Intuit (INTU) PRE 14A 15 Nov 24 Preliminary proxy Financial data

Cover

Cover	12 Months Ended
	Jul. 31, 2024
Document Information [Line Items]
Document Type	PRE 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	INTUIT INC.
Entity Central Index Key	0000896878

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Pay vs Performance Disclosure
Pay vs Performance Disclosure, Table	Fiscal Year Summary Compensation Table Total for CEO ($) (1) Compensation Actually Paid to CEO ($) (1) Average Summary Compensation Table Total For Non-CEO NEO ($) (1) Average Compensation Actually Paid to Non-CEO NEO ($) (1) Value of Initial Fixed $100 Investment Based on: Net Income ($ in millions) Company Selected Performance Measure: Revenue (4) ($ in millions) Total Shareholder Return ($) (2) Peer Group Total Shareholder Return ($) (3) 2024 36,572,360 61,326,002 16,178,844 25,795,683 216.61 214.72 2,963 16,285 2023 27,305,429 34,871,125 11,557,818 14,414,929 170.19 156.68 2,384 14,368 2022 27,174,857 18,442,842 13,385,497 9,760,839 150.61 124.74 2,066 12,726 2021 24,929,237 82,944,429 12,290,493 39,367,120 174.01 138.33 2,062 9,633
Company Selected Measure Name	revenue
Named Executive Officers, Footnote	The named executives included in the above table were: Fiscal Year CEO Non-CEO NEOs 2024 Sasan K. Goodarzi Sandeep S. Aujla, Laura A. Fennell, Mark Notarainni, and Marianna Tessel 2023 Sasan K. Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel 2022 Sasan K. Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Laura A. Fennell, and Marianna Tessel 2021 Sasan K. Goodarzi Michelle M. Clatterbuck, J. Alexander Chriss, Gregory N. Johnson, and Marianna Tessel
Peer Group Issuers, Footnote	The peer group for this purpose is the Morgan Stanley Technology Index, which is the industry peer group we use for purposes of Item 201(e) of Regulation S-K.
PEO Total Compensation Amount	$ 36,572,360	$ 27,305,429	$ 27,174,857	$ 24,929,237
PEO Actually Paid Compensation Amount	$ 61,326,002	34,871,125	18,442,842	82,944,429
Adjustment To PEO Compensation, Footnote	To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation: Fiscal 2024 CEO Average for Non-CEO NEOs $ SCT Total 36,572,360 16,178,844 Adjustments Deduction: Amounts reported under “Stock Awards” and “Option Awards” column in the SCT (1) (32,897,416) (14,578,256) Addition: Year-end fair value of equity awards granted in the fiscal year (2) 34,239,530 15,172,056 Addition: Fair value of awards on the vesting date for awards granted and vested during the fiscal year (2) — 77,403 Addition: Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of fiscal year-end (2) 8,668,369 2,430,144 Addition: Change in fair value from prior year-end to vesting date of awards granted in prior fiscal years that vested during the fiscal year (2) 14,743,159 6,515,492 Compensation Actually Paid 61,326,002 25,795,683 (1) Represents the grant date fair value of the equity-based awards computed in accordance with FASB ASC Topic 718 and disclosed in the SCT. (2) Reflects the adjustments made based on the value of equity awards calculated in accordance with the SEC methodology for determining CAP. The valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant.
Non-PEO NEO Average Total Compensation Amount	$ 16,178,844	11,557,818	13,385,497	12,290,493
Non-PEO NEO Average Compensation Actually Paid Amount	$ 25,795,683	14,414,929	9,760,839	39,367,120
