Return on Assets (ROA)
since 2005
Calculation
Intuit Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 12.41% | = | 100 | × | 4,566) | ÷ | 36,786) |
| Jul 31, 2025 | 10.47% | = | 100 | × | 3,869) | ÷ | 36,958) |
| Jul 31, 2024 | 9.22% | = | 100 | × | 2,963) | ÷ | 32,132) |
| Jul 31, 2023 | 8.58% | = | 100 | × | 2,384) | ÷ | 27,780) |
| Jul 31, 2022 | 7.45% | = | 100 | × | 2,066) | ÷ | 27,734) |
| Jul 31, 2021 | 13.29% | = | 100 | × | 2,062) | ÷ | 15,516) |
| Jul 31, 2020 | 16.70% | = | 100 | × | 1,826) | ÷ | 10,931) |
| Jul 31, 2019 | 24.78% | = | 100 | × | 1,557) | ÷ | 6,283) |
| Jul 31, 2018 | 23.39% | = | 100 | × | 1,211) | ÷ | 5,178) |
| Jul 31, 2017 | 23.87% | = | 100 | × | 971) | ÷ | 4,068) |
| Jul 31, 2016 | 23.04% | = | 100 | × | 979) | ÷ | 4,250) |
| Jul 31, 2015 | 7.35% | = | 100 | × | 365) | ÷ | 4,968) |
| Jul 31, 2014 | 17.44% | = | 100 | × | 907) | ÷ | 5,201) |
| Jul 31, 2013 | 15.64% | = | 100 | × | 858) | ÷ | 5,486) |
| Jul 31, 2012 | 16.91% | = | 100 | × | 792) | ÷ | 4,684) |
| Jul 31, 2011 | 12.41% | = | 100 | × | 634) | ÷ | 5,110) |
| Jul 31, 2010 | 11.04% | = | 100 | × | 574) | ÷ | 5,198) |
| Jul 31, 2009 | 9.26% | = | 100 | × | 447) | ÷ | 4,826) |
| Jul 31, 2008 | 10.22% | = | 100 | × | 477) | ÷ | 4,667) |
| Jul 31, 2007 | 10.35% | = | 100 | × | 440) | ÷ | 4,252) |
| Jul 31, 2006 | 15.05% | = | 100 | × | 417) | ÷ | 2,770) |
| Jul 31, 2005 | 14.05% | = | 100 | × | 382) | ÷ | 2,716) |
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 between 2005 and 2026 is characterized by a substantial expansion in both net income and the total asset base, though the efficiency of asset utilization has experienced significant volatility.
- Net Income Trends
- Net income exhibited a consistent long-term upward trend, growing from 382 million dollars in 2005 to 4,566 million dollars by 2026. A notable anomaly occurred in 2015, where net income dropped sharply to 365 million dollars, representing a temporary reversal of the growth trend. Following this dip, profitability accelerated rapidly, particularly after 2018, with the most aggressive growth phase occurring between 2022 and 2026.
- Asset Base Expansion
- Total assets remained relatively stable between 2005 and 2018, fluctuating within a range of approximately 2.7 billion to 6.2 billion dollars. However, a period of aggressive asset accumulation began in 2019, with total assets surging from 6,283 million dollars in 2019 to 27,734 million dollars by 2022. This represents a more than four-fold increase in the asset base over a three-year period, suggesting significant capital investment or acquisition activity.
- Return on Assets (ROA) Analysis
- The ROA demonstrates three distinct phases of operational efficiency. From 2005 to 2014, the ratio fluctuated between 9% and 17%. A period of peak efficiency was observed between 2016 and 2019, where ROA reached its historical maximum of 24.78%. This indicates a period where net income growth significantly outpaced asset growth.
- A secondary decline in ROA is observed from 2020 to 2022, falling from 16.70% to 7.45%. This decline correlates directly with the massive increase in total assets, indicating that the expansion of the balance sheet initially outstripped the growth in net income. Since 2022, a recovery trend is evident, with ROA climbing steadily back to 12.41% by 2026, suggesting an improvement in the productivity of the newly acquired assets.
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Comparison to Competitors
Intuit Inc., ROA, 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 | 12.41% | — | — | — | — | — | — | 17.64% | 6.53% | — | 0.63% | 6.64% | — | — | 3.83% |
| Jul 31, 2025 | 10.47% | 11.74% | 24.17% | 45.92% | 10.92% | 1.62% | 6.97% | 16.45% | 7.39% | 18.26% | 4.81% | 6.02% | 6.71% | 2.76% | 2.93% |
| Jul 31, 2024 | 9.22% | 12.99% | 18.39% | 26.92% | 11.76% | 3.18% | 4.39% | 17.21% | 7.42% | 7.29% | 12.89% | 4.14% | 6.99% | 17.31% | 8.39% |
| Jul 31, 2023 | 8.58% | 13.41% | 18.23% | 6.66% | 18.36% | 1.23% | 5.55% | 17.56% | 6.33% | 4.64% | 3.03% | 0.21% | 9.96% | 11.90% | -2.72% |
| Jul 31, 2022 | 7.45% | 14.55% | 17.51% | -3.30% | 16.53% | -1.67% | 1.29% | 19.94% | 6.15% | -10.80% | -2.18% | 1.52% | 2.44% | 10.45% | 0.28% |
| Jul 31, 2021 | 13.29% | 13.68% | 17.70% | 0.58% | 15.87% | -0.87% | 4.35% | 18.36% | 10.48% | -16.02% | -4.87% | 6.14% | 2.13% | 8.66% | -3.24% |
| Jul 31, 2020 | 16.70% | 13.78% | 21.66% | — | 14.95% | -1.30% | 3.58% | 14.70% | 8.78% | -43.35% | -2.95% | 0.23% | 1.36% | 8.27% | -7.05% |
| Jul 31, 2019 | 24.78% | 16.04% | 14.22% | — | 29.46% | -1.61% | 6.20% | 13.69% | 10.20% | — | -1.24% | 3.61% | 10.41% | 8.31% | -7.58% |
| Jul 31, 2018 | 23.39% | 16.61% | 13.80% | — | 14.01% | — | 7.07% | 6.40% | 2.79% | — | -2.54% | 0.61% | -0.69% | 7.04% | -6.49% |
| Jul 31, 2017 | 23.87% | 15.18% | 11.65% | — | 8.44% | — | 4.59% | 8.80% | 6.92% | — | -6.30% | 1.02% | -4.39% | 2.53% | -12.89% |
| Jul 31, 2016 | 23.04% | 19.95% | 9.20% | — | 9.69% | — | 10.11% | 8.67% | 7.93% | — | -8.18% | -0.37% | -22.22% | 5.09% | -10.62% |
| Jul 31, 2015 | 7.35% | 16.72% | 5.37% | — | 10.74% | — | 11.94% | 6.92% | 8.96% | — | -8.40% | -2.46% | -10.98% | 4.48% | -10.51% |
| Jul 31, 2014 | 17.44% | 16.41% | 2.49% | — | 4.95% | — | 10.23% | 12.81% | 12.13% | — | -15.32% | -2.54% | -12.59% | 5.43% | -7.93% |
| Jul 31, 2013 | 15.64% | 19.46% | 2.79% | — | 6.76% | — | 13.06% | 15.35% | 13.35% | — | -4.99% | -4.89% | -6.31% | 5.68% | -12.43% |
| Jul 31, 2012 | 16.91% | 15.32% | 8.35% | — | 19.24% | — | 13.93% | 14.00% | 12.74% | — | 0.18% | -0.28% | -7.81% | 4.40% | — |
| Jul 31, 2011 | 12.41% | 14.48% | 9.26% | — | 4.10% | — | 13.62% | 21.30% | 11.62% | — | — | 2.09% | — | 6.57% | — |
| Jul 31, 2010 | 11.04% | 13.87% | 9.52% | — | 7.31% | — | 13.07% | 21.79% | 9.96% | — | — | 3.28% | — | 7.21% | — |
