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\nFourth-quarter revenue grew 14 percent, full year fiscal 2026 revenue grew 14 percent<\/p>\n
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– \n\u201cWe surpassed $20 billion in revenue for the full year with growth fueled by our Big Bets which collectively grew 34 percent and represented 30 percent of full-year revenue,\u201d said Sasan Goodarzi, Intuit\u2019s chairman and chief executive officer. \u201cOur strategy is to win as an AI-driven expert platform by creating a financial system of intelligence that increasingly does the work for consumers, businesses, and accountants and helps them accomplish the outcomes that matter most. Looking ahead, we’re focused on scaling our Big Bets, accelerating customer growth, and making deliberate choices to create a stronger foundation for durable long-term growth.\u201d<\/p>\n \nFinancial Highlights<\/p>\n \nFor the full year:<\/p>\n Total revenue increased 14 percent to $21.4 billion.<\/p>\n Global Business Solutions revenue increased 16 percent to $12.9 billion, and Online Ecosystem revenue increased 19 percent to $9.9 billion.<\/p>\n Consumer revenue increased 11 percent to $8.6 billion.<\/p>\n GAAP operating income increased 20 percent to $5.9 billion, and non-GAAP operating income increased 18 percent to $8.9 billion.<\/p>\n GAAP earnings per share increased 20 percent to $16.46, and non-GAAP earnings per share increased 20 percent to $24.27.<\/p>\n \nFor the fourth quarter:<\/p>\n Total revenue increased 14 percent to $4.4 billion.<\/p>\n Global Business Solutions revenue increased 14 percent to $3.4 billion, and Online Ecosystem revenue increased 17 percent to $2.6 billion.<\/p>\n Consumer revenue increased 14 percent to $930 million.<\/p>\n \nUnless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period, and the business metrics and associated growth rates refer to worldwide business metrics.<\/p>\n \n\u201cFiscal 2026 demonstrated the strength of our platform and the growing contribution of our Big Bets,\u201d said Sandeep Aujla, Intuit’s chief financial officer. \u201cAs we look ahead, we are focused on execution and taking a disciplined approach to investments as we scale our Big Bets and accelerate customer growth. We remain committed to delivering durable revenue growth, operating margin expansion, and growing capital returns to shareholders over the long term.\u201d<\/p>\n \nBusiness Segment Results<\/p>\n \nFor the full year:<\/p>\n Global Business Solutions revenue increased 16 percent to $12.9 billion. Excluding Mailchimp, Global Business Solutions revenue increased 18 percent. Online Ecosystem revenue increased 19 percent to $9.9 billion. Excluding Mailchimp, Online Ecosystem revenue increased 23 percent.<\/p>\n QuickBooks Online Accounting revenue increased 23 percent.<\/p>\n Online Services revenue increased 16 percent. Excluding Mailchimp, Online Services revenue grew 24 percent.<\/p>\n Total international online revenue increased 10 percent on a constant currency basis.<\/p>\n Consumer revenue increased 11 percent to $8.6 billion.<\/p>\n TurboTax revenue increased 7 percent to $5.3 billion. TurboTax Live revenue increased 37 percent, representing 53 percent of total TurboTax revenue.<\/p>\n Credit Karma revenue increased 20 percent to $2.6 billion.<\/p>\n ProTax revenue increased 4 percent to $647 million.<\/p>\n \nTurboTax Federal Unit Data<\/p>\n \nUnits in millions<\/p>\n \nFull Fiscal Year \nFull Fiscal Year \nChange \nDesktop Units<\/p>\n \n4.1<\/p>\n \n4.4<\/p>\n \n(7)%<\/p>\n \nOnline Units<\/p>\n \n34.9<\/p>\n \n35.5<\/p>\n \n(2)%<\/p>\n \nTotal U.S. TurboTax Units<\/p>\n \n39.0<\/p>\n \n39.9<\/p>\n \n(2)%<\/p>\n \nFor the fourth quarter:<\/p>\n Global Business Solutions revenue increased 14 percent to $3.4 billion. Excluding Mailchimp, Global Business Solutions revenue increased 15 percent. Online Ecosystem revenue increased 17 percent to $2.6 billion. Excluding Mailchimp, Online Ecosystem revenue increased 20 percent.<\/p>\n QuickBooks Online Accounting revenue increased 20 percent driven by higher effective prices, customer growth, and mix shift.<\/p>\n Online Services revenue increased 15 percent driven by money and payroll. Excluding Mailchimp, Online Services revenue increased 21 percent.<\/p>\n Total international online revenue increased 10 percent on a constant currency basis.<\/p>\n Consumer revenue increased 14 percent to $930 million.<\/p>\n TurboTax revenue increased 3 percent to $153 million.<\/p>\n Credit Karma revenue increased 16 percent to $743 million driven by strength in personal loans, auto insurance, and credit cards.<\/p>\n ProTax revenue increased 6 percent to $34 million.<\/p>\n \nCapital Allocation Summary<\/p>\n Total cash and investments balance was $7.2 billion and total debt was $7.7 billion as of July 31, 2026. In June, we issued $1.75 billion in senior notes which further strengthens our liquidity to address debt maturing in fiscal 2027.<\/p>\n Intuit repurchased $5.5 billion of stock during fiscal year 2026, up 96 percent versus last year, and these repurchases drove a 2 percent reduction in weighted-average diluted shares outstanding as share repurchases more than offset dilution from share-based compensation. The company has a total remaining authorization of $7.9 billion to repurchase shares.<\/p>\n Intuit\u2019s Board approved a quarterly dividend of $1.38 per share, payable on October 16, 2026. This represents a 15 percent increase versus last year.<\/p>\n \nMailchimp Segment Reporting Change<\/p>\n \nEffective August 1, 2026, the company began managing Mailchimp as a separate operating segment from Global Business Solutions. Mailchimp will be a separate reportable segment beginning in fiscal 2027. Additional information can be found on the company’s fact sheet at https:\/\/investors.intuit.com\/financial-information<\/a>.<\/p>\n \nNon-GAAP Reporting Change<\/p>\n \nEffective August 1, 2026, share-based compensation expense will no longer be excluded from Intuit\u2019s non-GAAP financial measures. The company views share-based compensation as a recurring component of the compensation program, and believes including this expense in non-GAAP financial measures reflects core operating results.<\/p>\n \nForward-looking Guidance<\/p>\n \nIntuit announced guidance for the full year fiscal 2027 as well as the first quarter of fiscal 2027. All guidance reflects the Mailchimp segment reporting change as well as the non-GAAP reporting change noted above. The company expects:<\/p>\n \nFull Year Fiscal 2027 Guidance<\/p>\n \n\u00a0<\/p>\n \nGAAP<\/p>\n \nNon-GAAP<\/p>\n \n\u00a0<\/p>\n \nFY27<\/p>\n \nChange<\/p>\n \nFY27<\/p>\n \nChange<\/p>\n \nTotal Revenue<\/p>\n \n$23,279 to $23,512<\/p>\n \n9% to 10%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nGlobal Business Solutions<\/p>\n \n$13,068 to $13,158<\/p>\n \n13% to 14%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nTurboTax<\/p>\n \n$5,377 to $5,453<\/p>\n \n2% to 3%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCredit Karma<\/p>\n \n$2,919 to $2,973<\/p>\n \n11% to 13%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nProTax<\/p>\n \n$659 to $662<\/p>\n \n2%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nConsumer<\/p>\n \n$8,955 to $9,088<\/p>\n \n4% to 6%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nMailchimp<\/p>\n \n$1,256 to $1,266<\/p>\n \n(1)% to 0%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nOperating Income<\/p>\n \n$7,408 to $7,490<\/p>\n \n26% to 27%<\/p>\n \n$8,063 to $8,145(1)<\/p>\n \n17% to 18%<\/p>\n \nDiluted Earnings Per Share<\/p>\n \n$20.12 to $20.36<\/p>\n \n22% to 24%<\/p>\n \n$22.88 to $23.12(1)<\/p>\n \n23% to 24%<\/p>\n \u00a0<\/p>\n \nDollars are in millions, except earnings per share. See \u201cAbout Non-GAAP Financial Measures\u201d below for more information regarding financial measures not prepared in accordance with Generally Accepted Accounting Principles (GAAP).<\/p>\n \u00a0<\/p>\n \n(1) Non-GAAP operating income guidance includes $2,020 million from share-based compensation expense, and non-GAAP diluted earnings per share guidance includes a $5.81 impact from share-based compensation expense.