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ADBE

Information Technology · Application Software

Adobe: revenue, profit and cash flow

In fiscal 2025, Adobe had revenue of $23.8B, up 17.4% a year on average since 2015, and net income of $7.13B (30.0% of revenue). It has 16% fewer shares than in 2015.

Revenue, fiscal 2025

$23.8B+17.4% a year

average annual revenue growth since 2015 · +10.5% vs 2024

Net income, 2025
$7.13B
30.0% of revenue
Diluted EPS, 2025
$16.70
29.7% a year since 2015
Revenue growth, 5 years
13.1% a year
since 2020
Shares, 2025
427M
−15.8% since 2015
Free cash flow, 2025
$9.85B
$10B from operations − $179M capex
Ticker
ADBE · Nasdaq
Sector
Information Technology
Sub-industry
Application Software
Headquarters
San Jose, California
Founded
1982
In the S&P 500 since
May 5, 1997
Latest fiscal year
2025, ended November 28, 2025
SEC filer
Adobe Inc. · CIK 0000796343

Revenue and net income

Revenue went from $3.16B in 2007 to $23.8B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.21 in 2007 to $16.70 in 2025. Ten-year growth: 29.7% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

15.8% fewer shares in 2025 than in 2015 (507M → 427M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $9.85B in 2025, 41.4% of revenue.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSSharesOperating cash flowCapexFree cash flow
2025$23.8B$7.13B30.0%$16.70427M$10B$179M$9.85B
2024$21.5B$5.56B25.9%$12.36450M$8.06B$183M$7.87B
2023$19.4B$5.43B28.0%$11.82459M$7.3B$360M$6.94B
2022$17.6B$4.76B27.0%$10.10471M$7.84B$442M$7.4B
2021$15.8B$4.82B30.5%$10.02481M$7.23B$348M$6.88B
2020$12.9B$5.26B40.9%$10.83486M$5.73B$419M$5.31B
2019$11.2B$2.95B26.4%$6.00492M$4.42B$395M$4.03B
2018$9.03B$2.59B28.7%$5.20498M$4.03B$267M$3.76B
2017$7.3B$1.69B23.2%$3.38501M$2.91B$178M$2.73B
2016$5.85B$1.17B20.0%$2.32504M$2.2B$204M$2.0B
2015$4.8B$630M13.1%$1.24507M$1.47B$185M$1.28B
2014$4.15B$268M6.5%$0.53508M$1.29B$148M$1.14B
2013$4.06B$290M7.2%$0.56513M$1.15B$188M$963M
2012$4.4B$833M18.9%$1.66503M$1.5B$271M$1.23B
2011$4.22B$833M19.8%$1.65504M$1.54B$210M$1.33B
2010$3.8B$775M20.4%$1.47526M$1.11B$170M$943M
2009$2.95B$387M13.1%$0.73531M$1.12B$120M$998M
2008$3.58B$872M24.4%$1.59549M$1.28B$112M$1.17B
2007$3.16B$724M22.9%$1.21599M$1.44B$132M$1.31B

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Other Application Software companies

All 76 Information Technology companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.