Intuit (INTU) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter increased compared to the prior quarter. It also rose relative to the same period last year.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter. It also rose relative to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
+97.9%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $2.4B | -5.7% |
| Oct 31, 2022 | $2.6B | +29.4% |
| Jan 31, 2023 | $3B | +13.8% |
| Apr 30, 2023 | $6B | +6.9% |
Revenue performance
The sequential increase was substantial, and the company's filings discuss seasonality as a factor.
Quarterly comparison
Compared to the immediate preceding quarter, revenue was sharply higher. Compared to the same three-month period a year ago, revenue also showed an increase.
What to watch
The company's forward-looking statements highlight macroeconomic conditions and seasonality as potential influences on future revenue.