INTU Intuit Inc. - Common Stock

NASDAQ · Technology · View on SEC EDGAR ↗
$385.18
Price · May 20, 2026
Fundamentals as of Feb 26, 2026
52W Range
$342–$814
9% of range
Analyst Rating
BUY
41 analysts
Price Target
$594
+54% upside
P/E (TTM)
57.4
ROE
20.5%
Net Profit Margin
20.5%

INTU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$385.18
Market Cap
$219.15B
P/E (TTM)
57.4
EPS (TTM)
$13.67
Revenue (TTM)
$18.83B
Div Yield
0.54%
ROE
20.5%
Debt/Equity
0.3
52W Range
$342 – $814

INTU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $18.83B
10-point trend, +301.2%
2016-07-31 → 2025-07-31
EPS $13.67
10-point trend, +270.5%
2016-07-31 → 2025-07-31
Free Cash Flow $6.12B
10-point trend, +521.6%
2016-07-31 → 2025-07-31
Margins 20.5%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
INTU
Peer Median
P/E (TTM)
5-point trend, -18.1%
57.4
50.7
P/S (TTM)
5-point trend, -22.6%
11.6
11.7
P/B
5-point trend, -24.2%
11.1
14.6
EV / EBITDA
5-point trend, -21.8%
45.1
—
Price / FCF
5-point trend, -21.0%
35.8
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
INTU
Peer Median
Operating Margin
5-point trend, +0.7%
26.1%
—
Net Profit Margin
5-point trend, -4.0%
20.5%
20.8%
ROA
5-point trend, -28.2%
11.2%
10.8%
ROE
5-point trend, -1.2%
20.5%
21.5%
ROIC
5-point trend, -9.4%
15.3%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
INTU
Peer Median
Debt / Equity
5-point trend, +47.0%
0.3
49.8
Current Ratio
5-point trend, -30.0%
1.4
1.5
Quick Ratio
5-point trend, -70.4%
0.3
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
INTU
Peer Median
Revenue YoY
5-point trend, +95.5%
15.6%
—
Revenue CAGR 3Y
5-point trend, +95.5%
14.0%
—
Revenue CAGR 5Y
5-point trend, +95.5%
19.7%
—
EPS YoY
5-point trend, +80.8%
31.1%
—
Net Income YoY
5-point trend, +87.6%
30.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
INTU
Peer Median
EPS (Diluted)
5-point trend, +80.8%
$13.67
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
INTU
Peer Median
Payout Ratio
5-point trend, -1.9%
30.7%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.54%
Payout Ratio
30.7%
5Y Div CAGR
—
Ex-dateAmount
April 9, 2026$1.2000
Jan. 9, 2026$1.2000
Oct. 9, 2025$1.2000
July 10, 2025$1.0400
April 10, 2025$1.0400
Jan. 10, 2025$1.0400
Oct. 10, 2024$1.0400
July 10, 2024$0.9000
April 9, 2024$0.9000
Jan. 9, 2024$0.9000
Oct. 5, 2023$0.9000
July 7, 2023$0.7800
April 6, 2023$0.7800
Jan. 9, 2023$0.7800
Oct. 6, 2022$0.7800
July 8, 2022$0.6800
April 8, 2022$0.6800
Jan. 7, 2022$0.6800
Oct. 7, 2021$0.6800
July 9, 2021$0.5900

INTU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 41 analysts
  • Strong Buy 12 29.3%
  • Buy 21 51.2%
  • Hold 8 19.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

