Saturday 31 October 2026
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Intuit Inc.
INTU Technology Software Application
Intuit Inc.’s revenue for fiscal 2026 (year ended July 2026) was $21.4 billion, up 13.9% from fiscal 2025. In the quarter to July 2026, revenue grew 13.7%, EPS fell 1.47%, free cash flow grew 253.4% and total debt rose 7.48%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten; insiders bought in the last twelve months.
341.44
10.25
+3.09%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to July
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Price, $ | |||||||||||||||||
| Price, $ | Low | 111.90 | 150.43 | 188.21 | 187.68 | 357.69 | 339.36 | 370.62 | 557.29 | 532.65 | 252.84 | +9.5% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| High | 161.44 | 231.84 | 295.78 | 387.94 | 716.86 | 645.61 | 631.07 | 714.78 | 813.70 | 661.99 | +17.0% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| People | |||||||||||||||||
| People | Employees | 8,200 | 8,900 | 9,400 | 10,600 | 13,500 | 17,300 | 18,200 | 18,800 | 18,200 | 18,600 | +9.5% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| Revenue/emp, $m | 0.63 | 0.68 | 0.72 | 0.72 | 0.71 | 0.74 | 0.79 | 0.87 | 1.03 | 1.15 | +6.9% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 5,196 | 6,025 | 6,784 | 7,679 | 9,633 | 12,726 | 14,368 | 16,285 | 18,831 | 21,448 | +17.1% | 23,411 | 25,535 | 27,749 | +9.0% | |
| Gross margin, % | 84.41 | 83.77 | 82.80 | 82.05 | 82.53 | 81.09 | 78.13 | 78.72 | 79.57 | 80.17 | (4.2) pt | ||||||
| EBT | 1,390 | 1,566 | 1,881 | 2,198 | 2,556 | 2,542 | 2,989 | 3,550 | 4,834 | 6,017 | +17.7% | ||||||
| EBT margin, % | 26.75 | 25.99 | 27.73 | 28.62 | 26.53 | 19.97 | 20.80 | 21.80 | 25.67 | 28.05 | +1.3 pt | ||||||
| Net income | 985 | 1,329 | 1,557 | 1,826 | 2,062 | 2,066 | 2,384 | 2,963 | 3,869 | 4,566 | +18.6% | ||||||
| Depreciation | 236 | 253 | 225 | 218 | 363 | 746 | 806 | 789 | 809 | 846 | +15.2% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 20.22 | 23.54 | 26.09 | 29.42 | 35.68 | 45.45 | 51.13 | 58.16 | 67.25 | 77.71 | +16.1% | |||||
| Earnings | 3.78 | 4.72 | 5.99 | 6.99 | 7.65 | 7.38 | 8.49 | 10.58 | 13.82 | 16.53 | +17.8% | ||||||
| Cash flow | 6.22 | 8.25 | 8.94 | 9.25 | 12.04 | 13.89 | 17.96 | 17.44 | 22.17 | 32.02 | +20.0% | ||||||
| Capex | (0.89) | (0.48) | (0.60) | (0.52) | (0.46) | (0.82) | (0.93) | (0.89) | (0.44) | (0.80) | (1.2%) | ||||||
| Free cash flow | 5.33 | 7.77 | 8.34 | 8.72 | 11.57 | 13.07 | 17.03 | 16.55 | 21.73 | 31.22 | +21.7% | ||||||
| Book value | 5.27 | 11.00 | 14.42 | 19.56 | 36.55 | 58.72 | 61.46 | 65.84 | 70.39 | 68.81 | +33.0% | ||||||
| Shares, m | 257 | 256 | 260 | 261 | 270 | 280 | 281 | 280 | 280 | 276 | +0.8% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 35.89 | 38.85 | 46.30 | 43.83 | 69.68 | 61.10 | 60.20 | 61.19 | 56.77 | 19.12 | 49.3 | |||||
| P/S | 6.79 | 8.68 | 10.63 | 10.41 | 14.79 | 9.87 | 10.01 | 11.13 | 11.67 | 4.07 | 9.8 | ||||||
| P/B | 26.04 | 18.57 | 19.23 | 15.66 | 14.43 | 7.64 | 8.33 | 9.83 | 11.15 | 4.59 | 13.5 | ||||||
| EV/Sales | 6.79 | 8.52 | 10.33 | 9.81 | 14.63 | 10.14 | 10.20 | 11.24 | 11.77 | 4.05 | 9.7 | ||||||
| EV/FCF | 25.77 | 25.81 | 32.32 | 33.07 | 45.10 | 35.26 | 30.63 | 39.51 | 36.43 | 10.07 | 31.4 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 1,599 | 2,112 | 2,324 | 2,414 | 3,250 | 3,889 | 5,046 | 4,884 | 6,207 | 8,838 | +20.9% | |||||
| Capex | (230) | (124) | (155) | (137) | (125) | (229) | (260) | (250) | (124) | (221) | (0.4%) | ||||||
| Free cash flow | 1,369 | 1,988 | 2,169 | 2,277 | 3,125 | 3,660 | 4,786 | 4,634 | 6,083 | 8,617 | +22.7% | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | (529) | 679 | 1,628 | 4,451 | 2,502 | 1,417 | 1,767 | 2,187 | 3,737 | 5,148 | n/m | |||||
| Total debt | 438 | 388 | 386 | 2,031 | 2,034 | 6,415 | 6,120 | 5,539 | 5,973 | 6,420 | +34.8% | ||||||
| Net debt | (339) | (1,328) | (2,354) | (5,019) | (1,836) | 3,134 | 2,458 | 1,465 | 1,421 | (780) | +9.7% | ||||||
| Shareholders’ equity | 1,354 | 2,816 | 3,749 | 5,106 | 9,869 | 16,441 | 17,269 | 18,436 | 19,710 | 18,992 | +34.1% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 23.68 | 28.89 | 27.28 | 21.22 | 15.59 | 9.55 | 8.59 | 9.89 | 11.20 | 12.38 | (11.3) pt | |||||
| ROIC | 87.32 | 65.52 | 83.06 | 1,563.22 | 19.45 | 8.21 | 9.95 | 11.40 | 14.56 | 20.19 | (67.1) pt | ||||||
