Intuit Inc. (INTU) Income Statement
INTU FY2026 at a glance
Fiscal year ended July 31, 2026 · U.S. dollarsINTU revenue and net income
Where INTU's revenue goes
FY2026Each bar shows an amount and its share of revenue. INTU kept 21.3% of revenue as net income.
INTU profit margins
INTU growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.9% | +14.3% | +17.4% | +16.4% |
| Gross profit | +13.1% | +15.3% | +16.7% | +15.9% |
| Operating income | +25.5% | +25.3% | +19.8% | +17.4% |
| Net income | +18.0% | +24.2% | +17.2% | +16.6% |
| EPS (diluted) | +4.5% | +13.6% | +17.0% | +18.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INTU quarterly EPS vs estimates
Intuit beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 19, 2026 (estimate $2.47).
INTU income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.45B | $18.83B | $16.29B | $14.37B | $12.73B | $9.63B | $7.68B | $6.78B | $6.03B | $5.18B |
| Cost of revenue | $4.25B | $3.62B | $3.46B | $3.14B | $2.41B | $1.68B | $1.38B | $1.17B | $977.0M | $809.0M |
| Gross profit | $17.20B | $15.21B | $12.82B | $11.22B | $10.32B | $7.95B | $6.30B | $5.62B | $4.99B | $4.37B |
| Research & development | $3.38B | $2.93B | $2.75B | $2.54B | $2.35B | $1.68B | $1.39B | $1.23B | $1.19B | $998.0M |
| Sales, general & admin | $7.16B | $6.64B | $5.73B | $5.06B | $4.99B | $3.63B | $2.73B | $2.52B | $2.30B | $1.97B |
| Total operating expenses | $11.02B | $10.28B | $9.19B | $8.08B | $7.75B | $5.45B | $4.12B | $3.76B | $3.49B | $2.97B |
| Operating income | $6.18B | $4.92B | $3.63B | $3.14B | $2.57B | $2.50B | $2.18B | $1.85B | $1.56B | $1.42B |
| Interest income | $180.0M | $175.0M | $147.0M | $96.0M | $52.0M | $85.0M | $39.0M | $46.0M | $18.0M | $8.0M |
| Interest expense | $256.0M | $247.0M | $242.0M | $248.0M | $81.0M | $29.0M | $14.0M | $15.0M | $20.0M | $31.0M |
| Income before taxes | $6.02B | $4.83B | $3.55B | $2.99B | $2.54B | $2.56B | $2.20B | $1.88B | $1.57B | $1.39B |
| Income taxes | $1.45B | $965.0M | $587.0M | $605.0M | $476.0M | $494.0M | $372.0M | $324.0M | $237.0M | $405.0M |
| Net income | $4.57B | $3.87B | $2.96B | $2.38B | $2.07B | $2.06B | $1.83B | $1.56B | $1.33B | $971.0M |
| EBITDA | $7.12B | $5.89B | $4.58B | $4.04B | $3.37B | $2.95B | $2.43B | $2.12B | $1.84B | $1.63B |
| EPS (diluted) | $21.14 | $20.22 | $16.97 | $14.43 | $11.83 | $9.66 | $7.87 | $6.75 | $5.60 | $4.42 |
| Gross margin | 80.2% | 80.8% | 78.7% | 78.1% | 81.1% | 82.5% | 82.1% | 82.8% | 82.8% | 84.4% |
| Operating margin | 28.8% | 26.1% | 22.3% | 21.9% | 20.2% | 26.0% | 28.3% | 27.3% | 25.9% | 27.4% |
| Net margin | 21.3% | 20.5% | 18.2% | 16.6% | 16.2% | 21.4% | 23.8% | 23.0% | 22.1% | 18.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.35B | $8.56B | $4.65B | $3.88B | $3.83B | $7.75B | $3.96B | $3.28B | $3.18B | $6.74B | $3.39B | $2.98B |
| Cost of revenue | $953.0M | $1.33B | $981.0M | $824.0M | $834.0M | $1.14B | $937.0M | $823.0M | $783.0M | $1.19B | $855.0M | $760.0M |
| Gross profit | $3.40B | $7.23B | $3.67B | $3.06B | $3.00B | $6.62B | $3.03B | $2.46B | $2.40B | $5.55B | $2.53B | $2.22B |
| Research & development | $857.0M | $840.0M | $836.0M | $843.0M | $801.0M | $707.0M | $716.0M | $704.0M | $725.0M | $671.0M | $678.0M | $680.0M |
| Sales, general & admin | $1.66B | $2.20B | $1.80B | $1.50B | $1.68B | $2.01B | $1.59B | $1.36B | $1.48B | $1.77B | $1.36B | $1.11B |
