Adobe Inc.

ADBENASDAQ

$271.19

Last price · USD

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Adobe Inc. income statement

Annual · USD millions except per-share data · 28 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	23,769	21,505	19,409	17,606	15,785	+10.8%
Cost of revenue	2,708	2,358	2,354	2,165	1,865	+9.8%
Gross profit	21,061	19,147	17,055	15,441	13,920	+10.9%
Operating expenses & income
Research & development	4,294	3,944	3,473	2,987	2,540	+14.0%
General & administrative	1,573	1,529	1,413	1,219	1,085	+9.7%
Selling & marketing	6,488	5,764	5,351	4,968	4,321	+10.7%
SG&A (combined)	8,061	7,293	6,764	6,187	5,406	+10.5%
Total operating expenses	12,355	12,406	10,405	9,343	8,118	+11.1%
Cost and expenses	15,063	14,764	12,759	11,508	9,983	+10.8%
Operating income	8,706	6,741	6,650	6,098	5,802	+10.7%
Non-operating & other
Interest income	0	341	269	61	17	—
Interest expense	263	164	113	112	113	+23.5%
Net interest income	(263)	177	156	(51)	(96)	—
Non-operating income (excl. interest)	(225)	(359)	(262)	(22)	(12)	—
Other expenses	0	1,169	168	169	172	—
Total other income (expenses), net	28	190	149	(90)	(97)	—
Profitability
Depreciation & amortization	818	857	872	939	861	-1.3%
Income before tax	8,734	6,931	6,799	6,008	5,705	+11.2%
Income tax expense	1,604	1,371	1,371	1,252	883	+16.1%
Net income from continuing operations	7,130	5,560	5,428	4,756	4,822	+10.3%
Net income	7,130	5,560	5,428	4,756	4,822	+10.3%
Bottom line net income	7,130	5,560	5,428	4,756	4,822	+10.3%
Additional fields
Ebit	8,931	7,100	6,912	6,098	5,814	+11.3%
Ebitda	9,749	7,957	7,784	7,055	6,675	+9.9%
Eps	$16.73	$12.44	$11.88	$10.13	$10.10	+13.4%
Eps Diluted	$16.70	$12.36	$11.83	$10.10	$10.02	+13.6%
Weighted Average Shs Out	426	447	457	470	477	-2.8%
Weighted Average Shs Out Dil	427	450	459	471	481	-2.9%