Intuit Inc.
INTUFinancial Snapshot
ticker: INTU step: 04 generated: 2026-05-12 source: quick-research
Intuit Inc. (INTU) — Financial Snapshot
(Intuit's fiscal year ends in late July; FY2025 = year ending ~July 2025.)
Income Statement Summary
| Metric | FY2023 | FY2024 | FY2025 | YoY (FY25) |
|---|---|---|---|---|
| Revenue | $14.4B | $16.3B | $18.8B | +16% |
| GAAP Operating Margin | ~24% | ~22% | 26.1% | +400 bps |
| GAAP Operating Income | $3.6B | $3.6B | $4.9B | +36% |
| Non-GAAP Operating Income | $5.7B | $6.4B | $7.6B | +18% |
| GAAP EPS | $7.81 | $10.45 | $13.67 | +31% |
| Non-GAAP Diluted EPS | $14.40 | $16.94 | $19.94 | +18% |
Segment Detail (FY2025)
| Segment | FY25 Revenue | YoY |
|---|---|---|
| Global Business Solutions Group | ~$11B+ | +18% |
| Online Ecosystem (within GBSG) | $2.2B | +21% |
| Consumer (TurboTax + Live) | ~$4.4B+ | +9% |
| Credit Karma | $2.3B | +32% |
| ProTax | ~$0.6B | mid-single-digit |
| Combined Platform Revenue | $14.9B | +19% |
Cash Flow & Capital Allocation (FY2025)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$6.5B |
| Free Cash Flow | ~$6.0B |
| Share Repurchases | $2.8B |
| New Buyback Authorization | $5.3B total ($3.2B added) |
| Q1 FY26 Dividend Hike | $1.04 → $1.20 (+15%) |
| Annual Dividend (FY26) | $4.80 |
| Dividend Yield | ~0.7% |
| Cash & Investments | ~$5B |
| Total Debt | ~$6B |
FY2026 Guidance
| Metric | 2026 Guide |
|---|---|
| Revenue | $20.997–21.186B (+12–13%) |
| GAAP Operating Income | $5.782–5.859B (+17–19%) |
| GAAP EPS | $15.49–15.69 (+13–15%) |
| Non-GAAP Diluted EPS | $22.98–23.18 (+14–15%) |
Key Ratios (approximate)
- P/E: ~30x (FY26 non-GAAP midpoint) | EV/EBITDA: ~25x | FCF Yield: ~3.2%
- Revenue Growth (FY25): +16% | FCF Margin: ~32%
- GAAP Operating Margin: 26.1% (expanding)
- Non-GAAP Operating Margin: ~40%
Growth Profile
FY25 delivered the largest operating-margin expansion in years (+400 bps GAAP to 26.1%) on AI-driven productivity + Live tier mix shift + Credit Karma reacceleration (+32%). The strategic narrative is the AI-native pivot: Intuit Assist + GenOS positioning Intuit as the agentic financial-services platform for SMB and consumer. FY26 guide of +12–13% revenue + +14–15% non-GAAP EPS confirms ongoing double-digit growth with operating leverage.
Credit Karma's +32% growth in FY25 was the standout — after several lackluster quarters in FY22–23 (driven by tightening credit cycles in lending), the +32% recovery signals the recommendation engine is now reaching efficient scale, with strong AI-driven personalization driving conversion rates higher.
Forward Estimates
FY2026 Guide:
- Revenue: $20.997–21.186B (+12–13%)
- Non-GAAP EPS: $22.98–23.18 (+14–15%)
Bull case: Intuit Assist drives faster Live tier conversion than expected; Credit Karma sustains 25%+ growth; Mailchimp integration deepens; QuickBooks Online subscriber count hits 10M+ by FY27; non-GAAP EPS reaches $27+ in FY27. Bear case: H&R Block AI Tax Assist (free across paid tiers) compresses TurboTax pricing power; Credit Karma growth decelerates as recommendation TAM matures; new AI-native SMB accounting upstarts erode QuickBooks share. Consensus targets ~$680–740 vs. trading ~$640–680 (~5–15% implied upside).
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $INTU.