Intuit (Intuit) Retained Earnings : $15,140 Mil (As of Jan. 2024)

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What is Intuit Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Intuit's retained earnings for the quarter that ended in Jan. 2024 was $15,140 Mil.

Intuit's quarterly retained earnings declined from Jul. 2023 ($15,067 Mil) to Oct. 2023 ($15,047 Mil) but then increased from Oct. 2023 ($15,047 Mil) to Jan. 2024 ($15,140 Mil).

Intuit's annual retained earnings increased from Jul. 2021 ($12,296 Mil) to Jul. 2022 ($13,581 Mil) and increased from Jul. 2022 ($13,581 Mil) to Jul. 2023 ($15,067 Mil).

Intuit Retained Earnings Historical Data

The historical data trend for Intuit's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intuit Retained Earnings Chart

Intuit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Retained Earnings

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9,621.00

10,885.00

12,296.00

13,581.00

15,067.00

Intuit Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial															13,337.00	15,200.00	15,067.00	15,047.00	15,140.00

Intuit Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Intuit (NAS:INTU) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Intuit (Intuit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intuit Inc (NAS:INTU) » Definitions » Retained Earnings

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Traded in Other Exchanges

INTU:Mexico 1INTU:Italy ITUd:UK ITU:Germany ITU:Germany ITU:Germany INTU34:Brazil INTU:Austria

Address

2700 Coast Avenue, Mountain View, CA, USA, 94043

Website

https://www.intuit.com

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

Executives

Alex G. Balazs	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVE, MOUNTAIN VIEW CA 94043
Laura A Fennell	officer: VP, General Counsel, Corp. Sec	C/O INTUIT INC., PO BOX 7850, MOUNTAIN VIEW CA 94039-7850
Raul Vazquez	director	500 STAPLES DR., FRAMINGHAM MA 01702
Sasan K Goodarzi	officer: Senior Vice President	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Sandeep Aujla	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Mark P. Notarainni	officer: EVP, Consumer Group	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Marianna Tessel	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Lauren D Hotz	officer: VP, Chief Accounting Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
James Alexander Chriss	officer: EVP and GM SBSEG	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Kerry J Mclean	officer: SVP, General Counsel	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Michelle M Clatterbuck	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Ryan Roslansky	director	C/O GODADDY INC., 2155 E. GODADDY WAY, TEMPE AZ 85284
Eric S. Yuan	director	C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113
Eve B Burton	director	770 BROADWAY, NEW YORK NY 10003
Varun Krishna	officer: EVP, Consumer Group	2700 COAST AVENUE, MOUNTAIN VIEW CA 94043