Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
273.71
-1.43 (-0.52%)
At close: Mar 11, 2026, 4:00 PM EDT
273.10
-0.60 (-0.22%)
Pre-market: Mar 12, 2026, 7:42 AM EDT
Adobe Cash Flow 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 |
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 |
Depreciation & Amortization | 818 | 852 | 857 | 862 | 857 | 861 | 866 | 872 | 872 | 865 | 863 | 855 | 856 | 846 | 823 | 805 | 788 | 773 | 771 | 765 |
Stock-Based Compensation | 1,942 | 1,894 | 1,871 | 1,857 | 1,833 | 1,819 | 1,787 | 1,753 | 1,718 | 1,679 | 1,615 | 1,534 | 1,440 | 1,321 | 1,223 | 1,131 | 1,069 | 1,033 | 985 | 952 |
Other Adjustments | -676 | -611 | -601 | -599 | -557 | -685 | -583 | -591 | -511 | -165 | 45 | 251 | 451 | 481 | 287 | 291 | 259 | -1,034 | -942 | -1,183 |
Change in Receivables | -275 | -296 | -127 | 74 | 143 | 38 | 60 | -262 | -159 | -127 | -100 | -120 | -198 | -179 | -104 | -157 | -430 | -186 | -88 | -121 |
Changes in Accounts Payable | 64 | 19 | 6 | 28 | 44 | - | 25 | -6 | -49 | 8 | -23 | 5 | 66 | -27 | 41 | 45 | -20 | 95 | 15 | -18 |
Changes in Accrued Expenses | 180 | 163 | 149 | 150 | 196 | 137 | 137 | 137 | 146 | 91 | 158 | 73 | 7 | -28 | -112 | -27 | 162 | 54 | 231 | -16 |
Changes in Income Taxes Payable | -45 | -59 | -80 | 241 | 68 | -644 | -345 | 29 | -11 | 766 | 460 | 135 | 19 | -9 | 8 | 9 | 2 | -79 | -100 | -53 |
Changes in Unearned Revenue | 971 | 828 | 868 | 600 | 529 | 643 | 305 | 633 | 536 | 540 | 505 | 458 | 536 | 547 | 582 | 723 | 1,053 | 881 | 767 | 615 |
Changes in Other Operating Activities | -157 | -21 | -344 | -605 | -622 | -1,970 | -1,558 | -1,603 | -1,688 | -737 | -505 | -154 | -83 | -420 | -592 | -655 | -710 | -432 | -245 | -335 |
Operating Cash Flow | 10,031 | 9,792 | 9,615 | 9,364 | 8,056 | 6,732 | 6,584 | 6,783 | 7,302 | 8,030 | 7,861 | 7,762 | 7,838 | 7,579 | 7,279 | 7,227 | 7,230 | 6,946 | 6,978 | 6,174 |
Operating Cash Flow Growth | 24.52% | 45.45% | 46.04% | 38.05% | 10.33% | -16.16% | -16.25% | -12.61% | -6.84% | 5.95% | 8.00% | 7.40% | 8.41% | 9.11% | 4.31% | 17.05% | 26.24% | 30.51% | 45.13% | 30.42% |
Capital Expenditures | -179 | -193 | -178 | -172 | -183 | -182 | -216 | -296 | -360 | -404 | -438 | -443 | -442 | -450 | -420 | -389 | -348 | -352 | -383 | -384 |
Purchases of Investments | -2,034 | -1,410 | -801 | -592 | -59 | - | - | - | - | -206 | -385 | -621 | -909 | -1,355 | -1,418 | -1,532 | -1,533 | -1,188 | -1,447 | -1,147 |
Proceeds from Sale of Investments | 1,177 | 797 | 443 | 492 | 499 | 609 | 759 | 1,043 | 1,189 | 1,205 | 1,179 | 978 | 953 | 947 | 951 | 1,045 | 1,068 | 1,125 | 1,225 | 1,113 |
Payments for Business Acquisitions | -17 | -17 | - | - | - | - | - | - | - | - | - | -20 | -126 | -1,338 | -1,944 | -2,659 | -4,023 | -2,811 | -2,205 | -1,470 |
