Return on Equity (ROE)
since 2005
Calculation
Intuit Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | 24.04% | = | 100 | × | 4,566) | ÷ | 18,992) |
| Jul 31, 2025 | 19.63% | = | 100 | × | 3,869) | ÷ | 19,710) |
| Jul 31, 2024 | 16.07% | = | 100 | × | 2,963) | ÷ | 18,436) |
| Jul 31, 2023 | 13.81% | = | 100 | × | 2,384) | ÷ | 17,269) |
| Jul 31, 2022 | 12.57% | = | 100 | × | 2,066) | ÷ | 16,441) |
| Jul 31, 2021 | 20.89% | = | 100 | × | 2,062) | ÷ | 9,869) |
| Jul 31, 2020 | 35.76% | = | 100 | × | 1,826) | ÷ | 5,106) |
| Jul 31, 2019 | 41.53% | = | 100 | × | 1,557) | ÷ | 3,749) |
| Jul 31, 2018 | 51.44% | = | 100 | × | 1,211) | ÷ | 2,354) |
| Jul 31, 2017 | 71.71% | = | 100 | × | 971) | ÷ | 1,354) |
| Jul 31, 2016 | 84.32% | = | 100 | × | 979) | ÷ | 1,161) |
| Jul 31, 2015 | 15.65% | = | 100 | × | 365) | ÷ | 2,332) |
| Jul 31, 2014 | 29.47% | = | 100 | × | 907) | ÷ | 3,078) |
| Jul 31, 2013 | 24.30% | = | 100 | × | 858) | ÷ | 3,531) |
| Jul 31, 2012 | 28.86% | = | 100 | × | 792) | ÷ | 2,744) |
| Jul 31, 2011 | 24.24% | = | 100 | × | 634) | ÷ | 2,616) |
| Jul 31, 2010 | 20.35% | = | 100 | × | 574) | ÷ | 2,821) |
| Jul 31, 2009 | 17.49% | = | 100 | × | 447) | ÷ | 2,556) |
| Jul 31, 2008 | 23.00% | = | 100 | × | 477) | ÷ | 2,073) |
| Jul 31, 2007 | 21.62% | = | 100 | × | 440) | ÷ | 2,035) |
| Jul 31, 2006 | 23.99% | = | 100 | × | 417) | ÷ | 1,738) |
| Jul 31, 2005 | 22.51% | = | 100 | × | 382) | ÷ | 1,695) |
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 performance from 2005 through 2026 is characterized by a consistent long-term expansion in net income and a significant transformation in the capital structure, which has directly influenced the volatility and trajectory of the return on equity (ROE).
- Net Income Trends
- A sustained upward trajectory in profitability is observed, with net income rising from 382 million USD in 2005 to 4,566 million USD by 2026. While growth was generally steady, a notable contraction occurred in 2015, where net income dropped to 365 million USD, before rebounding sharply to reach 979 million USD in 2016. From 2016 onwards, the company entered a period of accelerated earnings growth, effectively tripling its net income between 2016 and 2024.
- Stockholders' Equity Evolution
- The equity base exhibited distinct phases of movement. Between 2005 and 2014, equity grew moderately from 1,695 million USD to 3,078 million USD. A significant reduction in equity occurred between 2014 and 2016, reaching a period low of 1,161 million USD. Following 2016, a period of aggressive equity accumulation began, with stockholders' equity expanding rapidly from 1,354 million USD in 2017 to a peak of 19,710 million USD in 2024, representing a substantial increase in the company's book value.
