For the quarter ending 2026-01-31, INTU had -$160M decrease in cash & cash equivalents over the period. $1,524M in free cash flow.
| Cash Flow | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 |
|---|---|---|---|---|
| Net income | 693 | 446 | 381 | 2,820 |
| Depreciation | 44 | 44 | 43 | 43 |
| Amortization of acquired intangible assets | 165 | 165 | 165 | 158 |
| Non-cash operating lease cost | 26 | 23 | 19 | 19 |
| Share-based compensation expense | 521 | 543 | 490 | 469 |
| Deferred income taxes | 79 | 58 | -157 | -51 |
| Provision for credit losses | 105 | - | - | - |
| Other | 76 | 6 | -13 | -15 |
| Total adjustments | 864 | 827 | 573 | 653 |
| Originations and purchases of notes receivable held for sale | - | - | 0 | 0 |
| Sales and principal repayments of notes receivable held for sale | - | - | 0 | 0 |
| Accounts receivable | 596 | 49 | -196 | -293 |
| Income taxes receivable | 52 | -19 | 42 | -82 |
| Prepaid expenses and other assets | 85 | 119 | 56 | 19 |
| Accounts payable | 266 | -135 | -212 | -34 |
| Accrued compensation and related liabilities | 213 | -378 | 109 | 127 |
| Deferred revenue | 94 | 25 | 58 | -70 |
| Income taxes payable | -505 | - | - | 584 |
| Operating lease liabilities | -16 | -23 | -18 | -13 |
| Other liabilities | 110 | 24 | -2 | -28 |
| Total changes in operating assets and liabilities | -13 | 636 | 573 | -922 |
| Net cash provided by operating activities | 1,570 | 637 | 381 | 4,395 |
| Purchases of corporate and customer fund investments | 14 | 101 | 1,283 | 759 |
| Sales of corporate and customer fund investments | 4 | 115 | 152 | 35 |
| Maturities of corporate and customer fund investments | 168 | 1,473 | 208 | 19 |
| Purchases of property and equipment | 46 | 38 | -15 | 35 |
| Capitalization of internal use software | - | - | 40 | - |
| Acquisitions of businesses, net of cash acquired | - | - | 184 | - |
| Originations and purchases of notes receivable held for investment | 1,588 | 1,297 | 1,119 | 1,048 |
| Sales of notes receivable originally classified as held for investment | 382 | 213 | 262 | 54 |
| Principal repayments of notes receivable held for investment | 936 | 876 | 754 | 1,028 |
| Other | 542 | 43 | -10 | -290 |
| Net cash provided by (used in) investing activities | -700 | 1,198 | -1,225 | -416 |
| Proceeds from issuance of long-term debt, net of discount and issuance costs | - | - | 0 | 0 |
| Repayments of debt | - | - | 500 | 0 |
| Proceeds from borrowings under unsecured revolving credit facility | - | - | 0 | 0 |
| Repayments on borrowings under unsecured revolving credit facility | - | - | 0 | 0 |
| Proceeds from borrowings under secured revolving credit facilities | 20 | 166 | 65 | 145 |
| Repayments on borrowings under secured revolving credit facilities | - | - | 0 | 0 |
| Proceeds from issuance of stock under employee stock plans | 29 | 62 | 135 | 88 |
| Payments for employee taxes withheld upon vesting of restricted stock units | 210 | 244 | 370 | 176 |
| Cash paid for purchases of treasury stock | 933 | 854 | 746 | 752 |
| Dividends and dividend rights paid | 341 | 341 | 301 | 292 |
| Net change in funds receivable and funds payable and amounts due to customers | -404 | 3,160 | -1,856 | -1,834 |
| Other | -6 | -1 | 3 | 0 |
| Net cash used in financing activities | -1,037 | -4,372 | 142 | 847 |
| Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents | 7 | -1 | -1 | 16 |
| Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents | -160 | -2,538 | -703 | 4,842 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period | 6,943 | 9,481 | 10,184 | 5,342 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period | 6,783 | 6,943 | 9,481 | 10,184 |
INTUIT INC. (INTU)
INTUIT INC. (INTU)