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Intuit (INTU) stock

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NASDAQ: INTU Nasdaq Application Software Next results ~November 19, 2026

B Fundamentals grade

Intuit is a US-listed company in the application software industry. Its financial year ends in July.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$600

Cash-flow model

Base case. Range ~$450–$800 across our lower- and higher-growth cases (9.1%–19.1% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 72% above it.

Price used: $352.10, November 2, 2026

Intuit valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Intuit files

Where Intuit stands after its latest 10-K

Revenue for the twelve months to July 2026 was $21.4bn, up 13.9% on a year earlier, slower than 15.1% a quarter earlier. Free-cash-flow margin rose to 40.4% from 32.5% a year earlier. The diluted share count is down 2.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $615 a share, against a share price of $335. At that price, our model says the market is pricing in about 3.5% a year of cash-flow growth for five years, slower than the 17.4% a year revenue growth it has delivered.

Source: 10-K filed September 9, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 19, 2026 (estimated)

Intuit's trailing-twelve-month revenue grew 13.9% year on year, with a free-cash-flow margin of 40.4%. Where it stands out: free-cash-flow margin of 40.4% ranks 6 of 180 application software companies we cover.

Our discounted-cash-flow model values the business at ~$600 per share in the base case (~$450–$800 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 41.5% while net income grew 18.0%: a 23pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $352.10 is 72% below our value per share of $600.
  • High operating margin. 27.4% of revenue is left as operating profit, against a median of 1.1% for application software companies we cover.
  • Strong cash generation. 40.4% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Shrinking share count. Diluted shares fell 2.1% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 51% and a beta of 0.1 against the S&P 500.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 12.5% over 90 days.

Latest results: FY2026 Q4

Filed September 9, 2026
Earnings per share
$4.03 against an average estimate of $3.59: beat by 12.3%
Revenue
$4.35bn, up 13.7% on a year earlier
Share reaction
-6.5% in the first session after the results on August 25, 2026, against +0.3% for the S&P 500
Guidance given
diluted Earnings Per Share $20.12 to $20.36 (full year fiscal 2027); diluted Earnings Per Share $22.88 to $23.12 (full year fiscal 2027)
Next report
November 19, 2026; average EPS estimate $2.64

Intuit's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.2%
  • 1 week+3.6%
  • 1 month+25.9%
  • This year-46.1%
  • 1 year-46.5%
  • 5 years-41.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$21.4B
Operating margin
27.4%
Net margin
21.3%
EPS (TTM, diluted)
$16.48

Growth

Revenue growth
+13.9%
Change in growth rate
−1.2 pts
Share count change
−2.1%

Cash

Free cash flow (TTM)
$8.7B
FCF margin
40.4%
Stock pay % of revenue
9.6%

Earnings

Last results
August 25, 2026
Next results (est.)
November 19, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Product
  3. Product
  4. Deal
  5. Announcement
  6. Partnership
  7. Product
  8. Guidance
  9. Announcement
  10. Results
  11. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Intuit valuation models and calculator

What the price is pricing in

The share price implies about 3.1% a year of cash-flow growth for five years.That is slower than the 17.4% a year revenue growth Intuit has delivered.

  • Priced in3.1%
  • Last 12 months13.9%
  • 3 years a year14.3%
  • 5 years a year17.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($341.64, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$600
Price used
$341.64close November 3, 2026
Implied change
▲ +77%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Intuit's free cash flow after stock-based pay with after-tax interest added back ($5.3B, FY2026 Q4 TTM), growing 10.7% and 12.2% in the next two years (forecasts, guidance and its record), then back to 14.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$450–~$800 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Intuit's free cash flow after stock-based pay ( $5.3B, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Intuit as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$600 ~$450–$800 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$370 ~$310–$630 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$170 ~$130–$240 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$170 ~$150–$210 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$390 ~$170–$600 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Intuit with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▲ +24%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $276$379$516$695$929$1232
8.5% $209$283$382$510$677$892
10% $168$226$301$400$527$690