| Jul 31, 2009 | 9.26% | 12.97% | 5.31% | — | -10.62% | — | 12.31% | 18.71% | 11.80% | — | — | 2.93% | — | 5.71% | — |
| Jul 31, 2008 | 10.22% | 13.64% | 14.98% | — | -110.44% | — | 11.26% | 24.29% | 11.68% | — | — | 1.68% | — | 6.93% | — |
| Jul 31, 2007 | 10.35% | 11.57% | 12.67% | — | 7.65% | — | 8.65% | 22.26% | 12.36% | — | — | 0.07% | — | 4.99% | — |
| Jul 31, 2006 | 15.05% | 10.33% | 8.48% | — | 4.14% | — | 9.19% | 18.10% | 11.65% | — | — | 6.55% | — | 1.15% | — |
| Jul 31, 2005 | 14.05% | 10.50% | 24.70% | — | 1.45% | — | 7.50% | 17.30% | 13.95% | — | — | 2.62% | — | -0.72% | — |
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., ROA, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2026 | 12.41% | — |
| Jul 31, 2025 | 10.47% | 12.15% |
| Jul 31, 2024 | 9.22% | 12.26% |
| Jul 31, 2023 | 8.58% | 11.19% |
| Jul 31, 2022 | 7.45% | 11.32% |
| Jul 31, 2021 | 13.29% | 12.19% |
| Jul 31, 2020 | 16.70% | 9.68% |
| Jul 31, 2019 | 24.78% | 10.81% |
| Jul 31, 2018 | 23.39% | 6.11% |
| Jul 31, 2017 | 23.87% | 7.29% |
| Jul 31, 2016 | 23.04% | 8.86% |
| Jul 31, 2015 | 7.35% | 8.53% |
| Jul 31, 2014 | 17.44% | 11.18% |
| Jul 31, 2013 | 15.64% | 13.46% |
| Jul 31, 2012 | 16.91% | 13.36% |
| Jul 31, 2011 | 12.41% | 15.34% |
| Jul 31, 2010 | 11.04% | 14.69% |
| Jul 31, 2009 | 9.26% | 13.64% |
| Jul 31, 2008 | 10.22% | 14.32% |
| Jul 31, 2007 | 10.35% | 12.84% |
| Jul 31, 2006 | 15.05% | 12.19% |
| Jul 31, 2005 | 14.05% | 11.53% |
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., ROA, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2026 | 12.41% | — |
| Jul 31, 2025 | 10.47% | 15.31% |
| Jul 31, 2024 | 9.22% | 11.80% |
| Jul 31, 2023 | 8.58% | 12.34% |
| Jul 31, 2022 | 7.45% | 14.33% |
| Jul 31, 2021 | 13.29% | 14.52% |
| Jul 31, 2020 | 16.70% | 11.46% |
| Jul 31, 2019 | 24.78% | 11.67% |
| Jul 31, 2018 | 23.39% | 10.94% |
| Jul 31, 2017 | 23.87% | 9.00% |
| Jul 31, 2016 | 23.04% | 9.68% |
| Jul 31, 2015 | 7.35% | 11.51% |
| Jul 31, 2014 | 17.44% | 12.33% |
| Jul 31, 2013 | 15.64% | 13.22% |
| Jul 31, 2012 | 16.91% | 14.06% |
| Jul 31, 2011 | 12.41% | 15.11% |
| Jul 31, 2010 | 11.04% | 14.45% |
| Jul 31, 2009 | 9.26% | 10.04% |
| Jul 31, 2008 | 10.22% | 11.87% |
| Jul 31, 2007 | 10.35% | 11.93% |
| Jul 31, 2006 | 15.05% | 12.20% |
| Jul 31, 2005 | 14.05% | 12.71% |
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).