Intuit Inc (INTU)
Gross profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,703,000 | 8,660,000 | 7,184,000 | 5,811,000 | 4,910,000 |
| Revenue | US$ in thousands | 16,285,000 | 14,368,000 | 12,726,000 | 9,633,000 | 7,679,000 |
| Gross profit margin | 59.58% | 60.27% | 56.45% | 60.32% | 63.94% |
July 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,703,000K ÷ $16,285,000K
= 59.58%
Intuit Inc's gross profit margin has shown some fluctuations over the past five years. In July 2024, the gross profit margin stood at 59.58%, representing a slight decrease compared to the previous year's margin of 60.27%. This decrease follows a trend from the prior year where the margin dipped to 56.45%.
The company experienced a significant decline in gross profit margin from July 2020 to July 2021, dropping from 63.94% to 60.32%. However, Intuit Inc managed to maintain a relatively stable margin in the most recent year, despite the slight decrease.
Overall, the company's gross profit margin has demonstrated variability over the years, reflecting potential shifts in the cost structure, pricing strategies, or competitive dynamics impacting Intuit's financial performance.
Peer comparison
Jul 31, 2024