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Intuit INTU Service — Cost of revenue

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Other financials

Income statement

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Revenue$8.6B+10.4%
Operating income$4.0B+8.1%
Net income$3.1B+8.7%
EPS (diluted)$11.09+10.7%

Balance sheet

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Cash & equivalents$11.9B+17.0%
Total debt$6.9B-2.6%
Total equity$20.6B+2.5%
Total assets$39.3B+7.5%

Cash flow

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Operating cash flow$5.3B+20.6%
CapEx$64.0M+82.9%
Free cash flow$5.2B+20.1%

Valuation

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Market cap$89.7B-58.7%
Enterprise value$84.69B-60.5%
P/E19.6×-36.6×
P/S4.3×-7.3×

Profitability

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Gross margin82.1%
Operating margin27.5%+2.3pp
Net margin21.9%+2.7pp
FCF margin37.1%+3.2pp

Returns & leverage

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Return on equity22.5%+4.6pp
Debt / equity0.3×0.0×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Intuit in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Intuit’s 10-Q, filed May 20, 2026.

Filed
May 20, 2026, 4:08 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000896878-26-000025
(In millions, except per share amounts)Three Months Ended / April 30,2026Three Months Ended / April 30,2025Nine Months Ended / April 30,2026Nine Months Ended / April 30,2025
Total net revenue8,5587,75417,09415,000
Costs and expenses:
Cost of revenue:
Cost of service revenue1,3171,1383,1222,790
Cost of product and other revenue14184752
Amortization of acquired technology4338131112
Selling and marketing1,7931,6184,2703,784
Research and development8407072,5192,127

Item 1. Financial Statements (Unaudited)

FAQ

What is Intuit's service — cost of revenue?
Intuit (INTU) reported service — cost of revenue of $1.32B in Q1 2026.
How has Intuit's service — cost of revenue changed year-over-year?
Intuit's service — cost of revenue increased by 15.7% year-over-year, from $1.14B to $1.32B.
What is the long-term trend for Intuit's service — cost of revenue?
Over 2 years (2021 to 2023), Intuit's service — cost of revenue has grown at a -78.5% compound annual growth rate (CAGR), from $1.56B to $72M.
What does service — cost of revenue mean?
This metric encompasses the direct costs incurred to deliver the company's service offerings, including personnel costs for support teams, cloud infrastructure hosting expenses, and third-party service fees. It reflects the operational efficiency of the service delivery model and the direct variable costs associated with maintaining service availability. Monitoring this helps assess the scalability of the service segment and the impact of operational leverage.

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