Intuit (INTU) 10-Q 25 Feb 25 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares shares in Thousands	6 Months Ended
	Jan. 31, 2025	Feb. 19, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2025
Document Transition Report	false
Entity File Number	0-21180
Entity Registrant Name	INTUIT INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0034661
Entity Address, Address Line One	2700 Coast Avenue
Entity Address, City or Town	Mountain View
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94043
City Area Code	650
Local Phone Number	944-6000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	INTU
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		279,562
Entity Central Index Key	0000896878
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Net revenue:
Total net revenue	$ 3,963	$ 3,386	$ 7,246	$ 6,364
Cost of revenue:
Amortization of acquired technology	37	36	74	74
Selling and marketing	1,204	1,020	2,166	1,789
Research and development	716	678	1,420	1,358
General and administrative	389	344	783	686
Amortization of other acquired intangible assets	120	120	240	240
Restructuring	4	0	13	0
Total costs and expenses	3,370	3,017	6,382	5,688
Operating income	593	369	864	676
Interest expense	(60)	(57)	(120)	(122)
Interest and other income, net	38	42	40	64
Income before income taxes	571	354	784	618
Income tax provision	100	1	116	24
Net income	$ 471	$ 353	$ 668	$ 594
Earnings Per Share, Basic
Basic net income per share (in dollars per share)	$ 1.68	$ 1.26	$ 2.38	$ 2.12
Shares used in basic per share calculations (in shares)	280	280	280	280
Earnings Per Share, Diluted
Diluted net income per share (in dollars per share)	$ 1.67	$ 1.25	$ 2.36	$ 2.10
Shares used in diluted per share calculations (in shares)	283	284	283	284
Service
Net revenue:
Total net revenue	$ 3,249	$ 2,693	$ 6,138	$ 5,143
Cost of revenue:
Cost of revenue	880	796	1,652	1,503
Product and other
Net revenue:
Total net revenue	714	693	1,108	1,221
Cost of revenue:
Cost of revenue	$ 20	$ 23	$ 34	$ 38

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 471	$ 353	$ 668	$ 594
Other comprehensive income (loss), net of income taxes:
Unrealized gain on available-for-sale debt securities	0	5	0	6
Foreign currency translation gain (loss)	(10)	13	(10)	(11)
Total other comprehensive income (loss), net	(10)	18	(10)	(5)
Comprehensive income	$ 461	$ 371	$ 658	$ 589

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,435	$ 3,609
Investments	24	465
Accounts receivable, net	1,017	457
Notes receivable held for investment, net	1,376	779
Notes receivable held for sale	14	3
Income taxes receivable	90	78
Prepaid expenses and other current assets	845	366
Current assets before funds receivable and amounts held for customers	5,801	5,757
Funds receivable and amounts held for customers	3,334	3,921
Total current assets	9,135	9,678
Long-term investments	88	131
Property and equipment, net	992	1,009
Operating lease right-of-use assets	518	411
Goodwill	13,841	13,844
Acquired intangible assets, net	5,505	5,820
Long-term deferred income tax assets	934	698
Other assets	669	541
Total assets	31,682	32,132
Current liabilities:
Short-term debt	500	499
Accounts payable	1,038	721
Accrued compensation and related liabilities	623	921
Deferred revenue	1,025	872
Other current liabilities	659	557
Current liabilities before funds payable and amounts due to customers	3,845	3,570
Funds payable and amounts due to customers	3,334	3,921
Total current liabilities	7,179	7,491
Long-term debt	5,760	5,539
Operating lease liabilities	573	458
Other long-term obligations	221	208
Total liabilities	13,733	13,696
Commitments and contingencies
Stockholders’ equity:
Preferred stock	0	0
Common stock and additional paid-in capital	20,995	20,251
Treasury stock, at cost	(20,041)	(18,750)
Accumulated other comprehensive loss	(64)	(54)
Retained earnings	17,059	16,989
Total stockholders’ equity	17,949	18,436
Total liabilities and stockholders’ equity	$ 31,682	$ 32,132

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Millions	Total	Shares of Common Stock	Common Stock and Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Retained Earnings
Beginning balance (in shares) at Jul. 31, 2023		280,421
Beginning balance at Jul. 31, 2023	$ 17,269		$ 19,029	$ (16,772)	$ (55)	$ 15,067
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	589				(5)	594
Issuance of stock under employee stock plans, net of shares withheld for employee taxes (in shares)		1,707
Issuance of stock under employee stock plans, net of shares withheld for employee taxes	(260)		(260)
Stock repurchases under stock repurchase programs (in shares)		(2,103)
Stock repurchases under stock repurchase programs	(1,139)			(1,139)
Dividends and dividend rights declared	(521)					(521)
Share-based compensation expense	970		970
Ending balance (in shares) at Jan. 31, 2024		280,025
Ending balance at Jan. 31, 2024	16,908		19,739	(17,911)	(60)	15,140
Beginning balance (in shares) at Oct. 31, 2023		280,105
Beginning balance at Oct. 31, 2023	16,992		19,398	(17,375)	(78)	15,047
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	371				18	353
Issuance of stock under employee stock plans, net of shares withheld for employee taxes (in shares)		857
Issuance of stock under employee stock plans, net of shares withheld for employee taxes	(134)		(134)
Stock repurchases under stock repurchase programs (in shares)		(937)
Stock repurchases under stock repurchase programs	(536)			(536)
Dividends and dividend rights declared	(260)					(260)
Share-based compensation expense	475		475
Ending balance (in shares) at Jan. 31, 2024		280,025
Ending balance at Jan. 31, 2024	16,908		19,739	(17,911)	(60)	15,140
Beginning balance (in shares) at Jul. 31, 2024		280,268
Beginning balance at Jul. 31, 2024	18,436		20,251	(18,750)	(54)	16,989
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	658				(10)	668
Issuance of stock under employee stock plans, net of shares withheld for employee taxes (in shares)		1,513
Issuance of stock under employee stock plans, net of shares withheld for employee taxes	$ (265)		(265)
Stock repurchases under stock repurchase programs (in shares)	(2,000)	(2,041)
Stock repurchases under stock repurchase programs	$ (1,291)			(1,291)
Dividends and dividend rights declared	(598)					(598)
Share-based compensation expense	1,009		1,009
Ending balance (in shares) at Jan. 31, 2025		279,740
Ending balance at Jan. 31, 2025	17,949		20,995	(20,041)	(64)	17,059
Beginning balance (in shares) at Oct. 31, 2024		280,121
Beginning balance at Oct. 31, 2024	18,136		20,619	(19,320)	(54)	16,891
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	461				(10)	471
Issuance of stock under employee stock plans, net of shares withheld for employee taxes (in shares)		745
Issuance of stock under employee stock plans, net of shares withheld for employee taxes	(122)		(122)
Stock repurchases under stock repurchase programs (in shares)		(1,126)
Stock repurchases under stock repurchase programs	(721)			(721)
Dividends and dividend rights declared	(303)					(303)
Share-based compensation expense	498		498
Ending balance (in shares) at Jan. 31, 2025		279,740
Ending balance at Jan. 31, 2025	$ 17,949		$ 20,995	$ (20,041)	$ (64)	$ 17,059

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Statement of Stockholders' Equity [Abstract]
Dividends and dividend rights declared (in dollars per share)	$ 1.04	$ 0.90	$ 2.08	$ 1.80

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Cash flows from operating activities:
Net income	$ 668	$ 594
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	86	69
Amortization of acquired intangible assets	314	314
Non-cash operating lease cost	37	43
Share-based compensation expense	1,009	970
Deferred income taxes	(227)	(310)
Other	99	55
Total adjustments	1,318	1,141
Originations and purchases of loans held for sale	0	(96)
Sales and principal repayments of loans held for sale	0	76
Changes in operating assets and liabilities:
Accounts receivable	(560)	(522)
Income taxes receivable	(13)	(97)
Prepaid expenses and other assets	(208)	(4)
Accounts payable	319	151
Accrued compensation and related liabilities	(300)	(119)
Deferred revenue	154	(37)
Income taxes payable	22	(697)
Operating lease liabilities	(46)	(33)
Other liabilities	77	159
Total changes in operating assets and liabilities	(555)	(1,199)
Net cash provided by operating activities	1,431	516
Cash flows from investing activities:
Purchases of corporate and customer fund investments	(321)	(92)
Sales of corporate and customer fund investments	133	490
Maturities of corporate and customer fund investments	637	456
Purchases of property and equipment	(64)	(147)
Originations and purchases of loans held for investment	(1,825)	(1,140)
Sales of loans originally classified as held for investment	246	0
Principal repayments of loans held for investment	924	709
Other	(407)	(32)
Net cash provided by (used in) investing activities	(677)	244
Cash flows from financing activities:
Proceeds from issuance of long-term debt, net of discount and issuance costs	0	3,956
Repayments of debt	0	(4,200)
Proceeds from borrowings under unsecured revolving credit facility	0	100
Repayments on borrowings under unsecured revolving credit facility	0	(100)
Proceeds from borrowings under secured revolving credit facilities	219	95
Repayments on borrowings under secured revolving credit facilities	0	(25)
Proceeds from issuance of stock under employee stock plans	175	169
Payments for employee taxes withheld upon vesting of restricted stock units	(436)	(430)
Cash paid for purchases of treasury stock	(1,274)	(1,135)
Dividends and dividend rights paid	(596)	(516)
Net change in funds receivable and funds payable and amounts due to customers	(583)	2,921
Other	(4)	(2)
Net cash provided by (used in) financing activities	(2,499)	833
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents	(12)	(4)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents	(1,757)	1,589
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	7,099	2,852
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	5,342	4,441
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within the condensed consolidated balance sheets to the total amounts reported on the condensed consolidated statements of cash flows
Cash and cash equivalents	2,435	1,474
Restricted cash and restricted cash equivalents included in funds receivable and amounts held for customers	2,907	2,967
Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	5,342	4,441
Supplemental schedule of non-cash investing activities:
Transfers of loans originated or purchased as held for investment to held for sale	$ 248	$ 0

