Intuit (INTU) financial statements
Intuit reported revenue of $21.4B in fiscal 2026, up 17.1% a year over 9 years.
Net income was $4.6B and the operating margin 27.4%, against 27.3% in 2017.
Free cash flow was $8.6B, and the company returned $1.3B in dividends and $5.4B in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Intuit's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2B | $6.0B | $6.8B | $7.7B | $9.6B | $12.7B | $14.4B | $16.3B | $18.8B | $21.4B |
| Cost of revenue | $120M | — | — | — | — | — | — | — | — | — |
| Gross profit | $5.1B | — | — | — | — | — | — | — | — | — |
| Research and development | $998M | $1.2B | $1.2B | $1.4B | $1.7B | $2.3B | $2.5B | $2.8B | $2.9B | $3.4B |
| Selling, general and admin | $2.0B | $2.3B | $2.5B | $2.7B | $3.6B | $5.0B | $5.1B | $5.7B | $6.6B | $7.2B |
| Operating income | $1.4B | $1.6B | $1.9B | $2.2B | $2.5B | $2.6B | $3.1B | $3.6B | $4.9B | $5.9B |
| Interest expense | $31M | $20M | $15M | $14M | $29M | $81M | $248M | $242M | $247M | $256M |
| Pre-tax income | $1.4B | $1.6B | $1.9B | $2.2B | $2.6B | $2.5B | $3.0B | $3.5B | $4.8B | $6.0B |
| Income tax | $405M | $237M | $324M | $372M | $494M | $476M | $605M | $587M | $965M | $1.5B |
| Net income | $985M | $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 | 261M | 261M | 264M | 264M | 273M | 284M | 283M | 284M | 283M | 277M |
| Gross margin | 97.7% | — | — | — | — | — | — | — | — | — |
| 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% |
Balance sheet
Fiscal years, from Intuit's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $777M | $1.7B | $2.7B | $7.0B | $3.9B | $3.3B | $2.8B | $3.6B | $2.9B | $4.7B |
| Receivables | $103M | $98M | $87M | $149M | $391M | $446M | $405M | $457M | $530M | $625M |
| Total current assets | $1.4B | $2.4B | $3.6B | $8.0B | $5.2B | $5.0B | $5.6B | $9.7B | $14.1B | $15.3B |
| Property, plant and equipment | $1.0B | $812M | $780M | $734M | $780M | $888M | $969M | $1.0B | $961M | $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 |
| Total current liabilities | $1.9B | $1.7B | $2.0B | $3.5B | $2.7B | $3.6B | $3.8B | $7.5B | $10.4B | $10.2B |
| Long-term debt | — | — | $386M | $2.0B | $2.0B | $6.4B | $6.1B | $5.5B | $6.0B | $6.4B |
| 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 |
| Net debt | -$479M | -$1.4B | -$1.7B | -$3.1B | -$528M | $4.1B | $3.3B | $2.4B | $3.1B | $3.0B |
Cash flow
Fiscal years, from Intuit's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $230M | $124M | $155M | $137M | $125M | $229M | $260M | $250M | $124M | $221M |
| Free cash flow | $1.4B | $2.0B | $2.2B | $2.3B | $3.1B | $3.7B | $4.8B | $4.6B | $6.1B | $8.6B |
| Stock-based compensation | $326M | $382M | $401M | $435M | $753M | $1.3B | $1.7B | $1.9B | $2.0B | $2.1B |
| Dividends paid | $353M | $407M | $501M | $561M | $646M | $774M | $889M | $1.0B | $1.2B | $1.3B |
| Share buybacks (net) | -$839M | -$272M | -$556M | -$323M | -$1.0B | -$1.9B | -$2.0B | -$2.0B | -$2.8B | -$5.4B |
| Net borrowing | -$512M | -$50M | -$2M | -$50M | -$338M | $0 | -$1.0B | -$4.2B | -$500M | $0 |
| Free cash flow margin | 26.3% | 33.0% | 32.0% | 29.7% | 32.4% | 28.8% | 33.3% | 28.5% | 32.3% | 40.2% |
| Dividends per share | $1.35 | $1.56 | $1.90 | $2.12 | $2.37 | $2.73 | $3.14 | $3.64 | $4.20 | $4.86 |
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Open INTU in InvestinglyQuestions
What was Intuit's revenue in 2026?
$21.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Intuit generate?
$8.6B in fiscal 2026 (operating cash flow minus capital spending).
From Intuit's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.