Adobe Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	19,409	17,606	15,785	12,868	11,171	9,030	7,302	5,854	4,796	4,147	Upgrade
Revenue Growth (YoY)	10.24%	11.54%	22.67%	15.19%	23.71%	23.67%	24.72%	22.08%	15.64%	2.26%	Upgrade
Cost of Revenue	2,354	2,165	1,865	1,722	1,673	1,195	1,010	819.91	744.32	622.08	Upgrade
Gross Profit	17,055	15,441	13,920	11,146	9,498	7,835	6,291	5,035	4,051	3,525	Upgrade
Selling, General & Admin	6,764	6,187	5,406	4,559	4,125	3,366	2,822	2,486	2,217	2,196	Upgrade
Research & Development	3,473	2,987	2,540	2,188	1,930	1,538	1,224	975.99	862.73	844.35	Upgrade
Other Operating Expenses	168	169	172	162	175	91	76.56	78.53	68.65	72.31	Upgrade
Operating Expenses	10,405	9,343	8,118	6,909	6,230	4,995	4,123	3,541	3,148	3,112	Upgrade
Operating Income	6,650	6,098	5,802	4,237	3,268	2,840	2,168	1,494	903.1	412.69	Upgrade
Interest Expense / Income	113	112	113	116	157	89	74.4	70.44	64.18	59.73	Upgrade
Other Expense / Income	-262	-22	-16	-55	-94	-43	-43.95	-11.98	-34.87	-8.42	Upgrade
Pretax Income	6,799	6,008	5,705	4,176	3,205	2,794	2,138	1,435	873.78	361.38	Upgrade
Income Tax	1,371	1,252	883	-1,084	254	203	443.69	266.36	244.23	92.98	Upgrade
Net Income	5,428	4,756	4,822	5,260	2,951	2,591	1,694	1,169	629.55	268.4	Upgrade
Net Income Growth	14.13%	-1.37%	-8.33%	78.24%	13.89%	52.96%	44.93%	85.65%	134.56%	-7.45%	Upgrade
Shares Outstanding (Basic)	457	470	477	481	486	491	494	498	499	498	Upgrade
Shares Outstanding (Diluted)	459	471	481	485	492	498	501	504	507	508	Upgrade
Shares Change	-2.55%	-2.08%	-0.82%	-1.42%	-1.20%	-0.62%	-0.63%	-0.56%	-0.26%	-0.97%	Upgrade
EPS (Basic)	11.87	10.13	10.10	10.94	6.07	5.28	3.43	2.35	1.26	0.54	Upgrade
EPS (Diluted)	11.82	10.10	10.02	10.83	6.00	5.20	3.38	2.32	1.24	0.53	Upgrade
EPS Growth	17.03%	0.80%	-7.48%	80.50%	15.38%	53.85%	45.69%	87.10%	133.96%	-5.36%	Upgrade
Free Cash Flow	6,942	7,396	6,882	5,308	4,027	3,762	2,735	1,996	1,342	1,139	Upgrade
Free Cash Flow Per Share	15.19	15.74	14.43	11.04	8.29	7.66	5.54	4.00	2.69	2.29	Upgrade
Gross Margin	87.87%	87.70%	88.18%	86.62%	85.02%	86.77%	86.16%	86.00%	84.48%	85.00%	Upgrade
Operating Margin	34.26%	34.64%	36.76%	32.93%	29.25%	31.45%	29.69%	25.51%	18.83%	9.95%	Upgrade
Profit Margin	27.97%	27.01%	30.55%	40.88%	26.42%	28.69%	23.20%	19.96%	13.13%	6.47%	Upgrade
Free Cash Flow Margin	35.77%	42.01%	43.60%	41.25%	36.05%	41.66%	37.45%	34.09%	27.99%	27.47%	Upgrade
Effective Tax Rate	20.16%	20.84%	15.48%	-25.96%	7.93%	7.27%	20.76%	18.56%	27.95%	25.73%	Upgrade
EBITDA	7,856	7,059	6,679	5,136	4,119	3,229	2,538	1,837	1,277	734.7	Upgrade
EBITDA Margin	40.48%	40.09%	42.31%	39.91%	36.87%	35.76%	34.76%	31.38%	26.64%	17.72%	Upgrade
Depreciation & Amortization	944	939	861	844	757	346	326	331.54	339.47	313.59	Upgrade
EBIT	6,912	6,120	5,818	4,292	3,362	2,883	2,212	1,506	937.97	421.11	Upgrade
EBIT Margin	35.61%	34.76%	36.86%	33.35%	30.10%	31.93%	30.30%	25.72%	19.56%	10.15%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).