Intuit (INTU) 10-K Summary — Year Ended Jul 31, 2023
Intuit Inc. filed its annual report for the fiscal year ended July 31, 2023. The company reported revenue growth and positive operating income, net income, and operating cash flow.
Key takeaway
Year ended Jul 31, 2023 · FY2025 10-K
Intuit Inc. filed its annual report for the fiscal year ended July 31, 2023. The company reported revenue growth and positive operating income, net income, and operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.4B
Revenue reported for the fiscal year.
Operating income
$3.1B
Income from operations reported for the year.
Net income
$2.4B
Net income reported for the year.
Operating cash flow
$5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2021 | $9.6B | n/a |
| Jul 31, 2022 | $12.7B | +32.1% |
| Jul 31, 2023 | $14.4B | +12.9% |
Business overview
Intuit helps consumers and small businesses through financial management, compliance, and marketing products. Its platform includes TurboTax, Credit Karma, QuickBooks, and Mailchimp, serving 100 million customers. The company is leveraging artificial intelligence to enhance its offerings.
Financial performance
Revenue increased compared to the prior year. The company also reported operating income, net income, and operating cash flow for the fiscal year.
Material risks
The supplied filing context does not contain detailed descriptions of specific risk factors. Therefore, no material risks can be identified from the provided text.
Liquidity and capital
The filing indicates that liquidity and capital resources are discussed in the Management's Discussion and Analysis, but no specific themes or data are provided in the excerpt.
What to watch
Readers should monitor how the company's adoption of artificial intelligence shapes its financial performance and competitive position in the next filing.