Name: Intuit Inc. (NASDAQ:INTU) | Enterprise Value (EV)
Creator: Stock Analysis on Net

Current EV
Historical EV

Intuit Inc., current enterprise value calculation

Current share price (P)	$281.08
No. shares of common stock outstanding	267,236,000
US$ in millions
Common equity (market value)¹	75,115)
Add: Preferred stock, $0.01 par value; none issued and outstanding (per books)	—)
Total equity	75,115)
Add: Short-term debt (per books)	1,249)
Add: Long-term debt (per books)	6,420)
Total equity and debt	82,784)
Less: Cash and cash equivalents	4,705)
Less: Investments	2,495)
Enterprise value (EV)	75,584)

Based on: 10-K (reporting date: 2026-07-31).

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 281.08 × 267,236,000

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Intuit Inc., EV calculation

	Jul 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Share price^1, 2	$313.94	$668.68	$623.10	$549.60	$420.06	$567.59
No. shares of common stock outstanding¹	267,236,000	278,805,000	280,292,000	280,259,493	281,869,879	273,091,929
US$ in millions
Common equity (market value)³	83,896)	186,431)	174,650)	154,031)	118,402)	155,004)
Add: Preferred stock, $0.01 par value; none issued and outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	83,896)	186,431)	174,650)	154,031)	118,402)	155,004)
Add: Short-term debt (book value)	1,249)	—)	499)	—)	499)	—)
Add: Long-term debt (book value)	6,420)	5,973)	5,539)	6,120)	6,415)	2,034)
Total equity and debt	91,565)	192,404)	180,688)	160,151)	125,316)	157,038)
Less: Cash and cash equivalents	4,705)	2,884)	3,609)	2,848)	2,796)	2,562)
Less: Investments	2,495)	1,668)	465)	814)	485)	1,308)
Enterprise value (EV)	84,365)	187,852)	176,614)	156,489)	122,035)	153,168)

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).

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Intuit Inc. Annual Report.

³ 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 313.94 × 267,236,000

The Enterprise Value (EV) demonstrates a volatile trajectory over the observed six-year period, characterized by an initial decline, a multi-year recovery and growth phase, and a substantial contraction in the final period.

Enterprise Value Trajectory: A reduction in Enterprise Value is observed from US$ 153,168 million in 2021 to US$ 122,035 million in 2022. This was followed by a sustained period of expansion, with the EV climbing to US$ 156,489 million in 2023, US$ 176,614 million in 2024, and reaching a peak of US$ 187,852 million by July 31, 2025. A sharp contraction occurs in the final period ending July 31, 2026, where the value falls to US$ 84,365 million.
Relationship Between Equity and Enterprise Value: The market value of common equity and the Enterprise Value move in close synchronization throughout the period. The near-identical values for common equity and total equity suggest a capital structure heavily weighted toward equity. Furthermore, the narrow variance between Total Equity and Debt and the Enterprise Value indicates that net debt has a minimal impact on the overall valuation, with equity serving as the primary driver of EV.
Analysis of Valuation Volatility: Significant valuation swings are evident, most notably the recovery between 2022 and 2025 and the subsequent collapse in 2026. The growth phase from 2022 to 2025 represents a recovery and expansion of approximately 54% in Enterprise Value. This progress is offset by the 2026 decline, which reflects a reduction of approximately 55% from the 2025 peak, bringing the valuation well below the 2021 baseline.

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Intuit Inc. (NASDAQ:INTU)

Enterprise Value (EV)

Current Enterprise Value (EV)

Historical Enterprise Value (EV)