INTUIntuit

Technology · Software · Nasdaq

Intuit is a global financial technology platform with a mission to power prosperity around the world. 10-K, Item 1

Employees: 18,600
Headquarters: Mountain View, CA
CEO: Sasan K. Goodarzi
Next results: around Nov 19, 2026

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	16.46	Sales (ttm)	21.4B	Net income (ttm)	4.6B	Sales growth	+13.9%	EPS growth	+20.4%	Sales Q/Q	-
Free cash flow	8.7B	Gross margin	-	Oper. margin	27.4%	Net margin	21.3%	FCF margin	40.4%	ROE	24.0%
ROA	12.4%	R&D / sales	15.7%	Dividend	4.80	Debt/Eq	0.40	Curr. ratio	1.51	Cash	4.7B
Op. cash flow (ttm)	8.8B	EBITDA	6.1B	EBITDA margin	28.3%	Net debt	3.0B	Quick ratio	1.51	Interest cover	22.98
ROIC	16.7%	Payout ratio	29.2%	Tax rate	24.1%	Stock pay / sales	9.6%	Shares out.	267.2M	Shares Y/Y	-2.1%
Book / share	71.07	Cash / share	17.61	Sales / share	80.26	Asset turnover	0.58	Days sales out.	11	Sales 3Y CAGR	+14.3%
Sales 5Y CAGR	+17.4%	EPS 3Y CAGR	+25.0%	EPS 5Y CAGR	+16.8%	Employees	18,600	Sales / employee	1.2M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025

Debt rose 28%$6.0B → $7.7B · Short-term + long-term debt at year end
Free cash flow rose 41%$6.1B → $8.7B · Cash from operations − capital expenditure · 10-K ↗

What management wrote about it → · Every company →

INTU against Technology peers

Ten years, side by side → · All 75 →

INTUPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth

+13.9%39th of 75 · median +14.1%

Net margin

21.3%34th of 75 · median 19.1%

Return on equity

24.0%33rd of 69 · median 23.9%

Free cash flow margin

40.4%11th of 71 · median 22.3%

Debt / equity (less is better)

0.4027th of 61 · median 0.46

INTU and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
INTU Intuit	$21.4B	+13.9%	-	21.3%	24.0%	40.4%	0.40
CDW CDW Corporation	$24.5B	+6.8%	21.0%	4.5%	41.7%	3.8%	2.70
CTSH Cognizant	$21.9B	+7.0%	-	11.8%	17.5%	10.8%	0.11
TXN Texas Instruments	$20.8B	+13.0%	60.2%	34.3%	37.1%	35.2%	0.71
TEL TE Connectivity	$19.9B	+15.2%	36.2%	16.4%	24.0%	17.1%	0.42
GLW Corning Inc.	$17.7B	+19.1%	36.5%	12.1%	15.7%	-	0.60

Profitability

3 of 3

✓
Net margin above the peer median21.3% vs 19.1%
✓
Return on equity above 15%24.0%
✓
A profit in every one of 10 years

Net margin, FY2017 to FY2026: 19.0% → 21.3%

Balance sheet

4 of 4

✓
Interest covered more than 5 timesOperating income is 23.0× interest expense
✓
Debt smaller than equityDebt / equity 0.40 on the latest balance sheet (peer median 0.46)
✓
Current assets cover current liabilitiesCurrent ratio 1.51
✓
Net debt under 3 years of free cash flow$3.0B net debt, 0.3 years

Debt / equity at each year end, FY2017 to FY2026: 0.29 → 0.40

What the debt is made of ↓

Cash and shareholders

3 of 4

✓
Free cash flow positive in every one of 10 years$8.7B last year
!
Share count up over 5 years+1.5%
✓
Dividend per share up over 5 years$2.36 → $4.80
✓
Cash from operations above net income$8.8B vs $4.6B

Free cash flow, FY2017 to FY2026: 1.5B → 8.7B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Jul 31, 2026

