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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Adobe Inc. ADBE

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$23.8B
▲ 10.5% YoY
$7.1B
▲ 28.2% YoY
$9.9B
▲ 25.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Adobe Inc. licenses its software products to end-user customers through app stores and its own website, and offers many of them via a SaaS or managed-services model as well as through term subscription and pay-per-use models. As of November 28, 2025, it employed 31,360 people, of whom 50% were in the United States and 50% were in international locations. In fiscal 2025, its business consisted of three reportable segments: Digital Media, Digital Experience, and Publishing and Advertising. Its Digital Media segment includes Adobe Acrobat, Adobe Express, and Creative Cloud subscriptions and flagship apps such as Adobe Photoshop, Adobe Illustrator, Adobe Lightroom, Adobe Premiere Pro, Adobe After Effects, and Adobe Firefly. Its Digital Experience segment includes Adobe Experience Platform and native applications such as Real-Time Customer Data Platform, Customer Journey Analytics, Adobe Experience Manager Sites, Adobe Commerce, Adobe Journey Optimizer, Adobe Marketo Engage, and Workfront. Its Publishing and Advertising offerings include eLearning solutions, technical document publishing, web conferencing, a document and forms platform, web App development, high-end printing through Adobe PostScript and Adobe PDF standards, and Adobe Advertising. It maintains local field offices in countries including Australia, Brazil, Canada, China, France, Germany, India, Japan, Singapore, South Africa, Spain, and the United Kingdom, among others.

Written from the business description in ADOBE INC.'s annual report to the U.S. Securities and Exchange Commission, filed 15 January 2026. Every sentence was checked against that document before publication.

Growth

USD 23.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 23.8 · Net income 7.1
10B20B
2007201020132016201920222025
Compound annual growth
+10.5%
+13.1%
+17.4%
+13.0%
+14.5%
+6.3%
+27.5%
+15.9%
+18.2%
+9.0%
+29.7%
+17.6%
+19.9%
+29.9%
+33.6%
+18.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.1% a year over the five years to FY2025 — but profit grew slower: net income at +6.3%, earnings per share at +9.0%.

The share count fell from 0.48B to 0.41B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

30 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 36.6% · Net 30.0%
20%40%
200720162025
ROE
FY2025 · ROE 55.4%
20%40%
200720162025
Three returns, three denominators.

Each USD of equity produced 55 cents of profit this year.

Cash & shareholders

USD 11.3B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 9.9
4B8B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 11.3
5B10B
2007201020132016201920222025

USD 11.3B in buybacks — 158% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 29.5B
EquityUSD 11.6B
CashUSD 5.4B
Gross debtUSD 6.2B
Net debtUSD 779.0M
Current ratio1.00×

Net debt stands at 7% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ADBE, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B23.821.519.417.615.812.911.29.07.35.94.84.14.14.44.23.82.93.63.2
Operating income $B8.76.76.76.15.84.23.32.82.21.50.90.40.41.21.11.00.71.00.9
EBITDA $B9.57.67.57.06.65.04.03.22.51.81.20.70.71.51.41.31.0◌◌
Income tax $B1.61.41.41.30.9−1.10.30.20.40.30.20.10.10.30.20.20.30.20.2
Net income $B7.15.65.44.84.85.33.02.61.71.20.60.30.30.80.80.80.40.90.7
Free cash flow $B9.97.96.97.46.95.34.03.82.72.01.31.11.01.21.30.91.01.21.3
EPS, diluted $16.7012.3611.8210.1010.0210.836.005.203.382.321.240.530.561.661.651.470.731.591.21
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————————————————
ROE %55.436.335.533.034.444.229.729.121.316.29.14.04.313.415.215.48.319.215.6
Shares out B0.410.440.460.460.470.480.480.490.490.490.500.500.500.490.490.500.520.53◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsNovember 27
Data on record since2007

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