| 1. Description of Business and Summary of Significant Accounting Policies |
Description of Business |
Basis of Presentation |
Seasonality |
Principles of Consolidation |
Use of Estimates |
Revenue Recognition |
Shipping and Handling |
Customer Service and Technical Support |
Software Development Costs |
Internal Use Software |
Advertising |
Leases |
Capitalization of Interest Expense |
Foreign Currency |
Income Taxes |
Computation of Net Income Per Share |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions, except per share amounts) | 2026 | 2025 | 2024 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 4,566\u00a0 | $ | 3,869\u00a0 | $ | 2,963\u00a0 | |||||||||||
| Denominator: | |||||||||||||||||
Shares used in basic per share calculations: | |||||||||||||||||
| Weighted-average common shares outstanding | 276\u00a0 | 280\u00a0 | 280\u00a0 | ||||||||||||||
Shares used in diluted per share calculations: | |||||||||||||||||
| Weighted-average common shares outstanding | 276\u00a0 | 280\u00a0 | 280\u00a0 | ||||||||||||||
Dilutive potential common equivalent shares from share-based awards | 1\u00a0 | 3\u00a0 | 4\u00a0 | ||||||||||||||
| Dilutive weighted-average common shares outstanding | 277\u00a0 | 283\u00a0 | 284\u00a0 | ||||||||||||||
| Basic and diluted net income per share: | |||||||||||||||||
| Basic net income per share | $ | 16.53\u00a0 | $ | 13.82\u00a0 | $ | 10.58\u00a0 | |||||||||||
| Diluted net income per share | $ | 16.46\u00a0 | $ | 13.67\u00a0 | $ | 10.43\u00a0 | |||||||||||
| 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 | 4\u00a0 | \u2014\u00a0 | 1\u00a0 |
Cash Equivalents and Investments |
Accounts Receivable and Allowances for Doubtful Accounts |
Funds Receivable and Amounts Held for Customers and Funds Payable and Amounts Due to Customers |
Property and Equipment |
Business Combinations |
Goodwill, Acquired Intangible Assets, and Other Long-Lived Assets |
Share-Based Compensation Plans |
Restructuring |
Concentration of Credit Risk and Significant Customers and Suppliers |
Accounting Standards Recently Adopted |
Accounting Standards Not Yet Adopted |
Description of Business |
Basis of Presentation |
Seasonality |
Principles of Consolidation |
Use of Estimates |
Revenue Recognition |
Shipping and Handling |
Customer Service and Technical Support |
Software Development Costs |
Internal Use Software |
Advertising |
Leases |
Capitalization of Interest Expense |
Foreign Currency |
Income Taxes |
Computation of Net Income Per Share |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions, except per share amounts) | 2026 | 2025 | 2024 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 4,566\u00a0 | $ | 3,869\u00a0 | $ | 2,963\u00a0 | |||||||||||
| Denominator: | |||||||||||||||||
Shares used in basic per share calculations: | |||||||||||||||||
| Weighted-average common shares outstanding | 276\u00a0 | 280\u00a0 | 280\u00a0 | ||||||||||||||
Shares used in diluted per share calculations: | |||||||||||||||||
| Weighted-average common shares outstanding | 276\u00a0 | 280\u00a0 | 280\u00a0 | ||||||||||||||
Dilutive potential common equivalent shares from share-based awards | 1\u00a0 | 3\u00a0 | 4\u00a0 | ||||||||||||||
| Dilutive weighted-average common shares outstanding | 277\u00a0 | 283\u00a0 | 284\u00a0 | ||||||||||||||
| Basic and diluted net income per share: | |||||||||||||||||
| Basic net income per share | $ | 16.53\u00a0 | $ | 13.82\u00a0 | $ | 10.58\u00a0 | |||||||||||
| Diluted net income per share | $ | 16.46\u00a0 | $ | 13.67\u00a0 | $ | 10.43\u00a0 | |||||||||||
| 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 | 4\u00a0 | \u2014\u00a0 | 1\u00a0 |
Cash Equivalents and Investments |
Accounts Receivable and Allowances for Doubtful Accounts |
Funds Receivable and Amounts Held for Customers and Funds Payable and Amounts Due to Customers |
Property and Equipment |
Business Combinations |
Goodwill, Acquired Intangible Assets, and Other Long-Lived Assets |
Share-Based Compensation Plans |
Restructuring |
Concentration of Credit Risk and Significant Customers and Suppliers |
Accounting Standards Recently Adopted |
Accounting Standards Not Yet Adopted |
| 2. Fair Value Measurements |
Fair Value Hierarchy |
Assets and Liabilities Measured at Fair Value on a Recurring Basis |
| At July 31, 2026 | At July 31, 2025 | ||||||||||||||||||||||||||||||||||
| (In millions) | Level 1 | Level 2 | Total Fair Value | Level 1 | Level 2 | Total Fair Value | |||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||
| Cash equivalents, primarily money market funds | $ | 3,068\u00a0 | $ | \u2014\u00a0 | $ | 3,068\u00a0 | $ | 1,790\u00a0 | $ | \u2014\u00a0 | $ | 1,790\u00a0 | |||||||||||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||||||||||||||
| Corporate notes | \u2014\u00a0 | 869\u00a0 | 869\u00a0 | \u2014\u00a0 | 502\u00a0 | 502\u00a0 | |||||||||||||||||||||||||||||
| U.S. agency securities | \u2014\u00a0 | 1,776\u00a0 | 1,776\u00a0 | \u2014\u00a0 | 1,316\u00a0 | 1,316\u00a0 | |||||||||||||||||||||||||||||
| Total available-for-sale debt securities | \u2014\u00a0 | 2,645\u00a0 | 2,645\u00a0 | \u2014\u00a0 | 1,818\u00a0 | 1,818\u00a0 | |||||||||||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 3,068\u00a0 | $ | 2,645\u00a0 | $ | 5,713\u00a0 | $ | 1,790\u00a0 | $ | 1,818\u00a0 | $ | 3,608\u00a0 | |||||||||||||||||||||||
| At July 31, 2026 | At July 31, 2025 | ||||||||||||||||||||||||||||||||||
| (In millions) | Level 1 | Level 2 | Total Fair Value | Level 1 | Level 2 | Total Fair Value | |||||||||||||||||||||||||||||
| Cash equivalents: | |||||||||||||||||||||||||||||||||||
| In cash and cash equivalents | $ | 3,068\u00a0 | $ | \u2014\u00a0 | $ | 3,068\u00a0 | $ | 1,790\u00a0 | $ | \u2014\u00a0 | $ | 1,790\u00a0 | |||||||||||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||||||||||||||
| In investments | $ | \u2014\u00a0 | $ | 2,495\u00a0 | $ | 2,495\u00a0 | $ | \u2014\u00a0 | $ | 1,668\u00a0 | $ | 1,668\u00a0 | |||||||||||||||||||||||
| In funds receivable and amounts held for customers | \u2014\u00a0 | 150\u00a0 | 150\u00a0 | \u2014\u00a0 | 150\u00a0 | 150\u00a0 | |||||||||||||||||||||||||||||
| Total available-for-sale debt securities | $ | \u2014\u00a0 | $ | 2,645\u00a0 | $ | 2,645\u00a0 | $ | \u2014\u00a0 | $ | 1,818\u00a0 | $ | 1,818\u00a0 |
Assets Measured at Fair Value on a Non-Recurring Basis |
July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Upward adjustments | $ | 173\u00a0 | $ | 11\u00a0 | $ | 4\u00a0 | |||||||||||
Downward adjustments, including impairments | \u2014\u00a0 | (51) | (2) | ||||||||||||||
Net adjustments | $ | 173\u00a0 | $ | (40) | $ | 2\u00a0 |
| At July 31, 2026 | At July 31, 2025 | ||||||||||||||||||||||||||||||||||
| (In millions) | Level 1 | Level 2 | Total Fair Value | Level 1 | Level 2 | Total Fair Value | |||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||
| Cash equivalents, primarily money market funds | $ | 3,068\u00a0 | $ | \u2014\u00a0 | $ | 3,068\u00a0 | $ | 1,790\u00a0 | $ | \u2014\u00a0 | $ | 1,790\u00a0 | |||||||||||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||||||||||||||
| Corporate notes | \u2014\u00a0 | 869\u00a0 | 869\u00a0 | \u2014\u00a0 | 502\u00a0 | 502\u00a0 | |||||||||||||||||||||||||||||
| U.S. agency securities | \u2014\u00a0 | 1,776\u00a0 | 1,776\u00a0 | \u2014\u00a0 | 1,316\u00a0 | 1,316\u00a0 | |||||||||||||||||||||||||||||
| Total available-for-sale debt securities | \u2014\u00a0 | 2,645\u00a0 | 2,645\u00a0 | \u2014\u00a0 | 1,818\u00a0 | 1,818\u00a0 | |||||||||||||||||||||||||||||
| Total assets measured at fair value on a recurring basis | $ | 3,068\u00a0 | $ | 2,645\u00a0 | $ | 5,713\u00a0 | $ | 1,790\u00a0 | $ | 1,818\u00a0 | $ | 3,608\u00a0 | |||||||||||||||||||||||
| At July 31, 2026 | At July 31, 2025 | ||||||||||||||||||||||||||||||||||
| (In millions) | Level 1 | Level 2 | Total Fair Value | Level 1 | Level 2 | Total Fair Value | |||||||||||||||||||||||||||||
| Cash equivalents: | |||||||||||||||||||||||||||||||||||
| In cash and cash equivalents | $ | 3,068\u00a0 | $ | \u2014\u00a0 | $ | 3,068\u00a0 | $ | 1,790\u00a0 | $ | \u2014\u00a0 | $ | 1,790\u00a0 | |||||||||||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||||||||||||||
| In investments | $ | \u2014\u00a0 | $ | 2,495\u00a0 | $ | 2,495\u00a0 | $ | \u2014\u00a0 | $ | 1,668\u00a0 | $ | 1,668\u00a0 | |||||||||||||||||||||||
| In funds receivable and amounts held for customers | \u2014\u00a0 | 150\u00a0 | 150\u00a0 | \u2014\u00a0 | 150\u00a0 | 150\u00a0 | |||||||||||||||||||||||||||||
| Total available-for-sale debt securities | $ | \u2014\u00a0 | $ | 2,645\u00a0 | $ | 2,645\u00a0 | $ | \u2014\u00a0 | $ | 1,818\u00a0 | $ | 1,818\u00a0 |
July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Upward adjustments | $ | 173\u00a0 | $ | 11\u00a0 | $ | 4\u00a0 | |||||||||||
