Adobe Inc. (ADBE)

Nasdaq Information Technology Application Software S&P 500Nasdaq-100

$239.30

-7.14 (-2.90%)

Close of Nov 06, 2026 · end-of-day data

Source: Adobe Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.85B	$7.30B	$9.03B	$11.17B	$12.87B	$15.79B	$17.61B	$19.41B	$21.50B	$23.77B
Cost of revenue	$819.91M	$1.01B	$1.20B	$1.67B	$1.72B	$1.86B	$2.17B	$2.35B	$2.36B	$2.55B
Gross profit	$5.03B	$6.29B	$7.83B	$9.50B	$11.15B	$13.92B	$15.44B	$17.05B	$19.15B	$21.22B
Operating income	$1.49B	$2.17B	$2.84B	$3.27B	$4.24B	$5.80B	$6.10B	$6.65B	$6.74B	$8.71B
Interest expense	$70.44M	$74.40M	$89.00M	$157.00M	$116.00M	$113.00M	$112.00M	$113.00M	$169.00M	$263.00M
Pre-tax income	$1.44B	$2.14B	$2.79B	$3.21B	$4.18B	$5.71B	$6.01B	$6.80B	$6.93B	$8.73B
Income tax	$266.36M	$443.69M	$203.00M	$254.00M	-$1.08B	$883.00M	$1.25B	$1.37B	$1.37B	$1.60B
Net income	$1.17B	$1.69B	$2.59B	$2.95B	$5.26B	$4.82B	$4.76B	$5.43B	$5.56B	$7.13B
EBITDA	$1.83B	$2.49B	$3.19B	$4.03B	$4.99B	$6.59B	$6.95B	$7.52B	$7.60B	$9.52B
EPS (basic)	$2.35	$3.43	$5.28	$6.07	$10.94	$10.10	$10.13	$11.87	$12.43	$16.73
EPS (diluted)	$2.32	$3.38	$5.20	$6.00	$10.83	$10.02	$10.10	$11.82	$12.36	$16.70
Diluted shares	504.30M	501.12M	497.80M	491.60M	485.50M	481.00M	470.90M	459.10M	449.70M	427.00M
Gross margin	86.0%	86.2%	86.8%	85.0%	86.6%	88.2%	87.7%	87.9%	89.0%	89.3%
Operating margin	25.5%	29.7%	31.5%	29.3%	32.9%	36.8%	34.6%	34.3%	31.3%	36.6%
Net margin	20.0%	23.2%	28.7%	26.4%	40.9%	30.5%	27.0%	28.0%	25.9%	30.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$1.01B	$2.31B	$1.64B	$2.65B	$4.48B	$3.84B	$4.24B	$7.14B	$7.61B	$5.43B
Short-term investments	$3.75B	$3.51B	$1.59B	$1.53B	$1.51B	$1.95B	$1.86B	$701.00M	$273.00M	$1.16B
Receivables	$833.03M	$1.22B	$1.32B	$1.53B	$1.40B	$1.88B	$2.06B	$2.22B	$2.07B	$2.34B
Total current assets	$5.84B	$7.25B	$4.86B	$6.50B	$8.15B	$8.67B	$9.00B	$11.08B	$11.23B	$10.16B
Goodwill	$5.41B	$5.82B	$10.58B	$10.69B	$10.74B	$12.67B	$12.79B	$12.80B	$12.79B	$12.86B
Total assets	$12.70B	$14.54B	$18.77B	$20.76B	$24.28B	$27.24B	$27.16B	$29.78B	$30.23B	$29.50B
Total current liabilities	$2.81B	$3.53B	$4.30B	$8.19B	$5.51B	$6.93B	$8.13B	$8.25B	$10.52B	$10.20B
Short-term debt	—	—	$0	$3.15B	$0	$0	$500.00M	$0	$1.50B	$0
Long-term debt	$1.89B	$1.88B	$4.12B	$989.00M	$4.12B	$4.12B	$3.63B	$3.63B	$4.13B	$6.21B
Total debt	$1.89B	$1.88B	$4.12B	$4.14B	$4.12B	$4.12B	$4.13B	$3.63B	$5.63B	$6.21B
Total liabilities	$5.27B	$6.08B	$9.41B	$10.23B	$11.02B	$12.44B	$13.11B	$13.26B	$16.12B	$17.87B