32 analysts · 2026-05-16
Median target $590.00 +53.2%
Mean target $594.11 +54.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.29%
Period EPS Actual EPS Est Surprise
March 31, 2026 $4.15 $3.74 0.41%
Dec. 31, 2025 $3.34 $3.16 0.18%
Sept. 30, 2025 $2.75 $2.71 0.04%
June 30, 2025 $11.65 $11.13 0.52%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
INTU $219.15B 57.4 15.6% 20.5% 20.5% —
PLTR $425.03B 282.1 56.2% 36.3% 26.2% 82.4%
APP $227.96B 69.1 70.0% 60.8% 201.9% —
CRM $197.22B 27.2 9.6% 18.0% 12.4% 77.7%
ADBE $132.21B 19.2 10.5% 30.0% 61.8% 89.3%
CDNS $84.96B 77.0 14.1% 20.9% 21.2% —
SNPS $84.41B 56.4 15.1% 18.9% 7.1% 77.0%
DDOG $47.94B 438.7 27.7% 3.1% 3.1% 80.0%
MSTR — -10.0 3.0% -806.3% -8.4% 68.7%
ADSK $53.90B 48.6 17.5% 15.6% 39.0% 91.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +343.8% $18.83B $16.29B $14.37B $12.73B $9.63B $7.68B $6.78B $6.03B $5.20B $4.69B $4.19B $4.24B
R&D Expense 12-point trend, +310.1% $2.93B $2.75B $2.54B $2.35B $1.68B $1.39B $1.23B $1.19B $998M $881M $798M $714M
SG&A Expense 12-point trend, +260.6% $1.60B $1.42B $1.30B $1.46B $982M $679M $597M $664M $553M $518M $483M $444M
Operating Expenses 7-point trend, +182.1% $13.91B $12.65B $11.23B $10.15B $7.13B $5.50B $4.93B · · · · ·
Operating Income 12-point trend, +278.7% $4.92B $3.63B $3.14B $2.57B $2.50B $2.18B $1.85B $1.56B $1.42B $1.24B $738M $1.30B
Other Non-op 12-point trend, +409.7% $158M $162M $96M $52M $85M $36M $42M $26M $3M $-4M $1M $31M
Pretax Income 12-point trend, +271.8% $4.83B $3.55B $2.99B $2.54B $2.56B $2.20B $1.88B $1.57B $1.39B $1.20B $712M $1.30B
Income Tax 12-point trend, +115.9% $965M $587M $605M $476M $494M $372M $324M $237M $405M $397M $299M $447M
Net Income 12-point trend, +326.6% $3.87B $2.96B $2.38B $2.07B $2.06B $1.83B $1.56B $1.33B $985M $979M $365M $907M
EPS (Basic) 12-point trend, +334.6% $13.82 $10.58 $8.49 $7.38 $7.65 $6.99 $5.99 $5.18 $3.83 $3.73 $1.30 $3.18
EPS (Diluted) 12-point trend, +338.1% $13.67 $10.43 $8.42 $7.28 $7.56 $6.92 $5.89 $5.09 $3.78 $3.69 $1.28 $3.12
Shares (Basic) 12-point trend, -1.8% 280,000,000 280,000,000 281,000,000 280,000,000 270,000,000 261,000,000 260,000,000 256,000,000 257,000,000 262,000,000 281,000,000 285,000,000
Shares (Diluted) 12-point trend, -2.7% 283,000,000 284,000,000 283,000,000 284,000,000 273,000,000 264,000,000 264,000,000 261,000,000 261,000,000 265,000,000 286,000,000 291,000,000
EBITDA 12-point trend, +274.7% $4.92B $3.63B $3.14B $2.57B $2.50B $2.18B $1.85B $1.50B $1.40B $1.24B $738M $1.31B
Balance Sheet 27
Annual Balance Sheet data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +239.7% $2.88B $3.61B $2.85B $2.80B $2.56B $6.44B $2.12B $1.46B $529M $638M $808M $849M
Receivables 12-point trend, +360.9% $530M $457M $405M $446M $391M $149M $87M $98M $103M $108M $91M $115M
Prepaid Expense 12-point trend, +331.3% $496M $366M $354M $287M $184M $314M $266M $202M $100M $102M $94M $115M
Current Assets 12-point trend, +438.2% $14.11B $9.68B $5.56B $5.05B $5.16B $7.98B $3.59B $2.42B $1.42B $1.61B $2.56B $2.62B
PP&E (Net) 12-point trend, +63.2% $961M $1.01B $969M $888M $780M $734M $780M $812M $1.03B $1.03B $682M $589M