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jan. 31, 2025
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	1. Description of Business and Summary of Significant Accounting Policies Description of Business Intuit Inc. (Intuit, we, us, or our) helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. We also provide specialized tax products to accounting professionals. We help consumers do their taxes with ease and confidence, understand their financial picture, build credit, save more to make ends meet, get their largest tax refund, pay off debt, and receive personalized suggestions on how to grow their money. We help small and mid-market businesses grow and run their business all in one place, including bookkeeping, getting paid, accessing capital, paying employees, getting and retaining customers, and managing their customer relationships. We do this through our global AI-driven expert platform and our offerings including TurboTax, Credit Karma, QuickBooks, and Mailchimp. Lacerte, ProSeries, and ProConnect Tax Online are our leading tax preparation offerings for professional accountants. Incorporated in 1984 and headquartered in Mountain View, California, we sell our products and services primarily in the United States (U.S.). Basis of Presentation These condensed consolidated financial statements include the financial statements of Intuit and its wholly-owned subsidiaries. We have eliminated all intercompany balances and transactions in consolidation. We have included all adjustments, consisting only of normal recurring items, which we considered necessary for a fair presentation of our financial results for the interim periods presented. We have reclassified certain amounts previously reported in our financial statements to conform to the current presentation. On August 1, 2024, we renamed our Small Business & Self-Employed segment as the Global Business Solutions segment. This new name better aligns with the global reach of the Mailchimp and QuickBooks platform, our focus on serving both small and mid-market businesses, and our vision to become the end-to-end platform that customers use to grow and run their business. See Note 12, "Segment Information , " for more information. On August 1, 2024, we reorganized certain technology and customer success functions in our Global Business Solutions, Consumer, and ProTax segments that support and benefit our overall platform and are managed at that level rather than at the segment level. As a result of these reorganizations, costs associated with these functions are no longer included in segment operating income and are now included in other corporate expenses. For the three and six months ended January 31, 2024, we reclassified expenses totaling $350 million and $682 million from Global Business Solutions , $129 million and $194 million from Consumer, and $8 million and $16 million from ProTax to other corporate expenses, respectively, to conform to the current presentation. See Note 12, "Segment Information," for more information. These unaudited condensed consolidated financial statements and accompanying notes should be read together with the audited consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024. Results for the six months ended January 31, 2025 are not necessarily indicative of the results we expect for the fiscal year ending July 31, 2025 or any other future period. Seasonality Our Consumer and ProTax offerings have a significant and distinct seasonal pattern as sales and revenue from our income tax preparation products and services are typically heavily concentrated in the period from November through April. This seasonal pattern typically results in higher net revenues during our second and third quarters ending January 31 and April 30, respectively. Significant Accounting Policies We described our significant accounting policies in Note 1 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024. There have been no changes to our significant accounting policies during the first six months of fiscal 2025. Use of Estimates In preparing our condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP), we make certain judgments, estimates, and assumptions that affect the amounts reported in our financial statements and the disclosures made in the accompanying notes. For example, we use judgments and estimates in determining how revenue should be recognized. These judgments and estimates include identifying performance obligations, determining if the performance obligations are distinct, determining the standalone sales price (SSP) and timing of revenue recognition for each distinct performance obligation, and estimating variable consideration to be included in the transaction price. We use estimates in determining the collectibility of accounts receivable and notes receivable held for investment, the appropriate levels of various accruals including accruals for litigation contingencies, the discount rate used to calculate lease liabilities, the amount of our worldwide tax provision, the realizability of deferred tax assets, the credit losses of available-for-sale debt securities, reserves for losses, the fair value of assets acquired and liabilities assumed for business combinations, and the fair value of notes receivable held for sale. We also use estimates in determining the remaining economic lives and fair values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Despite our intention to establish accurate estimates and use reasonable assumptions, actual results may differ from our estimates. Computation of Net Income Per Share We compute basic net income or loss per share using the weighted-average number of common shares outstanding during the period. We compute diluted net income per share using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the shares issuable upon the exercise of stock options and upon the vesting of restricted stock units (RSUs) under the treasury stock method. We include stock options with combined exercise prices and unrecognized compensation expense that are less than the average market price for our common stock, and RSUs with unrecognized compensation expense that is less than the average market price for our common stock, in the calculation of diluted net income per share. We exclude stock options with combined exercise prices and unrecognized compensation expense that are greater than the average market price for our common stock, and RSUs with unrecognized compensation expense that is greater than the average market price for our common stock, from the calculation of diluted net income per share because their effect is anti-dilutive. Under the treasury stock method, the amount that must be paid to exercise stock options and the amount of compensation expense for future service that we have not yet recognized for stock options and RSUs are assumed to be used to repurchase shares. Dividend rights apply to all RSUs that we grant and are accumulated and paid when the underlying RSUs vest. Since the dividend rights are subject to the same vesting requirements as the underlying equity awards, they are considered a contingent transfer of value. Consequently, the RSUs are not considered participating securities, and we do not present them separately in earnings per share. In loss periods, basic net loss per share and diluted net loss per share are the same since the effect of potential common shares is anti-dilutive and therefore excluded. The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated. Three Months Ended Six Months Ended (In millions, except per share amounts) January 31, January 31, January 31, January 31, Numerator: Net income $ 471 $ 353 $ 668 $ 594 Denominator: Shares used in basic per share amounts: Weighted-average common shares outstanding 280 280 280 280 Shares used in diluted per share amounts: Weighted-average common shares outstanding 280 280 280 280 Dilutive potential common equivalent shares from share-based awards 3 4 3 4 Dilutive weighted-average common shares outstanding 283 284 283 284 Basic and diluted net income per share: Basic net income per share $ 1.68 $ 1.26 $ 2.38 $ 2.12 Diluted net income per share $ 1.67 $ 1.25 $ 2.36 $ 2.10 Shares excluded from diluted net income per share: Weighted-average share-based awards that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect — — — 1 Deferred Revenue We record deferred revenue when we have entered into a contract with a customer, and cash payments are received or due prior to transfer of control or satisfaction of the related performance obligation. During the three and six months ended January 31, 2025, we recognized revenue of $194 million and $718 million, respectively, that was included in deferred revenue at July 31, 2024. During the three and six months ended January 31, 2024, we recognized revenue of $167 million and $805 million, respectively, that was included in deferred revenue at July 31, 2023. Our performance obligations are generally satisfied within 12 months of the initial contract date. As of January 31, 2025 and July 31, 2024, the deferred revenue balance related to performance obligations that will be satisfied after 12 months was $3 million and $4 million, respectively, and is included in other long-term obligations on our condensed consolidated balance sheets. Concentration of Credit Risk and Significant Customers No customer accounted for 10% or more of total net revenue in the three or six months ended January 31, 2025 or January 31, 2024. No customer accounted for 10% or more of gross accounts receivable at January 31, 2025 or July 31, 2024. Accounting Standards Not Yet Adopted Segment Information - In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This standard requires incremental segment information disclosures, including disclosures of significant segment expenses that are regularly provided to the chief operating decision maker (CODM), a description of other segment items by reportable segment, and any additional measures of a segment's profit or loss used by the CODM when deciding how to allocate resources. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, which means that it will be effective for our annual reporting for the fiscal year ending July 31, 2025 and for interim period reporting beginning in fiscal 2026. Early adoption is permitted, and retrospective adoption is required for all prior periods presented. We are currently evaluating the impact of our pending adoption of ASU 2023-07 on our consolidated financial statements and related disclosures. Income Tax - In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." This standard requires additional disclosures related to the income tax rate reconciliation, income taxes paid by jurisdiction, and other income tax-related disclosures. The standard is effective for fiscal years beginning after December 15, 2024, which means that it will be effective for us for the fiscal year ending July 31, 2026. Early adoption is permitted on either a prospective or retrospective basis. We are currently evaluating the impact of our pending adoption of ASU 2023-09 on our consolidated financial statements and related disclosures. Income Statement - Expense Disaggregation - In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," and in January 2025, the FASB issued ASU 2025-01, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date," which clarified the effective date of ASU 2024-03. This standard requires entities to disaggregate operating expenses into specific categories such as employee compensation, depreciation, and intangible asset amortization, by relevant expense caption on the statement of operations. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, which means that it will be effective for our annual reporting for the fiscal year ending July 31, 2028 and for interim period reporting beginning in fiscal 2029. Early adoption is permitted on either a prospective or retrospective basis. We are currently evaluating the impact of our pending adoption of ASU 2024-03 on our consolidated financial statements and related disclosures.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jan. 31, 2025
Fair Value Disclosures [Abstract]
Fair Value Measurements	2. Fair Value Measurements Fair Value Hierarchy The authoritative guidance defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. When determining fair value, we consider the principal or most advantageous market for an asset or liability and assumptions that market participants would use when pricing the asset or liability. In addition, we consider and use all valuation methods that are appropriate in estimating the fair value of an asset or liability. The authoritative guidance establishes a fair value hierarchy that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities. In general, the authoritative guidance requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the measurement of its fair value. The three levels of input defined by the authoritative guidance are as follows: • Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. • Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data for substantially the full term of the assets or liabilities. • Level 3 uses one or more unobservable inputs that are supported by little or no market activity and that are significant to the determination of fair value. Level 3 assets and liabilities include those whose fair values are determined using pricing models, discounted cash flow methodologies, or similar valuation techniques and significant management judgment or estimation. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above. January 31, 2025 July 31, 2024 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Cash equivalents, primarily money market funds $ 1,193 $ — $ 1,193 $ 2,538 $ — $ 2,538 Available-for-sale debt securities: Corporate notes — 159 159 — 456 456 U.S. agency securities — 15 15 — 159 159 Total available-for-sale debt securities — 174 174 — 615 615 Total assets measured at fair value on a recurring basis $ 1,193 $ 174 $ 1,367 $ 2,538 $ 615 $ 3,153 The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents: In cash and cash equivalents $ 1,171 $ — $ 1,171 $ 2,538 $ — $ 2,538 In funds receivable and amounts held for customers 22 — 22 — — — Total cash equivalents $ 1,193 $ — $ 1,193 $ 2,538 $ — $ 2,538 Available-for-sale debt securities: In investments $ — $ 24 $ 24 $ — $ 465 $ 465 In funds receivable and amounts held for customers — 150 150 — 150 150 Total available-for-sale debt securities $ — $ 174 $ 174 $ — $ 615 $ 615 We value our Level 1 assets, consisting primarily of money market funds, using quoted prices in active markets for identical instruments. Financial assets whose fair values we measure on a recurring basis using Level 2 inputs consist of corporate notes and U.S. agency securities. We measure the fair values of these assets with the help of a pricing service that either provides quoted market prices in active markets for identical or similar securities or uses observable inputs for their pricing without applying significant adjustments. Our fair value processes include controls designed to ensure that we record appropriate fair values for our Level 2 investments. These controls include comparison to pricing provided by a secondary pricing service or investment manager, validation of pricing sources and models, review of key model inputs, analysis of period-over-period price fluctuations, and independent recalculation of prices where appropriate. Financial assets whose fair values we measure using Level 3 inputs consist of notes receivable held for sale. These loans are recorded at the lower of cost or fair value. As of January 31, 2025 and July 31, 2024, total notes receivable held for sale were not material and the difference between amortized cost and fair value was not material. Financial liabilities whose fair values we measure using Level 2 inputs consist of senior unsecured notes. We measure the fair value of our senior unsecured notes based on their trading prices and the interest rates we could obtain for other borrowings with similar terms. At the reporting periods ended January 31, 2025 and July 31, 2024, the total estimated fair value of the senior unsecured notes was $5.4 billion and $5.5 billion, respectively. At each of the reporting periods ended January 31, 2025 and July 31, 2024, the carrying value of the senior unsecured notes was $5.5 billion. See Note 6, “Debt , ” for more information. There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the six months ended January 31, 2025. Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis Long-term investments primarily include non-marketable equity securities in privately-held companies that do not have a readily determinable fair value. They are accounted for at cost and adjusted based on observable price changes from orderly transactions for identical or similar investments of the same issuer, or impairment. These investments are classified as Level 3 in the fair value hierarchy because we estimate the value of these investments using a valuation method based on observable transaction price changes at the transaction date. We recognized $8 million of upward adjustments during the three and six months ended January 31, 2025. We recognized $4 million of upward adjustments during the three and six months ended January 31, 2024. Downward adjustments recognized during the three and six months ended January 31, 2025 amounted to $9 million and $51 million, respectively. We recognized no downward adjustments during the three and six months ended January 31, 2024. Cumulative upward adjustments amounted to $82 million, and cumulative downward adjustments, including impairments, amounted to $69 million through January 31, 2025 for measurement alternative investments held as of January 31, 2025. The carrying value of long-term investments on our condensed consolidated balance sheets was $88 million and $131 million at January 31, 2025 and July 31, 2024, respectively.

Cash and Cash Equivalents, Inve

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers	6 Months Ended
	Jan. 31, 2025
Cash And Cash Equivalents, Investments, And Funds Receivable And Amounts Held For Customers [Abstract]
Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers	3. Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. In all periods presented, cash equivalents consist primarily of money market funds. Investments consist primarily of investment-grade available-for-sale debt securities. Funds receivable and amounts held for customers represent funds receivable from third-party payment processors for customer transactions, funds in transit to our customers, and funds held on behalf of our customers that are invested in cash and cash equivalents and investment-grade available-for-sale securities, restricted for use solely for the purpose of satisfying amounts we owe on behalf of our customers. Our obligations with respect to funds we transmit on behalf of our customers are satisfied when the funds are settled in the customers' accounts. These obligations, including funds in transit to our customers, are reflected in funds payable and amounts due to customers in the accompanying condensed consolidated balance sheets. Except for direct obligations of the U.S. government, securities issued by agencies of the U.S. government, and money market funds, we diversify our investments in debt securities by limiting our holdings with any individual issuer. The following table summarizes our cash and cash equivalents, investments, and funds receivable and amounts held for customers by balance sheet classification at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Classification on condensed consolidated balance sheets: Cash and cash equivalents $ 2,435 $ 2,435 $ 3,609 $ 3,609 Investments 24 24 465 465 Funds receivable and amounts held for customers 3,334 3,334 3,921 3,921 Total cash and cash equivalents, investments, and funds receivable and amounts held for customers $ 5,793 $ 5,793 $ 7,995 $ 7,995 The following table summarizes our cash and cash equivalents, investments, and relevant portion of funds receivable and amounts held for customers by investment category at the dates indicated. As of January 31, 2025 and July 31, 2024, this excludes $277 million and $281 million, respectively, of funds receivable on our condensed consolidated balance sheets in funds receivable and amounts held for customers that were not measured and recorded at fair value. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Type of issue: Total cash, cash equivalents, restricted cash, $ 5,342 $ 5,342 $ 7,099 $ 7,099 Available-for-sale debt securities: Corporate notes 158 159 456 456 U.S. agency securities 16 15 159 159 Total available-for-sale debt securities 174 174 615 615 Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments $ 5,516 $ 5,516 $ 7,714 $ 7,714 We use the specific identification method to compute gains and losses on investments. We include realized gains and losses on our available-for-sale debt securities in interest and other income, net in our condensed consolidated statements of operations. Gross realized gains and losses on our available-for-sale debt securities for the six months ended January 31, 2025 and January 31, 2024 were not material. We accumulate unrealized gains and losses on our available-for-sale debt securities, net of tax, in accumulated other comprehensive income or loss in the stockholders’ equity section of our condensed consolidated balance sheets, except for certain unrealized losses described below. Gross unrealized gains and losses on our available-for-sale debt securities at January 31, 2025 and July 31, 2024 were not material. For available-for-sale debt securities in an unrealized loss position, we determine whether a credit loss exists. The estimate of the credit loss is determined by considering available information relevant to the collectibility of the security and information about past events, current conditions, and reasonable and supportable forecasts. The allowance for credit loss is recorded to interest and other income, net in our condensed consolidated statements of operations, not to exceed the amount of the unrealized loss. Any excess unrealized loss greater than the allowance for credit loss at a security level is recognized in accumulated other comprehensive income or loss in the stockholders' equity section of our condensed consolidated balance sheets. We determined there were no credit losses related to available-for-sale debt securities as of January 31, 2025. Unrealized losses on available-for-sale debt securities at January 31, 2025 were not material. We do not intend to sell these investments. In addition, it is m ore likely than not that we will not be required to sell them before recovery of the amortized cost basis, which may be at maturity. The following table summarizes our available-for-sale debt securities, included in investments and relevant portion of funds receivable and amounts held for customers, classified by the stated maturity date of the security at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Due within one year $ 72 $ 71 $ 517 $ 516 Due within two years 57 58 55 56 Due within three years 45 45 43 43 Total available-for-sale debt securities $ 174 $ 174 $ 615 $ 615 The following table summarizes our funds receivable and amounts held for customers by asset category at the dates indicated. (In millions) January 31, 2025 July 31, Restricted cash and restricted cash equivalents $ 2,907 $ 3,490 Restricted available-for-sale debt securities and funds receivable 427 431 Total funds receivable and amounts held for customers $ 3,334 $ 3,921 (In millions) January 31, 2024 July 31, Restricted cash and restricted cash equivalents $ 2,967 $ 4 Restricted available-for-sale debt securities and funds receivable 423 416 Total funds receivable and amounts held for customers $ 3,390 $ 420

Notes Receivable and Allowances

Notes Receivable and Allowances for Credit Losses	6 Months Ended
	Jan. 31, 2025
Receivables [Abstract]
Notes Receivable and Allowances for Credit Losses	4. Notes Receivable and Allowances for Credit Losses As of January 31, 2025, our notes receivable portfolio consisted of notes receivable held for investment, including term loans to small businesses and refund advance loans to consumers, and notes receivable held for sale, including term loans to small businesses. We classify loans as notes receivable held for investment when we have both the intent and ability to hold until maturity or payoff. We classify loans as notes receivable held for sale when we have the intent and ability to sell substantially all of our rights, title, and interests in these qualified loans to a third-party investor. A loan that is initially designated as held for sale or held for investment may be reclassified when our intent for that loan changes. When a loan held for investment is reclassified to held for sale and recorded at the lower of amortized cost or fair value, the related allowance for credit loss for that loan is released, and any adjustment to record the loan at the lower of amortized cost or fair value is recorded. Notes Receivable Held for Investment Term loans to small businesses. We provide financing to small businesses via term loans that we originate directly or through an originating bank partner. During the six months ended January 31, 2025 and January 31, 2024, we purchased term loans from our originating bank partner with principal balances in the amount of $1.5 billion and $748 million, respectively. As of January 31, 2025, we had commitments to purchase $25 million in term loans that were originated on or prior to January 31, 2025. The term loans are not secured and are recorded at amortized cost, which includes unpaid principal balances, deferred origination costs, and any related discount or premium, net of allowances for credit losses. As of January 31, 2025 and July 31, 2024, the net notes receivable held for investment balance for term loans to small businesses was $1.2 billion and $912 million, respectively. The current portion is included in notes receivable held for investment and the long-term portion is included in other assets on our condensed consolidated balance sheets. We maintain an allowance for credit losses on loans held for investment to reserve for lifetime expected credit losses in the loan portfolio. The allowance for credit losses is determined based on our current estimate of lifetime expected credit losses, historical credit losses, estimates of recoveries, and future expectations as of each balance sheet date. We evaluate the creditworthiness of our term loan portfolio on a pooled basis due to its composition of loans with similar general credit risk and characteristics. The allowance is subjective and requires management estimates, including such factors as known and inherent risks in the loan portfolio, historical losses, adverse situations that may affect borrowers' ability to repay, and current and forecasted economic conditions. Expected credit losses are measured based on a loss forecasting model and calculated by applying loss curves derived from loan level risk segment and term mixes, aggregated at monthly loan vintages. Loss curves are estimated based on a combination of empirical loss curve data and management judgment. The methodologies are updated periodically to reflect factors such as actual loan performance and changes in assumptions based on loan risk characteristics. We use empirical data and management judgment to estimate losses for new credit tests or products for which we do not have enough history. When available information confirms that the specific loans or portions thereof are uncollectible, identified amounts are charged off against the allowance for credit losses. Loans are charged off in accordance with our charge-off policy, as the contractual principal becomes 120 days past due or meets other charge-off policy requirements. Subsequent recoveries of the unpaid principal balance, if any, are credited to the allowance for credit losses. As of January 31, 2025 and July 31, 2024, the allowances for credit losses were not material. During the six months ended January 31, 2025 and January 31, 2024, the amount of charge-offs recorded and the amount of recoveries on term loans to small businesses were not material. We consider a loan to be delinquent when the payments are one day past due. We place delinquent term loans on nonaccrual status and stop accruing interest revenue. Term loans are returned to accrual status if they are brought current or have performed in accordance with the contractual terms for a reasonable period of time and, in our judgment, will continue to make periodic principal and interest payments as per contractual terms. Past due amounts were not material for all periods presented. Interest revenue is earned on term loans originated and purchased and held for investment in accordance with the specified period of time and defined interest rate noted in the loan contract. Interest revenue is recorded net of amortized deferred origination fees and costs, and loan discounts, and is included in service revenue in our condensed consolidated statements of operations. Interest revenue was not material for all periods presented. Refund Advance Loans. Refund advance loans are loans available to eligible TurboTax customers based on a customer's anticipated income tax refund, at no cost to the customer. The loans are repaid from the customer's income tax refund, which is generally received within three to four weeks after acceptance of the customer's income tax return by the Internal Revenue Service (IRS). We partner with third-party issuing banks to originate the loans and subsequently purchase full participating interests in those loans. The refund advance loans are not secured and are recorded at amortized cost, net of an allowance for credit losses. As of January 31, 2025 and July 31, 2024, the net notes receivable balances for refund advance loans were $268 million and $4 million, respectively. As of January 31, 2025, we had commitments to purchase $30 million in refund advance loans that were originated on or prior to January 31, 2025. We maintain an allowance for credit losses to reserve for potentially uncollectible loans. We estimate the allowance based on expected funding of refunds by the IRS using historical trends. When we determine that any amounts are uncollectible, we charge them off against the allowance. As of January 31, 2025 and July 31, 2024, the allowances for credit losses on refund advance loans were not material. Notes Receivable Held for Sale Term loans to small businesses. We have entered into two forward flow arrangements that facilitate the sale of participation interests in unsecured term loans to small businesses. In August 2023, we entered into a forward flow arrangement with an institutional investor (2023 Forward Flow Agreement), which has since been amended, most recently in January 2025. Pursuant to the amended 2023 Forward Flow Agreement, we have a commitment to sell to the institutional investor a minimum of approximately $8 million monthly and $350 million cumulatively in participation interests in unsecured term loans to small businesses over four years, subject to certain eligibility criteria. As of January 31, 2025, we have met the cumulative commitment to sell term loans under this arrangement, and the remaining monthly commitments total $225 million through July 31, 2027. In January 2025, we entered into a forward flow arrangement with an institutional investor (2025 Forward Flow Agreement) that terminates on July 23, 2029. Pursuant to the 2025 Forward Flow Agreement, we have a commitment to sell to the institutional investor a minimum of $300 million in participation interests in unsecured term loans to small businesses over the first 18 months of the arrangement, subject to certain eligibility criteria. The 2025 Forward Flow Agreement also includes monthly commitments that vary based on certain conditions, up to a maximum of $45 million. As of January 31, 2025, the remaining cumulative commitment totals $300 million. Notes receivable held for sale are recorded at the lower of amortized cost or fair value determined on an individual loan basis. We recognize a gain or loss on sale of loans sold to third parties by calculating the difference between the proceeds received and the carrying value of the loans sold. As of January 31, 2025 and July 31, 2024, the balances of notes receivable held for sale were $14 million and $3 million, respectively, and are included in notes receivable held for sale on our condensed consolidated balance sheets. Total sales of term loans during the six months ended January 31, 2025 and January 31, 2024 amounted to $237 million and $74 million, respectively. For the three and six months ended January 31, 2025 and January 31, 2024, gains on sales of loans were not material.

