Intuit Historical Income Statement
INTU Stock | USD 635.54 4.66 0.74% |
Historical analysis of Intuit income statement accounts such as Total Revenue of 17.3 B or Gross Profit of 13.6 B can show how well Intuit Inc performed in making a profits. Evaluating Intuit income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Intuit's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Intuit Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Intuit Inc is a good buy for the upcoming year.
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About Intuit Income Statement Analysis
Intuit Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Intuit shareholders. The income statement also shows Intuit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Intuit Income Statement Chart
Intuit Inc Income Statement is one of the three primary financial statements used for reporting Intuit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Intuit Inc revenue and expense. Intuit Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Intuit's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 9.8 B in 2024, whereas Non Recurring is likely to drop slightly above 97.5 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Intuit Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Intuit Inc minus its cost of goods sold. It is profit before Intuit operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Intuit Inc. It is also known as Intuit overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Intuit Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Intuit Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Intuit's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Intuit Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Intuit's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 9.8 B in 2024, whereas Non Recurring is likely to drop slightly above 97.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.3B | 11.2B | 12.9B | 13.6B | Total Revenue | 12.7B | 14.4B | 16.5B | 17.3B |
Intuit income statement Correlations
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Intuit Account Relationship Matchups
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Intuit income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 254M | 448M | 798M | 806M | 926.9M | 973.2M | |
Interest Expense | 14M | 29M | 81M | 248M | 223.2M | 234.4M | |
Total Revenue | 7.7B | 9.6B | 12.7B | 14.4B | 16.5B | 17.3B | |
Gross Profit | 6.3B | 8.0B | 10.3B | 11.2B | 12.9B | 13.6B | |
Other Operating Expenses | 5.5B | 7.1B | 10.2B | 11.2B | 12.9B | 13.6B | |
Operating Income | 2.2B | 2.5B | 2.6B | 3.1B | 3.6B | 3.8B | |
Ebit | 2.2B | 2.5B | 2.6B | 3.2B | 3.7B | 3.9B | |
Ebitda | 2.4B | 2.9B | 3.4B | 4.0B | 4.6B | 4.9B | |
Cost Of Revenue | 1.4B | 1.7B | 2.4B | 3.1B | 3.6B | 3.8B | |
Total Operating Expenses | 4.1B | 5.5B | 7.7B | 8.1B | 9.3B | 9.8B | |
Income Before Tax | 2.2B | 2.6B | 2.5B | 3.0B | 3.4B | 3.6B | |
Total Other Income Expense Net | 22M | 56M | (29M) | (152M) | (136.8M) | (130.0M) | |
Net Income | 1.8B | 2.1B | 2.1B | 2.4B | 2.7B | 2.9B | |
Income Tax Expense | 372M | 494M | 476M | 605M | 695.8M | 730.5M | |
Research Development | 1.4B | 1.7B | 2.3B | 2.5B | 2.9B | 3.1B | |
Selling General Administrative | 679M | 982M | 1.5B | 1.7B | 2.0B | 2.1B | |
Net Income Applicable To Common Shares | 1.8B | 2.1B | 2.1B | 2.4B | 2.7B | 2.9B | |
Selling And Marketing Expenses | 2.0B | 2.6B | 3.5B | 3.3B | 3.8B | 4.0B | |
Net Income From Continuing Ops | 1.8B | 2.1B | 2.1B | 2.4B | 2.7B | 2.9B | |
Tax Provision | 372M | 494M | 476M | 605M | 695.8M | 446.7M | |
Interest Income | 39M | 85M | 52M | 96M | 110.4M | 115.9M | |
Net Interest Income | 25M | 56M | (29M) | (152M) | (136.8M) | (130.0M) | |
Reconciled Depreciation | 218M | 363M | 746M | 806M | 926.9M | 973.2M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Intuit's price analysis, check to measure Intuit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Intuit is operating at the current time. Most of Intuit's value examination focuses on studying past and present price action to predict the probability of Intuit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Intuit's price. Additionally, you may evaluate how the addition of Intuit to your portfolios can decrease your overall portfolio volatility.
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Is Intuit's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Intuit. If investors know Intuit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Intuit listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 3.36 | Earnings Share 9.78 | Revenue Per Share 53.811 | Quarterly Revenue Growth 0.41 |
The market value of Intuit Inc is measured differently than its book value, which is the value of Intuit that is recorded on the company's balance sheet. Investors also form their own opinion of Intuit's value that differs from its market value or its book value, called intrinsic value, which is Intuit's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Intuit's market value can be influenced by many factors that don't directly affect Intuit's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Intuit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Intuit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Intuit's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.