Downward adjustments, including impairments | \u2014\u00a0 | (51) | (2) | ||||||||||||||
Net adjustments | $ | 173\u00a0 | $ | (40) | $ | 2\u00a0 |
| 3. Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Classification on consolidated balance sheets: | |||||||||||||||||||||||
| Cash and cash equivalents | $ | 4,705\u00a0 | $ | 4,705\u00a0 | $ | 2,884\u00a0 | $ | 2,884\u00a0 | |||||||||||||||
| Investments | 2,495\u00a0 | 2,495\u00a0 | 1,667\u00a0 | 1,668\u00a0 | |||||||||||||||||||
| Funds receivable and amounts held for customers | 5,039\u00a0 | 5,038\u00a0 | 7,076\u00a0 | 7,076\u00a0 | |||||||||||||||||||
| Total cash and cash equivalents, investments, and funds receivable and amounts held for customers | $ | 12,239\u00a0 | $ | 12,238\u00a0 | $ | 11,627\u00a0 | $ | 11,628\u00a0 |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Type of issue: | |||||||||||||||||||||||
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $ | 9,216\u00a0 | $ | 9,216\u00a0 | $ | 9,481\u00a0 | $ | 9,481\u00a0 | |||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||
| Corporate notes | 870\u00a0 | 869\u00a0 | 502\u00a0 | 502\u00a0 | |||||||||||||||||||
| U.S. agency securities | 1,776\u00a0 | 1,776\u00a0 | 1,315\u00a0 | 1,316\u00a0 | |||||||||||||||||||
| Total available-for-sale debt securities | 2,646\u00a0 | 2,645\u00a0 | 1,817\u00a0 | 1,818\u00a0 | |||||||||||||||||||
| Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments | $ | 11,862\u00a0 | $ | 11,861\u00a0 | $ | 11,298\u00a0 | $ | 11,299\u00a0 |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Due within one year | $ | 2,519\u00a0 | $ | 2,519\u00a0 | $ | 1,694\u00a0 | $ | 1,694\u00a0 | |||||||||||||||
| Due within two years | 65\u00a0 | 65\u00a0 | 62\u00a0 | 63\u00a0 | |||||||||||||||||||
| Due within three years | 62\u00a0 | 61\u00a0 | 61\u00a0 | 61\u00a0 | |||||||||||||||||||
| Total available-for-sale debt securities | $ | 2,646\u00a0 | $ | 2,645\u00a0 | $ | 1,817\u00a0 | $ | 1,818\u00a0 |
| (In millions) | July 31, 2026 | July 31, 2025 | July 31, 2024 | July 31, 2023 | |||||||||||||||||||
| Restricted cash and restricted cash equivalents | $ | 4,511\u00a0 | $ | 6,597\u00a0 | $ | 3,490\u00a0 | $ | 4\u00a0 | |||||||||||||||
| Restricted available-for-sale debt securities | 150\u00a0 | 150\u00a0 | 150\u00a0 | 200\u00a0 | |||||||||||||||||||
| Restricted funds receivable | 377\u00a0 | 329\u00a0 | 281\u00a0 | 216\u00a0 | |||||||||||||||||||
| Total funds receivable and amounts held for customers | $ | 5,038\u00a0 | $ | 7,076\u00a0 | $ | 3,921\u00a0 | $ | 420\u00a0 |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Classification on consolidated balance sheets: | |||||||||||||||||||||||
| Cash and cash equivalents | $ | 4,705\u00a0 | $ | 4,705\u00a0 | $ | 2,884\u00a0 | $ | 2,884\u00a0 | |||||||||||||||
| Investments | 2,495\u00a0 | 2,495\u00a0 | 1,667\u00a0 | 1,668\u00a0 | |||||||||||||||||||
| Funds receivable and amounts held for customers | 5,039\u00a0 | 5,038\u00a0 | 7,076\u00a0 | 7,076\u00a0 | |||||||||||||||||||
| Total cash and cash equivalents, investments, and funds receivable and amounts held for customers | $ | 12,239\u00a0 | $ | 12,238\u00a0 | $ | 11,627\u00a0 | $ | 11,628\u00a0 |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Type of issue: | |||||||||||||||||||||||
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $ | 9,216\u00a0 | $ | 9,216\u00a0 | $ | 9,481\u00a0 | $ | 9,481\u00a0 | |||||||||||||||
| Available-for-sale debt securities: | |||||||||||||||||||||||
| Corporate notes | 870\u00a0 | 869\u00a0 | 502\u00a0 | 502\u00a0 | |||||||||||||||||||
| U.S. agency securities | 1,776\u00a0 | 1,776\u00a0 | 1,315\u00a0 | 1,316\u00a0 | |||||||||||||||||||
| Total available-for-sale debt securities | 2,646\u00a0 | 2,645\u00a0 | 1,817\u00a0 | 1,818\u00a0 | |||||||||||||||||||
| Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments | $ | 11,862\u00a0 | $ | 11,861\u00a0 | $ | 11,298\u00a0 | $ | 11,299\u00a0 |
| July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||
| (In millions) | Amortized Cost | Fair Value | Amortized Cost | Fair Value | |||||||||||||||||||
| Due within one year | $ | 2,519\u00a0 | $ | 2,519\u00a0 | $ | 1,694\u00a0 | $ | 1,694\u00a0 | |||||||||||||||
| Due within two years | 65\u00a0 | 65\u00a0 | 62\u00a0 | 63\u00a0 | |||||||||||||||||||
| Due within three years | 62\u00a0 | 61\u00a0 | 61\u00a0 | 61\u00a0 | |||||||||||||||||||
| Total available-for-sale debt securities | $ | 2,646\u00a0 | $ | 2,645\u00a0 | $ | 1,817\u00a0 | $ | 1,818\u00a0 |
| (In millions) | July 31, 2026 | July 31, 2025 | July 31, 2024 | July 31, 2023 | |||||||||||||||||||
| Restricted cash and restricted cash equivalents | $ | 4,511\u00a0 | $ | 6,597\u00a0 | $ | 3,490\u00a0 | $ | 4\u00a0 | |||||||||||||||
| Restricted available-for-sale debt securities | 150\u00a0 | 150\u00a0 | 150\u00a0 | 200\u00a0 | |||||||||||||||||||
| Restricted funds receivable | 377\u00a0 | 329\u00a0 | 281\u00a0 | 216\u00a0 | |||||||||||||||||||
| Total funds receivable and amounts held for customers | $ | 5,038\u00a0 | $ | 7,076\u00a0 | $ | 3,921\u00a0 | $ | 420\u00a0 |
| 4. Notes Receivable and Allowances for Credit Losses |
Notes Receivable Held for Investment |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Beginning balance | $ | 100\u00a0 | $ | 62\u00a0 | $ | 30\u00a0 | |||||||||||
| Provision for expected credit losses | 199\u00a0 | 115\u00a0 | 89\u00a0 | ||||||||||||||
| Charge-offs | (185) | (88) | (65) | ||||||||||||||
| Recoveries | 20\u00a0 | 11\u00a0 | 8\u00a0 | ||||||||||||||
| Ending balance | $ | 134\u00a0 | $ | 100\u00a0 | $ | 62\u00a0 |
Notes Receivable Held for Sale |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Beginning balance | $ | 100\u00a0 | $ | 62\u00a0 | $ | 30\u00a0 | |||||||||||
| Provision for expected credit losses | 199\u00a0 | 115\u00a0 | 89\u00a0 | ||||||||||||||
| Charge-offs | (185) | (88) | (65) | ||||||||||||||
| Recoveries | 20\u00a0 | 11\u00a0 | 8\u00a0 | ||||||||||||||
| Ending balance | $ | 134\u00a0 | $ | 100\u00a0 | $ | 62\u00a0 |
| 5. Property and Equipment |
| Life in | July 31, | ||||||||||||||||
| (Dollars in millions) | Years | 2026 | 2025 | ||||||||||||||
| Buildings | 5-30 | $ | 701\u00a0 | $ | 644\u00a0 | ||||||||||||
| Software | 2-6 | 691\u00a0 | 791\u00a0 | ||||||||||||||
| Leasehold improvements | 2-16 | 451\u00a0 | 479\u00a0 | ||||||||||||||
| Equipment | 3-5 | 178\u00a0 | 175\u00a0 | ||||||||||||||
| Furniture and fixtures | 5 | 141\u00a0 | 139\u00a0 | ||||||||||||||
| Land | \u2013 | 96\u00a0 | 96\u00a0 | ||||||||||||||
| Capital in progress | \u2013 | 146\u00a0 | 39\u00a0 | ||||||||||||||
| Total property and equipment | 2,404\u00a0 | 2,363\u00a0 | |||||||||||||||
| Less accumulated depreciation and amortization | (1,381) | (1,402) | |||||||||||||||
| Total property and equipment, net | $ | 1,023\u00a0 | $ | 961\u00a0 |
| Life in | July 31, | ||||||||||||||||
| (Dollars in millions) | Years | 2026 | 2025 | ||||||||||||||
| Buildings | 5-30 | $ | 701\u00a0 | $ | 644\u00a0 | ||||||||||||
| Software | 2-6 | 691\u00a0 | 791\u00a0 | ||||||||||||||
| Leasehold improvements | 2-16 | 451\u00a0 | 479\u00a0 | ||||||||||||||
| Equipment | 3-5 | 178\u00a0 | 175\u00a0 | ||||||||||||||
| Furniture and fixtures | 5 | 141\u00a0 | 139\u00a0 | ||||||||||||||
| Land | \u2013 | 96\u00a0 | 96\u00a0 | ||||||||||||||
| Capital in progress | \u2013 | 146\u00a0 | 39\u00a0 | ||||||||||||||
| Total property and equipment | 2,404\u00a0 | 2,363\u00a0 | |||||||||||||||
| Less accumulated depreciation and amortization | (1,381) | (1,402) | |||||||||||||||
| Total property and equipment, net | $ | 1,023\u00a0 | $ | 961\u00a0 |
| 6. Goodwill and Acquired Intangible Assets |
Goodwill |
| (In millions) | Balance July 31, 2024 | Goodwill Acquired/ Adjusted | Foreign Currency Translation | Balance July 31, 2025 | Goodwill Acquired/ Adjusted | Foreign Currency Translation and Other | Balance July 31, 2026 | ||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | 9,690\u00a0 | $ | 134\u00a0 | $ | 1\u00a0 | $ | 9,825\u00a0 | $ | \u2014\u00a0 | $ | (4) | $ | 9,821\u00a0 | |||||||||||||||||||||||||||
| Consumer | 4,154\u00a0 | \u2014\u00a0 | 1\u00a0 | 4,155\u00a0 | \u2014\u00a0 | 5\u00a0 | 4,160\u00a0 | ||||||||||||||||||||||||||||||||||
| Totals | $ | 13,844\u00a0 | $ | 134\u00a0 | $ | 2\u00a0 | $ | 13,980\u00a0 | $ | \u2014\u00a0 | $ | 1\u00a0 | $ | 13,981\u00a0 |
Acquired Intangible Assets |
| (Dollars in millions) | Customer and User Relationships | Purchased Technology | Trade Names and Logos | Total | |||||||||||||||||||
| At July 31, 2026: | |||||||||||||||||||||||
| Cost | $ | 6,198\u00a0 | $ | 1,765\u00a0 | $ | 680\u00a0 | $ | 8,643\u00a0 | |||||||||||||||