PP&E (Gross) 12-point trend, +50.4% $2.36B $2.37B $2.44B $2.33B $2.12B $2.03B $2.16B $2.19B $2.42B $2.24B $1.74B $1.57B
Accum. Depreciation 12-point trend, +42.8% $1.40B $1.36B $1.47B $1.44B $1.34B $1.29B $1.38B $1.38B $1.39B $1.21B $1.06B $982M
Goodwill 12-point trend, +956.7% $13.98B $13.84B $13.78B $13.74B $5.61B $1.65B $1.66B $1.61B $1.29B $1.28B $1.27B $1.32B
Intangibles 12-point trend, +3886.5% $5.30B $5.82B $6.42B $7.06B $3.25B $28M $54M $61M $22M $44M $87M $133M
Other Non-current Assets 12-point trend, +595.4% $751M $541M $417M $344M $283M $225M $186M $215M $143M $112M $106M $108M
Total Assets 12-point trend, +610.6% $36.96B $32.13B $27.78B $27.73B $15.52B $10.93B $6.28B $5.13B $4.07B $4.25B $4.97B $5.20B
Accounts Payable 12-point trend, +446.2% $792M $721M $638M $737M $623M $305M $274M $178M $157M $184M $190M $145M
Short-term Debt · · · · · · · · · · $0 ·
Current Liabilities 12-point trend, +629.8% $10.37B $7.49B $3.79B $3.63B $2.65B $3.53B $1.97B $1.74B $1.94B $2.25B $1.74B $1.42B
Capital Leases 6-point trend, +170.1% $597M $458M $480M $542M $380M $221M · · · · · ·
Deferred Tax 11-point trend, -67.2% $20M $3M $4M $619M $525M $2M $37M $68M · $7M $50M $61M
Other Non-current Liabilities 12-point trend, +85.5% $308M $208M $121M $87M $53M $42M $145M $119M $130M $146M $172M $166M
Total Liabilities 12-point trend, +712.4% $17.25B $13.70B $10.51B $11.29B $5.65B $5.83B $2.53B $2.32B $2.71B $3.09B $2.64B $2.12B
Long-term Debt 12-point trend, +1097.0% $5.97B $6.04B $6.12B $6.91B $2.03B $2.03B $386M $388M $438M $488M $500M $499M
Total Debt 6-point trend, +194.1% $5.97B $6.04B $6.12B $6.91B $2.03B $2.03B · · · · · ·
Common Stock Flat — no change across 12 periods $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M $3M
Retained Earnings 12-point trend, +230.6% $19.67B $16.99B $15.07B $13.58B $12.30B $10.88B $9.62B $8.56B $7.30B $6.69B $6.03B $5.95B
Treasury Stock 12-point trend, +235.0% $21.54B $18.75B $16.77B $14.80B $12.95B $11.93B $11.61B $11.05B $10.78B $9.94B $7.67B $6.43B
AOCI 12-point trend, -2400.0% $-50M $-54M $-55M $-60M $-24M $-32M $-36M $-36M $-22M $-32M $-30M $-2M
Stockholders' Equity 12-point trend, +540.4% $19.71B $18.44B $17.27B $16.44B $9.87B $5.11B $3.75B $2.82B $1.70B $1.49B $2.33B $3.08B
Liabilities + Equity 12-point trend, +610.6% $36.96B $32.13B $27.78B $27.73B $15.52B $10.93B $6.28B $5.13B $4.07B $4.25B $4.97B $5.20B
Shares Outstanding 12-point trend, -2.0% 279,129,000 280,268,000 280,421,000 281,932,000 273,235,000 261,740,000 260,180,000 258,616,000 255,668,000 257,853,000 277,706,000 284,950,000
Cash Flow 15
Annual Cash Flow data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Stock-based Comp 12-point trend, +864.7% $1.97B $1.94B $1.71B $1.31B $753M $435M $401M $382M $326M $281M $257M $204M
Deferred Tax 12-point trend, -567.7% $-435M $-554M $-628M $120M $-42M $-179M $-7M $-5M $17M $70M $-100M $93M
Amort. of Intangibles 12-point trend, +6771.4% $481M $483M $483M $416M $146M $6M $6M $6M $2M $12M $12M $7M
Restructuring 4-point trend, +15000000.00 $15M $223M $0 $0 · · · · · · · ·
Operating Cash Flow 12-point trend, +329.3% $6.21B $4.88B $5.05B $3.89B $3.25B $2.41B $2.32B $2.11B $1.60B $1.46B $1.59B $1.45B
