Adobe Inc. (ADBE) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Adobe reported revenue of $23.77B, up 10.5% from $21.50B the year before. Net income was $7.13B (a 30.0% net margin), or $16.70 per diluted share. Gross margin was 89.3% and operating margin was 36.6%. Operating activities generated $10.03B of cash, leaving $9.85B of free cash flow. At fiscal year end, Adobe held $29.50B in total assets against $17.87B in total liabilities, including $5.43B of cash and equivalents.
Open the full interactive Adobe financials → Quarterly statements, key ratios, valuation history and price charts.
Adobe Key Stats
| Share Price | $236.28 |
|---|---|
| Market Cap | $93.45B |
| P/E Ratio | 14.1 |
| Revenue YoY Growth | +10.5% |
| 52-Week Range | $193.41 – $359.91 |
| Shares Outstanding | 395.0 million (basic, 2026 Q3) |
Adobe Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.87B | $15.79B | $17.61B | $19.41B | $21.50B | $23.77B |
| Gross Profit | $11.15B | $13.92B | $15.44B | $17.05B | $19.15B | $21.22B |
| Operating Income | $4.24B | $5.80B | $6.10B | $6.65B | $6.74B | $8.71B |
| Pre-Tax Income | $4.18B | $5.71B | $6.01B | $6.80B | $6.93B | $8.73B |
| Income Tax | -$1.08B | $883.0M | $1.25B | $1.37B | $1.37B | $1.60B |
| Net Income | $5.26B | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B |
| Diluted EPS | $10.83 | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 |
Adobe Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $6.19B | $6.40B | $6.62B | $6.76B |
| Net Income | $1.86B | $1.89B | $1.71B | $1.83B |
| Diluted EPS | $4.35 | $4.60 | $4.25 | $4.62 |
Adobe Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.48B | $3.84B | $4.24B | $7.14B | $7.61B | $5.43B |
| Current Assets | $8.15B | $8.67B | $9.00B | $11.08B | $11.23B | $10.16B |
| Total Assets | $24.28B | $27.24B | $27.16B | $29.78B | $30.23B | $29.50B |
| Current Liabilities | $5.51B | $6.93B | $8.13B | $8.25B | $10.52B | $10.20B |
| Total Long-Term Debt | $4.12B | $4.12B | $3.63B | $3.63B | $4.13B | $6.21B |
| Total Liabilities | $11.02B | $12.44B | $13.11B | $13.26B | $16.12B | $17.87B |
| Shareholders' Equity | $13.26B | $14.80B | $14.05B | $16.52B | $14.11B | $11.62B |
Adobe Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $5.73B | $7.23B | $7.84B | $7.30B | $8.06B | $10.03B |
| Cash From Investing | -$414.0M | -$3.54B | -$570.0M | $776.0M | $149.0M | -$1.19B |
| Cash From Financing | -$3.49B | -$4.30B | -$6.83B | -$5.18B | -$7.72B | -$11.06B |
| Free Cash Flow | $5.31B | $6.88B | $7.40B | $6.94B | $7.87B | $9.85B |
Figures from Adobe's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Adobe financials page for every line item.
Adobe Company Profile
| Ticker | ADBE |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | November 27 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000796343 |
Frequently Asked Questions
What was Adobe's revenue in fiscal 2025?
Adobe (ADBE) reported revenue of $23.77B for fiscal 2025.
What is Adobe's annual revenue history?
Adobe's annual revenue by fiscal year: 2020: $12.87B; 2021: $15.79B; 2022: $17.61B; 2023: $19.41B; 2024: $21.50B; 2025: $23.77B.
What was Adobe's net income in fiscal 2025?
Adobe reported net income of $7.13B for fiscal 2025.
What was Adobe's earnings per share (EPS) in fiscal 2025?
Adobe's diluted EPS was $16.70 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Adobe generate in fiscal 2025?
Adobe generated $9.85B of free cash flow in fiscal 2025.
What was Adobe's revenue last quarter?
In its most recent reported quarter (2026 Q3), Adobe reported revenue of $6.76B.
How much debt does Adobe have?
Adobe reported $6.21B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Adobe are outstanding?
Adobe reported a weighted average of 395.0 million basic shares outstanding in 2026 Q3.
What is Adobe's market cap?
Based on its latest closing price, Adobe (ADBE) has a market capitalization of about $93.45B.
When does Adobe's fiscal year end?
Adobe's fiscal year end, as registered with the SEC, is November 27.
Where is Adobe headquartered?
Adobe lists its business address in San Jose, California in its SEC filings.