Intuit (INTU) 10-K Summary — Year Ended Jul 31, 2024
Intuit is a global financial technology platform serving consumers and small-to-mid-market businesses with products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company reported revenue growth in its latest fiscal year, with operating income, net income, and operating cash flow all positive.
Key takeaway
Year ended Jul 31, 2024 · FY2025 10-K
Intuit is a global financial technology platform serving consumers and small-to-mid-market businesses with products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company reported revenue growth in its latest fiscal year, with operating income, net income, and operating cash flow all positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$16.3B
Revenue reported for the fiscal year.
Operating income
$3.6B
Income from operations reported for the year.
Net income
$3B
Net income reported for the year.
Operating cash flow
$4.9B
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% |
| Jul 31, 2024 | $16.3B | +13.3% |
Business overview
The company helps consumers manage taxes, build credit, save, and make financial decisions, while assisting small and mid-market businesses with bookkeeping, payments, payroll, and customer management. It leverages data and artificial intelligence across its platform to deliver time savings, confidence, and improved financial outcomes for approximately 100 million customers.
Financial performance
Revenue increased compared to the prior year, continuing a multi-year upward trend. Operating income and net income were reported, and cash from operations remained healthy.
Material risks
The supplied filing context does not include detailed risk factor descriptions beyond a table of contents. Therefore, no specific material risks can be identified from the provided information.
Liquidity and capital
No liquidity or capital allocation details were provided in the supplied filing context, so no themes can be discussed.
What to watch
Monitor the trajectory of revenue growth, as the company has shown consistent increases over recent periods.