Intuit income statement
In fiscal 2026, Intuit reported revenue of $21.45bn, up 13.9% on the year before, operating income of $5.88bn (a 27.4% margin) and net income of $4.57bn, or $16.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jul 2010 | 2011Jul 2011 | 2012Jul 2012 | 2013Jul 2013 | 2014Jul 2014 | 2015Jul 2015 | 2016Jul 2016 | 2017Jul 2017 | 2018Jul 2018 | 2019Jul 2019 | 2020Jul 2020 | 2021Jul 2021 | 2022Jul 2022 | 2023Jul 2023 | 2024Jul 2024 | 2025Jul 2025 | 2026Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Research and development | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 0.9 | 1.0 | 1.2 | 1.2 | 1.4 | 1.7 | 2.3 | 2.5 | 2.8 | 2.9 | 3.4 |
| Selling and marketing | 0.9 | 1.0 | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 | 1.4 | 1.6 | 1.9 | 2.0 | 2.6 | 3.5 | 3.8 | 4.3 | 5.0 | 5.5 |
| General and administrative | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 1.0 | 1.5 | 1.3 | 1.4 | 1.6 | 1.6 |
| 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 |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.1 | 0.1 | 0.2 |
| Income before tax | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 0.7 | 1.2 | 1.4 | 1.6 | 1.9 | 2.2 | 2.6 | 2.5 | 3.0 | 3.6 | 4.8 | 6.0 |
| Income tax | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 1.0 | 1.5 |
| 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 |
| Diluted shares (average) | 325m | 317m | 305m | 303m | 291m | 286m | 265m | 261m | 261m | 264m | 264m | 273m | 284m | 283m | 284m | 283m | 277m |
| 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 |
| Quarter | 2025 Q1Oct 2024 | 2025 Q2Jan 2025 | 2025 Q3Apr 2025 | 2025 Q4Jul 2025 | 2026 Q1Oct 2025 | 2026 Q2Jan 2026 | 2026 Q3Apr 2026 | 2026 Q4Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,283 | 3,963 | 7,754 | 3,831 | 3,885 | 4,651 | 8,558 | 4,354 |
| Research and development | 704 | 716 | 707 | 801 | 843 | 836 | 840 | 857 |
| Selling and marketing | 962 | 1,204 | 1,618 | 1,251 | 1,082 | 1,395 | 1,793 | 1,264 |
| General and administrative | 394 | 389 | 394 | 424 | 422 | 401 | 409 | 391 |
| Operating income | 271 | 593 | 3,720 | 339 | 534 | 855 | 4,020 | 475 |
| Interest expense | 60 | 60 | 68 | 59 | 58 | 58 | 70 | 70 |
| Provision for credit losses | — | — | 36 | 33 | — | — | 84 | 48 |
| Income before tax | 213 | 571 | 3,684 | 366 | 561 | 869 | 4,047 | 540 |
| Income tax | 16 | 100 | 864 | −15 | 115 | 176 | 983 | 177 |
| Net income | 197 | 471 | 2,820 | 381 | 446 | 693 | 3,064 | 363 |
| Diluted EPS | $0.70 | $1.67 | $10.02 | $1.34 | $1.59 | $2.48 | $11.09 | $1.41 |
| EBITDA | 315 | 635 | 3,763 | 382 | 578 | 899 | 4,065 | 529 |
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