Financials in USD. Standardized financial statements.
A compact view of how Adobe Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $23.77B | $21.50B | $19.41B | $17.61B | $15.79B | $12.87B | $11.17B | $9.03B | $7.30B | $5.85B |
| Revenue Growth? | +10.5% | +10.8% | +10.2% | +11.5% | +22.7% | +15.2% | +23.7% | +23.7% | +24.7% | 0.0% |
| Cost of Revenue? | $2.71B | $2.36B | $2.35B | $2.17B | $1.86B | $1.72B | $1.67B | $1.19B | $1.01B | $819.91M |
| Gross Profit? | $21.06B | $19.15B | $17.05B | $15.44B | $13.92B | $11.15B | $9.50B | $7.84B | $6.29B | $5.03B |
| Gross Margin? | +88.6% | +89.0% | +87.9% | +87.7% | +88.2% | +86.6% | +85.0% | +86.8% | +86.2% | +86.0% |
| Operating Expenses? | $12.36B | $12.41B | $10.40B | $9.34B | $8.12B | $6.91B | $6.23B | $4.99B | $4.12B | $3.54B |
| Operating Income? | $8.71B | $6.74B | $6.65B | $6.10B | $5.80B | $4.24B | $3.27B | $2.84B | $2.17B | $1.49B |
| EBITDA? | $9.75B | $7.96B | $7.78B | $7.05B | $6.67B | $5.05B | $4.10B | $3.23B | $2.54B | $1.84B |
| Income Before Tax | $8.73B | $6.93B | $6.80B | $6.01B | $5.71B | $4.18B | $3.20B | $2.79B | $2.14B | $1.44B |
| Income Tax Expense | $1.60B | $1.37B | $1.37B | $1.25B | $883.00M | -$1.08B | $253.28M | $203.10M | $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? | $16.73 | $12.44 | $11.88 | $10.13 | $10.10 | $10.94 | $6.07 | $5.28 | $3.43 | $2.35 |
| Diluted EPS? | $16.70 | $12.36 | $11.83 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality