Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
250.50
-7.26 (-2.82%)
At close: Sep 16, 2026, 4:00 PM EDT
250.20
-0.30 (-0.12%)
Pre-market: Sep 17, 2026, 7:43 AM EDT

Adobe Financials Overview

Millions USD. Fiscal year is Dec - Nov.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Revenue
25,97023,76921,50519,40917,60615,785
Revenue Growth
12.03%10.53%10.80%10.24%11.54%22.67%
Gross Profit
23,17921,21819,14717,05515,44113,920
Operating Income
9,2718,7067,8196,6506,0985,802
Net Income
7,2847,1305,5605,4284,7564,822
Earnings Per Share
17.9116.7012.3611.8210.1010.02
EPS Growth
11.61%35.11%4.57%17.03%0.80%-7.48%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Digital Media - Subscription
18,97317,38915,54713,83812,38511,048
Digital Experience - Subscription
6,1105,4094,8644,3313,8803,379
Publishing and Advertising - Subscription
101106110115123146
Product
320325386460532555
Services and Other
465540598665686657
Revenue (Total)
25,97023,76921,50519,40917,60615,785

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5,6396,5977,8867,8426,0965,798
Total Debt
6,7626,6566,0564,0804,6334,673
Net Cash (Debt)
-1,123-591,8303,7621,4631,125
Net Cash Growth
---51.36%157.14%30.04%-12.38%
Net Cash Per Share
-2.76-0.144.078.193.112.34

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
10,80610,0318,0567,3027,8387,230
Capital Expenditures
-214-179-183-360-442-348
Free Cash Flow
10,5929,8527,8736,9427,3966,882
Free Cash Flow Growth
10.35%25.14%13.41%-6.14%7.47%29.65%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Gross Margin
89.25%89.27%89.03%87.87%87.70%88.19%
Operating Margin
35.70%36.63%36.36%34.26%34.64%36.76%
Pretax Margin
35.74%36.75%32.23%35.03%34.12%36.14%
Profit Margin
28.05%30.00%25.85%27.97%27.01%30.55%
FCF Margin
40.79%41.45%36.61%35.77%42.01%43.60%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
PE Ratio
13.9918.8040.8551.3733.3960.84
Forward PE
9.3214.0325.9535.2723.0945.17
P/FCF Ratio
9.4013.6028.8540.1721.4742.63
PS Ratio
3.835.6410.5614.379.0218.58