CapEx 12-point trend, -19.2% $84M $191M $210M $157M $53M $59M $76M $38M $102M $416M $142M $104M
Investing Cash Flow 12-point trend, -4630.6% $-2.32B $-227M $-922M $-5.42B $-3.96B $-97M $-635M $-532M $-17M $371M $-182M $-49M
Debt Issued 6-point trend, +48000000.00 · · · · · · $48M $0 $0 $500M $0 $0
Net Debt Issued 11-point trend, -500000000.00 $-500M $-4.20B $-1.01B $0 $-338M $-50M $-2M $-50M $-512M $500M · $0
Stock Repurchased 12-point trend, +75.8% $2.77B $1.99B $1.97B $1.86B $1.00B $323M $556M $272M $839M $2.26B $1.25B $1.58B
Net Stock Activity 12-point trend, -75.8% $-2.77B $-1.99B $-1.97B $-1.86B $-1.00B $-323M $-556M $-272M $-839M $-2.26B $-1.25B $-1.58B
Dividends Paid 12-point trend, +440.5% $1.19B $1.03B $889M $774M $646M $561M $501M $407M $353M $318M $283M $220M
Financing Cash Flow 12-point trend, +2.6% $-1.51B $-397M $-4.27B $1.73B $-3.18B $2.03B $-965M $-639M $-1.63B $-2.00B $-1.42B $-1.55B
Net Change in Cash 12-point trend, +1588.8% $2.38B $4.25B $-145M $178M $-3.88B $4.34B $721M $930M $-41M $-170M $-41M $-160M
Free Cash Flow 12-point trend, +356.3% $6.12B $4.69B $4.84B $3.73B $3.20B $2.35B $2.25B $2.07B $1.50B $985M $1.36B $1.34B
Profitability 7
Annual Profitability data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -10.4% 26.1% 22.3% 21.9% 20.2% 25.9% 28.3% 27.3% 25.1% 27.0% 26.5% 17.6% 29.2%
Net Margin 12-point trend, +2.1% 20.5% 18.2% 16.6% 16.2% 21.4% 23.8% 22.9% 20.3% 18.8% 20.9% 8.7% 20.1%
Pretax Margin 12-point trend, -12.0% 25.7% 21.8% 20.8% 20.0% 26.5% 28.6% 27.7% 25.2% 26.4% 25.6% 17.0% 29.2%
EBITDA Margin 12-point trend, -10.4% 26.1% 22.3% 21.9% 20.2% 25.9% 28.3% 27.3% 25.1% 27.0% 26.5% 17.6% 29.2%
ROA 12-point trend, -34.0% 11.2% 9.9% 8.6% 9.6% 15.6% 21.2% 27.3% 26.2% 23.4% 21.2% 7.2% 17.0%
ROE 12-point trend, -28.4% 20.5% 15.9% 13.7% 12.4% 20.8% 37.1% 39.8% 46.0% 63.6% 81.3% 15.7% 28.7%
ROIC 12-point trend, -45.2% 15.3% 12.4% 10.7% 8.9% 16.9% 25.3% 40.9% 51.2% 73.2% 71.7% 18.4% 28.0%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -26.2% 1.4 1.3 1.5 1.4 1.9 2.3 1.8 1.1 0.7 0.7 1.5 1.8
Quick Ratio 12-point trend, -52.4% 0.3 0.5 0.9 0.9 1.1 1.9 1.1 0.7 0.3 0.3 0.5 0.7
Debt / Equity 6-point trend, -23.8% 0.3 0.3 0.4 0.4 0.2 0.4 · · · · · ·
LT Debt / Equity 6-point trend, -23.8% 0.3 0.3 0.4 0.4 0.2 0.4 · · · · · ·
Efficiency 2
Annual Efficiency data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -35.4% 0.5 0.5 0.5 0.6 0.7 0.9 1.2 1.3 1.2 1.0 0.8 0.8
Receivables Turnover 12-point trend, +11.8% 38.2 37.8 33.8 30.4 35.7 65.1 73.3 59.3 49.1 47.2 40.7 34.1
Per Share 7
Annual Per Share data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +553.7% $70.61 $65.78 $61.58 $58.32 $36.12 $19.51 $14.41 $9.10 $5.30 $4.50 $8.40 $10.80
Revenue / Share 12-point trend, +329.7% $66.54 $57.34 $50.77 $44.81 $35.29 $29.09 $25.70 $22.85 $19.84 $17.71 $14.66 $15.48
Cash Flow / Share 12-point trend, +341.4% $21.93 $17.20 $17.83 $13.69 $11.90 $9.14 $8.80 $8.09 $6.13 $5.29 $5.26 $4.97
Cash / Share 12-point trend, +246.8% $10.33 $12.88 $10.16 $9.92 $9.38 $24.61 $8.13 $5.66 $2.07 $2.47 $2.91 $2.98
Dividend / Share 12-point trend, +447.4% $4 $4 $3 $3 $2 $2 $2 $2 $1 $1 $1 $1
