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.

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

US$ in millions

	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	—)	500)	500)	499)	499)	—)	—)	—)	—)	501)	501)	499)	499)	—)	—)	—)	—)	—)	325)	325)	1,338)	350)	38)	50)
Accounts payable	792)	1,002)	1,038)	652)	721)	886)	789)	630)	638)	921)	811)	670)	737)	900)	883)	531)	623)	601)	486)	256)	305)	384)	455)	272)
Accrued compensation and related liabilities	858)	747)	623)	413)	921)	689)	547)	439)	665)	625)	502)	401)	576)	543)	413)	316)	530)	476)	326)	233)	482)	348)	261)	201)
Deferred revenue	1,019)	957)	1,025)	892)	872)	843)	887)	763)	921)	829)	852)	698)	808)	741)	822)	600)	684)	650)	752)	574)	652)	632)	671)	554)
Other current liabilities	625)	1,227)	659)	557)	557)	1,023)	603)	639)	1,146)	1,151)	820)	589)	579)	868)	475)	385)	361)	637)	362)	280)	297)	610)	318)	267)
Current liabilities before funds payable and amounts due to customers	3,294)	4,433)	3,845)	3,013)	3,570)	3,441)	2,826)	2,471)	3,370)	4,027)	3,486)	2,857)	3,199)	3,052)	2,593)	1,832)	2,198)	2,364)	2,251)	1,668)	3,074)	2,324)	1,743)	1,344)
Funds payable and amounts due to customers	7,076)	5,221)	3,334)	5,606)	3,921)	2,722)	3,390)	2,525)	420)	388)	376)	468)	431)	539)	375)	306)	457)	348)	426)	484)	455)	389)	461)	413)
Current liabilities	10,370)	9,654)	7,179)	8,619)	7,491)	6,163)	6,216)	4,996)	3,790)	4,415)	3,862)	3,325)	3,630)	3,591)	2,968)	2,138)	2,655)	2,712)	2,677)	2,152)	3,529)	2,713)	2,204)	1,757)
Long-term debt	5,973)	5,906)	5,760)	5,625)	5,539)	5,952)	5,950)	5,879)	6,120)	6,109)	6,576)	6,486)	6,415)	6,853)	6,732)	2,037)	2,034)	2,033)	2,033)	2,032)	2,031)	48)	373)	373)
Operating lease liabilities, excluding current portion	597)	614)	573)	592)	458)	468)	473)	474)	480)	499)	514)	530)	542)	415)	429)	403)	380)	365)	391)	228)	221)	215)	286)	297)
Other long-term obligations	308)	294)	221)	221)	208)	220)	141)	147)	121)	306)	408)	677)	706)	694)	579)	559)	578)	693)	629)	50)	44)	48)	111)	123)
Long-term liabilities	6,878)	6,814)	6,554)	6,438)	6,205)	6,640)	6,564)	6,500)	6,721)	6,914)	7,498)	7,693)	7,663)	7,962)	7,740)	2,999)	2,992)	3,091)	3,053)	2,310)	2,296)	311)	770)	793)
Total liabilities	17,248)	16,468)	13,733)	15,057)	13,696)	12,803)	12,780)	11,496)	10,511)	11,329)	11,360)	11,018)	11,293)	11,553)	10,708)	5,137)	5,647)	5,803)	5,730)	4,462)	5,825)	3,024)	2,974)	2,550)
Preferred stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital	21,635)	21,380)	20,995)	20,619)	20,251)	20,040)	19,739)	19,398)	19,029)	18,760)	18,392)	18,082)	17,725)	17,479)	17,202)	10,718)	10,548)	10,382)	10,212)	6,283)	6,182)	6,132)	6,014)	5,881)
Treasury stock, at cost	(21,543)	(20,795)	(20,041)	(19,320)	(18,750)	(18,495)	(17,911)	(17,375)	(16,772)	(16,307)	(15,824)	(15,324)	(14,805)	(14,297)	(13,808)	(13,289)	(12,951)	(12,484)	(12,104)	(11,929)	(11,929)	(11,929)	(11,889)	(11,750)
Accumulated other comprehensive loss	(50)	(46)	(64)	(54)	(54)	(58)	(60)	(78)	(55)	(61)	(63)	(87)	(60)	(53)	(34)	(29)	(24)	(24)	(23)	(35)	(32)	(44)	(35)	(35)
Retained earnings	19,668)	19,586)	17,059)	16,891)	16,989)	17,270)	15,140)	15,047)	15,067)	15,200)	13,337)	13,396)	13,581)	13,832)	12,235)	12,333)	12,296)	12,081)	10,783)	10,926)	10,885)	10,581)	9,637)	9,537)
Stockholders’ equity	19,710)	20,125)	17,949)	18,136)	18,436)	18,757)	16,908)	16,992)	17,269)	17,592)	15,842)	16,067)	16,441)	16,961)	15,595)	9,733)	9,869)	9,955)	8,868)	5,245)	5,106)	4,740)	3,727)	3,633)
Total liabilities and stockholders’ equity	36,958)	36,593)	31,682)	33,193)	32,132)	31,560)	29,688)	28,488)	27,780)	28,921)	27,202)	27,085)	27,734)	28,514)	26,303)	14,870)	15,516)	15,758)	14,598)	9,707)	10,931)	7,764)	6,701)	6,183)

