Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
297.95
+3.72 (1.26%)
Jan 22, 2026, 1:29 PM EST - Market open
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 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | +20 Quarters |
| 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 | Upgrade | |
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% | Upgrade |
Cost of Revenue | 649 | 642 | 638 | 622 | 616 | 554 | 598 | 590 | 634 | 580 | 572 | 568 | 568 | 546 | 539 | 512 | 507 | 467 | 444 | 447 | Upgrade |
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 | Upgrade |
Selling, General & Admin | 2,149 | 2,047 | 2,003 | 1,862 | 1,914 | 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 | Upgrade |
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 | Upgrade |
Amortization of Goodwill & Intangibles | 37 | 38 | 41 | 41 | 42 | 43 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 43 | 42 | 42 | 40 | 43 | 44 | 45 | Upgrade |
Operating Expenses | 3,284 | 3,173 | 3,126 | 2,929 | 2,955 | 2,862 | 2,826 | 2,685 | 2,671 | 2,613 | 2,620 | 2,501 | 2,452 | 2,403 | 2,318 | 2,170 | 2,102 | 2,027 | 1,985 | 2,004 | Upgrade |
Operating Income | 2,261 | 2,173 | 2,109 | 2,163 | 2,035 | 1,992 | 1,885 | 1,907 | 1,743 | 1,697 | 1,624 | 1,586 | 1,505 | 1,484 | 1,529 | 1,580 | 1,501 | 1,441 | 1,406 | 1,454 | Upgrade |
Interest Expense | -66 | -67 | -68 | -62 | -50 | -51 | -41 | -27 | -28 | -27 | -26 | -32 | -28 | -28 | -28 | -28 | -28 | -27 | -28 | -30 | Upgrade |
Interest & Investment Income | - | - | - | - | 341 | - | - | - | 269 | - | - | - | 61 | - | - | - | 17 | - | - | - | Upgrade |
Currency Exchange Gain (Loss) | - | - | - | - | -29 | - | - | - | -17 | - | - | - | -21 | - | - | - | -17 | - | - | - | Upgrade |
Other Non Operating Income (Expenses) | 57 | 58 | 58 | 75 | -241 | 89 | 82 | 70 | -156 | 67 | 47 | 43 | -4 | 6 | -1 | - | -1 | -3 | - | 4 | Upgrade |
EBT Excluding Unusual Items | 2,252 | 2,164 | 2,099 | 2,176 | 2,056 | 2,030 | 1,926 | 1,950 | 1,811 | 1,737 | 1,645 | 1,597 | 1,513 | 1,462 | 1,500 | 1,552 | 1,472 | 1,411 | 1,378 | 1,428 | Upgrade |
Merger & Restructuring Charges | - | - | - | - | - | - | - | -1,000 | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Gain (Loss) on Sale of Investments | 12 | 23 | 2 | 6 | 13 | 12 | 4 | 18 | -3 | 6 | 5 | 1 | 4 | -6 | -8 | -9 | -4 | 7 | 8 | 5 | Upgrade |
Asset Writedown | - | - | - | - | -78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
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 | Upgrade |
Income Tax Expense | 408 | 415 | 410 | 371 | 308 | 358 | 357 | 348 | 325 | 340 | 355 | 351 | 341 | 320 | 314 | 277 | 235 | 206 | 270 | 172 | Upgrade |
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 | Upgrade |
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 | Upgrade |
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% | Upgrade |
Shares Outstanding (Basic) | 417 | 424 | 428 | 436 | 441 | 445 | 449 | 453 | 455 | 456 | 458 | 459 | 465 | 469 | 472 | 473 | 476 | 477 | 478 | 479 | Upgrade |