| Accumulated amortization | (2,464) | (1,237) | (300) | (4,001) | |||||||||||||||||||
| Acquired intangible assets, net | $ | 3,734\u00a0 | $ | 528\u00a0 | $ | 380\u00a0 | $ | 4,642\u00a0 | |||||||||||||||
| Weighted-average life in years | 14 | 8 | 13 | 13 | |||||||||||||||||||
| At July 31, 2025: | |||||||||||||||||||||||
| Cost | $ | 6,198\u00a0 | $ | 1,765\u00a0 | $ | 680\u00a0 | $ | 8,643\u00a0 | |||||||||||||||
| Accumulated amortization | (2,034) | (1,061) | (246) | (3,341) | |||||||||||||||||||
| Acquired intangible assets, net | $ | 4,164\u00a0 | $ | 704\u00a0 | $ | 434\u00a0 | $ | 5,302\u00a0 | |||||||||||||||
| Weighted-average life in years | 14 | 8 | 13 | 13 |
| (In millions) | Expected Future Amortization Expense | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 633\u00a0 | |||
| 2028 | 613\u00a0 | ||||
| 2029 | 593\u00a0 | ||||
| 2030 | 590\u00a0 | ||||
| 2031 | 506\u00a0 | ||||
| Thereafter | 1,707\u00a0 | ||||
| Total expected future amortization expense | $ | 4,642\u00a0 |
| (In millions) | Balance July 31, 2024 | Goodwill Acquired/ Adjusted | Foreign Currency Translation | Balance July 31, 2025 | Goodwill Acquired/ Adjusted | Foreign Currency Translation and Other | Balance July 31, 2026 | ||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | 9,690\u00a0 | $ | 134\u00a0 | $ | 1\u00a0 | $ | 9,825\u00a0 | $ | \u2014\u00a0 | $ | (4) | $ | 9,821\u00a0 | |||||||||||||||||||||||||||
| Consumer | 4,154\u00a0 | \u2014\u00a0 | 1\u00a0 | 4,155\u00a0 | \u2014\u00a0 | 5\u00a0 | 4,160\u00a0 | ||||||||||||||||||||||||||||||||||
| Totals | $ | 13,844\u00a0 | $ | 134\u00a0 | $ | 2\u00a0 | $ | 13,980\u00a0 | $ | \u2014\u00a0 | $ | 1\u00a0 | $ | 13,981\u00a0 |
| (Dollars in millions) | Customer and User Relationships | Purchased Technology | Trade Names and Logos | Total | |||||||||||||||||||
| At July 31, 2026: | |||||||||||||||||||||||
| Cost | $ | 6,198\u00a0 | $ | 1,765\u00a0 | $ | 680\u00a0 | $ | 8,643\u00a0 | |||||||||||||||
| Accumulated amortization | (2,464) | (1,237) | (300) | (4,001) | |||||||||||||||||||
| Acquired intangible assets, net | $ | 3,734\u00a0 | $ | 528\u00a0 | $ | 380\u00a0 | $ | 4,642\u00a0 | |||||||||||||||
| Weighted-average life in years | 14 | 8 | 13 | 13 | |||||||||||||||||||
| At July 31, 2025: | |||||||||||||||||||||||
| Cost | $ | 6,198\u00a0 | $ | 1,765\u00a0 | $ | 680\u00a0 | $ | 8,643\u00a0 | |||||||||||||||
| Accumulated amortization | (2,034) | (1,061) | (246) | (3,341) | |||||||||||||||||||
| Acquired intangible assets, net | $ | 4,164\u00a0 | $ | 704\u00a0 | $ | 434\u00a0 | $ | 5,302\u00a0 | |||||||||||||||
| Weighted-average life in years | 14 | 8 | 13 | 13 |
| (In millions) | Expected Future Amortization Expense | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 633\u00a0 | |||
| 2028 | 613\u00a0 | ||||
| 2029 | 593\u00a0 | ||||
| 2030 | 590\u00a0 | ||||
| 2031 | 506\u00a0 | ||||
| Thereafter | 1,707\u00a0 | ||||
| Total expected future amortization expense | $ | 4,642\u00a0 |
| 7. Debt |
| Effective | July 31, | July 31, | |||||||||||||||||||||
| (Dollars in millions) | Issuance Date | Interest Rate | 2026 | 2025 | |||||||||||||||||||
5.250%, 2023 Notes due September 2026 | September 2023 | 5.325% | $ | 750\u00a0 | $ | 750\u00a0 | |||||||||||||||||
1.350%, 2020 Notes due July 2027 | June 2020 | 1.486% | 500\u00a0 | 500\u00a0 | |||||||||||||||||||
5.125%, 2023 Notes due September 2028 | September 2023 | 5.258% | 750\u00a0 | 750\u00a0 | |||||||||||||||||||
1.650%, 2020 Notes due July 2030 | June 2020 | 1.767% | 500\u00a0 | 500\u00a0 | |||||||||||||||||||
4.950%, 2026 Notes due June 2031 | June 2026 | 5.083% | 750\u00a0 | \u2014\u00a0 | |||||||||||||||||||
5.200%, 2023 Notes due September 2033 | September 2023 | 5.312% | 1,250\u00a0 | 1,250\u00a0 | |||||||||||||||||||
5.500%, 2026 Notes due June 2036 | June 2026 | 5.620% | 1,000\u00a0 | \u2014\u00a0 | |||||||||||||||||||
5.500%, 2023 Notes due September 2053 | September 2023 | 5.576% | 1,250\u00a0 | 1,250\u00a0 | |||||||||||||||||||
| Total senior unsecured notes | 6,750\u00a0 | 5,000\u00a0 | |||||||||||||||||||||
| Secured revolving credit facilities | 970\u00a0 | 1,014\u00a0 | |||||||||||||||||||||
| Total principal balance of debt | 7,720\u00a0 | 6,014\u00a0 | |||||||||||||||||||||
| Unamortized discount and debt issuance costs | (51) | (41) | |||||||||||||||||||||
| Net carrying value of debt | $ | 7,669\u00a0 | $ | 5,973\u00a0 | |||||||||||||||||||
| Short-term debt | $ | 1,249\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||
| Long-term debt | $ | 6,420\u00a0 | $ | 5,973\u00a0 |
| (In millions) | |||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 1,250\u00a0 | |||
| 2028 | 400\u00a0 | ||||
| 2029 | 1,100\u00a0 | ||||
| 2030 | 720\u00a0 | ||||
| 2031 | 750\u00a0 | ||||
| Thereafter | 3,500\u00a0 | ||||
| Total future principal payments for debt | $ | 7,720\u00a0 |
Senior Unsecured Notes |
Secured Revolving Credit Facilities |
| Stated | Unused | ||||||||||||||||||||||||||||
| Termination Date | Maturity Date | Interest Rate | Commitment Fee | Interest Rate1 | |||||||||||||||||||||||||
2019 Secured Facility | August 2027 | August 2028 | SOFR + 1.35% | 0.25% to 0.75% | 5.01% | ||||||||||||||||||||||||
2022 Secured Facility | April 2027 | May 2028 | SOFR + 1.10% | 0.20% to 0.40% | 4.76% | ||||||||||||||||||||||||
2024 Secured Facility | November 2028 | November 2029 | SOFR + 1.15% | 0.20% to 0.40% | 5.19% |
| Uncommitted | Committed | Total | Outstanding Principal Balance | ||||||||||||||||||||||||||
| (Dollars in millions) | Facility Limit | Facility Limit | Facility Limit | July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||||
| 2019 Secured Facility | $ | 200\u00a0 | $ | 300\u00a0 | $ | 500\u00a0 | $ | 350\u00a0 | $ | 440\u00a0 | |||||||||||||||||||
| 2022 Secured Facility | 100\u00a0 | 400\u00a0 | 500\u00a0 | 400\u00a0 | 300\u00a0 | ||||||||||||||||||||||||
| 2024 Secured Facility | \u2014\u00a0 | 500\u00a0 | 500\u00a0 | 220\u00a0 | 274\u00a0 | ||||||||||||||||||||||||
| Total secured revolving credit facilities: | $ | 300\u00a0 | $ | 1,200\u00a0 | $ | 1,500\u00a0 | $ | 970\u00a0 | $ | 1,014\u00a0 |
Unsecured Credit Facilities |
Commercial Paper Program |
| Effective | July 31, | July 31, | |||||||||||||||||||||
| (Dollars in millions) | Issuance Date | Interest Rate | 2026 | 2025 | |||||||||||||||||||
5.250%, 2023 Notes due September 2026 | September 2023 | 5.325% | $ | 750\u00a0 | $ | 750\u00a0 | |||||||||||||||||
1.350%, 2020 Notes due July 2027 | June 2020 | 1.486% | 500\u00a0 | 500\u00a0 | |||||||||||||||||||
5.125%, 2023 Notes due September 2028 | September 2023 | 5.258% | 750\u00a0 | 750\u00a0 | |||||||||||||||||||
1.650%, 2020 Notes due July 2030 | June 2020 | 1.767% | 500\u00a0 | 500\u00a0 | |||||||||||||||||||
4.950%, 2026 Notes due June 2031 | June 2026 | 5.083% | 750\u00a0 | \u2014\u00a0 | |||||||||||||||||||
5.200%, 2023 Notes due September 2033 | September 2023 | 5.312% | 1,250\u00a0 | 1,250\u00a0 | |||||||||||||||||||
5.500%, 2026 Notes due June 2036 | June 2026 | 5.620% | 1,000\u00a0 | \u2014\u00a0 | |||||||||||||||||||
5.500%, 2023 Notes due September 2053 | September 2023 | 5.576% | 1,250\u00a0 | 1,250\u00a0 | |||||||||||||||||||
| Total senior unsecured notes | 6,750\u00a0 | 5,000\u00a0 | |||||||||||||||||||||
| Secured revolving credit facilities | 970\u00a0 | 1,014\u00a0 | |||||||||||||||||||||
| Total principal balance of debt | 7,720\u00a0 | 6,014\u00a0 | |||||||||||||||||||||
| Unamortized discount and debt issuance costs | (51) | (41) | |||||||||||||||||||||
| Net carrying value of debt | $ | 7,669\u00a0 | $ | 5,973\u00a0 | |||||||||||||||||||
| Short-term debt | $ | 1,249\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||
| Long-term debt | $ | 6,420\u00a0 | $ | 5,973\u00a0 |
| (In millions) | |||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 1,250\u00a0 | |||
| 2028 | 400\u00a0 | ||||
| 2029 | 1,100\u00a0 | ||||
| 2030 | 720\u00a0 | ||||
| 2031 | 750\u00a0 | ||||
| Thereafter | 3,500\u00a0 | ||||
| Total future principal payments for debt | $ | 7,720\u00a0 |
| Stated | Unused | ||||||||||||||||||||||||||||
| Termination Date | Maturity Date | Interest Rate | Commitment Fee | Interest Rate1 | |||||||||||||||||||||||||
2019 Secured Facility | August 2027 | August 2028 | SOFR + 1.35% | 0.25% to 0.75% | 5.01% | ||||||||||||||||||||||||
2022 Secured Facility | April 2027 | May 2028 | SOFR + 1.10% | 0.20% to 0.40% | 4.76% | ||||||||||||||||||||||||
2024 Secured Facility | November 2028 | November 2029 | SOFR + 1.15% | 0.20% to 0.40% | 5.19% |
| Uncommitted | Committed | Total | Outstanding Principal Balance | ||||||||||||||||||||||||||
| (Dollars in millions) | Facility Limit | Facility Limit | Facility Limit | July 31, 2026 | July 31, 2025 | ||||||||||||||||||||||||
