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 |
| 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 | Upgrade | |
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% | Upgrade |
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 | Upgrade |
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 | Upgrade |
Selling, General & Admin | 8,061 | 7,826 | 7,576 | 7,373 | 7,215 | 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 | Upgrade |
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 | Upgrade |
Amortization of Goodwill & Intangibles | 157 | 162 | 167 | 168 | 169 | 169 | 168 | 168 | 168 | 168 | 169 | 169 | 169 | 167 | 167 | 169 | 172 | 171 | 169 | 165 | Upgrade |
Operating Expenses | 12,512 | 12,183 | 11,872 | 11,572 | 11,328 | 11,044 | 10,795 | 10,589 | 10,405 | 10,186 | 9,976 | 9,674 | 9,343 | 8,993 | 8,617 | 8,284 | 8,118 | 7,797 | 7,499 | 7,211 | Upgrade |
Operating Income | 8,706 | 8,480 | 8,299 | 8,075 | 7,819 | 7,527 | 7,232 | 6,971 | 6,650 | 6,412 | 6,199 | 6,104 | 6,098 | 6,094 | 6,051 | 5,928 | 5,802 | 5,516 | 5,144 | 4,754 | Upgrade |
Interest Expense | -263 | -247 | -231 | -204 | -169 | -147 | -123 | -108 | -113 | -113 | -114 | -116 | -112 | -112 | -111 | -111 | -113 | -112 | -113 | -113 | Upgrade |
Interest & Investment Income | - | 341 | 341 | 341 | 341 | 269 | 269 | 269 | 269 | 61 | 61 | 61 | 61 | 17 | 17 | 17 | 17 | 43 | 43 | 43 | Upgrade |
Currency Exchange Gain (Loss) | - | -29 | -29 | -29 | -29 | -17 | -17 | -17 | -17 | -21 | -21 | -21 | -21 | -17 | -17 | -17 | -17 | -2 | -2 | -2 | Upgrade |
Other Non Operating Income (Expenses) | 248 | -50 | -19 | 5 | - | 85 | 63 | 28 | 1 | 153 | 92 | 44 | 1 | 4 | -5 | -4 | - | -38 | -26 | -14 | Upgrade |
EBT Excluding Unusual Items | 8,691 | 8,495 | 8,361 | 8,188 | 7,962 | 7,717 | 7,424 | 7,143 | 6,790 | 6,492 | 6,217 | 6,072 | 6,027 | 5,986 | 5,935 | 5,813 | 5,689 | 5,407 | 5,046 | 4,668 | Upgrade |
Merger & Restructuring Charges | - | - | - | - | -1,000 | -1,000 | -1,000 | -1,000 | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Gain (Loss) on Sale of Investments | 43 | 44 | 33 | 35 | 47 | 31 | 25 | 26 | 9 | 16 | 4 | -9 | -19 | -27 | -14 | 2 | 16 | 27 | 30 | 22 | Upgrade |
Asset Writedown | - | -78 | -78 | -78 | -78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
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 | Upgrade |
Income Tax Expense | 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 | Upgrade |
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 | Upgrade |
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 | Upgrade |
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% | 51.23% | 50.91% | 72.21% | Upgrade |
Shares Outstanding (Basic) | 426 | 432 | 438 | 443 | 447 | 451 | 453 | 456 | 457 | 459 | 463 | 466 | 470 | 472 | 474 | 476 | 477 | 478 | 479 | 480 | Upgrade |
Shares Outstanding (Diluted) | 427 | 434 | 439 | 445 | 450 | 454 | 457 | 458 | 459 | 461 | 463 | 467 | 471 | 474 | 477 | 479 | 481 | 482 | 483 | 484 | Upgrade |