Acquired Intangible Assets

Acquired Intangible Assets	6 Months Ended
	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets	5. Acquired Intangible Assets The following table shows the cost, accumulated amortization, and weighted-average life in years for our acquired intangible assets at the dates indicated. The weighted-average lives are calculated for assets that are not fully amortized. (Dollars in millions) Customer Purchased Trade Total At January 31, 2025: Cost $ 6,195 $ 1,648 $ 680 $ 8,523 Accumulated amortization (1,819) (979) (220) (3,018) Acquired intangible assets, net $ 4,376 $ 669 $ 460 $ 5,505 Weighted-average life in years 14 8 13 13 At July 31, 2024: Cost $ 6,196 $ 1,648 $ 680 $ 8,524 Accumulated amortization (1,605) (905) (194) (2,704) Acquired intangible assets, net $ 4,591 $ 743 $ 486 $ 5,820 Weighted-average life in years 14 8 13 13 The following table shows the expected future amortization expense for our acquired intangible assets at January 31, 2025. Amortization of purchased technology is charged to amortization of acquired technology in our condensed consolidated statements of operations. Amortization of other acquired intangible assets, such as customer lists, is charged to amortization of other acquired intangible assets in our condensed consolidated statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges. (In millions) Expected Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 315 2026 627 2027 602 2028 586 2029 581 Thereafter 2,794 Total expected future amortization expense $ 5,505

Debt

Debt	6 Months Ended
	Jan. 31, 2025
Debt Disclosure [Abstract]
Debt	6. Debt The carrying value of our debt was as follows at the dates indicated: (Dollars in millions) January 31, July 31, Effective Senior unsecured notes issued June 2020: 0.950% notes due July 2025 $ 500 $ 500 1.127% 1.350% notes due July 2027 500 500 1.486% 1.650% notes due July 2030 500 500 1.767% Senior unsecured notes issued September 2023: 5.250% notes due September 2026 750 750 5.325% 5.125% notes due September 2028 750 750 5.258% 5.200% notes due September 2033 1,250 1,250 5.312% 5.500% notes due September 2053 1,250 1,250 5.576% Secured revolving credit facilities 804 585 Total principal balance of debt 6,304 6,085 Unamortized discount and debt issuance costs (44) (47) Net carrying value of debt $ 6,260 $ 6,038 Short-term debt $ 500 $ 499 Long-term debt $ 5,760 $ 5,539 Future principal payments for debt at January 31, 2025 were as shown in the table below. (In millions) Future Principal Payments Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 500 2026 — 2027 1,550 2028 — 2029 1,254 Thereafter 3,000 Total future principal payments for debt $ 6,304 Senior Unsecured Notes 2020 Notes. In June 2020, we issued four series of senior unsecured notes (together, the 2020 Notes) pursuant to a public debt offering. The proceeds from the issuance were $1.98 billion, net of debt discount of $2 million and debt issuance costs of $15 million. As of January 31, 2025, $1.5 billion of the 2020 Notes remained outstanding. Interest is payable semiannually on January 15 and July 15 of each year. The discount and debt issuance costs are amortized to interest expense using the effective interest method over the term of the 2020 Notes. We paid $10 million in interest on the 2020 Notes during each of the six months ended January 31, 2025 and 2024. The 2020 Notes are senior unsecured obligations of Intuit and rank equally with all existing and future unsecured and unsubordinated indebtedness of Intuit and are redeemable by us at any time, subject to a make-whole premium. Upon the occurrence of change of control transactions that are accompanied by certain downgrades in the credit ratings of the 2020 Notes, we will be required to repurchase the 2020 Notes at a repurchase price equal to 101% of the aggregate outstanding principal plus any accrued and unpaid interest to but not including the date of repurchase. The indenture governing the 2020 Notes requires us to comply with certain covenants. For example, the 2020 Notes limit our ability to create certain liens and enter into sale and leaseback transactions. As of January 31, 2025, we were compliant with all covenants governing the 2020 Notes. 2023 Notes. In September 2023, we issued four series of senior unsecured notes (together, the 2023 Notes) pursuant to a public debt offering. The proceeds from the issuance were $3.96 billion, net of debt discount of $20 million and debt issuance costs of $24 million, and were used, together with operating cash, to repay the outstanding balance on our unsecured term loan. As of January 31, 2025, $4.0 billion of the 2023 Notes remained outstanding. Interest is payable semiannually on March 15 and September 15 of each year. The discount and debt issuance costs are amortized to interest expense using the effective interest method over the term of the 2023 Notes. We paid $106 million in interest on the 2023 Notes during the six months ended January 31, 2025, and no interest during the six months ended January 31, 2024. The 2023 Notes are senior unsecured obligations of Intuit and rank equally with all existing and future unsecured and unsubordinated indebtedness of Intuit and are redeemable by us at any time, subject to a make-whole premium. The indenture governing the 2023 Notes requires us to comply with certain covenants. For example, the 2023 Notes limit our ability to create certain liens and enter into sale and leaseback transactions. As of January 31, 2025, we were compliant with all covenants governing the 2023 Notes. Unsecured Credit Facilities 2024 Credit Facility. On February 5, 2024, we terminated our amended and restated credit agreement dated November 1, 2021 (2021 Credit Facility), and entered into a credit agreement with certain lenders providing for a $1.5 billion unsecured revolving credit facility that expires on February 5, 2029 (2024 Credit Facility). Under the 2024 Credit Facility, we may, subject to certain customary conditions, including approval of relevant lenders, on one or more occasions, increase commitments under the 2024 Credit Facility by an amount not to exceed $1 billion in the aggregate, and, on one or more occasions, extend the maturity date of the 2024 Credit Facility by one year. The 2024 Credit Facility includes a $500 million sublimit for borrowing swingline loans and a $250 million sublimit for the issuance of letters of credit. Advances under the 2024 Credit Facility accrue interest at rates equal to (a) in the case of U.S. dollar borrowings, at our election, either (i) the alternate base rate plus a margin that ranges from 0.0% to 0.125%, or (ii) the adjusted term Secured Overnight Finance Rate (SOFR) plus a margin that ranges from 0.7% to 1.125%, or (b) in the case of foreign currency borrowings, the interest benchmark for the relevant currency specified in the credit agreement plus a margin that ranges from 0.7% to 1.125%. Actual margins under either election are based on our senior debt credit ratings. The 2024 Credit Facility includes customary affirmative and negative covenants, including a financial covenant that requires us to maintain a ratio of total gross debt to earnings before interest, taxes, depreciation, and amortization (EBITDA), as defined in the agreement, of not greater than 4.00 to 1.00 as measured on a rolling twelve month basis as of the last day of each fiscal quarter. As of January 31, 2025, we were compliant with all covenants governing the 2024 Credit Facility. At January 31, 2025, no amounts were outstanding under the 2024 Credit Facility. We paid no interest on the 2024 Credit Facility during the six months ended January 31, 2025. 2025 Credit Facility. On January 30, 2025, we entered into a credit agreement with certain lenders providing for a $4.5 billion unsecured short-term revolving credit facility that matures on April 30, 2025 (2025 Credit Facility) to fund a portion of our TurboTax 5-day early refund offering. Advances under the 2025 Credit Facility accrue interest at a rate equal to, at our election, either (i) the alternate base rate plus a margin of 0.125%, or (ii) the adjusted daily simple SOFR or term SOFR plus a margin of 1.125%. Unused portions of the commitment accrue a fee of 0.10% per annum. The 2025 Credit Facility includes customary affirmative and negative covenants, including a financial covenant that requires us to maintain a ratio of total gross debt to EBITDA, as defined in the agreement, of not greater than 4.00 to 1.00 as measured on a rolling twelve month basis as of the last day of each fiscal quarter. As of January 31, 2025, we were compliant with all covenants governing the 2025 Credit Facility. As of January 31, 2025, we have not borrowed any amounts under the 2025 Credit Facility. We paid no interest on the 2025 Credit Facility during the six months ended January 31, 2025. Secured Revolving Credit Facilities 2019 Secured Facility. On February 19, 2019, a subsidiary of Intuit entered into a secured revolving credit facility with a lender to fund the lending products and services we offer to qualified small businesses (the 2019 Secured Facility). The 2019 Secured Facility is secured by cash and receivables of the subsidiary and is non-recourse to Intuit Inc. We have entered into several amendments to this facility, most recently on January 31, 2025. These amendments primarily increase the facility limit, extend the commitment term and final maturity date, and update the benchmark interest rate. Under the amended 2019 Secured Facility, the facility limit is $500 million, of which $300 million is committed and $200 million is uncommitted. Advances accrue interest at adjusted daily simple SOFR plus 1.25%. Unused portions of the committed credit facility accrue a fee at a rate ranging from 0.25% to 0.75%, depending on the total unused committed balance. The commitment term is through August 31, 2027, and the final maturity date is August 31, 2028. The agreement includes certain affirmative and negative covenants, including financial covenants that require the subsidiary to maintain specified financial ratios. As of January 31, 2025, we were compliant with all covenants governing the 2019 Secured Facility. At January 31, 2025, $395 million was outstanding under the 2019 Secured Facility and the weighted-average interest rate was 5.73%. The outstanding balance is secured by cash and receivables of the subsidiary totaling $1.4 billion as of January 31, 2025. Interest on the 2019 Secured Facility is payable monthly. We paid $11 million and $10 million in interest on the 2019 Secured Facility during the six months ended January 31, 2025 and 2024, respectively. 2022 Secured Facility. On October 12, 2022, another subsidiary of Intuit entered into a secured revolving credit facility with a lender to fund the lending products and services we offer to qualified small businesses (the 2022 Secured Facility). The 2022 Secured Facility is secured by cash and receivables of the subsidiary and is non-recourse to Intuit Inc. We have entered into several amendments to this facility, most recently on April 30, 2024. These amendments primarily extend the commitment term and final maturity date and increase the commitment amount. Under the amended 2022 Secured Facility, the facility limit is $500 million, of which $300 million is committed and $200 million is uncommitted. Advances accrue interest at SOFR plus 1.3%. Unused portions of the committed credit facility accrue a fee at a rate ranging from 0.2% to 0.4%, depending on the total unused committed balance. The commitment term is through April 30, 2026, and the final maturity date is April 30, 2027. The agreement includes certain affirmative and negative covenants, including financial covenants that require the subsidiary to maintain specified financial ratios. As of January 31, 2025, we were compliant with all covenants governing the 2022 Secured Facility. At January 31, 2025, $300 million was outstanding under the 2022 Secured Facility and the weighted-average interest rate was 5.68%. The outstanding balance is secured by cash and receivables of the subsidiary totaling $930 million as of January 31, 2025. Interest on the 2022 Secured Facility is payable monthly. We paid $10 million and $5 million in interest on the 2022 Secured Facility during the six months ended January 31, 2025 and 2024, respectively. 2024 Secured Facility. On November 1, 2024, another subsidiary of Intuit entered into a secured revolving credit facility with a lender to fund the lending products and services we offer to qualified small businesses (the 2024 Secured Facility). The 2024 Secured Facility is secured by cash and receivables of the subsidiary and is non-recourse to Intuit Inc. Under the 2024 Secured Facility, the facility limit is $300 million, of which $150 million is committed and $150 million is uncommitted. Advances accrue interest at SOFR plus 1.15%. Unused portions of the committed credit facility accrue a fee at a rate ranging from 0.2% to 0.4%, depending on the total unused committed balance. The commitment term is through November 1, 2027, and the final maturity date is November 1, 2028. The agreement includes certain affirmative and negative covenants, including financial covenants that require the subsidiary to maintain specified financial ratios. As of January 31, 2025, we were compliant with all covenants governing the 2024 Secured Facility. At January 31, 2025, $109 million was outstanding under the 2024 Secured Facility and the weighted-average interest rate was 5.61%, which includes the fee on the unused committed portion. The outstanding balance is secured by cash and receivables of the subsidiary totaling $244 million as of January 31, 2025. Interest on the 2024 Secured Facility is payable monthly. I nterest paid on the 2024 Secured Facility during the six months ended January 31, 2025 was not significant. Subsequent to January 31, 2025, the committed limit of the 2024 Secured Facility was increased to $300 million and the uncommitted limit was reduced to zero. Commercial Paper Program Under our established commercial paper program, we may issue and sell unsecured short-term promissory notes (commercial paper) up to $1.5 billion. The maturities of the commercial paper may vary but not exceed 397 days from the date of issuance. At each of the periods ended January 31, 2025 and July 31, 2024, no amounts were outstanding under this program. Subsequent to January 31, 2025, we increased the capacity of our commercial paper program from $1.5 billion to $2.0 billion on a temporary basis to be available for any seasonal working capital needs. In February 2025, we also began to issue commercial paper under this program, and as of February 25, 2025, there was $1.8 billion in commercial paper outstanding, all of which is short term.

