Adobe financials
$233.17+0.94%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Nov 28 | FY24 Nov 29 | FY23 Dec 1 | FY22 Dec 2 | FY21 Dec 3 | FY20 Nov 27 | FY19 Nov 29 | FY18 Nov 30 | FY17 Dec 1 | FY16 Dec 2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.77B | $21.50B | $19.41B | $17.61B | $15.79B | $12.87B | $11.17B | $9.03B | $7.30B | $5.85B |
| Gross profit | $21.22B | $19.15B | $17.05B | $15.44B | $13.92B | $11.15B | $9.50B | $7.83B | $6.29B | $5.03B |
| Gross margin | 89.3% | 89.0% | 87.9% | 87.7% | 88.2% | 86.6% | 85.0% | 86.8% | 86.2% | 86.0% |
| Operating income | $8.71B | $6.74B | $6.65B | $6.10B | $5.80B | $4.24B | $3.27B | $2.84B | $2.17B | $1.49B |
| Net income | $7.13B | $5.56B | $5.43B | $4.76B | $4.82B | $5.26B | $2.95B | $2.59B | $1.69B | $1.17B |
| Net margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.5% | 40.9% | 26.4% | 28.7% | 23.2% | 20.0% |
| Diluted EPS | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 |
| EBITDA | $9.52B | $8.60B | $7.52B | $6.95B | $6.59B | $4.99B | $4.03B | $3.19B | $2.49B | $1.83B |
| Operating cash flow | $10.03B | $8.06B | $7.30B | $7.84B | $7.23B | $5.73B | $4.42B | $4.03B | $2.91B | $2.20B |
| Free cash flow | $9.85B | $7.87B | $6.94B | $7.40B | $6.88B | $5.31B | $4.03B | $3.76B | $2.73B | $2.00B |
| Diluted shares | 427.0M | 449.7M | 459.1M | 470.9M | 481.0M | 485.5M | 491.6M | 497.8M | 501.1M | 504.3M |
Balance sheet
| Period end | Nov 28 | Nov 29 | Dec 1 | Dec 2 | Dec 3 | Nov 27 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.43B | $7.61B | $7.14B | $4.24B | $3.84B | $4.48B |
| Short-term investments | $1.16B | $273.0M | $701.0M | $1.86B | $1.95B | $1.51B |
| Total debt | $6.21B | $5.63B | $3.63B | $4.13B | $4.12B | $4.12B |
| Total assets | $29.50B | $30.23B | $29.78B | $27.16B | $27.24B | $24.28B |
| Total liabilities | $17.87B | $16.13B | $13.26B | $13.11B | $12.44B | $11.02B |
| Shareholders' equity | $11.62B | $14.11B | $16.52B | $14.05B | $14.80B | $13.26B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology