Friday 30 October 2026 Export ADBE’s income statement to Excel — free account

Adobe Inc.

Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024. In the quarter to August 2026, revenue grew 12.9%, EPS grew 10.8%, free cash flow grew 14.7% and total debt rose 2.63%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years; insiders bought in the last twelve months.

250.35 2.23 +0.90%

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Market cap: $96.6B
P/E: 14.0×
Fwd P/E: 14.5×
Dividend yield: —
F-score: 7/9
Altman Z: 8.51
Beneish M: −2.85
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Adobe Inc. (ADBE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Digital Media	17,649	74.25%
Digital Experience	5,864	24.67%
Publishing and Advertising	256	1.08%
Gross margin		89.27%
Operating margin		36.63%
Pre-tax margin		36.75%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021
Subscription	22,904 96.36%	20,521 95.42%	18,284 94.20%	16,388 93.08%	14,573 92.32%
Services and other	540 2.27%	598 2.78%	665 3.43%	686 3.90%	657 4.16%
Product	325 1.37%	386 1.79%	460 2.37%	532 3.02%	555 3.52%
Revenue	23,769	21,505	19,409	17,606	15,785

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021
Subscription	‡	‡	‡	‡	‡
Services and other	‡	‡	‡	‡	‡
Product	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Digital Media	17,649 74.25%	15,864 73.77%	14,216 73.24%	12,842 72.94%	11,520 72.98%	9,233 71.75%	7,707 68.99%	6,325 70.04%	5,011 68.62%	3,941 67.32%	3,095 64.54%	2,603 62.77%	2,626 64.75%	3,102 70.44%	3,070 72.82%	2,834 74.59%	—
Digital Experience	5,864 24.67%	5,366 24.95%	4,893 25.21%	4,422 25.12%	3,867 24.50%	3,125 24.29%	2,795 25.02%	2,073 22.96%	2,030 27.81%	1,631 27.87%	—	—	—	—	—	—	—
Publishing and Advertising	256 1.08%	275 1.28%	300 1.55%	342 1.94%	398 2.52%	510 3.96%	669 5.99%	632 7.00%	261 3.57%	282 4.82%	—	—	—	—	—	—	—
Digital Marketing	—	—	—	—	—	—	—	—	—	—	1,509 31.46%	1,355 32.68%	1,229 30.30%	1,085 24.64%	928 22.00%	739 19.46%	—
Print And Publishing	—	—	—	—	—	—	—	—	—	—	191 3.99%	189 4.55%	200 4.94%	217 4.92%	218 5.18%	226 5.95%	208 7.05%
Creative and Interactive Solutions	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,332 45.20%
Knowledge Worker	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	558 18.93%
Digital Media Solutions	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	495 16.79%
Enterprise	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	298 10.11%
Omniture	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	56 1.92%
Revenue	23,769	21,505	19,409	17,606	15,785	12,868	11,171	9,030	7,302	5,854	4,796	4,147	4,055	4,404	4,216	3,800	2,946

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Digital Experience	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digital Media	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Publishing and Advertising	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digital Marketing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Print And Publishing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Creative and Interactive Solutions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Enterprise	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digital Media Solutions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Omniture	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Knowledge Worker	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	12,529 52.71%	11,499 53.47%	10,460 53.89%	9,217 52.35%	8,104 51.34%	6,745 52.42%	5,903 52.84%	3,831 52.47%	3,088 52.74%	2,548 53.13%	2,115 51.00%	1,935 47.73%	1,970 44.73%	1,823 43.24%
EMEA	6,289 26.46%	5,554 25.83%	4,881 25.15%	4,593 26.09%	4,252 26.94%	3,400 26.42%	2,975 26.63%	1,985 27.19%	1,619 27.66%	1,336 27.87%	1,180 28.45%	1,129 27.84%	1,295 29.40%	1,317 31.25%
Other	1,591 6.69%	1,392 6.47%	1,194 6.15%	1,034 5.87%	892 5.65%	709 5.51%	603 5.40%	386 5.28%	312 5.34%	240 5.01%	199 4.80%	199 4.91%	226 5.14%	221 5.25%
Other Asia	—	—	—	—	—	—	—	576 7.88%	434 7.41%	323 6.74%	287 6.93%	320 7.88%	382 8.67%	337 7.99%
Japan	—	—	—	—	—	—	—	524 7.18%	401 6.85%	348 7.25%	366 8.82%	472 11.64%	531 12.06%	517 12.27%
Americas	14,120	12,891	11,654	10,251	8,996	7,454	6,506	4,217	3,400	2,788	2,314	2,134	2,196	2,045
APAC	—	—	—	—	—	—	—	1,100	835	671	653	792	913	854
Revenue	23,769	21,505	19,409	17,606	15,785	12,868	11,171	7,302	5,854	4,796	4,147	4,055	4,404	4,216

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Current Remaining Performance Obligations	Q3 FY2026	67.0%	67.0%	—
Digital Media ARR	Q4 FY2025	$19.2B	$17.3B	+10.79%
Remaining performance obligations	Q3 FY2026	$22.2B	$20.4B	+8.41%
Total Adobe Annualized Recurring Revenue	Q3 FY2026	$27.5B	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
Current Remaining Performance Obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Digital Media ARR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Adobe Annualized Recurring Revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.