Adobe Income Statement

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

Millions USD. Fiscal year is Dec - Nov.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Nov '25 Nov 28, 2025	Aug '25 Aug 29, 2025	May '25 May 30, 2025	Feb '25 Feb 28, 2025	Nov '24 Nov 29, 2024	Aug '24 Aug 30, 2024	May '24 May 31, 2024	Mar '24 Mar 1, 2024	Dec '23 Dec 1, 2023	Sep '23 Sep 1, 2023	Jun '23 Jun 2, 2023	Mar '23 Mar 3, 2023	Dec '22 Dec 2, 2022	Sep '22 Sep 2, 2022	Jun '22 Jun 3, 2022	Mar '22 Mar 4, 2022	Dec '21 Dec 3, 2021	Sep '21 Sep 3, 2021	Jun '21 Jun 4, 2021	Mar '21 Mar 5, 2021
Revenue	6,194	5,988	5,873	5,714	5,606	5,408	5,309	5,182	5,048	4,890	4,816	4,655	4,525	4,433	4,386	4,262	4,110	3,935	3,835	3,905
Revenue Growth (YoY)	10.49%	10.72%	10.62%	10.27%	11.05%	10.59%	10.24%	11.32%	11.56%	10.31%	9.80%	9.22%	10.10%	12.66%	14.37%	9.14%	20.04%	22.02%	22.60%	26.33%
Cost of Revenue	649	642	638	622	616	554	598	590	634	580	572	568	568	546	539	512	507	467	444	447
Gross Profit	5,545	5,346	5,235	5,092	4,990	4,854	4,711	4,592	4,414	4,310	4,244	4,087	3,957	3,887	3,847	3,750	3,603	3,468	3,391	3,458
Selling, General & Admin	2,149	2,047	2,003	1,862	1,992	1,797	1,800	1,704	1,740	1,690	1,702	1,632	1,637	1,585	1,538	1,427	1,405	1,333	1,329	1,339
Depreciation & Amortization Expenses	37	38	41	41	42	43	42	42	42	42	42	42	42	43	42	42	40	43	44	45
Research & Development	1,098	1,088	1,082	1,026	999	1,022	984	939	889	881	876	827	773	775	738	701	657	651	612	620
Other Operating Expenses	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	3,284	3,173	3,126	2,929	3,033	2,862	2,826	3,685	2,671	2,613	2,620	2,501	2,452	2,403	2,318	2,170	2,102	2,027	1,985	2,004
Operating Income	2,261	2,173	2,109	2,163	1,957	1,992	1,885	907	1,743	1,697	1,624	1,586	1,505	1,484	1,529	1,580	1,501	1,441	1,406	1,454
Interest Expense	-66	-67	-68	-62	-50	-51	-41	-27	-28	-27	-26	-32	-28	-28	-28	-28	-28	-27	-28	-30
Other Non-Operating Income (Expense)	69	81	60	81	84	101	86	88	93	73	52	44	40	0	-9	-9	-5	4	7	9
Total Non-Operating Income (Expense)	3	14	-8	19	34	50	45	61	65	46	26	12	12	-28	-37	-37	-33	-23	-21	-21
Pretax Income	2,264	2,187	2,101	2,182	1,991	2,042	1,930	968	1,808	1,743	1,650	1,598	1,517	1,456	1,492	1,543	1,468	1,418	1,386	1,433
Provision for Income Taxes	408	415	410	371	308	358	357	348	325	340	355	351	341	320	314	277	235	206	270	172
Net Income	1,856	1,772	1,691	1,811	1,683	1,684	1,573	620	1,483	1,403	1,295	1,247	1,176	1,136	1,178	1,266	1,233	1,212	1,116	1,261
Net Income to Common	1,856	1,772	1,691	1,811	1,683	1,684	1,573	620	1,483	1,403	1,295	1,247	1,176	1,136	1,178	1,266	1,233	1,212	1,116	1,261