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$102.06$127.64$191.77$262.48$292.27$508.60$440.17$497.43$633.10$772.80$314.60
Market value$27.0bn$33.3bn$50.1bn$69.3bn$77.2bn$138.8bn$125.0bn$140.8bn$179.8bn$218.7bn$87.1bn
+ Net debt (− = net cash)−$126m−$91m−$1.1bn−$1.7bn−$3.1bn−$514m$4.1bn$3.3bn$2.5bn$3.1bn$3.0bn
Enterprise value$26.9bn$33.2bn$49.0bn$67.6bn$74.1bn$138.3bn$129.1bn$144.1bn$182.3bn$221.8bn$90.2bn
Multiples
Price / sales 5.8x6.4x8.3x10.2x10.0x14.4x9.8x9.8x11.0x11.6x4.1x
Price / earnings 27.6x33.8x37.7x44.5x42.3x67.3x60.5x59.0x60.7x56.5x19.1x
Price / free cash flow 25.9x22.3x24.1x30.8x32.8x43.4x33.5x29.1x38.3x35.7x10.1x
EV / EBITDA 18.7x20.4x27.4x32.9x31.3x51.9x46.8x43.6x48.1x43.5x14.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

69 /100

Moderate moat

How hard Intuit's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 15.2% of total assets over 10 years.

  • Pricing power 19 / 20

    Gross margin has been a median 77.3%, moving by 3.3 percentage points (standard deviation) across 10 years.

  • Durability 18 / 20

    Operating margin has been a median 26.0%; its worst year was 20.2%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 33.2% of revenue.

  • Discipline 7 / 20

    The diluted share count rose 1.5% over five years; stock-based pay has been a median 9.6% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (84 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 19, 2026, after the close. Analysts expect revenue of $4.3bn and EPS of $2.64 (range $2.42 to $4.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $23.81 −2% $23.4bn +9%
Next $26.94 +13% $25.5bn +9%

Next year's EPS estimate has moved −12.5% in 90 days, across 31 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −12.8% on 90 days ago. In the last 30 days, 2 analysts raised Intuit's forecast and 2 cut it.

Consensus EPS forecast Intuit, last 90 days
$22.00 $24.00 $26.00 $28.00 $30.00 $32.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $27.30 Current fiscal year, 60 days ago: $24.21 Current fiscal year, 30 days ago: $23.94 Current fiscal year, 7 days ago: $23.81 Current fiscal year, Now: $23.81 $23.81 Next fiscal year, 90 days ago: $30.79 Next fiscal year, 60 days ago: $27.42 Next fiscal year, 30 days ago: $27.08 Next fiscal year, 7 days ago: $26.94 Next fiscal year, Now: $26.94 $26.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $27.30$30.79
60 days ago $24.21$27.42
30 days ago $23.94$27.08
7 days ago $23.81$26.94
Now $23.81$26.94

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $3.59 $4.03 +12.3%
Apr 2026 $12.57 $12.80 +1.8%
Jan 2026 $3.68 $4.15 +12.7%
Oct 2025 $3.09 $3.34 +8.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 25, 2026
  • Total Revenue first quarter of fiscal 2027 $4,294m to $4,313m New
    “Total Revenue $4,294 to $4,313 11%” source
  • Diluted Earnings Per Share full year fiscal 2027 $20.12 to $20.36 GAAP New
    “Diluted Earnings Per Share $20.12 to $20.36 22% to 24% $22.88 to $23.12 (1) 23% to 24%” source
  • Diluted Earnings Per Share full year fiscal 2027 $22.88 to $23.12 Non-GAAP New
    “Diluted Earnings Per Share $20.12 to $20.36 22% to 24% $22.88 to $23.12 (1) 23% to 24%” source
  • Diluted Earnings Per Share first quarter of fiscal 2027 $1.71 to $1.75 GAAP New
    “Diluted Earnings Per Share $1.71 to $1.75 8% to 10% $2.44 to $2.48 (1) 30% to 33%” source
  • Diluted Earnings Per Share first quarter of fiscal 2027 $2.44 to $2.48 Non-GAAP New
    “Diluted Earnings Per Share $1.71 to $1.75 8% to 10% $2.44 to $2.48 (1) 30% to 33%” source
  • Operating Income first quarter of fiscal 2027 $716m to $729m GAAP New
    “Operating Income $716 to $729 34% to 37% $902 to $915 (1) 26% to 28%” source
Show 1 more item
  • Operating Income first quarter of fiscal 2027 $902m to $915m Non-GAAP New
    “Operating Income $716 to $729 34% to 37% $902 to $915 (1) 26% to 28%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Intuit's revenue by +10.7% next year and +12.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.3%, weight 57%) , management guidance (+10.8%, weight 18%) and the company's own record (+14.1%, weight 24%) . How the weights are set.

