INTU changes
Pick any two versions below to diff them.
- Balance sheet
- Intuit funds itself mainly with cash from operations and with unsecured notes that the parent company issues. At July 31, 2026, debt was $7.7 billion. Of this, $6.75 billion was fixed-rate senior unsecured notes, and $1.25 billion of these notes was due within one year. The other $970 million was drawn on secured credit lines inside special-purpose subsidiaries that fund small business loans. These lines have no recourse to Intuit Inc. Cash and investments were $7.2 billion, so net debt was about $0.5 billion. Fiscal 2026 operating income plus depreciation and amortization was about $6.7 billion. Operating income of $5.9 billion covered interest expense of $256 million about 23 times. Moody's rates the notes A3 and S&P rates them A, both with a stable outlook in June 2026. An undrawn $2.2 billion revolving credit line to 2031 backs a commercial paper program, and no commercial paper was outstanding. The $5.0 billion of funds held for customers is matched by an equal amount that Intuit owes them. Thus it is not Intuit's own cash, and this balance rises and falls with the tax season. In fiscal 2026, Intuit spent $5.4 billion on buybacks and $1.3 billion on dividends. Free cash flow of about $8.6 billion paid for both. The low net debt leaves room to keep buying back stock or to make acquisitions. As of 2026-07-31.
- Checkpoints
- Nov 25, 2026 (estimate): Fiscal Q1 2027 earnings: first read before tax season. Pending. Watch: Revenue on track for the 9% to 10% fiscal 2027 growth guidance and steady Credit Karma growth pass; a guidance cut or weak Credit Karma fails. Feb 2027 (estimate): Fiscal Q2 2027 earnings: early tax season signs. Pending. Watch: TurboTax guidance kept and no new loss of price-sensitive filers pass; a lower TurboTax outlook fails. May 2027 (estimate): Fiscal Q3 2027 earnings: TurboTax tax season 2027 result. Pending. Watch: TurboTax units and revenue that meet guidance and keep share pass; a second year of lost filers or a revenue cut fails.