Intuit's Income Statement Analysis: Revenue to Profit Breakdown
Intuit's Income Statement Analysis: Revenue to Profit Breakdown
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FY22
Jul 31, 2022
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FY23
Jul 31, 2023
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FY24
Jul 31, 2024
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FY25
Jul 31, 2025
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FY26
Jul 31, 2026
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$12.73 B | $14.37 B | $16.29 B | $18.83 B | $21.45 B | $21.45 B |
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Cost of Revenue Direct cost of goods/services. |
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$2.41 B | $3.14 B | $3.47 B | $3.62 B | $4.02 B | $4.02 B |
Gross Profit Revenue minus cost of revenue. |
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$10.32 B | $11.23 B | $12.82 B | $15.21 B | $17.43 B | $17.43 B |
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Operating Expense
Costs to run business. |
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$7.75 B | $8.08 B | $9.19 B | $10.28 B | $11.55 B | $11.55 B |
Research and Development Investment in innovation. |
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$2.35 B | $2.54 B | $2.75 B | $2.93 B | $3.38 B | $3.38 B |
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Sales, General and Administrative
Selling and admin costs. |
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$4.99 B | $5.06 B | $5.73 B | $6.64 B | $7.16 B | $7.16 B |
General and Administrative Corporate overhead costs. |
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$1.46 B | $1.30 B | $1.42 B | $1.60 B | $1.62 B | $1.62 B |
Sales and Marketing Customer acquisition costs. |
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$3.53 B | $3.76 B | $4.31 B | $5.04 B | $5.53 B | $5.53 B |
Other Expenses Other operating costs. |
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$416.00 M | $483.00 M | $706.00 M | $720.00 M | $1.02 B | $1.02 B |
Operating Income Profit from operations. |
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$2.57 B | $3.14 B | $3.63 B | $4.92 B | $5.88 B | $5.88 B |
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Net Interest Income
Interest income minus expense. |
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-$17.00 M | -$142.00 M | -$95.00 M | -$72.00 M | -$256.00 M | -$160.00 M |
Interest Income Income from investments. |
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$64.00 M | $106.00 M | $147.00 M | $175.00 M | - | $212.00 M |
Interest Expense Cost of borrowing. |
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$81.00 M | $248.00 M | $242.00 M | $247.00 M | $256.00 M | $372.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$52.00 M | -$96.00 M | -$162.00 M | -$158.00 M | - | -$370.00 M |
Total Other Income (Net) Net non-operating items. |
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-$29.00 M | -$152.00 M | -$80.00 M | -$89.00 M | $133.00 M | $133.00 M |
Income Before Tax Profit before taxes. |
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$2.54 B | $2.99 B | $3.55 B | $4.83 B | $6.02 B | $6.02 B |
Income Tax Expense Taxes on income. |
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$476.00 M | $605.00 M | $587.00 M | $965.00 M | $1.45 B | $1.45 B |
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Net Income
Final profit. |
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$2.07 B | $2.38 B | $2.96 B | $3.87 B | $4.57 B | $4.57 B |
Net Income From Continuing Operations Profit from core business. |
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$2.07 B | $2.38 B | $2.96 B | $3.87 B | $4.57 B | $4.57 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$7.38 | $8.48 | $10.58 | $13.82 | $16.53 | $16.53 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$7.27 | $8.42 | $10.43 | $13.67 | $16.46 | $16.49 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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280.00 M | 281.00 M | 280.00 M | 280.00 M | 276.00 M | 272.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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284.00 M | 283.00 M | 284.00 M | 283.00 M | 277.00 M | 272.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$2.62 B | $3.24 B | $3.79 B | $5.08 B | $5.88 B | $6.25 B |
EBITDA Earnings before interest, tax, D&A. |
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$3.37 B | $4.04 B | $4.58 B | $5.89 B | $5.88 B | $6.88 B |
Depreciation and Amortization Non-cash expense for assets. |
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$746.00 M | $806.00 M | $789.00 M | $809.00 M | - | $628.00 M |
| Company Report |
Intuit's Assets vs Liabilities & Equity
Intuit's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jul 31, 2026 |
| Latest financial periods ended |
Quarterly: Q4 FY2026 (July 31, 2026) Annual: FY 2026 (July 31, 2026) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