| ROE | 78.33 | 63.74 | 47.43 | 41.24 | 27.54 | 15.71 | 14.14 | 16.60 | 20.29 | 23.60 | (54.7) pt | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jul 2026 · latest quarter Jul 2026
Where the money comes from and where it goes Fiscal 2026
| Global Business Solutions | 12,864 | 59.98% |
|---|---|---|
| Consumer | 8,584 | 40.02% |
| Gross margin | 80.17% | |
| Operating margin | 27.43% | |
| Pre-tax margin | 28.05% |
Intuit Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| UBER Uber Technologies, Inc. | $134.3B | 14.1× | 21.0× | +12.17% (above 0%: growing) | +81.54% (above 0%: growing) | +12.81% (above 0%: growing) | 44.93% | 13.32% | Compare |
| SNOW Snowflake Inc. | $116.5B | — (loss-making) | — (loss-making) | +35.09% (above 0%: growing) | n/m | +47.23% (above 0%: growing) | 67.02% | (17.00%) | Compare |
| NOW ServiceNow, Inc. | $113.8B | 65.1× | 101× | +24.01% (above 0%: growing) | −22.04% (below 0%: shrinking) | −10.08% (below 0%: shrinking) | 70.68% | 4.06% | Compare |
| ADP Automatic Data Processing, Inc. | $113.4B | 26.8× | 24.9× | +6.77% (above 0%: growing) | +9.37% (above 0%: growing) | −5.49% (below 0%: shrinking) | 45.88% | 23.00% | Compare |
| ADBE Adobe Inc. | $96.6B | 14.0× | 14.5× | +12.89% (above 0%: growing) | +10.77% (above 0%: growing) | +14.68% (above 0%: growing) | 88.71% | 34.82% | Compare |
| DDOG Datadog, Inc. | $95.5B | 461× | 486× | +35.64% (above 0%: growing) | +1,610.53% (above 0%: growing) | +68.55% (above 0%: growing) | 78.59% | 0.49% | Compare |
| CDNS Cadence Design Systems, Inc. | $94.0B | 64.9× | 65.8× | +24.23% (above 0%: growing) | +127.12% (above 0%: growing) | +72.50% (above 0%: growing) | 84.90% | 28.42% | Compare |
| INTU Intuit Inc. | $88.5B | 20.7× | 16.9× | +13.65% (above 0%: growing) | −1.47% (below 0%: shrinking) | +253.37% (above 0%: growing) | 78.11% | 10.91% | |
| MSTR Strategy Inc | $59.8B | — (loss-making) | — (loss-making) | +6.88% (above 0%: growing) | n/m | +6.40% (above 0%: growing) | 66.64% | (6,808.11%) | Compare |
| Median of peers | $105.0B | 45.8× | 45.3× | +18.45% | +46.16% | +13.75% | 68.85% | 8.69% |
Business profile
From the latest earnings call
- Sasan Goodarzi said Intuit will prioritize acquiring new-to-the-franchise customers while continuing to scale its assisted tax, money and mid-market initiatives.
- Sandeep Aujla said fiscal 2027 investment in customer acquisition and product innovation will be partly offset by workforce-related savings and efficiency gains.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
88.12%
Held by the ten largest
40.59%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 29.42m | 10.76% | +194.08k |
| BlackRock | 26.25m | 9.60% | +776.74k |
| State Street | 13.29m | 4.86% | +327.34k |
| Invesco | 9.53m | 3.48% | −812.47k |
| Geode Capital Management | 6.93m | 2.54% | +141.78k |
| UBS | 5.40m | 1.97% | +203.10k |
| Norges Bank | 5.38m | 1.97% | +5.38m |
| Fidelity International (FIL) | 5.08m | 1.86% | +3.23m |
| Morgan Stanley | 4.94m | 1.80% | −753.17k |
| JPMorgan Chase | 4.81m | 1.76% | −8.29m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 26 November 2025
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 36.85m | 61.86m | 264.44 |
| 2024 | 36.57m | 61.33m | 216.61 |
| 2023 | 27.31m | 34.87m | 170.19 |
| 2022 | 27.17m | 18.44m | 150.61 |
| 2021 | 24.93m | 82.94m | 174.01 |
Ownership
Directors and executive officers, together
2.49%
The Vanguard Group
10.28%
BlackRock, Inc.
8.39%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Intuit Inc. (INTU) Latest News
29 Oct
28 Oct
27 Oct
26 Oct
23 Oct
22 Oct
20 Oct
19 Oct
16 Oct
INTU metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Intuit is a financial technology platform founded in 1983 and headquartered in Mountain View. Sasan K. Goodarzi is Chairman and Chief Executive Officer. It serves consumers, small and mid-market businesses, and accounting professionals with software, financial services, and access to AI-enabled human experts.
Its Global Business Solutions segment centres on QuickBooks, Intuit Enterprise Suite, Intuit Accountant Suite, and Mailchimp. Businesses use these offerings for accounting, invoicing, payments, bill pay, checking, financing, payroll, time tracking, workforce administration, marketing, and customer-relationship tools. Intuit Enterprise Suite is for more complex mid-market businesses, while Intuit Accountant Suite is for accounting firms managing their practices and clients.