ADBE
$245.20-2.57%
as of close, Oct 16, 2026
☾ AH $245.20 -2.57%
ADBE financial statements
The full income statement, balance sheet, and cash-flow statement for Adobe Inc. (ADBE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-08 440.2M2024-11 435.3M2025-02 426.2M2025-05 424.2M2025-08 418.6M2025-11 410.5M2026-02 404.2M2026-05 397.5M2026-08 389.2M-11.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofNov 28 ’25 | as ofNov 29 ’24 | as ofDec 1 ’23 | as ofDec 2 ’22 | as ofDec 3 ’21 | |
| Revenue | 23.8B+10.5% | 21.5B+10.8% | 19.4B+10.2% | 17.6B+11.5% | 15.8B+22.7% | |
| 21.2B+10.8% | 19.1B+12.3% | 17.1B+10.5% | 15.4B+10.9% | 13.9B+24.9% | ||
| Cost of revenue | 2.55B+8.2% | 2.36B+0.2% | 2.35B+8.7% | 2.17B+16.1% | 1.86B+8.3% | |
| 12.5B+0.9% | 12.4B+19.2% | 10.4B+11.4% | 9.34B+15.1% | 8.12B+17.5% | ||
| Selling, general & administrative | 1.57B+2.9% | 1.53B+8.2% | 1.41B+15.9% | 1.22B+12.4% | 1.08B+12.1% | |
| General & administrative | 1.57B+2.9% | 1.53B+8.2% | 1.41B+15.9% | 1.22B+12.4% | 1.08B+12.1% | |
| Selling & marketing | 6.49B+12.6% | 5.76B+7.7% | 5.35B+7.7% | 4.97B+15.0% | 4.32B+20.3% | |
| Amortization of intangibles | 310M-7.7% | 336M-10.4% | 375M-7.4% | 405M+14.4% | 354M-3.5% | |
| Operating income | 8.71B+29.1% | 6.74B+1.4% | 6.65B+9.1% | 6.10B+5.1% | 5.80B+36.9% | |
| Interest expense | 263M+55.6% | 169M+49.6% | 113M+0.9% | 112M-0.9% | 113M-2.6% | |
| Interest & investment income | 264M-22.6% | 341M+26.8% | 269M+341.0% | 61.0M+258.8% | 17.0M-60.5% | |
| Other non-operating income | 248M-20.3% | 311M+26.4% | 246M+373.3% | -90.0M+7.2% | -97.0M-59.0% | |
| Pre-tax income | 8.73B+26.0% | 6.93B+1.9% | 6.80B+13.2% | 6.01B+5.3% | 5.71B+36.6% | |
| Income tax | 1.60B+17.0% | 1.37B+0.0% | 1.37B+9.5% | 1.25B+41.8% | 883M+181.5% | |
| Net income | 7.13B+28.2% | 5.56B+2.4% | 5.43B+14.1% | 4.76B-1.4% | 4.82B-8.3% | |
| $16.70+35.1% | $12.36+4.6% | $11.82+17.0% | $10.10+0.8% | $10.02-7.5% | ||
| EPS (basic) | $16.73+34.6% | $12.43+4.7% | $11.87+17.2% | $10.13+0.3% | $10.10-7.7% | |
| Weighted-avg shares (basic) | 426M-4.7% | 447M-2.2% | 457M-2.6% | 470M-1.6% | 477M-0.7% | |
| Weighted-avg shares (diluted) | 427M-5.0% | 450M-2.0% | 459M-2.5% | 471M-2.1% | 481M-0.9% | |
| Balance Sheet | as ofNov 28 ’25 | as ofNov 29 ’24 | as ofDec 1 ’23 | as ofDec 2 ’22 | as ofDec 3 ’21 | |
| 10.2B-9.5% | 11.2B+1.3% | 11.1B+23.2% | 9.00B+3.8% | 8.67B+6.4% | ||
| Cash & equivalents | 5.43B-28.7% | 7.61B+6.6% | 7.14B+68.6% | 4.24B+10.2% | 3.84B-14.2% | |