<\/p>\n \nFirst Quarter Fiscal 2027 Guidance<\/p>\n \n\u00a0<\/p>\n \nGAAP<\/p>\n \nNon-GAAP<\/p>\n \n\u00a0<\/p>\n \nQ1FY27<\/p>\n \nChange<\/p>\n \nQ1FY27<\/p>\n \nChange<\/p>\n \nTotal Revenue<\/p>\n \n$4,294 to $4,313<\/p>\n \n11%<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nOperating Income<\/p>\n \n$716 to $729<\/p>\n \n34% to 37%<\/p>\n \n$902 to $915(1)<\/p>\n \n26% to 28%<\/p>\n \nDiluted Earnings Per Share<\/p>\n \n$1.71 to $1.75<\/p>\n \n8% to 10%<\/p>\n \n$2.44 to $2.48(1)<\/p>\n \n30% to 33%<\/p>\n \u00a0<\/p>\n \nDollars are in millions, except earnings per share. See \u201cAbout Non-GAAP Financial Measures\u201d below for more information regarding financial measures not prepared in accordance with Generally Accepted Accounting Principles (GAAP).<\/p>\n \u00a0<\/p>\n \n(1) Non-GAAP operating income guidance includes $521 million from share-based compensation expense, and non-GAAP diluted earnings per share guidance includes a $1.48 impact from share-based compensation expense.<\/p>\n \nConference Call Details<\/p>\n \nIntuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on August 25. The conference call can be heard live at https:\/\/investors.intuit.com\/news-events\/ir-calendar<\/a>. Prepared remarks for the call will be available on Intuit\u2019s website after the call ends.<\/p>\n \nInvestor Day 2027<\/p>\n \nIntuit will host its annual Investor Day on September 17 at 8:00 a.m. Pacific time, at its headquarters in Mountain View, CA. The event can be viewed live at https:\/\/investors.intuit.com\/news-events\/ir-calendar<\/a> and a replay will be available on the Intuit Investor Relations website. The half-day event will include presentations from Sasan Goodarzi, chief executive officer, Sandeep Aujla, chief financial officer, and other leaders.<\/p>\n \nAbout Intuit<\/p>\n \nIntuit<\/a> is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax<\/a>, Credit Karma<\/a>, QuickBooks<\/a>, and Mailchimp<\/a>, and Intuit Enterprise Suite<\/a>, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com<\/a> and find us on social<\/a> for the latest information about Intuit and our products and services.<\/p>\n \nAbout Non-GAAP Financial Measures<\/p>\n \nThis press release and the accompanying tables include non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles, please see the section of the accompanying tables titled “About Non-GAAP Financial Measures” as well as the related Table B1, Table B2, and Table E. A copy of the press release issued by Intuit today can be found on the investor relations page of Intuit’s website.<\/p>\n \nCautions About Forward-looking Statements<\/p>\n \nThis press release contains forward-looking statements, including expectations regarding: forecasts and timing of growth and future financial results of Intuit and its reporting segments; Intuit\u2019s prospects for the business in fiscal 2027 and beyond; Intuit\u2019s growth outside the US; timing and growth of revenue from current or future products, features, and services; innovation across our ecosystem; demand for our products; customer growth and retention; Intuit’s corporate tax rate; changes to our products, including the impact of artificial intelligence (AI); the amount and timing of any future dividends or share repurchases; our capital structure; our share-based compensation expense; availability of our offerings; and the impact of strategic decisions on our business; as well as all of the statements under the heading “Forward-looking Guidance.”<\/p>\n \nBecause these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the effects of global developments and conditions or events, including macroeconomic uncertainty and geopolitical conditions, which have caused significant global economic instability and uncertainty. Given these risks and uncertainties, persons reading this communication are cautioned not to place any undue reliance on such forward-looking statements. These factors include, without limitation, the following: our ability to realize the anticipated benefits of our restructuring plan (Plan); risks related to the preliminary nature of the estimate of the charges to be incurred in connection with the Plan, which is subject to change; risks related to any delays in the timing for implementing the Plan or potential disruptions to our business or operations as we execute on the Plan; our ability to compete successfully; potential governmental encroachment in our tax business; our ability to develop, deploy, and use AI in our platform and offerings; our ability to adapt to technological change and to successfully extend our platform; our ability to predict consumer behavior; our ability to anticipate and solve new and existing customer problems; our reliance on intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with our environmental, social, and governance efforts; risks associated with acquisition and divestiture activity; the issuance of equity or incurrence of debt to fund acquisitions or for general business purposes; cybersecurity incidents (including those affecting the third parties we rely on); customer or regulator concerns about privacy and cybersecurity incidents; fraudulent activities by third parties, including through the use of AI; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent and the success of our hybrid work model; our ability to effectively develop and deploy AI in our offerings; any deficiency in the quality or accuracy of our offerings (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; risks associated with climate change; changes to, and evolving interpretations of public policy, laws, or regulations affecting our businesses; allegations of legal claims and legal proceedings in which we are involved; fluctuations in the results of our tax business due to seasonality and other factors beyond our control; changes in tax rates and tax reform legislation; global economic conditions (including, without limitation, inflation); exposure to credit, counterparty, and other risks in providing capital to businesses; amortization of acquired intangible assets and impairment charges; our ability to repay or otherwise comply with the terms of our outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; and our ability to successfully market our offerings.<\/p>\n \nMore details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2025 and in our other SEC filings. You can locate these reports through our website at https:\/\/investors.intuit.com<\/a>. First-quarter and full-year fiscal 2027 guidance speaks only as of the date it was publicly issued by Intuit. Other forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. Except as required by law, we do not undertake any duty to update any forward-looking statement or other information in this presentation.<\/p>\n \u00a0<\/p>\n \nTABLE A<\/p>\n \nINTUIT INC.<\/p>\n \nGAAP CONSOLIDATED STATEMENTS OF OPERATIONS<\/p>\n \n(In millions, except per share amounts)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nThree Months Ended<\/p>\n \n\u00a0<\/p>\n \nTwelve Months Ended<\/p>\n \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNet revenue:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nService<\/p>\n \n$<\/p>\n \n3,783<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,291<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n18,911<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16,400<\/p>\n \n\u00a0<\/p>\n \nProduct and other<\/p>\n \n\u00a0<\/p>\n \n571<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n540<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,537<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,431<\/p>\n \n\u00a0<\/p>\n \nTotal net revenue<\/p>\n \n\u00a0<\/p>\n \n4,354<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,831<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n21,448<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n18,831<\/p>\n \n\u00a0<\/p>\n \nCosts and expenses:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCost of revenue:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCost of service revenue<\/p>\n \n\u00a0<\/p>\n \n894<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n834<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,016<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,624<\/p>\n \n\u00a0<\/p>\n \nCost of product and other revenue<\/p>\n \n\u00a0<\/p>\n \n16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n63<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n68<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n174<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \nSelling and marketing<\/p>\n \n\u00a0<\/p>\n \n1,264<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,251<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,534<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,035<\/p>\n \n\u00a0<\/p>\n \nResearch and development<\/p>\n \n\u00a0<\/p>\n \n857<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n801<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,376<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,928<\/p>\n \n\u00a0<\/p>\n \nGeneral and administrative<\/p>\n \n\u00a0<\/p>\n \n391<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n424<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,623<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,601<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n485<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n481<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \nTotal costs and expenses [A]<\/p>\n \n\u00a0<\/p>\n \n3,879<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,492<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15,564<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13,908<\/p>\n \n\u00a0<\/p>\n \nOperating income<\/p>\n \n\u00a0<\/p>\n \n475<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n339<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,884<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,923<\/p>\n \n\u00a0<\/p>\n \nInterest expense<\/p>\n \n\u00a0<\/p>\n \n(70<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(59<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(256<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(247<\/p>\n \n)<\/p>\n \nInterest and other income, net<\/p>\n \n\u00a0<\/p>\n \n135<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n86<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n389<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n158<\/p>\n \n\u00a0<\/p>\n \nIncome before income taxes<\/p>\n \n\u00a0<\/p>\n \n540<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n366<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,017<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4,834<\/p>\n \n\u00a0<\/p>\n \nIncome tax (benefit) provision [B]<\/p>\n \n\u00a0<\/p>\n \n177<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(15<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,451<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n965<\/p>\n \n\u00a0<\/p>\n \nNet income<\/p>\n \n$<\/p>\n \n363<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n381<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,566<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,869<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nBasic net income per share<\/p>\n \n$<\/p>\n \n1.34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.36<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16.53<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n13.82<\/p>\n \n\u00a0<\/p>\n \nShares used in basic per share calculations<\/p>\n \n\u00a0<\/p>\n \n272<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n279<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n276<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nDiluted net income per share<\/p>\n \n$<\/p>\n \n1.34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.35<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16.46<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n13.67<\/p>\n \n\u00a0<\/p>\n \nShares used in diluted per share calculations<\/p>\n \n\u00a0<\/p>\n \n272<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n282<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n277<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \u00a0<\/p>\n \nSee accompanying Notes.<\/p>\n \nINTUIT INC.<\/p>\n \nNOTES TO TABLE A<\/p>\n \u00a0<\/p>\n \n[A]<\/p>\n \nThe following table summarizes the total share-based compensation expense that we recorded in operating income for the periods shown.<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nThree Months Ended<\/p>\n \n\u00a0<\/p>\n \nTwelve Months Ended<\/p>\n \n(In millions)<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \nCost of revenue<\/p>\n \n$<\/p>\n \n93<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n101<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n371<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n423<\/p>\n \nSelling and marketing<\/p>\n \n\u00a0<\/p>\n \n144<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n137<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n587<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n541<\/p>\n \nResearch and development<\/p>\n \n\u00a0<\/p>\n \n174<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n159<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n706<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n629<\/p>\n \nGeneral and administrative<\/p>\n \n\u00a0<\/p>\n \n96<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n93<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n392<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n375<\/p>\n \nTotal share-based compensation expense<\/p>\n \n$<\/p>\n \n507<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n490<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,056<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,968<\/p>\n \u00a0<\/p>\n \n[B]<\/p>\n \nWe recognized tax shortfalls on share-based compensation of $43 million in our provision for income taxes for the twelve months ended July 31, 2026. We recognized excess tax benefits on share-based compensation of $143 million in our provision for income taxes for the twelve months ended July 31, 2025.<\/p>\n \u00a0<\/p>\n \nOur effective tax rate for the twelve months ended July 31, 2026 was approximately 24%. This rate differed from the federal statutory rate of 21% primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the benefit we received from the federal research and experimentation credit.<\/p>\n \u00a0<\/p>\n \nOur effective tax rate for the twelve months ended July 31, 2025 was approximately 20%. Excluding certain tax benefits primarily related to share-based compensation, our effective tax rate was approximately 24%. This rate differed from the federal statutory rate of 21% primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the benefit we received from the federal research and experimentation credit.<\/p>\n \u00a0<\/p>\n \nIn the current global tax policy environment, the U.S. and other domestic and foreign governments continue to consider, and in some cases enact, changes in corporate tax laws. As changes occur, we account for finalized legislation in the period of enactment.<\/p>\n \u00a0<\/p>\n \nTABLE B1<\/p>\n \nINTUIT INC.