Adobe Inc. (ADBE) — Financial statements
Income statement, balance sheet, and cash flow for Adobe Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 23,769↑10.5% | 21,505↑10.8% | 19,409↑10.2% | 17,606↑11.5% | 15,785 | |
| Cost of Revenue | 2,708↑14.8% | 2,358↑0.2% | 2,354↑8.7% | 2,165↑16.1% | 1,865 | |
| Gross Profit | 21,061↑10.0% | 19,147↑12.3% | 17,055↑10.5% | 15,441↑10.9% | 13,920 | |
| Operating Expenses | ||||||
| R&D Expenses | 4,294↑8.9% | 3,944↑13.6% | 3,473↑16.3% | 2,987↑17.6% | 2,540 | |
| General & Administrative Expenses | 1,573↑2.9% | 1,529↑8.2% | 1,413↑15.9% | 1,219↑12.4% | 1,085 | |
| Selling & Marketing Expenses | 6,488↑12.6% | 5,764↑7.7% | 5,351↑7.7% | 4,968↑15.0% | 4,321 | |
| SG&A Expenses | 8,061↑10.5% | 7,293↑7.8% | 6,764↑9.3% | 6,187↑14.4% | 5,406 | |
| Other Expenses | 0.00↓100.0% | 1,169↑595.8% | 168↓0.6% | 169↓1.7% | 172 | |
| Operating Expenses | 12,355↓0.4% | 12,406↑19.2% | 10,405↑11.4% | 9,343↑15.1% | 8,118 | |
| Total Costs & Expenses | 15,063↑2.0% | 14,764↑15.7% | 12,759↑10.9% | 11,508↑15.3% | 9,983 | |
| Operating Results | ||||||
| Operating Income | 8,706↑29.1% | 6,741↑1.4% | 6,650↑9.1% | 6,098↑5.1% | 5,802 | |
| Depreciation & Amortization | 818↓4.6% | 857↓1.7% | 872↓7.1% | 939↑9.1% | 861 | |
| EBITDA | 9,749↑22.5% | 7,957↑2.2% | 7,784↑10.3% | 7,055↑5.7% | 6,675 | |
| EBIT | 8,931↑25.8% | 7,100↑2.7% | 6,912↑13.3% | 6,098↑4.9% | 5,814 | |
| Interest & Other Income | ||||||
| Net Interest Income | -263↓248.6% | 177↑13.5% | 156↑405.9% | -51↑46.9% | -96 | |
| Interest Income | 0.00↓100.0% | 341↑26.8% | 269↑341.0% | 61↑258.8% | 17 | |
| Interest Expense | 263↑60.4% | 164↑45.1% | 113↑0.9% | 112↓0.9% | 113 | |
| Non-Operating Income | -225↑37.3% | -359↓37.0% | -262↓1090.9% | -22↓83.3% | -12 | |
| Other Income / Expenses | 28↓85.3% | 190↑27.5% | 149↑265.6% | -90↑7.2% | -97 | |
| Income Before Tax | 8,734↑26.0% | 6,931↑1.9% | 6,799↑13.2% | 6,008↑5.3% | 5,705 | |
| Income Tax Expense | 1,604↑17.0% | 1,371↑0.0% | 1,371↑9.5% | 1,252↑41.8% | 883 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7,130↑28.2% | 5,560↑2.4% | 5,428↑14.1% | 4,756↓1.4% | 4,822 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7,130↑28.2% | 5,560↑2.4% | 5,428↑14.1% | 4,756↓1.4% | 4,822 | |
| Bottom-Line Net Income | 7,130↑28.2% | 5,560↑2.4% | 5,428↑14.1% | 4,756↓1.4% | 4,822 | |
| EPS (Basic) | 16.73↑34.5% | 12.44↑4.7% | 11.88↑17.3% | 10.13↑0.3% | 10.10 | |
| EPS (Diluted) | 16.70↑35.1% | 12.36↑4.5% | 11.83↑17.1% | 10.10↑0.8% | 10.02 | |
| Weighted Average Shares | 426↓4.7% | 447↓2.2% | 457↓2.8% | 470↓1.5% | 477 | |
| Weighted Average Diluted Shares | 427↓5.1% | 450↓2.0% | 459↓2.5% | 471↓2.1% | 481 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.