Financial statements

ADOBE INC.

ADBE

The tables show figures ADOBE INC. filed with the SEC, in the currency it filed in (USD). A † marks totals or quarters calculated from filed lines. Nothing here is a forecast. By fiscal year · By quarter · What moved

Latest annual figures

ADOBE INC.: annual revenue and profit

ADOBE INC. reported annual revenue of $23.8bn (USD) for the fiscal year ending 28 Nov 2025.

ADOBE INC. reported annual net income of $7.1bn (USD) for the fiscal year ending 28 Nov 2025.

These are annual figures. The company report's headline twelve-month figures use an available twelve-month window from the filings and are missing when none can be calculated.

Read the ADBE company report · Browse ADBE filings on SEC EDGAR

By fiscal year

Fiscal year	Over the period	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
What it earned
RevenueWhat it sold, before any costs	+306%	$23.8bn	$21.5bn	$19.4bn	$17.6bn	$15.8bn	$12.9bn	$11.2bn	$9.0bn	$7.3bn	$5.9bn
Gross profitWhat was left after the cost of making it	+321%	$21.2bn	$19.1bn	$17.1bn	$15.4bn	$13.9bn	$11.1bn	$9.5bn	$7.8bn	$6.3bn	$5.0bn
Restructuring chargesOne-off costs of closing or reorganising		—	—	—	—	—	—	—	—	—	-$1.5m
Operating profitProfit from the business itself	+483%	$8.7bn	$6.7bn	$6.7bn	$6.1bn	$5.8bn	$4.2bn	$3.3bn	$2.8bn	$2.2bn	$1.5bn
InterestPaid to lenders	+273%	$263.0m	$169.0m	$113.0m	$112.0m	$113.0m	$116.0m	$157.2m	$89.2m	$74.4m	$70.4m
TaxPaid in tax	+502%	$1.6bn	$1.4bn	$1.4bn	$1.3bn	$883.0m	-$1.1bn	$253.3m	$203.1m	$443.7m	$266.4m
Net incomeWhat was left after everything	+510%	$7.1bn	$5.6bn	$5.4bn	$4.8bn	$4.8bn	$5.3bn	$3.0bn	$2.6bn	$1.7bn	$1.2bn
Diluted EPSThat profit, per share	+620%	$16.70	$12.36	$11.82	$10.10	$10.02	$10.83	$6.00	$5.20	$3.38	$2.32
What it owns and owes
Cash & equivalentsCash it can spend today	+437%	$5.4bn	$7.6bn	$7.1bn	$4.2bn	$3.8bn	$4.5bn	$2.7bn	$1.6bn	$2.3bn	$1.0bn
Current assetsWhat it owns that turns to cash within a year	+74%	$10.2bn	$11.2bn	$11.1bn	$9.0bn	$8.7bn	$8.1bn	$6.5bn	$4.9bn	$7.2bn	$5.8bn
Total assetsEverything it owns	+132%	$29.5bn	$30.2bn	$29.8bn	$27.2bn	$27.2bn	$24.3bn	$20.8bn	$18.8bn	$14.5bn	$12.7bn
Current liabilitiesWhat it owes within a year	+263%	$10.2bn	$10.5bn	$8.3bn	$8.1bn	$6.9bn	$5.5bn	$8.2bn	$4.3bn	$3.5bn	$2.8bn
Total liabilitiesEverything it owes	+238%	$17.9bn	$16.1bn	$13.3bn	$13.1bn	$12.4bn	$11.0bn	$10.2bn	$9.4bn	$6.1bn	$5.3bn
Short-term debtBorrowing due within a year	-100%	$0	$1.5bn	—	—	—	—	—	—	—	—
Long-term debtBorrowing due later	+226%	$6.2bn	$4.1bn	$3.6bn	$3.6bn	$4.1bn	$4.1bn	$989.0m	$4.1bn	$1.9bn	$1.9bn
Total debtBoth kinds of borrowing together	+226%	$6.2bn^†	$5.6bn^†	$3.6bn^†	$3.6bn^†	$4.1bn^†	$4.1bn^†	$989.0m^†	$4.1bn^†	$1.9bn^†	$1.9bn^†
Shareholders’ equityWhat would be left for owners if it paid off everything	+57%	$11.6bn	$14.1bn	$16.5bn	$14.1bn	$14.8bn	$13.3bn	$10.5bn	$9.4bn	$8.5bn	$7.4bn
Where the cash went
Cash from operationsCash the business itself brought in	+356%	$10.0bn	$8.1bn	$7.3bn	$7.8bn	$7.2bn	$5.7bn	$4.4bn	$4.0bn	$2.9bn	$2.2bn
Cash from investingCash spent on or raised from investments		-$1.2bn	$149.0m	$776.0m	-$570.0m	-$3.5bn	-$414.0m	-$455.6m	-$4.7bn	-$442.9m	-$960.0m
Cash from financingCash raised from or returned to lenders and owners		-$11.1bn	-$7.7bn	-$5.2bn	-$6.8bn	-$4.3bn	-$3.5bn	-$2.9bn	-$5.6m	-$1.2bn	-$1.1bn
Spending on property & equipmentSpent on property and equipment	-12%	$179.0m	$183.0m	$360.0m	$442.0m	$348.0m	$419.0m	$394.5m	$266.6m	$178.1m	$203.8m
Depreciation & amortisationWear on what it owns, counted as a cost	+147%	$818.0m	$857.0m	$872.0m	$856.0m	$788.0m	$757.0m	$736.7m	$346.5m	$326.0m	$331.5m
Debt raisedBorrowed during the period		$2.0bn	$2.0bn	$0	$0	$0	$3.1bn	$0	$2.2bn	$0	$0
Debt repaidPaid back during the period		$1.5bn	$0	$500.0m	$0	$0	$3.1bn	$0	$0	—	—
AcquisitionsSpent buying other businesses	-65%	$17.0m	$0	$0	$126.0m	$2.7bn	$0	$100.7m	$6.3bn	$459.6m	$48.4m

