Intuit Inc. stock research
FY2026 Q2
Intuit (INTU) Gross Margin — Quarter Ended Jan 31, 2026
In the current quarter, revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier. Gross margin improved relative to both prior periods, as the increase in gross profit outpaced the increase in cost of revenue.
Gross margin takeaway
Quarter ended Jan 31, 2026 · FY2026 Q2
In the current quarter, revenue and gross profit both increased compared to the immediately preceding quarter and the same quarter one year earlier. Gross margin improved relative to both prior periods, as the increase in gross profit outpaced the increase in cost of revenue.
- Gross margin strengthened sequentially and year-over-year, driven by a proportionally larger rise in gross profit relative to cost of revenue. The improvement compared to the prior quarter was moderate, while the year-over-year gain was more notable.
- Compared to the immediately preceding quarter, revenue and gross profit were higher, while gross margin showed a small improvement. Versus the same quarter one year earlier, revenue and gross profit also increased, and gross margin improved more meaningfully.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.6%
Gross profit
$3.6B
Revenue
$4.7B
Cost of revenue
$1.0B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+1.2 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 |
|---|---|---|---|---|
| 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% |
| Jan 31, 2026 | $4.7B | $3.6B | $1.0B | 77.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 31, 2025
+0.3 pts
Year-over-year change
Jan 31, 2025
+1.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin strengthened sequentially and year-over-year, driven by a proportionally larger rise in gross profit relative to cost of revenue. The improvement compared to the prior quarter was moderate, while the year-over-year gain was more notable.
Compared to the immediately preceding quarter, revenue and gross profit were higher, while gross margin showed a small improvement. Versus the same quarter one year earlier, revenue and gross profit also increased, and gross margin improved more meaningfully.
Monitor the trend in cost of revenue relative to revenue growth, as its rate of change directly affects gross margin expansion.