Intuit
Intuit is a global financial technology platform with a mission to power prosperity around the world.
10-K, Sep 9, 2026
Source and method
In the company’s words: first descriptive sentence of 10-K Item 1, verbatim (extractive). Item 1 · Business · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Business
How does Intuit make money?
Service is 72.5% of revenue.
Source and method
Revenue by revenue types, FY2016.
annual report FY2016 · 0000896878-16-000286 · shares derived = part / total revenue
Calculated: share = part revenue ÷ total revenue ($4.7B).
- Service: $3.4B · 72.5%
- Product: $1.3B · 27.5%
What is left of every $100?
Of every $100 in revenue, $21 is net income.
Source and method
Of every $100 of revenue, FY2026.
Calculated: amount ÷ revenue × 100.
- Revenue: $21.4B
- Gross profit: not reported (not reported for this fiscal year, nothing estimated)
- Operating income: $5.9B
- Net income: $4.6B
- Free cash flow: $8.7B
Where do customers sit?
No revenue-by-region breakdown in the latest annual report's XBRL data.
In the company’s words ›
“Serving approximately 93 million consumers, small and mid-market businesses, and accountants worldwide, Intuit’s platform brings the power of artificial intelligence (AI) and human intelligence together to fuel customers’ success.”
“With TurboTax, Credit Karma, QuickBooks, Mailchimp, Intuit Enterprise Suite, and Intuit Accountant Suite, we help put more money in customers’ pockets, save them time by eliminating work, and help ensure that they have complete confidence in every financial decision they make.”
“Our strategy is to be an AI-driven expert platform that brings together data, AI, and human tax and financial experts into a single system of intelligence that does the work for customers.”
Item 1 · Business · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Thesis
Why do people invest?
2 reasons in the company’s own words.
Revenue +14%
“Total net revenue increased $2.6 billion, or 14%, in fiscal 2026 compared with fiscal 2025.”
Item 7 · MD&A · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Number check (revenue): stated $2.6B matches the stored change ($2.6B, ±10%)
Revenue: $21.4B FY2026 · +13.9% vs FY2025 · KPIs
Position (in the company’s words)
“We have a significant competitive advantage with our scale of proprietary data, domain-specific AI platform capabilities, and large network of AI-enabled human experts that is setting the standard for trusted financial intelligence.”
Item 1 · Business · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Source and method
Verbatim · selection. Sentences selected by rules from the 10-K and checked word for word against it; no AI summary. Not investment advice, not a recommendation, no forecast.
2 of 2 points met the selection rules (score, subject = the metric, quoted number within ±10% of the stored value).
KPIs
How fast is revenue growing?
Revenue grew 14% to $21.4B.
Revenue grew 14% YoY to $4.4B.
Source & method
- Counted
- Total revenue, as filed in 10-K / 20-F / 10-Q XBRL.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Did the growth reach the shareholder?
Per share, revenue grew 52.5%.
Source & method
- Counted
- Revenue and weighted-average diluted shares, as filed, first and last fiscal year of the range.
- Formulas
- Revenue per diluted share = revenue / diluted shares; growth = (to / from) − 1. All three changes are calculated.
- Guards
- IPO: if the start year ended more than 365 days before the first SEC filing and diluted shares then rose ≥25%, the range is hidden by default (Options → Include IPO-distorted periods). Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How profitable is it?
27.4% operating margin, up from 26.1%.
Operating income grew 20% to $5.9B.
Net income grew 18% to $4.6B.
R&D grew 15% to $3.4B.
SG&A grew 7.9% to $7.2B.
EPS diluted grew 20% to $16.46.
10.9% operating margin, up from 8.8%.
Operating income grew 40% YoY to $475M.
Net income fell 4.7% YoY to $363M.
R&D grew 7.0% YoY to $857M.
SG&A fell 1.2% YoY to $1.7B.
EPS diluted grew 11% YoY to $11.09.
Source & method
- Counted
- Income statement items, as filed.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How much cash does it make, and where does it go?
Keeps $40 of every $100 as free cash.
Operating cash flow grew 42% to $8.8B.
Capex grew 108% to $175M.
Buybacks grew 95% to $5.4B.
Dividends grew 13% to $1.3B.
Stock-based compensation grew 4.5% to $2.1B.
Free cash flow grew 229% YoY to $1.3B.
Operating cash flow grew 249% YoY to $1.3B.
Capex: $27.0M in FY2026 Q4.
Buybacks grew 178% YoY to $2.1B.
Dividends grew 10% YoY to $332M.
Stock-based compensation grew 3.5% YoY to $507M.
Source & method
- Counted
- Cash flow statement items, as filed; free cash flow = operating cash flow − capex (calculated).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How strong is the balance sheet?
$4.7B cash vs $7.7B debt.
Total debt grew 28% to $7.7B.
Interest expense grew 3.6% to $256M.
Total assets fell 0.5% to $36.8B.
