NASDAQ · INTU

Intuit Inc.

Technology · Software - Application

$303.19▼ 3.17% ($9.94)at close

After hours$304.00▲ 0.27%7:59 PM ET

52-week

$252.84$705.08

Market cap

What the market price implies · Reverse DCF

To support a price of $303.19, this model requires revenue to grow by 3.45%/yr over the next 10 years, compounded annually.

Historical revenue grew by 13.94%/yr over the past 4 years. The required annual growth rate is 10.49 percentage points lower.

Selected forecast · Base scenario

8.82%/yr · actual 10-year annualized revenue growth

Year 1 growth: 13.83%

Market-implied · Base operating assumptions + edited margins

3.45%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$303.19

Estimated value / share

$465.32

Base scenario

This estimate is 53.47% above the price used.

USD · TTM ending 2026-07-31

Year 1 growth 13.83% · Ending margin 28.8% · Discount rate 9.84%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 18, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-07-31
Data refreshed: Sep 19, 2026, 9:19 AM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 27 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 68.3%.

Do you have 5+ years of positive FCFF history? 27 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? 10.0-year FCFF CAGR of 22.1% exceeds the 20.0% sustainability threshold — compounding current cash flows at that historical rate would produce an unreliable forward projection.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -55.08%Revenue (TTM): 13.9%FCF (TTM): 41.66%P/FCF: 0th pct

What changed

The stock fell 55.08% over the last year. Revenue grew 13.9% over the trailing twelve months. Operating margin moved from 26.14% to 28.8%. Free cash flow grew 41.66% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.

What would invalidate this read

This read changes if operating margin (currently 28.8%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States.

CEOSasan K. Goodarzi

SectorTechnology

IndustrySoftware - Application

Employees18,600

IPO dateMar 12, 1993

https://www.intuit.com

Market multiples

Forward P/E—

EV/EBITDA12.78

Enterprise value$90.95B

Stock splits

Jul 7, 2006↑ Forward

Every 1 shares became 2

+100%

Oct 1, 1999↑ Forward

Every 1 shares became 3

+200%

Aug 22, 1995↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth13.65%

Gross margin (FY2026)80.17%▼0.6ppvs FY2025

Operating margin (FY2026)28.8%▲2.7ppvs FY2025

ROE23.6%▲3.3ppYoY

Analyst consensus

RatingBuy

Target price$379.68▲25.23%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 19, 2026

Q4 FY26 · EPS est $2.46 · Revenue est $4.31B

View

Dividends

$4.98/shareQuarterlyDividend Achiever · 14yrEx-div Oct 8, 2026 · in 19dSafe

INTU pays a dividend with a 1.64% declared yield, 14 consecutive years of growth, growing at 15.24% annually, covered 6.4× by free cash flow.

Declared Yield

1.64%

Annual Div / Share

$4.98

TTM $4.80

5yr CAGR

+15.24%

Doubles every ~4.9yr

Payout Ratio

29.5%

Safe

Dividend Growth Rate

3yr CAGR

+15.41%

5yr CAGR

+15.24%

10yr CAGR

+14.92%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$4.98+15.3%

2025$4.32+15.5%

2024$3.74+15.4%

2023$3.24+14.9%

2022$2.82+15.1%

2021$2.45+12.4%

2020$2.18+12.4%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$16/yr

$1/mo

In 5 yrs

$29/yr+76%

$2/mo

In 10 yrs

$51/yr+211%

$4/mo

Today	In 5 yrs	In 10 yrs
$16/yr $1/mo	$29/yr+76% $2/mo	$51/yr+211% $4/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 1.64% → 5.1% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

INTU has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 6.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 15.24% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NASDAQ · INTU

Intuit Inc.

Technology · Software - Application

$303.19▼ 3.17% ($9.94)at close

After hours$304.00▲ 0.27%7:59 PM ET

52-week

$252.84$705.08

Market cap

What the market price implies · Reverse DCF

To support a price of $303.19, this model requires revenue to grow by 3.45%/yr over the next 10 years, compounded annually.

Historical revenue grew by 13.94%/yr over the past 4 years. The required annual growth rate is 10.49 percentage points lower.

Selected forecast · Base scenario

8.82%/yr · actual 10-year annualized revenue growth

Year 1 growth: 13.83%

Market-implied · Base operating assumptions + edited margins

3.45%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$303.19

Estimated value / share

$465.32

Base scenario

This estimate is 53.47% above the price used.

USD · TTM ending 2026-07-31

Year 1 growth 13.83% · Ending margin 28.8% · Discount rate 9.84%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 18, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-07-31
Data refreshed: Sep 19, 2026, 9:19 AM UTC · provider

Why this method?

Is FCFF positive and has it been for 3+ consecutive years? 27 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 68.3%.

Do you have 5+ years of positive FCFF history? 27 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -55.08%Revenue (TTM): 13.9%FCF (TTM): 41.66%P/FCF: 0th pct

What changed

The stock fell 55.08% over the last year. Revenue grew 13.9% over the trailing twelve months. Operating margin moved from 26.14% to 28.8%. Free cash flow grew 41.66% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

This read changes if operating margin (currently 28.8%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States.

CEOSasan K. Goodarzi

SectorTechnology

IndustrySoftware - Application

Employees18,600

IPO dateMar 12, 1993

https://www.intuit.com

Market multiples

Forward P/E—

EV/EBITDA12.78

Enterprise value$90.95B

Stock splits

Jul 7, 2006↑ Forward

Every 1 shares became 2

+100%

Oct 1, 1999↑ Forward

Every 1 shares became 3

+200%

Aug 22, 1995↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth13.65%

Gross margin (FY2026)80.17%▼0.6ppvs FY2025

Operating margin (FY2026)28.8%▲2.7ppvs FY2025

ROE23.6%▲3.3ppYoY

Analyst consensus

RatingBuy

Target price$379.68▲25.23%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 19, 2026

Q4 FY26 · EPS est $2.46 · Revenue est $4.31B

View

Dividends

$4.98/shareQuarterlyDividend Achiever · 14yrEx-div Oct 8, 2026 · in 19dSafe

INTU pays a dividend with a 1.64% declared yield, 14 consecutive years of growth, growing at 15.24% annually, covered 6.4× by free cash flow.

Declared Yield

1.64%

Annual Div / Share

$4.98

TTM $4.80

5yr CAGR

+15.24%

Doubles every ~4.9yr

Payout Ratio

29.5%

Safe

Dividend Growth Rate

3yr CAGR

+15.41%

5yr CAGR

+15.24%

10yr CAGR

+14.92%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$4.98+15.3%

2025$4.32+15.5%

2024$3.74+15.4%

2023$3.24+14.9%

2022$2.82+15.1%

2021$2.45+12.4%

2020$2.18+12.4%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$16/yr

$1/mo

In 5 yrs

$29/yr+76%

$2/mo

In 10 yrs

$51/yr+211%

$4/mo

Today	In 5 yrs	In 10 yrs
$16/yr $1/mo	$29/yr+76% $2/mo	$51/yr+211% $4/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 1.64% → 5.1% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

INTU has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Well-covered by free cash flow

The dividend is covered 6.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 15.24% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.