Analyst recommendations

34 analysts, Oct 2026
Buy2059%
Hold1235%
Sell26%

Monthly trend

  1. Oct 20265151234
  2. Sep 20265151234
  3. Aug 20265161235
  4. Jul 2026520835

Counts of recommendations published by analysts covering Intuit, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.5%
of tradable shares
Days to cover
2.09
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
2.4%
of shares
Employees
18,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −46.5%

$658.27 on October 31, 2025 to $352.10

ThenNowEffect
Revenue (last 12 months) $18.8bn $21.4bn +13.9%
Net margin 20.5% 21.3% +3.6%
P/E multiple 48.1x 21.4x −55.6%
Share count 283m 277m +2.2%

Biggest factor: p/e multiple.

Last 3 years −27.5%

$485.45 on November 3, 2023 to $352.10

ThenNowEffect
Revenue (last 12 months) $14.4bn $21.4bn +49.3%
Net margin 16.6% 21.3% +28.3%
P/E multiple 57.6x 21.4x −62.9%
Share count 283m 277m +2.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
INTU+70%−39%+62%+1%+6%−46%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
INTU67%25%58%33%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
INTU−13%−45%−13%−16%−22%−61%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 68% from July 30, 2025 to June 25, 2026. Getting back needed a 214% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$252.77 – $667.14
From 52-week high
−47.2%
vs 50-day average
+10.7%
vs 200-day average
−1.3%
Volatility (1 year)
51%
Beta vs S&P 500
0.15

