Selected Financial Data
since 2005
Income Statement
Intuit Inc., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net revenue | Operating income | Net income |
|---|---|---|---|
| Jul 31, 2026 | 21,448) | 5,884) | 4,566) |
| Jul 31, 2025 | 18,831) | 4,923) | 3,869) |
| Jul 31, 2024 | 16,285) | 3,630) | 2,963) |
| Jul 31, 2023 | 14,368) | 3,141) | 2,384) |
| Jul 31, 2022 | 12,726) | 2,571) | 2,066) |
| Jul 31, 2021 | 9,633) | 2,500) | 2,062) |
| Jul 31, 2020 | 7,679) | 2,176) | 1,826) |
| Jul 31, 2019 | 6,784) | 1,854) | 1,557) |
| Jul 31, 2018 | 5,964) | 1,497) | 1,211) |
| Jul 31, 2017 | 5,177) | 1,395) | 971) |
| Jul 31, 2016 | 4,694) | 1,242) | 979) |
| Jul 31, 2015 | 4,192) | 738) | 365) |
| Jul 31, 2014 | 4,506) | 1,314) | 907) |
| Jul 31, 2013 | 4,171) | 1,233) | 858) |
| Jul 31, 2012 | 4,151) | 1,177) | 792) |
| Jul 31, 2011 | 3,851) | 1,007) | 634) |
| Jul 31, 2010 | 3,455) | 863) | 574) |
| Jul 31, 2009 | 3,183) | 682) | 447) |
| Jul 31, 2008 | 3,071) | 651) | 477) |
| Jul 31, 2007 | 2,673) | 638) | 440) |
| Jul 31, 2006 | 2,342) | 560) | 417) |
| Jul 31, 2005 | 2,038) | 524) | 382) |
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).
The financial performance from 2005 to 2026 demonstrates a consistent long-term expansion in scale and profitability. While growth was steady during the first decade, the period following 2019 is characterized by an acceleration in both top-line revenue and bottom-line earnings.
- Revenue Growth Trajectory
- Net revenue increased from 2,038 million in 2005 to a projected 21,448 million by 2026. A period of steady growth was interrupted by a slight contraction in 2015, where revenue fell to 4,192 million from 4,506 million in the previous year. However, a significant growth inflection point occurred after 2019, with revenue increasing from 6,784 million in 2019 to over 16,000 million by 2023, indicating a substantial scaling of operations.
- Operating Income and Margin Volatility
- Operating income rose from 524 million in 2005 to a projected 5,884 million in 2026. The most notable volatility occurred in 2015, when operating income dropped sharply to 738 million from 1,314 million in 2014. This decline was disproportionately larger than the revenue dip in the same period, suggesting a temporary compression of operating margins. Post-2020, operating income entered a phase of rapid expansion, increasing from 2,176 million in 2019 to 3,630 million in 2023 and continuing upward.
- Net Income and Profitability Trends
- Net income exhibited a long-term upward trend, growing from 382 million in 2005 to 4,566 million by 2026. Similar to operating income, net income experienced a severe contraction in 2015, falling to 365 million from 907 million in 2014. Recovery began immediately thereafter, with net income exceeding 1,000 million by 2018. The period from 2021 to 2026 shows the most aggressive profit growth, with net income more than doubling between 2021 and 2026.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Balance Sheet: Assets
Intuit Inc., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Jul 31, 2026 | 15,311) | 36,786) |
| Jul 31, 2025 | 14,107) | 36,958) |
| Jul 31, 2024 | 9,678) | 32,132) |
| Jul 31, 2023 | 5,557) | 27,780) |
| Jul 31, 2022 | 5,047) | 27,734) |
| Jul 31, 2021 | 5,157) | 15,516) |
| Jul 31, 2020 | 7,980) | 10,931) |
| Jul 31, 2019 | 3,594) | 6,283) |
| Jul 31, 2018 | 2,404) | 5,178) |
| Jul 31, 2017 | 1,415) | 4,068) |
| Jul 31, 2016 | 1,614) | 4,250) |
| Jul 31, 2015 | 2,560) | 4,968) |
| Jul 31, 2014 | 2,621) | 5,201) |
| Jul 31, 2013 | 2,396) | 5,486) |
| Jul 31, 2012 | 1,523) | 4,684) |
| Jul 31, 2011 | 2,254) | 5,110) |
| Jul 31, 2010 | 2,295) | 5,198) |
| Jul 31, 2009 | 1,968) | 4,826) |
| Jul 31, 2008 | 1,774) | 4,667) |
| Jul 31, 2007 | 1,952) | 4,252) |
| Jul 31, 2006 | 1,817) | 2,770) |
| Jul 31, 2005 | 1,614) | 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).