Dividend Paid / Share 12-point trend, +447.4% $4 $4 $3 $3 $2 $2 $2 $2 $1 $1 $1 $1
EPS (TTM) 12-point trend, +338.1% $13.67 $10.43 $8.42 $7.28 $7.56 $6.92 $5.89 $5.09 $3.78 $3.69 $1.28 $3.12
Growth Rates 10
Annual Growth Rates data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -38.6% 15.6% 13.3% 12.9% 32.1% 25.4% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -39.9% 14.0% 19.1% 23.2% · · · · · · · · ·
Revenue CAGR 5Y 19.7% · · · · · · · · · · ·
EPS YoY 5-point trend, +235.8% 31.1% 23.9% 15.7% -3.7% 9.2% · · · · · · ·
EPS CAGR 3Y 3-point trend, +245.7% 23.4% 11.3% 6.8% · · · · · · · · ·
EPS CAGR 5Y 14.6% · · · · · · · · · · ·
Net Income YoY 5-point trend, +136.7% 30.6% 24.3% 15.4% 0.19% 12.9% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +150.1% 23.3% 12.8% 9.3% · · · · · · · · ·
Net Income CAGR 5Y 16.2% · · · · · · · · · · ·
Dividend CAGR 5Y 16.2% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for INTU
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +343.8% $18.83B $16.29B $14.37B $12.73B $9.63B $7.68B $6.78B $6.03B $5.20B $4.69B $4.19B $4.24B
Net Income TTM 12-point trend, +326.6% $3.87B $2.96B $2.38B $2.07B $2.06B $1.83B $1.56B $1.33B $985M $979M $365M $907M
Market Cap 12-point trend, +838.3% $219.15B $181.43B $143.49B $128.61B $144.81B $80.19B $72.15B $52.82B $35.08B $28.62B $29.37B $23.36B
Enterprise Value 6-point trend, +193.3% $222.24B $183.86B $146.76B $132.73B $144.28B $75.78B · · · · · ·
P/E 12-point trend, +118.6% 57.4 62.1 60.8 62.7 70.1 44.3 47.1 40.1 36.3 30.1 82.6 26.3
P/S 12-point trend, +111.4% 11.6 11.1 10.0 10.1 15.0 10.4 10.6 8.8 6.8 6.1 7.0 5.5
P/B 12-point trend, +46.5% 11.1 9.8 8.3 7.8 14.7 15.7 19.2 22.4 25.9 24.7 12.6 7.6
P / Tangible Book 3-point trend, +2086.3% 512.0 · · · 144.2 23.4 · · · · · ·
P / Cash Flow 12-point trend, +118.6% 35.3 37.1 28.4 33.1 44.6 33.2 31.0 25.0 21.9 20.4 19.5 16.2
P / FCF 12-point trend, +105.6% 35.8 38.7 29.7 34.5 45.3 34.1 32.1 25.5 23.4 29.1 21.6 17.4
EV / EBITDA 6-point trend, +29.6% 45.1 50.7 46.7 51.6 57.7 34.8 · · · · · ·
EV / FCF 6-point trend, +12.8% 36.3 39.2 30.3 35.6 45.1 32.2 · · · · · ·
EV / Revenue 6-point trend, +19.6% 11.8 11.3 10.2 10.4 15.0 9.9 · · · · · ·
Dividend Yield 12-point trend, -42.6% 0.54% 0.57% 0.62% 0.60% 0.45% 0.70% 0.69% 0.77% 1.0% 1.1% 0.96% 0.94%
Earnings Yield 12-point trend, -54.3% 1.7% 1.6% 1.7% 1.6% 1.4% 2.3% 2.1% 2.5% 2.8% 3.3% 1.2% 3.8%
Payout Ratio 12-point trend, +26.7% 30.7% 34.9% 37.3% 37.5% 31.3% 30.7% 32.2% 33.6% 36.4% 32.5% 77.5% 24.3%
Annual Payout 12-point trend, +440.5% $1.19B $1.03B $889M $774M $646M $561M $501M $407M $353M $318M $283M $220M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-07-312024-07-312023-07-312022-07-312021-07-31
Revenue $18.83B$16.29B$14.37B$12.73B$9.63B
Operating Margin % 26.1%22.3%21.9%20.2%25.9%
Net Income $3.87B$2.96B$2.38B$2.07B$2.06B
Diluted EPS $13.67$10.43$8.42$7.28$7.56
Balance Sheet
2025-07-312024-07-312023-07-312022-07-312021-07-31
Debt / Equity 0.30.30.40.40.2
Current Ratio 1.41.31.51.41.9
Quick Ratio 0.30.50.90.91.1
Cash Flow
2025-07-312024-07-312023-07-312022-07-312021-07-31
Free Cash Flow $6.12B$4.69B$4.84B$3.73B$3.20B

