Adobe Inc. (ADBE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	25.2B	23.8B	21.5B	19.4B	17.6B
Cost of Revenue	2.7B	2.7B	2.4B	2.4B	2.2B
Gross Profit	22.5B	21.1B	19.1B	17.1B	15.4B
Operating Expenses
R&D Expense	4.5B	4.3B	3.9B	3.5B	3.0B
SG&A Expense	8.8B	8.1B	7.3B	6.8B	6.2B
General & Admin Expense	1.8B	1.6B	1.5B	1.4B	1.2B
Selling & Marketing Expense	7.0B	6.5B	5.8B	5.4B	5.0B
Other Expenses	75.0M	—	1.2B	168.0M	169.0M
Total Operating Expenses	13.4B	12.4B	12.4B	10.4B	9.3B
Cost and Expenses	16.1B	15.1B	14.8B	12.8B	11.5B
Operating Income (EBIT)	9.1B	8.7B	6.7B	6.7B	6.1B
Non-Operating
Interest Income	—	—	341.0M	269.0M	61.0M
Interest Expense	135.0M	263.0M	164.0M	113.0M	112.0M
Net Interest Income	(135.0M)	(263.0M)	177.0M	156.0M	(51.0M)
Other Non-Op Income/Expense	21.0M	28.0M	190.0M	149.0M	(90.0M)
Non-Operating Income (excl Interest)	(90.0M)	(225.0M)	(359.0M)	(262.0M)	(22.0M)
EBT (Pre-Tax Income)	9.1B	8.7B	6.9B	6.8B	6.0B
Income Tax Expense	1.9B	1.6B	1.4B	1.4B	1.3B
Bottom Line
Net Income	7.2B	7.1B	5.6B	5.4B	4.8B
Earnings from Cont. Ops	7.2B	7.1B	5.6B	5.4B	4.8B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	7.2B	7.1B	5.6B	5.4B	4.8B
Per Share
Basic EPS	$17.50	$16.73	$12.44	$11.88	$10.13
Diluted EPS	$17.48	$16.70	$12.36	$11.83	$10.10
Revenue Per Share	$62.68	$55.80	$48.10	$42.47	$37.46
Shares
Basic Shares Outstanding	402.0M	426.0M	447.1M	457.0M	470.0M
Diluted Shares Outstanding	402.0M	427.0M	450.0M	459.0M	471.0M
Profitability Metrics
EBITDA	9.9B	9.7B	8.0B	7.8B	7.1B
D&A	759.0M	818.0M	857.0M	872.0M	939.0M
EBIT	9.2B	8.9B	7.1B	6.9B	6.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of May 1, 2026