Intuit (INTU) FY2024 results: revenue $16.3 billion, up 13.3% on the year
Intuit Inc. (INTU) reported revenue of $16.3 billion for fiscal 2024, the year ended 31 July 2024, up 13.3% on the year before. Net income was $3.0 billion, up 24.3%, and diluted earnings per share $10.43. The figures are the company's own, from the 10-K it filed with the SEC on 4 September 2024.
Revenue
$16.3 billion
+13.3% on the year
FY2017FY2024
Operating margin
22.3%
21.9% a year earlier
FY2017FY2024
Net income
$3.0 billion
+24.3% on the year
FY2017FY2024
Diluted EPS
$10.43
+23.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,884
5,046
3,889
-3.2%
Capital expenditure
191
210
157
-9.0%
Free cash flow
4,693
4,836
3,732
-3.0%
Free cash flow margin
28.8%
33.7%
29.3%
Cash from investing
-227
-922
-5,421
Cash from financing
-397
-4,269
1,732
Depreciation and amortisation
642
643
603
-0.2%
Share-based compensation
1,940
1,712
1,308
+13.3%
Buybacks
1,988
1,967
1,861
+1.1%
Dividends paid
1,034
889
774
+16.3%
Dividend per share
$3.60
$3.12
$2.72
+15.4%
Diluted shares, weighted
284m
283m
284m
+0.4%
Shares outstanding at period end
280m
280m
282m
-0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
18,436
17,269
16,441
+6.8%
Debt
6,038
6,120
6,914
-1.3%
Operating lease liabilities
458
480
542
-4.6%
Other liabilities
7,200
3,911
3,837
+84.1%
Total liabilities and equity
32,132
27,780
27,734
+15.7%
Fixed assets
1,009
969
888
+4.1%
Goodwill
13,844
13,780
13,736
+0.5%
Intangible assets
5,820
6,419
7,061
-9.3%
Investments
131
105
583
+24.8%
Loans
912
757
540
+20.5%
Cash and equivalents
3,609
2,848
2,796
+26.7%
Receivables
457
405
446
+12.8%
Other assets
6,350
2,497
1,684
+154.3%
Total assets
32,132
27,780
27,734
+15.7%
10-K for the year ended 31 July 2024, filed 4 September 2024: the filing.