Intuit Inc. stock research
FY2026 Q1
Intuit (INTU) Gross Margin — Quarter Ended Oct 31, 2025
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit also improved, and gross margin strengthened as revenue grew faster than the cost of revenue.
Gross margin takeaway
Quarter ended Oct 31, 2025 · FY2026 Q1
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit also improved, and gross margin strengthened as revenue grew faster than the cost of revenue.
- The sequential decline in cost of revenue combined with revenue growth was the most notable factor in the margin improvement.
- Gross margin for the current quarter was higher than both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.3%
Gross profit
$3.0B
Revenue
$3.9B
Cost of revenue
$883.0M
Quarter-over-quarter change
+0.6 pts
Year-over-year change
+2.3 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, 2025 | $4.0B | $3.0B | $937.0M | 76.4% |
| Apr 30, 2025 | $7.8B | $6.6B | $1.2B | 84.6% |
| Jul 31, 2025 | $3.8B | $2.9B | $894.0M | 76.7% |
| Oct 31, 2025 | $3.9B | $3.0B | $883.0M | 77.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2025
+0.6 pts
Year-over-year change
Oct 31, 2024
+2.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential decline in cost of revenue combined with revenue growth was the most notable factor in the margin improvement.
Gross margin for the current quarter was higher than both the immediately preceding quarter and the same quarter one year earlier.
Monitor the trend of cost of revenue relative to revenue, as its movement directly influences gross margin.