Other Liabilities and Commitmen

Other Liabilities and Commitments	6 Months Ended
	Jan. 31, 2025
Other Liabilities Disclosure [Abstract]
Other Liabilities and Commitments	7. Other Liabilities and Commitments Other Current Liabilities Other current liabilities were as follows at the dates indicated: (In millions) January 31, July 31, Executive deferred compensation plan liabilities $ 230 $ 207 Interest payable 85 84 Reserve for returns, credits, and promotional discounts 81 40 Current portion of operating lease liabilities 59 71 Sales, property, and other taxes 59 47 Income taxes payable 30 8 Other 115 100 Total other current liabilities $ 659 $ 557 The balances of several of our other current liabilities, particularly our reserves for returns, credits, and promotional discounts, are affected by the seasonality of our business. See Note 1, “Description of Business and Summary of Significant Accounting Policies – Seasonality,” for more information. Other Long-Term Obligations Other long-term obligations were as follows at the dates indicated: (In millions) January 31, July 31, Income tax liabilities $ 159 $ 157 Dividends payable 19 19 Deferred income tax liabilities 10 3 Deferred revenue 3 4 Other 30 25 Total other long-term obligations $ 221 $ 208 Unconditional Purchase Obligations We describe our unconditional purchase obligations in Note 9 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024. In December 2024, we amended an existing cloud services agreement to extend the term through 2032. Under the amended agreement, we have an annual minimum purchase commitment that ranges from $256 million to $411 million per contract year, and a total minimum purchase commitment of $3.5 billion over the eight-year term. There were no other significant changes outside the ordinary course of business in our purchase obligations during the six months ended January 31, 2025.

Leases

Leases	6 Months Ended
	Jan. 31, 2025
Leases [Abstract]
Leases	8. Leases We lease office facilities under non-cancellable operating lease arrangements. Our facility leases generally provide for periodic rent increases and may contain escalation clauses and renewal options. Our leases have remaining lease terms of up to 17 years, which include options to extend that are reasonably certain of being exercised. Some of our leases include one or more options to extend the lease for up to 7 years per option, which we are not reasonably certain to exercise. The options to extend are generally at rates to be determined in accordance with the agreements. Options to extend the lease are included in the lease liability if they are reasonably certain of being exercised. We sublease certain office facilities to third parties. These subleases have remaining lease terms of up to 6 years, one of which includes an option to extend the sublease for up to 5 years. The components of lease expense were as follows: Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Operating lease cost (1) $ 25 $ 26 $ 54 $ 52 Variable lease cost 5 6 10 12 Sublease income (3) (3) (6) (6) Total net lease cost $ 27 $ 29 $ 58 $ 58 (1) Includes short-term leases, which were not material for each of the three and six months ended January 31, 2025 and 2024. Supplemental cash flow information related to operating leases was as follows: Six Months Ended (In millions) January 31, January 31, Cash paid for amounts included in the measurement of operating lease liabilities $ 57 $ 42 Right-of-use assets obtained in exchange for operating lease liabilities $ 151 $ 22 Other information related to operating leases was as follows at the dates indicated: January 31, July 31, Weighted-average remaining lease term for operating leases 8.2 years 7.7 years Weighted-average discount rate for operating leases 3.7 % 3.3 % Future minimum lease payments under non-cancellable operating leases as of January 31, 2025 were as follows: (In millions) Operating Leases (1) Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 29 2026 97 2027 95 2028 88 2029 91 Thereafter 346 Total future minimum lease payments 746 Less imputed interest (114) Present value of lease liabilities $ 632 (1) Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2025 and the fiscal years ending July 31, 2026, 2027, 2028, 2029, and thereafter of $2 million, $4 million, $4 million, $3 million, $3 million, and $3 million, respectively, are not included in the table above. Supplemental balance sheet information related to operating leases was as follows at the dates indicated: (In millions) January 31, July 31, Operating lease right-of-use assets $ 518 $ 411 Other current liabilities $ 59 $ 71 Operating lease liabilities 573 458 Total operating lease liabilities $ 632 $ 529 As of January 31, 2025, we have an additional operating lease of $98 million for office facilities that has not yet commenced and therefore is not reflected on the condensed consolidated balance sheets nor in the tables above. This lease is expected to commence in fiscal year 2025 with a lease term of 10 years.

Income Taxes

Income Taxes	6 Months Ended
	Jan. 31, 2025
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes Effective Tax Rate We compute our provision for or benefit from income taxes by applying the estimated annual effective tax rate to income or loss from recurring operations and adding the effects of any discrete income tax items specific to the period. For the three and six months ended January 31, 2025, we recognized excess tax benefits on share-based compensation of $29 million and $57 million, respectively, in our provision for income taxes. For the three and six months ended January 31, 2024, we recognized excess tax benefits on share-based compensation of $56 million and $83 million, respectively, in our provision for income taxes. Our effective tax rates for the three and six months ended January 31, 2025 were approximately 17% and 15%, respectively. Excluding discrete tax items primarily related to share-based compensation, our effective tax rate for both periods was approximately 24%. The difference from the federal statutory rate of 21% was primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the tax benefit we received from the federal research and experimentation credit. We recorded $1 million in tax expense on pretax income of $354 million for the three months ended January 31, 2024. Our effective tax rate for the six months ended January 31, 2024 was approximately 4%. Excluding discrete tax items primarily related to share-based compensation, our effective tax rate for both periods was approximately 24%. The difference from the federal statutory rate of 21% was primarily due to state income taxes and non-deductible share-based compensation, which were partially offset by the tax benefit we received from the federal research and experimentation credit. In the current global tax policy environment, the U.S. and other domestic and foreign governments continue to consider, and in some cases enact, changes in corporate tax laws. As changes occur, we account for finalized legislation in the period of enactment. Unrecognized Tax Benefits and Other Considerations The total amount of our unrecognized tax benefits at July 31, 2024 was $327 million. If we were to recognize these net benefits, our income tax expense would reflect a favorable net impact of $210 million. There were no material changes to these amounts during the six months ended January 31, 2025. We do not believe that it is reasonably possible that there will be a significant increase or decrease in our unrecognized tax benefits over the next 12 months.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jan. 31, 2025
Equity [Abstract]
Stockholders' Equity	10. Stockholders’ Equity Stock Repurchase Programs and Treasury Shares Intuit’s Board of Directors has authorized a series of common stock repurchase programs. Shares of common stock repurchased under these programs become treasury shares. During the six months ended January 31, 2025, we repurchased a total of 2.0 million shares for $1.3 billion under these programs. Included in this amount were $13 million of repurchases, which occurred in late January 2025 and settled in early February 2025. On August 20, 2024, our Board of Directors approved an increase in the authorization under the existing stock repurchase program under which we are authorized to repurchase up to an additional $3 billion of our common stock. At January 31, 2025, we had authorization from our Board of Directors for up to $3.6 billion in stock repurchases. Future stock repurchases under the current program are at the discretion of management, and authorization of future stock repurchase programs is subject to the final determination of our Board of Directors. Our treasury shares are repurchased at the market price on the trade date; accordingly, all amounts paid to reacquire these shares have been recorded as treasury stock on our condensed consolidated balance sheets. Any direct costs to acquire treasury stock are recorded to treasury stock on our condensed consolidated balance sheets. Repurchased shares of our common stock are held as treasury shares until they are reissued or retired. When we reissue treasury stock, if the proceeds from the sale are more than the average price we paid to acquire the shares, we record an increase in additional paid-in capital. Conversely, if the proceeds from the sale are less than the average price we paid to acquire the shares, we record a decrease in additional paid-in capital to the extent of increases previously recorded for similar transactions and a decrease in retained earnings for any remaining amount. In the past, we have satisfied option exercises and restricted stock unit vesting under our employee equity incentive plans by reissuing treasury shares, and we may do so again in the future. For all periods presented, we issued new shares of common stock to satisfy option exercises and RSU vesting under our 2005 Equity Incentive Plan. We have not yet determined the ultimate disposition of the shares that we have repurchased in the past, and consequently we continue to hold them as treasury shares. Dividends on Common Stock During the six months ended January 31, 2025, we declared quarterly cash dividends that totaled $2.08 per share of outstanding common stock for a total of $598 million. In February 2025, our Board of Directors declared a quarterly cash dividend of $1.04 per share of outstanding common stock payable on April 18, 2025 to stockholders of record at the close of business on April 10, 2025. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. Share-Based Compensation Expense The following table summarizes the total share-based compensation expense that we recorded in operating income for the periods shown. Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Cost of revenue $ 110 $ 101 $ 221 $ 202 Selling and marketing 136 125 273 248 Research and development 161 162 322 323 General and administrative 91 87 193 197 Total share-based compensation expense $ 498 $ 475 $ 1,009 $ 970 Share-Based Awards Available for Grant A summary of share-based awards available for grant under our plans for the six months ended January 31, 2025 was as follows: (Shares in thousands) Shares Balance at July 31, 2024 27,317 Restricted stock units granted (1) (1,788) Options granted — Share-based awards canceled/forfeited/expired (1) (2) 3,940 Balance at January 31, 2025 29,469 (1) RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant under the 2005 Equity Incentive Plan increase the pool by 2.3 shares for each share forfeited. (2) Stock options and RSUs canceled, expired, or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares available for grant. Under the 2005 Equity Incentive Plan, shares withheld for income taxes upon vesting of RSUs that were granted on or after July 21, 2016 are also returned to the pool of shares available for grant. Stock options and RSUs canceled, expired, or forfeited under older expired plans are not returned to the pool of shares available for grant. Restricted Stock Unit and Restricted Stock Activity A summary of RSU and restricted stock activity for the six months ended January 31, 2025 was as follows: (Shares in thousands) Number Weighted- Average Grant Date Fair Value Nonvested at July 31, 2024 10,924 $ 496.64 Granted 777 644.72 Vested (1,713) 484.55 Forfeited (980) 420.58 Nonvested at January 31, 2025 9,008 $ 519.99 At January 31, 2025, there was approximately $4.1 billion of unrecognized compensation cost related to non-vested RSUs and restricted stock with a weighted-average vesting period of 2.7 years. We adjust unrecognized compensation cost for actual forfeitures as they occur. Stock Option Activity A summary of stock option activity for the six months ended January 31, 2025 was as follows: Options Outstanding (Shares in thousands) Number Weighted- Average Exercise Price Per Share Balance at July 31, 2024 1,772 $ 449.66 Granted — — Exercised (331) 315.61 Canceled or expired (56) 482.41 Balance at January 31, 2025 1,385 $ 480.33 Exercisable at January 31, 2025 725 $ 415.18 At January 31, 2025, there was approximately $100 million of unrecognized compensation cost related to non-vested stock options with a weighted-average vesting period of 2.8 years. We adjust unrecognized compensation cost for actual forfeitures as they occur.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	11. Legal Proceedings Beginning in May 2019, various legal proceedings were filed and certain regulatory inquiries were commenced in connection with our provision and marketing of free online tax preparation programs. We believe that the allegations contained within these legal proceedings are without merit and continue to defend our interests in them. These proceedings included, among others, multiple putative class actions that were consolidated into a single putative class action in the Northern District of California in September 2019 (the Intuit Free File Litigation). In August 2020, the Ninth Circuit Court of Appeals ordered that the putative class action claims be resolved through arbitration. In May 2021, the Intuit Free File Litigation was dismissed on a non-class basis after we entered into an agreement that resolved the matter on an individual non-class basis, without any admission of wrongdoing, for an amount that was not material. These proceedings also include a class action lawsuit that was filed in the Ontario (Canada) Superior Court of Justice on August 25, 2022. These proceedings also included individual demands for arbitration that were filed beginning in October 2019. As of January 31, 2023, we settled all of these arbitration claims, without any admission of wrongdoing, for an amount that was not material. In June 2021, we received a demand and draft complaint from the Federal Trade Commission (FTC) and certain state attorneys general relating to the ongoing inquiries described above. On March 29, 2022, the FTC filed an action in federal court seeking a temporary restraining order and a preliminary injunction enjoining certain Intuit business practices pending resolution of the FTC’s administrative complaint seeking to permanently enjoin certain Intuit business practices (the FTC Actions). On April 22, 2022, the Northern District of California denied the FTC’s requests for a temporary restraining order and a preliminary injunction. Beginning on March 27, 2023, a final hearing on the administrative action was held before an administrative law judge (ALJ) at the FTC and, on August 29, 2023, the FTC's ALJ issued a decision in favor of the FTC and adverse to Intuit. On January 19, 2024, the FTC Commissioners affirmed the ALJ's decision and issued a final order that requires us to adhere to certain marketing practices and does not contain any monetary penalties. On January 21, 2024, we filed a petition for review with the United States Court of Appeals for the Fifth Circuit and this appeal is pending. The FTC's order became effective on March 23, 2024, and is now pending review by the Court of Appeals. We intend to continue to defend our position on the merits of this case. However, the defense and resolution of this matter could involve significant costs. The state attorneys general did not join the FTC Actions, and, on May 4, 2022, we entered into a settlement agreement with the attorneys general of the 50 states and the District of Columbia, admitting no wrongdoing, that resolved the states’ inquiry, as well as actions brought by the Los Angeles City Attorney and the Santa Clara County (California) Counsel. As part of this agreement, we agreed to pay $141 million and made certain commitments regarding our advertising and marketing practices. We recorded this as a one-time charge in the quarter ended April 30, 2022, and paid the full amount to the fund administrator in the quarter ended January 31, 2023. In view of the complexity and ongoing and uncertain nature of the outstanding proceedings and inquiries, at this time, we are unable to estimate a reasonably possible financial loss or range of financial loss that we may incur to resolve or settle the remaining matters. To date, the legal and other fees we have incurred related to these proceedings and inquiries have not been material. The ongoing defense and any resolution or settlement of these proceedings and inquiries could involve significant costs to us. Intuit is subject to certain routine legal proceedings, including class action lawsuits, as well as demands, claims, government inquiries, and threatened litigation, that arise in the normal course of our business, including assertions that we may be infringing patents or other intellectual property rights of others. Our failure to obtain necessary licenses or other rights, or litigation arising out of intellectual property claims could adversely affect our business. We currently believe that, in addition to any amounts accrued, the amount of potential losses, if any, for any pending claims of any type (either alone or combined) will not have a material impact on our condensed consolidated financial statements. The ultimate outcome of any legal proceeding is uncertain and, regardless of outcome, legal proceedings can have an adverse impact on Intuit because of defense costs, negative publicity, diversion of management resources, and other factors.

