INTUIT INC. INTU
Intuit is a global financial technology platform with a mission to power prosperity around the world. Serving approximately 100 million consumers, small and mid-market businesses, and accountants worldwide, Intuit's platform brings the power of artificial intelligence (AI) and human intelligence together to fuel customers' success. With TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, we help put more money in customers' pockets, save them time by eliminating work, and help ensure that they have complete confidence in every financial decision they make.
Our strategy is to be an AI-driven expert platform by connecting customers to a virtual team of AI agents and AI-enabled human tax and financial experts. We're creating done-for-you experiences by automating everyday tasks, managing complex workflows and processes, and solving challenges before they arise with predictive insights. We connect customers to AI-enabled human experts for that last mile of decisions or to complete the work for them.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.83B | $16.29B | $14.37B | $12.73B | $9.63B | $7.68B | $6.78B | $6.03B | $5.20B | $4.69B |
| Cost of revenue | — | — | — | — | — | — | — | — | $677.0M | $599.0M |
| Gross profit | — | — | — | — | — | — | — | — | $4.52B | $4.09B |
| R&D | $2.93B | $2.75B | $2.54B | $2.35B | $1.68B | $1.39B | $1.23B | $1.19B | $998.0M | $881.0M |
| SG&A | $1.60B | $1.42B | $1.30B | $1.46B | $982.0M | $679.0M | $597.0M | $664.0M | $553.0M | $518.0M |
| Total operating expenses | $13.91B | $12.65B | $11.23B | $10.15B | $7.13B | $5.50B | $4.93B | $4.46B | $3.78B | $3.45B |
| Operating income | $4.92B | $3.63B | $3.14B | $2.57B | $2.50B | $2.18B | $1.85B | $1.56B | $1.42B | $1.24B |
| Pre-tax income | $4.83B | $3.55B | $2.99B | $2.54B | $2.56B | $2.20B | $1.88B | $1.57B | $1.39B | $1.20B |
| Income tax | $965.0M | $587.0M | $605.0M | $476.0M | $494.0M | $372.0M | $324.0M | $237.0M | $405.0M | $397.0M |
| Net income | $3.87B | $2.96B | $2.38B | $2.07B | $2.06B | $1.83B | $1.56B | $1.33B | $985.0M | $979.0M |
| EPS, basic | 13.82 | 10.58 | 8.49 | 7.38 | 7.65 | 6.99 | 5.99 | 5.18 | 3.83 | 3.73 |
| EPS, diluted | 13.67 | 10.43 | 8.42 | 7.28 | 7.56 | 6.92 | 5.89 | 5.09 | 3.78 | 3.69 |
| Shares, diluted (wtd. avg.) | $283.0M | $284.0M | $283.0M | $284.0M | $273.0M | $264.0M | $264.0M | $261.0M | $261.0M | $265.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.88B | $3.61B | $2.85B | $3.00B | $2.82B | $6.70B | $2.35B | $1.63B | $701.0M | $742.0M |
| Short-term investments | — | — | — | $485.0M | $1.31B | $608.0M | $624.0M | $252.0M | $248.0M | $442.0M |
| Receivables | $530.0M | $457.0M | $405.0M | $446.0M | $391.0M | $149.0M | $87.0M | $98.0M | $103.0M | $108.0M |
| Total current assets | $14.11B | $9.68B | $5.56B | $5.05B | $5.16B | $7.98B | $3.59B | $2.42B | $1.42B | $1.61B |
| Property, plant and equipment | $961.0M | $1.01B | $969.0M | $888.0M | $780.0M | $734.0M | $780.0M | $812.0M | $1.03B | $1.03B |
| Goodwill | $13.98B | $13.84B | $13.78B | $13.74B | $5.61B | $1.65B | $1.66B | $1.61B | $1.29B | $1.28B |
| Other intangibles | $5.30B | $5.82B | $6.42B | $7.06B | $3.25B | $28.0M | $54.0M | $61.0M | $22.0M | $44.0M |
| Total assets | $36.96B | $32.13B | $27.78B | $27.73B | $15.52B | $10.93B | $6.28B | $5.13B | $4.07B | $4.25B |
| Accounts payable | $792.0M | $721.0M | $638.0M | $737.0M | $623.0M | $305.0M | $274.0M | $178.0M | $157.0M | $184.0M |
| Short-term debt | $0 | $499.0M | $0 | $499.0M | $0 | $1.34B | $50.0M | $50.0M | $50.0M | $512.0M |
| Total current liabilities | $10.37B | $7.49B | $3.79B | $3.63B | $2.65B | $3.53B | $1.97B | $1.74B | $1.94B | $2.25B |
| Long-term debt | $5.97B | $5.54B | $6.12B | $6.42B | $2.03B | $2.03B | $386.0M | $388.0M | $438.0M | $488.0M |
| Total liabilities | $17.25B | $13.70B | $10.51B | $11.29B | $5.65B | $5.83B | $2.53B | $2.32B | $2.71B | $3.09B |
| Retained earnings | $19.67B | $16.99B | $15.07B | $13.58B | $12.30B | $10.88B | $9.62B | $8.56B | $7.30B | $6.69B |
| Total equity | $19.71B | $18.44B | $17.27B | $16.44B | $9.87B | $5.11B | $3.75B | $2.82B | $1.70B | $1.49B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.21B | $4.88B | $5.05B | $3.89B | $3.25B | $2.41B | $2.32B | $2.11B | $1.60B | $1.46B |
| Depreciation and amortisation | $172.0M | $159.0M | $160.0M | $187.0M | $166.0M | $189.0M | $199.0M | $228.0M | $214.0M | $195.0M |
| Stock-based compensation | $1.97B | $1.94B | $1.71B | $1.31B | $753.0M | $435.0M | $401.0M | $382.0M | $326.0M | $281.0M |
| Capital expenditure | $84.0M | $191.0M | $210.0M | $157.0M | $53.0M | $59.0M | $76.0M | $38.0M | $102.0M | $416.0M |
| Investing cash flow | -$2.32B | -$227.0M | -$922.0M | -$5.42B | -$3.96B | -$97.0M | -$635.0M | -$532.0M | -$17.0M | $371.0M |
| Financing cash flow | -$1.51B | -$397.0M | -$4.27B | $1.73B | -$3.18B | $2.03B | -$965.0M | -$639.0M | -$1.63B | -$2.00B |
| Dividends paid | $1.19B | $1.03B | $889.0M | $774.0M | $646.0M | $561.0M | $501.0M | $407.0M | $353.0M | $318.0M |
| Buybacks | $2.77B | $1.99B | $1.97B | $1.86B | $1.00B | $323.0M | $556.0M | $272.0M | $839.0M | $2.26B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000896878-25-000050.
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