Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

Paying user area

Try for free

Intuit Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check

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

US$ in millions

Microsoft Excel
Jul 31, 2026 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
Short-term debt
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Income taxes payable
Other current liabilities
Current liabilities before funds payable and amounts due to customers
Funds payable and amounts due to customers
Current liabilities
Long-term debt
Operating lease liabilities, excluding current portion
Other long-term obligations
Long-term liabilities
Total liabilities
Preferred stock
Common stock and additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2026-07-31), 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).

The total liability profile exhibits a substantial upward trajectory over the observed period, increasing from 4,462 million USD in October 2020 to 17,794 million USD by July 2026. This growth is characterized by a significant inflection point in early 2022, where total liabilities more than doubled, driven by both a surge in long-term debt and a gradual escalation in current obligations.

Current Liabilities and Customer Obligations
A primary driver of short-term liability growth is the "Funds payable and amounts due to customers" account, which rose from 484 million USD in October 2020 to 5,038 million USD by July 2026. This category shows extreme volatility and peaked at 7,760 million USD in April 2026, suggesting a significant expansion in the volume of customer-related financial flows. Deferred revenue also demonstrated a consistent upward trend, growing from 574 million USD to 1,072 million USD, indicating an increase in prepaid services or subscription-based growth.
Long-Term Debt and Financing
Long-term debt experienced a sharp increase between October 2021 and January 2022, jumping from 2,037 million USD to 6,732 million USD. Following this expansion, the debt levels remained relatively stable, fluctuating between 5,391 million USD and 6,853 million USD for several years, before rising again to 6,420 million USD in July 2026. This suggests a strategic shift in the capital structure toward higher leverage during the 2022 period.
Equity Structure and Share Repurchases
Stockholders' equity grew from 5,245 million USD in October 2020 to 18,992 million USD in July 2026. This growth was fueled by a steady increase in retained earnings, which climbed from 10,926 million USD to a peak of 22,854 million USD in April 2026. Simultaneously, an aggressive share repurchase program is evident, as treasury stock at cost expanded from -11,929 million USD to a peak of -24,916 million USD in April 2026, indicating a consistent return of capital to shareholders.
Overall Solvency and Capital Balance
The balance between total liabilities and stockholders' equity shifted over time. While equity increased, the growth in total liabilities—particularly the customer-related funds—has outpaced equity growth in the latter half of the period. The total liabilities and stockholders' equity combined increased from 9,707 million USD to 36,786 million USD, reflecting a massive expansion of the balance sheet scale.