Segment Information

Segment Information	6 Months Ended
	Jan. 31, 2025
Segment Reporting [Abstract]
Segment Information	12. Segment Information We have defined our four reportable segments, described below, based on factors such as how we manage our operations and how our chief operating decision maker views results. We define the chief operating decision maker as our Chief Executive Officer and our Chief Financial Officer. Our chief operating decision maker organizes and manages our business primarily on the basis of service and product offerings. On August 1, 2024, we renamed our Small Business & Self-Employed segment as the Global Business Solutions segment. This new name better aligns with the global reach of the Mailchimp and QuickBooks platform, our focus on serving both small and mid-market businesses, and our vision to become the end-to-end platform that customers use to grow and run their business. On August 1, 2024, we reorganized certain technology and customer success functions in our Global Business Solutions, Consumer, and ProTax segments that support and benefit our overall platform and are managed at that level rather than at the segment level. As a result of these reorganizations, costs associated with these functions are no longer included in segment operating income and are now included in other corporate expenses. For the three and six months ended January 31, 2024, we reclassified expenses totaling $350 million and $682 million from Global Business Solutions , $129 million and $194 million from Consumer, and $8 million and $16 million from ProTax to other corporate expenses, respectively, to conform to the current presentation. Global Business Solutions : This segment serves small and mid-market businesses around the world, and the accounting professionals who assist and advise them. Our QuickBooks offerings include financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing and bill pay solutions, checking accounts through an FDIC member bank partner, financing for small and mid-market businesses, and bookkeeping services. Our Mailchimp offerings include marketing automation and customer relationship management. Consumer : This segment serves consumers and includes do-it-yourself and assisted TurboTax income tax preparation products and services sold in the U.S. and Canada. Credit Karma : This segment serves consumers with a personal finance platform that provides personalized recommendations of credit card, home, auto, and personal loan, and insurance products; online savings and checking accounts through an FDIC member bank partner; and access to their credit scores and reports, credit and identity monitoring, credit report dispute, credit building tools, and tools to help understand net worth and make financial progress. ProTax : This segment serves professional accountants in the U.S. and Canada, who are essential to both small business success and tax preparation and filing. Our professional tax offerings include Lacerte, ProSeries, and ProConnect Tax Online in the U.S., and ProFile and ProTax Online in Canada. All of our segments operate primarily in the U.S. and sell primarily to customers in the U.S. Total international net revenue was approximately 9% of consolidated net revenue for each of the three and six months ended January 31, 2025, respectively. Total international net revenue was approximately 9% and 10% for the three and six months ended January 31, 2024, respectively. We include expenses such as corporate selling and marketing, general and administrative, and non-employment related legal and litigation settlement costs, which are not allocated to specific segments, in unallocated corporate items as part of other corporate expenses. As part of our platform strategy, we also include customer success and product development for our Global Business Solutions, Consumer, and ProTax segments in unallocated corporate items as we do not allocate these expenses to the segments because they are managed at the platform level. Customer success includes the costs of tax and bookkeeping experts that support our TurboTax Live and QuickBooks Live offerings. For our Credit Karma reportable segment, segment expenses include certain direct expenses related to selling and marketing, product development, and general and administrative. Unallocated corporate items for all segments include share-based compensation, amortization of acquired technology, amortization of other acquired intangible assets, goodwill and intangible asset impairment charges, professional fees and transaction charges related to business combinations, and restructuring charges. The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies in Note 1 to the financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 and in Note 1, "Description of Business and Summary of Significant Accounting Policies – Significant Accounting Policies" in this Quarterly Report on Form 10-Q. Except for goodwill and acquired intangible assets, we do not generally track assets by reportable segment and, consequently, we do not disclose total assets by reportable segment. The following table shows our financial results by reportable segment for the periods indicated. Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Net revenue: Global Business Solutions $ 2,671 $ 2,245 $ 5,215 $ 4,589 Consumer 509 492 685 679 Credit Karma 511 375 1,035 780 ProTax 272 274 311 316 Total net revenue $ 3,963 $ 3,386 $ 7,246 $ 6,364 Operating income: Global Business Solutions $ 2,049 $ 1,673 $ 4,048 $ 3,497 Consumer 229 263 305 395 Credit Karma 168 64 348 170 ProTax 249 255 269 277 Total segment operating income 2,695 2,255 4,970 4,339 Unallocated corporate items: Share-based compensation expense (498) (475) (1,009) (970) Other corporate expenses (1,443) (1,255) (2,770) (2,379) Amortization of acquired technology (37) (36) (74) (74) Amortization of other acquired intangible assets (120) (120) (240) (240) Restructuring (4) — (13) — Total unallocated corporate items (2,102) (1,886) (4,106) (3,663) Total operating income $ 593 $ 369 $ 864 $ 676 Revenue classified by significant service and product offerings was as follows: Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Net revenue: QuickBooks Online Accounting $ 1,008 $ 826 $ 1,973 $ 1,624 Online Services 1,030 862 2,008 1,682 Total Online Ecosystem 2,038 1,688 3,981 3,306 QuickBooks Desktop Accounting 314 256 610 632 Desktop Services and Supplies 319 301 624 651 Total Desktop Ecosystem 633 557 1,234 1,283 Global Business Solutions 2,671 2,245 5,215 4,589 Consumer 509 492 685 679 Credit Karma 511 375 1,035 780 ProTax 272 274 311 316 Total net revenue $ 3,963 $ 3,386 $ 7,246 $ 6,364

Restructuring

Restructuring	6 Months Ended
	Jan. 31, 2025
Restructuring and Related Activities [Abstract]
Restructuring	13. Restructuring In July 2024, our management approved, committed to, and initiated a plan of reorganization (the Plan) focused on reallocating resources to our key growth areas. The Plan includes the exit of employees and the closing of real estate sites in certain markets in service to growing technology teams and capabilities in strategic locations. The actions associated with the Plan were substantially complete in the first quarter of fiscal 2025. Total restructuring costs associated with the Plan are estimated to be approximately $236 million. During the six months ended January 31, 2025, we recorded a $13 million charge in connection with the Plan. This charge is primarily related to severance, employee benefits, and site closure costs and is recorded to restructuring in our condensed consolidated statements of operations. Any changes to the estimates of executing the Plan will be reflected in future results of operations. The following table summarizes the activity for the Plan. (In millions) Accrued July 31, 2024 Additional Costs/ Adjustments Cash Payments Non-Cash Items Accrued January 31, 2025 Total Costs Incurred to Date Total Expected Plan Cost Global Business Solutions $ 84 $ 4 $ (81) $ — $ 7 $ 100 $ 100 Consumer 9 — (9) — — 9 9 Credit Karma — — — — — — — ProTax 2 — (2) — — 2 2 Corporate (1) 92 9 (90) (5) 6 125 125 Totals $ 187 $ 13 $ (182) $ (5) $ 13 $ 236 $ 236 (1) Restructuring costs within corporate relate to platform expenses and other administrative functions that are not allocated to the segments. The liability for restructuring charges is included in accrued compensation and related liabilities in the accompanying condensed consolidated balance sheets.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Pay vs Performance Disclosure
Net income	$ 471	$ 353	$ 668	$ 594

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jan. 31, 2025 shares	Jan. 31, 2025 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Sandeep Aujla [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On January 7, 2025, Sandeep Aujla, Executive Vice President and Chief Financial Officer, adopted a plan for the sale of up to 18,134 shares of the Company's common stock, subject to certain conditions, from May 26, 2025 through October 10, 2025.
Name	Sandeep Aujla
Title	Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	January 7, 2025
Expiration Date	October 10, 2025
Arrangement Duration	137 days
Aggregate Available	18,134	18,134

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jan. 31, 2025
Accounting Policies [Abstract]
Description of Business and Basis of Presentation	Description of Business Intuit Inc. (Intuit, we, us, or our) helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. We also provide specialized tax products to accounting professionals. We help consumers do their taxes with ease and confidence, understand their financial picture, build credit, save more to make ends meet, get their largest tax refund, pay off debt, and receive personalized suggestions on how to grow their money. We help small and mid-market businesses grow and run their business all in one place, including bookkeeping, getting paid, accessing capital, paying employees, getting and retaining customers, and managing their customer relationships. We do this through our global AI-driven expert platform and our offerings including TurboTax, Credit Karma, QuickBooks, and Mailchimp. Lacerte, ProSeries, and ProConnect Tax Online are our leading tax preparation offerings for professional accountants. Incorporated in 1984 and headquartered in Mountain View, California, we sell our products and services primarily in the United States (U.S.). Basis of Presentation These condensed consolidated financial statements include the financial statements of Intuit and its wholly-owned subsidiaries. We have eliminated all intercompany balances and transactions in consolidation. We have included all adjustments, consisting only of normal recurring items, which we considered necessary for a fair presentation of our financial results for the interim periods presented. We have reclassified certain amounts previously reported in our financial statements to conform to the current presentation. On August 1, 2024, we renamed our Small Business & Self-Employed segment as the Global Business Solutions segment. This new name better aligns with the global reach of the Mailchimp and QuickBooks platform, our focus on serving both small and mid-market businesses, and our vision to become the end-to-end platform that customers use to grow and run their business. See Note 12, "Segment Information , " for more information. On August 1, 2024, we reorganized certain technology and customer success functions in our Global Business Solutions, Consumer, and ProTax segments that support and benefit our overall platform and are managed at that level rather than at the segment level. As a result of these reorganizations, costs associated with these functions are no longer included in segment operating income and are now included in other corporate expenses. For the three and six months ended January 31, 2024, we reclassified expenses totaling $350 million and $682 million from Global Business Solutions , $129 million and $194 million from Consumer, and $8 million and $16 million from ProTax to other corporate expenses, respectively, to conform to the current presentation. See Note 12, "Segment Information," for more information. These unaudited condensed consolidated financial statements and accompanying notes should be read together with the audited consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-K for the fiscal year ended July 31, 2024. Results for the six months ended January 31, 2025 are not necessarily indicative of the results we expect for the fiscal year ending July 31, 2025 or any other future period.
Seasonality	Seasonality
Use of Estimates	Use of Estimates In preparing our condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP), we make certain judgments, estimates, and assumptions that affect the amounts reported in our financial statements and the disclosures made in the accompanying notes. For example, we use judgments and estimates in determining how revenue should be recognized. These judgments and estimates include identifying performance obligations, determining if the performance obligations are distinct, determining the standalone sales price (SSP) and timing of revenue recognition for each distinct performance obligation, and estimating variable consideration to be included in the transaction price. We use estimates in determining the collectibility of accounts receivable and notes receivable held for investment, the appropriate levels of various accruals including accruals for litigation contingencies, the discount rate used to calculate lease liabilities, the amount of our worldwide tax provision, the realizability of deferred tax assets, the credit losses of available-for-sale debt securities, reserves for losses, the fair value of assets acquired and liabilities assumed for business combinations, and the fair value of notes receivable held for sale. We also use estimates in determining the remaining economic lives and fair values of acquired intangible assets, property and equipment, and other long-lived assets. In addition, we use assumptions to estimate the fair value of reporting units and share-based compensation. Despite our intention to establish accurate estimates and use reasonable assumptions, actual results may differ from our estimates.
Computation of Net Income Per Share	Computation of Net Income Per Share We compute basic net income or loss per share using the weighted-average number of common shares outstanding during the period. We compute diluted net income per share using the weighted-average number of common shares and dilutive potential common shares outstanding during the period. Dilutive potential common shares consist of the shares issuable upon the exercise of stock options and upon the vesting of restricted stock units (RSUs) under the treasury stock method. We include stock options with combined exercise prices and unrecognized compensation expense that are less than the average market price for our common stock, and RSUs with unrecognized compensation expense that is less than the average market price for our common stock, in the calculation of diluted net income per share. We exclude stock options with combined exercise prices and unrecognized compensation expense that are greater than the average market price for our common stock, and RSUs with unrecognized compensation expense that is greater than the average market price for our common stock, from the calculation of diluted net income per share because their effect is anti-dilutive. Under the treasury stock method, the amount that must be paid to exercise stock options and the amount of compensation expense for future service that we have not yet recognized for stock options and RSUs are assumed to be used to repurchase shares. Dividend rights apply to all RSUs that we grant and are accumulated and paid when the underlying RSUs vest. Since the dividend rights are subject to the same vesting requirements as the underlying equity awards, they are considered a contingent transfer of value. Consequently, the RSUs are not considered participating securities, and we do not present them separately in earnings per share. In loss periods, basic net loss per share and diluted net loss per share are the same since the effect of potential common shares is anti-dilutive and therefore excluded.
Deferred Revenue	Deferred Revenue We record deferred revenue when we have entered into a contract with a customer, and cash payments are received or due prior to transfer of control or satisfaction of the related performance obligation. During the three and six months ended January 31, 2025, we recognized revenue of $194 million and $718 million, respectively, that was included in deferred revenue at July 31, 2024. During the three and six months ended January 31, 2024, we recognized revenue of $167 million and $805 million, respectively, that was included in deferred revenue at July 31, 2023. Our performance obligations are generally satisfied within 12 months of the initial contract date. As of January 31, 2025 and July 31, 2024, the deferred revenue balance related to performance obligations that will be satisfied after 12 months was $3 million and $4 million, respectively, and is included in other long-term obligations on our condensed consolidated balance sheets.
Concentration of Credit Risk and Significant Customers	Concentration of Credit Risk and Significant Customers No customer accounted for 10% or more of total net revenue in the three or six months ended January 31, 2025 or January 31, 2024. No customer accounted for 10% or more of gross accounts receivable at January 31, 2025 or July 31, 2024.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted Segment Information - In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This standard requires incremental segment information disclosures, including disclosures of significant segment expenses that are regularly provided to the chief operating decision maker (CODM), a description of other segment items by reportable segment, and any additional measures of a segment's profit or loss used by the CODM when deciding how to allocate resources. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, which means that it will be effective for our annual reporting for the fiscal year ending July 31, 2025 and for interim period reporting beginning in fiscal 2026. Early adoption is permitted, and retrospective adoption is required for all prior periods presented. We are currently evaluating the impact of our pending adoption of ASU 2023-07 on our consolidated financial statements and related disclosures. Income Tax - In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures." This standard requires additional disclosures related to the income tax rate reconciliation, income taxes paid by jurisdiction, and other income tax-related disclosures. The standard is effective for fiscal years beginning after December 15, 2024, which means that it will be effective for us for the fiscal year ending July 31, 2026. Early adoption is permitted on either a prospective or retrospective basis. We are currently evaluating the impact of our pending adoption of ASU 2023-09 on our consolidated financial statements and related disclosures. Income Statement - Expense Disaggregation - In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," and in January 2025, the FASB issued ASU 2025-01, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date," which clarified the effective date of ASU 2024-03. This standard requires entities to disaggregate operating expenses into specific categories such as employee compensation, depreciation, and intangible asset amortization, by relevant expense caption on the statement of operations. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, which means that it will be effective for our annual reporting for the fiscal year ending July 31, 2028 and for interim period reporting beginning in fiscal 2029. Early adoption is permitted on either a prospective or retrospective basis. We are currently evaluating the impact of our pending adoption of ASU 2024-03 on our consolidated financial statements and related disclosures.
Fair Value Hierarchy	Fair Value Hierarchy The authoritative guidance defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. When determining fair value, we consider the principal or most advantageous market for an asset or liability and assumptions that market participants would use when pricing the asset or liability. In addition, we consider and use all valuation methods that are appropriate in estimating the fair value of an asset or liability. The authoritative guidance establishes a fair value hierarchy that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities. In general, the authoritative guidance requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the measurement of its fair value. The three levels of input defined by the authoritative guidance are as follows: • Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. • Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices in active markets for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data for substantially the full term of the assets or liabilities. • Level 3