| 2019 Secured Facility | $ | 200\u00a0 | $ | 300\u00a0 | $ | 500\u00a0 | $ | 350\u00a0 | $ | 440\u00a0 | |||||||||||||||||||
| 2022 Secured Facility | 100\u00a0 | 400\u00a0 | 500\u00a0 | 400\u00a0 | 300\u00a0 | ||||||||||||||||||||||||
| 2024 Secured Facility | \u2014\u00a0 | 500\u00a0 | 500\u00a0 | 220\u00a0 | 274\u00a0 | ||||||||||||||||||||||||
| Total secured revolving credit facilities: | $ | 300\u00a0 | $ | 1,200\u00a0 | $ | 1,500\u00a0 | $ | 970\u00a0 | $ | 1,014\u00a0 |
| 8. Other Liabilities and Commitments |
Other Current Liabilities |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Executive deferred compensation plan liabilities | $ | 308\u00a0 | $ | 248\u00a0 | |||||||
| Interest payable | 98\u00a0 | 85\u00a0 | |||||||||
| Current portion of operating lease liabilities | 85\u00a0 | 69\u00a0 | |||||||||
| Sales, property, and other taxes | 68\u00a0 | 55\u00a0 | |||||||||
| Reserve for returns, credits, and promotional discounts | 54\u00a0 | 39\u00a0 | |||||||||
| Excise tax on share repurchases | 41\u00a0 | 7\u00a0 | |||||||||
| Amounts due for share repurchases | 31\u00a0 | 14\u00a0 | |||||||||
| Other | 178\u00a0 | 108\u00a0 | |||||||||
| Total other current liabilities | $ | 863\u00a0 | $ | 625\u00a0 |
Other Long-Term Obligations |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Income tax liabilities | $ | 247\u00a0 | $ | 238\u00a0 | |||||||
| Other | 58\u00a0 | 50\u00a0 | |||||||||
| Total other long-term obligations | $ | 305\u00a0 | $ | 288\u00a0 | |||||||
Unconditional Purchase Obligations |
| (In millions) | Purchase Obligations | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 1,160\u00a0 | |||
| 2028 | 1,169\u00a0 | ||||
| 2029 | 910\u00a0 | ||||
| 2030 | 467\u00a0 | ||||
| 2031 | 460\u00a0 | ||||
| Thereafter | 768\u00a0 | ||||
| Total commitments | $ | 4,934\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Executive deferred compensation plan liabilities | $ | 308\u00a0 | $ | 248\u00a0 | |||||||
| Interest payable | 98\u00a0 | 85\u00a0 | |||||||||
| Current portion of operating lease liabilities | 85\u00a0 | 69\u00a0 | |||||||||
| Sales, property, and other taxes | 68\u00a0 | 55\u00a0 | |||||||||
| Reserve for returns, credits, and promotional discounts | 54\u00a0 | 39\u00a0 | |||||||||
| Excise tax on share repurchases | 41\u00a0 | 7\u00a0 | |||||||||
| Amounts due for share repurchases | 31\u00a0 | 14\u00a0 | |||||||||
| Other | 178\u00a0 | 108\u00a0 | |||||||||
| Total other current liabilities | $ | 863\u00a0 | $ | 625\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Income tax liabilities | $ | 247\u00a0 | $ | 238\u00a0 | |||||||
| Other | 58\u00a0 | 50\u00a0 | |||||||||
| Total other long-term obligations | $ | 305\u00a0 | $ | 288\u00a0 | |||||||
| (In millions) | Purchase Obligations | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 1,160\u00a0 | |||
| 2028 | 1,169\u00a0 | ||||
| 2029 | 910\u00a0 | ||||
| 2030 | 467\u00a0 | ||||
| 2031 | 460\u00a0 | ||||
| Thereafter | 768\u00a0 | ||||
| Total commitments | $ | 4,934\u00a0 |
| 9. Leases |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Operating lease cost (1) | $ | 142\u00a0 | $ | 111\u00a0 | $ | 108\u00a0 | |||||||||||
| Variable lease cost | 25\u00a0 | 22\u00a0 | 23\u00a0 | ||||||||||||||
| Sublease income | (8) | (10) | (11) | ||||||||||||||
| Total net lease cost | $ | 159\u00a0 | $ | 123\u00a0 | $ | 120\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Cash paid for amounts included in the measurement of operating lease liabilities | $ | 124\u00a0 | $ | 101\u00a0 | $ | 89\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for operating lease liabilities | $ | 183\u00a0 | $ | 212\u00a0 | $ | 35\u00a0 |
| July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| Weighted-average remaining lease term for operating leases | 7.2 years | 8.1 years | 7.7 years | ||||||||||||||
| Weighted-average discount rate for operating leases | 4.4\u00a0 | % | 3.8\u00a0 | % | 3.3\u00a0 | % |
| (In millions) | Operating Leases (1) | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 112\u00a0 | |||
| 2028 | 130\u00a0 | ||||
| 2029 | 134\u00a0 | ||||
| 2030 | 124\u00a0 | ||||
| 2031 | 109\u00a0 | ||||
| Thereafter | 285\u00a0 | ||||
| Total future minimum lease payments | 894\u00a0 | ||||
| Less imputed interest | (142) | ||||
| Present value of lease liabilities | $ | 752\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Operating lease right-of-use assets | $ | 609\u00a0 | $ | 541\u00a0 | |||||||
| $ | 85\u00a0 | $ | 69\u00a0 | ||||||||
| Operating lease liabilities | 667\u00a0 | 597\u00a0 | |||||||||
| Total operating lease liabilities | $ | 752\u00a0 | $ | 666\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Operating lease cost (1) | $ | 142\u00a0 | $ | 111\u00a0 | $ | 108\u00a0 | |||||||||||
| Variable lease cost | 25\u00a0 | 22\u00a0 | 23\u00a0 | ||||||||||||||
| Sublease income | (8) | (10) | (11) | ||||||||||||||
| Total net lease cost | $ | 159\u00a0 | $ | 123\u00a0 | $ | 120\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Cash paid for amounts included in the measurement of operating lease liabilities | $ | 124\u00a0 | $ | 101\u00a0 | $ | 89\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for operating lease liabilities | $ | 183\u00a0 | $ | 212\u00a0 | $ | 35\u00a0 |
| July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| Weighted-average remaining lease term for operating leases | 7.2 years | 8.1 years | 7.7 years | ||||||||||||||
| Weighted-average discount rate for operating leases | 4.4\u00a0 | % | 3.8\u00a0 | % | 3.3\u00a0 | % |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Operating lease right-of-use assets | $ | 609\u00a0 | $ | 541\u00a0 | |||||||
| $ | 85\u00a0 | $ | 69\u00a0 | ||||||||
| Operating lease liabilities | 667\u00a0 | 597\u00a0 | |||||||||
| Total operating lease liabilities | $ | 752\u00a0 | $ | 666\u00a0 |
| (In millions) | Operating Leases (1) | ||||
| Fiscal year ending July\u00a031, | |||||
| 2027 | $ | 112\u00a0 | |||
| 2028 | 130\u00a0 | ||||
| 2029 | 134\u00a0 | ||||
| 2030 | 124\u00a0 | ||||
| 2031 | 109\u00a0 | ||||
| Thereafter | 285\u00a0 | ||||
| Total future minimum lease payments | 894\u00a0 | ||||
| Less imputed interest | (142) | ||||
| Present value of lease liabilities | $ | 752\u00a0 |
| 10. Income Taxes |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Current: | |||||||||||||||||
| Federal | $ | (59) | $ | 1,219\u00a0 | $ | 984\u00a0 | |||||||||||
| State | 189\u00a0 | 237\u00a0 | 202\u00a0 | ||||||||||||||
| Foreign | 49\u00a0 | 25\u00a0 | 36\u00a0 | ||||||||||||||
| \u00a0Total current | 179\u00a0 | 1,481\u00a0 | 1,222\u00a0 | ||||||||||||||
| Deferred: | |||||||||||||||||
| Federal | 1,205\u00a0 | (453) | (523) | ||||||||||||||
| State | 72\u00a0 | (70) | (97) | ||||||||||||||
| Foreign | (5) | 7\u00a0 | (15) | ||||||||||||||
| Total deferred | 1,272\u00a0 | (516) | (635) | ||||||||||||||
| Total provision for income taxes | $ | 1,451\u00a0 | $ | 965\u00a0 | $ | 587\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| United States | $ | 5,875\u00a0 | $ | 4,700\u00a0 | $ | 3,449\u00a0 | |||||||||||
| Foreign | 142\u00a0 | 134\u00a0 | 101\u00a0 | ||||||||||||||
| Total | $ | 6,017\u00a0 | $ | 4,834\u00a0 | $ | 3,550\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||||||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||||||||||||||||||||
| Amount | Percent | Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||||||
| Income before income taxes | $ | 6,017\u00a0 | $ | 4,834\u00a0 | $ | 3,550\u00a0 | |||||||||||||||||||||||||||||
| $ | 1,264\u00a0 | 21.0\u00a0 | % | $ | 1,015\u00a0 | 21.0\u00a0 | % | $ | 746\u00a0 | 21.0\u00a0 | % | ||||||||||||||||||||||||
State income taxes, net of federal benefit (1) | 206\u00a0 | 3.4\u00a0 | 132\u00a0 | 2.7\u00a0 | 83\u00a0 | 2.3\u00a0 | |||||||||||||||||||||||||||||
| Foreign tax effects: | |||||||||||||||||||||||||||||||||||
| Statutory tax rate differences between foreign and U.S. | 14\u00a0 | 0.2\u00a0 | 4\u00a0 | 0.1\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Tax credits | |||||||||||||||||||||||||||||||||||
| Federal research and experimentation credits | (96) | (1.6) | (113) | (2.3) | (109) | (3.1) | |||||||||||||||||||||||||||||
| Nontaxable or nondeductible items | |||||||||||||||||||||||||||||||||||
| Share-based compensation | 56\u00a0 | 1.0\u00a0 | 47\u00a0 | 1.0\u00a0 | 43\u00a0 | 1.2\u00a0 | |||||||||||||||||||||||||||||
| Shortfalls (excess tax benefits) related to share-based compensation | 36\u00a0 | 0.6\u00a0 | (120) | (2.5) | (153) | (4.3) | |||||||||||||||||||||||||||||
| Changes in unrecognized tax benefits | (36) | (0.6) | (11) | (0.2) | (33) | (0.9) | |||||||||||||||||||||||||||||
