Intuit Inc. stock research
FY2025 Q1
Intuit (INTU) Gross Margin — Quarter Ended Oct 31, 2024
Revenue and gross profit increased compared to the prior quarter and the same quarter last year. Gross margin was modestly lower than the previous quarter but higher than the year-ago period, reflecting mixed trends.
Gross margin takeaway
Quarter ended Oct 31, 2024 · FY2025 Q1
Revenue and gross profit increased compared to the prior quarter and the same quarter last year. Gross margin was modestly lower than the previous quarter but higher than the year-ago period, reflecting mixed trends.
- Gross margin improved year over year as gross profit grew faster than revenue, but declined sequentially as cost of revenue increased at a slightly higher rate than revenue.
- Compared to the prior quarter, gross margin weakened slightly. Relative to the same quarter last year, gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
74.9%
Gross profit
$2.5B
Revenue
$3.3B
Cost of revenue
$823.0M
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jan 31, 2024 | $3.4B | $2.5B | $855.0M | 74.7% |
| Apr 30, 2024 | $6.7B | $5.7B | $1.1B | 84.2% |
| Jul 31, 2024 | $3.2B | $2.4B | $783.0M | 75.4% |
| Oct 31, 2024 | $3.3B | $2.5B | $823.0M | 74.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2024
-0.5 pts
Year-over-year change
Oct 31, 2023
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved year over year as gross profit grew faster than revenue, but declined sequentially as cost of revenue increased at a slightly higher rate than revenue.
Compared to the prior quarter, gross margin weakened slightly. Relative to the same quarter last year, gross margin strengthened.
Monitor the trend in cost of revenue relative to revenue for potential impact on gross margin.