Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Total Asset Turnover since 2005
- Analysis of Debt
- Aggregate Accruals
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Intuit Inc., consolidated statement of comprehensive income
US$ in millions
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 trajectory from July 31, 2021, through July 31, 2026, is characterized by a consistent and accelerating increase in net income and overall comprehensive income. The growth pattern indicates a strong upward trend in profitability, with the most significant gains appearing in the later years of the analyzed period.
- Net Income Performance
- Net income demonstrates a steady climb, increasing from 2,062 million US$ in 2021 to 4,566 million US$ by 2026. While growth was marginal between 2021 and 2022, it accelerated significantly starting in 2023, with the annual increase becoming more pronounced each subsequent year.
- Analysis of Other Comprehensive Income (OCI)
- Other comprehensive income, net of taxes, exhibits volatility but remains immaterial relative to net income. A notable contraction occurred in 2022, reaching -36 million US$, which was primarily driven by a foreign currency translation loss of 26 million US$ and an unrealized loss on available-for-sale debt securities of 10 million US$. Subsequent years show minimal fluctuations, with OCI values remaining close to zero.
- Comprehensive Income Trends
- Comprehensive income closely tracks the movements of net income, reflecting the limited impact of OCI adjustments. Total comprehensive income rose from 2,070 million US$ in 2021 to 4,559 million US$ in 2026. The strong correlation between net income and comprehensive income indicates that the company's total economic gain is almost entirely driven by its operational net earnings rather than external market valuations or currency fluctuations.