Other adjustments(2) | 7\u00a0 | 0.1\u00a0 | 11\u00a0 | 0.2\u00a0 | 10\u00a0 | 0.3\u00a0 | |||||||||||||||||||||||||||||
| Provision for income taxes | $ | 1,451\u00a0 | 24.1\u00a0 | % | $ | 965\u00a0 | 20.0\u00a0 | % | $ | 587\u00a0 | 16.5\u00a0 | % | |||||||||||||||||||||||
| Twelve Months Ended July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| U.S. federal | $ | (6) | $ | 1,105\u00a0 | $ | 1,659\u00a0 | |||||||||||
| U.S. state and local | |||||||||||||||||
| California | 51\u00a0 | 31\u00a0 | (4) | ||||||||||||||
| New York | 25\u00a0 | 23\u00a0 | 20\u00a0 | ||||||||||||||
| Pennsylvania | 18\u00a0 | 15\u00a0 | 14\u00a0 | ||||||||||||||
| Other | 162\u00a0 | 191\u00a0 | 161\u00a0 | ||||||||||||||
| Foreign | |||||||||||||||||
| India | 24\u00a0 | 21\u00a0 | 24\u00a0 | ||||||||||||||
| Other | 7\u00a0 | 22\u00a0 | 7\u00a0 | ||||||||||||||
| \u00a0\u00a0Total cash paid for income taxes, net of refunds | $ | 281\u00a0 | $ | 1,408\u00a0 | $ | 1,881\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Deferred tax assets: | |||||||||||
| Accruals and reserves not currently deductible | $ | 98\u00a0 | $ | 72\u00a0 | |||||||
Capitalized research and development | 673\u00a0 | 1,895\u00a0 | |||||||||
| Operating lease liabilities | 176\u00a0 | 173\u00a0 | |||||||||
| Accrued and deferred compensation | 154\u00a0 | 116\u00a0 | |||||||||
| Loss and tax credit carryforwards | 243\u00a0 | 277\u00a0 | |||||||||
| Share-based compensation | 106\u00a0 | 113\u00a0 | |||||||||
| Other, net | 27\u00a0 | 24\u00a0 | |||||||||
| Total gross deferred tax assets | 1,477\u00a0 | 2,670\u00a0 | |||||||||
| Valuation allowance | (257) | (290) | |||||||||
| Total deferred tax assets | 1,220\u00a0 | 2,380\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Operating lease right-of-use assets | 139\u00a0 | 140\u00a0 | |||||||||
| Intangibles | 1,012\u00a0 | 950\u00a0 | |||||||||
| Property and equipment | 29\u00a0 | 32\u00a0 | |||||||||
| Other, net | 107\u00a0 | 56\u00a0 | |||||||||
| Total deferred tax liabilities | 1,287\u00a0 | 1,178\u00a0 | |||||||||
| Net deferred tax assets (liabilities) | $ | (67) | $ | 1,202\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Long-term deferred income tax assets | $ | 172\u00a0 | $ | 1,222\u00a0 | |||||||
| Long-term deferred income tax liabilities | (239) | (20) | |||||||||
| Net deferred tax assets (liabilities) | $ | (67) | $ | 1,202\u00a0 |
Unrecognized Tax Benefits |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Gross unrecognized tax benefits, beginning balance | $ | 394\u00a0 | $ | 327\u00a0 | $ | 246\u00a0 | |||||||||||
| Increases related to tax positions from prior fiscal years, including acquisitions | 17\u00a0 | 11\u00a0 | 36\u00a0 | ||||||||||||||
| Decreases related to tax positions from prior fiscal years | \u2014\u00a0 | (21) | (12) | ||||||||||||||
| Increases related to tax positions taken during current fiscal year | 42\u00a0 | 91\u00a0 | 95\u00a0 | ||||||||||||||
| Settlements with tax authorities | (2) | (2) | (1) | ||||||||||||||
| Lapse of statute of limitations | (38) | (12) | (37) | ||||||||||||||
| Gross unrecognized tax benefits, ending balance | $ | 413\u00a0 | $ | 394\u00a0 | $ | 327\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Current: | |||||||||||||||||
| Federal | $ | (59) | $ | 1,219\u00a0 | $ | 984\u00a0 | |||||||||||
| State | 189\u00a0 | 237\u00a0 | 202\u00a0 | ||||||||||||||
| Foreign | 49\u00a0 | 25\u00a0 | 36\u00a0 | ||||||||||||||
| \u00a0Total current | 179\u00a0 | 1,481\u00a0 | 1,222\u00a0 | ||||||||||||||
| Deferred: | |||||||||||||||||
| Federal | 1,205\u00a0 | (453) | (523) | ||||||||||||||
| State | 72\u00a0 | (70) | (97) | ||||||||||||||
| Foreign | (5) | 7\u00a0 | (15) | ||||||||||||||
| Total deferred | 1,272\u00a0 | (516) | (635) | ||||||||||||||
| Total provision for income taxes | $ | 1,451\u00a0 | $ | 965\u00a0 | $ | 587\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| United States | $ | 5,875\u00a0 | $ | 4,700\u00a0 | $ | 3,449\u00a0 | |||||||||||
| Foreign | 142\u00a0 | 134\u00a0 | 101\u00a0 | ||||||||||||||
| Total | $ | 6,017\u00a0 | $ | 4,834\u00a0 | $ | 3,550\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||||||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||||||||||||||||||||
| Amount | Percent | Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||||||
| Income before income taxes | $ | 6,017\u00a0 | $ | 4,834\u00a0 | $ | 3,550\u00a0 | |||||||||||||||||||||||||||||
| $ | 1,264\u00a0 | 21.0\u00a0 | % | $ | 1,015\u00a0 | 21.0\u00a0 | % | $ | 746\u00a0 | 21.0\u00a0 | % | ||||||||||||||||||||||||
State income taxes, net of federal benefit (1) | 206\u00a0 | 3.4\u00a0 | 132\u00a0 | 2.7\u00a0 | 83\u00a0 | 2.3\u00a0 | |||||||||||||||||||||||||||||
| Foreign tax effects: | |||||||||||||||||||||||||||||||||||
| Statutory tax rate differences between foreign and U.S. | 14\u00a0 | 0.2\u00a0 | 4\u00a0 | 0.1\u00a0 | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||
| Tax credits | |||||||||||||||||||||||||||||||||||
| Federal research and experimentation credits | (96) | (1.6) | (113) | (2.3) | (109) | (3.1) | |||||||||||||||||||||||||||||
| Nontaxable or nondeductible items | |||||||||||||||||||||||||||||||||||
| Share-based compensation | 56\u00a0 | 1.0\u00a0 | 47\u00a0 | 1.0\u00a0 | 43\u00a0 | 1.2\u00a0 | |||||||||||||||||||||||||||||
| Shortfalls (excess tax benefits) related to share-based compensation | 36\u00a0 | 0.6\u00a0 | (120) | (2.5) | (153) | (4.3) | |||||||||||||||||||||||||||||
| Changes in unrecognized tax benefits | (36) | (0.6) | (11) | (0.2) | (33) | (0.9) | |||||||||||||||||||||||||||||
Other adjustments(2) | 7\u00a0 | 0.1\u00a0 | 11\u00a0 | 0.2\u00a0 | 10\u00a0 | 0.3\u00a0 | |||||||||||||||||||||||||||||
| Provision for income taxes | $ | 1,451\u00a0 | 24.1\u00a0 | % | $ | 965\u00a0 | 20.0\u00a0 | % | $ | 587\u00a0 | 16.5\u00a0 | % | |||||||||||||||||||||||
| Twelve Months Ended July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| U.S. federal | $ | (6) | $ | 1,105\u00a0 | $ | 1,659\u00a0 | |||||||||||
| U.S. state and local | |||||||||||||||||
| California | 51\u00a0 | 31\u00a0 | (4) | ||||||||||||||
| New York | 25\u00a0 | 23\u00a0 | 20\u00a0 | ||||||||||||||
| Pennsylvania | 18\u00a0 | 15\u00a0 | 14\u00a0 | ||||||||||||||
| Other | 162\u00a0 | 191\u00a0 | 161\u00a0 | ||||||||||||||
| Foreign | |||||||||||||||||
| India | 24\u00a0 | 21\u00a0 | 24\u00a0 | ||||||||||||||
| Other | 7\u00a0 | 22\u00a0 | 7\u00a0 | ||||||||||||||
| \u00a0\u00a0Total cash paid for income taxes, net of refunds | $ | 281\u00a0 | $ | 1,408\u00a0 | $ | 1,881\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Deferred tax assets: | |||||||||||
| Accruals and reserves not currently deductible | $ | 98\u00a0 | $ | 72\u00a0 | |||||||
Capitalized research and development | 673\u00a0 | 1,895\u00a0 | |||||||||
| Operating lease liabilities | 176\u00a0 | 173\u00a0 | |||||||||
| Accrued and deferred compensation | 154\u00a0 | 116\u00a0 | |||||||||
| Loss and tax credit carryforwards | 243\u00a0 | 277\u00a0 | |||||||||
| Share-based compensation | 106\u00a0 | 113\u00a0 | |||||||||
| Other, net | 27\u00a0 | 24\u00a0 | |||||||||
| Total gross deferred tax assets | 1,477\u00a0 | 2,670\u00a0 | |||||||||
| Valuation allowance | (257) | (290) | |||||||||
| Total deferred tax assets | 1,220\u00a0 | 2,380\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Operating lease right-of-use assets | 139\u00a0 | 140\u00a0 | |||||||||
| Intangibles | 1,012\u00a0 | 950\u00a0 | |||||||||
| Property and equipment | 29\u00a0 | 32\u00a0 | |||||||||
| Other, net | 107\u00a0 | 56\u00a0 | |||||||||
| Total deferred tax liabilities | 1,287\u00a0 | 1,178\u00a0 | |||||||||
| Net deferred tax assets (liabilities) | $ | (67) | $ | 1,202\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Long-term deferred income tax assets | $ | 172\u00a0 | $ | 1,222\u00a0 | |||||||
| Long-term deferred income tax liabilities | (239) | (20) | |||||||||
| Net deferred tax assets (liabilities) | $ | (67) | $ | 1,202\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Gross unrecognized tax benefits, beginning balance | $ | 394\u00a0 | $ | 327\u00a0 | $ | 246\u00a0 | |||||||||||
| Increases related to tax positions from prior fiscal years, including acquisitions | 17\u00a0 | 11\u00a0 | 36\u00a0 | ||||||||||||||
| Decreases related to tax positions from prior fiscal years | \u2014\u00a0 | (21) | (12) | ||||||||||||||
| Increases related to tax positions taken during current fiscal year | 42\u00a0 | 91\u00a0 | 95\u00a0 | ||||||||||||||
| Settlements with tax authorities | (2) | (2) | (1) | ||||||||||||||
| Lapse of statute of limitations | (38) | (12) | (37) | ||||||||||||||
| Gross unrecognized tax benefits, ending balance | $ | 413\u00a0 | $ | 394\u00a0 | $ | 327\u00a0 |
| 11. Stockholders\u2019 Equity |