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.4%
After a week
5 up, 7 down
typical move ±8.8%
After a month
7 up, 5 down
typical move ±10.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 25, 2026 −6.5% +0.3% −6.8% −25.1%
May 20, 2026 −23.2% +1.2% −21.7% −35.5%
February 26, 2026 +7.3% −1.0% +22.4% +9.2%
November 20, 2025 +1.9% −0.5% −2.5% +3.8%
August 21, 2025 −5.2% +1.1% −4.4% +0.4%
May 22, 2025 +9.1% −0.6% +14.2% +15.0%
February 25, 2025 +10.3% −0.4% +5.4% +8.4%
November 21, 2024 −1.6% +0.8% −1.4% −1.9%
August 22, 2024 −7.6% +0.3% −7.1% −4.3%
May 23, 2024 −9.4% −0.1% −14.0% −5.9%
February 22, 2024 +3.4% +2.1% +3.9% +0.9%
November 28, 2023 +2.9% 0.0% +1.9% +11.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Intuit’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.26× the last 60 days’ realised volatility .
  • Puts and calls are priced at about the same implied volatility.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Intuit in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Intuit
$14B $16B $18B $20B $22B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $14.7B Revenue (TTM), FY24 Q2: $15.1B Revenue (TTM), FY24 Q3: $15.8B Revenue (TTM), FY24 Q4: $16.3B Revenue (TTM), FY25 Q1: $16.6B Revenue (TTM), FY25 Q2: $17.2B Revenue (TTM), FY25 Q3: $18.2B Revenue (TTM), FY25 Q4: $18.8B Revenue (TTM), FY26 Q1: $19.4B Revenue (TTM), FY26 Q2: $20.1B Revenue (TTM), FY26 Q3: $20.9B Revenue (TTM), FY26 Q4: $21.4B $21.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $14.7B
FY24 Q2 $15.1B
FY24 Q3 $15.8B
FY24 Q4 $16.3B
FY25 Q1 $16.6B
FY25 Q2 $17.2B
FY25 Q3 $18.2B
FY25 Q4 $18.8B
FY26 Q1 $19.4B
FY26 Q2 $20.1B
FY26 Q3 $20.9B
FY26 Q4 $21.4B
Revenue growth, TTM YoY Intuit
10% 12% 14% 16% 18% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 10.8% Revenue growth, TTM YoY, FY24 Q2: 10.3% Revenue growth, TTM YoY, FY24 Q3: 12.4% Revenue growth, TTM YoY, FY24 Q4: 13.3% Revenue growth, TTM YoY, FY25 Q1: 12.5% Revenue growth, TTM YoY, FY25 Q2: 13.7% Revenue growth, TTM YoY, FY25 Q3: 15.0% Revenue growth, TTM YoY, FY25 Q4: 15.6% Revenue growth, TTM YoY, FY26 Q1: 17.1% Revenue growth, TTM YoY, FY26 Q2: 17.2% Revenue growth, TTM YoY, FY26 Q3: 15.1% Revenue growth, TTM YoY, FY26 Q4: 13.9% 13.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 10.8%
FY24 Q2 10.3%
FY24 Q3 12.4%
FY24 Q4 13.3%
FY25 Q1 12.5%
FY25 Q2 13.7%
FY25 Q3 15.0%
FY25 Q4 15.6%
FY26 Q1 17.1%
FY26 Q2 17.2%
FY26 Q3 15.1%
FY26 Q4 13.9%
Operating margin (TTM) Intuit
20% 22% 24% 26% 28% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 22.9% Operating margin (TTM), FY24 Q2: 23.0% Operating margin (TTM), FY24 Q3: 24.0% Operating margin (TTM), FY24 Q4: 22.3% Operating margin (TTM), FY25 Q1: 21.7% Operating margin (TTM), FY25 Q2: 22.2% Operating margin (TTM), FY25 Q3: 24.4% Operating margin (TTM), FY25 Q4: 26.1% Operating margin (TTM), FY26 Q1: 26.7% Operating margin (TTM), FY26 Q2: 27.1% Operating margin (TTM), FY26 Q3: 27.5% Operating margin (TTM), FY26 Q4: 27.4% 27.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 22.9%
FY24 Q2 23.0%
FY24 Q3 24.0%
FY24 Q4 22.3%
FY25 Q1 21.7%
FY25 Q2 22.2%
FY25 Q3 24.4%
FY25 Q4 26.1%
FY26 Q1 26.7%
FY26 Q2 27.1%
FY26 Q3 27.5%
FY26 Q4 27.4%
FCF margin (TTM) Intuit
25% 30% 35% 40% 45% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 29.9% FCF margin (TTM), FY24 Q2: 31.3% FCF margin (TTM), FY24 Q3: 32.3% FCF margin (TTM), FY24 Q4: 28.8% FCF margin (TTM), FY25 Q1: 31.4% FCF margin (TTM), FY25 Q2: 33.2% FCF margin (TTM), FY25 Q3: 33.9% FCF margin (TTM), FY25 Q4: 32.5% FCF margin (TTM), FY26 Q1: 32.9% FCF margin (TTM), FY26 Q2: 34.2% FCF margin (TTM), FY26 Q3: 37.1% FCF margin (TTM), FY26 Q4: 40.4% 40.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 29.9%
FY24 Q2 31.3%
FY24 Q3 32.3%
FY24 Q4 28.8%
FY25 Q1 31.4%
FY25 Q2 33.2%
FY25 Q3 33.9%
FY25 Q4 32.5%
FY26 Q1 32.9%
FY26 Q2 34.2%
FY26 Q3 37.1%
FY26 Q4 40.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Intuit took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $21.4B
  2. Other income $133M · 0.6%
  3. Research and development $3.4B · 15.7%
  4. Selling, general and admin $7.2B · 33.4%
  5. Other operating costs $5B · 23.5%
  6. Operating income $5.9B · 27.4%
  7. Income tax $1.5B · 6.8%
  8. Net income $4.6B · 21.3%

