Intuit Inc (INTU)
Operating profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,630,000 | 3,141,000 | 2,571,000 | 2,500,000 | 2,176,000 |
| Revenue | US$ in thousands | 16,285,000 | 14,368,000 | 12,726,000 | 9,633,000 | 7,679,000 |
| Operating profit margin | 22.29% | 21.86% | 20.20% | 25.95% | 28.34% |
July 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,630,000K ÷ $16,285,000K
= 22.29%
Intuit Inc's operating profit margin has shown fluctuations over the past five years. In the most recent period, as of July 31, 2024, the operating profit margin stood at 22.29%, representing a slight increase compared to the previous year's figure of 21.86%. However, it is lower than the operating profit margins reported in the two earlier years (2020 and 2021), which were 25.95% and 28.34%, respectively. The lowest operating profit margin in the provided timeframe was reported in July 31, 2022, at 20.20%.
Overall, Intuit Inc's operating profit margin has been relatively healthy, maintaining above the 20% threshold in recent years. However, the downward trend from 2020 to 2024 may indicate potential challenges in managing operating expenses and generating profits from core business operations. Further analysis of the company's cost structure and revenue streams would be necessary to understand the factors driving the changes in operating profit margins over time.
Peer comparison
Jul 31, 2024