Net Profit Margin
since 2005
Calculation
Intuit Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 21.29% | = | 100 | × | 4,566) | ÷ | 21,448) |
| Jul 31, 2025 | 20.55% | = | 100 | × | 3,869) | ÷ | 18,831) |
| Jul 31, 2024 | 18.19% | = | 100 | × | 2,963) | ÷ | 16,285) |
| Jul 31, 2023 | 16.59% | = | 100 | × | 2,384) | ÷ | 14,368) |
| Jul 31, 2022 | 16.23% | = | 100 | × | 2,066) | ÷ | 12,726) |
| Jul 31, 2021 | 21.41% | = | 100 | × | 2,062) | ÷ | 9,633) |
| Jul 31, 2020 | 23.78% | = | 100 | × | 1,826) | ÷ | 7,679) |
| Jul 31, 2019 | 22.95% | = | 100 | × | 1,557) | ÷ | 6,784) |
| Jul 31, 2018 | 20.31% | = | 100 | × | 1,211) | ÷ | 5,964) |
| Jul 31, 2017 | 18.76% | = | 100 | × | 971) | ÷ | 5,177) |
| Jul 31, 2016 | 20.86% | = | 100 | × | 979) | ÷ | 4,694) |
| Jul 31, 2015 | 8.71% | = | 100 | × | 365) | ÷ | 4,192) |
| Jul 31, 2014 | 20.13% | = | 100 | × | 907) | ÷ | 4,506) |
| Jul 31, 2013 | 20.57% | = | 100 | × | 858) | ÷ | 4,171) |
| Jul 31, 2012 | 19.08% | = | 100 | × | 792) | ÷ | 4,151) |
| Jul 31, 2011 | 16.46% | = | 100 | × | 634) | ÷ | 3,851) |
| Jul 31, 2010 | 16.61% | = | 100 | × | 574) | ÷ | 3,455) |
| Jul 31, 2009 | 14.05% | = | 100 | × | 447) | ÷ | 3,183) |
| Jul 31, 2008 | 15.52% | = | 100 | × | 477) | ÷ | 3,071) |
| Jul 31, 2007 | 16.46% | = | 100 | × | 440) | ÷ | 2,673) |
| Jul 31, 2006 | 17.80% | = | 100 | × | 417) | ÷ | 2,342) |
| Jul 31, 2005 | 18.73% | = | 100 | × | 382) | ÷ | 2,038) |
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), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
1 US$ in millions
The financial trajectory from 2005 to 2026 reflects a consistent expansion in scale, characterized by substantial growth in both net revenue and net income, despite periodic fluctuations in profitability margins.
- Revenue and Income Growth
- Net revenue demonstrates a strong upward trend, increasing from 2,038 million USD in 2005 to a projected 21,448 million USD by 2026. Net income followed a similar growth trajectory, rising from 382 million USD to a projected 4,566 million USD over the same period. The most aggressive revenue acceleration occurred between 2020 and 2026, where annual revenues more than doubled.
- Net Profit Margin Volatility
- The net profit margin experienced several distinct phases. An initial decline is observed between 2005 and 2009, with the margin falling from 18.73% to 14.05%. This was followed by a recovery period peaking at 20.57% in 2013. A significant anomaly occurred in 2015, where the net profit margin dropped sharply to 8.71%, coinciding with a substantial decrease in net income to 365 million USD despite stable revenue.
- Peak Efficiency and Recent Trends
- Profitability recovered rapidly after 2015, reaching a historical peak of 23.78% in 2020. A secondary contraction occurred between 2020 and 2022, with the margin receding to 16.23%. However, the data from 2023 through the 2026 projections indicates a steady recovery in operational efficiency, with the net profit margin trending upward to reach 21.29%.
Overall, while the organization has scaled its top-line revenue by more than ten times since 2005, the net profit margin has remained sensitive to specific annual shocks, though it maintains a long-term baseline generally between 16% and 23%.