Shares of revenue. Source: Intuit's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jul 2012 2013 Jul 2013 2014 Jul 2014 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Jul 2018 2019 Jul 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jul 2024 2025 Jul 2025 2026 Jul 2026
Income
Revenue 3.4 3.4 3.8 3.9 4.2 4.2 4.7 5.2 6.0 6.8 7.7 9.6 12.7 14.4 16.3 18.8 21.4
EBITDA 1.1 1.2 1.3 1.4 1.4 0.9 1.4 1.6 1.8 2.1 2.4 2.7 2.8 3.3 3.8 5.1 6.1
Operating income 0.9 1.1 1.2 1.2 1.3 0.7 1.2 1.4 1.6 1.9 2.2 2.5 2.6 3.1 3.6 4.9 5.9
Net income 0.6 0.6 0.8 0.9 0.9 0.4 1.0 1.0 1.3 1.6 1.8 2.1 2.1 2.4 3.0 3.9 4.6
Diluted EPS $1.77 $2.00 $2.60 $2.83 $3.12 $1.28 $3.69 $3.78 $5.09 $5.89 $6.92 $7.56 $7.28 $8.42 $10.43 $13.67 $16.46
Growth (year on year)
Revenue +9.5% +1.4% +10.4% +3.6% +7.5% −1.2% +12.0% +10.7% +16.0% +12.6% +13.2% +25.4% +32.1% +12.9% +13.3% +15.6% +13.9%
EBITDA +26.4% +18.4% +7.5% +2.6% +5.1% −38.0% +60.6% +13.6% +9.6% +14.8% +15.2% +12.7% +3.5% +19.7% +14.8% +34.5% +19.2%
Operating income +32.4% +19.7% +7.9% +3.4% +7.6% −43.2% +68.3% +14.2% +10.0% +18.8% +17.4% +14.9% +2.8% +22.2% +15.6% +35.6% +19.5%
Net income +28.4% +10.5% +24.9% +8.3% +5.7% −59.8% +168.2% +0.6% +34.9% +17.2% +17.3% +12.9% +0.2% +15.4% +24.3% +30.6% +18.0%
Diluted EPS +31.1% +13.0% +30.0% +8.8% +10.2% −59.0% +188.3% +2.4% +34.7% +15.7% +17.5% +9.2% −3.7% +15.7% +23.9% +31.1% +20.4%
Margins
EBITDA margin 30.9% 36.1% 35.2% 34.8% 34.0% 21.4% 30.6% 31.4% 29.7% 30.3% 30.8% 27.7% 21.7% 23.0% 23.3% 27.1% 28.3%
Operating margin 26.6% 31.4% 30.7% 30.6% 30.6% 17.6% 26.5% 27.3% 25.9% 27.3% 28.3% 26.0% 20.2% 21.9% 22.3% 26.1% 27.4%
Net margin 16.9% 18.4% 20.8% 21.7% 21.4% 8.7% 20.9% 19.0% 22.1% 23.0% 23.8% 21.4% 16.2% 16.6% 18.2% 20.5% 21.3%
Free-cash-flow margin 27.2% 26.1% 29.2% 31.3% 31.6% 34.5% 22.2% 28.8% 34.4% 33.1% 30.7% 33.2% 29.3% 33.7% 28.8% 32.5% 40.4%
Cash flow
Cash from operations 1.0 1.0 1.2 1.4 1.4 1.6 1.5 1.6 2.1 2.3 2.4 3.3 3.9 5.0 4.9 6.2 8.8
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.4 0.1 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.2
Free cash flow 0.9 0.9 1.1 1.2 1.3 1.4 1.0 1.5 2.1 2.2 2.4 3.2 3.7 4.8 4.7 6.1 8.7
Stock-based pay 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.4 0.8 1.3 1.7 1.9 2.0 2.1
Free cash flow after stock pay 0.8 0.7 0.9 1.0 1.1 1.2 0.8 1.2 1.7 1.8 1.9 2.4 2.4 3.1 2.8 4.2 6.6
Balance sheet
Cash 0.2 0.7 0.4 1.0 0.8 0.8 0.6 0.5 1.5 2.1 6.4 2.6 2.8 2.8 3.6 2.9 4.7
Total debt 1.0 1.0 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 3.4 2.0 6.9 6.1 6.1 6.0 7.7
Net debt (negative = net cash) 0.8 0.3 0.1 −0.5 −0.4 −0.3 −0.1 −0.1 −1.1 −1.7 −3.1 −0.5 4.1 3.3 2.5 3.1 3.0
Diluted shares 325m 317m 305m 303m 291m 286m 265m 261m 261m 264m 264m 273m 284m 283m 284m 283m 277m
Returned to shareholders
Dividends 0.0 0.0 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.6 0.6 0.8 0.9 1.0 1.2 1.3
Buybacks 0.9 1.4 0.9 0.3 1.6 1.2 2.3 0.8 0.3 0.6 0.3 1.0 1.9 2.0 2.0 2.8 5.4
Total returned 0.9 1.4 1.1 0.5 1.8 1.5 2.6 1.2 0.7 1.1 0.9 1.7 2.6 2.9 3.0 4.0 6.8

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · July 31, 2026
What it owns · $36.8bn
Short-term assets $15.3bnLonger-term assets $21.5bn
What it owes, and who funded it · $36.8bn
Short-term liabilities $10.2bnLonger-term liabilities $7.6bnShareholders' equity $19.0bn
  • Short-term assets cover short-term liabilities $15.3bn of assets due within a year against $10.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $15.3bn short-term assets against $7.6bn of longer-dated liabilities.
  • More cash than debt $4.7bn of cash against $7.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 40% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 43% to 40% over five years.
  • A year's operating cash flow covers at least 20% of debt $8.8bn of operating cash flow against $7.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $5.9bn against $256m of interest.

