Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
273.71
-1.43 (-0.52%)
At close: Mar 11, 2026, 4:00 PM EDT
272.57
-1.13 (-0.41%)
Pre-market: Mar 12, 2026, 9:15 AM EDT
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 |
| 23,769 | 23,181 | 22,601 | 22,037 | 21,505 | 20,947 | 20,429 | 19,936 | 19,409 | 18,886 | 18,429 | 17,999 | 17,606 | 17,191 | 16,693 | 16,142 | 15,785 | 15,099 | 14,389 | 13,682 | |
Revenue Growth (YoY) | 10.53% | 10.66% | 10.63% | 10.54% | 10.80% | 10.91% | 10.85% | 10.76% | 10.24% | 9.86% | 10.40% | 11.50% | 11.54% | 13.86% | 16.01% | 17.98% | 22.67% | 21.41% | 19.46% | 17.33% |
Cost of Revenue | 2,551 | 2,518 | 2,430 | 2,390 | 2,358 | 2,376 | 2,402 | 2,376 | 2,354 | 2,288 | 2,254 | 2,221 | 2,165 | 2,104 | 2,025 | 1,930 | 1,865 | 1,786 | 1,746 | 1,717 |
Gross Profit | 21,218 | 20,663 | 20,171 | 19,647 | 19,147 | 18,571 | 18,027 | 17,560 | 17,055 | 16,598 | 16,175 | 15,778 | 15,441 | 15,087 | 14,668 | 14,212 | 13,920 | 13,313 | 12,643 | 11,965 |
Selling, General & Admin | 8,061 | 7,904 | 7,654 | 7,451 | 7,293 | 7,041 | 6,934 | 6,836 | 6,764 | 6,661 | 6,556 | 6,392 | 6,187 | 5,955 | 5,703 | 5,494 | 5,406 | 5,185 | 4,974 | 4,770 |
Depreciation & Amortization Expenses | 157 | 162 | 167 | 168 | 169 | 169 | 168 | 168 | 168 | 168 | 169 | 169 | 169 | 167 | 167 | 169 | 172 | 171 | 169 | 165 |
Research & Development | 4,294 | 4,195 | 4,129 | 4,031 | 3,944 | 3,834 | 3,693 | 3,585 | 3,473 | 3,357 | 3,251 | 3,113 | 2,987 | 2,871 | 2,747 | 2,621 | 2,540 | 2,441 | 2,356 | 2,276 |
Other Operating Expenses | - | - | - | - | 1,000 | 1,000 | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Total Operating Expenses | 12,512 | 12,261 | 11,950 | 11,650 | 12,406 | 12,044 | 11,795 | 11,589 | 10,405 | 10,186 | 9,976 | 9,674 | 9,343 | 8,993 | 8,617 | 8,284 | 8,118 | 7,797 | 7,499 | 7,211 |
Operating Income | 8,706 | 8,402 | 8,221 | 7,997 | 6,741 | 6,527 | 6,232 | 5,971 | 6,650 | 6,412 | 6,199 | 6,104 | 6,098 | 6,094 | 6,051 | 5,928 | 5,802 | 5,516 | 5,144 | 4,754 |
Interest Expense | -263 | -247 | -231 | -204 | -169 | -147 | -123 | -108 | -113 | -113 | -114 | -116 | -112 | -112 | -111 | -111 | -113 | -112 | -113 | -113 |
Other Non-Operating Income (Expense) | 291 | 306 | 326 | 352 | 359 | 368 | 340 | 306 | 262 | 209 | 136 | 75 | 22 | -23 | -19 | -3 | 15 | 29 | 44 | 49 |
Total Non-Operating Income (Expense) | 28 | 59 | 95 | 148 | 190 | 221 | 217 | 198 | 149 | 96 | 22 | -41 | -90 | -135 | -130 | -114 | -98 | -83 | -69 | -64 |
Pretax Income | 8,734 | 8,461 | 8,316 | 8,145 | 6,931 | 6,748 | 6,449 | 6,169 | 6,799 | 6,508 | 6,221 | 6,063 | 6,008 | 5,959 | 5,921 | 5,815 | 5,705 | 5,434 | 5,076 | 4,690 |
Provision for Income Taxes | 1,604 | 1,504 | 1,447 | 1,394 | 1,371 | 1,388 | 1,370 | 1,368 | 1,371 | 1,387 | 1,367 | 1,326 | 1,252 | 1,146 | 1,032 | 988 | 883 | -405 | -506 | -876 |
Net Income | 7,130 | 6,957 | 6,869 | 6,751 | 5,560 | 5,360 | 5,079 | 4,801 | 5,428 | 5,121 | 4,854 | 4,737 | 4,756 | 4,813 | 4,889 | 4,827 | 4,822 | 5,839 | 5,582 | 5,566 |
Net Income to Common | 7,130 | 6,957 | 6,869 | 6,751 | 5,560 | 5,360 | 5,079 | 4,801 | 5,428 | 5,121 | 4,854 | 4,737 | 4,756 | 4,813 | 4,889 | 4,827 | 4,822 | 5,839 | 5,582 | 5,566 |
Net Income Growth | 28.24% | 29.79% | 35.24% | 40.62% | 2.43% | 4.67% | 4.63% | 1.35% | 14.13% | 6.40% | -0.72% | -1.86% | -1.37% | -17.57% | -12.41% | -13.28% | -8.33% | 51.19% | 50.87% | 72.16% |