Adjustment to Non-PEO NEO Compensation Footnote	To calculate Compensation Actually Paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation: Fiscal 2024 CEO Average for Non-CEO NEOs $ SCT Total 36,572,360 16,178,844 Adjustments Deduction: Amounts reported under “Stock Awards” and “Option Awards” column in the SCT (1) (32,897,416) (14,578,256) Addition: Year-end fair value of equity awards granted in the fiscal year (2) 34,239,530 15,172,056 Addition: Fair value of awards on the vesting date for awards granted and vested during the fiscal year (2) — 77,403 Addition: Change in fair value from prior year-end to current year-end of awards granted in prior years that were outstanding and unvested as of fiscal year-end (2) 8,668,369 2,430,144 Addition: Change in fair value from prior year-end to vesting date of awards granted in prior fiscal years that vested during the fiscal year (2) 14,743,159 6,515,492 Compensation Actually Paid 61,326,002 25,795,683 (1) Represents the grant date fair value of the equity-based awards computed in accordance with FASB ASC Topic 718 and disclosed in the SCT. (2) Reflects the adjustments made based on the value of equity awards calculated in accordance with the SEC methodology for determining CAP. The valuation assumptions used to calculate the fair values did not materially differ from those disclosed at the time of grant.
Compensation Actually Paid vs. Total Shareholder Return	Compensation Actually Paid versus TSR CEO Compensation Actually Paid Non-CEO NEO Average Compensation Actually Paid TSR Peer Group TSR
Compensation Actually Paid vs. Net Income	Compensation Actually Paid versus Net Income CEO Compensation Actually Paid Non-CEO NEO Average Compensation Actually Paid Net Income
Compensation Actually Paid vs. Company Selected Measure	Compensation Actually Paid versus Revenue CEO Compensation Actually Paid Non-CEO NEO Average Compensation Actually Paid Revenue
Total Shareholder Return Vs Peer Group	Compensation Actually Paid versus TSR CEO Compensation Actually Paid Non-CEO NEO Average Compensation Actually Paid TSR Peer Group TSR
Tabular List, Table	Below is an unranked list of the most important financial performance measures that we use to link Compensation Actually Paid to the NEOs, for the most recently completed fiscal year, to the Company’s performance: • Revenue • Non-GAAP operating income • Relative TSR
Total Shareholder Return Amount	$ 216.61	170.19	150.61	174.01
Peer Group Total Shareholder Return Amount	214.72	156.68	124.74	138.33
Net Income (Loss)	$ 2,963,000,000	$ 2,384,000,000	$ 2,066,000,000	$ 2,062,000,000
Company Selected Measure Amount	16,285,000,000	14,368,000,000	12,726,000,000	9,633,000,000
PEO Name	Sasan K. Goodarzi	Sasan K. Goodarzi	Sasan K. Goodarzi	Sasan K. Goodarzi
Additional 402(v) Disclosure	TSR for each of fiscal 2024, 2023, 2022, and 2021 is cumulative, reflecting the value of a fixed $100 investment beginning with the market close on July 31, 2020, the last trading day before fiscal 2021, through and including the end of the respective listed fiscal years, and that all dividends were reinvested. Our company selected financial measure, as required by Item 402(v) of Regulation S-K, is revenue, which, in our assessment, represents the most important financial performance measure linking fiscal 2024 NEO Compensation Actually Paid to company performance.
Measure:: 1
Pay vs Performance Disclosure
Name	Revenue
Measure:: 2
Pay vs Performance Disclosure
Name	Non-GAAP operating income
Measure:: 3
Pay vs Performance Disclosure
Name	Relative TSR
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	$ (32,897,416)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	34,239,530
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	8,668,369
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	14,743,159
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	(14,578,256)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	15,172,056
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	2,430,144
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	77,403
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year
Pay vs Performance Disclosure
Adjustment to Compensation, Amount	$ 6,515,492