The debt note's own lines, 2026-07-31

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
Senior Unsecured Notes	Secured	–	not stated	$6.8B
Senior Unsecured Notes	Secured	–	not stated	$6.7B
5.500%, 2023 Notes due September 2053 (Senior Unsecured Notes)	Secured	5.50–5.58%	not stated	$1.2B
5.200%, 2023 Notes due September 2033 (Senior Unsecured Notes)	Secured	5.20–5.31%	not stated	$1.2B
5.500%, 2026 Notes due June 2036 (Senior Unsecured Notes)	Secured	5.50–5.62%	not stated	$1.0B
5.125%, 2023 Notes due September 2028 (Senior Unsecured Notes)	Secured	5.12–5.26%	not stated	$750.0M
5.250%, 2023 Notes due September 2026 (Senior Unsecured Notes)	Secured	5.25–5.33%	not stated	$750.0M
4.950%, 2026 Notes due June 2031 (Senior Unsecured Notes)	Secured	4.95–5.08%	not stated	$750.0M
1.650%, 2020 Notes due July 2030 (Senior Unsecured Notes)	Secured	1.65–1.77%	not stated	$500.0M
1.350%, 2020 Notes due July 2027 (Senior Unsecured Notes)	Secured	1.35–1.49%	not stated	$500.0M

From the debt note in the 10-K's XBRL (0000896878-26-000037), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2026

Revenue 21.4B Net income 4.6B

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $21.4B of revenue came from

by product, year to Jul 31, 2026

Service $18.9B · 88%
Product and other $2.5B · 12%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

INTU's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue21.4B

Net income4.6B

Free cash flow8.7B

EPS (diluted)16.46

Dividend per share4.80

Diluted shares277.0M

The segments changed

10-K filed 2026-09-09

Compared with the 10-K of Sep 3, 2025: no longer reported: Credit Karma, Pro Tax.

Our reportable segments are described in Note 14, “Segment Information.” We have recast certain prior period amounts to conform to our current presentation of our reportable segments. 10-K

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to Jul 31, 2026

	Revenue	Share	vs year before
Global Business Solutions	12.9B	60.0%	+16.1%
Global Business Solutions	12.9B	60.0%	+16.1%
Consumer	8.6B	40.0%	+10.7%

10-K 0000896878-26-000037, segment and revenue notes (XBRL).

Revenue by product or service

year to Jul 31, 2026

	Revenue	Share	vs year before
Service	18.9B	88.2%	+15.3%
Product and other	2.5B	11.8%	+4.4%

10-K 0000896878-26-000037, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	5.2B	6.0B	6.8B	7.7B	9.6B	12.7B	14.4B	16.3B	18.8B	21.4B
Cost of revenue	120.0M	-	-	-	-	-	-	-	-	-
R&D	998.0M	1.2B	1.2B	1.4B	1.7B	2.3B	2.5B	2.8B	2.9B	3.4B
SG&A	553.0M	664.0M	597.0M	679.0M	982.0M	1.5B	1.3B	1.4B	1.6B	1.6B
Operating income	1.4B	1.6B	1.9B	2.2B	2.5B	2.6B	3.1B	3.6B	4.9B	5.9B
Interest expense	31.0M	20.0M	15.0M	14.0M	29.0M	81.0M	248.0M	242.0M	247.0M	256.0M
Pretax income	1.4B	1.6B	1.9B	2.2B	2.6B	2.5B	3.0B	3.5B	4.8B	6.0B
Income tax	405.0M	237.0M	324.0M	372.0M	494.0M	476.0M	605.0M	587.0M	965.0M	1.5B
Net income	985.0M	1.3B	1.6B	1.8B	2.1B	2.1B	2.4B	3.0B	3.9B	4.6B
EPS (diluted)	3.78	5.09	5.89	6.92	7.56	7.28	8.42	10.43	13.67	16.46
Diluted shares	261.0M	261.0M	264.0M	264.0M	273.0M	284.0M	283.0M	284.0M	283.0M	277.0M
Depreciation & amortization	214.0M	228.0M	199.0M	189.0M	166.0M	187.0M	160.0M	159.0M	172.0M	187.0M
EBITDA	1.6B	1.8B	2.1B	2.4B	2.7B	2.8B	3.3B	3.8B	5.1B	6.1B
Operating margin	27.3%	25.9%	27.3%	28.3%	26.0%	20.2%	21.9%	22.3%	26.1%	27.4%
Net margin	19.0%	22.1%	23.0%	23.8%	21.4%	16.2%	16.6%	18.2%	20.5%	21.3%
Revenue growth	-	+16.0%	+12.6%	+13.2%	+25.4%	+32.1%	+12.9%	+13.3%	+15.6%	+13.9%
EPS growth	-	+34.7%	+15.7%	+17.5%	+9.2%	-3.7%	+15.7%	+23.9%	+31.1%	+20.4%

