Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Intuit Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Oct 31, 2025	Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Cash and cash equivalents	3,506)	2,884)	5,443)	2,435)	2,872)	3,609)	4,215)	1,474)	1,734)	2,848)	3,745)	1,547)	2,125)	2,796)	3,531)	1,257)	2,864)	2,562)	3,164)	1,952)	5,174)	6,442)	3,371)	1,641)	1,630)
Investments	190)	1,668)	731)	24)	486)	465)	463)	15)	537)	814)	523)	524)	599)	485)	373)	157)	386)	1,308)	952)	786)	619)	608)	600)	625)	625)
Accounts receivable, net	579)	530)	724)	1,017)	426)	457)	790)	928)	372)	405)	717)	903)	384)	446)	738)	889)	411)	391)	554)	465)	99)	149)	219)	603)	104)
Notes receivable held for investment	1,519)	1,403)	1,278)	1,376)	892)	779)	698)	1,001)	649)	687)	700)	948)	566)	509)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Notes receivable held for sale	48)	—)	47)	14)	10)	3)	7)	21)	9)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Income taxes receivable	31)	50)	9)	90)	27)	78)	4)	126)	17)	29)	2)	67)	88)	93)	6)	241)	111)	123)	4)	153)	29)	12)	6)	52)	86)
Prepaid expenses and other current assets	630)	496)	512)	845)	407)	366)	337)	345)	388)	354)	574)	391)	324)	287)	671)	571)	409)	316)	305)	312)	246)	314)	277)	308)	304)
Current assets before funds receivable and amounts held for customers	6,503)	7,031)	8,744)	5,801)	5,120)	5,757)	6,514)	3,910)	3,706)	5,137)	6,261)	4,380)	4,086)	4,616)	5,319)	3,115)	4,181)	4,700)	4,979)	3,668)	6,167)	7,525)	4,473)	3,229)	2,749)
Funds receivable and amounts held for customers	3,918)	7,076)	5,221)	3,334)	5,606)	3,921)	2,722)	3,390)	2,525)	420)	388)	376)	468)	431)	539)	375)	306)	457)	348)	426)	484)	455)	389)	461)	413)
Current assets	10,421)	14,107)	13,965)	9,135)	10,726)	9,678)	9,236)	7,300)	6,231)	5,557)	6,649)	4,756)	4,554)	5,047)	5,858)	3,490)	4,487)	5,157)	5,327)	4,094)	6,651)	7,980)	4,862)	3,690)	3,162)
Long-term investments	92)	94)	88)	88)	90)	131)	129)	128)	107)	105)	102)	108)	98)	98)	98)	90)	84)	43)	41)	41)	28)	19)	19)	13)	13)
Property and equipment, net	965)	961)	975)	992)	1,008)	1,009)	1,032)	1,049)	1,013)	969)	938)	931)	926)	888)	858)	831)	789)	780)	791)	792)	743)	734)	745)	758)	773)
Operating lease right-of-use assets	596)	541)	560)	518)	538)	411)	428)	444)	457)	469)	485)	508)	535)	549)	425)	439)	405)	380)	370)	392)	232)	226)	220)	297)	307)
Goodwill	13,980)	13,980)	13,847)	13,841)	13,844)	13,844)	13,778)	13,779)	13,776)	13,780)	13,778)	13,779)	13,732)	13,736)	13,731)	13,732)	5,613)	5,613)	5,614)	5,598)	1,697)	1,654)	1,653)	1,655)	1,655)
Acquired intangible assets, net	5,136)	5,302)	5,397)	5,505)	5,662)	5,820)	5,950)	6,104)	6,261)	6,419)	6,580)	6,737)	6,899)	7,061)	7,224)	7,388)	3,195)	3,252)	3,321)	3,384)	63)	28)	34)	41)	49)
Long-term deferred income tax assets	1,173)	1,222)	1,062)	934)	798)	698)	512)	383)	214)	64)	13)	12)	10)	11)	8)	8)	8)	8)	7)	6)	60)	65)	—)	—)	—)
Other assets	828)	751)	699)	669)	527)	541)	495)	501)	429)	417)	376)	371)	331)	344)	312)	325)	289)	283)	287)	291)	233)	225)	231)	247)	224)
Long-term assets	22,770)	22,851)	22,628)	22,547)	22,467)	22,454)	22,324)	22,388)	22,257)	22,223)	22,272)	22,446)	22,531)	22,687)	22,656)	22,813)	10,383)	10,359)	10,431)	10,504)	3,056)	2,951)	2,902)	3,011)	3,021)
Total assets	33,191)	36,958)	36,593)	31,682)	33,193)	32,132)	31,560)	29,688)	28,488)	27,780)	28,921)	27,202)	27,085)	27,734)	28,514)	26,303)	14,870)	15,516)	15,758)	14,598)	9,707)	10,931)	7,764)	6,701)	6,183)

Cash and Cash Equivalents: Cash and cash equivalents exhibit significant fluctuations across the periods. The balance increased sharply from late 2019 through mid-2020, peaking above 6 billion US dollars, followed by a marked decline in early 2021. Subsequently, the levels oscillated but generally showed recovery in later periods reaching over 5 billion by late 2025.
