Operating Profit Margin
since 2005
Calculation
Intuit Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 27.43% | = | 100 | × | 5,884) | ÷ | 21,448) |
| Jul 31, 2025 | 26.14% | = | 100 | × | 4,923) | ÷ | 18,831) |
| Jul 31, 2024 | 22.29% | = | 100 | × | 3,630) | ÷ | 16,285) |
| Jul 31, 2023 | 21.86% | = | 100 | × | 3,141) | ÷ | 14,368) |
| Jul 31, 2022 | 20.20% | = | 100 | × | 2,571) | ÷ | 12,726) |
| Jul 31, 2021 | 25.95% | = | 100 | × | 2,500) | ÷ | 9,633) |
| Jul 31, 2020 | 28.34% | = | 100 | × | 2,176) | ÷ | 7,679) |
| Jul 31, 2019 | 27.33% | = | 100 | × | 1,854) | ÷ | 6,784) |
| Jul 31, 2018 | 25.10% | = | 100 | × | 1,497) | ÷ | 5,964) |
| Jul 31, 2017 | 26.95% | = | 100 | × | 1,395) | ÷ | 5,177) |
| Jul 31, 2016 | 26.46% | = | 100 | × | 1,242) | ÷ | 4,694) |
| Jul 31, 2015 | 17.60% | = | 100 | × | 738) | ÷ | 4,192) |
| Jul 31, 2014 | 29.16% | = | 100 | × | 1,314) | ÷ | 4,506) |
| Jul 31, 2013 | 29.56% | = | 100 | × | 1,233) | ÷ | 4,171) |
| Jul 31, 2012 | 28.35% | = | 100 | × | 1,177) | ÷ | 4,151) |
| Jul 31, 2011 | 26.15% | = | 100 | × | 1,007) | ÷ | 3,851) |
| Jul 31, 2010 | 24.98% | = | 100 | × | 863) | ÷ | 3,455) |
| Jul 31, 2009 | 21.43% | = | 100 | × | 682) | ÷ | 3,183) |
| Jul 31, 2008 | 21.19% | = | 100 | × | 651) | ÷ | 3,071) |
| Jul 31, 2007 | 23.85% | = | 100 | × | 638) | ÷ | 2,673) |
| Jul 31, 2006 | 23.89% | = | 100 | × | 560) | ÷ | 2,342) |
| Jul 31, 2005 | 25.72% | = | 100 | × | 524) | ÷ | 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
Analysis of the financial performance from 2005 through 2026 reveals a trajectory of substantial growth in both top-line revenue and absolute operating income, accompanied by cyclical fluctuations in operating profit margins.
- Revenue and Operating Income Growth
- Net revenue demonstrates consistent long-term expansion, increasing from US$ 2,038 million in 2005 to a projected US$ 21,448 million by 2026. Operating income followed a similar upward trajectory, growing from US$ 524 million to US$ 5,884 million over the same period. This indicates a successful scaling of operations and a significant increase in the absolute volume of profit generated.
- Operating Profit Margin Trends
- The operating profit margin has historically fluctuated between a low of 17.60% and a high of 29.56%. Three distinct phases of margin movement are observable: an initial period of stabilization and growth (2005–2014), a period of volatility and adjustment (2015–2022), and a recent phase of margin expansion (2023–2026).
- Significant Margin Volatility
- A notable contraction occurred in 2015, where the operating profit margin dropped sharply to 17.60%, the lowest point in the analyzed period. This was driven by a significant decrease in operating income to US$ 738 million despite relatively stable net revenue. A subsequent decline is observed between 2021 and 2022, with margins falling from 25.95% to 20.20%, suggesting a period of increased operating expenses relative to revenue growth.
- Recovery and Recent Performance
- Following the 2022 low, there is a sustained upward trend in profitability. The operating profit margin recovered to 21.86% in 2023 and is projected to reach 27.43% by 2026. This recovery coincides with an acceleration in net revenue and operating income, indicating improved operational efficiency and the ability to scale revenue faster than the associated operating costs.
