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Company file · INTU

Intuit

Intuit's revenue and net income grew in fiscal 2026

Revenue rose 13.9% to $21.4B. Net income rose 18.0% to $4.6B.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Sep 9, 2026) · Latest quarter: 10-Q for the quarter ended Apr 30, 2026 (filed May 20, 2026) · Data pulled Oct 25, 2026

Key facts

Intuit (Nasdaq: INTU) closed fiscal 2026 on Jul 31, 2026 with total net revenue of $21.4B, up 13.9% from a year before; net income came to $4.6B, up 18.0%. Its newest quarterly report covers the three months to Apr 30, 2026: revenue of $8.6B, up 10.4% on the same stretch of the prior year, and net income of $3.1B. Broken down by segment, Global Business Solutions led with 60% of fiscal 2026 total net revenue. Sources: 10-K for fiscal 2026 (filed Sep 9, 2026) and 10-Q for the quarter ended Apr 30, 2026 (filed May 20, 2026).

Revenue$21.4BFY2026 · +13.9% vs FY2025
Net income$4.6BFY2026 · +18.0% vs FY2025
Operating cash flow$8.8BFY2026 · +42.4% vs FY2025
Cash & equivalents$4.7BFY2026 end · +63.1% vs FY2025
Total debt$7.7BFY2026 end · +28.4% vs FY2025
Diluted shares277MFY2026 avg · −2.1% vs FY2025
Total net revenue and net income, three fiscal yearsBy fiscal year, $bn
Total net revenueNet income
Total net revenue and net income by fiscal yearTotal net revenue FY2024: $16.3B16.3Net income FY2024: $3.0B3.0FY2024Total net revenue FY2025: $18.8B18.8Net income FY2025: $3.9B3.9FY2025Total net revenue FY2026: $21.4B21.4Net income FY2026: $4.6B4.6FY2026

Source: 10-K FY2026, filed Sep 9, 2026

Quarterly total net revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly total net revenue, fiscal 2026 vs 2025FY2025 Q1: $3.3B3.3FY2026 Q1: $3.9B3.9Q1FY2025 Q2: $4.0B4.0FY2026 Q2: $4.7B4.7Q2FY2025 Q3: $7.8B7.8FY2026 Q3: $8.6B8.6Q3

Source: 10-Q filed Nov 20, 2025 · 10-Q filed Feb 26, 2026 · 10-Q filed May 20, 2026

How it makes money

FY2026 total by categoryGlobal Business Solutions: $12.9B (60%)Consumer: $8.6B (40%)$21.4BFY2026 total

By segment, FY2026

  • LineAmountSharevs FY2025
  • Global Business Solutions$12.9B60%+16.1%
  • Consumer$8.6B40%+10.7%

Source: 10-K FY2026, XBRL breakdown

Global Business Solutions was 60% of FY2026 revenue and Consumer 40%. Operating cash flow was $8.8B.

By segment: three-year mixShare of the total each fiscal year
Global Business SolutionsConsumer

Source: 10-K FY2026

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 FY2026 (Feb to Apr 2026) compared with Q3 FY2025 (Feb to Apr 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 FY2026Q3 FY2025

This is the latest quarter with its own 10-Q. Fiscal 2026 has since ended, and companies report the fourth quarter only inside the annual 10-K (filed Sep 9, 2026), so the full-year figures above are newer than this comparison.

Company

Revenue
$8.6B Q3 FY2026
$7.8B Q3 FY2025
10.4% increase
Net income
$3.1B Q3 FY2026
$2.8B Q3 FY2025
8.7% increase

Source: Intuit 10-Q for the quarter ended Apr 30, 2026, filed May 20, 2026

By segment

Consumer
$5.3B Q3 FY2026
$4.9B Q3 FY2025
7.5% increase
Global Business Solutions
$3.3B Q3 FY2026
$2.8B Q3 FY2025
15.3% increase

Source: Intuit 10-Q for the quarter ended Apr 30, 2026, filed May 20, 2026

  • Operating cash flow, first 9 months of fiscal 2026: $7.5B vs $5.8B a year earlier.

The bull case and the bear case

The bull case

  • Revenue rose 13.9% in FY2026 to $21.4B, and net income rose 18.0% to $4.6B. 10-K, FY2026
  • Global Business Solutions revenue grew 16.1% in FY2026 and Consumer 10.7%. 10-K, FY2026
  • Operating cash flow rose 42.4% in FY2026 to $8.8B, and diluted shares fell 2.1%. 10-K, FY2026

The bear case

  • Total debt rose 28.4% in FY2026 to $7.7B. 10-K, FY2026
  • Consumer revenue depends heavily on one season each year, so results vary a lot by quarter. 10-K, FY2026
  • The 10-K lists competition including free tax filing, data security, regulation, AI and the economy's effect on small businesses among its risks. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Intuit makes financial software for consumers and small businesses, including TurboTax, QuickBooks, Credit Karma and Mailchimp.

Global Business Solutions sells QuickBooks accounting software, payroll, payments and Mailchimp marketing tools to small and mid-sized businesses. Consumer covers TurboTax tax preparation and Credit Karma.

Consumer revenue is concentrated in the US tax season, which falls in Intuit's third fiscal quarter. Its fiscal year ends July 31.

Source: 10-K, Item 1 Business

Main risks the company lists

Our plain-English paraphrase of the risk factors in Intuit's latest 10-K. Read the original for the full list.