<\/p>\n \nRECONCILIATION OF NON-GAAP FINANCIAL MEASURES<\/p>\n \nTO MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES<\/p>\n \n(In millions, except per share amounts)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nFiscal 2026<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nFull Year<\/p>\n \nGAAP operating income (loss)<\/p>\n \n$<\/p>\n \n534<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n855<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,020<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n475<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n5,884<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n174<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n122<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n485<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n543<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n521<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n485<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n507<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,056<\/p>\n \n\u00a0<\/p>\n \nNon-GAAP operating income (loss)<\/p>\n \n$<\/p>\n \n1,258<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,549<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,680<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,448<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n8,935<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nGAAP net income (loss)<\/p>\n \n$<\/p>\n \n446<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n693<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,064<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n363<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,566<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n174<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n122<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n485<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n293<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n43<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n543<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n521<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n485<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n507<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,056<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on debt securities and other investments [A]<\/p>\n \n\u00a0<\/p>\n \n(34<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(29<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(44<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(67<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(174<\/p>\n \n)<\/p>\n \nNet (gain) loss on executive deferred compensation plan assets<\/p>\n \n\u00a0<\/p>\n \n(15<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(8<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(9<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(8<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(40<\/p>\n \n)<\/p>\n \nNet (gain) loss on disposal of a business<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4<\/p>\n \n\u00a0<\/p>\n \nIncome tax effects and adjustments [B]<\/p>\n \n\u00a0<\/p>\n \n(182<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(190<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(134<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(169<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(675<\/p>\n \n)<\/p>\n \nNon-GAAP net income (loss)<\/p>\n \n$<\/p>\n \n939<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,160<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,536<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,097<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n6,732<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nGAAP diluted net income (loss) per share<\/p>\n \n$<\/p>\n \n1.59<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2.48<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n11.09<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n16.46<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.63<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n0.43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.75<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.08<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.06<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n0.05<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.03<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.04<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.03<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.15<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n1.93<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.86<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.76<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.86<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7.42<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on debt securities and other investments [A]<\/p>\n \n\u00a0<\/p>\n \n(0.12<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.10<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.16<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.25<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.63<\/p>\n \n)<\/p>\n \nNet (gain) loss on executive deferred compensation plan assets<\/p>\n \n\u00a0<\/p>\n \n(0.05<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.03<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.03<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.03<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.14<\/p>\n \n)<\/p>\n \nNet (gain) loss on disposal of a business<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.01<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.02<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \nIncome tax effects and adjustments [B]<\/p>\n \n\u00a0<\/p>\n \n(0.65<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.68<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.49<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.62<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2.44<\/p>\n \n)<\/p>\n \nNon-GAAP diluted net income (loss) per share<\/p>\n \n$<\/p>\n \n3.34<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4.15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n12.80<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4.03<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n24.27<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nShares used in GAAP diluted per share calculations<\/p>\n \n\u00a0<\/p>\n \n281<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n276<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n272<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n277<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nShares used in non-GAAP diluted per share calculations<\/p>\n \n\u00a0<\/p>\n \n281<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n276<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n272<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n277<\/p>\n \n\u00a0<\/p>\n \n[A]<\/p>\n During the three months ended October 31, 2025, January 31, 2026, April 30, 2026, and July 31, 2026, we recognized $34 million, $31 million, $46 million, and $69 million, respectively, in net gains on other long-term investments.<\/p>\n \u00a0<\/p>\n \n[B]<\/p>\n As discussed in \u201cAbout Non-GAAP Financial Measures – Income Tax Effects and Adjustments\u201d following Table E, our long-term non-GAAP tax rate eliminates the effects of non-recurring and period-specific items. Income tax adjustments consist primarily of the tax impact of the non-GAAP pre-tax adjustments and tax effects related to share-based compensation.<\/p>\n \u00a0<\/p>\n \nSee \u201cAbout Non-GAAP Financial Measures\u201d immediately following Table E for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure.<\/p>\n \u00a0<\/p>\n \nTABLE B2<\/p>\n \nINTUIT INC.<\/p>\n \nRECONCILIATION OF NON-GAAP FINANCIAL MEASURES<\/p>\n \nTO MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES<\/p>\n \n(In millions, except per share amounts)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nFiscal 2025<\/p>\n \n\u00a0<\/p>\n \nQ1<\/p>\n \n\u00a0<\/p>\n \nQ2<\/p>\n \n\u00a0<\/p>\n \nQ3<\/p>\n \n\u00a0<\/p>\n \nQ4<\/p>\n \n\u00a0<\/p>\n \nFull Year<\/p>\n \nGAAP operating income (loss)<\/p>\n \n$<\/p>\n \n271<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n593<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,720<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n339<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,923<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n38<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n481<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \nProfessional fees for business combinations<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(7<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n21<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n511<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n498<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n469<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n490<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,968<\/p>\n \n\u00a0<\/p>\n \nNon-GAAP operating income (loss)<\/p>\n \n$<\/p>\n \n953<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,260<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,343<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1,016<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n7,572<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nGAAP net income (loss)<\/p>\n \n$<\/p>\n \n197<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n471<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,820<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n381<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,869<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n37<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n38<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n44<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n156<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n120<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n121<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n481<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n9<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n4<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n15<\/p>\n \n\u00a0<\/p>\n \nProfessional fees for business combinations<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n5<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n8<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(7<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n21<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n511<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n498<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n469<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n490<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,968<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on debt securities and other investments [A]<\/p>\n \n\u00a0<\/p>\n \n42<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n45<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan assets<\/p>\n \n\u00a0<\/p>\n \n(4<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(7<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(20<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(24<\/p>\n \n)<\/p>\n \nIncome tax effects and adjustments [B]<\/p>\n \n\u00a0<\/p>\n \n(208<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(196<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(172<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(260<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(836<\/p>\n \n)<\/p>\n \nNon-GAAP net income (loss)<\/p>\n \n$<\/p>\n \n709<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n938<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,280<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n776<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n5,703<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nGAAP diluted net income (loss) per share<\/p>\n \n$<\/p>\n \n0.70<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.67<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n10.02<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.35<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n13.67<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired technology<\/p>\n \n\u00a0<\/p>\n \n0.13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.13<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.55<\/p>\n \n\u00a0<\/p>\n \nAmortization of other acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n0.42<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.42<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.43<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.70<\/p>\n \n\u00a0<\/p>\n \nRestructuring<\/p>\n \n\u00a0<\/p>\n \n0.03<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.05<\/p>\n \n\u00a0<\/p>\n \nProfessional fees for business combinations<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan liabilities<\/p>\n \n\u00a0<\/p>\n \n0.02<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.03<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.02<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.07<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.10<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n1.80<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.76<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.66<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1.74<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6.95<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on debt securities and other investments [A]<\/p>\n \n\u00a0<\/p>\n \n0.15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.01<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.01<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.16<\/p>\n \n\u00a0<\/p>\n \nNet (gain) loss on executive deferred compensation plan assets<\/p>\n \n\u00a0<\/p>\n \n(0.02<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.02<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n0.02<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.07<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.09<\/p>\n \n)<\/p>\n \nIncome tax effects and adjustments [B]<\/p>\n \n\u00a0<\/p>\n \n(0.73<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.69<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.61<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(0.92<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2.95<\/p>\n \n)<\/p>\n \nNon-GAAP diluted net income (loss) per share<\/p>\n \n$<\/p>\n \n2.50<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3.32<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n11.65<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2.75<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n20.15<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nShares used in GAAP diluted per share calculations<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n282<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n282<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nShares used in non-GAAP diluted per share calculations<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n282<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n282<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n283<\/p>\n \n\u00a0<\/p>\n \n[A]<\/p>\n During the three months ended October 31, 2024, we recognized a $42 million net loss on other long-term investments.<\/p>\n \u00a0<\/p>\n \n[B]<\/p>\n As discussed in \u201cAbout Non-GAAP Financial Measures – Income Tax Effects and Adjustments\u201d following Table E, our long-term non-GAAP tax rate eliminates the effects of non-recurring and period-specific items. Income tax adjustments consist primarily of the tax impact of the non-GAAP pre-tax adjustments and tax effects related to share-based compensation.<\/p>\n \u00a0<\/p>\n \nSee \u201cAbout Non-GAAP Financial Measures\u201d immediately following Table E for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure.<\/p>\n \u00a0<\/p>\n \nTABLE C<\/p>\n \nINTUIT INC.