Intuit (INTU) Revenue — Quarter Ended Jul 31, 2024
Revenue for this quarter declined compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential drop was substantial, while the year-over-year gain remained positive.
Key takeaway
Quarter ended Jul 31, 2024 · FY2024 Q4
Revenue for this quarter declined compared to the immediately preceding quarter, but increased compared to the same quarter one year earlier. The sequential drop was substantial, while the year-over-year gain remained positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
-52.7%
Change from the immediately preceding quarter.
Year-over-year
+17.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.3B
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 |
|---|---|---|
| Oct 31, 2023 | $3B | +14.7% |
| Jan 31, 2024 | $3.4B | +11.3% |
| Apr 30, 2024 | $6.7B | +11.9% |
| Jul 31, 2024 | $3.2B | +17.4% |
Revenue performance
The revenue decrease from the preceding quarter was sharp, reflecting a notable shift in quarterly performance. In contrast, the year-over-year comparison showed an improvement, indicating continued growth on an annual basis.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was significantly lower. Against the same quarter one year earlier, revenue was higher, marking a positive annual comparison.
What to watch
The magnitude of the sequential revenue decline from the prior quarter's level is notable and may warrant observation in future periods.