
Adobe Income Statement 2025-2006 | ADBE
Brief overview of profit and loss at Adobe
This overview is based on financial performance over the past five years. Revenue reported by Adobe was $12.9 billion at the beginning of the period and $23.8 billion at the end. Overall revenue changed by +84.7%, equal to an annualized rate of about 13.1%. Top-line growth remained consistently strong over the period.
Gross profit changed from 11.1 billion dollars to 21.2 billion dollars (+90.4%). The relationship between sales and direct costs improved over the period. Gross margin moved from 86.6% to 89.3%. The business retained more gross profit from each unit of revenue.
Over the period, EBITDA shifted from 5 billion dollars to 9.5 billion dollars, a change of +90.7%. There was no major divergence between EBITDA and revenue. Comparing the endpoints gives EBITDA margins of 38.8% and 40.1%. EBITDA as a share of revenue remained steady.
Net profit was $5.3 billion at the start and $7.1 billion at the end. The period finished with its strongest net-income result.
Over the period, capitalization shifted from 220 billion dollars to 129 billion dollars (−41.2%). The market has not yet confirmed the improvement in fundamentals.
Financial takeaway
The results present an uneven picture without one dominant signal. The financial profile benefits from revenue expansion, improving gross profitability and net-income growth. The most visible risks are a weaker market valuation. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Adobe
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
129 B | 183 B | 187 B | 160 B | 255 B | 220 B | 161 B | 109 B | 86.5 B | 51.3 B | 47 B | 37.2 B | 29.8 B | 18.3 B | 14.1 B | 16.7 B | 15.4 B | 23.4 B | 26 B | - |
Shares |
426 M | 447 M | 457 M | 470 M | 477 M | 481 M | 486 M | 491 M | 494 M | 498 M | 499 M | 498 M | 501 M | 495 M | 497 M | 519 M | 524 M | 539 M | 584 M | - |
Historical Prices |
304 | 408 | 408 | 341 | 534 | 459 | 351 | 248 | 200 | 113 | 89.1 | 70.1 | 59.2 | 37.8 | 30.9 | 32.1 | 29.4 | 43.5 | 44.5 | 28.7 |
Net Income |
7.13 B | 5.56 B | 5.43 B | 4.76 B | 4.82 B | 5.26 B | 2.95 B | 2.59 B | 1.69 B | 1.17 B | 630 M | 268 M | 290 M | 833 M | 833 M | 775 M | 387 M | 872 M | 724 M | - |
Revenue |
23.8 B | 21.5 B | 19.4 B | 17.6 B | 15.8 B | 12.9 B | 11.2 B | 9.03 B | 7.3 B | 5.85 B | 4.8 B | 4.15 B | 4.06 B | 4.4 B | 4.22 B | 3.8 B | 2.95 B | 3.58 B | 3.16 B | - |
Cost of Revenue |
2.55 B | 2.36 B | 2.35 B | 2.16 B | 1.86 B | 1.72 B | 1.67 B | 1.2 B | 1.01 B | 820 M | 744 M | 622 M | 587 M | 484 M | 438 M | 404 M | 297 M | 363 M | 355 M | - |
Gross Profit |
21.2 B | 19.1 B | 17.1 B | 15.4 B | 13.9 B | 11.1 B | 9.5 B | 7.84 B | 6.29 B | 5.03 B | 4.05 B | 3.52 B | 3.47 B | 3.92 B | 3.78 B | 3.4 B | 2.65 B | 3.22 B | 2.8 B | - |
Operating Income |
8.71 B | 6.74 B | 6.65 B | 6.1 B | 5.8 B | 4.24 B | 3.27 B | 2.84 B | 2.17 B | 1.49 B | 903 M | 413 M | 423 M | 1.18 B | 1.1 B | 993 M | 691 M | 1.03 B | 858 M | - |
Interest Expense |