The asset trajectory of the organization exhibits a period of relative stability followed by a phase of aggressive expansion starting around 2019. Total assets grew from 2,716 million US dollars in 2005 to a projected 36,786 million US dollars by 2026, representing a significant increase in the scale of the balance sheet over two decades.
- Total Asset Growth Patterns
- Between 2005 and 2017, total assets remained within a consolidated range, fluctuating between approximately 4,000 million and 5,200 million US dollars. A pivotal shift occurred after 2018, with assets rising from 5,178 million US dollars in 2017 to 10,931 million US dollars by 2020. The most pronounced acceleration is observed between 2021 and 2022, where total assets increased by approximately 78%, rising from 15,516 million to 27,734 million US dollars.
- Current Asset Volatility and Expansion
- Current assets demonstrated intermittent fluctuations during the first decade, peaking at 2,621 million US dollars in 2014 before declining to 1,415 million US dollars in 2017. A sharp upward trend emerged in 2020, reaching 7,980 million US dollars. Following a subsequent period of consolidation between 2021 and 2023, current assets are projected to reach 15,311 million US dollars by 2026.
- Analysis of Asset Composition
- The relationship between current assets and total assets indicates a significant shift in the company's asset structure. In 2005, current assets comprised approximately 59% of total assets. By 2022, this proportion dropped sharply to approximately 18%, coinciding with the massive surge in total assets. This divergence suggests a substantial increase in non-current assets, likely attributable to strategic acquisitions, intangible assets, or long-term investments. Recent projections indicate a gradual return toward a higher liquidity ratio, with current assets expected to comprise roughly 41% of total assets by 2026.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Balance Sheet: Liabilities and Stockholders’ Equity
Intuit Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Jul 31, 2026 | 10,163) | 17,794) | 7,669) | 18,992) |
| Jul 31, 2025 | 10,370) | 17,248) | 5,973) | 19,710) |
| Jul 31, 2024 | 7,491) | 13,696) | 6,038) | 18,436) |
| Jul 31, 2023 | 3,790) | 10,511) | 6,120) | 17,269) |
| Jul 31, 2022 | 3,630) | 11,293) | 6,914) | 16,441) |
| Jul 31, 2021 | 2,655) | 5,647) | 2,034) | 9,869) |
| Jul 31, 2020 | 3,529) | 5,825) | 3,369) | 5,106) |
| Jul 31, 2019 | 1,966) | 2,534) | 436) | 3,749) |
| Jul 31, 2018 | 2,116) | 2,824) | 438) | 2,354) |
| Jul 31, 2017 | 1,944) | 2,714) | 488) | 1,354) |
| Jul 31, 2016 | 2,251) | 3,089) | 1,000) | 1,161) |
| Jul 31, 2015 | 1,744) | 2,636) | 500) | 2,332) |
| Jul 31, 2014 | 1,421) | 2,123) | 499) | 3,078) |
| Jul 31, 2013 | 1,280) | 1,955) | 499) | 3,531) |
| Jul 31, 2012 | 1,265) | 1,940) | 499) | 2,744) |
| Jul 31, 2011 | 1,805) | 2,494) | 999) | 2,616) |
| Jul 31, 2010 | 1,221) | 2,377) | 998) | 2,821) |
| Jul 31, 2009 | 1,084) | 2,269) | 998) | 2,556) |
| Jul 31, 2008 | 1,467) | 2,587) | 998) | 2,073) |
| Jul 31, 2007 | 1,160) | 2,216) | 998) | 2,035) |
| Jul 31, 2006 | 1,016) | 1,031) | —) | 1,738) |
| Jul 31, 2005 | 1,003) | 1,021) | —) | 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).
The financial position of the organization has undergone a significant transformation in scale and composition between 2005 and 2026. For the first fifteen years of the period, the balance sheet remained relatively stable, characterized by modest growth in liabilities and equity. However, starting in 2020, there is a marked acceleration in the expansion of both total liabilities and stockholders' equity, indicating a fundamental shift in the capital structure and operational scale.
