Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Intuit Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Intuit Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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 balance sheet exhibits a trajectory of aggressive asset expansion, with total assets growing from 6,183 million USD in October 2019 to 39,330 million USD by April 2026. This growth is primarily characterized by significant inorganic expansion and a substantial increase in current asset volatility.
- Inorganic Growth and Intangible Assets
- A profound shift in the asset structure occurred between January 2021 and January 2022. Goodwill increased from 1,655 million USD in October 2020 to 5,598 million USD in January 2021, and further surged to 13,732 million USD by January 2022. Similarly, acquired intangible assets rose from 63 million USD in October 2020 to 7,388 million USD in January 2022. Following this peak, intangible assets have shown a consistent downward trend due to amortization, declining to 4,807 million USD by April 2026, while goodwill remained relatively stable.
- Liquidity and Cash Management
- Cash and cash equivalents demonstrate significant quarterly fluctuations. A notable peak occurred in July 2020 at 6,442 million USD, followed by several cycles of contraction and expansion. By April 2026, cash levels reached 4,681 million USD. Short-term investments have remained relatively low and volatile, with a significant dip to 15 million USD in January 2024 before recovering to 2,099 million USD by April 2026.
- Current Asset Composition
- There is a marked increase in funds receivable and amounts held for customers, which rose from 413 million USD in October 2019 to 7,760 million USD by April 2026. A pivotal jump is observed in October 2023, where this figure increased from 420 million USD to 2,525 million USD, suggesting a shift in business operations or the adoption of new financial services. Accounts receivable also show seasonal volatility, generally peaking in January of each year.
- Long-Term Investment Trends
- Notes receivable held for investment were introduced to the balance sheet in July 2022 at 509 million USD and have grown steadily to 1,662 million USD by April 2026. Long-term deferred income tax assets also experienced a significant upward trend starting in 2023, peaking at 1,222 million USD in July 2025 before a sharp decline to 113 million USD by April 2026.
- Fixed and Other Assets
- Property and equipment, net, have grown modestly and steadily from 773 million USD in 2019 to 996 million USD in 2026. Operating lease right-of-use assets have remained relatively stable, oscillating between 220 million USD and 601 million USD over the analyzed period.