Adobe Inc. income statement

In fiscal 2025, Adobe Inc. reported revenue of $23.77bn, up 10.5% on the year before, operating income of $8.71bn (a 36.6% margin) and net income of $7.13bn, or $16.70 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Adobe Inc.: income statement, annual
Fiscal year	2009Nov 2009	2010Dec 2010	2011Dec 2011	2012Nov 2012	2013Nov 2013	2014Nov 2014	2015Nov 2015	2016Dec 2016	2017Dec 2017	2018Nov 2018	2019Nov 2019	2020Nov 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Nov 2024	2025Nov 2025	LTMAug 2026
Revenue	2.9	3.8	4.2	4.4	4.1	4.1	4.8	5.9	7.3	9.0	11.2	12.9	15.8	17.6	19.4	21.5	23.8	26.0
Cost of revenue	0.3	0.4	0.4	0.5	0.6	0.6	0.7	0.8	1.0	1.2	1.7	1.7	1.9	2.2	2.4	2.4	2.6	2.8
Gross profit	2.6	3.4	3.8	3.9	3.5	3.5	4.1	5.0	6.3	7.8	9.5	11.1	13.9	15.4	17.1	19.1	21.2	23.2
Research and development	0.6	0.7	0.7	0.7	0.8	0.8	0.9	1.0	1.2	1.5	1.9	2.2	2.5	3.0	3.5	3.9	4.3	4.7
Selling and marketing	1.0	1.2	1.4	1.5	1.6	1.7	1.7	1.9	2.2	2.6	3.2	3.6	4.3	5.0	5.4	5.8	6.5	7.1
General and administrative	0.3	0.4	0.4	0.4	0.5	0.5	0.5	0.6	0.6	0.7	0.9	1.0	1.1	1.2	1.4	1.5	1.6	1.9
Operating income	0.7	1.0	1.1	1.2	0.4	0.4	0.9	1.5	2.2	2.8	3.3	4.2	5.8	6.1	6.7	6.7	8.7	9.3
Interest expense	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.2	0.3	0.3
Income before tax	0.7	0.9	1.0	1.1	0.4	0.4	0.9	1.4	2.1	2.8	3.2	4.2	5.7	6.0	6.8	6.9	8.7	9.3
Income tax	0.3	0.2	0.2	0.3	0.1	0.1	0.2	0.3	0.4	0.2	0.3	−1.1	0.9	1.3	1.4	1.4	1.6	2.0
Net income	0.4	0.8	0.8	0.8	0.3	0.3	0.6	1.2	1.7	2.6	3.0	5.3	4.8	4.8	5.4	5.6	7.1	7.3
Diluted EPS	$0.73	$1.47	$1.65	$1.66	$0.56	$0.53	$1.24	$2.32	$3.38	$5.20	$6.00	$10.83	$10.02	$10.10	$11.82	$12.36	$16.70	$17.92
Diluted shares (average)	531m	526m	504m	503m	513m	508m	507m	504m	501m	498m	492m	486m	481m	471m	459m	450m	427m	407m
EBITDA	1.0	1.3	1.4	1.5	0.7	0.7	1.2	1.8	2.5	3.2	4.0	5.0	6.6	7.0	7.5	7.6	9.5	10.0

US$ millions unless shown otherwise. Fiscal quarters.

Adobe Inc.: income statement, quarterly
Quarter	2024 Q4Nov 2024	2025 Q1Feb 2025	2025 Q2May 2025	2025 Q3Aug 2025	2025 Q4Nov 2025	2026 Q1Feb 2026	2026 Q2May 2026	2026 Q3Aug 2026
Revenue	5,606	5,714	5,873	5,988	6,194	6,398	6,618	6,760
Cost of revenue	616	622	638	642	649	664	715	763
Gross profit	4,990	5,092	5,235	5,346	5,545	5,734	5,903	5,997
Research and development	999	1,026	1,082	1,088	1,098	1,110	1,198	1,288
Selling and marketing	1,536	1,495	1,626	1,639	1,728	1,708	1,884	1,827
General and administrative	456	367	377	408	421	463	546	488
Operating income	1,957	2,163	2,109	2,173	2,261	2,418	2,238	2,354
Interest expense	50	62	68	67	66	63	65	66
Income before tax	1,991	2,182	2,101	2,187	2,264	2,422	2,238	2,357
Income tax	308	371	410	415	408	533	526	530
Net income	1,683	1,811	1,691	1,772	1,856	1,889	1,712	1,827
Diluted EPS	$3.78	$4.14	$3.94	$4.18	$4.44	$4.60	$4.25	$4.62
EBITDA	2,175	2,380	2,318	2,381	2,445	2,592	2,431	2,569

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Adobe Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Adobe Inc.