Investments: Investments remained relatively stable around 600 million USD until early 2021, when a gradual upward trend commenced, peaking at over 1.6 billion by late 2025. The trend suggests a strategic increase in investment holdings over the recent years.
Accounts Receivable, Net: This metric displays considerable volatility. Early periods showed moderate figures, which increased sharply in early 2022, peaking near 1 billion USD. Corrections followed, but the balances remained elevated compared to early years, indicating a potential increase in sales on credit or collection delays.
Notes Receivable Held for Investment: Data available from mid-2022 shows a consistent upward trajectory, increasing from around 500 million to over 1.5 billion USD by late 2025. This indicates expanding financing activities or portfolio growth in notes receivable held for investment.
Notes Receivable Held for Sale: These assets appear negligible and sporadic starting mid-2023, with small balances mostly under 50 million USD. This suggests that notes held for sale represent a minor portion of assets with fluctuating disposition timing.
Income Taxes Receivable: Income taxes receivable amounts have been irregular, with multiple sharp changes across quarters. High spikes occur sporadically without a clear trend, reflecting variable tax positions or timing differences in tax settlement.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets show moderate growth from around 300 million USD to a peak near 850 million by early 2025, indicating increased advance payments or accrued costs in operations.
Current Assets Before Funds Receivable and Amounts Held for Customers: Current assets excluding funds receivable experienced substantial growth from roughly 2.7 billion USD in late 2019 to a peak near 8.7 billion in late 2024, followed by a slight decline. The overall increase reflects expansion in liquid and short-term asset holdings.
Funds Receivable and Amounts Held for Customers: This category reveals significant growth, especially after early 2021, rising from several hundred million to above 7 billion USD by late 2024, before decreasing in later periods. This pattern suggests an increase in client-related liabilities or fiduciary funds managed by the company.
Current Assets: Summing current asset components, total current assets grew markedly over time, from just over 3 billion USD to peaks exceeding 14 billion, with fluctuations in the last periods. This growth is indicative of enhanced liquidity and operational scale.
Long-Term Investments: Long-term investments grew gradually from low double-digit millions to around 130 million USD, with minor fluctuations, reflecting a cautious increase in longer-duration investment holdings.
Property and Equipment, Net: The net value of property and equipment remains relatively stable, slowly increasing from 773 million to approximately 1 billion USD. This stability suggests steady investment in fixed assets without major disposals or impairments.
Operating Lease Right-of-Use Assets: Right-of-use assets under operating leases demonstrate variability, with an initial decline followed by growth to approximately 500 million USD. This reflects changing leasing strategies or reevaluations under accounting standards.
Goodwill: Goodwill balances show a dramatic increase between early 2020 and early 2021, from about 1.6 billion to over 13 billion USD, remaining stable subsequently. This likely indicates major acquisitions during this period, impacting intangible asset values.
Acquired Intangible Assets, Net: Acquired intangible assets increased sharply concurrently with goodwill, peaking near 7.4 billion USD, and then gradually declining to around 5.1 billion USD by late 2025, which could reflect amortization or asset impairments over time.
Long-Term Deferred Income Tax Assets: Deferred tax assets emerged from mid-2020 and increased notably to over 1.2 billion USD by late 2024, possibly reflecting recognition of tax benefits related to acquisitions or other temporary differences.
Other Assets: Other assets have steadily increased from around 220 million USD to over 800 million by late 2025, indicating growth in miscellaneous long-term asset categories.
Long-Term Assets: Total long-term assets rose substantially from roughly 3 billion USD in late 2019 to more than 22 billion after early 2021, stabilizing thereafter. The surge correlates with increases in goodwill, intangibles, and deferred tax assets, underlying growth through acquisitions.
Total Assets: The overall asset base expanded significantly, doubling from approximately 6.2 billion USD in late 2019 to peaks above 36 billion USD by late 2024, followed by some decline. This reflects a period of extensive expansion, likely fueled by corporate acquisitions and asset growth.

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Intuit Inc. (NASDAQ:INTU)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data