Explain this page
Arphra AIPlain-English read on Intuit Inc.’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $9.63B | $12.73B | $14.37B | $16.29B | $18.83B | $21.36B | $23.9B | $26.75B | $30.92B |
| Cost of revenue | $1.68B | $2.41B | $3.14B | $3.47B | $3.62B | $4.54B | $5.04B | $5.53B | $6.41B |
| Gross profit | $7.95B | $10.32B | $11.23B | $12.82B | $15.21B | $16.85B | $19.21B | $20.98B | $25.16B |
| Gross margin | +82.53% | +81.09% | +78.13% | +78.72% | +80.76% | +78.86% | +80.40% | +78.42% | +81.37% |
| Operating | |||||||||
| Research & development | $1.68B | $2.35B | $2.54B | $2.75B | $2.93B | $3.57B | $3.92B | $4.57B | $5.05B |
| Selling, general & administrative | $3.63B | $4.99B | $5.06B | $5.73B | $6.64B | $7.48B | $8.34B | $9.14B | $11.21B |
| Total operating expenses | $5.45B | $7.75B | $8.08B | $9.19B | $10.28B | $11.67B | $13.53B | $15.21B | $17.66B |
| Operating income | $2.5B | $2.57B | $3.14B | $3.63B | $4.92B | $4.97B | $5.61B | $6.26B | $7.21B |
| Operating margin | +25.95% | +20.20% | +21.86% | +22.29% | +26.14% | +23.25% | +23.48% | +23.41% | +23.34% |
| EBITDA | $2.95B | $3.37B | $4.04B | $4.58B | $5.89B | $6.27B | $6.82B | $7.83B | $9.06B |
| EBIT | $2.59B | $2.62B | $3.24B | $3.79B | $5.08B | $5.31B | $5.74B | $6.57B | $7.6B |
| Below the line | |||||||||
| Interest expense | $29M | $81M | $248M | $242M | $247M | $330.52M | $356.02M | $402.28M | $453.02M |
| Interest income | $57M | $64M | $106M | $147M | $175M | $186.78M | $200.64M | $223.04M | $261.25M |
| Other income / expense | $56M | -$29M | -$152M | -$80M | -$89M | — | — | — | — |
| Pre-tax income | $2.56B | $2.54B | $2.99B | $3.55B | $4.83B | $5B | $5.42B | $6.23B | $7.13B |
| Income tax expense | $494M | $476M | $605M | $587M | $965M | $939.86M | $1.02B | $1.12B | $1.35B |
| Earnings | |||||||||
| Net income | $2.06B | $2.07B | $2.38B | $2.96B | $3.87B | $3.82B | $4.41B | $4.83B | $5.74B |
| Net income · continuing ops | $2.06B | $2.07B | $2.38B | $2.96B | $3.87B | $3.87B | $4.47B | $4.79B | $5.65B |
| Net margin | +21.41% | +16.23% | +16.59% | +18.19% | +20.55% | +17.90% | +18.45% | +18.04% | +18.55% |
| EPS · basic | $7.64 | $7.38 | $8.48 | $10.58 | $13.82 | $24.36 | $27.68 | $31.55 | $35.30 |
| EPS · diluted | $7.55 | $7.27 | $8.42 | $10.43 | $13.67 | $23.77 | $27.26 | $31.13 | $35.42 |
| EPS · low estimate | — | — | — | — | — | $23.48 | $25.89 | $28.77 | $34.89 |
| EPS · high estimate | — | — | — | — | — | $24.42 | $29.40 | $34.54 | $36.30 |
| Shares · basic | 270M | 280M | 281M | 280M | 280M | 277.69M | 279.35M | 279.35M | 279.94M |
| Shares · diluted | 273M | 284M | 283M | 284M | 283M | 283.8M | 285.49M | 284.86M | 285.46M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 21 | 23 | 21 | 10 |
| Analysts (EPS) | — | — | — | — | — | 17 | 19 | 12 | 5 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro