Intuit Historical Income Statement

INTU Stock

USD 641.73 5.56 0.87%

Historical analysis of Intuit income statement accounts such as Total Revenue of 17.1 B or Gross Profit of 13.5 B can show how well Intuit Inc performed in making a profits. Evaluating Intuit income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Intuit's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Intuit Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Intuit Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About Intuit Income Statement Analysis

Intuit Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Intuit shareholders. The income statement also shows Intuit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Intuit Income Statement Chart

At this time, Intuit's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 9.6 B in 2024, whereas Non Recurring is likely to drop slightly above 97.5 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Ebitda

Total Revenue

Total revenue comprises all receipts Intuit Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Intuit Inc minus its cost of goods sold. It is profit before Intuit operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Intuit Inc. It is also known as Intuit overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Intuit Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Intuit Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Intuit's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Intuit Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Gross Profit	10.3B	11.2B	12.8B	13.5B
Total Revenue	12.7B	14.4B	16.3B	17.1B

Gross Profit Total Revenue

Intuit income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling General Administrative	Extraordinary Items	Minority Interest	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income
Depreciation And Amortization		0.9	0.97	0.96	0.97	0.91	0.92	0.95	0.97	0.97	0.9	-0.57	0.89	0.82	0.96	0.96	0.2	0.58	0.95	0.88	0.76	0.29	0.55	0.85	0.85	-0.66
Interest Expense	0.9		0.88	0.86	0.88	0.83	0.84	0.87	0.92	0.87	0.81	-0.66	0.8	0.75	0.85	0.86	0.17	0.49	0.85	0.81	0.75	0.12	0.45	0.79	0.89	-0.84
Total Revenue	0.97	0.88		1.0	1.0	0.98	0.99	0.99	0.99	1.0	0.98	-0.46	0.97	0.85	1.0	0.95	0.24	0.64	0.99	0.96	0.88	0.32	0.66	0.86	0.91	-0.53
Gross Profit	0.96	0.86	1.0		1.0	0.98	0.99	1.0	0.99	1.0	0.98	-0.44	0.97	0.85	1.0	0.95	0.25	0.65	0.99	0.96	0.87	0.34	0.67	0.86	0.9	-0.5
Other Operating Expenses	0.97	0.88	1.0	1.0		0.97	0.98	0.99	0.99	1.0	0.97	-0.48	0.96	0.83	1.0	0.96	0.24	0.62	0.99	0.96	0.87	0.3	0.64	0.86	0.91	-0.55
Operating Income	0.91	0.83	0.98	0.98	0.97		1.0	1.0	0.97	0.97	1.0	-0.33	1.0	0.87	0.97	0.9	0.26	0.68	0.97	0.98	0.91	0.38	0.72	0.84	0.9	-0.44
Ebit	0.92	0.84	0.99	0.99	0.98	1.0		1.0	0.97	0.98	1.0	-0.36	0.99	0.87	0.98	0.9	0.24	0.69	0.97	0.98	0.91	0.38	0.7	0.84	0.91	-0.45
Ebitda	0.95	0.87	0.99	1.0	0.99	1.0	1.0		0.98	0.99	0.99	-0.4	0.98	0.87	0.99	0.93	0.24	0.67	0.98	0.97	0.89	0.37	0.68	0.85	0.91	-0.49
Cost Of Revenue	0.97	0.92	0.99	0.99	0.99	0.97	0.97	0.98		0.99	0.96	-0.52	0.95	0.82	0.99	0.95	0.23	0.59	0.98	0.96	0.88	0.25	0.62	0.86	0.93	-0.6
Total Operating Expenses	0.97	0.87	1.0	1.0	1.0	0.97	0.98	0.99	0.99		0.97	-0.47	0.96	0.84	1.0	0.96	0.24	0.63	0.99	0.95	0.86	0.32	0.65	0.86	0.9	-0.52
Income Before Tax	0.9	0.81	0.98	0.98	0.97	1.0	1.0	0.99	0.96	0.97		-0.3	1.0	0.87	0.97	0.89	0.25	0.68	0.96	0.98	0.91	0.39	0.73	0.83	0.9	-0.4
Total Other Income Expense Net	-0.57	-0.66	-0.46	-0.44	-0.48	-0.33	-0.36	-0.4	-0.52	-0.47	-0.3		-0.27	-0.34	-0.46	-0.53	0.04	-0.23	-0.43	-0.28	-0.25	-0.06	0.12	-0.45	-0.41	0.78
Net Income	0.89	0.8	0.97	0.97	0.96	1.0	0.99	0.98	0.95	0.96	1.0	-0.27		0.83	0.97	0.88	0.3	0.65	0.96	0.99	0.92	0.34	0.76	0.82	0.91	-0.38
Income Tax Expense	0.82	0.75	0.85	0.85	0.83	0.87	0.87	0.87	0.82	0.84	0.87	-0.34	0.83		0.83	0.75	0.14	0.83	0.79	0.75	0.68	0.63	0.51	0.75	0.72	-0.47
Research Development	0.96	0.85	1.0	1.0	1.0	0.97	0.98	0.99	0.99	1.0	0.97	-0.46	0.97	0.83		0.96	0.27	0.63	0.99	0.96	0.86	0.33	0.68	0.86	0.89	-0.51
Selling General Administrative	0.96	0.86	0.95	0.95	0.96	0.9	0.9	0.93	0.95	0.96	0.89	-0.53	0.88	0.75	0.96		0.25	0.44	0.94	0.9	0.82	0.19	0.61	0.9	0.83	-0.6
Extraordinary Items	0.2	0.17	0.24	0.25	0.24	0.26	0.24	0.24	0.23	0.24	0.25	0.04	0.3	0.14	0.27	0.25		0.07	0.24	0.28	0.12	-0.01	0.68	0.39	0.27	-0.04
Minority Interest	0.58	0.49	0.64	0.65	0.62	0.68	0.69	0.67	0.59	0.63	0.68	-0.23	0.65	0.83	0.63	0.44	0.07		0.59	0.54	0.44	0.87	0.39	0.44	0.49	-0.21
Selling And Marketing Expenses	0.95	0.85	0.99	0.99	0.99	0.97	0.97	0.98	0.98	0.99	0.96	-0.43	0.96	0.79	0.99	0.94	0.24	0.59		0.97	0.88	0.25	0.65	0.84	0.92	-0.49
Net Income From Continuing Ops	0.88	0.81	0.96	0.96	0.96	0.98	0.98	0.97	0.96	0.95	0.98	-0.28	0.99	0.75	0.96	0.9	0.28	0.54	0.97		0.95	0.21	0.74	0.83	0.93	-0.4
Non Operating Income Net Other	0.76	0.75	0.88	0.87	0.87	0.91	0.91	0.89	0.88	0.86	0.91	-0.25	0.92	0.68	0.86	0.82	0.12	0.44	0.88	0.95		0.13	0.6	0.76	0.89	-0.35
Non Recurring	0.29	0.12	0.32	0.34	0.3	0.38	0.38	0.37	0.25	0.32	0.39	-0.06	0.34	0.63	0.33	0.19	-0.01	0.87	0.25	0.21	0.13		0.22	0.24	0.09	0.05
Discontinued Operations	0.55	0.45	0.66	0.67	0.64	0.72	0.7	0.68	0.62	0.65	0.73	0.12	0.76	0.51	0.68	0.61	0.68	0.39	0.65	0.74	0.6	0.22		0.64	0.57	-0.08
Tax Provision	0.85	0.79	0.86	0.86	0.86	0.84	0.84	0.85	0.86	0.86	0.83	-0.45	0.82	0.75	0.86	0.9	0.39	0.44	0.84	0.83	0.76	0.24	0.64		0.8	-0.54
Interest Income	0.85	0.89	0.91	0.9	0.91	0.9	0.91	0.91	0.93	0.9	0.9	-0.41	0.91	0.72	0.89	0.83	0.27	0.49	0.92	0.93	0.89	0.09	0.57	0.8		-0.52
Net Interest Income	-0.66	-0.84	-0.53	-0.5	-0.55	-0.44	-0.45	-0.49	-0.6	-0.52	-0.4	0.78	-0.38	-0.47	-0.51	-0.6	-0.04	-0.21	-0.49	-0.4	-0.35	0.05	-0.08	-0.54	-0.52