Shares Outstanding (Diluted) | 417 | 424 | 429 | 438 | 443 | 448 | 451 | 456 | 459 | 460 | 459 | 460 | 466 | 469 | 473 | 475 | 480 | 481 | 481 | 483 | Upgrade |
Shares Change (YoY) | -5.87% | -5.25% | -4.98% | -3.95% | -3.49% | -2.59% | -1.59% | -0.76% | -1.50% | -2.11% | -3.08% | -3.35% | -2.92% | -2.35% | -1.56% | -1.55% | -0.83% | -0.87% | -0.83% | -1.00% | Upgrade |
EPS (Basic) | 4.45 | 4.18 | 3.95 | 4.15 | 3.82 | 3.78 | 3.50 | 1.37 | 3.26 | 3.07 | 2.83 | 2.72 | 2.53 | 2.42 | 2.50 | 2.68 | 2.59 | 2.54 | 2.34 | 2.63 | Upgrade |
EPS (Diluted) | 4.45 | 4.18 | 3.94 | 4.14 | 3.80 | 3.76 | 3.49 | 1.36 | 3.23 | 3.05 | 2.82 | 2.71 | 2.53 | 2.42 | 2.49 | 2.66 | 2.57 | 2.52 | 2.32 | 2.61 | Upgrade |
EPS Growth | 17.21% | 11.17% | 12.89% | 204.41% | 17.58% | 23.28% | 23.76% | -49.81% | 27.76% | 26.03% | 13.25% | 1.88% | -1.57% | -3.97% | 7.33% | 1.92% | -44.67% | 27.92% | 2.20% | 33.16% | Upgrade |
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 | Upgrade |
Free Cash Flow Per Share | 7.50 | 5.01 | 5.00 | 5.61 | 6.49 | 4.39 | 4.21 | 2.49 | 3.38 | 3.88 | 4.40 | 3.46 | 4.79 | 3.36 | 4.04 | 3.51 | 4.10 | 2.72 | 3.94 | 3.55 | Upgrade |
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% | Upgrade |
Operating Margin | 36.50% | 36.29% | 35.91% | 37.85% | 36.30% | 36.83% | 35.51% | 36.80% | 34.53% | 34.70% | 33.72% | 34.07% | 33.26% | 33.48% | 34.86% | 37.07% | 36.52% | 36.62% | 36.66% | 37.23% | Upgrade |
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% | Upgrade |
Free Cash Flow Margin | 50.47% | 35.50% | 36.51% | 42.98% | 51.25% | 36.32% | 35.77% | 21.94% | 30.70% | 36.44% | 41.90% | 34.20% | 49.37% | 35.62% | 43.64% | 39.16% | 47.86% | 33.27% | 49.36% | 43.87% | Upgrade |
EBITDA | 2,445 | 2,381 | 2,318 | 2,380 | 2,253 | 2,205 | 2,099 | 2,119 | 1,965 | 1,915 | 1,844 | 1,798 | 1,720 | 1,700 | 1,741 | 1,793 | 1,706 | 1,634 | 1,600 | 1,650 | Upgrade |
EBITDA Margin | 39.47% | 39.76% | 39.47% | 41.65% | 40.19% | 40.77% | 39.54% | 40.89% | 38.93% | 39.16% | 38.29% | 38.63% | 38.01% | 38.35% | 39.69% | 42.07% | 41.51% | 41.52% | 41.72% | 42.25% | Upgrade |
D&A For EBITDA | 184 | 208 | 209 | 217 | 218 | 213 | 214 | 212 | 222 | 218 | 220 | 212 | 215 | 216 | 212 | 213 | 205 | 193 | 194 | 196 | Upgrade |
EBIT | 2,261 | 2,173 | 2,109 | 2,163 | 2,035 | 1,992 | 1,885 | 1,907 | 1,743 | 1,697 | 1,624 | 1,586 | 1,505 | 1,484 | 1,529 | 1,580 | 1,501 | 1,441 | 1,406 | 1,454 | Upgrade |
EBIT Margin | 36.50% | 36.29% | 35.91% | 37.85% | 36.30% | 36.83% | 35.51% | 36.80% | 34.53% | 34.70% | 33.72% | 34.07% | 33.26% | 33.48% | 34.86% | 37.07% | 36.52% | 36.62% | 36.66% | 37.23% | Upgrade |
Effective Tax Rate | 18.02% | 18.98% | 19.52% | 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% | Upgrade |
Revenue as Reported | 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 | Upgrade |
Updated Nov 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.