ADOBE INC.

Listed Company

ADBECIK 0000796343NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Nov 27

Period

FY 2025

Revenue

$23.77B

Net Income

$7.13B

Total Assets

$29.50B

Equity

$11.62B

Shares Out

397.50M

Op. Cash Flow

$10.03B

ADBE$236.98−35.32% · past yearDBEQ Basic

Daily closing prices

Business

Adobe Inc. provides cloud-based and subscription software for digital creative, document productivity, and marketing workflows. Core offerings span Creative Cloud (Photoshop, Illustrator, Premiere Pro, Lightroom), Document Cloud (Acrobat, Express), and Experience Cloud (real-time customer data platforms, content management, journey orchestration). Adobe serves business professionals, consumers, creators, and marketing professionals globally through direct sales, app stores, and partner channels, infusing generative AI capabilities across its integrated platform.

Summary from 10-K filed 2026-01-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Revenue	23,769	21,505	19,409	17,606	15,785
Cost of revenue	2,551	2,358	2,354	2,165	1,865
Gross profit	21,218	19,147	17,055	15,441	13,920
Research and development	4,294	3,944	3,473	2,987	2,540
Sales and marketing	6,488	5,764	5,351	4,968	4,321
General and administrative	1,573	1,529	1,413	1,219	1,085
Acquisition termination fee	0	1,000	0	0	—
Amortization of intangibles	157	169	168	169	172
Total operating expenses	12,512	12,406	10,405	9,343	8,118
Operating income	8,706	6,741	6,650	6,098	5,802
Interest expense	−263	−169	−113	−112	—
Investment gains (losses), net	43	48	16	−19	16
Other income (expense), net	248	311	246	—	—
Total non-operating income (expense), net	28	190	149	−90	−97
Income before income taxes	8,734	6,931	6,799	6,008	5,705
Provision for income taxes	1,604	1,371	1,371	1,252	883
Net income	7,130	5,560	5,428	4,756	4,822
Basic net income per share (in usd per share)	16.73	12.43	11.87	10.13	10.1
Shares used to compute basic net income per share (in shares)	426	447	457	470	477
Diluted net income per share (in usd per share)	16.7	12.36	11.82	10.1	10.02
Shares used to compute diluted net income per share (in shares)	427	450	459	471	481

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Cash and cash equivalents	5,431	7,613	7,141	4,236	3,844
Short-term investments	1,164	273	701	1,860	1,954
Trade receivables, net of allowances for doubtful accounts of $13 and of $14, respectively	2,340	2,070	2,220	2,070	1,880
Prepaid expenses and other current assets	1,224	1,274	1,018	835	993
Total current assets	10,163	11,232	11,084	8,996	8,669
Property and equipment, net	1,873	1,936	2,030	1,908	1,673
Operating lease right-of-use assets, net	312	281	358	407	443
Goodwill	12,857	12,788	12,805	12,787	12,668
Other intangibles, net	495	782	1,088	1,449	1,820
Deferred income taxes	2,186	1,657	1,191	777	1,085
Other assets	1,610	1,554	1,223	841	883
Total assets	29,496	30,230	29,779	27,165	27,241
Trade payables	417	361	314	379	312
Accrued expenses and other current liabilities	2,648	2,336	1,942	1,790	1,736
Debt	0	1,499	0	500	0
Deferred revenue	6,905	6,131	5,837	5,297	4,733
Income taxes payable	153	119	85	75	54
Operating lease liabilities	77	75	73	87	97
Total current liabilities	10,200	10,521	8,251	8,128	6,932
Debt	6,210	4,129	3,634	3,629	4,123
Deferred revenue	125	128	113	117	145
Income taxes payable	469	548	514	530	534
Operating lease liabilities	361	353	373	417	453
Other liabilities	508	446	376	293	257
Total liabilities	17,873	16,125	13,261	13,114	12,444
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.0001 par value; 2 shares authorized; none issued	0	0	0	0	0
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 413 and 441 shares outstanding, respectively	0	0	0	0	0
Additional paid-in capital	15,361	13,419	11,586	9,868	8,428
Retained earnings	45,354	38,470	33,346	28,319	23,905
Accumulated other comprehensive income (loss)	−245	−201	−285	−293	−137
Treasury stock, at cost (188 and 160 shares, respectively)	−48,847	−37,583	−28,129	—	—
Total stockholders equity	11,623	14,105	16,518	14,051	14,797
Total liabilities and stockholders equity	29,496	30,230	29,779	27,165	27,241

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-11-30	FY 2024 2024-11-30	FY 2023 2023-11-30	FY 2022 2022-11-30	FY 2021 2021-11-30
Depreciation, amortization and accretion	818	857	872	856	788
Stock-based compensation	1,942	1,833	1,718	1,440	1,069
Lease-related asset impairments	0	78	0	0	—
Deferred income taxes	−512	−468	−426	328	183
Other non-cash items	48	52	65	10	7
Trade receivables, net	−275	143	−159	−198	−430
Prepaid expenses and other assets	−90	−616	−818	−94	−475
Trade payables	64	44	−49	66	−20
Accrued expenses and other liabilities	180	196	146	7	162
Income taxes payable	−45	68	−11	19	2
Deferred revenue	771	309	536	536	1,053
Net cash provided by operating activities	10,031	8,056	7,302	7,838	7,230
Purchases of short-term investments	−2,034	−59	0	−909	−1,533
Maturities of short-term investments	1,168	486	965	683	877
Proceeds from sales of short-term investments	6	11	223	270	191
Acquisitions, net of cash acquired	−17	0	0	−126	−2,682
Purchases of property and equipment	−179	−183	−360	−442	−348
Purchases of long-term investments, intangibles and other assets	−134	−108	−53	−46	−42
Other investing activities, net	3	2	1	—	—
Net cash provided by (used for) investing activities	−1,187	149	776	−570	−3,537
Repurchases of common stock	−11,281	−9,500	−4,400	−6,550	−3,950
Proceeds from re-issuance of treasury stock	348	361	314	278	291
Taxes paid related to net share settlement of equity awards	−475	−677	−589	−518	−719
Proceeds from issuance of debt	1,997	1,997	0	—	—
Repayment of debt	−1,500	0	−500	0	0
Other financing activities, net	−149	95	−7	−35	77
Net cash used for financing activities	−11,060	−7,724	−5,182	−6,825	−4,301
Effect of foreign currency exchange rates on cash and cash equivalents	34	−9	9	−51	−26
Net change in cash and cash equivalents	−2,182	472	2,905	392	−634
Cash paid for income taxes, net of refunds	2,219	1,727	1,854	778	843
Cash paid for interest	246	143	106	103	100

Filings

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Frequently asked questions

What is ADOBE INC.'s CIK number?

ADOBE INC.'s SEC CIK number is 0000796343 (796343). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ADOBE INC.'s SEC filings?

All of ADOBE INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ADOBE INC. last report earnings?

ADOBE INC. (ADBE) most recently filed an earnings 8-K with the SEC on Jun 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000796343-26-000109). This is ADOBE INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ADOBE INC.'s most recent earnings 8-K?

ADOBE INC.'s latest earnings 8-K (Item 2.02) was filed Jun 11, 2026 under accession 0000796343-26-000109. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View ADOBE INC.'s latest earnings 8-K →
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