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jan. 31, 2025
Accounting Policies [Abstract]
Schedule of Basic and Diluted Net Income Per Share	The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated. Three Months Ended Six Months Ended (In millions, except per share amounts) January 31, January 31, January 31, January 31, Numerator: Net income $ 471 $ 353 $ 668 $ 594 Denominator: Shares used in basic per share amounts: Weighted-average common shares outstanding 280 280 280 280 Shares used in diluted per share amounts: Weighted-average common shares outstanding 280 280 280 280 Dilutive potential common equivalent shares from share-based awards 3 4 3 4 Dilutive weighted-average common shares outstanding 283 284 283 284 Basic and diluted net income per share: Basic net income per share $ 1.68 $ 1.26 $ 2.38 $ 2.12 Diluted net income per share $ 1.67 $ 1.25 $ 2.36 $ 2.10 Shares excluded from diluted net income per share: Weighted-average share-based awards that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect — — — 1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jan. 31, 2025
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above. January 31, 2025 July 31, 2024 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Cash equivalents, primarily money market funds $ 1,193 $ — $ 1,193 $ 2,538 $ — $ 2,538 Available-for-sale debt securities: Corporate notes — 159 159 — 456 456 U.S. agency securities — 15 15 — 159 159 Total available-for-sale debt securities — 174 174 — 615 615 Total assets measured at fair value on a recurring basis $ 1,193 $ 174 $ 1,367 $ 2,538 $ 615 $ 3,153
Schedule of Cash Equivalents and Available-for-sale Debt and Equity Securities	The following table summarizes our cash equivalents and available-for-sale debt securities by balance sheet classification and level in the fair value hierarchy at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents: In cash and cash equivalents $ 1,171 $ — $ 1,171 $ 2,538 $ — $ 2,538 In funds receivable and amounts held for customers 22 — 22 — — — Total cash equivalents $ 1,193 $ — $ 1,193 $ 2,538 $ — $ 2,538 Available-for-sale debt securities: In investments $ — $ 24 $ 24 $ — $ 465 $ 465 In funds receivable and amounts held for customers — 150 150 — 150 150 Total available-for-sale debt securities $ — $ 174 $ 174 $ — $ 615 $ 615

Cash and Cash Equivalents, In_2

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers (Tables)	6 Months Ended
	Jan. 31, 2025
Cash And Cash Equivalents, Investments, And Funds Receivable And Amounts Held For Customers [Abstract]
Schedule of Classification on Balance Sheets	The following table summarizes our cash and cash equivalents, investments, and funds receivable and amounts held for customers by balance sheet classification at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Classification on condensed consolidated balance sheets: Cash and cash equivalents $ 2,435 $ 2,435 $ 3,609 $ 3,609 Investments 24 24 465 465 Funds receivable and amounts held for customers 3,334 3,334 3,921 3,921 Total cash and cash equivalents, investments, and funds receivable and amounts held for customers $ 5,793 $ 5,793 $ 7,995 $ 7,995
Schedule of Investment Category Type of Issue	The following table summarizes our cash and cash equivalents, investments, and relevant portion of funds receivable and amounts held for customers by investment category at the dates indicated. As of January 31, 2025 and July 31, 2024, this excludes $277 million and $281 million, respectively, of funds receivable on our condensed consolidated balance sheets in funds receivable and amounts held for customers that were not measured and recorded at fair value. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Type of issue: Total cash, cash equivalents, restricted cash, $ 5,342 $ 5,342 $ 7,099 $ 7,099 Available-for-sale debt securities: Corporate notes 158 159 456 456 U.S. agency securities 16 15 159 159 Total available-for-sale debt securities 174 174 615 615 Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments $ 5,516 $ 5,516 $ 7,714 $ 7,714
Schedule of the Stated Maturity Date of the Security	The following table summarizes our available-for-sale debt securities, included in investments and relevant portion of funds receivable and amounts held for customers, classified by the stated maturity date of the security at the dates indicated. January 31, 2025 July 31, 2024 (In millions) Amortized Fair Value Amortized Fair Value Due within one year $ 72 $ 71 $ 517 $ 516 Due within two years 57 58 55 56 Due within three years 45 45 43 43 Total available-for-sale debt securities $ 174 $ 174 $ 615 $ 615
Schedule of Funds Held for Customers	The following table summarizes our funds receivable and amounts held for customers by asset category at the dates indicated. (In millions) January 31, 2025 July 31, Restricted cash and restricted cash equivalents $ 2,907 $ 3,490 Restricted available-for-sale debt securities and funds receivable 427 431 Total funds receivable and amounts held for customers $ 3,334 $ 3,921 (In millions) January 31, 2024 July 31, Restricted cash and restricted cash equivalents $ 2,967 $ 4 Restricted available-for-sale debt securities and funds receivable 423 416 Total funds receivable and amounts held for customers $ 3,390 $ 420

Acquired Intangible Assets (Tab

Acquired Intangible Assets (Tables)	6 Months Ended
	Jan. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Intangible Assets Acquired	The following table shows the cost, accumulated amortization, and weighted-average life in years for our acquired intangible assets at the dates indicated. The weighted-average lives are calculated for assets that are not fully amortized. (Dollars in millions) Customer Purchased Trade Total At January 31, 2025: Cost $ 6,195 $ 1,648 $ 680 $ 8,523 Accumulated amortization (1,819) (979) (220) (3,018) Acquired intangible assets, net $ 4,376 $ 669 $ 460 $ 5,505 Weighted-average life in years 14 8 13 13 At July 31, 2024: Cost $ 6,196 $ 1,648 $ 680 $ 8,524 Accumulated amortization (1,605) (905) (194) (2,704) Acquired intangible assets, net $ 4,591 $ 743 $ 486 $ 5,820 Weighted-average life in years 14 8 13 13
Schedule Of Future Amortization Expense	The following table shows the expected future amortization expense for our acquired intangible assets at January 31, 2025. Amortization of purchased technology is charged to amortization of acquired technology in our condensed consolidated statements of operations. Amortization of other acquired intangible assets, such as customer lists, is charged to amortization of other acquired intangible assets in our condensed consolidated statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges. (In millions) Expected Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 315 2026 627 2027 602 2028 586 2029 581 Thereafter 2,794 Total expected future amortization expense $ 5,505

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jan. 31, 2025
Debt Disclosure [Abstract]
Schedule of Long-term Debt	The carrying value of our debt was as follows at the dates indicated: (Dollars in millions) January 31, July 31, Effective Senior unsecured notes issued June 2020: 0.950% notes due July 2025 $ 500 $ 500 1.127% 1.350% notes due July 2027 500 500 1.486% 1.650% notes due July 2030 500 500 1.767% Senior unsecured notes issued September 2023: 5.250% notes due September 2026 750 750 5.325% 5.125% notes due September 2028 750 750 5.258% 5.200% notes due September 2033 1,250 1,250 5.312% 5.500% notes due September 2053 1,250 1,250 5.576% Secured revolving credit facilities 804 585 Total principal balance of debt 6,304 6,085 Unamortized discount and debt issuance costs (44) (47) Net carrying value of debt $ 6,260 $ 6,038 Short-term debt $ 500 $ 499 Long-term debt $ 5,760 $ 5,539
Schedule of Maturities of Long-Term Debt	Future principal payments for debt at January 31, 2025 were as shown in the table below. (In millions) Future Principal Payments Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 500 2026 — 2027 1,550 2028 — 2029 1,254 Thereafter 3,000 Total future principal payments for debt $ 6,304

Other Liabilities and Commitm_2

Other Liabilities and Commitments (Tables)	6 Months Ended
	Jan. 31, 2025
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities were as follows at the dates indicated: (In millions) January 31, July 31, Executive deferred compensation plan liabilities $ 230 $ 207 Interest payable 85 84 Reserve for returns, credits, and promotional discounts 81 40 Current portion of operating lease liabilities 59 71 Sales, property, and other taxes 59 47 Income taxes payable 30 8 Other 115 100 Total other current liabilities $ 659 $ 557
Schedule of Other Long-term Obligations	Other long-term obligations were as follows at the dates indicated: (In millions) January 31, July 31, Income tax liabilities $ 159 $ 157 Dividends payable 19 19 Deferred income tax liabilities 10 3 Deferred revenue 3 4 Other 30 25 Total other long-term obligations $ 221 $ 208

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jan. 31, 2025
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Operating lease cost (1) $ 25 $ 26 $ 54 $ 52 Variable lease cost 5 6 10 12 Sublease income (3) (3) (6) (6) Total net lease cost $ 27 $ 29 $ 58 $ 58 (1) Includes short-term leases, which were not material for each of the three and six months ended January 31, 2025 and 2024. Supplemental cash flow information related to operating leases was as follows: Six Months Ended (In millions) January 31, January 31, Cash paid for amounts included in the measurement of operating lease liabilities $ 57 $ 42 Right-of-use assets obtained in exchange for operating lease liabilities $ 151 $ 22 Other information related to operating leases was as follows at the dates indicated: January 31, July 31, Weighted-average remaining lease term for operating leases 8.2 years 7.7 years Weighted-average discount rate for operating leases 3.7 % 3.3 % Supplemental balance sheet information related to operating leases was as follows at the dates indicated: (In millions) January 31, July 31, Operating lease right-of-use assets $ 518 $ 411 Other current liabilities $ 59 $ 71 Operating lease liabilities 573 458 Total operating lease liabilities $ 632 $ 529
Schedule of Future Payments	Future minimum lease payments under non-cancellable operating leases as of January 31, 2025 were as follows: (In millions) Operating Leases (1) Fiscal year ending July 31, 2025 (excluding the six months ended January 31, 2025) $ 29 2026 97 2027 95 2028 88 2029 91 Thereafter 346 Total future minimum lease payments 746 Less imputed interest (114) Present value of lease liabilities $ 632 (1) Non-cancellable sublease proceeds for the remainder of the fiscal year ending July 31, 2025 and the fiscal years ending July 31, 2026, 2027, 2028, 2029, and thereafter of $2 million, $4 million, $4 million, $3 million, $3 million, and $3 million, respectively, are not included in the table above.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jan. 31, 2025
Equity [Abstract]
Schedule of Total Share-based Compensation Expense	The following table summarizes the total share-based compensation expense that we recorded in operating income for the periods shown. Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Cost of revenue $ 110 $ 101 $ 221 $ 202 Selling and marketing 136 125 273 248 Research and development 161 162 322 323 General and administrative 91 87 193 197 Total share-based compensation expense $ 498 $ 475 $ 1,009 $ 970
Schedule of Share-based Awards Available For Grant	A summary of share-based awards available for grant under our plans for the six months ended January 31, 2025 was as follows: (Shares in thousands) Shares Balance at July 31, 2024 27,317 Restricted stock units granted (1) (1,788) Options granted — Share-based awards canceled/forfeited/expired (1) (2) 3,940 Balance at January 31, 2025 29,469 (1) RSUs granted from the pool of shares available for grant under our 2005 Equity Incentive Plan reduce the pool by 2.3 shares for each share granted. RSUs forfeited and returned to the pool of shares available for grant under the 2005 Equity Incentive Plan increase the pool by 2.3 shares for each share forfeited. (2) Stock options and RSUs canceled, expired, or forfeited under our 2005 Equity Incentive Plan are returned to the pool of shares available for grant. Under the 2005 Equity Incentive Plan, shares withheld for income taxes upon vesting of RSUs that were granted on or after July 21, 2016 are also returned to the pool of shares available for grant. Stock options and RSUs canceled, expired, or forfeited under older expired plans are not returned to the pool of shares available for grant.
Schedule of Restricted Stock Unit Activity	A summary of RSU and restricted stock activity for the six months ended January 31, 2025 was as follows: (Shares in thousands) Number Weighted- Average Grant Date Fair Value Nonvested at July 31, 2024 10,924 $ 496.64 Granted 777 644.72 Vested (1,713) 484.55 Forfeited (980) 420.58 Nonvested at January 31, 2025 9,008 $ 519.99
Schedule of Stock Option Activity	A summary of stock option activity for the six months ended January 31, 2025 was as follows: Options Outstanding (Shares in thousands) Number Weighted- Average Exercise Price Per Share Balance at July 31, 2024 1,772 $ 449.66 Granted — — Exercised (331) 315.61 Canceled or expired (56) 482.41 Balance at January 31, 2025 1,385 $ 480.33 Exercisable at January 31, 2025 725 $ 415.18

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jan. 31, 2025
Segment Reporting [Abstract]
Schedule of Financial Results by Reportable Segment	The following table shows our financial results by reportable segment for the periods indicated. Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Net revenue: Global Business Solutions $ 2,671 $ 2,245 $ 5,215 $ 4,589 Consumer 509 492 685 679 Credit Karma 511 375 1,035 780 ProTax 272 274 311 316 Total net revenue $ 3,963 $ 3,386 $ 7,246 $ 6,364 Operating income: Global Business Solutions $ 2,049 $ 1,673 $ 4,048 $ 3,497 Consumer 229 263 305 395 Credit Karma 168 64 348 170 ProTax 249 255 269 277 Total segment operating income 2,695 2,255 4,970 4,339 Unallocated corporate items: Share-based compensation expense (498) (475) (1,009) (970) Other corporate expenses (1,443) (1,255) (2,770) (2,379) Amortization of acquired technology (37) (36) (74) (74) Amortization of other acquired intangible assets (120) (120) (240) (240) Restructuring (4) — (13) — Total unallocated corporate items (2,102) (1,886) (4,106) (3,663) Total operating income $ 593 $ 369 $ 864 $ 676
Schedule of Reconciliation of Revenue from Segments to Consolidated	Revenue classified by significant service and product offerings was as follows: Three Months Ended Six Months Ended (In millions) January 31, January 31, January 31, January 31, Net revenue: QuickBooks Online Accounting $ 1,008 $ 826 $ 1,973 $ 1,624 Online Services 1,030 862 2,008 1,682 Total Online Ecosystem 2,038 1,688 3,981 3,306 QuickBooks Desktop Accounting 314 256 610 632 Desktop Services and Supplies 319 301 624 651 Total Desktop Ecosystem 633 557 1,234 1,283 Global Business Solutions 2,671 2,245 5,215 4,589 Consumer 509 492 685 679 Credit Karma 511 375 1,035 780 ProTax 272 274 311 316 Total net revenue $ 3,963 $ 3,386 $ 7,246 $ 6,364

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jan. 31, 2025
Restructuring and Related Activities [Abstract]
Schedule of Activity of the Restructuring Plan by Segment	The following table summarizes the activity for the Plan. (In millions) Accrued July 31, 2024 Additional Costs/ Adjustments Cash Payments Non-Cash Items Accrued January 31, 2025 Total Costs Incurred to Date Total Expected Plan Cost Global Business Solutions $ 84 $ 4 $ (81) $ — $ 7 $ 100 $ 100 Consumer 9 — (9) — — 9 9 Credit Karma — — — — — — — ProTax 2 — (2) — — 2 2 Corporate (1) 92 9 (90) (5) 6 125 125 Totals $ 187 $ 13 $ (182) $ (5) $ 13 $ 236 $ 236 (1)

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Numerator:
Net income	$ 471	$ 353	$ 668	$ 594
Shares used in basic per share amounts:
Weighted-average common shares outstanding (in shares)	280	280	280	280
Shares used in diluted per share amounts:
Weighted-average common shares outstanding (in shares)	280	280	280	280
Dilutive potential common equivalent shares from share-based awards (in shares)	3	4	3	4
Dilutive weighted-average common shares outstanding (in shares)	283	284	283	284
Basic and diluted net income per share:
Basic net income per share (in dollars per share)	$ 1.68	$ 1.26	$ 2.38	$ 2.12
Diluted net income per share (in dollars per share)	$ 1.67	$ 1.25	$ 2.36	$ 2.10
Shares excluded from diluted net income per share:
Weighted-average share-based awards that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect (in shares)	0	0	0	1

Description of Business and S_5

Description of Business and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Jul. 31, 2024
Segment Reporting Information [Line Items]
Revenue recognized	$ 194	$ 167	$ 718	$ 805
Description of timing			12 months
Deferred revenue	3		$ 3		$ 4
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment
Segment Reporting Information [Line Items]
Other corporate expenses	$ 1,443	1,255	$ 2,770	2,379
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Workplace and Real Estate Functions
Segment Reporting Information [Line Items]
Other corporate expenses		350		682
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		129		194
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		8		16
Global Business Solutions | Operating Segments | Reorganization of Certain Workplace and Real Estate Functions
Segment Reporting Information [Line Items]
Other corporate expenses		350		682
Consumer | Operating Segments | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		129		194
ProTax | Operating Segments | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		$ 8		$ 16

