Below are the financial statements of Intuit, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenue | — | — | — |
| Service | 13.86a | 12.32a | 10.91a |
| Product and other | 2.42a | 2.05a | 1.81a |
| Total net revenue | 16.29a | 14.37a | 12.73a |
| Costs and expenses | — | — | — |
| Cost of revenue | — | — | — |
| Cost of service revenue | -3.25a | -2.91a | -2.2a |
| Cost of product and other revenue | -0.07a | -0.07a | -0.07a |
| Amortization of acquired technology | -0.15a | -0.16a | -0.14a |
| Selling and marketing | -4.31a | -3.76a | -3.53a |
| Research and development | -2.75a | -2.54a | -2.35a |
| General and administrative | -1.42a | -1.3a | -1.46a |
| Amortization of other acquired intangible assets | -0.48a | -0.48a | -0.42a |
| Restructuring | -0.22a | 0a | 0a |
| Total costs and expenses | -12.66a | -11.23a | -10.16a |
| Operating income | 3.63a | 3.14a | 2.57a |
| Interest expense | -0.24a | -0.25a | -0.08a |
| Interest and other income, net | 0.16a | 0.1a | 0.05a |
| Income before income taxes | 3.55a | 2.99a | 2.54a |
| Income tax provision | -0.59a | -0.61a | -0.48a |
| Net income | 2.96a | 2.38a | 2.07a |
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