Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Intuit (INTU)

Price updated 06 Nov 2026 14:48; TTM through 31 Jul 2026; TTM financials updated 06 Nov 2026 12:29.

Starts from TTM through 31 Jul 2026 financials in USD and a share price of USD 346.10. Growth begins at 10.1% a year (the valuation's blended assumption) and fades to 3.3% by year 10. Margins held at EBITDA 33.7%, net 21.3%, free cash flow 40.2% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (9.1%); year 2 is halfway back to the model's own path.
USD 521.09Model fair value (Free-cash-flow DCF); range USD 395.78 to USD 729.93
51%Fair value vs today's price
LowModel confidence
25%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF disagrees strongly; trailing-twelve-month data; profit and cash flow steady for 3 years; value is more than 1.5x the Earnings-based DCF value.

8.9%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
USD 40.46BRevenue in year 10 (base)
USD 8.61BNet income in year 10 (base)
USD 16.26BFree cash flow in year 10 (base)
USD 9.34Dividend per share in year 10 (base)
USD 735.48Implied share price in year 10 (base), today USD 346.10
17.3%Year-10 free cash flow per share vs today's price

Free cash flow over time

USD 0 USD 5.61B USD 11.22B USD 16.82B USD 22.43B FY2022 FY2024 FY2026 TTM through 31 Jul 2026 +1 +3 +5 +7 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 3.1% USD 11.63B 3.0%
Base 9.1% USD 16.26B 6.6%
Bull 15.1% USD 22.43B 10.0%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 31 Jul 2026– USD 21.45BUSD 7.24BUSD 4.57BUSD 8.62B 16.7931.684.9569.82346.10
Year 19.1% USD 23.39BUSD 7.89BUSD 4.98BUSD 9.40B 18.3134.555.4082.73387.03
Year 29.2% USD 25.55BUSD 8.62BUSD 5.44BUSD 10.27B 20.0037.745.9096.83433.15
Year 38.6% USD 27.75BUSD 9.36BUSD 5.91BUSD 11.15B 21.7240.996.41112.14481.76
Year 47.8% USD 29.93BUSD 10.10BUSD 6.37BUSD 12.02B 23.4244.206.91128.65531.76
Year 57.1% USD 32.05BUSD 10.81BUSD 6.82BUSD 12.87B 25.0847.337.40146.34582.47
Year 66.3% USD 34.07BUSD 11.49BUSD 7.25BUSD 13.69B 26.6650.327.87165.13619.23
Year 75.5% USD 35.96BUSD 12.13BUSD 7.65BUSD 14.45B 28.1453.118.30184.98653.58
Year 84.8% USD 37.68BUSD 12.71BUSD 8.02BUSD 15.14B 29.4955.658.70205.76684.83
Year 94.0% USD 39.19BUSD 13.22BUSD 8.34BUSD 15.74B 30.6757.899.05227.39712.33
Year 103.3% USD 40.46BUSD 13.65BUSD 8.61BUSD 16.26B 31.6759.779.34249.72735.48

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.