<\/p>\n \nCONDENSED CONSOLIDATED BALANCE SHEETS<\/p>\n \n(In millions)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nASSETS<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCurrent assets:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCash and cash equivalents<\/p>\n \n$<\/p>\n \n4,705<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,884<\/p>\n \nInvestments<\/p>\n \n\u00a0<\/p>\n \n2,495<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,668<\/p>\n \nAccounts receivable, net<\/p>\n \n\u00a0<\/p>\n \n625<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n530<\/p>\n \nNotes receivable held for investment<\/p>\n \n\u00a0<\/p>\n \n1,468<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,403<\/p>\n \nNotes receivable held for sale<\/p>\n \n\u00a0<\/p>\n \n179<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \nIncome taxes receivable<\/p>\n \n\u00a0<\/p>\n \n124<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n50<\/p>\n \nPrepaid expenses and other current assets<\/p>\n \n\u00a0<\/p>\n \n677<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n496<\/p>\n \nCurrent assets before funds receivable and amounts held for customers<\/p>\n \n\u00a0<\/p>\n \n10,273<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7,031<\/p>\n \nFunds receivable and amounts held for customers<\/p>\n \n\u00a0<\/p>\n \n5,038<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7,076<\/p>\n \nTotal current assets<\/p>\n \n\u00a0<\/p>\n \n15,311<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n14,107<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLong-term investments<\/p>\n \n\u00a0<\/p>\n \n248<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n94<\/p>\n \nProperty and equipment, net<\/p>\n \n\u00a0<\/p>\n \n1,023<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n961<\/p>\n \nOperating lease right-of-use assets<\/p>\n \n\u00a0<\/p>\n \n609<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n541<\/p>\n \nGoodwill<\/p>\n \n\u00a0<\/p>\n \n13,981<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n13,980<\/p>\n \nAcquired intangible assets, net<\/p>\n \n\u00a0<\/p>\n \n4,642<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,302<\/p>\n \nLong-term deferred income tax assets<\/p>\n \n\u00a0<\/p>\n \n172<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,222<\/p>\n \nOther assets<\/p>\n \n\u00a0<\/p>\n \n800<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n751<\/p>\n \nTotal assets<\/p>\n \n$<\/p>\n \n36,786<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n36,958<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCurrent liabilities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nShort-term debt<\/p>\n \n$<\/p>\n \n1,249<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \nAccounts payable<\/p>\n \n\u00a0<\/p>\n \n873<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n792<\/p>\n \nAccrued compensation and related liabilities<\/p>\n \n\u00a0<\/p>\n \n1,068<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n858<\/p>\n \nDeferred revenue<\/p>\n \n\u00a0<\/p>\n \n1,072<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,019<\/p>\n \nOther current liabilities<\/p>\n \n\u00a0<\/p>\n \n863<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n625<\/p>\n \nCurrent liabilities before funds payable and amounts due to customers<\/p>\n \n\u00a0<\/p>\n \n5,125<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,294<\/p>\n \nFunds payable and amounts due to customers<\/p>\n \n\u00a0<\/p>\n \n5,038<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7,076<\/p>\n \nTotal current liabilities<\/p>\n \n\u00a0<\/p>\n \n10,163<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n10,370<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nLong-term debt<\/p>\n \n\u00a0<\/p>\n \n6,420<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n5,973<\/p>\n \nLong-term deferred income tax liabilities<\/p>\n \n\u00a0<\/p>\n \n239<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n20<\/p>\n \nOperating lease liabilities<\/p>\n \n\u00a0<\/p>\n \n667<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n597<\/p>\n \nOther long-term obligations<\/p>\n \n\u00a0<\/p>\n \n305<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n288<\/p>\n \nTotal liabilities<\/p>\n \n\u00a0<\/p>\n \n17,794<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n17,248<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nStockholders\u2019 equity<\/p>\n \n\u00a0<\/p>\n \n18,992<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n19,710<\/p>\n \nTotal liabilities and stockholders\u2019 equity<\/p>\n \n$<\/p>\n \n36,786<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n36,958<\/p>\n \u00a0<\/p>\n \nTABLE D<\/p>\n \nINTUIT INC.<\/p>\n \nCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/p>\n \n(In millions)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nTwelve Months Ended<\/p>\n \n\u00a0<\/p>\n \nJuly 31, \n\u00a0<\/p>\n \nJuly 31, \nCash flows from operating activities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNet income<\/p>\n \n$<\/p>\n \n4,566<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n3,869<\/p>\n \n\u00a0<\/p>\n \nAdjustments to reconcile net income to net cash provided by operating activities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nDepreciation<\/p>\n \n\u00a0<\/p>\n \n187<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n172<\/p>\n \n\u00a0<\/p>\n \nAmortization of acquired intangible assets<\/p>\n \n\u00a0<\/p>\n \n659<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n637<\/p>\n \n\u00a0<\/p>\n \nNon-cash operating lease cost<\/p>\n \n\u00a0<\/p>\n \n106<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n75<\/p>\n \n\u00a0<\/p>\n \nShare-based compensation expense<\/p>\n \n\u00a0<\/p>\n \n2,056<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n1,968<\/p>\n \n\u00a0<\/p>\n \nProvision for expected credit losses<\/p>\n \n\u00a0<\/p>\n \n237<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n134<\/p>\n \n\u00a0<\/p>\n \nDeferred income taxes<\/p>\n \n\u00a0<\/p>\n \n1,279<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(435<\/p>\n \n)<\/p>\n \nOther<\/p>\n \n\u00a0<\/p>\n \n(248<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(7<\/p>\n \n)<\/p>\n \nTotal adjustments<\/p>\n \n\u00a0<\/p>\n \n4,276<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,544<\/p>\n \n\u00a0<\/p>\n \nChanges in operating assets and liabilities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nAccounts receivable<\/p>\n \n\u00a0<\/p>\n \n(95<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(71<\/p>\n \n)<\/p>\n \nIncome taxes receivable<\/p>\n \n\u00a0<\/p>\n \n(74<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n27<\/p>\n \n\u00a0<\/p>\n \nPrepaid expenses and other assets<\/p>\n \n\u00a0<\/p>\n \n(221<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(283<\/p>\n \n)<\/p>\n \nAccounts payable<\/p>\n \n\u00a0<\/p>\n \n63<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n73<\/p>\n \n\u00a0<\/p>\n \nAccrued compensation and related liabilities<\/p>\n \n\u00a0<\/p>\n \n202<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(64<\/p>\n \n)<\/p>\n \nDeferred revenue<\/p>\n \n\u00a0<\/p>\n \n51<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n142<\/p>\n \n\u00a0<\/p>\n \nOperating lease liabilities<\/p>\n \n\u00a0<\/p>\n \n(93<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(77<\/p>\n \n)<\/p>\n \nOther liabilities<\/p>\n \n\u00a0<\/p>\n \n163<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n47<\/p>\n \n\u00a0<\/p>\n \nTotal changes in operating assets and liabilities<\/p>\n \n\u00a0<\/p>\n \n(4<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(206<\/p>\n \n)<\/p>\n \nNet cash provided by operating activities<\/p>\n \n\u00a0<\/p>\n \n8,838<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,207<\/p>\n \n\u00a0<\/p>\n \nCash flows from investing activities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nPurchases of corporate and customer fund investments<\/p>\n \n\u00a0<\/p>\n \n(3,892<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,363<\/p>\n \n)<\/p>\n \nSales of corporate and customer fund investments<\/p>\n \n\u00a0<\/p>\n \n547<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n320<\/p>\n \n\u00a0<\/p>\n \nMaturities of corporate and customer fund investments<\/p>\n \n\u00a0<\/p>\n \n2,554<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n864<\/p>\n \n\u00a0<\/p>\n \nPurchases of property and equipment<\/p>\n \n\u00a0<\/p>\n \n(221<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(124<\/p>\n \n)<\/p>\n \nAcquisitions of businesses, net of cash acquired<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(184<\/p>\n \n)<\/p>\n \nOriginations and purchases of notes receivable held for investment<\/p>\n \n\u00a0<\/p>\n \n(6,755<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(3,992<\/p>\n \n)<\/p>\n \nSales of notes receivable originally classified as held for investment<\/p>\n \n\u00a0<\/p>\n \n2,210<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n562<\/p>\n \n\u00a0<\/p>\n \nPrincipal repayments of notes receivable held for investment<\/p>\n \n\u00a0<\/p>\n \n4,253<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,706<\/p>\n \n\u00a0<\/p>\n \nOther<\/p>\n \n\u00a0<\/p>\n \n(108<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(107<\/p>\n \n)<\/p>\n \nNet cash used in investing activities<\/p>\n \n\u00a0<\/p>\n \n(1,412<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,318<\/p>\n \n)<\/p>\n \nCash flows from financing activities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nProceeds from issuance of long-term debt, net of discount and issuance costs<\/p>\n \n\u00a0<\/p>\n \n1,736<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nRepayments of debt<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(500<\/p>\n \n)<\/p>\n \nProceeds from borrowings under secured revolving credit facilities<\/p>\n \n\u00a0<\/p>\n \n186<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n429<\/p>\n \n\u00a0<\/p>\n \nRepayments on borrowings under secured revolving credit facilities<\/p>\n \n\u00a0<\/p>\n \n(230<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \nProceeds from issuance of stock under employee stock plans<\/p>\n \n\u00a0<\/p>\n \n180<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n398<\/p>\n \n\u00a0<\/p>\n \nPayments for employee taxes withheld upon vesting of restricted stock units<\/p>\n \n\u00a0<\/p>\n \n(709<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(982<\/p>\n \n)<\/p>\n \nCash paid for purchases of treasury stock<\/p>\n \n\u00a0<\/p>\n \n(5,412<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(2,772<\/p>\n \n)<\/p>\n \nDividends and dividend rights paid<\/p>\n \n\u00a0<\/p>\n \n(1,347<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,189<\/p>\n \n)<\/p>\n \nNet change in funds receivable and funds payable and amounts due to customers<\/p>\n \n\u00a0<\/p>\n \n(2,086<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3,107<\/p>\n \n\u00a0<\/p>\n \nOther<\/p>\n \n\u00a0<\/p>\n \n(7<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1<\/p>\n \n)<\/p>\n \nNet cash used in financing activities<\/p>\n \n\u00a0<\/p>\n \n(7,689<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n(1,510<\/p>\n \n)<\/p>\n \nEffect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents<\/p>\n \n\u00a0<\/p>\n \n(2<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n3<\/p>\n \n\u00a0<\/p>\n \nNet increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents<\/p>\n \n\u00a0<\/p>\n \n(265<\/p>\n \n)<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n2,382<\/p>\n \n\u00a0<\/p>\n \nCash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period<\/p>\n \n\u00a0<\/p>\n \n9,481<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n7,099<\/p>\n \n\u00a0<\/p>\n \nCash, cash equivalents, restricted cash, and restricted cash equivalents at end of period<\/p>\n \n$<\/p>\n \n9,216<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n9,481<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nReconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within the consolidated balance sheets to the total amounts reported on the consolidated statements of cash flows<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nCash and cash equivalents<\/p>\n \n$<\/p>\n \n4,705<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2,884<\/p>\n \n\u00a0<\/p>\n \nRestricted cash and restricted cash equivalents included in funds receivable and amounts held for customers<\/p>\n \n\u00a0<\/p>\n \n4,511<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n6,597<\/p>\n \n\u00a0<\/p>\n \nTotal cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period<\/p>\n \n$<\/p>\n \n9,216<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n9,481<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nSupplemental disclosure of cash flow information:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nInterest paid<\/p>\n \n$<\/p>\n \n295<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n284<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nSupplemental schedule of non-cash investing and financing activities:<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nTransfers of notes receivable originated or purchased as held for investment to held for sale<\/p>\n \n$<\/p>\n \n2,348<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n546<\/p>\n \n\u00a0<\/p>\n \nRetirement of treasury stock<\/p>\n \n$<\/p>\n \n27,006<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \u00a0<\/p>\n \nTABLE E<\/p>\n \nINTUIT INC.<\/p>\n \nRECONCILIATION OF FORWARD-LOOKING GUIDANCE FOR NON-GAAP FINANCIAL MEASURES TO PROJECTED GAAP REVENUE, OPERATING INCOME, AND EPS<\/p>\n \n(In millions, except per share amounts)<\/p>\n \n(Unaudited)<\/p>\n \u00a0<\/p>\n \n\u00a0<\/p>\n \nForward-Looking Guidance<\/p>\n \n\u00a0<\/p>\n \nGAAP<\/p>\n \nRange of Estimate<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nNon-GAAP<\/p>\n \nRange of Estimate<\/p>\n \n\u00a0<\/p>\n \nFrom<\/p>\n \n\u00a0<\/p>\n \nTo<\/p>\n \n\u00a0<\/p>\n \nAdjmts<\/p>\n \n\u00a0<\/p>\n \nFrom<\/p>\n \n\u00a0<\/p>\n \nTo<\/p>\n \nThree Months Ending October 31, 2026<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nRevenue<\/p>\n \n$<\/p>\n \n4,294<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,313<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,294<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n4,313<\/p>\n \nOperating income<\/p>\n \n$<\/p>\n \n716<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n729<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n186<\/p>\n \n[a]<\/p>\n \n$<\/p>\n \n902<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n915<\/p>\n \nDiluted earnings per share<\/p>\n \n$<\/p>\n \n1.71<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n1.75<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n0.73<\/p>\n \n[b]<\/p>\n \n$<\/p>\n \n2.44<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2.48<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nTwelve Months Ending July 31, 2027<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n \nRevenue<\/p>\n \n$<\/p>\n \n23,279<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n23,512<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n\u2014<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n23,279<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n23,512<\/p>\n \nOperating income<\/p>\n \n$<\/p>\n \n7,408<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n7,490<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n655<\/p>\n \n[c]<\/p>\n \n$<\/p>\n \n8,063<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n8,145<\/p>\n \nDiluted earnings per share<\/p>\n \n$<\/p>\n \n20.12<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n20.36<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n2.76<\/p>\n \n[d]<\/p>\n \n$<\/p>\n \n22.88<\/p>\n \n\u00a0<\/p>\n \n$<\/p>\n \n23.12<\/p>\n \nSee \u201cAbout Non-GAAP Financial Measures\u201d immediately following Table E for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. Beginning in the first quarter of fiscal 2027, our non-GAAP financial measures will no longer exclude share-based compensation expense. The GAAP and Non-GAAP financial measures above are inclusive of $521 million and $2.0 billion of share-based compensation expense for the three months ending October 31, 2026, and the twelve months ended July 31, 2027, respectively.<\/p>\n \u00a0<\/p>\n \n[a]<\/p>\n Reflects estimated adjustments for amortization of other acquired intangible assets of approximately $121 million; amortization of acquired technology of approximately $43 million; and restructuring charges of approximately $22 million.<\/p>\n \u00a0<\/p>\n \n[b]<\/p>\n Reflects estimated adjustments in item [a], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate.<\/p>\n \u00a0<\/p>\n \n[c]<\/p>\n Reflects estimated adjustments for amortization of other acquired intangible assets of approximately $483 million; amortization of acquired technology of approximately $150 million; and restructuring charges of approximately $22 million.<\/p>\n \u00a0<\/p>\n \n[d]<\/p>\n Reflects estimated adjustments in item [c], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate.<\/p>\n \nINTUIT INC. \nThe accompanying press release dated August 25, 2026 contains non-GAAP financial measures. Table B1, Table B2, and Table E reconcile the non-GAAP financial measures in that press release to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures include non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP diluted net income (loss) per share.<\/p>\n \nNon-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies.<\/p>\n \nWe compute non-GAAP financial measures using the same consistent method from quarter to quarter and year to year. We may consider whether other significant items that arise in the future should be excluded from our non-GAAP financial measures. Beginning in the first quarter of fiscal 2027, our non-GAAP financial measures will no longer exclude share-based compensation expense. Share-based compensation is a recurring component of our compensation program, and we believe including this expense in our non-GAAP financial measures reflects our core operating results.<\/p>\n \nWe exclude the following items from all of our non-GAAP financial measures:<\/p>\n Amortization of acquired technology<\/p>\n Amortization of other acquired intangible assets<\/p>\n Restructuring charges<\/p>\n Share-based compensation expense(1)<\/p>\n Gains and losses on executive deferred compensation plan liabilities<\/p>\n Goodwill and intangible asset impairment charges<\/p>\n Gains and losses on disposals of businesses and long-lived assets<\/p>\n Professional fees and transaction costs for business combinations<\/p>\n \nWe also exclude the following items from non-GAAP net income (loss) and diluted net income (loss) per share:<\/p>\n Gains and losses on debt securities and other investments<\/p>\n Gains and losses on executive deferred compensation plan assets<\/p>\n Income tax effects and adjustments<\/p>\n Discontinued operations<\/p>\n (1) Historical results in Tables B1 and B2 exclude share-based compensation expense from our non-GAAP financial measures. Forward-looking guidance for fiscal 2027 in Table E includes share-based compensation expense in our non-GAAP financial measures.<\/p>\n \nWe believe these non-GAAP financial measures provide meaningful supplemental information regarding Intuit\u2019s operating results primarily because they exclude amounts that we do not consider part of ongoing operating results when planning and forecasting and when assessing the performance of the organization, our individual operating segments, or our senior management. Segment managers are not held accountable for share-based compensation expense, amortization, restructuring, or the other excluded items and, accordingly, we exclude these amounts from our measures of segment performance. We believe our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods.<\/p>\n \nThe following are descriptions of the items we exclude from our non-GAAP financial measures.<\/p>\n \nAmortization of acquired technology and amortization of other acquired intangible assets. When we acquire a business in a business combination, we are required by GAAP to record the fair values of the intangible assets of the business and amortize them over their useful lives. Amortization of acquired technology in cost of revenue includes amortization of software and other technology assets of acquired businesses. Amortization of other acquired intangible assets in operating expenses includes amortization of assets such as customer and user relationships and trade names and logos.<\/p>\n \nRestructuring charges. This consists of costs incurred as a direct result of discrete strategic restructuring actions, including, but not limited to severance and other one-time termination benefits, and other costs, which are different in terms of size, strategic nature, and frequency than ongoing productivity and business improvements.<\/p>\n \nShare-based compensation expense. This consists of non-cash expenses for stock options, restricted stock units, and our Employee Stock Purchase Plan. When considering the impact of equity awards, we place greater emphasis on overall shareholder dilution rather than the accounting charges associated with those awards.<\/p>\n \nGains and losses on executive deferred compensation plan liabilities. We exclude from our non-GAAP financial measures gains and losses on the revaluation of our executive deferred compensation plan liabilities.<\/p>\n \nGoodwill and intangible asset impairment charges. We exclude from our non-GAAP financial measures non-cash charges to adjust the carrying values of goodwill and other acquired intangible assets to their estimated fair values.<\/p>\n \nGains and losses on disposals of businesses and long-lived assets. We exclude from our non-GAAP financial measures gains and losses on disposals of businesses and long-lived assets because they are unrelated to our ongoing business operating results.<\/p>\n \nProfessional fees and transaction costs for business combinations. We exclude from our non-GAAP financial measures the professional fees we incur to complete business combinations. These include investment banking, legal, and accounting fees.<\/p>\n \nGains and losses on debt securities and other investments. We exclude from our non-GAAP financial measures credit losses on available-for-sale debt securities and gains and losses on other investments.<\/p>\n \nGains and losses on executive deferred compensation plan assets. We exclude from our non-GAAP financial measures gains and losses on the revaluation of our executive deferred compensation plan assets.<\/p>\n \nIncome tax effects and adjustments. We use a long-term non-GAAP tax rate for evaluating operating results and for planning, forecasting, and analyzing future periods. This long-term non-GAAP tax rate excludes the income tax effects of the non-GAAP pre-tax adjustments described above, and eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Based on our long-term projections, we are using a long-term non-GAAP tax rate of 24% for fiscal 2026 and fiscal 2027. This long-term non-GAAP tax rate could be subject to change for various reasons including significant acquisitions, changes in our geographic earnings mix, or fundamental tax law changes in major jurisdictions in which we operate. We will evaluate this long-term non-GAAP tax rate on an annual basis and whenever any significant events occur which may materially affect this rate.<\/p>\n \nOperating results and gains and losses on the sale of discontinued operations. From time to time, we sell or otherwise dispose of selected operations as we adjust our portfolio of businesses to meet our strategic goals. In accordance with GAAP, we segregate the operating results of discontinued operations as well as gains and losses on the sale of these discontinued operations from continuing operations on our GAAP statements of operations but continue to include them in GAAP net income or loss and net income or loss per share. We exclude these amounts from our non-GAAP financial measures.<\/p>\n \nThe reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures in Table E include all information reasonably available to Intuit at the date of this press release. These tables include adjustments that we can reasonably predict. Events that could cause the reconciliation to change include acquisitions and divestitures of businesses, goodwill and other asset impairments, sales of available-for-sale debt securities and other investments, and disposals of businesses and long-lived assets.<\/p>\n View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20260825805841\/en\/<\/a><\/p>\n \nInvestors
\nIntuit Inc. <\/a>(Nasdaq: INTU) the global financial technology platform that makes Intuit TurboTax<\/a>, Credit Karma<\/a>, QuickBooks<\/a>, Mailchimp<\/a>, and Intuit Enterprise Suite<\/a>, announced financial results for the fourth quarter and full fiscal year 2026, which ended July 31, 2026.<\/p>\n
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ABOUT NON-GAAP FINANCIAL MEASURES<\/p>\n
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Kendra Goodenough
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Intuit Inc.
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650-944-3663
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kendra_goodenough@intuit.com
\n<\/a><\/p>\n