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately.

By quarter

Quarter ending	Over the period	29 May 2026	27 Feb 2026	28 Nov 2025	29 Aug 2025	30 May 2025	28 Feb 2025	29 Nov 2024	30 Aug 2024	31 May 2024	1 Mar 2024	1 Dec 2023	1 Sept 2023
What it earned
RevenueWhat it sold, before any costs	+35%	$6.6bn	$6.4bn	$6.2bn^†	$6.0bn	$5.9bn	$5.7bn	$5.6bn^†	$5.4bn	$5.3bn	$5.2bn	$5.0bn^†	$4.9bn
Gross profitWhat was left after the cost of making it	+37%	$5.9bn	$5.7bn	$5.5bn^†	$5.3bn	$5.2bn	$5.1bn	$5.0bn^†	$4.9bn	$4.7bn	$4.6bn	$4.4bn^†	$4.3bn
Operating profitProfit from the business itself	+32%	$2.2bn	$2.4bn	$2.3bn^†	$2.2bn	$2.1bn	$2.2bn	$2.0bn^†	$2.0bn	$1.9bn	$907.0m	$1.7bn^†	$1.7bn
InterestPaid to lenders	+141%	$65.0m	$63.0m	$66.0m^†	$67.0m	$68.0m	$62.0m	$50.0m^†	$51.0m	$41.0m	$27.0m	$28.0m^†	$27.0m
TaxPaid in tax	+55%	$526.0m	$533.0m	$408.0m^†	$415.0m	$410.0m	$371.0m	$308.0m^†	$358.0m	$357.0m	$348.0m	$325.0m^†	$340.0m
Net incomeWhat was left after everything	+22%	$1.7bn	$1.9bn	$1.9bn^†	$1.8bn	$1.7bn	$1.8bn	$1.7bn^†	$1.7bn	$1.6bn	$620.0m	$1.5bn^†	$1.4bn
Diluted EPSThat profit, per share	+39%	$4.25	$4.60	$4.44^†	$4.18	$3.94	$4.14	$3.78^†	$3.76	$3.49	$1.36	$3.23^†	$3.05
What it owns and owes
Cash & equivalentsCash it can spend today	-25%	$4.9bn	$6.3bn	$5.4bn	$5.0bn	$4.9bn	$6.8bn	$7.6bn	$7.2bn	$7.7bn	$6.3bn	$7.1bn	$6.6bn
Current assetsWhat it owns that turns to cash within a year	-13%	$9.1bn	$10.4bn	$10.2bn	$9.4bn	$9.0bn	$10.9bn	$11.2bn	$10.7bn	$11.0bn	$10.0bn	$11.1bn	$10.4bn
Total assetsEverything it owns	+3%	$29.9bn	$29.7bn	$29.5bn	$28.8bn	$28.1bn	$30.0bn	$30.2bn	$29.8bn	$30.0bn	$28.8bn	$29.8bn	$29.1bn
Current liabilitiesWhat it owes within a year	+45%	$12.1bn	$11.4bn	$10.2bn	$9.2bn	$9.0bn	$9.2bn	$10.5bn	$9.6bn	$9.5bn	$9.5bn	$8.3bn	$8.3bn
Total liabilitiesEverything it owes	+38%	$18.4bn	$18.3bn	$17.9bn	$17.0bn	$16.7bn	$16.9bn	$16.1bn	$15.3bn	$15.2bn	$13.3bn	$13.3bn	$13.3bn
Short-term debtBorrowing due within a year		—	$850.0m	$0	$0	$0	—	$1.5bn	—	—	—	—	—
Long-term debtBorrowing due later	+32%	$4.8bn	$5.4bn	$6.2bn	$6.2bn	$6.2bn	$6.2bn	$4.1bn	$4.1bn	$4.1bn	$2.1bn	$3.6bn	$3.6bn
Total debtBoth kinds of borrowing together	+32%	$4.8bn^†	$6.2bn^†	$6.2bn^†	$6.2bn^†	$6.2bn^†	$6.2bn^†	$5.6bn^†	$4.1bn^†	$4.1bn^†	$2.1bn^†	$3.6bn^†	$3.6bn^†
Shareholders’ equityWhat would be left for owners if it paid off everything	-27%	$11.5bn	$11.4bn	$11.6bn	$11.8bn	$11.4bn	$13.1bn	$14.1bn	$14.5bn	$14.8bn	$15.5bn	$16.5bn	$15.8bn
Where the cash went
Cash from operationsCash the business itself brought in	+16%	$2.2bn^†	$3.0bn	$3.2bn^†	$2.2bn^†	$2.2bn^†	$2.5bn	$2.9bn^†	$2.0bn^†	$1.9bn^†	$1.2bn	$1.6bn^†	$1.9bn^†
Cash from investingCash spent on or raised from investments	-1282%	-$1.7bn^†	$474.0m	-$146.0m^†	-$279.0m^†	-$278.0m^†	-$484.0m	$19.0m^†	-$47.0m^†	$111.0m^†	$66.0m	$153.0m^†	$145.0m^†
Cash from financingCash raised from or returned to lenders and owners		-$1.9bn^†	-$2.5bn	-$2.6bn^†	-$1.9bn^†	-$3.8bn^†	-$2.8bn	-$2.5bn^†	-$2.5bn^†	-$642.0m^†	-$2.1bn	-$1.2bn^†	-$871.0m^†
Spending on property & equipmentSpent on property and equipment	-36%	$58.0m^†	$37.0m	$34.0m^†	$72.0m^†	$47.0m^†	$26.0m	$48.0m^†	$57.0m^†	$41.0m^†	$37.0m	$47.0m^†	$91.0m^†
Depreciation & amortisationWear on what it owns, counted as a cost	-11%	$193.0m^†	$174.0m	$184.0m^†	$208.0m^†	$209.0m^†	$217.0m	$218.0m^†	$213.0m^†	$214.0m^†	$212.0m	$222.0m^†	$218.0m^†
Debt raisedBorrowed during the period		$493.0m^†	$0	$0^†	$0^†	$0^†	$2.0bn	$0^†	$0^†	$2.0bn^†	$0	$0^†	$0^†
Debt repaidPaid back during the period		$0^†	$0	$0^†	$0^†	$0^†	$1.5bn	$0^†	$0^†	$0^†	$0	$0^†	$0^†
AcquisitionsSpent buying other businesses		—	—	$0^†	$17.0m^†	—	—	$0^†	—	—	—	$0^†	$0^†