- Liability Trends and Short-Term Obligations
- Current liabilities remained under 2.5 billion US$ from 2005 through 2018. A notable shift occurred in 2020, where current liabilities rose to 3.5 billion US$. The most aggressive expansion is observed between 2023 and 2025, with current liabilities increasing from 3.79 billion US$ to 10.37 billion US$, suggesting a substantial increase in short-term obligations or deferred revenue.
- Debt Profile and Long-Term Leverage
- Total debt exhibited volatility in the early period, maintaining a range between 436 million US$ and 1 billion US$ from 2007 to 2019. A strategic shift in leverage is evident in 2020 with a jump to 3.37 billion US$, peaking at 6.91 billion US$ in 2022. While total debt stabilized around 6 billion US$ between 2022 and 2025, a subsequent increase to 7.67 billion US$ is projected for 2026, reflecting a higher reliance on borrowed capital than in previous decades.
- Equity Accumulation and Capital Base
- Stockholders' equity demonstrated a consistent long-term upward trajectory, growing from 1.69 billion US$ in 2005 to 18.99 billion US$ in 2026. A period of equity contraction occurred between 2014 and 2016, where equity fell from 3.08 billion US$ to 1.16 billion US$. Following 2016, equity growth accelerated sharply, particularly after 2019, coinciding with the increase in total liabilities, which suggests a simultaneous expansion of the asset base funded by both debt and retained earnings or capital injections.
- Solvency and Balance Sheet Composition
- The relationship between total liabilities and stockholders' equity indicates a shift in the solvency profile. In the early years, the organization maintained a conservative leverage ratio. By 2022, total liabilities reached 11.29 billion US$ against 16.44 billion US$ in equity. Although total liabilities continue to climb toward 17.79 billion US$ by 2026, the substantial growth in stockholders' equity to nearly 19 billion US$ provides a significant capital cushion, maintaining an objective balance between leverage and ownership interest.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Cash Flow Statement
Intuit Inc., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Jul 31, 2026 | 8,838) | (1,412) | (7,689) |
| Jul 31, 2025 | 6,207) | (2,318) | (1,510) |
| Jul 31, 2024 | 4,884) | (227) | (397) |
| Jul 31, 2023 | 5,046) | (922) | (4,269) |
| Jul 31, 2022 | 3,889) | (5,421) | 1,732) |
| Jul 31, 2021 | 3,250) | (3,965) | (3,176) |
| Jul 31, 2020 | 2,414) | (97) | 2,034) |
| Jul 31, 2019 | 2,324) | (566) | (1,034) |
| Jul 31, 2018 | 2,112) | (532) | (634) |
| Jul 31, 2017 | 1,599) | (85) | (1,632) |
| Jul 31, 2016 | 1,401) | 371) | (1,940) |
| Jul 31, 2015 | 1,504) | (182) | (1,337) |
| Jul 31, 2014 | 1,446) | (49) | (1,551) |
| Jul 31, 2013 | 1,366) | (485) | (262) |
| Jul 31, 2012 | 1,246) | (225) | (1,344) |
| Jul 31, 2011 | 1,013) | 497) | (1,006) |
| Jul 31, 2010 | 998) | (997) | (467) |
| Jul 31, 2009 | 812) | (432) | (110) |
| Jul 31, 2008 | 830) | (86) | (587) |
| Jul 31, 2007 | 727) | (1,412) | 734) |
| Jul 31, 2006 | 595) | (210) | (479) |
| Jul 31, 2005 | 590) | (2) | (548) |
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).
The financial data demonstrates a trajectory of aggressive growth and scaling in operational capacity over the analyzed period. A consistent and substantial increase in cash generation from core business activities provides the primary foundation for the organization's investment and financing strategies.
- Operating Cash Flow Trends
- Net cash provided by operating activities exhibits a long-term upward trend, growing from 590 million USD in 2005 to a projected 8,838 million USD by 2026. While growth was steady between 2005 and 2017, a significant acceleration is observed starting in 2018. Despite minor fluctuations in 2016 and 2024, the overall trend indicates a robust expansion of the operational cash-generating engine, with values in the final three years of the data set being several times higher than those in the first decade.
