Financials · ADBE

Adobe Inc. (ADBE) financials

For the twelve months ended Aug 28, 2026, Adobe Inc. reported $25.97B of revenue and $7.28B of net income.

Revenue, TTM
$25.97B
Revenue growth, YoY
+12.0%
Net income, TTM
$7.28B
Net income growth, YoY
+4.7%
Net margin
28.0%
Free cash flow, TTM
$10.59B
EPS, diluted, TTM
$17.91
EPS growth, YoY
+11.9%
Cash
$4.36B
Total debt
$4.77B
P/E
12.68
P/S
3.56
Market cap
$92.36B
Annual revenue$23.77B
FY2016FY2025
Annual net income$7.13B
FY2016FY2025
Annual free cash flow$9.85B
FY2016FY2025

ADBE revenue and earnings growth

ADBE revenueQ3 2026$6.76B

Quarter YoY
+12.9%
QoQ
+2.1%
FY YoY
+10.5%
5Y CAGR
+13.1%
10Y CAGR
+17.4%

ADBE revenue was $6.76B in fiscal Q3 2026 (ended Aug 28, 2026), up 12.9% from a year earlier and up 2.1% from the prior quarter. For the full fiscal 2025 it was $23.77B, up 10.5% from fiscal 2024. Compound annual growth was +13.1% over 5 years and +17.4% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ADBE net incomeQ3 2026$1.83B

Quarter YoY
+3.1%
QoQ
+6.7%
FY YoY
+28.2%
5Y CAGR
+6.3%
10Y CAGR
+27.5%

ADBE net income was $1.83B in fiscal Q3 2026 (ended Aug 28, 2026), up 3.1% from a year earlier and up 6.7% from the prior quarter. For the full fiscal 2025 it was $7.13B, up 28.2% from fiscal 2024. Compound annual growth was +6.3% over 5 years and +27.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ADBE EPSQ3 2026$4.62

Quarter YoY
+10.5%
QoQ
+8.7%
FY YoY
+35.1%
5Y CAGR
+9.0%
10Y CAGR
+29.7%

ADBE diluted EPS was $4.62 in fiscal Q3 2026 (ended Aug 28, 2026), up 10.5% from a year earlier and up 8.7% from the prior quarter. For the full fiscal 2025 it was $16.70, up 35.1% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +29.7% over 10 years.

ADBE free cash flowQ3 2026$2.44B

Quarter YoY
+14.7%
QoQ
+15.7%
FY YoY
+25.1%
5Y CAGR
+13.2%
10Y CAGR
+22.6%

ADBE free cash flow was $2.44B in fiscal Q3 2026 (ended Aug 28, 2026), up 14.7% from a year earlier and up 15.7% from the prior quarter. For the full fiscal 2025 it was $9.85B, up 25.1% from fiscal 2024. Compound annual growth was +13.2% over 5 years and +22.6% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Nov 28, 2025
Nov 29, 2024
Dec 1, 2023
Dec 2, 2022
Dec 3, 2021
Nov 27, 2020
Nov 29, 2019
Nov 30, 2018
Dec 1, 2017
Dec 2, 2016
Revenue$23.77B$21.50B$19.41B$17.61B$15.79B$12.87B$11.17B$9.03B$7.30B$5.85B
Cost of revenue$2.55B$2.36B$2.35B$2.17B$1.86B$1.72B$1.67B$1.20B$1.01B$819.91M
Gross profit$21.22B$19.15B$17.05B$15.44B$13.92B$11.15B$9.50B$7.83B$6.29B$5.03B
Selling, general and admin$1.57B$1.53B$1.41B$1.22B$1.08B$968.00M$881.00M$745.00M$624.71M$576.20M
Operating income$8.71B$6.74B$6.65B$6.10B$5.80B$4.24B$3.27B$2.84B$2.17B$1.49B
Interest expense$263.00M$169.00M$113.00M$112.00M$113.00M$116.00M$157.00M$89.00M$74.40M$70.44M
Pre-tax income$8.73B$6.93B$6.80B$6.01B$5.71B$4.18B$3.21B$2.79B$2.14B$1.44B
Income tax$1.60B$1.37B$1.37B$1.25B$883.00M-$1.08B$254.00M$203.00M$443.69M$266.36M
Net income$7.13B$5.56B$5.43B$4.76B$4.82B$5.26B$2.95B$2.59B$1.69B$1.17B
EPS, basic$16.73$12.43$11.87$10.13$10.10$10.94$6.07$5.28$3.43$2.35
EPS, diluted$16.70$12.36$11.82$10.10$10.02$10.83$6.00$5.20$3.38$2.32
Diluted shares427.0M449.7M459.1M470.9M481.0M485.5M491.6M497.8M501.1M504.3M