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Intuit Account Relationship Matchups

Intuit income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	218M	363M	746M	806M	789M	828.5M
Interest Expense	14M	29M	81M	248M	251M	263.6M
Total Revenue	7.7B	9.6B	12.7B	14.4B	16.3B	17.1B
Gross Profit	6.3B	8.0B	10.3B	11.2B	12.8B	13.5B
Other Operating Expenses	5.5B	7.1B	10.2B	11.2B	12.7B	13.3B
Operating Income	2.2B	2.5B	2.6B	3.1B	3.6B	3.8B
Ebit	2.2B	2.6B	2.6B	3.2B	3.8B	4.0B
Ebitda	2.4B	2.9B	3.4B	4.0B	4.6B	4.8B
Cost Of Revenue	1.4B	1.7B	2.4B	3.1B	3.5B	3.6B
Total Operating Expenses	4.1B	5.5B	7.7B	8.1B	9.2B	9.6B
Income Before Tax	2.2B	2.6B	2.5B	3.0B	3.6B	3.7B
Total Other Income Expense Net	22M	56M	(29M)	(152M)	(80M)	(76M)
Net Income	1.8B	2.1B	2.1B	2.4B	3.0B	3.1B
Income Tax Expense	372M	494M	476M	605M	587M	616.4M
Research Development	1.4B	1.7B	2.3B	2.5B	2.8B	2.9B
Selling General Administrative	679M	982M	1.5B	1.7B	1.4B	1.5B
Net Income Applicable To Common Shares	1.8B	2.1B	2.1B	2.4B	2.7B	2.9B
Selling And Marketing Expenses	2.0B	2.6B	3.5B	3.3B	4.3B	4.5B
Net Income From Continuing Ops	1.8B	2.1B	2.1B	2.4B	3.0B	3.1B
Tax Provision	372M	494M	476M	605M	587M	466.6M
Interest Income	39M	85M	52M	96M	147M	154.4M
Net Interest Income	25M	56M	(29M)	(152M)	(104M)	(98.8M)
Reconciled Depreciation	218M	363M	746M	806M	789M	500.0M

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Intuit Historical Income Statement

About Intuit Income Statement Analysis

Intuit Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Intuit income statement Correlations

Intuit Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Intuit income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Total Operating Expenses	+ 1.0	Total Revenue
Research Development	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit
Ebitda	+ 1.0	Gross Profit

Net Interest Income	- 0.84	Interest Expense
Total Other Income Expense Net	- 0.66	Interest Expense
Net Interest Income	- 0.66	Depreciation And Amortization
Net Interest Income	- 0.6	Selling General Administrative
Net Interest Income	- 0.6	Cost Of Revenue
Total Other Income Expense Net	- 0.57	Depreciation And Amortization