Stock Analysis on Net
Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common-Size Income Statement

Intuit Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Service 85.12 85.73 85.76 82.37 78.71 76.08
Product and other 14.88 14.27 14.24 17.63 21.29 23.92
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of service revenue -19.96 -20.24 -17.26 -16.24 -16.72 -15.77
Cost of product and other revenue -0.42 -0.50 -0.55 -0.72 -0.94 -1.14
Amortization of acquired technology -0.90 -1.13 -1.10 -0.52 -0.29 -0.29
Cost of revenue -21.28% -21.88% -18.91% -17.47% -17.95% -17.20%
Gross profit 78.72% 78.13% 81.09% 82.53% 82.05% 82.80%
Selling and marketing -26.48 -26.18 -27.71 -27.45 -26.67 -28.41
Research and development -16.91 -17.67 -18.44 -17.42 -18.13 -18.18
General and administrative -8.71 -9.05 -11.47 -10.19 -8.84 -8.80
Amortization of other acquired intangible assets -2.97 -3.36 -3.27 -1.52 -0.08 -0.09
Restructuring -1.37 0.00 0.00 0.00 0.00 0.00
Operating income 22.29% 21.86% 20.20% 25.95% 28.34% 27.33%
Interest expense -1.49 -1.73 -0.64 -0.30 -0.18 -0.22
Interest and other income, net 0.99 0.67 0.41 0.88 0.47 0.62
Income before income taxes 21.80% 20.80% 19.97% 26.53% 28.62% 27.73%
Income tax provision -3.60 -4.21 -3.74 -5.13 -4.84 -4.78
Net income 18.19% 16.59% 16.23% 21.41% 23.78% 22.95%

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Intuit Inc. operating income as a percentage of net revenue increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intuit Inc. income before income taxes as a percentage of net revenue increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuit Inc. net income as a percentage of net revenue increased from 2022 to 2023 and from 2023 to 2024.