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Comparison to Competitors
Intuit Inc., operating profit margin, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 27.43% | — | — | — | — | — | 46.78% | 30.59% | — | 6.05% | 20.06% | — | — | 7.55% |
| Jul 31, 2025 | 26.14% | 14.68% | 36.63% | 75.75% | 28.17% | -1.29% | 45.62% | 30.80% | 31.59% | 13.48% | 19.01% | 13.74% | 12.97% | 4.91% |
| Jul 31, 2024 | 22.29% | 14.79% | 31.35% | 39.78% | 29.10% | 2.02% | 44.64% | 28.99% | 10.83% | 8.52% | 14.38% | 12.42% | 22.13% | 2.52% |
| Jul 31, 2023 | 21.86% | 13.74% | 34.26% | 19.74% | 30.59% | -1.57% | 41.77% | 26.21% | 5.39% | 5.62% | 3.29% | 8.49% | 21.72% | -3.57% |
| Jul 31, 2022 | 20.20% | 15.21% | 34.64% | -1.70% | 30.15% | -3.50% | 42.06% | 25.74% | -8.46% | -3.43% | 2.07% | 4.90% | 22.87% | -2.27% |
| Jul 31, 2021 | 25.95% | 15.08% | 36.76% | 5.37% | 26.07% | -1.86% | 41.59% | 37.58% | -26.66% | -7.15% | 2.14% | 4.36% | 17.48% | -5.76% |
| Jul 31, 2020 | 28.34% | 14.69% | 32.93% | — | 24.06% | -2.28% | 37.03% | 35.57% | -107.41% | -5.25% | 1.74% | 4.40% | 16.83% | -13.85% |
| Jul 31, 2019 | 27.33% | 14.59% | 29.25% | — | 21.05% | -5.55% | 34.14% | 34.26% | — | -1.87% | 4.03% | 1.22% | 15.48% | -16.42% |
| Jul 31, 2018 | 25.10% | 14.04% | 31.45% | — | 18.53% | — | 31.77% | 34.34% | — | -5.68% | 2.25% | -1.63% | 11.54% | -14.15% |
| Jul 31, 2017 | 26.95% | 12.60% | 29.69% | — | 16.67% | — | 24.82% | 33.69% | — | -10.21% | 0.77% | -5.25% | 12.76% | -24.00% |
| Jul 31, 2016 | 26.46% | 13.82% | 25.51% | — | 13.49% | — | 23.65% | 34.02% | — | -13.79% | 1.72% | -30.41% | 13.10% | -22.77% |
| Jul 31, 2015 | 17.60% | 13.48% | 18.83% | — | 16.77% | — | 19.41% | 36.29% | — | -14.39% | -2.71% | -16.55% | 11.88% | -27.38% |
| Jul 31, 2014 | 29.16% | 13.49% | 9.95% | — | 13.07% | — | 31.97% | 38.56% | — | -36.00% | -7.03% | -22.24% | 12.09% | -32.69% |
| Jul 31, 2013 | 29.56% | 14.27% | 10.42% | — | 12.94% | — | 34.38% | 39.49% | — | -4.70% | -3.63% | -15.61% | 12.56% | -43.07% |
| Jul 31, 2012 | 28.35% | 13.00% | 26.80% | — | 15.96% | — | 29.52% | 36.92% | — | 1.53% | -1.55% | -15.42% | 10.82% | — |
| Jul 31, 2011 | 26.15% | 12.69% | 26.07% | — | 10.47% | — | 38.83% | 33.78% | — | — | 5.88% | — | 13.86% | — |
| Jul 31, 2010 | 24.98% | 12.62% | 26.13% | — | -3.09% | — | 38.57% | 33.79% | — | — | 8.83% | — | 13.33% | — |
| Jul 31, 2009 | 21.43% | 11.41% | 23.44% | — | -14.50% | — | 34.85% | 35.79% | — | — | 5.92% | — | 15.31% | — |
| Jul 31, 2008 | 21.19% | 11.90% | 28.72% | — | -151.48% | — | 37.23% | 34.97% | — | — | 2.71% | — | 16.39% | — |
| Jul 31, 2007 | 23.85% | 11.62% | 27.16% | — | 19.68% | — | 36.23% | 33.20% | — | — | -0.72% | — | 9.74% | — |
| Jul 31, 2006 | 23.89% | 10.10% | 21.41% | — | 15.14% | — | 37.20% | 32.93% | — | — | 6.49% | — | 2.69% | — |
| Jul 31, 2005 | 25.72% | 12.35% | 37.05% | — | 8.94% | — | 36.60% | 34.09% | — | — | 3.70% | — | -5.34% | — |
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).