From Intuit's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$5.4B
Dividends (TTM)
$1.3B
Returned to shareholders
78%
of free cash flow
Buybacks, last 3 fiscal years
$10.2B
Diluted share count
−2.1%
year over year
Total shareholder yield
7.2%
dividends 1.4% + buybacks 5.7% of market value
Dividend payout ratio
30%
of net income paid out
R&D spending
15.7%
of revenue
Days sales outstanding
11 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated INTU ADBE SAP CRM WDAY SNPS Median
Revenue, last 12 months $21.4bn $26.0bn $41.6bn $43.9bn $10.2bn $9.4bn $482m
Revenue growth, last 12 months 13.9% 12.0% 12.5% 11.2% 13.3% 46.3% 12.0%
Revenue growth, 3-year average 14.3% 11.2% — 9.9% 14.8% 21.4% 11.1%
Revenue growth, latest quarter 13.7% 12.9% — 10.8% 12.8% 42.4% 11.9%
Gross margin 82.1% 89.3% 72.9% 77.3% 61.1% 72.4% 69.2%
Operating margin 27.4% 35.7% 26.1% 19.9% 10.7% 8.5% 1.1%
Operating margin, 3-year average 25.3% 34.4% 23.4% 19.4% 7.0% 16.8% −0.8%
Net margin 21.3% 28.0% 19.5% 22.0% 12.3% 11.4% 2.1%
Cash from operations / revenue 41.2% 41.6% 24.9% 35.8% 30.3% 31.2% 18.2%
Free-cash-flow margin 40.4% 40.8% — 34.5% 28.0% 29.2% 15.0%
Free-cash-flow margin, 3-year average 33.9% 37.8% — 32.5% 27.3% 22.0% 16.2%
Stock pay / revenue 9.6% 8.0% 4.6% 8.3% 16.2% 10.1% 9.3%
Change in share count −2.1% −6.2% −0.4% −7.4% −4.3% 21.2% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 13.9% 12.0% 83 of 184
Change in growth rate Growth -1.2pp +0.2pp 127 of 184
Operating margin Profitability 27.4% 1.1% 15 of 181
Net margin Profitability 21.3% 2.1% 24 of 185
Free-cash-flow margin Cash generation 40.4% 15.2% 6 of 180
Stock pay as % of revenue Cash generation 9.6% 9.3% 94 of 177
Long-term debt as % of assets Balance sheet 17.5% 16.9% 53 of 98
Change in share count Balance sheet -2.1% 1.7% 41 of 163
Days sales outstanding Balance sheet 11 days 57 days 10 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 31, 2026
Segments
Line of business Revenue Share YoY
Global Business Solutions $12.9B 60.0% ▲ 16.1%
Consumer $8.6B 40.0% ▲ 10.7%
Products and services
Line of business Revenue Share YoY
Services $18.9B 88.2% ▲ 15.3%
Product and Other $2.5B 11.8% ▲ 4.4%

From Intuit's 10-K filed September 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$63.5B
Institutions reporting
1,738
Shares held vs prior quarter
▲ 0.6%
Positions opened / closed
163 / 424

