# Intuit Inc. (INTU)

> Source: Nexqual · https://nexqual.com/INTU · data as of 2026-10-23 16:22 UTC · cite as "Nexqual, Intuit Inc. (INTU), nexqual.com/INTU" · informational, not investment advice.

**Price:** USD 345.87 (-2.54% today) · US market open, as of October 23, 2026 at 16:22 UTC; quotes may be delayed. Prev close 354.9 · day 343.9–356.11 · 52w 252.84–689.17 · market cap $92.4B · NMS

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $21.4B, net income $4.57B (21.3% margin), free cash flow $8.66B (SEC filings).
- Valuation: P/E 20.2x (avg 46.2x at the last 3 fiscal year-ends), EV/EBITDA 15.3x, net debt $469M.
- 7 of 80 tracked superinvestors hold INTU (13F, Q2 2026): 2 new, 2 added, 2 reduced, 1 unchanged.
- Analysts: Buy (mean 2.35 on a 1–5 scale) (34 analysts), mean target USD 406.92 (range 290–732).
- Total return with dividends: 1Y -48.3% vs S&P 500 +14.7%; 5Y -42.5% vs S&P 500 +77.5%.
- Next earnings: 2026-11-19, EPS estimate USD 2.64, revenue estimate $4.31B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.7B | $14.4B | $16.3B | $18.8B | $21.4B | $21.4B |
| Operating income | $2.57B | $3.14B | $3.63B | $4.92B | $5.88B | $5.88B |
| Net income | $2.07B | $2.38B | $2.96B | $3.87B | $4.57B | $4.57B |
| EPS (diluted) | $7.28 | $8.42 | $10.43 | $13.67 | $16.46 | — |
| Free cash flow | $3.73B | $4.84B | $4.69B | $6.12B | $8.66B | $8.66B |
| Operating margin | 20.2% | 21.9% | 22.3% | 26.1% | 27.4% | 27.4% |
| Net margin | 16.2% | 16.6% | 18.2% | 20.5% | 21.3% | 21.3% |
| Revenue growth | +32.1% | +12.9% | +13.3% | +15.6% | +13.9% | — |
| Cash + short-term investments | $3.28B | $3.66B | $4.07B | $4.55B | $7.20B | — |
| Total debt | $6.91B | $6.12B | $6.04B | $5.97B | $7.67B | — |
Fiscal years end Jul. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 20.2x · P/S 4.3x · EV/EBITDA 15.3x · EV/Sales 4.3x · P/FCF 10.7x · P/B 4.9x · FCF yield 9.37% · Earnings yield 4.94% · Dividend yield (paid, TTM) 1.46% · Buyback yield (TTM) 5.86% · Net debt $469M · EV $92.9B
P/E at fiscal year-ends: Jul 2026 19.2x, Jul 2025 57.4x, Jul 2024 62.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
7 of 80 tracked investors hold INTU. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lindsell Train |  | 6.62% | $174M | Reduced -9.1% |
| Yacktman Asset Management |  | 1.59% | $128M | New position |
| Valley Forge Capital | Valley Forge Capital Management | 1.58% | $49.3M | Unchanged |
| Van Den Berg Management I |  | 1.38% | $6.5M | Added +264.3% |
| First Pacific Advisors |  | 1.09% | $86.6M | New position |
| Hillman Capital | Hillman Capital Management | 0.23% | $314K | Added +25.7% |
| Jensen Investment Management |  | 0.05% | $2.0M | Reduced -92.7% |