248 M | 311 M | 113 M | 112 M | 113 M | 116 M | 157 M | 89 M | 74.4 M | 70.4 M | 64.2 M | 59.7 M | 67.5 M | 67.5 M | 67 M | 57 M | 3.41 M | 10 M | 253 K | - |
EBITDA |
9.52 B | 7.6 B | 7.52 B | 6.95 B | 6.59 B | 4.99 B | 4 B | 2.93 B | 2.49 B | 1.83 B | 1.24 B | 727 M | 744 M | 1.23 B | 1.37 B | 1.29 B | 973 M | 1.3 B | 1.17 B | - |
Operating Expenses |
12.5 B | 12.4 B | 10.4 B | 9.34 B | 8.12 B | 6.91 B | 6.23 B | 4.99 B | 4.12 B | 3.54 B | 3.15 B | 3.11 B | 3.05 B | 2.74 B | 2.68 B | 2.4 B | 1.96 B | 2.19 B | 1.95 B | - |
General and Administrative Expenses |
1.57 B | 1.53 B | 1.41 B | 1.22 B | 1.08 B | 968 M | 710 M | 745 M | 625 M | 578 M | 532 M | 544 M | 521 M | 435 M | 414 M | 383 M | 299 M | 337 M | 275 M | - |
All numbers in USD currency
Quarterly Income Statement Adobe
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
402 M | 410 M | 413 M | 424 M | 428 M | 436 M | 441 M | 445 M | 449 M | 453 M | 455 M | 456 M | 458 M | 459 M | 462 M | 468 M | 472 M | 473 M | 475 M | 477 M | 478 M | 479 M | 479 M | 480 M | 482 M | 482 M | 483 M | 486 M | 488 M | 488 M | 488 M | 490 M | 492 M | 492 M | 491 M | 493 M | 494 M | 495 M | 494 M | 499 M | 500 M | 499 M | 498 M | 499 M | 499 M | 499 M | 497 M | 498 M | 498 M | 497 M | 496 M | 504 M | 503 M | 499 M | 494 M | 494 M | 496 M | 494 M | 492 M | 495 M | 500 M | 504 M | 519 M | 526 M | 524 M | 526 M | 524 M |
Net Income |
1.71 B | 1.89 B | - | 1.77 B | 1.69 B | 1.81 B | - | 1.68 B | 1.57 B | 620 M | - | 1.4 B | 1.3 B | 1.25 B | - | 1.14 B | 1.18 B | 1.27 B | - | 1.21 B | 1.12 B | 1.26 B | 2.25 B | 955 M | 1.1 B | 955 M | 852 M | 793 M | 633 M | 674 M | 678 M | 666 M | 663 M | 583 M | 502 M | 420 M | 374 M | 398 M | 400 M | 271 M | 244 M | 254 M | 223 M | 174 M | 147 M | 84.9 M | 88.1 M | 44.7 M | 88.5 M | 47 M | 65.3 M | 83 M | 76.5 M | 65.1 M | 222 M | 201 M | 224 M | 185 M | 174 M | 195 M | 229 M | 235 M | 230 M | 149 M | 127 M | 136 M | 126 M |
Revenue |
6.62 B | 6.4 B | - | 5.99 B | 5.87 B | 5.71 B | - | 5.41 B | 5.31 B | 5.18 B | - | 4.89 B | 4.82 B | 4.66 B | 462 M | 4.43 B | 4.39 B | 4.26 B | - | 3.94 B | 3.84 B | 3.9 B | 3.42 B | 3.22 B | 3.13 B | 3.09 B | 2.99 B | 2.83 B | 2.74 B | 2.6 B | 2.46 B | 2.29 B | 2.2 B | 2.08 B | 2.01 B | 1.84 B | 1.77 B | 1.68 B | 1.61 B | 1.46 B | 1.4 B | 1.38 B | 1.31 B | 1.22 B | 1.16 B | 1.11 B | 1.07 B | 1.01 B | 1.07 B | 1 B | 1.04 B | 995 M | 1.01 B | 1.01 B | 1.15 B | 1.08 B | 1.12 B | 1.05 B | 1.15 B | 1.01 B | 1.02 B | 1.03 B | 990 M | 943 M | 859 M | 698 M | 705 M |
Cost of Revenue |
715 M | 664 M | - | 642 M | 638 M | 622 M | - | 554 M | 598 M | 590 M | - | 580 M | 572 M | 568 M | - | 546 M | 539 M | 512 M | - | 467 M | 444 M | 447 M | 428 M | 427 M | 415 M | 452 M | - | 416 M | 407 M | 397 M | - | 295 M | 281 M | 259 M | - | 263 M | 239 M | 237 M | - | 203 M | 202 M | 199 M | - | 191 M | 185 M | 167 M | - | 158 M | 155 M | 149 M | - | 147 M | 135 M | 157 M | - | 120 M | 131 M | 108 M | - | 105 M | 109 M | 108 M | 99.1 M | 108 M | 89.4 M | 65 M | 72 M |
Gross Profit |
