INTUIT INC.

Listed Company

INTUCIK 0000896878NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jul 31

Period

FY 2025

Revenue

$18.83B

Net Income

$3.87B

Total Assets

$36.96B

Equity

$19.71B

Shares Out

276.55M

Op. Cash Flow

$6.21B

Business

INTUIT INC. is a global financial technology platform that powers prosperity by combining artificial intelligence and human expertise to help consumers, small and mid-market businesses, and accountants manage financial lives and operations. It offers tax preparation, personal finance, business financial management, payroll, payments, capital, marketing automation, and professional tax software and services through brands such as TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite. The company organizes operations into four reportable segments: Global Business Solutions, Consumer, Credit Karma, and ProTax. It serves customers worldwide through direct online and app channels, partner integrations, retail distribution for desktop products, and a network of accountants, resellers, and financial institution partners.

Summary from filing dated 2025-09-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net revenue:	18,831	16,285	14,368	12,726	9,633
Amortization of acquired technology	156	146	163	140	50
Selling and marketing	5,035	4,312	3,762	3,526	2,644
Research and development	2,928	2,754	2,539	2,347	1,678
General and administrative	1,601	1,418	1,300	1,460	982
Amortization of other acquired intangible assets	481	483	483	416	146
Restructuring	15	223	0	0	—
Total costs and expenses	13,908	12,655	11,227	10,155	7,133
Operating income	4,923	3,630	3,141	2,571	2,500
Interest expense	−247	−242	−248	−81	−29
Interest and other income, net	158	162	96	52	85
Income before income taxes	4,834	3,550	2,989	2,542	2,556
Income tax provision	965	587	605	476	494
Net income	3,869	2,963	2,384	2,066	2,062
Basic net income per share (in dollars per share)	13.82	10.58	8.49	7.38	7.65
Shares used in basic per share calculations (in shares)	280	280	281	280	270
Diluted net income per share (in dollars per share)	13.67	10.43	8.42	7.28	7.56
Shares used in diluted per share calculations (in shares)	283	284	283	284	273

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	2,884	3,609	2,848	2,796	2,562
Investments	1,668	465	814	485	—
Accounts receivable, net of allowance for doubtful accounts of $5 and $5	530	457	405	446	391
Notes receivable held for investment, net	1,403	779	687	509	—
Notes receivable held for sale	0	3	0	—	—
Income taxes receivable	50	78	29	93	123
Prepaid expenses and other current assets	496	366	354	287	184
Current assets before funds receivable and amounts held for customers	7,031	5,757	5,137	4,616	4,700
Funds receivable and amounts held for customers	7,076	3,921	420	431	457
Total current assets	14,107	9,678	5,557	5,047	5,157
Long-term investments	94	131	105	98	—
Property and equipment, net	961	1,009	969	888	780
Operating lease right-of-use assets	541	411	469	549	380
Goodwill	13,980	13,844	13,780	13,736	5,613
Acquired intangible assets, net	5,302	5,820	6,419	7,061	3,252
Long-term deferred income tax assets	1,222	698	64	11	8
Other assets	751	541	417	344	283
Total assets	36,958	32,132	27,780	27,734	15,516
Short-term debt	0	499	0	499	0
Accounts payable	792	721	638	737	623
Accrued compensation and related liabilities	858	921	665	576	530
Deferred revenue	1,019	872	921	808	684
Other current liabilities	625	557	448	571	361
Current liabilities before funds payable and amounts due to customers	3,294	3,570	3,370	3,199	2,198
Funds payable and amounts due to customers	7,076	3,921	420	431	457
Total current liabilities	10,370	7,491	3,790	3,630	2,655
Long-term debt	5,973	5,539	6,120	6,415	2,034
Operating lease liabilities	597	458	480	542	380
Other long-term obligations	308	208	121	87	53
Total liabilities	17,248	13,696	10,511	11,293	5,647
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value Authorized - 1,345 shares total; 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding - None	0	0	0	0	0
Common stock, $0.01 par value Authorized - 750,000 shares Outstanding - 279,129 shares at July 31, 2025 and 280,268 shares at July 31, 2024	3	3	3	3	3
Additional paid-in capital	21,632	20,248	19,026	17,722	10,545
Treasury stock, at cost	−21,543	−18,750	−16,772	−14,805	−12,951
Accumulated other comprehensive loss	−50	−54	−55	−60	−24
Retained earnings	19,668	16,989	15,067	13,581	12,296
Total stockholders equity	19,710	18,436	17,269	16,441	9,869
Total liabilities and stockholders equity	36,958	32,132	27,780	27,734	15,516

