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.
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- Common-Size Income Statement
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Intuit Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 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).
Overall, the balance sheet reveals a significant increase in both total liabilities and stockholders’ equity over the observed period, particularly from 2020 to 2024. While liabilities generally trended upward, stockholders’ equity experienced substantial fluctuations, driven primarily by changes in treasury stock and retained earnings. A notable shift in the company’s financial structure is evident, with a considerable reliance on long-term debt and funds payable towards the end of the period.
- Short-Term Debt
- Short-term debt exhibited considerable volatility. A substantial increase occurred in April 2020, peaking at US$1,338 million, before decreasing to US$325 million by October 2020. It remained relatively stable around US$500 million for several quarters, then increased again to US$749 million in July 2025. This suggests a strategic use of short-term financing, potentially linked to seasonal needs or specific investment opportunities.
- Accounts Payable and Accrued Liabilities
- Accounts payable and accrued compensation and related liabilities generally increased over the period, with some quarterly variations. Accounts payable peaked at US$1,038 million in January 2023, while accrued compensation peaked at US$858 million in July 2025. These increases likely correlate with business growth and increased operational activity. The fluctuations suggest potential timing differences in vendor payments and employee compensation cycles.
- Deferred Revenue
- Deferred revenue demonstrated a consistent upward trend, increasing from US$554 million in October 2019 to US$1,141 million in October 2025. This indicates a growing backlog of contracted revenue, suggesting strong demand for the company’s products or services and successful subscription-based business models.
- Current Liabilities
- Current liabilities experienced a substantial increase, more than doubling from US$1,757 million in October 2019 to US$7,491 million in January 2024, before decreasing to US$8,844 million by October 2025. This growth was largely driven by increases in funds payable and amounts due to customers, particularly after July 2022. This suggests a potential shift in revenue recognition practices or a significant increase in customer-related obligations.
- Long-Term Debt
- Long-term debt increased significantly, particularly in July 2020, reaching US$2,031 million. It then rose again to US$6,732 million in January 2022, and remained relatively stable around US$5,400 - US$6,000 million through the end of the observed period. This indicates a deliberate strategy to finance operations and growth through long-term borrowing.
- Stockholders’ Equity
- Stockholders’ equity exhibited significant fluctuations. A substantial increase occurred between 2019 and 2021, largely attributable to changes in treasury stock and retained earnings. The most significant component, treasury stock, showed a consistent decrease (negative value), indicating share repurchases. Retained earnings generally increased, reflecting profitability, but experienced some declines in later periods. Overall, stockholders’ equity increased from US$3,633 million to US$19,055 million over the period.
- Total Liabilities and Equity
- Total liabilities and stockholders’ equity increased substantially throughout the period, from US$6,183 million in October 2019 to US$34,282 million in October 2025. This growth was primarily driven by the increases in both current and long-term liabilities, alongside fluctuations in stockholders’ equity. The overall trend suggests significant expansion of the company’s financial base.