Intuit (INTU) FY2023 results: revenue $14.4 billion, up 12.9% on the year
Intuit Inc. (INTU) reported revenue of $14.4 billion for fiscal 2023, the year ended 31 July 2023, up 12.9% on the year before. Net income was $2.4 billion, up 15.4%, and diluted earnings per share $8.42. The figures are the company's own, from the 10-K it filed with the SEC on 1 September 2023.
Revenue
$14.4 billion
+12.9% on the year
FY2016FY2023
Operating margin
21.9%
20.2% a year earlier
FY2016FY2023
Net income
$2.4 billion
+15.4% on the year
FY2016FY2023
Diluted EPS
$8.42
+15.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,046
3,889
3,250
+29.8%
Capital expenditure
210
157
53.0
+33.8%
Free cash flow
4,836
3,732
3,197
+29.6%
Free cash flow margin
33.7%
29.3%
33.2%
Cash from investing
-922
-5,421
-3,965
Cash from financing
-4,269
1,732
-3,176
Depreciation and amortisation
643
603
312
+6.6%
Share-based compensation
1,712
1,308
753
+30.9%
Buybacks
1,967
1,861
1,005
+5.7%
Dividends paid
889
774
646
+14.9%
Dividend per share
$3.12
$2.72
$2.36
+14.7%
Diluted shares, weighted
283m
284m
273m
-0.4%
Shares outstanding at period end
280m
282m
273m
-0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
17,269
16,441
9,869
+5.0%
Debt
6,120
6,914
2,034
-11.5%
Operating lease liabilities
480
542
380
-11.4%
Other liabilities
3,911
3,837
3,233
+1.9%
Total liabilities and equity
27,780
27,734
15,516
+0.2%
Fixed assets
969
888
780
+9.1%
Goodwill
13,780
13,736
5,613
+0.3%
Intangible assets
6,419
7,061
3,252
-9.1%
Investments
105
583
1,351
-82.0%
Loans
757
540
n/a
+40.2%
Cash and equivalents
2,848
2,796
2,562
+1.9%
Receivables
405
446
391
-9.2%
Other assets
2,497
1,684
1,567
+48.3%
Total assets
27,780
27,734
15,516
+0.2%
10-K for the year ended 31 July 2023, filed 1 September 2023: the filing.