- Return on Equity (ROE) Analysis
- ROE experienced three distinct regimes over the analyzed period. From 2005 to 2014, ROE remained relatively stable, fluctuating between 15.65% and 29.47%. A period of extreme elevation occurred in 2016 and 2017, with ROE peaking at 84.32%. This spike was primarily driven by the simultaneous occurrence of recovering net income and a depleted equity base. Following 2017, a prolonged downward trend in ROE is observed, falling to a low of 12.57% in 2022; this decline was a mathematical result of the equity base growing at a pace that far exceeded the growth in net income. Since 2022, a recovery trend has emerged, with ROE climbing back to 24.04% by 2026 as net income growth began to outpace the growth of stockholders' equity once again.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Intuit Inc., ROE, 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 | 24.04% | — | — | — | — | — | — | 30.23% | 40.20% | — | 1.12% | 12.61% | — | — | 8.88% |
| Jul 31, 2025 | 19.63% | 24.61% | 61.34% | 156.17% | 20.26% | 2.89% | 32.45% | 29.65% | 60.84% | 22.00% | 14.49% | 10.13% | 13.48% | 4.70% | 5.82% |
| Jul 31, 2024 | 16.07% | 25.68% | 39.42% | 144.96% | 22.58% | 6.77% | 22.06% | 32.83% | 120.26% | 9.24% | 49.86% | 6.93% | 14.83% | 25.17% | 17.09% |
| Jul 31, 2023 | 13.81% | 26.75% | 32.86% | 28.39% | 30.58% | 2.40% | 33.29% | 35.09% | 792.45% | 6.04% | 25.15% | 0.36% | 22.69% | 20.01% | -6.57% |
| Jul 31, 2022 | 12.57% | 31.11% | 33.85% | -10.13% | 30.93% | -3.56% | 7.47% | 43.68% | — | -14.57% | -127.14% | 2.48% | 6.46% | 17.85% | 0.65% |
| Jul 31, 2021 | 20.89% | 30.25% | 32.59% | 1.66% | 25.39% | -1.99% | 30.38% | 43.15% | 262.43% | -22.71% | -78.63% | 9.81% | 6.22% | 14.31% | -8.62% |
| Jul 31, 2020 | 35.76% | 30.05% | 39.66% | — | 23.69% | -2.56% | 27.14% | 37.43% | 83.94% | -76.61% | -24.23% | 0.37% | 4.18% | 13.54% | -19.33% |
| Jul 31, 2019 | 41.53% | 33.17% | 28.03% | — | 47.03% | -2.14% | 45.25% | 38.35% | 50.87% | — | -5.16% | 7.11% | 29.45% | 13.04% | -21.36% |
| Jul 31, 2018 | 51.44% | 39.17% | 27.67% | — | 26.84% | — | 51.96% | 20.03% | 8.37% | — | -15.30% | 1.36% | -2.40% | 12.43% | -20.33% |
| Jul 31, 2017 | 71.71% | 38.50% | 20.02% | — | 20.63% | — | 32.70% | 29.29% | 17.33% | — | -28.52% | 2.40% | -25.53% | 4.17% | -35.11% |
| Jul 31, 2016 | 84.32% | 54.42% | 15.74% | — | 27.38% | — | 65.07% | 23.33% | 18.82% | — | -28.60% | -0.95% | -116.76% | 8.35% | -25.52% |
| Jul 31, 2015 | 15.65% | 49.78% | 8.99% | — | 18.34% | — | 92.48% | 15.23% | 20.42% | — | -33.81% | -6.61% | -35.01% | 7.21% | -22.02% |
| Jul 31, 2014 | 29.47% | 51.32% | 3.96% | — | 11.92% | — | 101.30% | 24.59% | 23.37% | — | -48.33% | -7.64% | -41.85% | 8.48% | -14.53% |
| Jul 31, 2013 | 24.30% | 66.16% | 4.31% | — | 14.21% | — | 72.32% | 27.69% | 24.47% | — | -10.74% | -11.67% | -18.70% | 8.89% | -20.12% |