Balance sheet

Balance sheet
Line item
Nov 28, 2025
Nov 29, 2024
Dec 1, 2023
Dec 2, 2022
Dec 3, 2021
Nov 27, 2020
Nov 29, 2019
Nov 30, 2018
Dec 1, 2017
Dec 2, 2016
Cash and equivalents$5.43B$7.61B$7.14B$4.24B$3.84B$4.48B$2.65B$1.64B$2.31B$1.01B
Short-term investments$1.16B$273.00M$701.00M$1.86B$1.95B$1.51B$1.53B$1.59B$3.51B$3.75B
Receivables$2.34B$2.07B$2.22B$2.06B$1.88B$1.40B$1.53B$1.32B$1.22B$833.03M
Current assets$10.16B$11.23B$11.08B$9.00B$8.67B$8.15B$6.50B$4.86B$7.25B$5.84B
Goodwill$12.86B$12.79B$12.80B$12.79B$12.67B$10.74B$10.69B$10.58B$5.82B$5.41B
Total assets$29.50B$30.23B$29.78B$27.16B$27.24B$24.28B$20.76B$18.77B$14.54B$12.70B
Current liabilities$10.20B$10.52B$8.25B$8.13B$6.93B$5.51B$8.19B$4.30B$3.53B$2.81B
Short-term debt$0$1.50B$0$500.00M$0$0$3.15B$0--
Long-term debt----$4.12B$4.12B$989.00M$4.12B$1.88B$1.89B
Total debt$6.21B$4.13B$3.63B$3.63B$4.12B$4.12B$4.14B$4.12B$1.88B$1.89B
Total liabilities$17.87B$16.13B$13.26B$13.11B$12.44B$11.02B$10.23B$9.41B$6.08B$5.27B
Shareholders' equity$11.62B$14.11B$16.52B$14.05B$14.80B$13.26B$10.53B$9.36B$8.46B$7.42B

Cash flow

Cash flow
Line item
Nov 28, 2025
Nov 29, 2024
Dec 1, 2023
Dec 2, 2022
Dec 3, 2021
Nov 27, 2020
Nov 29, 2019
Nov 30, 2018
Dec 1, 2017
Dec 2, 2016
Operating cash flow$10.03B$8.06B$7.30B$7.84B$7.23B$5.73B$4.42B$4.03B$2.91B$2.20B
Capital expenditures$179.00M$183.00M$360.00M$442.00M$348.00M$419.00M$395.00M$267.00M$178.12M$203.81M
Free cash flow$9.85B$7.87B$6.94B$7.40B$6.88B$5.31B$4.03B$3.76B$2.73B$2.00B
Investing cash flow-$1.19B$149.00M$776.00M-$570.00M-$3.54B-$414.00M-$456.00M-$4.68B-$442.88M-$960.03M
Financing cash flow-$11.06B-$7.72B-$5.18B-$6.83B-$4.30B-$3.49B-$2.95B-$5.00M-$1.18B-$1.09B
Share repurchases$11.28B$9.50B$4.40B$6.55B$3.95B$3.05B$2.75B$2.05B$1.10B$1.07B
Stock-based compensation$1.94B$1.83B$1.72B$1.44B$1.07B$909.00M$788.00M$610.00M$454.47M$349.30M
Depreciation and amortization$818.00M$857.00M$872.00M$856.00M$788.00M$757.00M$757.00M$346.00M$326.00M$331.54M

