Adobe Q3 revenue rises 11% to $5.99 billion; raises FY25 revenue and EPS targets
Adobe reported record third-quarter fiscal 2025 revenue of $5.99 billion, up 11% year over year, and non-GAAP diluted earnings per share of $5.31, up from $4.65 a year earlier. The company raised its full-year fiscal 2025 total revenue target to $23.65 billion to $23.70 billion and its non-GAAP EPS target to $20.80 to $20.85, which matters to shareholders because both headline measures improved and the outlook rose.
- Q3 revenue of $5.99 billion, up 11% year over year (10% in constant currency); GAAP diluted EPS $4.18 versus $3.76 a year earlier
- Full-year fiscal 2025 total revenue target raised to $23.65 billion to $23.70 billion; non-GAAP EPS target $20.80 to $20.85
- Digital Media ending ARR of $18.59 billion, up 11.7% year over year; remaining performance obligations of $20.44 billion
- Adobe repurchased approximately 8.0 million shares during the quarter; common stock repurchases were $2.06 billion in cash flow