5.9 B | 5.73 B | - | 5.35 B | 5.24 B | 5.09 B | - | 4.85 B | 4.71 B | 4.59 B | - | 4.31 B | 4.24 B | 4.09 B | - | 3.89 B | 3.85 B | 3.75 B | - | 3.47 B | 3.39 B | 3.46 B | 3 B | 2.8 B | 2.71 B | 2.64 B | 2.54 B | 2.42 B | 2.34 B | 2.2 B | 2.11 B | 2 B | 1.91 B | 1.82 B | 1.74 B | 1.58 B | 1.53 B | 1.44 B | 1.39 B | 1.26 B | 1.2 B | 1.18 B | 1.11 B | 1.03 B | 977 M | 942 M | 912 M | 848 M | 913 M | 852 M | 894 M | 848 M | 875 M | 851 M | 1.03 B | 961 M | 994 M | 937 M | 1.04 B | 909 M | 914 M | 920 M | 891 M | 835 M | 769 M | 632 M | 633 M |
Operating Income |
2.24 B | 2.42 B | - | 2.17 B | 2.11 B | 2.16 B | - | 1.99 B | 1.88 B | 907 M | - | 1.7 B | 1.62 B | 1.59 B | - | 1.48 B | 1.53 B | 1.58 B | - | 1.44 B | 1.41 B | 1.45 B | - | 1.07 B | 1.02 B | 937 M | - | 854 M | 750 M | 695 M | - | 719 M | 698 M | 703 M | - | 546 M | 504 M | 469 M | - | 369 M | 344 M | 308 M | - | 246 M | 194 M | 173 M | - | 74.2 M | 135 M | 78.7 M | - | 110 M | 111 M | 98.2 M | - | 278 M | 305 M | 289 M | - | 274 M | 277 M | 302 M | 302 M | 227 M | 177 M | 168 M | 161 M |
Interest Expense |
47 M | 62 M | - | 58 M | 58 M | 75 M | - | 89 M | 82 M | 27 M | - | 67 M | 26 M | 32 M | - | 28 M | 28 M | 28 M | - | 27 M | 28 M | 30 M | - | 28 M | 28 M | 33 M | - | 40 M | 40 M | 41 M | - | 21.1 M | 20.4 M | 19.9 M | - | 18.8 M | 18.3 M | 18.1 M | - | 17.3 M | 17.2 M | 18.5 M | - | 16.5 M | 16.6 M | 14.5 M | - | 13.4 M | 17.1 M | 16.6 M | - | 16.7 M | 17.2 M | 16.8 M | - | 17.3 M | 16.6 M | 16.8 M | - | 16.4 M | 16.7 M | 17 M | 16.4 M | 16.1 M | 7.7 M | 460 K | 620 K |
EBITDA |
2.6 B | 2.59 B | - | 2.25 B | 2.19 B | 2.38 B | - | 2.08 B | 1.97 B | 1.12 B | - | 1.79 B | 1.72 B | 1.8 B | - | 1.58 B | 1.63 B | 1.79 B | - | 2.02 B | 1.8 B | 1.65 B | - | 1.64 B | 1.39 B | 1.12 B | - | 1.42 B | 1.12 B | 881 M | - | 958 M | 851 M | 779 M | - | 790 M | 667 M | 550 M | - | 619 M | 510 M | 389 M | - | 499 M | 359 M | 253 M | - | 310 M | 291 M | 156 M | - | 350 M | 269 M | 175 M | - | 499 M | 452 M | 359 M | - | 471 M | 410 M | 369 M | 519 M | 371 M | 245 M | 365 M | 295 M |
Operating Expenses |
3.66 B | 3.32 B | - | 3.17 B | 3.13 B | 2.93 B | - | 2.86 B | 2.83 B | 3.68 B | - | 2.61 B | 2.62 B | 2.5 B | - | 2.4 B | 2.32 B | 2.17 B | - | 2.03 B | 1.98 B | 2 B | - | 1.73 B | 1.7 B | 1.7 B | - | 1.56 B | 1.59 B | 1.51 B | - | 1.28 B | 1.22 B | 1.12 B | - | 1.03 B | 1.03 B | 975 M | - | 892 M | 852 M | 877 M | - | 781 M | 783 M | 769 M | - | 774 M | 778 M | 773 M | - | 738 M | 764 M | 753 M | - | 683 M | 688 M | 648 M | - | 634 M | 637 M | 618 M | 589 M | 608 M | 592 M | 465 M | 471 M |
General and Administrative Expenses |
546 M | 463 M | - | 408 M | 377 M | 367 M | - | 366 M | 355 M | 352 M | - | 353 M | 357 M | 331 M | - | 319 M | 291 M | 269 M | - | 265 M | 256 M | 290 M | - | 230 M | 224 M | 271 M | - | 219 M | 219 M | 216 M | - | 184 M | 178 M | 170 M | - | 147 M | 157 M | 151 M | - | 143 M | 138 M | 147 M | - | 123 M | 130 M | 145 M | - | 142 M | 129 M | 139 M | - | 128 M | 121 M | 133 M | - | 110 M | 111 M | 103 M | - | 98.5 M | 95.5 M | 101 M | 102 M | 90 M | 91 M | 79.6 M | 70.8 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Adobe (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.