Stock Repurchase Programs and Treasury Shares |
Dividends on Common Stock |
Description of 2005 Equity Incentive Plan and Credit Karma, Inc. 2015 Equity Incentive Plan |
Description of Employee Stock Purchase Plan |
Share-Based Compensation Expense |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Cost of service revenue | $ | 370\u00a0 | $ | 420\u00a0 | $ | 398\u00a0 | |||||||||||
Cost of product and other revenue | 1\u00a0 | 3\u00a0 | 4\u00a0 | ||||||||||||||
| Selling and marketing | 587\u00a0 | 541\u00a0 | 506\u00a0 | ||||||||||||||
| Research and development | 706\u00a0 | 629\u00a0 | 639\u00a0 | ||||||||||||||
| General and administrative | 392\u00a0 | 375\u00a0 | 368\u00a0 | ||||||||||||||
Restructuring | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | ||||||||||||||
| Total share-based compensation expense | 2,056\u00a0 | 1,968\u00a0 | 1,940\u00a0 | ||||||||||||||
| Income tax benefit | (366) | (548) | (594) | ||||||||||||||
| Decrease in net income | $ | 1,690\u00a0 | $ | 1,420\u00a0 | $ | 1,346\u00a0 | |||||||||||
Determining Fair Value |
| Twelve Months Ended July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| Assumptions for stock options: | |||||||||||||||||
| Expected volatility | 58.64\u00a0 | % | 29.54\u00a0 | % | \u00a0\u00a031% | ||||||||||||
| Weighted-average expected volatility | 58.64\u00a0 | % | 29.54\u00a0 | % | 31\u00a0 | % | |||||||||||
| Risk-free interest rate | 4.41\u00a0 | % | 3.95\u00a0 | % | \u00a04.13% | ||||||||||||
| Expected dividend yield | 1.70\u00a0 | % | 0.53\u00a0 | % | 0.57\u00a0 | % | |||||||||||
| Assumptions for ESPP: | |||||||||||||||||
| Expected volatility (range) | 30% - 47% | 30% - 31% | 27% - 36% | ||||||||||||||
| Weighted-average expected volatility | 38\u00a0 | % | 30\u00a0 | % | 31\u00a0 | % | |||||||||||
| Risk-free interest rate (range) | 3.69% - 4.24% | 4.29% - 5.39% | 4.94% - 5.55% | ||||||||||||||
| Expected dividend yield (range) | 0.64% - 1.06% | 0.56% - 0.69% | 0.57% - 0.75% |
Share-Based Awards Available for Grant |
| (Shares in thousands) | Shares Available for Grant | ||||
| Balance at July 31, 2023 | 19,026\u00a0 | ||||
| Additional shares authorized | 12,200\u00a0 | ||||
Restricted stock units granted (1) | (9,782) | ||||
| Options granted | (326) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 6,199\u00a0 | ||||
| Balance at July 31, 2024 | 27,317\u00a0 | ||||
Restricted stock units granted (1) | (8,812) | ||||
| Options granted | (287) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 6,929\u00a0 | ||||
| Balance at July 31, 2025 | 25,147\u00a0 | ||||
Restricted stock units granted (1) | (21,070) | ||||
| Options granted | (69) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 7,272\u00a0 | ||||
| Balance at July 31, 2026 | 11,280\u00a0 |
Restricted Stock Unit and Restricted Stock Activity |
| (Shares in thousands) | Number of Shares | Weighted-Average Grant Date Fair Value | |||||||||
| Unvested at July 31, 2023 | 11,894\u00a0 | $433.70\u00a0 | |||||||||
Granted | 4,253\u00a0 | 590.59\u00a0 | |||||||||
| Vested | (4,233) | 439.08\u00a0 | |||||||||
| Forfeited | (990) | 390.17\u00a0 | |||||||||
| Unvested at July 31, 2024 | 10,924\u00a0 | 496.64\u00a0 | |||||||||
Granted | 3,831\u00a0 | 696.82\u00a0 | |||||||||
| Vested | (3,674) | 512.36\u00a0 | |||||||||
| Forfeited | (1,508) | 456.60\u00a0 | |||||||||
| Unvested at July 31, 2025 | 9,573\u00a0 | 577.03\u00a0 | |||||||||
| Granted | 9,161\u00a0 | 291.74\u00a0 | |||||||||
| Vested | (3,598) | 561.86\u00a0 | |||||||||
| Forfeited | (1,677) | 542.33\u00a0 | |||||||||
| Unvested at July 31, 2026 | 13,459\u00a0 | $391.22\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Total fair market value of shares vested | $ | 1,767\u00a0 | $ | 2,434\u00a0 | $ | 2,575\u00a0 | |||||||||||
| Share-based compensation for RSUs | $ | 1,958\u00a0 | $ | 1,882\u00a0 | $ | 1,857\u00a0 | |||||||||||
| Total tax benefit related to RSU share-based compensation expense | $ | 360\u00a0 | $ | 524\u00a0 | $ | 545\u00a0 | |||||||||||
| Cash tax benefits realized for tax deductions for RSUs | $ | 378\u00a0 | $ | 533\u00a0 | $ | 526\u00a0 |
Stock Option Activity |
| Options Outstanding | |||||||||||
| (Shares in thousands) | Number of Shares | Weighted-Average Exercise Price Per Share | |||||||||
| Balance at July 31, 2023 | 2,130\u00a0 | $360.17\u00a0 | |||||||||
| Granted | 326\u00a0 | 626.32\u00a0 | |||||||||
| Exercised | (570) | 212.89\u00a0 | |||||||||
| Canceled or expired | (114) | 467.16\u00a0 | |||||||||
| Balance at July 31, 2024 | 1,772\u00a0 | 449.66\u00a0 | |||||||||
| Granted | 287\u00a0 | 781.21\u00a0 | |||||||||
| Exercised | (660) | 354.70\u00a0 | |||||||||
| Canceled or expired | (80) | 493.70\u00a0 | |||||||||
| Balance at July 31, 2025 | 1,319\u00a0 | 566.59\u00a0 | |||||||||
| Granted | 69\u00a0 | 281.53\u00a0 | |||||||||
| Exercised | (30) | 478.86\u00a0 | |||||||||
| Canceled or expired | (118) | 601.89\u00a0 | |||||||||
| Balance at July 31, 2026 | 1,240\u00a0 | $549.37\u00a0 |
| Number of Shares (in thousands) | Weighted- Average Remaining Contractual Life (in years) | Weighted- Average Exercise Price per Share | Aggregate Intrinsic Value (in millions) | ||||||||||||||||||||
| Options outstanding | 1,240\u00a0 | 3.86 | $549.37\u00a0 | $4\u00a0 | |||||||||||||||||||
| Options exercisable | 793\u00a0 | 2.89 | $508.10\u00a0 | $1\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
(In millions, except per share amounts) | 2026 | 2025 | 2024 | ||||||||||||||
| Weighted-average fair value of options granted (per share) | $ | 124.58\u00a0 | $ | 246.17\u00a0 | $ | 188.54\u00a0 | |||||||||||
| Total grant date fair value of options vested | $ | 48\u00a0 | $ | 43\u00a0 | $ | 38\u00a0 | |||||||||||
| Aggregate intrinsic value of options exercised | $ | 5\u00a0 | $ | 208\u00a0 | $ | 209\u00a0 | |||||||||||
| Share-based compensation expense for stock options and ESPP | $ | 98\u00a0 | $ | 86\u00a0 | $ | 83\u00a0 | |||||||||||
| Total tax benefit for stock option and ESPP share-based compensation | $ | 6\u00a0 | $ | 24\u00a0 | $ | 49\u00a0 | |||||||||||
| Cash received from option exercises | $ | 14\u00a0 | $ | 234\u00a0 | $ | 121\u00a0 | |||||||||||
| Cash tax benefits realized related to tax deductions for non-qualified option exercises and disqualifying dispositions under all share-based payment arrangements | $ | 2\u00a0 | $ | 27\u00a0 | $ | 49\u00a0 |
Accumulated Other Comprehensive Loss |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Foreign currency translation adjustments | $ | (50) | $ | (51) | |||||||
| Unrealized gain (loss) on available-for-sale debt securities | (1) | 1\u00a0 | |||||||||
| Other | (6) | \u2014\u00a0 | |||||||||
| Total accumulated other comprehensive loss | $ | (57) | $ | (50) |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
Cost of service revenue | $ | 370\u00a0 | $ | 420\u00a0 | $ | 398\u00a0 | |||||||||||
Cost of product and other revenue | 1\u00a0 | 3\u00a0 | 4\u00a0 | ||||||||||||||
| Selling and marketing | 587\u00a0 | 541\u00a0 | 506\u00a0 | ||||||||||||||
| Research and development | 706\u00a0 | 629\u00a0 | 639\u00a0 | ||||||||||||||
| General and administrative | 392\u00a0 | 375\u00a0 | 368\u00a0 | ||||||||||||||
Restructuring | \u2014\u00a0 | \u2014\u00a0 | 25\u00a0 | ||||||||||||||
| Total share-based compensation expense | 2,056\u00a0 | 1,968\u00a0 | 1,940\u00a0 | ||||||||||||||
| Income tax benefit | (366) | (548) | (594) | ||||||||||||||
| Decrease in net income | $ | 1,690\u00a0 | $ | 1,420\u00a0 | $ | 1,346\u00a0 | |||||||||||
| Twelve Months Ended July 31, | |||||||||||||||||
| 2026 | 2025 | 2024 | |||||||||||||||
| Assumptions for stock options: | |||||||||||||||||
| Expected volatility | 58.64\u00a0 | % | 29.54\u00a0 | % | \u00a0\u00a031% | ||||||||||||
| Weighted-average expected volatility | 58.64\u00a0 | % | 29.54\u00a0 | % | 31\u00a0 | % | |||||||||||
| Risk-free interest rate | 4.41\u00a0 | % | 3.95\u00a0 | % | \u00a04.13% | ||||||||||||
| Expected dividend yield | 1.70\u00a0 | % | 0.53\u00a0 | % | 0.57\u00a0 | % | |||||||||||
| Assumptions for ESPP: | |||||||||||||||||
| Expected volatility (range) | 30% - 47% | 30% - 31% | 27% - 36% | ||||||||||||||
| Weighted-average expected volatility | 38\u00a0 | % | 30\u00a0 | % | 31\u00a0 | % | |||||||||||
| Risk-free interest rate (range) | 3.69% - 4.24% | 4.29% - 5.39% | 4.94% - 5.55% | ||||||||||||||
| Expected dividend yield (range) | 0.64% - 1.06% | 0.56% - 0.69% | 0.57% - 0.75% |
| (Shares in thousands) | Shares Available for Grant | ||||
| Balance at July 31, 2023 | 19,026\u00a0 | ||||
| Additional shares authorized | 12,200\u00a0 | ||||
Restricted stock units granted (1) | (9,782) | ||||
| Options granted | (326) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 6,199\u00a0 | ||||