- Investment Activity Patterns
- Investing activities are characterized by periodic, high-magnitude cash outflows, suggesting a strategy of episodic large-scale capital expenditures or strategic acquisitions. Notable spikes in investment spending occurred in 2007, 2021, and 2022, with the latter two years reaching peak outflows of 3,965 million USD and 5,421 million USD, respectively. These periods of intense investment are interspersed with years of minimal spending or occasional net inflows, such as those observed in 2011 and 2016, indicating a cyclical approach to asset acquisition and capital deployment.
- Financing Activity and Capital Management
- Cash flows from financing activities show high volatility, alternating between capital injections and significant distributions. A general preference for net outflows is evident, typically associated with debt repayment or shareholder returns. However, significant positive inflows in 2020 and 2022 suggest tactical borrowing or equity issuance to support the aforementioned surges in investing activities. The trend concludes with substantial outflows in 2023 and 2026, with the latter reaching 7,689 million USD, implying an aggressive return of capital to shareholders or a massive deleveraging event funded by the heightened operational cash flows.
- Integrated Cash Flow Dynamics
- An analysis of the interplay between the three cash flow components reveals a transition toward a mature, high-cash-flow model. In the earlier years, operating cash flow was sufficient to cover moderate investments and financing. In the later period, the exponential growth in operating cash flow has enabled the organization to simultaneously fund massive strategic investments (as seen in 2021-2022) and execute large-scale financing outflows without compromising liquidity.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Per Share Data
Intuit Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Jul 31, 2026 | 16.53 | 16.46 | 4.80 |
| Jul 31, 2025 | 13.82 | 13.67 | 4.16 |
| Jul 31, 2024 | 10.58 | 10.43 | 3.60 |
| Jul 31, 2023 | 8.49 | 8.42 | 3.12 |
| Jul 31, 2022 | 7.38 | 7.28 | 2.72 |
| Jul 31, 2021 | 7.65 | 7.56 | 2.36 |
| Jul 31, 2020 | 6.99 | 6.92 | 2.12 |
| Jul 31, 2019 | 5.99 | 5.89 | 1.88 |
| Jul 31, 2018 | 4.72 | 4.64 | 1.56 |
| Jul 31, 2017 | 3.78 | 3.72 | 1.36 |
| Jul 31, 2016 | 3.73 | 3.69 | 1.20 |
| Jul 31, 2015 | 1.30 | 1.28 | 1.00 |
| Jul 31, 2014 | 3.18 | 3.12 | 0.76 |
| Jul 31, 2013 | 2.89 | 2.83 | 0.68 |
| Jul 31, 2012 | 2.67 | 2.60 | 0.60 |
| Jul 31, 2011 | 2.07 | 2.00 | 0.00 |
| Jul 31, 2010 | 1.82 | 1.77 | 0.00 |
| Jul 31, 2009 | 1.39 | 1.35 | 0.00 |
| Jul 31, 2008 | 1.45 | 1.41 | 0.00 |
| Jul 31, 2007 | 1.28 | 1.24 | 0.00 |
| Jul 31, 2006 | 1.20 | 1.16 | 0.00 |
| Jul 31, 2005 | 1.03 | 1.01 | 0.00 |
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, 2, 3 Data adjusted for splits and stock dividends.
The per share data demonstrates a long-term trajectory of growth in both earnings and shareholder distributions, characterized by a significant acceleration in the latter decade of the observed period.
- Earnings Per Share Trends
- Basic and diluted earnings per share exhibited steady growth from 2005 through 2014, with basic EPS rising from 1.03 to 3.18. A sharp, singular contraction occurred in 2015, where basic EPS fell to 1.30, before recovering in 2016 to 3.73. Following this recovery, earnings entered a phase of accelerated growth, particularly from 2020 onward, reaching a projected basic EPS of 16.53 by 2026.
- Dividend Policy and Distribution
- Dividend payments were absent until 2012, marking a strategic shift in capital allocation. Upon initiation at 0.60 per share, dividends have been increased annually without exception. This growth trajectory has mirrored the upward trend in earnings, with the dividend per share rising from 0.60 in 2012 to a projected 4.80 in 2026, indicating a consistent and growing commitment to shareholder returns.
- Earnings Dilution Analysis
- A high degree of convergence is maintained between basic and diluted earnings per share across the entire reporting period. The narrow variance between these two figures suggests that the impact of dilutive securities, such as stock options or convertible instruments, has remained minimal and stable relative to the overall growth in net income.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?