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Assets:
Cash equivalents, primarily money market funds	$ 2,435	$ 3,609
Available-for-sale debt securities, fair value	174	615
Fair value, measurements, recurring
Assets:
Cash equivalents, primarily money market funds	1,193	2,538
Available-for-sale debt securities, fair value	174	615
Total assets measured at fair value on a recurring basis	1,367	3,153
Fair value, measurements, recurring | Level 1
Assets:
Cash equivalents, primarily money market funds	1,193	2,538
Available-for-sale debt securities, fair value	0	0
Total assets measured at fair value on a recurring basis	1,193	2,538
Fair value, measurements, recurring | Level 2
Assets:
Cash equivalents, primarily money market funds	0	0
Available-for-sale debt securities, fair value	174	615
Total assets measured at fair value on a recurring basis	174	615
Fair value, measurements, recurring | Corporate notes
Assets:
Available-for-sale debt securities, fair value	159	456
Fair value, measurements, recurring | Corporate notes | Level 1
Assets:
Available-for-sale debt securities, fair value	0	0
Fair value, measurements, recurring | Corporate notes | Level 2
Assets:
Available-for-sale debt securities, fair value	159	456
Fair value, measurements, recurring | U.S. agency securities
Assets:
Available-for-sale debt securities, fair value	15	159
Fair value, measurements, recurring | U.S. agency securities | Level 1
Assets:
Available-for-sale debt securities, fair value	0	0
Fair value, measurements, recurring | U.S. agency securities | Level 2
Assets:
Available-for-sale debt securities, fair value	$ 15	$ 159

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Cash Equivalents and Available-for-sale Debt and Equity Securities (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 2,435	$ 3,609
Total available-for-sale debt securities	174	615
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,193	2,538
Total available-for-sale debt securities	174	615
Fair value, measurements, recurring | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	22	0
Fair value, measurements, recurring | In cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,171	2,538
Fair value, measurements, recurring | In investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	24	465
Fair value, measurements, recurring | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	150	150
Fair value, measurements, recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,193	2,538
Total available-for-sale debt securities	0	0
Fair value, measurements, recurring | Level 1 | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	22	0
Fair value, measurements, recurring | Level 1 | In cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,171	2,538
Fair value, measurements, recurring | Level 1 | In investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	0	0
Fair value, measurements, recurring | Level 1 | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	0	0
Fair value, measurements, recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Total available-for-sale debt securities	174	615
Fair value, measurements, recurring | Level 2 | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Fair value, measurements, recurring | Level 2 | In cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Fair value, measurements, recurring | Level 2 | In investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	24	465
Fair value, measurements, recurring | Level 2 | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale debt securities	$ 150	$ 150

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Jul. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 6,260,000,000		$ 6,260,000,000		$ 6,038,000,000
Long-term investments	88,000,000		88,000,000		131,000,000
Cash equivalents:	2,435,000,000		2,435,000,000		3,609,000,000
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,193,000,000		1,193,000,000		2,538,000,000
Fair value, measurements, recurring | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	22,000,000		22,000,000		0
Senior unsecured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	5,500,000,000		5,500,000,000		5,500,000,000
Level 2 | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0		0		0
Level 2 | Fair value, measurements, recurring | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0		0		0
Level 2 | Senior unsecured notes | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior unsecured notes	5,400,000,000		5,400,000,000		5,500,000,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Upward adjustments to non-marketable equity securities	8,000,000	$ 4,000,000	8,000,000	$ 4,000,000
Downward adjustments to non-marketable equity securities	9,000,000	$ 0	51,000,000	$ 0
Cumulative upward adjustments to non-marketable equity securities	82,000,000		82,000,000
Cumulative downward adjustments to non-marketable equity securities	69,000,000		69,000,000
Level 1 | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,193,000,000		1,193,000,000		2,538,000,000
Level 1 | Fair value, measurements, recurring | Funds receivable and amounts held for customers
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 22,000,000		$ 22,000,000		$ 0

Cash and Cash Equivalents, In_3

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers - Schedule of Classification on Balance Sheets (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023
Amortized Cost
Cash and cash equivalents	$ 2,435	$ 3,609	$ 1,474
Investments	24	465
Funds receivable and amounts held for customers	3,334	3,921
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers	5,793	7,995
Fair Value
Cash and cash equivalents	2,435	3,609
Investments	24	465
Funds receivable and amounts held for customers	3,334	3,921	$ 3,390	$ 420
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers	$ 5,793	$ 7,995

Cash and Cash Equivalents, In_4

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers - Schedule of Investment Category Type of Issue (Details) - USD ($)	Jan. 31, 2025	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023
Cash and Cash Equivalents Items [Line Items]
Funds receivable and funds held for customers not measured or recorded at fair value	$ 277,000,000	$ 281,000,000
Total cash, cash equivalents, restricted cash, and restricted cash equivalents, amortized cost	5,342,000,000	7,099,000,000	$ 4,441,000,000	$ 2,852,000,000
Available-for-sale debt securities:
Available-for-sale debt securities, amortized cost	174,000,000	615,000,000
Available-for-sale debt securities, fair value	174,000,000	615,000,000
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments, amortized cost	5,516,000,000	7,714,000,000
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments, fair value	5,516,000,000	7,714,000,000
Credit losses related to available-for-sale securities	0
Total cash, cash equivalents, restricted cash, and restricted cash equivalents
Cash and Cash Equivalents Items [Line Items]
Total cash, cash equivalents, restricted cash, and restricted cash equivalents, amortized cost	5,342,000,000	7,099,000,000
Total cash, cash equivalents, restricted cash, and restricted cash equivalents, fair value	5,342,000,000	7,099,000,000
Corporate notes
Available-for-sale debt securities:
Available-for-sale debt securities, amortized cost	158,000,000	456,000,000
Available-for-sale debt securities, fair value	159,000,000	456,000,000
U.S. agency securities
Available-for-sale debt securities:
Available-for-sale debt securities, amortized cost	16,000,000	159,000,000
Available-for-sale debt securities, fair value	$ 15,000,000	$ 159,000,000

Cash and Cash Equivalents, In_5

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers - Schedule of the Stated Maturity Date of the Security (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Amortized Cost
Due within one year	$ 72	$ 517
Due within two years	57	55
Due within three years	45	43
Total available-for-sale debt securities	174	615
Fair Value
Due within one year	71	516
Due within two years	58	56
Due within three years	45	43
Total available-for-sale debt securities	$ 174	$ 615

Cash and Cash Equivalents, In_6

Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers - Schedule of Funds Held for Customers (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023
Cash And Cash Equivalents, Investments, And Funds Receivable And Amounts Held For Customers [Abstract]
Restricted cash and restricted cash equivalents	$ 2,907	$ 3,490	$ 2,967	$ 4
Restricted available-for-sale debt securities and funds receivable	427	431	423	416
Total funds receivable and amounts held for customers	$ 3,334	$ 3,921	$ 3,390	$ 420

Notes Receivable and Allowanc_2

Notes Receivable and Allowances for Credit Losses (Details) - USD ($) $ in Millions	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jul. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans purchased from originating bank partner, principal balance	$ 1,500	$ 748
Commitment to purchase, amount originated before period end	$ 25
Period of suspended accrued interest past due	120 days
Period past due considered delinquent	1 day
Notes receivable held for sale	$ 14		$ 3
Loans sold	237	$ 74
2023 Forward Flow Agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum commitment to sell participation interest in unsecured term loans, cumulatively	350
Notes receivable, remaining amount held for sale	225
2025 Forward Flow Agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, remaining amount held for sale	300
Minimum | 2023 Forward Flow Agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum commitment to sell participation interest in unsecured term loans, monthly	$ 8
Term of commitment	4 years
Minimum | 2025 Forward Flow Agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum commitment to sell participation interest in unsecured term loans, cumulatively	$ 300
Term of commitment	18 months
Maximum | 2025 Forward Flow Agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum commitment to sell participation interest in unsecured term loans, monthly	$ 45
Small Business Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, net	1,200		912
Refund Advance Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commitment to purchase, amount originated before period end	30
Notes receivable, net	$ 268		$ 4

Acquired Intangible Assets - Sc

Acquired Intangible Assets - Schedule of Intangible Assets Acquired (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 8,523	$ 8,524
Accumulated amortization	(3,018)	(2,704)
Total expected future amortization expense	$ 5,505	$ 5,820
Weighted-average life in years	13 years	13 years
Customer Lists / User Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 6,195	$ 6,196
Accumulated amortization	(1,819)	(1,605)
Total expected future amortization expense	$ 4,376	$ 4,591
Weighted-average life in years	14 years	14 years
Purchased Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,648	$ 1,648
Accumulated amortization	(979)	(905)
Total expected future amortization expense	$ 669	$ 743
Weighted-average life in years	8 years	8 years
Trade Names and Logos
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 680	$ 680
Accumulated amortization	(220)	(194)
Total expected future amortization expense	$ 460	$ 486
Weighted-average life in years	13 years	13 years

Acquired Intangible Assets - _2

Acquired Intangible Assets - Schedule of Future Amortization Expense (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
2025 (excluding the six months ended January 31, 2025)	$ 315
2026	627
2027	602
2028	586
2029	581
Thereafter	2,794
Total expected future amortization expense	$ 5,505	$ 5,820

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Debt Instrument [Line Items]
Total principal balance of debt	$ 6,304	$ 6,085
Unamortized discount and debt issuance costs	(44)	(47)
Net carrying value of debt	6,260	6,038
Short-term debt	500	499
Long-term debt	5,760	5,539
Line of Credit | Revolving Credit Facility | Subsidiary
Debt Instrument [Line Items]
Secured revolving credit facilities	804	585
0.950% notes due July 2025 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 500	500
Effective Interest Rate	1.127%
Stated interest rate	0.95%
1.350% notes due July 2027 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 500	500
Effective Interest Rate	1.486%
Stated interest rate	1.35%
1.650% notes due July 2030 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 500	500
Effective Interest Rate	1.767%
Stated interest rate	1.65%
5.250% notes due September 2026 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 750	750
Effective Interest Rate	5.325%
Stated interest rate	5.25%
5.125% notes due September 2028 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 750	750
Effective Interest Rate	5.258%
Stated interest rate	5.125%
5.200% notes due September 2033 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 1,250	1,250
Effective Interest Rate	5.312%
Stated interest rate	5.20%
5.500% notes due September 2053 | Senior Unsecured Notes
Debt Instrument [Line Items]
Total principal balance of debt	$ 1,250	$ 1,250
Effective Interest Rate	5.576%
Stated interest rate	5.50%

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-Term Debt (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Debt Disclosure [Abstract]
2025 (excluding the six months ended January 31, 2025)	$ 500
2026	0
2027	1,550
2028	0
2029	1,254
Thereafter	3,000
Total future principal payments for debt	$ 6,304	$ 6,085

Debt - Narrative (Details)

Debt - Narrative (Details)

1 Months Ended

6 Months Ended

Jan. 31, 2025 USD ($)

Jan. 30, 2025 USD ($)

Nov. 01, 2024 USD ($)

Apr. 30, 2024 USD ($)

Feb. 05, 2024 USD ($)

Sep. 30, 2023 USD ($)

Jun. 30, 2020 USD ($)

Jan. 31, 2025 USD ($)

Jan. 31, 2024 USD ($)

Feb. 25, 2025 USD ($)

Feb. 24, 2025 USD ($)

Jul. 31, 2024 USD ($)

Debt Instrument [Line Items]

Net carrying value of debt

$ 6,260,000,000

$ 6,260,000,000

$ 6,038,000,000

Line of Credit | Revolving Credit Facility | Subsequent Event

Debt Instrument [Line Items]

Commercial paper

$ 1,800,000,000

Line of Credit | Revolving Credit Facility | Subsidiary

Debt Instrument [Line Items]

Secured revolving credit facilities

804,000,000

804,000,000

585,000,000

The Senior Unsecured Notes | Senior Unsecured Notes

Debt Instrument [Line Items]

Proceeds from issuance

$ 1,980,000,000

Unamortized discount

2,000,000

Debt issuance costs

$ 15,000,000

Net carrying value of debt

1,500,000,000

1,500,000,000

Interest paid

10,000,000

$ 10,000,000

Redemption price

101%

The 2023 Senior Unsecured Notes | Senior Unsecured Notes

Debt Instrument [Line Items]

Proceeds from issuance

$ 3,960,000,000

Unamortized discount

20,000,000

Debt issuance costs

$ 24,000,000

Net carrying value of debt

4,000,000,000

4,000,000,000

Interest paid

106,000,000

0

2024 Credit Facility | Line of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Net carrying value of debt

0

0

Interest paid

0

Line of credit, maximum borrowing capacity

$ 1,500,000,000

Option to increase credit amount

$ 1,000,000,000

Term of option to extend credit agreement

1 year

Restrictive covenant, ratio of total gross debt to EBIDTA

4

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Base Rate | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

0%

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Base Rate | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

0.125%

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

0.70%

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

1.125%

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Interest Benchmark for Relevant Currency | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

0.70%

2024 Credit Facility | Line of Credit | Revolving Credit Facility | Interest Benchmark for Relevant Currency | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

1.125%

2024 Credit Facility | Line of Credit | Swingline Loans

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 500,000,000

2024 Credit Facility | Line of Credit | Letter of Credit

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 250,000,000

Short-Term Revolving Credit Facility | Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 4,500,000,000

2025 Credit Facility | Line of Credit | Revolving Credit Facility

Debt Instrument [Line Items]

Interest paid

0

Restrictive covenant, ratio of total gross debt to EBIDTA

4

Commitment fee, percent

0.10%

2025 Credit Facility | Line of Credit | Revolving Credit Facility | Base Rate

Debt Instrument [Line Items]

Basis spread on variable rate

0.125%

2025 Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)

Debt Instrument [Line Items]

Basis spread on variable rate

1.125%

Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Subsidiary

Debt Instrument [Line Items]

Interest paid

11,000,000

10,000,000

Line of credit, maximum borrowing capacity

500,000,000

500,000,000

Line of credit, current borrowing capacity

300,000,000

300,000,000

Line of credit, remaining borrowing capacity

200,000,000

200,000,000

Secured revolving credit facilities

$ 395,000,000

$ 395,000,000

Interest rate at period end

5.73%

5.73%

Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Subsidiary | Asset Pledged as Collateral

Debt Instrument [Line Items]

Secured amount

$ 1,400,000,000

$ 1,400,000,000

Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Minimum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.25%

Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Maximum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.75%

Secured Revolving Credit Facility, 2019 | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Subsidiary

Debt Instrument [Line Items]

Basis spread on variable rate

1.25%

Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary

Debt Instrument [Line Items]

Interest paid

10,000,000

$ 5,000,000

Line of credit, maximum borrowing capacity

$ 500,000,000

Line of credit, current borrowing capacity

300,000,000

Line of credit, remaining borrowing capacity

$ 200,000,000

Secured revolving credit facilities

$ 300,000,000

$ 300,000,000

Interest rate at period end

5.68%

5.68%

Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Subsidiary | Asset Pledged as Collateral

Debt Instrument [Line Items]

Secured amount

$ 930,000,000

$ 930,000,000

Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Minimum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.20%

Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Maximum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.40%

Secured Revolving Credit Facility, 2022 | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Subsidiary

Debt Instrument [Line Items]