Equity fell 3.6% to $19.0B.
Cash grew 63% YoY to $4.7B.
Total debt grew 28% YoY to $7.7B.
Interest expense grew 19% YoY to $70.0M.
Total assets fell 0.5% YoY to $36.8B.
Equity fell 3.6% YoY to $19.0B.
Source & method
- Counted
- Balance sheet items at fiscal year end, as filed; total debt is derived from reported components (excl. operating leases).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Dependencies
Who does Intuit depend on?
No customer above the disclosure threshold.
Customers, suppliers, stakes and mentions ›
Only what filings state. Anonymous customers stay anonymous.
Largest customers (Intuit annual report)
No customer with a reported share of revenue (the 10-K names none above the disclosure threshold).
Suppliers named by Intuit
Intuit holds stakes in
No stake in a covered company found in SEC filings.
Others name Intuit
No mentions in covered companies’ filings.
Risks
What could go wrong?
4 of 35 risk factors, one per theme.
Competition
“We face intense competitive pressures that may harm our operating results.”
Item 1A · Risk Factors · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
AI and new products
“Uncertainty in the development, deployment, and use of artificial intelligence in our platform and products and by our customers may result in harm to our business and reputation.”
Item 1A · Risk Factors · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Security, defects and outages
“Security incidents, improper access to or disclosure of our data or customers’ data, or other cyberattacks on our systems could harm our reputation, business, and financial condition.”
Item 1A · Risk Factors · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Acquisitions
“Our acquisition and divestiture activities may disrupt our ongoing business, may involve increased expenses and may present risks not contemplated at the time of the transactions.”
Item 1A · Risk Factors · 10-K · 0000896878-26-000037 · filed Sep 9, 2026
Source and method
Short verbatim quotes from the risk factors in Item 1A, one per theme (a partial selection). Full list: 10-K.
Who’s invested
Who owns more than 5%?
Vanguard Capital Management LLC holds 7.53%.
Vanguard Capital Management LLC7.53%
13G · as of Mar 31, 2026 · filed Apr 30, 2026
BlackRock Inc.8.4% (then)
13G/A · filed Jan 25, 2024 · older than 18 months, current position unknown
Source and method
Holders above 5% from Schedule 13G/13D, SEC filings only. “(then)”: reported in a filing older than 18 months; the current position is not known from SEC 13G/13D data.
4 filings reporting a stake below 5% (e.g. after selling) not listed.
13F holders and insider trades ›
Largest institutional holders, 13F, quarter ending Jun 30, 2026
BlackRock, Inc.10.8%
26.3M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Vanguard Capital Management LLC7.4%
18.0M shares · 13F filed Aug 13, 2026 · share of 13F-reported
State Street Corp5.5%
13.3M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Invesco Ltd.3.9%
9.5M shares · 13F filed Aug 14, 2026 · share of 13F-reported
Vanguard Portfolio Management LLC3.5%
8.6M shares · 13F filed Aug 13, 2026 · share of 13F-reported
1,747 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding.
Insiders, last 12 months (Form 4, open market)
2 purchases · 118 sales · $358M sold
Grants, gifts and tax withholding counted separately · window Oct 13, 2025 – Oct 13, 2026
All metrics
All metrics · 36 SEC metrics, FY2017–FY2026
Income statement 12
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Discontinued operations | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
| G&A | ||||||||||
| Gross profit calc. | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Income taxes | ||||||||||
| Interest expense | ||||||||||
| Net income | ||||||||||
| Operating income | ||||||||||
| Research and development | ||||||||||
| Revenue | ||||||||||
| SG&A calc. | ||||||||||
| Sales & marketing | ||||||||||
Balance sheet 10
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ||||||||||
| Current liabilities | ||||||||||
| Current portion of long-term debt | not reported | not reported | not reported | not reported | ||||||
| Equity | ||||||||||
| Equity incl. NCI | ||||||||||
| Long-term debt | not reported | not reported | ||||||||
| Short-term debt (balance sheet line) | not reported | not reported | not reported | not reported | not reported | |||||
| Total assets | ||||||||||
| Total debt calc. | not reported | not reported | ||||||||
| Total liabilities & equity | ||||||||||
Cash flow 7
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Buybacks | ||||||||||
| Capex | ||||||||||
| Dividends | ||||||||||
| Free cash flow calc. | ||||||||||
| Interest paid | ||||||||||
| Operating cash flow | ||||||||||
| Stock-based compensation | ||||||||||
Per share & shares 4
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS basic | ||||||||||
| EPS diluted | ||||||||||
| Wtd. shares basic | ||||||||||
| Wtd. shares diluted | ||||||||||
Other 3
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other income (incl. interest) calc. | ||||||||||
| Pretax income | ||||||||||
| Total liabilities | ||||||||||
Method
extractive: verbatim sentences selected by rules from Item 1, 1A and 7; no AI summary; every sentence matched verbatim against the filing text. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values