Balance sheet

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash	529.0M	1.5B	2.1B	6.4B	2.6B	2.8B	2.8B	3.6B	2.9B	4.7B
Short-term investments	248.0M	252.0M	624.0M	608.0M	1.3B	485.0M	-	-	-	-
Receivables	103.0M	98.0M	87.0M	149.0M	391.0M	446.0M	405.0M	457.0M	530.0M	625.0M
Current assets	1.4B	2.4B	3.6B	8.0B	5.2B	5.0B	5.6B	9.7B	14.1B	15.3B
Property & equipment	1.0B	812.0M	780.0M	734.0M	780.0M	888.0M	969.0M	1.0B	961.0M	1.0B
Goodwill	1.3B	1.6B	1.7B	1.7B	5.6B	13.7B	13.8B	13.8B	14.0B	14.0B
Total assets	4.1B	5.1B	6.3B	10.9B	15.5B	27.7B	27.8B	32.1B	37.0B	36.8B
Accounts payable	157.0M	178.0M	274.0M	305.0M	623.0M	737.0M	638.0M	721.0M	792.0M	873.0M
Current liabilities	1.9B	1.7B	2.0B	3.5B	2.7B	3.6B	3.8B	7.5B	10.4B	10.2B
Total debt	488.0M	438.0M	436.0M	3.4B	2.0B	6.9B	6.1B	6.0B	6.0B	7.7B
Total liabilities	2.7B	2.3B	2.5B	5.8B	5.6B	11.3B	10.5B	13.7B	17.2B	17.8B
Shareholders' equity	1.7B	2.8B	3.7B	5.1B	9.9B	16.4B	17.3B	18.4B	19.7B	19.0B
Retained earnings	7.3B	8.6B	9.6B	10.9B	12.3B	13.6B	15.1B	17.0B	19.7B	19.0B

Cash flow

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	1.6B	2.1B	2.3B	2.4B	3.2B	3.9B	5.0B	4.9B	6.2B	8.8B
Capital spending	102.0M	38.0M	76.0M	59.0M	53.0M	157.0M	210.0M	191.0M	84.0M	175.0M
Free cash flow	1.5B	2.1B	2.2B	2.4B	3.2B	3.7B	4.8B	4.7B	6.1B	8.7B
Stock-based pay (added back)	326.0M	382.0M	401.0M	435.0M	753.0M	1.3B	1.7B	1.9B	2.0B	2.1B
Dividends paid	353.0M	407.0M	501.0M	561.0M	646.0M	774.0M	889.0M	1.0B	1.2B	1.3B
Buybacks	839.0M	272.0M	556.0M	323.0M	1.0B	1.9B	2.0B	2.0B	2.8B	5.4B
Acquisitions	0	363.0M	64.0M	0	3.1B	5.7B	33.0M	83.0M	184.0M	0
Debt raised	0	0	48.0M	2.0B	0	4.7B	-	-	-	-
Debt repaid	512.0M	50.0M	50.0M	50.0M	338.0M	0	1.0B	4.2B	500.0M	0
Investing cash flow	-17.0M	-532.0M	-635.0M	-97.0M	-4.0B	-5.4B	-922.0M	-227.0M	-2.3B	-1.4B
Financing cash flow	-1.6B	-639.0M	-965.0M	2.0B	-3.2B	1.7B	-4.3B	-397.0M	-1.5B	-7.7B
Dividend per share	1.36	1.56	1.88	2.12	2.36	2.72	3.12	3.60	4.16	4.80

Stock-based pay and leases

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Stock-based pay (expense)	326.0M	382.0M	401.0M	435.0M	753.0M	1.3B	1.7B	1.9B	2.0B	2.1B
Stock-based pay / revenue	6.3%	6.3%	5.9%	5.7%	7.8%	10.3%	11.9%	11.9%	10.5%	9.6%
Operating lease cost	-	-	-	69.0M	75.0M	105.0M	124.0M	108.0M	111.0M	142.0M
Operating lease cash paid	-	-	-	70.0M	76.0M	104.0M	107.0M	89.0M	101.0M	124.0M
Right-of-use assets	-	-	-	226.0M	380.0M	549.0M	469.0M	411.0M	541.0M	609.0M
Operating lease liabilities	-	-	-	267.0M	446.0M	626.0M	569.0M	529.0M	666.0M	752.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on INTU in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/INTU/export.csv") into a cell.