Intuit Inc (INTU)
Return on equity (ROE)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,869,000 | 3,468,000 | 3,037,000 | 2,919,000 | 2,963,000 | 3,072,000 | 2,770,000 | 2,585,000 | 2,384,000 | 2,239,000 | 1,946,000 | 1,878,000 | 2,066,000 | 2,502,000 | 2,172,000 | 2,092,000 | 2,062,000 | 2,127,000 | 1,747,000 | 1,967,000 |
| Total stockholders’ equity | US$ in thousands | 19,710,000 | 20,125,000 | 17,949,000 | 18,136,000 | 18,436,000 | 18,757,000 | 16,908,000 | 16,992,000 | 17,269,000 | 17,592,000 | 15,842,000 | 16,067,000 | 16,441,000 | 16,961,000 | 15,595,000 | 9,733,000 | 9,869,000 | 9,955,000 | 8,868,000 | 5,245,000 |
| ROE | 19.63% | 17.23% | 16.92% | 16.10% | 16.07% | 16.38% | 16.38% | 15.21% | 13.81% | 12.73% | 12.28% | 11.69% | 12.57% | 14.75% | 13.93% | 21.49% | 20.89% | 21.37% | 19.70% | 37.50% |
July 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,869,000K ÷ $19,710,000K
= 19.63%
The analysis of Intuit Inc.'s return on equity (ROE) over the period from October 2020 to July 2025 reveals a pattern of initial fluctuation followed by a gradual upward trend.
In October 2020, the ROE was notably high at 37.50%, indicating strong profitability relative to shareholders' equity during that period. Subsequently, there was a significant decline by January 2021, with ROE decreasing to 19.70%, and it remained in a relatively lower range through April 2021 and July 2021 at 21.37% and 20.89% respectively. The ROE then experienced a slight increase to 21.49% in October 2021.
From early 2022 onwards, the ROE demonstrated a consistent downward trend, falling to 13.93% in January 2022 and further declining to a low of 11.69% in October 2022. This decline may reflect increased equity levels, reduced net income, or both, impacting overall profitability margins. The subsequent quarters saw marginal stabilization with ROE levels oscillating between approximately 12.28% and 14.75%.
Starting in late 2022 and through 2023, the ROE exhibited slow improvement, moving from around 12.28% in January 2023 to 15.21% in October 2023. This upward momentum continued into early 2024, reaching approximately 16.38% by January and April 2024, with slight fluctuation to 16.07% in July 2024 and a near stabilization at 16.10% in October 2024. The trend of increasing ROE persisted into 2025, with the figure rising to 16.92% in January, 17.23% in April, and reaching a peak of 19.63% in July 2025.
Overall, the data indicates that after experiencing a significant peak in late 2020, Intuit’s ROE generally declined and stabilized at lower levels through 2022 before demonstrating a consistent upward trajectory starting from late 2022 onward. This trend suggests improving profitability and possibly better efficiency or a more advantageous capital structure in the later period. The gradual increase towards mid-2025 points to a positive outlook in shareholder returns relative to equity during this timeframe.
Peer comparison
Jul 31, 2025