Adobe Inc. (ADBE)
NASDAQ: ADBE · Real-Time Price · USD
273.47
-0.45 (-0.16%)
At close: Aug 26, 2026, 4:00 PM EDT
277.01
+3.54 (1.29%)
After-hours: Aug 26, 2026, 7:59 PM EDT
Adobe Income Statement
Financials in millions USD. Fiscal year is December - November.
Millions USD. Fiscal year is Dec - Nov.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | May '26 May 29, 2026 | Nov '25 Nov 28, 2025 | Nov '24 Nov 29, 2024 | Dec '23 Dec 1, 2023 | Dec '22 Dec 2, 2022 | Dec '21 Dec 3, 2021 |
| 25,198 | 23,769 | 21,505 | 19,409 | 17,606 | 15,785 | |
Revenue Growth | 11.49% | 10.53% | 10.80% | 10.24% | 11.54% | 22.67% |
Cost of Revenue | 2,670 | 2,551 | 2,358 | 2,354 | 2,165 | 1,865 |
Gross Profit | 22,528 | 21,218 | 19,147 | 17,055 | 15,441 | 13,920 |
Selling, General & Admin | 8,635 | 8,061 | 7,215 | 6,764 | 6,187 | 5,406 |
Research & Development | 4,494 | 4,294 | 3,944 | 3,473 | 2,987 | 2,540 |
Amortization of Goodwill & Intangibles | 147 | 157 | 169 | 168 | 169 | 172 |
Operating Expenses | 13,276 | 12,512 | 11,328 | 10,405 | 9,343 | 8,118 |
Operating Income | 9,252 | 8,706 | 7,819 | 6,650 | 6,098 | 5,802 |
Interest Expense | -261 | -263 | -169 | -113 | -112 | -113 |
Interest & Investment Income | 247 | 264 | 341 | 269 | 61 | 17 |
Currency Exchange Gain (Loss) | -15 | -15 | -29 | -17 | -21 | -17 |
Other Non Operating Income (Expenses) | -7 | - | - | 1 | 1 | - |
EBT Excluding Unusual Items | 9,216 | 8,692 | 7,962 | 6,790 | 6,027 | 5,689 |
Merger & Restructuring Charges | - | - | -1,000 | - | - | - |
Gain (Loss) on Sale of Investments | 57 | 42 | 47 | 9 | -19 | 16 |
Asset Writedown | - | - | -78 | - | - | - |
Pretax Income | 9,111 | 8,734 | 6,931 | 6,799 | 6,008 | 5,705 |
Income Tax Expense | 1,882 | 1,604 | 1,371 | 1,371 | 1,252 | 883 |
Net Income | 7,229 | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 |
Net Income to Common | 7,229 | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 |
Net Income Growth | 5.24% | 28.24% | 2.43% | 14.13% | -1.37% | -8.33% |
Shares Outstanding (Basic) | 413 | 426 | 447 | 457 | 470 | 477 |
Shares Outstanding (Diluted) | 414 | 427 | 450 | 459 | 471 | 481 |
Shares Change | -5.84% | -5.05% | -2.05% | -2.51% | -2.10% | -0.93% |
EPS (Basic) | 17.49 | 16.73 | 12.44 | 11.87 | 10.13 | 10.10 |
EPS (Diluted) | 17.48 | 16.70 | 12.36 | 11.82 | 10.10 | 10.02 |
EPS Growth | 11.88% | 35.11% | 4.57% | 17.03% | 0.80% | -7.48% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | May '26 May 29, 2026 | Nov '25 Nov 28, 2025 | Nov '24 Nov 29, 2024 | Dec '23 Dec 1, 2023 | Dec '22 Dec 2, 2022 | Dec '21 Dec 3, 2021 |
Free Cash Flow | 10,280 | 9,852 | 7,873 | 6,942 | 7,396 | 6,882 |
Free Cash Flow Per Share | 24.85 | 23.07 | 17.51 | 15.12 | 15.71 | 14.31 |
Gross Margin | 89.40% | 89.27% | 89.03% | 87.87% | 87.70% | 88.19% |
Operating Margin | 36.72% | 36.63% | 36.36% | 34.26% | 34.64% | 36.76% |
Profit Margin | 28.69% | 30.00% | 25.85% | 27.97% | 27.01% | 30.55% |
Free Cash Flow Margin | 40.80% | 41.45% | 36.61% | 35.77% | 42.01% | 43.60% |
EBITDA | 9,729 | 9,242 | 8,404 | 7,268 | 6,716 | 6,378 |
EBITDA Margin | 38.61% | 38.88% | 39.08% | 37.45% | 38.15% | 40.41% |
D&A For EBITDA | 477 | 536 | 585 | 618 | 618 | 576 |
EBIT | 9,252 | 8,706 | 7,819 | 6,650 | 6,098 | 5,802 |
EBIT Margin | 36.72% | 36.63% | 36.36% | 34.26% | 34.64% | 36.76% |
Effective Tax Rate | 20.66% | 18.37% | 19.78% | 20.16% | 20.84% | 15.48% |
Revenue as Reported | 25,198 | 23,769 | 21,505 | 19,409 | 17,606 | 15,785 |
Advertising Expenses | - | 1,370 | 1,040 | 970 | 1,040 | 865 |