| Jul 31, 2012 | 28.86% | 61.59% | 12.49% | — | 48.07% | — | 88.04% | 25.58% | 22.85% | — | 0.32% | -0.73% | -15.34% | 7.29% | — |
| Jul 31, 2011 | 24.24% | 58.72% | 14.40% | — | 17.57% | — | 78.73% | 40.55% | 21.49% | — | — | 5.05% | — | 10.53% | — |
| Jul 31, 2010 | 20.35% | 62.79% | 14.92% | — | 45.74% | — | 64.36% | 40.63% | 19.92% | — | — | 7.73% | — | 11.29% | — |
| Jul 31, 2009 | 17.49% | 55.08% | 7.90% | — | -138.29% | — | 59.31% | 36.83% | 22.29% | — | — | 6.46% | — | 9.09% | — |
| Jul 31, 2008 | 23.00% | 66.59% | 19.77% | — | -1,818.25% | — | 91.60% | 48.73% | 23.98% | — | — | 4.06% | — | 12.43% | — |
| Jul 31, 2007 | 21.62% | 60.25% | 15.57% | — | 14.24% | — | 36.59% | 45.23% | 25.26% | — | — | 0.17% | — | 9.08% | — |
| Jul 31, 2006 | 23.99% | 51.38% | 9.82% | — | 8.39% | — | 33.30% | 31.42% | 22.52% | — | — | 14.50% | — | 2.13% | — |
| Jul 31, 2005 | 22.51% | 55.42% | 32.34% | — | 2.67% | — | 23.97% | 25.47% | 26.63% | — | — | 5.06% | — | -1.27% | — |
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., ROE, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2026 | 24.04% | — |
| Jul 31, 2025 | 19.63% | 26.90% |
| Jul 31, 2024 | 16.07% | 28.81% |
| Jul 31, 2023 | 13.81% | 28.49% |
| Jul 31, 2022 | 12.57% | 30.78% |
| Jul 31, 2021 | 20.89% | 35.91% |
| Jul 31, 2020 | 35.76% | 30.34% |
| Jul 31, 2019 | 41.53% | 35.56% |
| Jul 31, 2018 | 51.44% | 20.20% |
| Jul 31, 2017 | 71.71% | 23.83% |
| Jul 31, 2016 | 84.32% | 26.25% |
| Jul 31, 2015 | 15.65% | 23.04% |
| Jul 31, 2014 | 29.47% | 28.09% |
| Jul 31, 2013 | 24.30% | 31.71% |
| Jul 31, 2012 | 28.86% | 32.66% |
| Jul 31, 2011 | 24.24% | 38.82% |
| Jul 31, 2010 | 20.35% | 37.89% |
| Jul 31, 2009 | 17.49% | 35.98% |
| Jul 31, 2008 | 23.00% | 44.03% |
| Jul 31, 2007 | 21.62% | 35.48% |
| Jul 31, 2006 | 23.99% | 28.87% |
| Jul 31, 2005 | 22.51% | 24.91% |
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., ROE, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2026 | 24.04% | — |
| Jul 31, 2025 | 19.63% | 34.38% |
| Jul 31, 2024 | 16.07% | 28.82% |
| Jul 31, 2023 | 13.81% | 31.26% |
| Jul 31, 2022 | 12.57% | 38.03% |
| Jul 31, 2021 | 20.89% | 41.64% |
| Jul 31, 2020 | 35.76% | 35.38% |
| Jul 31, 2019 | 41.53% | 35.94% |
| Jul 31, 2018 | 51.44% | 30.23% |
| Jul 31, 2017 | 71.71% | 23.19% |
| Jul 31, 2016 | 84.32% | 23.00% |
| Jul 31, 2015 | 15.65% | 25.97% |
| Jul 31, 2014 | 29.47% | 25.43% |
| Jul 31, 2013 | 24.30% | 24.73% |
| Jul 31, 2012 | 28.86% | 26.09% |
| Jul 31, 2011 | 24.24% | 29.03% |
| Jul 31, 2010 | 20.35% | 27.62% |
| Jul 31, 2009 | 17.49% | 20.05% |
| Jul 31, 2008 | 23.00% | 25.24% |
| Jul 31, 2007 | 21.62% | 23.67% |
| Jul 31, 2006 | 23.99% | 22.58% |
| Jul 31, 2005 | 22.51% | 21.92% |
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).