Short-term debt: Short-term debt showed a significant spike in the quarter ending July 31, 2020, increasing sharply from 38 million to 1,338 million USD, followed by a rapid decline back below 500 million USD in subsequent periods. It remained relatively stable around 500 million USD from early 2022 through mid-2025.
Accounts payable: Accounts payable exhibited notable volatility with significant increases and decreases over the observed periods. There was an initial rise from 272 million USD to a peak of 1,038 million by the third quarter of 2025, indicating growing short-term obligations to suppliers or creditors.
Accrued compensation and related liabilities: Accrued compensation increased gradually over the period, reaching a peak of 921 million USD in the quarter ending July 2024, followed by some fluctuation but maintaining an overall upward trend indicative of growing employee-related liabilities.
Deferred revenue: Deferred revenue remained relatively stable but showed a gradual increase overall, peaking over 1,000 million USD by mid-2025. This reflects a steady accumulation of upfront payments received for goods or services yet to be delivered.
Other current liabilities: Other current liabilities fluctuated widely, with pronounced spikes reaching a high of 1,227 million USD in the third quarter of 2025, suggesting episodic recognition of miscellaneous obligations.
Current liabilities before funds payable and amounts due to customers: This aggregate measure mirrored the trends in individual current liabilities, peaking in the last few quarters at around 4,433 million USD and showing considerable volatility throughout the period.
Funds payable and amounts due to customers: Funds payable and amounts due to customers demonstrated substantial growth especially from early 2022 onward, rising sharply to over 7,000 million USD by the third quarter of 2025. This strong increase indicates expansion in customer-related funds liabilities.
Current liabilities: Overall current liabilities, combining the above components, increased markedly over the period, nearly doubling from around 1,757 million USD in late 2019 to over 10,000 million USD by mid-2025, reflecting growing short-term obligations.
Long-term debt: Long-term debt was relatively stable until early 2021, after which it surged drastically to above 6,700 million USD by early 2022 and remained broadly stable with minor fluctuations around 6,000 million USD thereafter.
Operating lease liabilities, excluding current portion: These liabilities showed gradual and steady growth from approximately 297 million USD to over 600 million USD by mid-2025, indicating moderate increases in non-current lease obligations.
Other long-term obligations: Other long-term obligations fluctuated significantly, peaking at around 700 million USD but decreasing markedly by mid-2023, before rising again, showing irregular patterns in other non-current liabilities.
Long-term liabilities: Total long-term liabilities surged from below 1,000 million USD in late 2019 to over 7,800 million USD by the first quarter of 2022. This total then stabilized with slight declines and fluctuations around 6,800 million USD by mid-2025.
Total liabilities: Total liabilities grew substantially over the period, nearly tripling from approximately 2,550 million USD to over 17,000 million USD by mid-2025, reflecting significant increases in both current and long-term obligations.
Common stock and additional paid-in capital: Common stock and additional paid-in capital steadily increased over the entire period from about 5,881 million USD in late 2019 to over 21,600 million USD by mid-2025, indicating ongoing capital injections or retained equity growth.
Treasury stock, at cost: Treasury stock showed consistent repurchasing activity, increasing in cost from -11,750 million USD to roughly -21,500 million USD, reflecting aggressive share buyback programs over the entire timeline.
Accumulated other comprehensive loss: This item fluctuated but remained a relatively small negative figure, varying between -20 million and -90 million USD, implying minor impacts from foreign currency translation or other comprehensive income components.
Retained earnings: Retained earnings increased overall from approximately 9,500 million USD to just under 20,000 million USD by mid-2025, demonstrating consistent profitability or earnings retention throughout the period despite some intermittent declines.
Stockholders’ equity: Stockholders’ equity experienced substantial growth, almost doubling from approximately 3,600 million USD at the start of the period to nearly 20,000 million USD by mid-2025, primarily driven by increases in paid-in capital and retained earnings, partially offset by treasury stock increases.
Total liabilities and stockholders’ equity: The overall balance sheet total rose markedly from just over 6,000 million USD to nearly 37,000 million USD, indicating significant company growth and expansion of both financing through liabilities and equity over time.

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Intuit Inc. (NASDAQ:INTU)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data