## Analysts
Consensus Buy (mean 2.35 on a 1–5 scale), 34 analysts; mean target USD 406.92 (low 290, high 732).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | RBC Capital | Reiterated | Outperform | $385 |
| 2026-09-18 | Evercore ISI Group | Reiterated | Outperform | $400 |
| 2026-09-18 | Mizuho | Reiterated | Outperform | $430 |
| 2026-09-18 | Stifel | Reiterated | Hold | $300 |
| 2026-09-18 | Truist Securities | Reiterated | Hold | $300 |
| 2026-09-18 | TD Cowen | Reiterated | Hold | $346 |
| 2026-09-18 | RBC Capital | Reiterated | Outperform | $385 |
| 2026-09-11 | RBC Capital | Reiterated | Outperform | $385 |
| 2026-08-27 | Goldman Sachs | Target raised | Sell | $276 → $304 |
| 2026-08-26 | Oppenheimer | Target lowered | Outperform | $406 → $380 |
| 2026-08-26 | Morgan Stanley | Target lowered | Equal-Weight | $335 → $315 |
| 2026-08-26 | Susquehanna | Target lowered | Positive | $427 → $415 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -48.3% | -42.5% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | -48.3% | -10.5% |
| Volatility (annualized) | 51.7% | 38.1% |
| Max drawdown | -62.5% (Oct 2025→Jun 2026) | -65.8% (Jul 2025→Jun 2026) |

## Peers (Software - Application)
DDOG (Datadog, Inc.) USD 270.84 +5.08% · ADBE (Adobe Inc.) USD 265.13 -2.00% · CDNS (Cadence Design Systems, Inc.) USD 316.88 +2.33% · SNOW (Snowflake Inc.) USD 319.41 +1.74% · ADP (Automatic Data Processing, Inc.) USD 305.87 -0.67% · UBER (Uber Technologies, Inc.) USD 67.86 -1.75%

## More
Full page: https://nexqual.com/INTU · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in INTU's own 10-K filed 2026-09-09 (https://www.sec.gov/Archives/edgar/data/896878/000089687826000037/intu-20260731.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Credit Karma | "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 c…" |
| Customer | Apple (AAPL) | "We increasingly utilize third-party platforms, such as Apple's App Store, Google's Play Store, AI platforms and other digital channels, for the discovery and distribution of certain of our offerings, benefiting from the …" |
| Customer | Alphabet (Google) (GOOGL) | "We increasingly utilize third-party platforms, such as Apple's App Store, Google's Play Store, AI platforms and other digital channels, for the discovery and distribution of certain of our offerings, benefiting from the …" |

Other companies that name INTU in their own reports (relationship from INTU's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | GREEN DOT CORP (GDOT) | 10-K 2026-03-16 | "Our largest customers include Apple, Inc., Intuit, Inc., Dayforce, Inc., and Amazon.com, Inc., among others." |

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Global Business Solutions | $3.42B | 78.6% | +13.6% | $2.63B | 76.8% |
| Consumer | $930.0M | 21.4% | +13.7% | $563.0M | 60.5% |
| Total revenue | $4.35B | 100% | — | $475.0M | 10.9% |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service | $3.78B | 86.9% | +14.9% |
| — QuickBooks Online Accounting (part of Service) | $1.32B | 30.3% | +19.6% |
| — Online Services (part of Service) | $1.28B | 29.5% | +15.2% |
| — Credit Karma (part of Service) | $743.0M | 17.1% | +16.5% |
| — Desktop Services and Supplies (part of Service) | $291.0M | 6.7% | +2.8% |
| — Turbo Tax (part of Service) | $153.0M | 3.5% | +3.4% |
| Total Online Ecosystem | $2.60B | 59.8% | +17.4% |
| Total Desktop Ecosystem | $821.0M | 18.9% | +3.3% |
| Product & Other | $571.0M | 13.1% | +5.7% |
| QuickBooks Desktop Accounting | $530.0M | 12.2% | +3.5% |
| Pro Tax | $34.0M | 0.8% | +6.3% |
| Total revenue | $4.35B | 100% | — |
The lines above cover 191.6% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $2.64 | $4.03 | -34.5% | $4.31B | 26 |
| Next quarter (ends 2027-01-31) | $3.98 | $4.84 | -17.7% | $5.11B | 26 |
| Current fiscal year (ends 2027-07-31) | $23.81 | $27.27 | -12.7% | $23.41B | 32 |
| Next fiscal year (ends 2028-07-31) | $26.94 | $30.78 | -12.5% | $25.53B | 31 |