Shareholders' equity	$7.42B	$8.46B	$9.36B	$10.53B	$13.26B	$14.80B	$14.05B	$16.52B	$14.11B	$11.62B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$2.20B	$2.91B	$4.03B	$4.42B	$5.73B	$7.23B	$7.84B	$7.30B	$8.06B	$10.03B
Capital expenditures	$203.81M	$178.12M	$267.00M	$395.00M	$419.00M	$348.00M	$442.00M	$360.00M	$183.00M	$179.00M
Free cash flow	$2.00B	$2.73B	$3.76B	$4.03B	$5.31B	$6.88B	$7.40B	$6.94B	$7.87B	$9.85B
Investing cash flow	-$960.03M	-$442.88M	-$4.68B	-$456.00M	-$414.00M	-$3.54B	-$570.00M	$776.00M	$149.00M	-$1.19B
Financing cash flow	-$1.09B	-$1.18B	-$5.00M	-$2.95B	-$3.49B	-$4.30B	-$6.83B	-$5.18B	-$7.72B	-$11.06B
Share buybacks	$1.07B	$1.10B	$2.05B	$2.75B	$3.05B	$3.95B	$6.55B	$4.40B	$9.50B	$11.28B
Stock-based compensation	$349.30M	$454.47M	$610.00M	$788.00M	$909.00M	$1.07B	$1.44B	$1.72B	$1.83B	$1.94B
Depreciation & amortization	$331.54M	$326.00M	$346.00M	$757.00M	$757.00M	$788.00M	$856.00M	$872.00M	$857.00M	$818.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Revenue	$5.05B	$5.18B	$5.31B	$5.41B	$5.61B	$5.71B	$5.87B	$5.99B	$6.19B	$6.40B	$6.62B	$6.76B
Cost of revenue	$634.00M	$590.00M	$598.00M	$554.00M	$616.00M	$622.00M	$638.00M	$642.00M	$649.00M	$664.00M	$715.00M	$763.00M
Gross profit	$4.41B	$4.59B	$4.71B	$4.85B	$4.99B	$5.09B	$5.24B	$5.35B	$5.54B	$5.73B	$5.90B	$6.00B
Operating income	$1.74B	$907.00M	$1.89B	$1.99B	$1.96B	$2.16B	$2.11B	$2.17B	$2.26B	$2.42B	$2.24B	$2.35B
Interest expense	$28.00M	$27.00M	$41.00M	$51.00M	$50.00M	$62.00M	$68.00M	$67.00M	$66.00M	$63.00M	$65.00M	$66.00M
Pre-tax income	$1.81B	$968.00M	$1.93B	$2.04B	$1.99B	$2.18B	$2.10B	$2.19B	$2.26B	$2.42B	$2.24B	$2.36B
Income tax	$325.00M	$348.00M	$357.00M	$358.00M	$308.00M	$371.00M	$410.00M	$415.00M	$408.00M	$533.00M	$526.00M	$530.00M
Net income	$1.48B	$620.00M	$1.57B	$1.68B	$1.68B	$1.81B	$1.69B	$1.77B	$1.86B	$1.89B	$1.71B	$1.83B
EBITDA	$1.97B	$1.12B	$2.10B	$2.21B	$2.17B	$2.38B	$2.32B	$2.38B	$2.44B	$2.59B	$2.43B	$2.57B
EPS (basic)	$3.25	$1.37	$3.50	$3.78	$3.80	$4.15	$3.95	$4.18	$4.45	$4.60	$4.26	$4.63
EPS (diluted)	$3.23	$1.36	$3.49	$3.76	$3.78	$4.14	$3.94	$4.18	$4.44	$4.60	$4.25	$4.62
Diluted shares	-100.00K	456.30M	451.40M	447.60M	-2.10M	437.60M	428.90M	424.10M	-3.20M	410.80M	402.50M	395.50M
Gross margin	87.4%	88.6%	88.7%	89.8%	89.0%	89.1%	89.1%	89.3%	89.5%	89.6%	89.2%	88.7%
Operating margin	34.5%	17.5%	35.5%	36.8%	34.9%	37.9%	35.9%	36.3%	36.5%	37.8%	33.8%	34.8%