| Balance at July 31, 2024 | 27,317\u00a0 | ||||
Restricted stock units granted (1) | (8,812) | ||||
| Options granted | (287) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 6,929\u00a0 | ||||
| Balance at July 31, 2025 | 25,147\u00a0 | ||||
Restricted stock units granted (1) | (21,070) | ||||
| Options granted | (69) | ||||
Share-based awards canceled/forfeited/expired (1)(2) | 7,272\u00a0 | ||||
| Balance at July 31, 2026 | 11,280\u00a0 |
| (Shares in thousands) | Number of Shares | Weighted-Average Grant Date Fair Value | |||||||||
| Unvested at July 31, 2023 | 11,894\u00a0 | $433.70\u00a0 | |||||||||
Granted | 4,253\u00a0 | 590.59\u00a0 | |||||||||
| Vested | (4,233) | 439.08\u00a0 | |||||||||
| Forfeited | (990) | 390.17\u00a0 | |||||||||
| Unvested at July 31, 2024 | 10,924\u00a0 | 496.64\u00a0 | |||||||||
Granted | 3,831\u00a0 | 696.82\u00a0 | |||||||||
| Vested | (3,674) | 512.36\u00a0 | |||||||||
| Forfeited | (1,508) | 456.60\u00a0 | |||||||||
| Unvested at July 31, 2025 | 9,573\u00a0 | 577.03\u00a0 | |||||||||
| Granted | 9,161\u00a0 | 291.74\u00a0 | |||||||||
| Vested | (3,598) | 561.86\u00a0 | |||||||||
| Forfeited | (1,677) | 542.33\u00a0 | |||||||||
| Unvested at July 31, 2026 | 13,459\u00a0 | $391.22\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Total fair market value of shares vested | $ | 1,767\u00a0 | $ | 2,434\u00a0 | $ | 2,575\u00a0 | |||||||||||
| Share-based compensation for RSUs | $ | 1,958\u00a0 | $ | 1,882\u00a0 | $ | 1,857\u00a0 | |||||||||||
| Total tax benefit related to RSU share-based compensation expense | $ | 360\u00a0 | $ | 524\u00a0 | $ | 545\u00a0 | |||||||||||
| Cash tax benefits realized for tax deductions for RSUs | $ | 378\u00a0 | $ | 533\u00a0 | $ | 526\u00a0 |
| Options Outstanding | |||||||||||
| (Shares in thousands) | Number of Shares | Weighted-Average Exercise Price Per Share | |||||||||
| Balance at July 31, 2023 | 2,130\u00a0 | $360.17\u00a0 | |||||||||
| Granted | 326\u00a0 | 626.32\u00a0 | |||||||||
| Exercised | (570) | 212.89\u00a0 | |||||||||
| Canceled or expired | (114) | 467.16\u00a0 | |||||||||
| Balance at July 31, 2024 | 1,772\u00a0 | 449.66\u00a0 | |||||||||
| Granted | 287\u00a0 | 781.21\u00a0 | |||||||||
| Exercised | (660) | 354.70\u00a0 | |||||||||
| Canceled or expired | (80) | 493.70\u00a0 | |||||||||
| Balance at July 31, 2025 | 1,319\u00a0 | 566.59\u00a0 | |||||||||
| Granted | 69\u00a0 | 281.53\u00a0 | |||||||||
| Exercised | (30) | 478.86\u00a0 | |||||||||
| Canceled or expired | (118) | 601.89\u00a0 | |||||||||
| Balance at July 31, 2026 | 1,240\u00a0 | $549.37\u00a0 |
| Number of Shares (in thousands) | Weighted- Average Remaining Contractual Life (in years) | Weighted- Average Exercise Price per Share | Aggregate Intrinsic Value (in millions) | ||||||||||||||||||||
| Options outstanding | 1,240\u00a0 | 3.86 | $549.37\u00a0 | $4\u00a0 | |||||||||||||||||||
| Options exercisable | 793\u00a0 | 2.89 | $508.10\u00a0 | $1\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
(In millions, except per share amounts) | 2026 | 2025 | 2024 | ||||||||||||||
| Weighted-average fair value of options granted (per share) | $ | 124.58\u00a0 | $ | 246.17\u00a0 | $ | 188.54\u00a0 | |||||||||||
| Total grant date fair value of options vested | $ | 48\u00a0 | $ | 43\u00a0 | $ | 38\u00a0 | |||||||||||
| Aggregate intrinsic value of options exercised | $ | 5\u00a0 | $ | 208\u00a0 | $ | 209\u00a0 | |||||||||||
| Share-based compensation expense for stock options and ESPP | $ | 98\u00a0 | $ | 86\u00a0 | $ | 83\u00a0 | |||||||||||
| Total tax benefit for stock option and ESPP share-based compensation | $ | 6\u00a0 | $ | 24\u00a0 | $ | 49\u00a0 | |||||||||||
| Cash received from option exercises | $ | 14\u00a0 | $ | 234\u00a0 | $ | 121\u00a0 | |||||||||||
| Cash tax benefits realized related to tax deductions for non-qualified option exercises and disqualifying dispositions under all share-based payment arrangements | $ | 2\u00a0 | $ | 27\u00a0 | $ | 49\u00a0 |
| July 31, | |||||||||||
| (In millions) | 2026 | 2025 | |||||||||
| Foreign currency translation adjustments | $ | (50) | $ | (51) | |||||||
| Unrealized gain (loss) on available-for-sale debt securities | (1) | 1\u00a0 | |||||||||
| Other | (6) | \u2014\u00a0 | |||||||||
| Total accumulated other comprehensive loss | $ | (57) | $ | (50) |
| 12. Benefit Plans |
Non-Qualified Deferred Compensation Plan |
401(k) Plans |
| 13. Legal Proceedings |
| 14. Segment Information |
Global Business Solutions: This segment serves small and mid-market businesses and accountants around the world. QuickBooks and Intuit Enterprise Suite are offerings powered by our all-in-one business platform which includes financial management services, human capital management solutions such as payroll and time tracking, money solutions such as merchant payment processing, bill pay, checking accounts through an FDIC-member bank partner, and financing for small and mid-market businesses. Intuit Enterprise Suite provides mid-market businesses with a configurable, AI-powered solution that includes multi-entity and multi-dimensional financial management capabilities designed to seamlessly scale and enhance productivity and profitability for more complex businesses to streamline operations. Intuit Accountant Suite is an AI-powered platform that provides accounting firms with everything they need to run and grow their practices while managing and advising their clients. Mailchimp offerings include marketing automation and customer relationship tools. Consumer: This segment primarily serves consumers and professional accountants. Our TurboTax offerings primarily help consumers complete their taxes with confidence and maximize their financial outcomes\u2014whether they do it themselves or with the help of an AI-enabled human expert. TurboTax delivers do-it-yourself and assisted income tax preparation products and services sold in the United States (U.S.) and Canada. We offer a variety of money products directly to consumers, including early refund access to any bank account, as well as Credit Karma Money branded savings and checking accounts through an FDIC-member bank partner. Credit Karma is a personal finance solution that helps its users find the right financial products and make smarter money decisions throughout the year to reach their financial goals. This includes personalized recommendations for credit card, home, auto, and personal loan, and insurance products; and access to their credit scores and reports, credit and identity monitoring, credit report dispute, credit building tools, debt pay-down assistance, credit card rewards optimization, and connected account capabilities to help users understand net worth and make financial progress. Finally, our ProTax offerings help professional accountants in the U.S. and Canada, who are essential to both 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. |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Net revenue: | |||||||||||||||||
| Global Business Solutions | $ | 12,864\u00a0 | $ | 11,077\u00a0 | $ | 9,533\u00a0 | |||||||||||
| Consumer | 8,584\u00a0 | 7,754\u00a0 | 6,752\u00a0 | ||||||||||||||
| Total net revenue | $ | 21,448\u00a0 | $ | 18,831\u00a0 | $ | 16,285\u00a0 | |||||||||||
Segment cost of revenue and operating expenses(1): | |||||||||||||||||
| Global Business Solutions | $ | 2,977\u00a0 | $ | 2,601\u00a0 | $ | 2,360\u00a0 | |||||||||||
| Consumer | 2,276\u00a0 | 1,994\u00a0 | 1,740\u00a0 | ||||||||||||||
| Total segment cost of revenue and operating expenses | $ | 5,253\u00a0 | $ | 4,595\u00a0 | $ | 4,100\u00a0 | |||||||||||
| Operating income: | |||||||||||||||||
| Global Business Solutions | $ | 9,887\u00a0 | $ | 8,476\u00a0 | $ | 7,173\u00a0 | |||||||||||
| Consumer | 6,308\u00a0 | 5,760\u00a0 | 5,012\u00a0 | ||||||||||||||
| Total segment operating income | 16,195\u00a0 | 14,236\u00a0 | 12,185\u00a0 | ||||||||||||||
| Unallocated corporate items: | |||||||||||||||||
| Share-based compensation expense | (2,056) | (1,968) | (1,915) | ||||||||||||||
| Other corporate expenses | (7,303) | (6,693) | (5,788) | ||||||||||||||
| Amortization of acquired technology | (174) | (156) | (146) | ||||||||||||||
| Amortization of other acquired intangible assets | (485) | (481) | (483) | ||||||||||||||
Restructuring charges (2) | (293) | (15) | (223) | ||||||||||||||
| Total unallocated corporate items | (10,311) | (9,313) | (8,555) | ||||||||||||||
| Total operating income | $ | 5,884\u00a0 | $ | 4,923\u00a0 | $ | 3,630\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Net revenue: | |||||||||||||||||
| QuickBooks Online Accounting | $ | 5,051\u00a0 | $ | 4,120\u00a0 | $ | 3,379\u00a0 | |||||||||||
| Online Services | 4,867\u00a0 | 4,182\u00a0 | 3,513\u00a0 | ||||||||||||||
| Total Online Ecosystem | 9,918\u00a0 | 8,302\u00a0 | 6,892\u00a0 | ||||||||||||||
| QuickBooks Desktop Accounting | 1,801\u00a0 | 1,672\u00a0 | 1,575\u00a0 | ||||||||||||||
| Desktop Services and Supplies | 1,145\u00a0 | 1,103\u00a0 | 1,066\u00a0 | ||||||||||||||
| Total Desktop Ecosystem | 2,946\u00a0 | 2,775\u00a0 | 2,641\u00a0 | ||||||||||||||
| Global Business Solutions | 12,864\u00a0 | 11,077\u00a0 | 9,533\u00a0 | ||||||||||||||
| TurboTax | 5,296\u00a0 | 4,933\u00a0 | 4,508\u00a0 | ||||||||||||||
| Credit Karma | 2,641\u00a0 | 2,200\u00a0 | 1,645\u00a0 | ||||||||||||||
| ProTax | 647\u00a0 | 621\u00a0 | 599\u00a0 | ||||||||||||||
| Consumer | 8,584\u00a0 | 7,754\u00a0 | 6,752\u00a0 | ||||||||||||||
| Total net revenue | $ | 21,448\u00a0 | $ | 18,831\u00a0 | $ | 16,285\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Net revenue: | |||||||||||||||||
| Global Business Solutions | $ | 12,864\u00a0 | $ | 11,077\u00a0 | $ | 9,533\u00a0 | |||||||||||
| Consumer | 8,584\u00a0 | 7,754\u00a0 | 6,752\u00a0 | ||||||||||||||
| Total net revenue | $ | 21,448\u00a0 | $ | 18,831\u00a0 | $ | 16,285\u00a0 | |||||||||||
Segment cost of revenue and operating expenses(1): | |||||||||||||||||
| Global Business Solutions | $ | 2,977\u00a0 | $ | 2,601\u00a0 | $ | 2,360\u00a0 | |||||||||||
| Consumer | 2,276\u00a0 | 1,994\u00a0 | 1,740\u00a0 | ||||||||||||||
| Total segment cost of revenue and operating expenses | $ | 5,253\u00a0 | $ | 4,595\u00a0 | $ | 4,100\u00a0 | |||||||||||
| Operating income: | |||||||||||||||||
| Global Business Solutions | $ | 9,887\u00a0 | $ | 8,476\u00a0 | $ | 7,173\u00a0 | |||||||||||
| Consumer | 6,308\u00a0 | 5,760\u00a0 | 5,012\u00a0 | ||||||||||||||
| Total segment operating income | 16,195\u00a0 | 14,236\u00a0 | 12,185\u00a0 | ||||||||||||||
| Unallocated corporate items: | |||||||||||||||||
| Share-based compensation expense | (2,056) | (1,968) | (1,915) | ||||||||||||||
| Other corporate expenses | (7,303) | (6,693) | (5,788) | ||||||||||||||
| Amortization of acquired technology | (174) | (156) | (146) | ||||||||||||||
| Amortization of other acquired intangible assets | (485) | (481) | (483) | ||||||||||||||
Restructuring charges (2) | (293) | (15) | (223) | ||||||||||||||
| Total unallocated corporate items | (10,311) | (9,313) | (8,555) | ||||||||||||||
| Total operating income | $ | 5,884\u00a0 | $ | 4,923\u00a0 | $ | 3,630\u00a0 |
| Twelve Months Ended July 31, | |||||||||||||||||
| (In millions) | 2026 | 2025 | 2024 | ||||||||||||||
| Net revenue: | |||||||||||||||||
| QuickBooks Online Accounting | $ | 5,051\u00a0 | $ | 4,120\u00a0 | $ | 3,379\u00a0 | |||||||||||
| Online Services | 4,867\u00a0 | 4,182\u00a0 | 3,513\u00a0 | ||||||||||||||
| Total Online Ecosystem | 9,918\u00a0 | 8,302\u00a0 | 6,892\u00a0 | ||||||||||||||
| QuickBooks Desktop Accounting | 1,801\u00a0 | 1,672\u00a0 | 1,575\u00a0 | ||||||||||||||
| Desktop Services and Supplies | 1,145\u00a0 | 1,103\u00a0 | 1,066\u00a0 | ||||||||||||||
| Total Desktop Ecosystem | 2,946\u00a0 | 2,775\u00a0 | 2,641\u00a0 | ||||||||||||||
| Global Business Solutions | 12,864\u00a0 | 11,077\u00a0 | 9,533\u00a0 | ||||||||||||||
| TurboTax | 5,296\u00a0 | 4,933\u00a0 | 4,508\u00a0 | ||||||||||||||
| Credit Karma | 2,641\u00a0 | 2,200\u00a0 | 1,645\u00a0 | ||||||||||||||
| ProTax | 647\u00a0 | 621\u00a0 | 599\u00a0 | ||||||||||||||
| Consumer | 8,584\u00a0 | 7,754\u00a0 | 6,752\u00a0 | ||||||||||||||
| Total net revenue | $ | 21,448\u00a0 | $ | 18,831\u00a0 | $ | 16,285\u00a0 |
| 15. Restructuring |
2026 Restructuring Plan |
| (In millions) | Accrued July 31, 2025 | Initial Costs | Cash Payments | Non-Cash Items | Accrued July 31, 2026 | Total Costs Incurred to Date | Total Expected Plan Cost | ||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | \u2014\u00a0 | $ | 51\u00a0 | $ | (1) | $ | \u2014\u00a0 | $ | 50\u00a0 | $ | 51\u00a0 | $ | 52\u00a0 | |||||||||||||||||||||||||||
| Consumer | \u2014\u00a0 | 28\u00a0 | (1) | \u2014\u00a0 | 27\u00a0 | 28\u00a0 | 34\u00a0 | ||||||||||||||||||||||||||||||||||
Corporate | \u2014\u00a0 | 214\u00a0 | (2) | (12) | 200\u00a0 | 214\u00a0 | 229\u00a0 | ||||||||||||||||||||||||||||||||||
| Totals | $ | \u2014\u00a0 | $ | 293\u00a0 | $ | (4) | $ | (12) | $ | 277\u00a0 | $ | 293\u00a0 | $ | 315\u00a0 |
2024 Restructuring Plan |
| (In millions) | Accrued July 31, 2025 | Additional Costs/Adjustments | Cash Payments | Non-Cash Items | Accrued July 31, 2026 | ||||||||||||||||||||||||
| Global Business Solutions | $ | 3\u00a0 | $ | \u2014\u00a0 | $ | (3) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||
| Consumer | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||
Corporate | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||
| Totals | $ | 3\u00a0 | $ | \u2014\u00a0 | $ | (3) | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
Accrued July 31, 2023 | Initial Costs | Non-Cash Items | Accrued July 31, 2024 | Additional Costs/Adjustments | Cash Payments | Non-Cash Items | Accrued July 31, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | \u2014\u00a0 | $ | 96\u00a0 | $ | (12) | $ | 84\u00a0 | $ | 5\u00a0 | $ | (86) | $ | \u2014\u00a0 | $ | 3\u00a0 | |||||||||||||||||||||||||||||||
| Consumer | \u2014\u00a0 | 11\u00a0 | \u2014\u00a0 | 11\u00a0 | \u2014\u00a0 | (11) | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
Corporate | \u2014\u00a0 | 116\u00a0 | (24) | 92\u00a0 | 10\u00a0 | (97) | (5) | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Totals | $ | \u2014\u00a0 | $ | 223\u00a0 | $ | (36) | $ | 187\u00a0 | $ | 15\u00a0 | $ | (194) | $ | (5) | $ | 3\u00a0 |
| (In millions) | Accrued July 31, 2025 | Initial Costs | Cash Payments | Non-Cash Items | Accrued July 31, 2026 | Total Costs Incurred to Date | Total Expected Plan Cost | ||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | \u2014\u00a0 | $ | 51\u00a0 | $ | (1) | $ | \u2014\u00a0 | $ | 50\u00a0 | $ | 51\u00a0 | $ | 52\u00a0 | |||||||||||||||||||||||||||
| Consumer | \u2014\u00a0 | 28\u00a0 | (1) | \u2014\u00a0 | 27\u00a0 | 28\u00a0 | 34\u00a0 | ||||||||||||||||||||||||||||||||||
Corporate | \u2014\u00a0 | 214\u00a0 | (2) | (12) | 200\u00a0 | 214\u00a0 | 229\u00a0 | ||||||||||||||||||||||||||||||||||
| Totals | $ | \u2014\u00a0 | $ | 293\u00a0 | $ | (4) | $ | (12) | $ | 277\u00a0 | $ | 293\u00a0 | $ | 315\u00a0 |
| (In millions) | Accrued July 31, 2025 | Additional Costs/Adjustments | Cash Payments | Non-Cash Items | Accrued July 31, 2026 | ||||||||||||||||||||||||
| Global Business Solutions | $ | 3\u00a0 | $ | \u2014\u00a0 | $ | (3) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||||||||||
| Consumer | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||
Corporate | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||||||||||||||||||
| Totals | $ | 3\u00a0 | $ | \u2014\u00a0 | $ | (3) | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
Accrued July 31, 2023 | Initial Costs | Non-Cash Items | Accrued July 31, 2024 | Additional Costs/Adjustments | Cash Payments | Non-Cash Items | Accrued July 31, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Global Business Solutions | $ | \u2014\u00a0 | $ | 96\u00a0 | $ | (12) | $ | 84\u00a0 | $ | 5\u00a0 | $ | (86) | $ | \u2014\u00a0 | $ | 3\u00a0 | |||||||||||||||||||||||||||||||
| Consumer | \u2014\u00a0 | 11\u00a0 | \u2014\u00a0 | 11\u00a0 | \u2014\u00a0 | (11) | \u2014\u00a0 | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
Corporate | \u2014\u00a0 | 116\u00a0 | (24) | 92\u00a0 | 10\u00a0 | (97) | (5) | \u2014\u00a0 | |||||||||||||||||||||||||||||||||||||||
| Totals | $ | \u2014\u00a0 | $ | 223\u00a0 | $ | (36) | $ | 187\u00a0 | $ | 15\u00a0 | $ | (194) | $ | (5) | $ | 3\u00a0 |
INTUIT INC. SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | |||||||||||||||||||||||
| (In millions) | Beginning Balance | Additions Charged to Expense/ Revenue | Deductions | Ending Balance | |||||||||||||||||||
| Year ended July 31, 2026 | |||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 5\u00a0 | $ | 59\u00a0 | $ | (59) | $ | 5\u00a0 | |||||||||||||||
| Reserve for returns, credits, and promotional discounts | $ | 39\u00a0 | $ | 384\u00a0 | $ | (369) | $ | 54\u00a0 | |||||||||||||||
| Year ended July 31, 2025 | |||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 5\u00a0 | $ | 50\u00a0 | $ | (50) | $ | 5\u00a0 | |||||||||||||||
| Reserve for returns, credits, and promotional discounts | $ | 40\u00a0 | $ | 334\u00a0 | $ | (335) | $ | 39\u00a0 | |||||||||||||||
| Year ended July 31, 2024 | |||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 7\u00a0 | $ | 61\u00a0 | $ | (63) | $ | 5\u00a0 | |||||||||||||||
| Reserve for returns, credits, and promotional discounts | $ | 32\u00a0 | $ | 302\u00a0 | $ | (294) | $ | 40\u00a0 |