Adobe Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 15.79B | 17.61B | 19.41B | 21.50B | 23.77B | 10.5% | |
| Cost of Revenue | (1.86B) | (2.17B) | (2.35B) | (2.36B) | (2.71B) | 14.8% | |
Gross Profit | 13.92B | 15.44B | 17.05B | 19.15B | 21.06B | 10.0% | |
| Operating Expenses | |||||||
| Research & Development | (2.54B) | (2.99B) | (3.47B) | (3.94B) | (4.29B) | 8.9% | |
| Selling, General & Administrative | (5.41B) | (6.19B) | (6.76B) | (7.29B) | (8.06B) | 10.5% | |
| General & Administrative | (1.08B) | (1.22B) | (1.41B) | (1.53B) | (1.57B) | 2.9% | |
| Selling & Marketing | (4.32B) | (4.97B) | (5.35B) | (5.76B) | (6.49B) | 12.6% | |
| Depreciation & Amortization | (861.00M) | (939.00M) | (872.00M) | (857.00M) | (818.00M) | -4.6% | |
Operating Income (EBIT) | 5.80B | 6.10B | 6.65B | 6.74B | 8.71B | 29.1% | |
| Non-Operating Items | |||||||
| Interest Income | 17.00M | 61.00M | 269.00M | 341.00M | — | -100.0% | |
| Interest Expense | (113.00M) | (112.00M) | (113.00M) | (164.00M) | (263.00M) | 60.4% | |
| Other Income/Expenses (Net) | -97.00M | -90.00M | 149.00M | 190.00M | 28.00M | -85.3% | |
Income Before Tax | 5.71B | 6.01B | 6.80B | 6.93B | 8.73B | 26.0% | |
| Income Tax Expense | (883.00M) | (1.25B) | (1.37B) | (1.37B) | (1.60B) | 17.0% | |
Net Income | 4.82B | 4.76B | 5.43B | 5.56B | 7.13B | 28.2% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $10 | $10 | $12 | $12 | $17 | 34.5% | |
| Weighted Avg Shares Outstanding | 477.00M | 470.00M | 457.00M | 447.10M | 426.00M | -4.7% | |
| Weighted Avg Shares Outstanding (Diluted) | 481.00M | 471.00M | 459.00M | 450.00M | 427.00M | -5.1% | |
EBITDA | 6.67B | 7.05B | 7.78B | 7.96B | 9.75B | 22.5% |
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ADBE in the Technology
Large Cap