72% 40.52% 40.71% 34.55% 36.39% 36.83% 39.25% 45.97% 53.29% 38.95% 44.38% 41.24%
Preferred stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock and additional paid-in capital 57.83 65.15 66.27 58.54 58.43 66.27 62.12 63.02 63.50 66.49 68.09 68.50 64.87 67.61 66.76 63.91 61.30 65.40 72.08 67.98 65.88 69.95 64.73 56.55 78.98 89.75 95.12
Treasury stock, at cost -63.35 -68.13 -67.47 -58.29 -56.83 -63.26 -58.21 -58.35 -58.60 -60.33 -60.99 -60.37 -56.38 -58.17 -56.58 -53.38 -50.14 -52.50 -89.37 -83.47 -79.22 -82.92 -122.89 -109.13 -153.65 -177.42 -190.04
Accumulated other comprehensive loss -0.14 -0.14 -0.15 -0.14 -0.13 -0.20 -0.16 -0.17 -0.18 -0.20 -0.27 -0.20 -0.21 -0.23 -0.32 -0.22 -0.19 -0.13 -0.20 -0.15 -0.15 -0.16 -0.36 -0.29 -0.57 -0.52 -0.57
Retained earnings 58.11 58.70 59.57 53.22 53.52 53.84 50.89 52.87 54.72 51.00 52.82 54.24 52.56 49.03 49.46 48.97 48.51 46.52 82.94 79.25 76.67 73.87 112.56 99.58 136.28 143.81 154.25
Stockholders’ equity 52.45% 55.58% 58.21% 53.33% 55.00% 56.65% 54.64% 57.38% 59.43% 56.95% 59.65% 62.16% 60.83% 58.24% 59.32% 59.28% 59.48% 59.29% 65.45% 63.61% 63.17% 60.75% 54.03% 46.71% 61.05% 55.62% 58.76%
Total liabilities and stockholders’ equity 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% 100.00%

Based on: 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), 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 financial structure of the organization exhibits a shift in the composition of its liabilities and a gradual reduction in the relative weight of stockholders' equity over the analyzed period. Total liabilities have fluctuated between approximately 34% and 53% of the total balance sheet, ending the period at 47.55% as of April 30, 2026.

Current Liabilities and Operational Obligations
Current liabilities demonstrate a cyclical pattern with a significant recent upward trend, rising from 17.54% in July 2023 to 31.21% by April 2026. This increase is primarily driven by a substantial growth in funds payable and amounts due to customers, which surged from a low of 1.34% in April 2023 to a peak of 19.73% in April 2026. Conversely, deferred revenue has seen a long-term decline, falling from nearly 9% in 2019 to between 2.6% and 3.3% in more recent quarters, suggesting a change in the timing of revenue recognition or a shift in the product mix.
Long-term Debt and Capital Structure
Long-term debt experienced a significant expansion between July 2020 and January 2022, peaking at 25.59% of total liabilities and stockholders' equity. Following this peak, a consistent deleveraging trend is observed, with long-term debt declining to 13.76% by April 2026. This indicates a strategic reduction in long-term borrowing over the last four years. Other long-term obligations have remained minimal, generally staying below 1% of the total balance sheet since early 2023.
Stockholders' Equity and Capital Returns
Stockholders' equity has generally trended downward as a percentage of the total balance sheet, moving from 58.76% in October 2019 to 52.45% in April 2026. A notable characteristic is the volatility and magnitude of treasury stock and retained earnings. Retained earnings dropped sharply from 154.25% in 2019 to approximately 58.11% by April 2026. This coincides with high negative values for treasury stock, which peaked at -190.04% in October 2019 before stabilizing in the -60% to -70% range. These patterns suggest an aggressive program of share repurchases and capital distribution to shareholders.
Overall Leverage and Risk Profile
The overall risk profile has evolved from being driven by long-term debt in the 2020-2022 period to being driven by short-term operational liabilities in the 2024-2026 period. The increase in funds payable relative to the total balance sheet suggests a higher volume of customer-related obligations, which now constitute a larger portion of the organization's financing than long-term debt.

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