Shares Change (YoY) | -5.05% | -4.42% | -3.76% | -2.84% | -2.05% | -1.57% | -1.47% | -1.86% | -2.51% | -2.87% | -2.91% | -2.55% | -2.10% | -1.63% | -1.26% | -1.06% | -0.93% | -0.88% | -0.99% | -1.17% | Upgrade |
EPS (Basic) | 16.74 | 16.09 | 15.69 | 15.24 | 12.44 | 11.89 | 11.20 | 10.54 | 11.87 | 11.15 | 10.49 | 10.16 | 10.13 | 10.19 | 10.31 | 10.15 | 10.10 | 12.21 | 11.65 | 11.60 | Upgrade |
EPS (Diluted) | 16.70 | 16.05 | 15.63 | 15.16 | 12.36 | 11.81 | 11.12 | 10.48 | 11.82 | 11.12 | 10.48 | 10.14 | 10.10 | 10.14 | 10.24 | 10.07 | 10.02 | 12.10 | 11.54 | 11.49 | Upgrade |
EPS Growth | 35.11% | 35.82% | 40.56% | 44.73% | 4.57% | 6.28% | 6.06% | 3.29% | 17.03% | 9.62% | 2.38% | 0.76% | 0.80% | -16.16% | -11.26% | -12.34% | -7.48% | 52.33% | 52.25% | 74.05% | Upgrade |
Free Cash Flow | - | 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 | Upgrade |
Free Cash Flow Per Share | - | 22.14 | 21.48 | 20.65 | 17.51 | 14.44 | 13.95 | 14.16 | 15.12 | 16.55 | 16.02 | 15.68 | 15.71 | 15.03 | 14.37 | 14.27 | 14.31 | 13.67 | 13.65 | 11.96 | Upgrade |
Gross Margin | 89.27% | 89.14% | 89.25% | 89.16% | 89.03% | 88.66% | 88.24% | 88.08% | 87.87% | 87.89% | 87.77% | 87.66% | 87.70% | 87.76% | 87.87% | 88.04% | 88.19% | 88.17% | 87.87% | 87.45% | Upgrade |
Operating Margin | 36.63% | 36.58% | 36.72% | 36.64% | 36.36% | 35.93% | 35.40% | 34.97% | 34.26% | 33.95% | 33.64% | 33.91% | 34.64% | 35.45% | 36.25% | 36.72% | 36.76% | 36.53% | 35.75% | 34.75% | Upgrade |
Profit Margin | 30.00% | 30.01% | 30.39% | 30.64% | 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% | Upgrade |
Free Cash Flow Margin | - | 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% | Upgrade |
EBITDA | 9,551 | 9,060 | 8,884 | 8,665 | 8,404 | 8,134 | 7,844 | 7,589 | 7,268 | 7,039 | 6,824 | 6,721 | 6,716 | 6,728 | 6,662 | 6,521 | 6,378 | 6,103 | 5,729 | 5,333 | Upgrade |
EBITDA Margin | 40.18% | 39.08% | 39.31% | 39.32% | 39.08% | 38.83% | 38.40% | 38.07% | 37.45% | 37.27% | 37.03% | 37.34% | 38.15% | 39.14% | 39.91% | 40.40% | 40.41% | 40.42% | 39.81% | 38.98% | Upgrade |
D&A For EBITDA | 845.33 | 580 | 585 | 590 | 585 | 607 | 612 | 618 | 618 | 627 | 625 | 617 | 618 | 634 | 611 | 593 | 576 | 587 | 585 | 579 | Upgrade |
EBIT | 8,706 | 8,480 | 8,299 | 8,075 | 7,819 | 7,527 | 7,232 | 6,971 | 6,650 | 6,412 | 6,199 | 6,104 | 6,098 | 6,094 | 6,051 | 5,928 | 5,802 | 5,516 | 5,144 | 4,754 | Upgrade |
EBIT Margin | 36.63% | 36.58% | 36.72% | 36.64% | 36.36% | 35.93% | 35.40% | 34.97% | 34.26% | 33.95% | 33.64% | 33.91% | 34.64% | 35.45% | 36.25% | 36.72% | 36.76% | 36.53% | 35.75% | 34.75% | Upgrade |
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% | - | - | - | Upgrade |
Revenue as Reported | 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 | Upgrade |
Advertising Expenses | - | - | - | - | 1,040 | - | - | - | 970 | - | - | - | 1,040 | - | - | - | 865 | - | - | - | Upgrade |
Updated Nov 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.