Name: Intuit Inc. (NASDAQ:INTU) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	Jul 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Short-term debt	1,249)	—)	499)	—)	499)	—)
Accounts payable	873)	792)	721)	638)	737)	623)
Accrued compensation and related liabilities	1,068)	858)	921)	665)	576)	530)
Deferred revenue	1,072)	1,019)	872)	921)	808)	684)
Executive deferred compensation plan liabilities	308)	248)	207)	171)	147)	153)
Interest payable	98)	85)	84)	12)	—)	—)
Current portion of operating lease liabilities	85)	69)	71)	89)	84)	66)
Sales, property, and other taxes	68)	55)	47)	45)	40)	5)
Reserve for returns, credits, and promotional discounts	54)	39)	40)	32)	31)	31)
Excise tax on share repurchases	41)	7)	—)	—)	—)	—)
Amounts due for share repurchases	31)	14)	—)	—)	—)	—)
Accrued settlement for state attorneys general	—)	—)	—)	—)	141)	—)
Other	178)	108)	108)	797)	136)	106)
Other current liabilities	863)	625)	557)	1,146)	579)	361)
Current liabilities before funds payable and amounts due to customers	5,125)	3,294)	3,570)	3,370)	3,199)	2,198)
Funds payable and amounts due to customers	5,038)	7,076)	3,921)	420)	431)	457)
Current liabilities	10,163)	10,370)	7,491)	3,790)	3,630)	2,655)
Long-term debt	6,420)	5,973)	5,539)	6,120)	6,415)	2,034)
Long-term deferred income tax liabilities	239)	20)	3)	4)	619)	525)
Operating lease liabilities, excluding current portion	667)	597)	458)	480)	542)	380)
Income tax liabilities	247)	238)	157)	76)	44)	24)
Other	58)	50)	48)	41)	43)	29)
Other long-term obligations	305)	288)	205)	117)	87)	53)
Long-term liabilities	7,631)	6,878)	6,205)	6,721)	7,663)	2,992)
Total liabilities	17,794)	17,248)	13,696)	10,511)	11,293)	5,647)
Preferred stock, $0.01 par value; none issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.01 par value	3)	3)	3)	3)	3)	3)
Additional paid-in capital	—)	21,632)	20,248)	19,026)	17,722)	10,545)
Treasury stock, at cost	—)	(21,543)	(18,750)	(16,772)	(14,805)	(12,951)
Accumulated other comprehensive loss	(57)	(50)	(54)	(55)	(60)	(24)
Retained earnings	19,046)	19,668)	16,989)	15,067)	13,581)	12,296)
Stockholders’ equity	18,992)	19,710)	18,436)	17,269)	16,441)	9,869)
Total liabilities and stockholders’ equity	36,786)	36,958)	32,132)	27,780)	27,734)	15,516)

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).

The financial position exhibits a substantial expansion in total liabilities and stockholders' equity from 2021 to 2026. Total liabilities increased from 5,647 million to 17,794 million, while stockholders' equity grew from 9,869 million to 18,992 million over the same period. This growth reflects a significant increase in the company's overall capital structure and operational scale.

Current Liabilities and Short-Term Obligations: A marked increase in current liabilities is evident, rising from 2,655 million in 2021 to 10,163 million by 2026. The most significant driver of this trend was the volatility in funds payable and amounts due to customers, which peaked at 7,076 million in 2025 before adjusting to 5,038 million in 2026. Other operational liabilities, including accounts payable and deferred revenue, demonstrate a consistent upward trajectory, suggesting growth in customer acquisitions and short-term operational commitments. Accrued compensation and related liabilities also showed steady growth, nearly doubling between 2021 and 2026.
Long-Term Debt and Obligations: Long-term liabilities grew from 2,992 million in 2021 to 7,631 million in 2026. A sharp increase in long-term debt occurred between 2021 and 2022, moving from 2,034 million to 6,415 million, and remained relatively stable thereafter, fluctuating between 5,539 million and 6,420 million. Other long-term obligations and operating lease liabilities have also trended upward, reflecting expanded long-term contractual commitments.
Stockholders' Equity and Capital Management: Stockholders' equity grew from 9,869 million in 2021 to a peak of 19,710 million in 2025, before a slight contraction to 18,992 million in 2026. Retained earnings followed a similar pattern, increasing from 12,296 million in 2021 to 19,668 million in 2025. Concurrently, there is a significant increase in treasury stock, which grew from negative 12,951 million in 2021 to negative 21,543 million in 2025, indicating an aggressive and sustained share repurchase program that has offset some of the growth in total equity.
Liability and Equity Composition: The ratio of total liabilities to stockholders' equity has shifted over time. In 2021, liabilities represented approximately 36% of the total capital structure. By 2026, this proportion increased to approximately 48%. This shift suggests a higher reliance on debt and current obligations to fund operations and growth compared to the beginning of the analyzed period.

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