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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.69B | $5.20B | $6.03B | $6.78B | $7.68B | $9.63B | $12.73B | $14.37B | $16.29B | $18.83B |
| Gross profit | $4.09B | $4.52B | — | — | — | — | — | — | — | — |
| Net income | $979.0M | $985.0M | $1.33B | $1.56B | $1.83B | $2.06B | $2.07B | $2.38B | $2.96B | $3.87B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |