Adobe (ADBE) financial statements

+652.7%since 2007
FY2025 revenue
$23.8B▲ +10.5%
FY2025 net income
$7.1B▲ +28.2%
FY2025 diluted EPS
$16.70▲ +35.1%
FY2025 free cash flow
$9.9B▲ +25.1%

Adobe income statement

Adobe income statement
USD millionsFY2025FY2024FY2023
Period ended28 Nov 202529 Nov 20241 Dec 2023
Revenue23,76921,50519,409
Gross profit21,21819,14717,055
Operating income8,7066,7416,650
Pretax income8,7346,9316,799
Net income7,1305,5605,428
Diluted earnings per share16.7012.3611.82

Adobe balance sheet

Adobe balance sheet
USD millionsFY2025FY2024FY2023
Period ended28 Nov 202529 Nov 20241 Dec 2023
Cash and cash equivalents5,4317,6137,141
Total assets29,49630,23029,779
Total liabilities17,87316,12513,261
Total equity11,62314,10516,518

Adobe cash flow statement

Adobe cash flow statement
USD millionsFY2025FY2024FY2023
Period ended28 Nov 202529 Nov 20241 Dec 2023
Operating cash flow10,0318,0567,302
Capital expenditure-179-183-360
Free cash flow (derived)9,8527,8736,942
Share repurchases-11,281-9,500-4,400

Quarterly highlights

Quarterly highlights
USD millionsQ3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025
Period ended28 Aug 202629 May 202627 Feb 202628 Nov 2025
Revenue (derived)6,7606,6186,3986,194
Operating income (derived)2,3542,2382,4182,261
Net income (derived)1,8271,7121,8891,856
Diluted earnings per share4.624.254.60n/a
Operating cash flow (derived)2,5232,1652,9583,160
Total assets29,98129,93329,70429,496

Adobe major shareholders

Adobe major shareholders
HolderShare of classSharesFiled
BlackRock, Inc.9.4%37,230,15528 July 2026
Vanguard Capital Management7.6%30,765,19730 April 2026
STATE STREET CORPORATION5.2%20,538,5207 August 2026

Adobe 10-K and SEC filings

Adobe 10-K and SEC filings
FiledFormTypeDescription
22 September 202610-QQuarterly reportQuarterly report
10 September 20268-KCurrent reportCurrent report
8 September 20268-KCurrent reportCurrent report
17 July 20268-KCurrent reportCurrent report
15 June 202610-QQuarterly reportQuarterly report
11 June 20268-KCurrent reportCurrent report
21 April 20268-KCurrent reportCurrent report
25 March 202610-QQuarterly reportQuarterly report

Common questions

What was Adobe's revenue in fiscal 2025?

Adobe reported $23.8 billion in revenue for fiscal 2025, the year ended 28 November 2025, up 10.5% from fiscal 2024.

What was Adobe's net income in fiscal 2025?

Adobe reported net income of $7.1 billion for fiscal 2025, the year ended 28 November 2025, up 28.2% from fiscal 2024. Diluted earnings per share were $16.70.

What was Adobe's free cash flow in fiscal 2025?

Adobe had $9.9 billion in free cash flow in fiscal 2025. Operating cash flow was $10.0 billion and capital expenditure was $179 million.

What were Adobe's total assets at the end of fiscal 2025?

Adobe reported total assets of $29.5 billion at the end of fiscal 2025, the year ended 28 November 2025.

How much Adobe history do I get?

Every account gets the full history, annual and quarterly, with first reported values and as of dates.