Adobe Inc. (ADBE)
Technology · Software - Application · NasdaqGS
Adobe Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.85B | $7.30B | $9.03B | $11.17B | $12.87B | $15.79B | $17.61B | $19.41B | $21.50B | $23.77B |
| Gross profit | $5.03B | $6.29B | $7.83B | $9.50B | $11.15B | $13.92B | $15.44B | $17.05B | $19.15B | $21.22B |
| Net income | $1.17B | $1.69B | $2.59B | $2.95B | $5.26B | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B |
| Net margin | 20.0% | 23.2% | 28.7% | 26.4% | 40.9% | 30.5% | 27.0% | 28.0% | 25.9% | 30.0% |
Source: Adobe Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into ADBE stock?
At today's market cap of $96.15B, Adobe Inc. is priced for free-cash-flow growth of about -2.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $9.85B from the FY ending 2025-11-30). For comparison, free cash flow actually grew 13.2%/yr over the last five fiscal years and revenue 13.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Adobe Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Adobe Inc. financial history by metric
About Adobe Inc.
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.
Adobe Inc. — frequently asked questions
What is Adobe Inc.'s revenue?
Adobe Inc. (ADBE) reported revenue of $23.77B for fiscal year 2025, up 10.5% from the prior year, according to its SEC filings.
Is Adobe Inc. profitable?
Yes. ADBE earned net income of $7.13B in fiscal 2025, a net margin of 30.0%.
What is ADBE's P/E ratio?
Adobe Inc. trades at a price-to-earnings ratio of about 13.9 based on the latest data in our nightly-refreshed cache.
How fast is Adobe Inc. growing?
ADBE's revenue grew at roughly 13.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Adobe Inc. have?
As of fiscal year 2025, ADBE carried roughly $6.21B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Adobe Inc.'s gross margin?
ADBE's gross margin was 89.3% in fiscal 2025 — gross profit of $21.22B on revenue of $23.77B.
What is Adobe Inc.'s market cap?
Adobe Inc. (ADBE) has a market capitalization of about $96.15B, based on the latest data in our nightly-refreshed cache.
When does Adobe Inc.'s fiscal year end?
ADBE's fiscal year ends in November. Its most recent annual filing covers the fiscal year ending 2025-11-30.
What growth is priced into ADBE stock?
At today's market cap of $96.15B, Adobe Inc. is priced for free-cash-flow growth of about -2.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $9.85B from the FY ending 2025-11-30). For comparison, free cash flow actually grew 13.2%/yr over the last five fiscal years and revenue 13.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Adobe Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.