Intuit Inc. (INTU) Cash Flow Statement
Where INTU’s cash came from and went, FY2026
July 31, 2026 · U.S. dollars- Cash from operations
- $8.84B +42.4% vs FY2025
- Capital expenditures
- $221.0M 1.0% of revenue
- Free cash flow
- $8.62B 40.2% margin
- Returned to shareholders
- $6.76B 78% of free cash flow
- Change in cash
- −$265.0M cash at year-end $9.22B
Drawn to scale: where the cash came from and how it was used. Hover for values.
INTU operating cash flow, capex and free cash flow
INTU cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.60BFY2017 | $8.84BFY2026 | +20.9%/yr | |
| Capital expenditures | $230.0MFY2017 | $221.0MFY2026 | −0.4%/yr | |
| Free cash flow | $1.37BFY2017 | $8.62BFY2026 | +22.7%/yr | |
| Free cash flow margin | 26.4%FY2017 | 40.2%FY2026 | +13.7 pts | |
| Operating cash flow / net income | 1.65FY2017 | 1.94FY2026 | +0.29 | |
| Stock-based compensation | $326.0MFY2017 | $2.06BFY2026 | +22.7%/yr | |
| Dividends paid | $353.0MFY2017 | $1.35BFY2026 | +16.0%/yr | |
| Share buybacks (net) | $839.0MFY2017 | $5.41BFY2026 | +23.0%/yr | |
| Capex / revenue | 4.4%FY2017 | 1.0%FY2026 | −3.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
INTU cash flow by activity
INTU net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
INTU cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $4.57B | $3.87B | $2.96B | $2.38B | $2.07B | $2.06B | $1.83B | $1.56B | $1.21B | $971.0M |
| Depreciation & amortization | $846.0M | $809.0M | $789.0M | $806.0M | $746.0M | $363.0M | $218.0M | $225.0M | $253.0M | $236.0M |
| Stock-based compensation | $2.06B | $1.97B | $1.94B | $1.71B | $1.31B | $753.0M | $435.0M | $401.0M | $382.0M | $326.0M |
| Change in working capital | −$4.0M | −$206.0M | −$429.0M | $601.0M | −$436.0M | −$11.0M | $132.0M | $133.0M | $130.0M | $45.0M |
| Other non-cash items | $1.37B | −$233.0M | −$379.0M | −$457.0M | $205.0M | $83.0M | −$197.0M | $8.0M | $136.0M | $21.0M |
| Cash from operating activities | $8.84B | $6.21B | $4.88B | $5.05B | $3.89B | $3.25B | $2.41B | $2.32B | $2.11B | $1.60B |
| Investing activities | ||||||||||
| Capital expenditures | −$221.0M | −$124.0M | −$250.0M | −$260.0M | −$229.0M | −$125.0M | −$137.0M | −$155.0M | −$124.0M | −$230.0M |
| Investments (net) | $1.42B | −$2.32B | −$227.0M | −$922.0M | −$5.42B | −$710.0M | −$97.0M | −$365.0M | $7.0M | $190.0M |
| Acquisitions & other investing | −$2.61B | $124.0M | $250.0M | $260.0M | $229.0M | −$3.13B | $137.0M | −$46.0M | −$415.0M | −$45.0M |
| Cash from investing activities | −$1.41B | −$2.32B | −$227.0M | −$922.0M | −$5.42B | −$3.96B | −$97.0M | −$566.0M | −$532.0M | −$85.0M |
| Financing activities | ||||||||||
| Dividends paid | −$1.35B | −$1.19B | −$1.03B | −$889.0M | −$774.0M | −$646.0M | −$561.0M | −$501.0M | −$407.0M | −$353.0M |
| Share repurchases & issuance (net) | −$5.41B | −$2.77B | −$1.99B | −$1.97B | −$1.86B | −$1.00B | −$323.0M | −$556.0M | −$272.0M | −$839.0M |
| Net borrowing (repayment) | $1.69B | −$71.0M | −$89.0M | −$810.0M | $4.88B | −$1.34B | $2.93B | −$2.0M | −$50.0M | −$512.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$2.62B | $2.52B | $2.71B | −$603.0M | −$515.0M | −$187.0M | −$15.0M | $25.0M | $95.0M | $72.0M |
| Cash from financing activities | −$7.69B | −$1.51B | −$397.0M | −$4.27B | $1.73B | −$3.18B | $2.03B | −$1.03B | −$634.0M | −$1.63B |
| Summary | ||||||||||
| Net change in cash | −$265.0M | $2.38B | $4.25B | −$145.0M | $178.0M | −$3.88B | $4.34B | $721.0M | $935.0M | −$109.0M |
| Cash at end of period | $9.22B | $9.48B | $7.10B | $2.85B | $3.00B | $2.82B | $6.70B | $2.35B | $1.46B | $529.0M |
| Free cash flow | $8.62B | $6.08B | $4.63B | $4.79B | $3.66B | $3.12B | $2.28B | $2.17B | $1.99B | $1.37B |
| Free cash flow margin | 40.2% | 32.3% | 28.5% | 33.3% | 28.8% | 32.4% | 29.7% | 32.0% | 33.0% | 26.4% |
| Capex / revenue | 1.0% | 0.7% | 1.5% | 1.8% | 1.8% | 1.3% | 1.8% | 2.3% | 2.1% | 4.4% |
| Operating cash flow / net income | 1.94 | 1.60 | 1.65 | 2.12 | 1.88 | 1.58 | 1.32 | 1.49 | 1.74 | 1.65 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $363.0M | $3.06B | $693.0M | $446.0M | $381.0M | $2.82B | $471.0M | $197.0M | −$20.0M | $2.39B | $353.0M | $241.0M |