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Comparison to Competitors
Intuit Inc., net profit margin, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 21.29% | — | — | — | — | — | — | 40.31% | 25.37% | — | 2.67% | 17.96% | — | — | 7.26% |
| Jul 31, 2025 | 20.55% | 11.02% | 30.00% | 60.83% | 20.94% | 3.14% | 15.69% | 36.15% | 21.68% | 36.31% | 12.30% | 16.35% | 13.16% | 18.89% | 6.23% |
| Jul 31, 2024 | 18.19% | 11.19% | 25.85% | 33.55% | 22.74% | 6.85% | 9.60% | 35.96% | 19.76% | 16.13% | 32.11% | 11.87% | 12.97% | 36.94% | 19.02% |
| Jul 31, 2023 | 16.59% | 10.72% | 27.97% | 10.87% | 25.46% | 2.28% | 12.13% | 34.15% | 17.02% | 9.43% | 6.38% | 0.66% | 19.30% | 21.05% | -5.90% |
| Jul 31, 2022 | 16.23% | 11.17% | 27.01% | -6.84% | 23.84% | -2.99% | 2.71% | 36.69% | 15.83% | -19.61% | -4.85% | 5.45% | 4.49% | 19.38% | 0.57% |
| Jul 31, 2021 | 21.41% | 11.69% | 30.55% | 1.27% | 23.29% | -2.02% | 10.01% | 36.45% | 33.96% | -33.75% | -11.72% | 19.16% | 3.90% | 18.02% | -6.54% |
| Jul 31, 2020 | 23.78% | 11.52% | 40.88% | — | 22.02% | -4.07% | 7.59% | 30.96% | 25.94% | -106.75% | -7.83% | 0.74% | 2.62% | 18.03% | -13.25% |
| Jul 31, 2019 | 22.95% | 11.06% | 26.42% | — | 42.33% | -4.61% | 12.22% | 31.18% | 28.05% | — | -2.82% | 8.36% | 18.11% | 15.84% | -14.82% |
| Jul 31, 2018 | 20.31% | 9.76% | 28.69% | — | 16.17% | — | 10.97% | 15.02% | 9.60% | — | -6.51% | 1.22% | -1.02% | 13.86% | -14.99% |
| Jul 31, 2017 | 18.76% | 9.37% | 23.20% | — | 10.50% | — | 7.27% | 23.57% | 24.74% | — | -12.30% | 2.14% | -7.71% | 5.01% | -26.01% |
| Jul 31, 2016 | 20.86% | 11.82% | 19.96% | — | 11.18% | — | 14.86% | 19.69% | 24.03% | — | -16.39% | -0.71% | -32.49% | 11.01% | -24.94% |
| Jul 31, 2015 | 8.71% | 9.28% | 13.13% | — | 14.83% | — | 16.14% | 13.03% | 26.00% | — | -17.78% | -4.89% | -19.73% | 10.08% | -31.48% |
| Jul 31, 2014 | 20.13% | 9.23% | 6.47% | — | 10.05% | — | 12.96% | 25.42% | 28.62% | — | -37.86% | -5.70% | -26.28% | 12.59% | -36.79% |
| Jul 31, 2013 | 20.57% | 10.80% | 7.15% | — | 11.25% | — | 16.52% | 28.08% | 29.38% | — | -7.38% | -8.87% | -17.36% | 12.63% | -43.55% |
| Jul 31, 2012 | 19.08% | 8.58% | 18.91% | — | 33.17% | — | 15.89% | 23.03% | 26.89% | — | 0.29% | -0.51% | -15.32% | 10.39% | — |
| Jul 31, 2011 | 16.46% | 8.33% | 19.75% | — | 6.28% | — | 14.83% | 33.10% | 23.99% | — | — | 3.89% | — | 14.42% | — |
| Jul 31, 2010 | 16.61% | 7.71% | 20.39% | — | 13.52% | — | 14.85% | 30.02% | 22.87% | — | — | 6.18% | — | 17.17% | — |
| Jul 31, 2009 | 14.05% | 6.86% | 13.12% | — | -17.58% | — | 14.02% | 24.93% | 24.05% | — | — | 4.03% | — | 12.33% | — |
