Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Adobe Inc. Revenue & Financial Statements
Adobe Inc. reported revenue of $23.8B for the fiscal year ended November 28, 2025, up 10.5% year over year, with net income of $7.1B and diluted EPS of $16.70.
- Company
- Adobe Inc. ADBE · NASDAQ
- Latest fiscal year
- FY ended Nov 28, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 15.8B | 17.6B | 19.4B | 21.5B | 23.8B |
| Cost of revenue | 1.9B | 2.2B | 2.4B | 2.4B | 2.6B |
| Gross profit | 13.9B | 15.4B | 17.1B | 19.1B | 21.2B |
| Operating income | 5.8B | 6.1B | 6.7B | 6.7B | 8.7B |
| Pretax income | 4.0B | 4.0B | 3.3B | 2.8B | 2.0B |
| Net income | 4.8B | 4.6B | 5.4B | 5.6B | 7.1B |
| Diluted EPS | 10.02 | 10.10 | 11.82 | 12.36 | 16.70 |
| EBITDA | 6.6B | 7.0B | 7.5B | 7.6B | 9.5B |
Quarterly
| USD | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.3B | 5.4B | 5.6B | 5.7B | 5.9B | 6.0B | 6.2B | 6.4B |
| Cost of revenue | 598.0M | 554.0M | 616.0M | 622.0M | 638.0M | 642.0M | 649.0M | 664.0M |
| Gross profit | 4.7B | 4.9B | 5.0B | 5.1B | 5.2B | 5.3B | 5.5B | 5.7B |
| Operating income | 1.9B | 2.0B | 2.0B | 2.2B | 2.1B | 2.2B | 2.3B | 2.4B |
| Pretax income | 1.9B | 2.0B | 2.0B | 2.2B | 2.1B | 2.2B | 2.3B | 2.4B |
| Net income | 1.6B | 1.7B | 1.8B | 1.9B | 1.5B | 1.8B | 2.0B | 1.9B |
| Diluted EPS | 3.49 | 3.76 | 3.78 | 4.14 | 3.94 | 4.18 | 4.44 | 4.60 |
| EBITDA | — | 2.2B | 2.2B | 2.4B | — | 2.4B | 2.4B | 2.6B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 27.2B | 27.2B | 29.8B | 30.2B | 29.5B |
| Current assets | 8.7B | 9.0B | 11.1B | 11.2B | 10.2B |
| Cash & equivalents | 3.8B | 4.2B | 7.1B | 7.6B | 5.4B |
| Total liabilities | 12.4B | 13.1B | 13.3B | 16.1B | 17.9B |
| Current liabilities | 6.9B | 8.1B | 8.3B | 10.5B | 10.2B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | — | — | — | 0 |
| Stockholders’ equity | 14.8B | 14.1B | 16.5B | 14.1B | 11.6B |
| Net debt | — | — | — | — | (5.4B) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 7.2B | 7.8B | 7.3B | 8.1B | 10.0B |
| Investing cash flow | (3.5B) | (570.0M) | 776.0M | 149.0M | (1.2B) |
| Financing cash flow | (4.3B) | (6.8B) | (5.2B) | (7.7B) | (11.1B) |
| Capital expenditure | 348.0M | 442.0M | 360.0M | 183.0M | 179.0M |
| Free cash flow | 6.9B | 7.4B | 6.9B | 7.9B | 9.9B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 1.1B | 1.4B | 1.7B | 1.8B | 1.9B |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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