| Total operating expenses | $2.63B | $3.22B | $2.81B | $2.53B | $2.66B | $2.90B | $2.43B | $2.19B | $2.55B | $2.44B | $2.16B | $1.91B |
| Operating income | $768.0M | $4.02B | $855.0M | $534.0M | $339.0M | $3.72B | $593.0M | $271.0M | −$151.0M | $3.10B | $369.0M | $307.0M |
| Interest income | $65.0M | $42.0M | $35.0M | $38.0M | $60.0M | $39.0M | $34.0M | $42.0M | $59.0M | $34.0M | $22.0M | $36.0M |
| Interest expense | $70.0M | $70.0M | $174.0M | $58.0M | $59.0M | $68.0M | $60.0M | $60.0M | $61.0M | $72.0M | $57.0M | $65.0M |
| Income before taxes | $540.0M | $4.05B | $869.0M | $561.0M | $366.0M | $3.68B | $571.0M | $213.0M | −$140.0M | $3.07B | $354.0M | $264.0M |
| Income taxes | $177.0M | $983.0M | $176.0M | $115.0M | −$15.0M | $864.0M | $100.0M | $16.0M | −$120.0M | $683.0M | $1.0M | $23.0M |
| 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 |
| EBITDA | $828.0M | $4.33B | $1.25B | $828.0M | $633.0M | $3.95B | $830.0M | $474.0M | $128.0M | $3.33B | $603.0M | $520.0M |
| EPS (diluted) | $2.17 | $12.80 | $2.83 | $3.34 | $2.75 | $11.65 | $3.32 | $2.50 | $1.99 | $9.88 | $2.63 | $2.47 |
| Gross margin | 78.1% | 84.4% | 78.9% | 78.8% | 78.2% | 85.3% | 76.4% | 74.9% | 75.4% | 82.4% | 74.7% | 74.5% |
| Operating margin | 17.6% | 47.0% | 18.4% | 13.7% | 8.8% | 48.0% | 15.0% | 8.3% | −4.7% | 46.1% | 10.9% | 10.3% |
| Net margin | 8.3% | 35.8% | 14.9% | 11.5% | 9.9% | 36.4% | 11.9% | 6.0% | −0.6% | 35.5% | 10.4% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INTU's financial statements (latest annual report filed September 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INTU financial results
In fiscal year 2026 (ended July 31, 2026), Intuit reported revenue of $21.4 billion, up 13.9% from the year before. It had net income of $4.6 billion (up 18.0%), a net profit margin of 21.3%. Diluted earnings per share came to $21.14. Over five years revenue grew at an average rate of 17.4% a year.
See the INTU stock overview for the latest quote and news, or the INTU chart for price history and technical indicators.
INTU income statement FAQ
What is Intuit's annual revenue?
Intuit reported total revenue of $21.4 billion for fiscal year 2026, which ended on July 31, 2026. That was up 13.9% from $18.8 billion the previous year.
Is Intuit profitable?
Yes. Intuit reported net income of $4.6 billion in fiscal 2026, a net profit margin of 21.3%; its operating margin was 28.8%.
What is Intuit's gross margin?
Intuit's gross margin was 80.2% in fiscal 2026: for every $100 of revenue, Intuit kept $80 after the direct cost of its products and services.
How much does Intuit spend on research and development?
Intuit spent $3.4 billion on research and development in fiscal 2026, 15.7% of revenue.
How fast is Intuit growing?
Revenue grew 17.4% a year on average over the last five fiscal years, from $9.6 billion to $21.4 billion.
What are Intuit's earnings per share?
Intuit earned $21.14 per diluted share in fiscal 2026, compared with $20.22 a year earlier.
When will Intuit report its next earnings?
Intuit is expected to report results for the quarter ending October 31, 2026 on November 19, 2026 after the market closes.
When does Intuit's fiscal year end?
Intuit's fiscal year ends in July. The latest annual report covers the year ended July 31, 2026 and was filed on September 9, 2026.