Net margin	29.4%	12.0%	29.6%	31.1%	30.0%	31.7%	28.8%	29.6%	30.0%	29.5%	25.9%	27.0%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Cash & equivalents	$7.14B	$6.25B	$7.66B	$7.19B	$7.61B	$6.76B	$4.93B	$4.98B	$5.43B	$6.33B	$4.92B	$4.36B
Short-term investments	$701.00M	$566.00M	$405.00M	$322.00M	$273.00M	$677.00M	$782.00M	$958.00M	$1.16B	$558.00M	$707.00M	$1.28B
Receivables	$2.22B	$2.06B	$1.61B	$1.80B	$2.07B	$1.97B	$1.74B	$2.09B	$2.34B	$2.09B	$1.99B	$2.08B
Total current assets	$11.08B	$10.01B	$11.02B	$10.72B	$11.23B	$10.86B	$8.98B	$9.41B	$10.16B	$10.39B	$9.07B	$9.16B
Goodwill	$12.80B	$12.80B	$12.80B	$12.81B	$12.79B	$12.78B	$12.83B	$12.86B	$12.86B	$12.87B	$14.04B	$14.04B
Total assets	$29.78B	$28.75B	$30.01B	$29.83B	$30.23B	$29.95B	$28.11B	$28.75B	$29.50B	$29.70B	$29.93B	$29.98B
Total current liabilities	$8.25B	$9.54B	$9.47B	$9.64B	$10.52B	$9.16B	$9.04B	$9.24B	$10.20B	$11.39B	$12.08B	$11.89B
Short-term debt	$0	$1.50B	$1.50B	$1.50B	$1.50B	$0	$0	$0	$0	$849.00M	$1.84B	$1.60B
Long-term debt	$3.63B	$2.14B	$4.13B	$4.13B	$4.13B	$6.16B	$6.17B	$6.20B	$6.21B	$5.38B	$4.80B	$4.77B
Total debt	$3.63B	$3.63B	$5.62B	$5.63B	$5.63B	$6.16B	$6.17B	$6.20B	$6.21B	$6.23B	$6.64B	$6.36B
Total liabilities	$13.26B	$13.29B	$15.16B	$15.29B	$16.12B	$16.86B	$16.66B	$16.98B	$17.87B	$18.27B	$18.41B	$18.22B
Shareholders' equity	$16.52B	$15.46B	$14.84B	$14.54B	$14.11B	$13.10B	$11.45B	$11.77B	$11.62B	$11.43B	$11.52B	$11.76B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Operating cash flow	$1.60B	$1.17B	$1.94B	$2.02B	$2.92B	$2.48B	$2.19B	$2.20B	$3.16B	$2.96B	$2.17B	$2.52B
Capital expenditures	$47.00M	$37.00M	$41.00M	$57.00M	$48.00M	$26.00M	$47.00M	$72.00M	$34.00M	$37.00M	$58.00M	$85.00M
Free cash flow	$1.55B	$1.14B	$1.90B	$1.96B	$2.87B	$2.46B	$2.14B	$2.13B	$3.13B	$2.92B	$2.11B	$2.44B
Investing cash flow	$153.00M	$66.00M	$111.00M	-$47.00M	$19.00M	-$484.00M	-$278.00M	-$279.00M	-$146.00M	$474.00M	-$1.71B	-$668.00M
Financing cash flow	-$1.22B	-$2.13B	-$642.00M	-$2.45B	-$2.50B	-$2.84B	-$3.79B	-$1.88B	-$2.56B	-$2.54B	-$1.85B	-$2.42B
Share buybacks	$1.00B	$2.00B	$2.50B	$2.50B	$2.50B	$3.25B	$3.50B	$2.06B	$2.47B	$2.48B	$2.11B	$2.23B
Stock-based compensation	$427.00M	$451.00M	$467.00M	$474.00M	$441.00M	$475.00M	$481.00M	$497.00M	$489.00M	$509.00M	$534.00M	$539.00M
Depreciation & amortization	$222.00M	$212.00M	$214.00M	$213.00M	$218.00M	$217.00M	$209.00M	$208.00M	$184.00M	$174.00M	$193.00M	$215.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.