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation	172	159	160	187	166
Amortization of acquired intangible assets	637	630	646	559	197
Non-cash operating lease cost	75	81	90	83	62
Share-based compensation expense	1,968	1,940	1,712	1,308	753
Deferred income taxes	−435	−554	−628	120	−42
Other	127	92	81	2	−39
Total adjustments	2,544	2,348	2,061	2,259	1,097
Originations and purchases of notes receivable held for sale	0	−96	0	0	−41
Sales and principal repayments of notes receivable held for sale	0	98	0	0	143
Accounts receivable	−71	−52	42	−31	−104
Income taxes receivable	27	−48	64	29	−51
Prepaid expenses and other assets	−283	−30	−75	−121	30
Accounts payable	73	133	−97	−95	206
Accrued compensation and related liabilities	−64	257	88	−357	−70
Deferred revenue	142	−49	111	71	22
Operating lease liabilities	−77	−71	−81	−83	−66
Other liabilities	47	−569	549	145	30
Total changes in operating assets and liabilities	−206	−429	601	−436	−11
Net cash provided by operating activities	6,207	4,884	5,046	3,889	3,250
Purchases of corporate and customer fund investments	−2,363	−780	−1,015	−830	−1,489
Sales of corporate and customer fund investments	320	526	240	1,524	229
Maturities of corporate and customer fund investments	864	676	449	234	550
Purchases of property and equipment	−84	−191	−210	−157	−53
Capitalization of internal use software	−40	−59	−50	−72	−72
Acquisitions of businesses, net of cash acquired	−184	−83	−33	−5,682	−3,064
Originations and purchases of notes receivable held for investment	−3,992	−2,538	−1,983	—	—
Sales of notes receivable originally classified as held for investment	562	234	0	—	—
Principal repayments of notes receivable held for investment	2,706	2,068	1,727	—	—
Other	−107	−80	−47	−24	30
Net cash used in investing activities	−2,318	−227	−922	−5,421	−3,965
Proceeds from issuance of long-term debt, net of discount and issuance costs	0	3,956	0	4,700	0
Repayments of debt	−500	−4,200	−1,009	0	−338
Proceeds from borrowings under unsecured revolving credit facility	0	100	0	—	—
Repayments on borrowings under unsecured revolving credit facility	0	−100	0	—	—
Proceeds from borrowings under secured revolving credit facilities	429	180	222	182	0
Repayments on borrowings under secured revolving credit facilities	0	−25	−23	0	0
Proceeds from issuance of stock under employee stock plans	398	282	228	162	196
Payments for employee taxes withheld upon vesting of restricted stock units	−982	−1,002	−633	−611	−383
Cash paid for purchases of treasury stock	−2,772	−1,988	−1,967	−1,861	−1,005
Dividends and dividend rights paid	−1,189	−1,034	−889	−774	−646
Net change in funds receivable and funds payable and amounts due to customers	3,107	3,436	−197	−56	2
Other	−1	−2	−1	−10	−2
Net cash used in financing activities	−1,510	−397	−4,269	1,732	−3,176
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents	3	−13	0	−22	13
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents	2,382	4,247	−145	178	−3,878
Interest paid	284	200	272	67	30
Income taxes paid, net	1,408	1,881	484	303	578
Transfers of notes receivable originated or purchased as held for investment to held for sale	546	231	0	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro