Intuit Inc. stock research
FY2026 Q3
Intuit (INTU) Gross Margin — Quarter Ended Apr 30, 2026
Revenue and gross profit increased compared with the immediately preceding quarter, while cost of revenue also rose; gross margin improved. Relative to the same quarter one year earlier, revenue and gross profit were higher and cost of revenue was higher, but gross margin weakened slightly.
Gross margin takeaway
Quarter ended Apr 30, 2026 · FY2026 Q3
Revenue and gross profit increased compared with the immediately preceding quarter, while cost of revenue also rose; gross margin improved. Relative to the same quarter one year earlier, revenue and gross profit were higher and cost of revenue was higher, but gross margin weakened slightly.
- Gross profit grew faster than cost of revenue relative to the prior quarter, which was the primary observable driver of the margin improvement. The year-ago comparison shows gross profit growth slightly lagging cost-of-revenue growth, explaining the modest margin decline.
- Gross margin was higher than the previous quarter, reflecting an improvement from the prior period's level. Gross margin was lower compared with the same quarter one year earlier, indicating a weakening relative to the prior year period.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
83.9%
Gross profit
$7.2B
Revenue
$8.6B
Cost of revenue
$1.4B
Quarter-over-quarter change
+6.4 pts
Year-over-year change
-0.7 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 |
|---|---|---|---|---|
| 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% |
| Apr 30, 2026 | $8.6B | $7.2B | $1.4B | 83.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2026
+6.4 pts
Year-over-year change
Apr 30, 2025
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit grew faster than cost of revenue relative to the prior quarter, which was the primary observable driver of the margin improvement. The year-ago comparison shows gross profit growth slightly lagging cost-of-revenue growth, explaining the modest margin decline.
Gross margin was higher than the previous quarter, reflecting an improvement from the prior period's level. Gross margin was lower compared with the same quarter one year earlier, indicating a weakening relative to the prior year period.
Monitor whether cost of revenue grows at a rate similar to or faster than revenue, as this relationship directly influences gross margin direction.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Intuit Inc. (INTU) | 83.9% |