Key ratios

Key ratios
Line item
Nov 28, 2025
Nov 29, 2024
Dec 1, 2023
Dec 2, 2022
Dec 3, 2021
Nov 27, 2020
Nov 29, 2019
Nov 30, 2018
Dec 1, 2017
Dec 2, 2016
Revenue growth, YoY10.5%10.8%10.2%11.5%22.7%15.2%23.7%23.7%24.7%22.1%
Net income growth, YoY28.2%2.4%14.1%-1.4%-8.3%78.2%13.9%53.0%44.9%85.7%
EPS growth, YoY35.1%4.6%17.0%0.8%-7.5%80.5%15.4%53.8%45.7%87.1%
Gross margin89.3%89.0%87.9%87.7%88.2%86.6%85.0%86.8%86.2%86.0%
Operating margin36.6%31.3%34.3%34.6%36.8%32.9%29.3%31.5%29.7%25.5%
Net margin30.0%25.9%28.0%27.0%30.5%40.9%26.4%28.7%23.2%20.0%
Free cash flow margin41.4%36.6%35.8%42.0%43.6%41.2%36.0%41.7%37.5%34.1%
Return on equity61.3%39.4%32.9%33.8%32.6%39.7%28.0%27.7%20.0%15.7%
Return on assets24.2%18.4%18.2%17.5%17.7%21.7%14.2%13.8%11.7%9.2%
Current ratio1.001.071.341.111.251.480.791.132.052.08
Debt to equity0.530.290.220.260.280.310.390.440.220.25

Source: XBRL data Adobe Inc. files with the SEC, latest filing dated Sep 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ADBE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ADBE$25.97B+12.0%$7.28B28.0%$92.36B
MSFT$346.44B+17.9%$142.63B41.2%$4.05T
CRM$43.94B+11.2%$9.66B22.0%$176.90B
ADSK$7.79B+17.9%$1.64B21.1%$55.04B
FIG$1.40B+44.4%-$562.46M-40.2%$10.39B
ORCL$71.78B+21.6%$18.92B26.4%$362.21B
WDAY$10.15B+13.3%$1.25B12.3%$45.84B
HUBS$3.59B+20.1%$213.29M5.9%$10.06B

ADBE FAQ

9 questions
  • What is ADBE revenue?
    Adobe Inc. (ADBE) reported $25.97B of revenue for the twelve months ended Aug 28, 2026. That is up 12.0% from the year before. Revenue for fiscal 2025 was $23.77B.
  • Is ADBE profitable?
    Yes. Adobe Inc. earned $7.28B in net income for the twelve months ended Aug 28, 2026, a net margin of 28.0%.
  • How much cash and debt does ADBE have?
    Adobe Inc. reported $4.36B in cash and cash equivalents and $4.77B of debt on its most recent balance sheet in SEC filings.
  • How fast is ADBE revenue growing?
    Adobe Inc.'s revenue changed +10.5% in fiscal 2025, to $23.77B. Its compound annual growth rate was +13.1% over 5 years and +17.4% over 10 years.
  • What is ADBE gross margin?
    Adobe Inc.'s gross profit was $23.18B on $25.97B of revenue for the twelve months ended Aug 28, 2026, a gross margin of 89.3%.
  • What is ADBE free cash flow?
    Adobe Inc. generated $10.59B of free cash flow for the twelve months ended Aug 28, 2026, which is operating cash flow of $10.81B less capital expenditures.
  • What is ADBE earnings per share?
    Diluted earnings per share were $17.91 for the twelve months ended Aug 28, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ADBE last report financial results?
    The latest statements here come from Adobe Inc.'s 10-Q filed on Sep 22, 2026, covering the period ended Aug 28, 2026.
  • Where does this ADBE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Adobe Inc. files with the SEC. It is provided for information only and is not investment advice.