Adobe Inc. Income Statement
ADBE / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$23.8B
FY2025
Gross Profit
$21.2B
89.3% gross margin
Operating Income
$8.7B
FY2025
Net Income
$7.1B
FY2025
Adobe Inc. reported $23.8B in revenue and $7.1B in net income for FY2025. Revenue has grown at a 13.1% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Cash-backed earnings: Operating cash flow exceeds net income
- Profit margin: 30.0% of revenue retained as profit
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.8B | $21.5B | $19.4B | $17.6B | $15.8B | $9.0B | $11.2B | $9.0B | $7.3B | $5.9B | $4.8B | $4.1B | $4.1B | $4.4B | $4.2B |
| Cost of Revenue | $2.6B | $2.4B | $2.4B | $2.2B | $1.9B | $1.2B | $1.7B | $1.2B | $1.0B | $819.9M | $744.3M | $622.1M | $586.6M | $483.8M | $437.9M |
| Gross Profit | $21.2B | $19.1B | $17.1B | $15.4B | $13.9B | $7.8B | $9.5B | $7.8B | $6.3B | $5.0B | $4.1B | $3.5B | $3.5B | $3.9B | $3.8B |
| SG&A Expense | $1.6B | $1.5B | $1.4B | $1.2B | $1.1B | $745.0M | $881.0M | $745.0M | $624.7M | $576.2M | $533.5M | $543.3M | $520.1M | $435.0M | $414.6M |
| Operating Income | $8.7B | $6.7B | $6.7B | $6.1B | $5.8B | $2.8B | $3.3B | $2.8B | $2.2B | $1.5B | $903.1M | $412.7M | $422.7M | $1.2B | $1.1B |
| Interest Expense | - | - | $113.0M | $112.0M | $113.0M | $89.0M | $157.0M | $89.0M | $74.4M | $70.4M | $64.2M | $59.7M | $67.5M | $67.5M | $67.0M |
| Income Tax | $1.6B | $1.4B | $1.4B | $1.3B | $883.0M | $203.0M | $254.0M | $203.0M | $443.7M | $266.4M | $244.2M | $93.0M | $66.2M | $286.0M | $202.4M |
| Net Income | $7.1B | $5.6B | $5.4B | $4.8B | $4.8B | $2.6B | $3.0B | $2.6B | $1.7B | $1.2B | $629.6M | $268.4M | $290.0M | $832.8M | $832.8M |
| EPS (Basic) | $16.73 | $12.43 | $11.87 | $10.13 | $10.10 | $5.28 | $3.43 | $5.28 | $1.26 | $0.54 | $1.26 | $0.54 | $0.58 | $1.49 | $1.67 |
| EPS (Diluted) | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $5.20 | $3.38 | $5.20 | $1.24 | $0.53 | $1.24 | $0.53 | $0.56 | $1.47 | $1.65 |
| Shares Outstanding | 413.0M | 441.0M | 455.0M | 462.0M | 475.0M | 483.0M | 487.7M | 487.7M | 494.3M | 497.8M | 497.8M | 497.5M | 496.3M | 491.5M | 491.5M |
| Gross Margin | 89.3% | 89.0% | 87.9% | 87.7% | 88.2% | 86.8% | 85.0% | 86.8% | 86.2% | 86.0% | 84.5% | 85.0% | 85.5% | 89.0% | 89.6% |
| Operating Margin | 36.6% | 31.4% | 34.3% | 34.6% | 36.8% | 31.4% | 29.3% | 31.4% | 29.7% | 25.5% | 18.8% | 10.0% | 10.4% | 26.8% | 26.1% |
| Profit Margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.6% | 28.7% | 26.4% | 28.7% | 23.2% | 20.0% | 13.1% | 6.5% | 7.1% | 18.9% | 19.8% |