INTU AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.75
↑ Bullish

I see the strongest bull case for Intuit as its unbreakable moat in SMB tax and accounting software fueling steady profit growth into 2026Q2. Gross margin stays rock-solid at 79.89%, showing their subscription model scales with minimal added costs as user bases grow. Net margin climbed to 21.19%, which translates to more cash per customer amid pricing discipline. ROE hit 21.36%, proving they generate strong returns without heavy leverage at just 31.78 debt-to-equity. Morgan Stanley's March 25 top pick reinforces Wall Street's faith in this durability.

↓ Bearish

My biggest bear worry is Intuit's premium valuation cracking under slowing growth or AI competition by 2026Q2. P/E sits at 44.76, meaning the market demands perfect execution with no hiccups in subscriber adds. Shares dropped 4% last week to close at 747.9 after peaking near 790, signaling momentum loss on heavy volume. Market cap fell to 184 billion versus 196 billion prior quarter, highlighting vulnerability if EPS growth stalls versus peers like CRM's cheaper 22 P/E.

Claude NEUTRAL 0.68
↑ Bullish

Intuit is printing cash from a moat that's getting wider, not narrower. The company is turning 21.4% of revenue into profit — that's exceptional for software at scale — and ROE of 21.4% tells you shareholder capital is working hard. What matters: the stock has compressed from a 56.5x P/E in Q3 down to 44.8x today, yet earnings per share climbed from $12.29 to $14.60. That means the market is paying less for better fundamentals. Morgan Stanley's March upgrade to Top Pick and the earnings beat signal the Street is repricing risk lower. If tax and small-business software demand holds, this valuation is fair for a 20%+ ROE compounder.

↓ Bearish

Intuit is still priced for perfection in a slowing software cycle, and the margin for error is razor-thin. At 44.8x trailing earnings, the stock leaves almost no room for a miss — any stumble in subscription growth or gross margin compression would crater the multiple. The debt-to-equity ratio of 31.78 is elevated for a software company, which means leverage is amplifying both upside and downside. Most concerning: the market cap fell 6% quarter-over-quarter despite earnings growth, signaling that even bulls are losing conviction. If small-business spending weakens or AI-driven automation threatens the core tax and accounting workflows, this multiple has nowhere to hide.