Net Income Growth	10.28%	5.23%	7.50%	192.10%	13.49%	20.03%	21.47%	-50.28%	26.11%	23.50%	9.93%	-1.50%	-4.62%	-6.27%	5.56%	0.40%	-45.20%	26.91%	1.46%	32.04%
Shares Outstanding (Basic)	417	423	428	436	441	445	449	453	455	456	458	459	465	469	472	473	477	477	478	479
Shares Outstanding (Diluted)	417	424	429	438	443	448	451	456	459	460	459	460	466	469	473	475	481	481	481	483
Shares Change (YoY)	-5.87%	-5.36%	-4.98%	-4.10%	-3.49%	-2.50%	-1.59%	-0.70%	-1.50%	-2.11%	-3.08%	-3.35%	-3.02%	-2.35%	-1.56%	-1.55%	-0.72%	-0.87%	-0.83%	-1.00%
EPS (Basic)	4.45	4.18	3.95	4.15	3.81	3.78	3.50	1.37	3.26	3.07	2.83	2.72	2.53	2.42	2.50	2.68	2.57	2.54	2.34	2.63
EPS (Diluted)	4.45	4.18	3.94	4.14	3.79	3.76	3.49	1.36	3.23	3.05	2.82	2.71	2.53	2.42	2.49	2.66	2.56	2.52	2.32	2.61
EPS Growth	17.41%	11.17%	12.89%	204.41%	17.34%	23.28%	23.76%	-49.81%	27.67%	26.03%	13.25%	1.88%	-1.17%	-3.97%	7.33%	1.92%	-44.83%	27.92%	2.20%	33.16%
Free Cash Flow	3,126	2,126	2,144	2,456	2,873	1,964	1,899	1,137	1,550	1,782	2,018	1,592	2,234	1,579	1,914	1,669	1,967	1,309	1,893	1,713
Free Cash Flow Growth	8.81%	8.25%	12.90%	116.01%	85.36%	10.21%	-5.90%	-28.58%	-30.62%	12.86%	5.43%	-4.61%	13.57%	20.63%	1.11%	-2.57%	17.15%	-0.08%	73.99%	39.16%
Free Cash Flow Per Share	7.50	5.01	5.00	5.61	6.49	4.38	4.21	2.49	3.38	3.88	4.40	3.46	4.79	3.36	4.04	3.51	4.09	2.72	3.94	3.55
Gross Margin	89.52%	89.28%	89.14%	89.11%	89.01%	89.76%	88.74%	88.61%	87.44%	88.14%	88.12%	87.80%	87.45%	87.68%	87.71%	87.99%	87.66%	88.13%	88.42%	88.55%
Operating Margin	36.50%	36.29%	35.91%	37.85%	34.91%	36.83%	35.51%	17.50%	34.53%	34.70%	33.72%	34.07%	33.26%	33.48%	34.86%	37.07%	36.52%	36.62%	36.66%	37.23%
Profit Margin	29.96%	29.59%	28.79%	31.69%	30.02%	31.14%	29.63%	11.96%	29.38%	28.69%	26.89%	26.79%	25.99%	25.63%	26.86%	29.70%	30.00%	30.80%	29.10%	32.29%
FCF Margin	50.47%	35.50%	36.51%	42.98%	51.25%	36.32%	35.77%	21.94%	30.71%	36.44%	41.90%	34.20%	49.37%	35.62%	43.64%	39.16%	47.86%	33.27%	49.36%	43.87%
EBITDA	2,445	2,381	2,318	2,380	2,175	2,205	2,099	1,119	1,965	1,915	1,844	1,798	1,720	1,700	1,741	1,793	1,706	1,634	1,600	1,650
EBITDA Margin	39.47%	39.76%	39.47%	41.65%	38.80%	40.77%	39.54%	21.59%	38.93%	39.16%	38.29%	38.63%	38.01%	38.35%	39.69%	42.07%	41.51%	41.52%	41.72%	42.25%
EBIT	2,261	2,173	2,109	2,163	1,957	1,992	1,885	907	1,743	1,697	1,624	1,586	1,505	1,484	1,529	1,580	1,501	1,441	1,406	1,454
EBIT Margin	36.50%	36.29%	35.91%	37.85%	34.91%	36.83%	35.51%	17.50%	34.53%	34.70%	33.72%	34.07%	33.26%	33.48%	34.86%	37.07%	36.52%	36.62%	36.66%	37.23%
Effective Tax Rate	18.02%	18.98%	19.51%	17.00%	15.47%	17.53%	18.50%	35.95%	17.98%	19.51%	21.52%	21.96%	22.48%	21.98%	21.05%	17.95%	16.01%	14.53%	19.48%	12.00%

Updated Jan 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q