Shares Outstanding (Basic) | 426 | 432 | 438 | 443 | 447 | 450 | 453 | 456 | 457 | 460 | 463 | 466 | 470 | 473 | 475 | 476 | 478 | 478 | 479 | 480 |
Shares Outstanding (Diluted) | 427 | 433 | 439 | 445 | 450 | 454 | 457 | 458 | 459 | 461 | 463 | 467 | 471 | 475 | 477 | 479 | 481 | 482 | 483 | 484 |
Shares Change (YoY) | -5.07% | -4.47% | -3.76% | -2.92% | -2.07% | -1.57% | -1.48% | -1.86% | -2.52% | -2.89% | -2.95% | -2.57% | -2.12% | -1.54% | -1.17% | -0.99% | -0.85% | -0.93% | -1.02% | -1.19% |
EPS (Basic) | 16.73 | 16.09 | 15.69 | 15.24 | 12.46 | 11.91 | 11.20 | 10.53 | 11.88 | 11.15 | 10.50 | 10.17 | 10.13 | 10.17 | 10.29 | 10.13 | 10.08 | 12.20 | 11.65 | 11.59 |
EPS (Diluted) | 16.71 | 16.05 | 15.63 | 15.18 | 12.40 | 11.84 | 11.13 | 10.46 | 11.81 | 11.11 | 10.48 | 10.15 | 10.10 | 10.13 | 10.23 | 10.06 | 10.01 | 12.09 | 11.54 | 11.49 |
EPS Growth | 34.76% | 35.56% | 40.43% | 45.12% | 5.00% | 6.57% | 6.20% | 3.05% | 16.93% | 9.67% | 2.44% | 0.90% | 0.90% | -16.21% | -11.35% | -12.45% | -7.66% | 52.27% | 52.24% | 74.09% |
Free Cash Flow | 9,852 | 9,599 | 9,437 | 9,192 | 7,873 | 6,550 | 6,368 | 6,487 | 6,942 | 7,626 | 7,423 | 7,319 | 7,396 | 7,129 | 6,859 | 6,838 | 6,882 | 6,594 | 6,595 | 5,790 |
Free Cash Flow Growth | 25.14% | 46.55% | 48.19% | 41.70% | 13.41% | -14.11% | -14.21% | -11.37% | -6.14% | 6.97% | 8.22% | 7.03% | 7.47% | 8.11% | 4.00% | 18.10% | 29.65% | 34.27% | 48.74% | 34.34% |
Free Cash Flow Per Share | 23.07 | 22.15 | 21.48 | 20.66 | 17.50 | 14.44 | 13.95 | 14.15 | 15.12 | 16.54 | 16.02 | 15.67 | 15.71 | 15.02 | 14.37 | 14.27 | 14.31 | 13.68 | 13.65 | 11.96 |
Gross Margin | 89.27% | 89.14% | 89.25% | 89.15% | 89.04% | 88.66% | 88.24% | 88.08% | 87.87% | 87.89% | 87.77% | 87.66% | 87.70% | 87.76% | 87.87% | 88.04% | 88.18% | 88.17% | 87.87% | 87.45% |
Operating Margin | 36.63% | 36.25% | 36.37% | 36.29% | 31.35% | 31.16% | 30.51% | 29.95% | 34.26% | 33.95% | 33.64% | 33.91% | 34.64% | 35.45% | 36.25% | 36.72% | 36.76% | 36.53% | 35.75% | 34.75% |
Profit Margin | 30.00% | 30.01% | 30.39% | 30.63% | 25.85% | 25.59% | 24.86% | 24.08% | 27.97% | 27.12% | 26.34% | 26.32% | 27.01% | 28.00% | 29.29% | 29.90% | 30.55% | 38.67% | 38.79% | 40.68% |
FCF Margin | 41.45% | 41.41% | 41.75% | 41.71% | 36.61% | 31.27% | 31.17% | 32.54% | 35.77% | 40.38% | 40.28% | 40.66% | 42.01% | 41.47% | 41.09% | 42.36% | 43.60% | 43.67% | 45.83% | 42.32% |
EBITDA | 9,524 | 9,254 | 9,078 | 8,859 | 7,598 | 7,388 | 7,098 | 6,843 | 7,522 | 7,277 | 7,062 | 6,959 | 6,954 | 6,940 | 6,874 | 6,733 | 6,590 | 6,289 | 5,915 | 5,519 |
EBITDA Margin | 40.07% | 39.92% | 40.17% | 40.20% | 35.33% | 35.27% | 34.74% | 34.32% | 38.76% | 38.53% | 38.32% | 38.66% | 39.50% | 40.37% | 41.18% | 41.71% | 41.75% | 41.65% | 41.11% | 40.34% |
EBIT | 8,706 | 8,402 | 8,221 | 7,997 | 6,741 | 6,527 | 6,232 | 5,971 | 6,650 | 6,412 | 6,199 | 6,104 | 6,098 | 6,094 | 6,051 | 5,928 | 5,802 | 5,516 | 5,144 | 4,754 |
EBIT Margin | 36.63% | 36.25% | 36.37% | 36.29% | 31.35% | 31.16% | 30.51% | 29.95% | 34.26% | 33.95% | 33.64% | 33.91% | 34.64% | 35.45% | 36.25% | 36.72% | 36.76% | 36.53% | 35.75% | 34.75% |
Effective Tax Rate | 18.37% | 17.78% | 17.40% | 17.11% | 19.78% | 20.57% | 21.24% | 22.18% | 20.16% | 21.31% | 21.97% | 21.87% | 20.84% | 19.23% | 17.43% | 16.99% | 15.48% | -7.45% | -9.97% | -18.68% |
Updated Jan 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.