Top buyers and sellers, Q2 2026: 771 institutions bought and 1,220 sold ; the biggest buyer was Fil Ltd (+3.2M shares) and the biggest seller Jpmorgan Chase & Co (−8.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6.9B 26.3M 10.8% ▲ 3.0%
Vanguard Capital Management LLC $4.7B 18.0M 7.4% ▼ 0.7%
State Street Corp $3.5B 13.3M 5.5% ▲ 2.5%
Invesco Ltd. $2.5B 9.5M 3.9% ▼ 7.9%
Vanguard Portfolio Management LLC $2.2B 8.6M 3.5% ▲ 3.5%
Geode Capital Management, LLC $1.8B 6.9M 2.8% ▲ 2.1%
Norges Bank $1.4B 5.4M 2.2% —
Fil Ltd $1.3B 5.1M 2.1% ▲ 174.1%
Morgan Stanley $1.3B 4.9M 2.0% ▼ 13.2%
Jpmorgan Chase & Co $1.3B 4.8M 2.0% ▼ 63.3%
Arrowstreet Capital, Limited Partnership $1.2B 4.5M 1.8% ▲ 14.7%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $870M 3.3M 1.4% ▲ 6.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Intuit's complete shareholder register. Values are as reported by the filers ; 9 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $541,665 2 trades by 1 insider, last 12 months Insider sales History → $358M 118 trades by 5 insiders · 100% under pre-set plans
Net ▼ $357M net selling
Insider Date Trade Shares Price Value
Dalzell Richard L Director September 8, 2026 Sell pre-set plan 285 $325.36 $92,728
Hotz Lauren D SVP, Chief Accounting Officer August 27, 2026 Sell 62 $346.15 $21,601
Hotz Lauren D SVP, Chief Accounting Officer August 27, 2026 Sell 845 $346.56 $292,687
Dalzell Richard L Director June 23, 2026 Sell pre-set plan 284 $262.32 $74,499
Dalzell Richard L Director June 16, 2026 Sell pre-set plan 284 $282.20 $80,145
Dalzell Richard L Director June 11, 2026 Sell pre-set plan 338 $279.86 $94,593
Dalzell Richard L Director June 10, 2026 Sell pre-set plan 333 $287.50 $95,738
Dalzell Richard L Director June 9, 2026 Sell pre-set plan 333 $297.65 $99,117
Prabhu Vasant M Director May 26, 2026 Buy 500 $309.71 $154,858
Prabhu Vasant M Director May 22, 2026 Buy 1,250 $309.45 $386,808
Dalzell Richard L Director March 12, 2026 Sell pre-set plan 333 $440.40 $146,653
Dalzell Richard L Director March 11, 2026 Sell pre-set plan 333 $458.10 $152,547

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 102 trades and filings

In the last 12 months, 6 members of Congress disclosed 1 purchase and 12 sales of Intuit shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded September 18, 2026, filed October 12, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded August 18, 2026, filed September 10, 2026
  • Dan Newhouse(R-WA 4):Sale (full), $1,001 - $15,000, traded July 10, 2026, filed July 17, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 19, 2026 estimated from the company's past filing pattern, not announced

  • August 25, 2026
  • May 20, 2026
  • February 26, 2026
  • November 20, 2025
  • August 21, 2025
  • May 22, 2025

Recent SEC filings

Data status

When each part of this page on Intuit was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Intuit in brief

What does Intuit do?
Intuit is a US-listed company in the application software industry. Its financial year ends in July.
What is Intuit's stock ticker?
Intuit trades under the ticker INTU on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Intuit's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Intuit reported revenue of $21.4B, 13.9% higher than a year earlier, according to its SEC filings.
What is Intuit's free cash flow?
Intuit's free-cash-flow margin is 40.4% of revenue over the trailing twelve months, ranking 6 of the 180 application software companies we cover.
What is Intuit's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Intuit's free cash flow after stock-based pay gives ~$600 per share in the base case, and ~$450–$800 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Intuit's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Intuit buying back stock, and does it pay a dividend?
Intuit spent $5.4B on share repurchases over the trailing twelve months, and its diluted share count fell 2.1% over the year.
What is Intuit's market cap?
On July 31, 2026, Intuit's market capitalisation was about $87.1B, with a price-to-earnings ratio of 19.1 and net debt of $3B. Market figures come from third-party market data and may be delayed.
Does Intuit pay a dividend?
Yes: Intuit paid $1.3B in dividends over the trailing twelve months, a dividend yield of 1.43% and a payout ratio of 29.5%.
How much debt does Intuit have?
Intuit's debt-to-equity ratio is 40.4%, from its latest balance sheet (43.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Intuit's competitors?
In our Application Software peer group, the companies closest to Intuit are Adobe Inc., SAP SE, Salesforce, Workday, Inc. and Synopsys Inc. The side-by-side comparison below sets their revenue, margins and growth against Intuit's.
Are insiders buying or selling Intuit stock?
Over the last 12 months, Intuit's directors and officers reported 2 open-market purchases and 118 sales on Form 4. The insider trading page charts every trade.
When is Intuit's next earnings date?
Around November 19, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Intuit announces its own schedule.