Gemini NEUTRAL 0.75
↑ Bullish

Intuit remains a dominant financial engine that consistently extracts high value from its massive user base. The company maintains a gross margin of 79.89%, which illustrates that for every dollar of revenue, nearly 80 cents remains after direct costs, highlighting the immense pricing power of its tax and accounting software ecosystem. Furthermore, the 21.36% return on equity shows that management is effectively deploying capital to generate significant shareholder value. With Morgan Stanley recently naming it a top pick, the institutional confidence in their ability to sustain this high-margin growth through 2026 remains a powerful tailwind for the stock.

↓ Bearish

The valuation is becoming increasingly difficult to justify given the slowing momentum in market cap expansion. Trading at a trailing P/E of 44.76, the market is pricing in aggressive future growth that may not materialize if consumer spending on professional tax services cools off. This multiple is significantly higher than peers like Adobe, which trades at 20.55 times earnings, suggesting that Intuit carries a significant premium that leaves little room for operational error. If the company fails to maintain its current pace of EPS growth, this high valuation could lead to a sharp contraction in share price.

Chatgpt NEUTRAL 0.65
↑ Bullish

Intuit's profitability and pricing power make the setup compelling. ROE TTM 21.36% — That signals efficient use of shareholder equity and a strong return profile. EPS TTM 14.60 — This provides a solid earnings base to support multiple expansion if growth remains steady. Gross margin TTM 79.89% — Indicates a scalable, high-margin software/services mix and sticky revenue.

↓ Bearish

Valuation and growth risk could cap upside. P/E TTM 44.76 — The stock trades at a premium vs many peers, meaning a stall in earnings could pressure the multiple. P/S TTM 9.49 — A high revenue multiple signals investors are paying for growth that may not accelerate. Market cap 184,334 — Down vs prior quarter signals some pullback in investor enthusiasm and momentum.

Round 2 — Responses & Rebuttals

Grok

Claude, your bearish call on debt-to-equity at 31.78 being elevated for software misses the mark — that's low leverage, just 32 cents of debt per equity dollar, which safely boosts the 21.36% ROE without added risk. It positions Intuit to weather any 2026Q2 slowdown in SMB spending far better than truly levered peers, turning a supposed flaw into a key defensive moat.

Claude

I need to push back on Grok here — the debt-to-equity ratio of 31.78 is not elevated for Intuit, and I think that framing is misleading. A 31.78 D/E means Intuit has $31.78 of debt for every dollar of equity, which sounds alarming until you remember Intuit generates $14.60 in annual EPS on a stock trading at $748 — that's a 1.95% earnings yield. At that yield, the company can service debt cheaply and still deploy capital to buybacks and R&D. The real risk isn't the leverage itself; it's whether subscription churn accelerates if AI commoditizes tax prep. That's the bear case I'd focus on, not the debt ratio.

Gemini

Claude, your focus on the debt-to-equity ratio of 31.78 misses the reality of Intuit’s cash-generative model. While you argue this leverage is an elevated risk, a current ratio of 1.39 shows the company has nearly 1.40 dollars in liquid assets for every dollar of short-term liabilities. This level of liquidity provides a massive buffer that makes their debt load far less threatening than you suggest. Intuit is not struggling to cover its obligations; it is using its balance sheet to fund the very ecosystem dominance that keeps those high margins intact.

Chatgpt

Claude, I think your point about leverage misses the cushion a cash-generative business can deploy to weather slower demand, especially when margins stay healthy. Debt/Equity = 31.78. That level can magnify outcomes, but Intuit's robust margins and stable cash flow can cushion the downside. If growth slows or AI pressures margins, the leverage could hurt; otherwise, the balance sheet supports ongoing buybacks and investment.

Round 3 — Final Rebuttals

G
Grok

Claude, you got the debt-to-equity math backwards in your pushback — a 31.78 D/E means just $0.32 of debt per dollar of equity, supporting that 21.36% ROE without meaningful risk. That's prudent leverage for a cash cow like Intuit, not alarming exposure. With a current ratio of 1.39, they hold ample liquidity to cover short-term obligations twice over if SMB spending softens into 2026Q2. This balance sheet strength lets them invest in AI defenses rather than deleveraging.

C
Claude

I want to push back on something nobody's challenged yet: Gemini and Grok both treat Intuit's 79.89% gross margin as proof of moat durability, but they're not asking whether that margin is actually under threat from AI. Tax software commoditization is real — TurboTax's core product is increasingly vulnerable to free AI-powered alternatives and IRS Free File expansion. The margin looks pristine today, but if filing volumes shift or ASP per customer compresses in 2026, that 79.89% becomes the story of what you're losing, not what you're protecting. That's the competitive dynamic I'd be watching closer than the balance sheet ratios.

G
Gemini

I want to pivot us to the macro regime, specifically the impact of the current interest rate cycle on Intuit's customer base. Claude and Grok are debating balance sheet mechanics, but the real threat to 2026Q2 is the sensitivity of small businesses to sustained high rates. Intuit’s revenue relies heavily on the health of SMBs, which are currently facing a 1.39 current ratio across the broader sector, indicating tightening liquidity. If rates stay higher for longer, those businesses will cut discretionary software spending. That could force a contraction in Intuit's 79.89% gross margin, as they lose the pricing power that currently keeps their software so profitable.

C
Chatgpt

I think we should widen the frame to include regulatory and competitive dynamics that could move INTU in 2026Q2 beyond pure fundamentals. INTU trades with a trailing P/E of about 44.8x. That means the market is pricing aggressive growth, leaving little cushion if policy or competitive shocks bite. Claude, Grok, and Gemini, watch IRS Free File expansion and AI privacy rules that could compress pricing power or raise compliance costs. Additionally, NetSuite and other SMB platforms could steal share if INTU can't keep innovating on automation and integration.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $760.00 6M Target $785.00 Reasoning I forecast Intuit grinding modestly higher from $748 into 2026Q2 as high-margin SMB software demand offsets valuation pressure. The key catalyst is the Q2 2026 earnings print in early November 2025, where beats on TurboTax volumes and NetSuite growth could validate Morgan Stanley's top pick and spark a rebound toward recent highs. The main risk is AI-driven tax prep commoditization accelerating subscriber churn, as Claude flagged. Holding P/E near 45 means the market demands flawless 15%+ EPS growth annually, which their 21% ROE cash generation can deliver if competition stays at bay.
C Claude 3M Target $720.00 6M Target $765.00 Reasoning Intuit's moat is real but under siege from AI commoditization of tax prep — the stock re-rates lower as the market prices in margin compression risk. My thesis: the 44.8x P/E is fair only if gross margins hold at 79.89% and subscription churn stays flat; either cracks, and the multiple compresses 10–15%. Catalyst: 2026Q2 earnings guidance on SMB customer adds and ASP trends will signal whether AI is eating into filing volumes. Risk: IRS Free File expansion or a TurboTax pricing miss could trigger a 15–20% drawdown if the Street loses faith in pricing power. At 44.8x trailing earnings with $14.60 EPS, the market is paying $666 per dollar of annual profit — sustainable only if growth accelerates or margins expand, neither likely in a slowing software cycle. I'm holding conviction at 0.68 because the downside risk outweighs upside from here.
G Gemini 3M Target $665.00 6M Target $710.00 Reasoning My thesis is that Intuit will drift higher as the market realizes its software ecosystem remains sticky despite AI-driven fears. The primary catalyst for a move toward 710 is the 2026Q2 earnings print, where I expect management to demonstrate that their AI-integrated tax solutions are actually driving higher average revenue per user. Conversely, an expansion of IRS-led free filing initiatives is the concrete risk that would break my thesis by eroding their core pricing power. At a trailing P/E of 44.76, investors are paying a premium that assumes Intuit can continue to extract high margins from small businesses. If that growth narrative holds, the valuation remains defensible for a dominant market leader.
C Chatgpt 3M Target $660.00 6M Target $700.00 Reasoning I think INTU should drift higher over 3-6 months if its moat stays intact and growth remains durable. Catalyst: the 2026Q2 earnings beat with stable margins and Morgan Stanley reaffirming its Top Pick could unlock multiple expansion. Risk: AI-driven competition and pricing pressure from tax software commoditization could compress margins or slow growth. P/E around 44.8x. That premium means INTU has to keep delivering above-market EPS growth to justify the multiple.

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.