| Depreciation & amortization | $218.0M | $210.0M | $209.0M | $209.0M | $208.0M | $201.0M | $199.0M | $201.0M | $208.0M | $198.0M | $192.0M | $191.0M |
| Stock-based compensation | $507.0M | $485.0M | $521.0M | $543.0M | $490.0M | $469.0M | $498.0M | $511.0M | $519.0M | $451.0M | $475.0M | $495.0M |
| Change in working capital | $61.0M | $484.0M | $13.0M | −$562.0M | −$573.0M | $922.0M | −$17.0M | −$538.0M | −$138.0M | $908.0M | −$260.0M | −$939.0M |
| Other non-cash items | $182.0M | $1.06B | $134.0M | $1.0M | −$125.0M | −$17.0M | −$82.0M | −$9.0M | −$152.0M | $5.0M | −$147.0M | −$85.0M |
| Cash from operating activities | $1.33B | $5.30B | $1.57B | $637.0M | $381.0M | $4.39B | $1.07B | $362.0M | $417.0M | $3.95B | $613.0M | −$97.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$73.0M | −$64.0M | −$46.0M | −$38.0M | −$25.0M | −$35.0M | −$31.0M | −$33.0M | −$42.0M | −$61.0M | −$63.0M | −$84.0M |
| Investments (net) | $446.0M | −$1.27B | $540.0M | $1.20B | −$1.23B | −$416.0M | −$489.0M | −$188.0M | −$252.0M | −$219.0M | $34.0M | $210.0M |
| Acquisitions & other investing | −$685.0M | −$267.0M | −$1.19B | $38.0M | $25.0M | $35.0M | $31.0M | $33.0M | $42.0M | $61.0M | $63.0M | $84.0M |
| Cash from investing activities | −$312.0M | −$1.60B | −$700.0M | $1.20B | −$1.23B | −$416.0M | −$489.0M | −$188.0M | −$252.0M | −$219.0M | $34.0M | $210.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$332.0M | −$333.0M | −$341.0M | −$341.0M | −$301.0M | −$292.0M | −$300.0M | −$296.0M | −$261.0M | −$257.0M | −$256.0M | −$260.0M |
| Share repurchases & issuance (net) | −$1.95B | −$1.68B | −$933.0M | −$854.0M | −$746.0M | −$752.0M | −$717.0M | −$557.0M | −$281.0M | −$572.0M | −$551.0M | −$584.0M |
| Net borrowing (repayment) | $1.51B | $0 | $20.0M | $166.0M | −$435.0M | $145.0M | $134.0M | $85.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$2.93B | $3.43B | $217.0M | −$3.34B | $1.62B | $1.75B | −$2.38B | $1.53B | $996.0M | −$855.0M | $791.0M | $1.69B |
| Cash from financing activities | −$3.71B | $1.43B | −$1.04B | −$4.37B | $142.0M | $847.0M | −$3.26B | $761.0M | $454.0M | −$1.68B | −$16.0M | $849.0M |
| Summary | ||||||||||||
| Net change in cash | −$2.70B | $5.13B | −$564.0M | $622.0M | −$2.56B | $4.84B | −$2.69B | −$737.0M | $618.0M | $2.04B | $644.0M | $945.0M |
| Cash at end of period | $9.22B | $11.91B | $2.94B | $3.51B | $2.88B | $10.18B | $5.34B | $2.87B | $7.10B | $6.48B | $4.44B | $3.80B |
| Free cash flow | $1.26B | $5.24B | $1.52B | $599.0M | $356.0M | $4.36B | $1.04B | $329.0M | $375.0M | $3.89B | $550.0M | −$181.0M |
| Free cash flow margin | 28.9% | 61.2% | 32.8% | 15.4% | 9.3% | 56.2% | 26.2% | 10.0% | 11.8% | 57.7% | 16.2% | −6.1% |
| Capex / revenue | 1.7% | 0.7% | 1.0% | 1.0% | 0.7% | 0.5% | 0.8% | 1.0% | 1.3% | 0.9% | 1.9% | 2.8% |
| Operating cash flow / net income | 3.67 | 1.73 | 2.27 | 1.43 | 1.00 | 1.56 | 2.27 | 1.84 | — | 1.65 | 1.74 | −0.40 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
INTU cash generation
In fiscal 2026 (ended July 31, 2026), Intuit generated $8.8 billion of cash from operations (up 42.4%) and spent $221.0 million on capital expenditures, leaving free cash flow of $8.6 billion, 40.2% of revenue. It returned $6.8 billion to shareholders through dividends ($1.3 billion) and net share buybacks ($5.4 billion). Cash and equivalents fell by $265.0 million over the year.
Related: INTU income statement, INTU balance sheet, INTU dividend history. See the INTU stock overview for the latest quote and news.
INTU cash flow FAQ
What is Intuit's free cash flow?
Intuit's free cash flow was $8.6 billion in fiscal 2026: $8.8 billion of operating cash flow minus $221.0 million of capital expenditures It was $6.1 billion a year earlier..
How much cash does Intuit generate from operations?
Intuit generated $8.8 billion of cash from operating activities in fiscal 2026, 1.94 times its net income of $4.6 billion.
How much does Intuit spend on capital expenditures?
Intuit spent $221.0 million on capital expenditures in fiscal 2026, 1.0% of revenue, compared with $124.0 million the year before.
How much stock does Intuit buy back?
Intuit spent $5.4 billion on net share repurchases in fiscal 2026.
How much does Intuit pay in dividends?
Intuit paid $1.3 billion in dividends in fiscal 2026, 15.6% of free cash flow.