Award Timing Disclosure

Award Timing Disclosure	12 Months Ended
	Jul. 31, 2024	Jul. 25, 2024 USD ($) $ / shares
Award Timing Disclosures [Line Items]
Award Timing MNPI Disclosure	Equity grants made to the CEO, Executive Vice Presidents, or other Section 16 officers must be approved by the Compensation Committee. Timing of grants. During fiscal 2024, equity awards to employees generally were granted on regularly scheduled predetermined dates. As part of Intuit’s annual performance and compensation review process, the Compensation Committee approves stock option, RSU and PSU awards to our NEOs within a few weeks before Intuit’s July 31 fiscal year-end. The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information and we do not time the release of material nonpublic information based on equity award grant dates. Option exercise price. The exercise price of a newly granted option (i.e., not an option assumed or substituted in connection with an acquisition) is the closing price of Intuit’s common stock on the Nasdaq stock market on the date of grant. As required by Item 402(x) of Regulation S-K under the Exchange Act, we are providing the following information about the stock options granted to our NEOs on July 25, 2024, the same business day that we filed a Form 8-K disclosing Mr. Norrod’s appointment to the Board. Name Grant date Number of Exercise Price Grant Date Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following Disclosure of Material Nonpublic Information Sasan K. Goodarzi 7/25/2024 45,879 626.32 8,650,027 2.1 % Sandeep S. Aujla 7/25/2024 18,564 626.32 3,500,057 2.1 % Laura A. Fennell 7/25/2024 18,564 626.32 3,500,057 2.1 % Mark Notarainni 7/25/2024 17,901 626.32 3,375,055 2.1 % Marianna Tessel 7/25/2024 21,879 626.32 4,125,067 2.1 %
Award Timing Predetermined	true
MNPI Disclosure Timed for Compensation Value	false
Awards Close in Time to MNPI Disclosures, Table	Name Grant date Number of Exercise Price Grant Date Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following Disclosure of Material Nonpublic Information Sasan K. Goodarzi 7/25/2024 45,879 626.32 8,650,027 2.1 % Sandeep S. Aujla 7/25/2024 18,564 626.32 3,500,057 2.1 % Laura A. Fennell 7/25/2024 18,564 626.32 3,500,057 2.1 % Mark Notarainni 7/25/2024 17,901 626.32 3,375,055 2.1 % Marianna Tessel 7/25/2024 21,879 626.32 4,125,067 2.1 %
Sasan K. Goodarzi [Member]
Awards Close in Time to MNPI Disclosures
Underlying Securities		45,879
Exercise Price | $ / shares		$ 626.32
Fair Value as of Grant Date		$ 8,650,027
Sasan K. Goodarzi [Member] | Employee Stock Option
Awards Close in Time to MNPI Disclosures
Name		Sasan K. Goodarzi
Underlying Security Market Price Change		0.021
Sandeep S. Aujla [Member]
Awards Close in Time to MNPI Disclosures
Underlying Securities		18,564
Exercise Price | $ / shares		$ 626.32
Fair Value as of Grant Date		$ 3,500,057
Sandeep S. Aujla [Member] | Employee Stock Option
Awards Close in Time to MNPI Disclosures
Name		Sandeep S. Aujla
Underlying Security Market Price Change		0.021
Laura A. Fennell [Member]
Awards Close in Time to MNPI Disclosures
Underlying Securities		18,564
Exercise Price | $ / shares		$ 626.32
Fair Value as of Grant Date		$ 3,500,057
Laura A. Fennell [Member] | Employee Stock Option
Awards Close in Time to MNPI Disclosures
Name		Laura A. Fennell
Underlying Security Market Price Change		0.021
Mark Notarainni [Member]
Awards Close in Time to MNPI Disclosures
Underlying Securities		17,901
Exercise Price | $ / shares		$ 626.32
Fair Value as of Grant Date		$ 3,375,055
Mark Notarainni [Member] | Employee Stock Option
Awards Close in Time to MNPI Disclosures
Name		Mark Notarainni
Underlying Security Market Price Change		0.021
Marianna Tessel [Member]
Awards Close in Time to MNPI Disclosures
Underlying Securities		21,879
Exercise Price | $ / shares		$ 626.32
Fair Value as of Grant Date		$ 4,125,067
Marianna Tessel [Member] | Employee Stock Option
Awards Close in Time to MNPI Disclosures
Name		Marianna Tessel
Underlying Security Market Price Change		0.021

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Jul. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true