Other Investing Activities | -667 | -553 | -408 | 100 | 121 | 218 | 274.5 | 129.5 | 137.5 | -28.5 | -28 | -26 | -24 | -472 | -473 | -473 | -470 | -72 | -64 | -66 |
Investing Cash Flow | -1,187 | -1,022 | -790 | -401 | 149 | 283 | 475 | 686 | 776 | 554 | 306 | -154 | -570 | -2,240 | -2,270 | -2,239 | -3,537 | -1,929 | -2,111 | -1,924 |
Long-Term Debt Issued | 1,997 | 1,997 | 1,997 | 3,994 | 1,997 | 1,997 | 1,997 | - | - | - | - | - | - | - | - | - | - | - | - | 1,572 |
Long-Term Debt Repaid | -1,500 | -1,500 | -1,500 | -1,500 | - | - | - | -250 | -500 | -750 | -750 | -500 | - | - | - | - | - | - | - | -1,575 |
Net Long-Term Debt Issued (Repaid) | 497 | 497 | 497 | 2,494 | 1,997 | 1,997 | 1,997 | -250 | -500 | -750 | -750 | -500 | - | - | - | - | - | - | - | -3 |
Issuance of Common Stock | 490 | 490 | 456 | 456 | 457 | 457 | 341 | 342 | 314 | 314 | 257 | 301.5 | 278 | 324.5 | 340.5 | 338.5 | 334.5 | 333.5 | 311.5 | 269 |
Repurchase of Common Stock | -11,281 | -11,307 | -11,750 | -10,750 | -9,500 | -8,000 | -6,500 | -5,000 | -4,400 | -5,150 | -5,350 | -5,550 | -6,550 | -5,800 | -5,600 | -5,400 | -3,950 | -3,800 | -3,300 | -3,150 |
Net Common Stock Issued (Repurchased) | -10,791 | -10,817 | -11,294 | -10,294 | -9,043 | -7,543 | -6,159 | -4,658 | -4,086 | -4,836 | -5,093 | -5,249 | -6,227 | -5,476 | -5,260 | -5,062 | -3,616 | -3,467 | -2,989 | -2,881 |
Other Financing Activities | -718 | -696 | -842 | -693 | -734 | -798 | -696 | -638 | -596 | -540 | -472 | -441 | -553 | -471 | -526 | -556 | -642 | -653 | -646 | -618 |
Financing Cash Flow | -13,615 | -13,507 | -14,084 | -10,938 | -10,225 | -6,440 | -4,858 | -5,296 | -5,182 | -5,876 | -6,065 | -6,235 | -6,825 | -5,992 | -5,831 | -5,661 | -4,301 | -4,163 | -3,678 | -3,499 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 34 | 25 | 29 | -22 | -9 | 17 | 3 | 9 | 9 | 23 | -11 | -40 | -51 | -100 | -63 | -40 | -26 | 2 | 17 | 13 |
Net Cash Flow | -2,182 | -2,211 | -2,729 | 504 | 472 | 592 | 2,204 | 2,182 | 2,905 | 2,731 | 2,091 | 1,333 | 392 | -753 | -885 | -713 | -634 | 856 | 1,206 | 764 |
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% |
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% |
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 |
Levered Free Cash Flow | 9,279 | 9,043 | 8,644 | 10,349 | 8,446 | 6,202 | 6,290 | 4,317 | 4,374 | 5,500 | 5,124 | 5,166 | 5,715 | 5,272 | 5,219 | 5,338 | 5,749 | 6,779 | 6,638 | 6,137 |
Unlevered Free Cash Flow | 8,759 | 8,497 | 8,069 | 7,732 | 6,297 | 4,029 | 4,122 | 4,413 | 4,755 | 6,174 | 5,857 | 5,698 | 5,786 | 5,381 | 5,326 | 5,432 | 5,831 | 6,867 | 6,713 | 6,216 |
Updated Jan 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.