| Jul 31, 2008 | 15.52% | 6.68% | 24.35% | — | -178.51% | — | 11.90% | 29.26% | 24.61% | — | — | 2.45% | — | 14.21% | — |
| Jul 31, 2007 | 16.46% | 5.79% | 22.92% | — | 18.34% | — | 10.55% | 27.51% | 23.75% | — | — | 0.10% | — | 10.76% | — |
| Jul 31, 2006 | 17.80% | 5.34% | 19.64% | — | 9.61% | — | 10.38% | 28.45% | 23.51% | — | — | 9.19% | — | 2.26% | — |
| Jul 31, 2005 | 18.73% | 5.50% | 30.66% | — | 3.71% | — | 8.71% | 30.80% | 24.46% | — | — | 4.16% | — | -1.56% | — |
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), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Sector (Software & Services)
Intuit Inc., net profit margin, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2026 | 21.29% | — |
| Jul 31, 2025 | 20.55% | 26.19% |
| Jul 31, 2024 | 18.19% | 24.83% |
| Jul 31, 2023 | 16.59% | 21.91% |
| Jul 31, 2022 | 16.23% | 21.55% |
| Jul 31, 2021 | 21.41% | 25.12% |
| Jul 31, 2020 | 23.78% | 20.08% |
| Jul 31, 2019 | 22.95% | 21.61% |
| Jul 31, 2018 | 20.31% | 12.10% |
| Jul 31, 2017 | 18.76% | 15.36% |
| Jul 31, 2016 | 20.86% | 16.49% |
| Jul 31, 2015 | 8.71% | 14.57% |
| Jul 31, 2014 | 20.13% | 18.21% |
| Jul 31, 2013 | 20.57% | 20.55% |
| Jul 31, 2012 | 19.08% | 18.62% |
| Jul 31, 2011 | 16.46% | 20.48% |
| Jul 31, 2010 | 16.61% | 19.41% |
| Jul 31, 2009 | 14.05% | 17.17% |
| Jul 31, 2008 | 15.52% | 16.67% |
| Jul 31, 2007 | 16.46% | 15.91% |
| Jul 31, 2006 | 17.80% | 15.65% |
| Jul 31, 2005 | 18.73% | 15.06% |
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), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Industry (Information Technology)
Intuit Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2026 | 21.29% | — |
| Jul 31, 2025 | 20.55% | 25.66% |
| Jul 31, 2024 | 18.19% | 20.48% |
| Jul 31, 2023 | 16.59% | 20.24% |
| Jul 31, 2022 | 16.23% | 22.27% |
| Jul 31, 2021 | 21.41% | 23.48% |
| Jul 31, 2020 | 23.78% | 19.76% |
| Jul 31, 2019 | 22.95% | 19.73% |
| Jul 31, 2018 | 20.31% | 18.59% |
| Jul 31, 2017 | 18.76% | 17.77% |
| Jul 31, 2016 | 20.86% | 17.58% |
| Jul 31, 2015 | 8.71% | 18.32% |
| Jul 31, 2014 | 20.13% | 19.33% |
| Jul 31, 2013 | 20.57% | 20.15% |
| Jul 31, 2012 | 19.08% | 20.07% |
| Jul 31, 2011 | 16.46% | 20.71% |
| Jul 31, 2010 | 16.61% | 20.19% |
| Jul 31, 2009 | 14.05% | 14.45% |
| Jul 31, 2008 | 15.52% | 15.07% |
| Jul 31, 2007 | 16.46% | 15.71% |
| Jul 31, 2006 | 17.80% | 16.26% |
| Jul 31, 2005 | 18.73% | 16.64% |
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), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).