† Worked out by us, not filed on its own. Total debt combines filed long-term debt with current debt when reported separately. For other marked lines, the company reports from the start of its year, so the quarter is one running total less the one before it.

What moved

The largest movements in the tables above, with what else moved alongside them. Anything filed near a movement is listed as having been filed near it — that is a date, not a cause.

Revenue rose in each of the last 11 quarters

By the numbersOver the same period: operating profit fell 7.4% to $2.2bn, gross profit rose 2.9% to $5.9bn.

Also filed around then

11 Jun 2026 — departure or appointment of an officer or director
21 Apr 2026 — departure or appointment of an officer or director
12 Mar 2026 — departure or appointment of an officer or director
27 Jan 2026 — departure or appointment of an officer or director

Revenue rose in each of the last 9 fiscal years

By the numbersOver the same period: gross profit rose 10.8% to $21.2bn, operating profit rose 29.1% to $8.7bn.

Also filed around then

24 Apr 2025 — departure or appointment of an officer or director
30 Jan 2025 — departure or appointment of an officer or director
17 Jan 2025 — entry into a material agreement

Total debt rose in each of the last 3 fiscal years

By the numbersOver the same period: cash from operations rose 24.5% to $10.0bn, debt repaid rose to $1.5bn, acquisitions rose to $17.0m, spending on property & equipment fell 2.2% to $179.0m.

Also filed around then

24 Apr 2025 — departure or appointment of an officer or director
30 Jan 2025 — departure or appointment of an officer or director
17 Jan 2025 — entry into a material agreement

Where this came from

Prices: licensed end-of-day data from Tiingo.
Figures: as filed with the SEC (XBRL facts), for the period ending 2026-05-29.
Calculated figures marked †: total debt combines filed long-term debt with current debt when reported separately; some quarters subtract the prior running total from the latest one.
Built 16 Sept 2026. Reports are rebuilt every night while readers are reading them.