Intuit Inc (INTU)

Net profit margin

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Net income	US$ in thousands	2,963,000	2,384,000	2,066,000	2,062,000	1,826,000
Revenue	US$ in thousands	16,285,000	14,368,000	12,726,000	9,633,000	7,679,000
Net profit margin		18.19%	16.59%	16.23%	21.41%	23.78%

July 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,963,000K ÷ $16,285,000K
= 18.19%

Intuit Inc's net profit margin has displayed variability over the past five years, ranging from 16.23% to 23.78%. The net profit margin indicates the company's efficiency in converting revenue into profit after accounting for all costs. The downward trend from 2020 to 2022 suggests potential challenges in managing costs or revenue optimization. However, the margin rebounded in 2023 and 2024, indicating improved profitability. Further analysis of cost structure and revenue streams would be beneficial to understand the factors driving these fluctuations in Intuit Inc's net profit margin.