Basis spread on variable rate

1.30%

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Subsidiary

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 300,000,000

Line of credit, current borrowing capacity

150,000,000

Line of credit, remaining borrowing capacity

$ 150,000,000

Secured revolving credit facilities

$ 109,000,000

$ 109,000,000

Interest rate at period end

5.61%

5.61%

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Subsidiary | Subsequent Event

Debt Instrument [Line Items]

Line of credit, current borrowing capacity

300,000,000

Line of credit, remaining borrowing capacity

0

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Subsidiary | Asset Pledged as Collateral

Debt Instrument [Line Items]

Secured amount

$ 244,000,000

$ 244,000,000

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Minimum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.20%

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Maximum | Subsidiary

Debt Instrument [Line Items]

Interest rate on unused portion of line of credit

0.40%

Secured Revolving Credit Facility, 2024 | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Subsidiary

Debt Instrument [Line Items]

Basis spread on variable rate

1.15%

Commercial Paper Program | Line of Credit

Debt Instrument [Line Items]

Commercial paper

0

0

$ 0

Commercial Paper Program | Line of Credit | Commercial Paper

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 1,500,000,000

$ 1,500,000,000

Debt instrument, term

397 days

Commercial Paper Program | Line of Credit | Commercial Paper | Subsequent Event

Debt Instrument [Line Items]

Line of credit, maximum borrowing capacity

$ 2,000,000,000

$ 1,500,000,000

Other Liabilities and Commitm_3

Other Liabilities and Commitments - Schedule of Other Current Liabilities (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Executive deferred compensation plan liabilities	$ 230	$ 207
Interest payable	85	84
Reserve for returns, credits, and promotional discounts	81	40
Current portion of operating lease liabilities	59	71
Sales, property, and other taxes	59	47
Income taxes payable	30	8
Other	115	100
Total other current liabilities	$ 659	$ 557

Other Liabilities and Commitm_4

Other Liabilities and Commitments - Schedule of Other Long-term Obligations (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Income tax liabilities	$ 159	$ 157
Dividends payable	19	19
Deferred income tax liabilities	10	3
Deferred revenue	3	4
Other	30	25
Total other long-term obligations	$ 221	$ 208

Other Liabilities and Commitm_5

Other Liabilities and Commitments - Narrative (Details) $ in Millions	1 Months Ended
	Dec. 31, 2024 USD ($)
Long-Term Purchase Commitment [Line Items]
Long-term purchase commitment, amount	$ 3,500
Long-term purchase commitment, period	8 years
Minimum
Long-Term Purchase Commitment [Line Items]
Long-term purchase commitment, annual purchase commitment	$ 256
Maximum
Long-Term Purchase Commitment [Line Items]
Long-term purchase commitment, annual purchase commitment	$ 411

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	6 Months Ended
	Jan. 31, 2025 USD ($) option_to_extend
Lessee, Lease, Description [Line Items]
Number of options to extend | option_to_extend	1
Option to extend operating leases	7 years
Option to extend sublease	5 years
Term for leases not yet commenced	10 years
Operating Lease, Lease Not yet Commenced
Lessee, Lease, Description [Line Items]
Leases not yet commenced | $	$ 98
Maximum
Lessee, Lease, Description [Line Items]
Operating lease terms	17 years
Operating sublease terms	6 years

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Leases [Abstract]
Operating lease cost	$ 25	$ 26	$ 54	$ 52
Variable lease cost	5	6	10	12
Sublease income	(3)	(3)	(6)	(6)
Total net lease cost	$ 27	$ 29	$ 58	$ 58

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 57	$ 42
Right-of-use assets obtained in exchange for operating lease liabilities	$ 151	$ 22

Leases - Other Lease Informatio

Leases - Other Lease Information (Details)	Jan. 31, 2025	Jul. 31, 2024
Leases [Abstract]
Weighted-average remaining lease term for operating leases	8 years 2 months 12 days	7 years 8 months 12 days
Weighted-average discount rate for operating leases	3.70%	3.30%

Leases - Schedule of Future Pay

Leases - Schedule of Future Payments (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Operating Lease Maturity
2025 (excluding the six months ended January 31, 2025)	$ 29
2026	97
2027	95
2028	88
2029	91
Thereafter	346
Total future minimum lease payments	746
Less imputed interest	(114)
Present value of lease liabilities	632	$ 529
Sublease Income Maturity
Remainder of fiscal year 2025	2
2026	4
2027	4
2028	3
2029	3
Thereafter	$ 3

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jul. 31, 2024
Leases [Abstract]
Operating lease right-of-use assets	$ 518	$ 411
Other current liabilities	59	71
Operating lease liabilities	573	458
Total operating lease liabilities	$ 632	$ 529
Operating lease, liability, current, statement of financial position	Other Liabilities, Current	Other Liabilities, Current

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Tax shortfalls (benefits) on share-based compensation	$ 29	$ 56	$ 57	$ 83
Effective tax rate	17%		15%	4%
Effective tax rate, excluding discrete tax benefits	24%		24%
Income tax provision	$ 100	1	$ 116	$ 24
Income before income taxes	571	$ 354	784	$ 618
Total amount of unrecognized tax benefits					$ 327
Favorable net impact to income tax expense due to recognition of tax benefits					210
Long-term liability for uncertain tax positions	$ 66		$ 66		$ 66

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Feb. 25, 2025	Jan. 31, 2025	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Aug. 20, 2024
Options Outstanding
Common stock repurchased (in shares)					2
Total stock repurchased, including amounts not included under repurchase plans		$ 13			$ 1,300
Stock repurchase program, remaining authorized repurchase amount		$ 3,600	$ 3,600		$ 3,600		$ 3,000
Common stock, dividends, per share, cash paid (in dollars per share)					$ 2.08
Quarterly cash dividends declared			$ 303	$ 260	$ 598	$ 521
Cash dividends declared per common share (in dollars per share)			$ 1.04	$ 0.90	$ 2.08	$ 1.80
Subsequent Event
Options Outstanding
Cash dividends declared per common share (in dollars per share)	$ 1.04

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Total Share-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Options Outstanding
Total share-based compensation expense	$ 498	$ 475	$ 1,009	$ 970
Cost of revenue
Options Outstanding
Total share-based compensation expense	110	101	221	202
Selling and marketing
Options Outstanding
Total share-based compensation expense	136	125	273	248
Research and development
Options Outstanding
Total share-based compensation expense	161	162	322	323
General and administrative
Options Outstanding
Total share-based compensation expense	$ 91	$ 87	$ 193	$ 197

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Share-based Awards Available for Grant (Details) shares in Thousands	6 Months Ended
	Jan. 31, 2025 shares
Shares Available for Grant
Shares available for grant, beginning balance (in shares)	27,317
Restricted stock units granted (in shares)	(1,788)
Options granted (in shares)	0
Share-based awards canceled/forfeited/expired (in shares)	3,940
Shares available for grant, ending balance (in shares)	29,469
Pool shares reduced for each share granted (in shares)	2.3
Pool shares increased for each share forfeited (in shares)	2.3

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Restricted Stock Unit Activity (Details) - Restricted Stock Units and Restricted Stock $ / shares in Units, shares in Thousands, $ in Billions	6 Months Ended
	Jan. 31, 2025 USD ($) $ / shares shares
Number of Shares
Nonvested at beginning of period (in shares) | shares	10,924
Granted (in shares) | shares	777
Vested (in shares) | shares	(1,713)
Forfeited (in shares) | shares	(980)
Nonvested at end of period (in shares) | shares	9,008
Weighted- Average Grant Date Fair Value
Nonvested, weighted average grant date fair value, at beginning of period (in dollars per shares) | $ / shares	$ 496.64
Granted, weighted average grant date fair value (in dollars per shares) | $ / shares	644.72
Vested, weighted average grant date fair value (in dollars per shares) | $ / shares	484.55
Forfeited, weighted average grant date fair value (in dollars per shares) | $ / shares	420.58
Nonvested, weighted average grant date fair value, at end of period (in dollars per shares) | $ / shares	$ 519.99
Unrecognized compensation cost related to non-vested RSUs | $	$ 4.1
Expected weighted average vesting period to recognize compensation cost related to share based compensation expense	2 years 8 months 12 days

Stockholders' Equity - Schedu_4

Stockholders' Equity - Schedule of Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jan. 31, 2025 USD ($) $ / shares shares
Number of Shares
Options granted, number of shares (in shares)	0
Employee Stock Option
Number of Shares
Options outstanding, number of shares, beginning balance (in shares)	1,772
Options granted, number of shares (in shares)	0
Options exercised, number of shares (in shares)	(331)
Options canceled or expired, number of shares (in shares)	(56)
Options outstanding, number of shares, ending balance (in shares)	1,385
Exercisable (in shares)	725
Weighted- Average Exercise Price Per Share
Weighted average exercise price per share, beginning balance (in dollars per share) | $ / shares	$ 449.66
Options granted, weighted average exercise price per share (in dollars per share) | $ / shares	0
Options exercised, weighted average exercise price per share (in dollars per share) | $ / shares	315.61
Options canceled or expired, weighted average exercise price per share (in dollars per share) | $ / shares	482.41
Weighted average exercise price per share, ending balance (in dollars per share) | $ / shares	480.33
Exercisable, weighted average exercise price per share (in dollars per share) | $ / shares	$ 415.18
Unrecognized compensation cost related to non-vested share based compensation expense | $	$ 100
Expected weighted average vesting period to recognize compensation cost related to share based compensation expense	2 years 9 months 18 days

Legal Proceedings (Details)

Legal Proceedings (Details) $ in Millions	May 04, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement	$ 141

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025 USD ($)	Jan. 31, 2024 USD ($)	Jan. 31, 2025 USD ($) segment	Jan. 31, 2024 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Operating Segments | Global Business Solutions | Reorganization of Certain Workplace and Real Estate Functions
Segment Reporting Information [Line Items]
Other corporate expenses		$ 350		$ 682
Operating Segments | Consumer | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		129		194
Operating Segments | ProTax | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		8		16
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment
Segment Reporting Information [Line Items]
Other corporate expenses	$ 1,443	1,255	$ 2,770	2,379
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Workplace and Real Estate Functions
Segment Reporting Information [Line Items]
Other corporate expenses		350		682
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		129		194
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | Reorganization of Certain Technology Functions
Segment Reporting Information [Line Items]
Other corporate expenses		$ 8		$ 16
Non-US | Revenue Benchmark | Geographic Concentration Risk
Segment Reporting Information [Line Items]
International total net revenue as a percentage of total	9%	9%	9%	10%

Segment Information - Schedule

Segment Information - Schedule of Financial Results by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Financial results by reportable segment
Net revenue:	$ 3,963	$ 3,386	$ 7,246	$ 6,364
Operating income:	593	369	864	676
Unallocated corporate items:
Amortization of acquired technology	(37)	(36)	(74)	(74)
Amortization of other acquired intangible assets	(120)	(120)	(240)	(240)
Restructuring	(4)	0	(13)	0
Operating Segments
Financial results by reportable segment
Operating income:	2,695	2,255	4,970	4,339
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment
Unallocated corporate items:
Share-based compensation expense	(498)	(475)	(1,009)	(970)
Other corporate expenses	(1,443)	(1,255)	(2,770)	(2,379)
Amortization of acquired technology	(37)	(36)	(74)	(74)
Amortization of other acquired intangible assets	(120)	(120)	(240)	(240)
Restructuring	(4)	0	(13)	0
Total unallocated corporate items	(2,102)	(1,886)	(4,106)	(3,663)
Global Business Solutions
Financial results by reportable segment
Net revenue:	2,671	2,245	5,215	4,589
Global Business Solutions | Operating Segments
Financial results by reportable segment
Net revenue:	2,671	2,245	5,215	4,589
Operating income:	2,049	1,673	4,048	3,497
Unallocated corporate items:
Restructuring			(4)
Consumer | Operating Segments
Financial results by reportable segment
Net revenue:	509	492	685	679
Operating income:	229	263	305	395
Unallocated corporate items:
Restructuring			0
Credit Karma | Operating Segments
Financial results by reportable segment
Net revenue:	511	375	1,035	780
Operating income:	168	64	348	170
ProTax | Operating Segments
Financial results by reportable segment
Net revenue:	272	274	311	316
Operating income:	$ 249	$ 255	269	$ 277
Unallocated corporate items:
Restructuring			$ 0

Segment Information - Schedul_2

Segment Information - Schedule of Reconciliation of Revenue from Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Revenue from External Customer [Line Items]
Total net revenue	$ 3,963	$ 3,386	$ 7,246	$ 6,364
Global Business Solutions
Revenue from External Customer [Line Items]
Total net revenue	2,671	2,245	5,215	4,589
Online Ecosystem Subsegment | Global Business Solutions
Revenue from External Customer [Line Items]
Total net revenue	2,038	1,688	3,981	3,306
Online Ecosystem Subsegment | Global Business Solutions | QuickBooks
Revenue from External Customer [Line Items]
Total net revenue	1,008	826	1,973	1,624
Online Ecosystem Subsegment | Global Business Solutions | Online Services
Revenue from External Customer [Line Items]
Total net revenue	1,030	862	2,008	1,682
Desktop Ecosystem Subsegment | Global Business Solutions
Revenue from External Customer [Line Items]
Total net revenue	633	557	1,234	1,283
Desktop Ecosystem Subsegment | Global Business Solutions | QuickBooks
Revenue from External Customer [Line Items]
Total net revenue	314	256	610	632
Desktop Ecosystem Subsegment | Global Business Solutions | Desktop Services and Supplies
Revenue from External Customer [Line Items]
Total net revenue	$ 319	$ 301	$ 624	$ 651

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Restructuring Cost and Reserve [Line Items]
Total expected plan cost	$ 236		$ 236
Restructuring	$ 4	$ 0	13	$ 0
Severance, employee benefits and site closure costs
Restructuring Cost and Reserve [Line Items]
Restructuring			$ 13

Restructuring - Schedule of Act

Restructuring - Schedule of Activity for the Plan by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			$ 187
Additional Costs/ Adjustments	$ 4	$ 0	13	$ 0
Cash Payments			(182)
Non-Cash Items			(5)
Accrued January 31, 2025	13		13
Total Costs Incurred to Date	236		236
Total Expected Plan Cost	236		236
Operating Segments | Global Business Solutions
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			84
Additional Costs/ Adjustments			4
Cash Payments			(81)
Non-Cash Items			0
Accrued January 31, 2025	7		7
Total Costs Incurred to Date	100		100
Total Expected Plan Cost	100		100
Operating Segments | Consumer
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			9
Additional Costs/ Adjustments			0
Cash Payments			(9)
Non-Cash Items			0
Accrued January 31, 2025	0		0
Total Costs Incurred to Date	9		9
Total Expected Plan Cost	9		9
Operating Segments | Credit Karma
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			0
Additional Costs/ Adjustments			0
Cash Payments			0
Non-Cash Items			0
Accrued January 31, 2025	0		0
Total Costs Incurred to Date	0		0
Total Expected Plan Cost	0		0
Operating Segments | ProTax
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			2
Additional Costs/ Adjustments			0
Cash Payments			(2)
Non-Cash Items			0
Accrued January 31, 2025	0		0
Total Costs Incurred to Date	2		2
Total Expected Plan Cost	2		2
Corporate
Restructuring Reserve [Roll Forward]
Accrued July 31, 2024			92
Additional Costs/ Adjustments			9
Cash Payments			(90)
Non-Cash Items			(5)
Accrued January 31, 2025	6		6
Total Costs Incurred to Date	125		125
Total Expected Plan Cost	$ 125		$ 125