Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
237.75
+12.64 (5.62%)
At close: Jul 27, 2026, 4:00 PM EDT
237.81
+0.06 (0.03%)
After-hours: Jul 27, 2026, 7:59 PM EDT

Adobe Financials Overview

Millions USD. Fiscal year is Dec - Nov.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMay '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Revenue
25,19823,76921,50519,40917,60615,785
Revenue Growth
11.49%10.53%10.80%10.24%11.54%22.67%
Gross Profit
22,52821,21819,14717,05515,44113,920
Operating Income
9,0908,7066,7416,6506,0985,802
Net Income
7,2297,1305,5605,4284,7564,822
Earnings Per Share
17.4816.7012.3611.8210.1010.02
EPS Growth
11.84%35.11%4.57%17.03%0.80%-7.48%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMay '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Digital Media - Subscription
18,48017,38915,54713,83812,38511,048
Publishing and Advertising - Subscription
105106110115123146
Product
321325386460532555
Services and Other
483540598665686657
Revenue (Total)
25,19823,76921,50519,40917,60615,785

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMay '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5,6266,5957,8867,8426,0965,798
Total Debt
7,0656,6486,0564,0804,6334,673
Net Cash (Debt)
-1,439-531,8303,7621,4631,125
Net Cash Growth
---51.36%157.14%30.04%-12.38%
Net Cash Per Share
-3.48-0.124.078.203.112.34

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMay '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
10,48110,0318,0567,3027,8387,230
Capital Expenditures
-201-179-183-360-442-348
Free Cash Flow
10,2809,8527,8736,9427,3966,882
Free Cash Flow Growth
8.93%25.14%13.41%-6.14%7.47%29.65%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMay '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
Gross Margin
89.40%89.27%89.04%87.87%87.70%88.19%
Operating Margin
36.07%36.63%31.35%34.26%34.64%36.76%
Pretax Margin
36.16%36.75%32.23%35.03%34.12%36.14%
Profit Margin
28.69%30.00%25.85%27.97%27.01%30.55%
FCF Margin
40.80%41.45%36.61%35.77%42.01%43.60%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Nov '25 Nov '24 Dec '23 Dec '22 Dec '21
PE Ratio
13.6019.1741.7451.8233.8161.53
Forward PE
9.1714.0325.9535.2723.0945.17
P/FCF Ratio
9.1913.4228.9040.1421.3342.55
PS Ratio
3.755.5610.5814.368.9618.55