  1. CompetitionIt competes with other software makers and with free government and private tax-filing options.
  2. SecurityIt holds sensitive tax and financial data for millions of people.
  3. RegulationTax, privacy and consumer-finance rules can change how it operates.
  4. Small businessesA weaker economy can hurt the small businesses that buy QuickBooks.
  5. TechnologyIt is investing in AI features that may not work as hoped.
  6. SeasonalityA bad tax season can hurt a whole year's results.

Source: 10-K, Item 1A Risk Factors (the full list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2024FY2025FY2026
Total net revenue$16.3B$18.8B$21.4B
Net income$3.0B$3.9B$4.6B
Operating cash flow$4.9B$6.2B$8.8B
Cash & equivalents (year end)$3.6B$2.9B$4.7B
Total debt (year end)$6.0B$6.0B$7.7B
Diluted shares284M283M277M
  • Total net revenue: Subscriptions and fees for TurboTax, QuickBooks, Credit Karma and Mailchimp, plus payroll and payments services.
  • Net income: Profit after all costs and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
  • Total debt: Current and long-term debt, at carrying value.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

About these numbers

  • Intuit's latest annual report (FY2026, to Jul 31, 2026) is newer than its latest 10-Q, which covers the quarter ended Apr 30, 2026. Intuit doesn't file a 10-Q for its fourth fiscal quarter, so “What changed last quarter” uses that quarter.

Recent filings

FormFiledPeriod
10-KSep 9, 2026Jul 31, 2026
10-QMay 20, 2026Apr 30, 2026

Latest filings

  1. Oct 235:11 PM ET

    Form 4

    Intuit director Richard L. Dalzell reports exercising or converting 52 shares

    The filing reports 52 shares in an exercise or conversion of a derivative security (code M).

  2. Oct 235:09 PM ET

    Form 4

    Intuit director Thomas J. Szkutak reports exercising or converting 43 shares

    The filing reports 43 shares in an exercise or conversion of a derivative security (code M).

  3. Oct 57:10 PM ET

    Form 4

    Intuit CEO Sasan K. Goodarzi reports exercising or converting about 2,544 shares

    The filing reports about 2,544 shares in an exercise or conversion of a derivative security (code M); and about 1,258 shares withheld to pay the exercise price or tax (code F).

  4. Oct 57:08 PM ET

    Form 4

    Intuit Chief Accounting Officer Lauren D. Hotz reports exercising or converting 1,396 shares

    The filing reports 1,396 shares in an exercise or conversion of a derivative security (code M); and about 735 shares withheld to pay the exercise price or tax (code F).

  5. Oct 57:07 PM ET

    Form 4

    Intuit EVP Caryl Lyn Hilliard reports exercising or converting 347 shares

    The filing reports 347 shares in an exercise or conversion of a derivative security (code M) and about 178 shares withheld to pay the exercise price or tax (code F).

All Intuit filings notes →

Common questions about Intuit

How does Intuit make money?

Fiscal 2026 total net revenue: $21.4B. Global Business Solutions was 60% of FY2026 revenue and Consumer 40%. Operating cash flow was $8.8B. Source: 10-K for fiscal 2026, filed Sep 9, 2026.

What was Intuit's revenue in fiscal 2026?

$21.4B, up 13.9% from fiscal 2025 ($18.8B). The year ended Jul 31, 2026; for fiscal 2024 the figure was $16.3B. Source: 10-K for fiscal 2026, filed Sep 9, 2026.

Is Intuit profitable?

Net income was $4.6B in fiscal 2026 (up 18.0%; fiscal 2025 was $3.9B). That counts as a GAAP profit. The latest quarter, ended Apr 30, 2026: net income was $3.1B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Sep 9, 2026.

What did Intuit report in its latest quarterly filing?

For the three months to Apr 30, 2026: revenue $8.6B (up 10.4% from $7.8B) and net income $3.1B (up 8.7% from $2.8B). Source: 10-Q for the quarter ended Apr 30, 2026, filed May 20, 2026.

How much cash and debt does Intuit have?

As of Jul 31, 2026: $4.7B of cash and cash equivalents, $7.7B of total debt. Total debt here is current and long-term debt, at carrying value. Source: 10-K filed Sep 9, 2026.

What are the main risks Intuit lists?

The risk factors are in Item 1A of the 10-K filed Sep 9, 2026. This page sorts them into 6 groups (Competition; security; regulation; small businesses; technology; seasonality). The first group in plain English: It competes with other software makers and with free government and private tax-filing options. Source: 10-K, Item 1A Risk Factors.

Where do these Intuit numbers come from?

The 10-K filed Sep 9, 2026 (fiscal 2026) and the 10-Q filed May 20, 2026 (quarter ended Apr 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in INTU
The editor holds no position in Intuit (INTU). As of Oct 25, 2026.
Trading rule
The editor does not buy or sell INTU from 3 days before to 3 days after this page is published or substantively updated.
Compensation
Nobody paid for this page. No affiliate links on this page.
Sources
The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated
Oct 25, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold INTU, and it doesn't consider your situation.

Compare with peers

CompanyFiscal yearRevenueRevenue growthNet income
IntuitINTUFY2026$21.4B+13.9%$4.6B
AdobeADBEFY2025$23.8B+10.5%$7.1B
SalesforceCRMFY2026$41.5B+9.6%$7.5B
ServiceNowNOWFY2025$13.3B+20.9%$1.7B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn lists the first explainer topics. Methodology & Disclosures covers where every number comes from.