| Short-term investments | 1.16B+326.4% | 273M-61.1% | 701M-62.3% | 1.86B-4.8% | 1.95B+29.1% | |
| Cash & short-term investments | 6.59B-16.4% | 7.89B+0.6% | 7.84B+28.6% | 6.10B+5.1% | 5.80B-3.2% | |
| Accounts receivable | 2.34B+13.1% | 2.07B-6.8% | 2.22B+7.7% | 2.06B+10.0% | 1.88B+34.3% | |
| Prepaid expenses | 1.22B-3.9% | 1.27B+25.1% | 1.02B+21.9% | 835M-15.9% | 993M+31.3% | |
| 29.5B-2.4% | 30.2B+1.5% | 29.8B+9.6% | 27.2B-0.3% | 27.2B+12.2% | ||
| Property, plant & equipment | 1.87B-3.3% | 1.94B-4.6% | 2.03B+6.4% | 1.91B+14.0% | 1.67B+10.3% | |
| Operating lease right-of-use | 312M+11.0% | 281M-21.5% | 358M-12.0% | 407M-8.1% | 443M-9.0% | |
| Goodwill | 12.9B+0.5% | 12.8B-0.1% | 12.8B+0.1% | 12.8B+0.9% | 12.7B+17.9% | |
| Intangible assets | 495M-36.7% | 782M-28.1% | 1.09B-24.9% | 1.45B-20.4% | 1.82B+33.9% | |
| Deferred tax assets | 2.19B+31.9% | 1.66B+39.1% | 1.19B+53.3% | 777M-28.4% | 1.08B-20.8% | |
| Other non-current assets | 1.61B+3.6% | 1.55B+27.1% | 1.22B+45.4% | 841M-4.8% | 883M+33.2% | |
| 10.2B-3.1% | 10.5B+27.5% | 8.25B+1.5% | 8.13B+17.3% | 6.93B+25.8% | ||
| Accounts payable | 417M+15.5% | 361M+15.0% | 314M-17.2% | 379M+21.5% | 312M+2.0% | |
| Accrued liabilities | 2.65B+13.4% | 2.34B+20.3% | 1.94B+8.5% | 1.79B+3.1% | 1.74B+22.1% | |
| Deferred revenue | 6.91B+12.6% | 6.13B+5.0% | 5.84B+10.2% | 5.30B+11.9% | 4.73B+30.4% | |
| Short-term & current debt | 0.00-100.0% | 1.50B | 0.00-100.0% | 500M | 0.00 | |
| Current lease liability | 77.0M+2.7% | 75.0M+2.7% | 73.0M-16.1% | 87.0M-10.3% | 97.0M+5.4% | |
| 17.9B+10.8% | 16.1B+21.6% | 13.3B+1.1% | 13.1B+5.4% | 12.4B+12.9% | ||
| Long-term debt | 6.21B+50.4% | 4.13B+13.6% | 3.63B+0.1% | 3.63B-12.0% | 4.12B+0.1% | |
| Deferred revenue (non-current) | 125M-2.3% | 128M+13.3% | 113M-3.4% | 117M-19.3% | 145M+11.5% | |
| Non-current lease liability | 361M+2.3% | 353M-5.4% | 373M-10.6% | 417M-7.9% | 453M-9.2% | |
| Operating lease liability (total) | 438M+2.3% | 428M-4.0% | 446M-11.5% | 504M-8.4% | 550M-6.9% | |
| Deferred tax liabilities | — | — | — | — | 5.00M-50.0% | |
| Other non-current liabilities | 508M+13.9% | 446M+18.6% | 376M+28.3% | 293M+14.0% | 257M+15.2% | |
| 11.6B-17.6% | 14.1B-14.6% | 16.5B+17.6% | 14.1B-5.0% | 14.8B+11.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 15.4B+14.5% | 13.4B+15.8% | 11.6B+17.4% | 9.87B+17.1% | 8.43B+14.6% | |
| Retained earnings | 45.4B+17.9% | 38.5B+15.4% | 33.3B+17.8% | 28.3B+18.5% | 23.9B+21.9% | |
| Treasury stock | 48.8B+30.0% | 37.6B+33.6% | 28.1B+18.0% | 23.8B+37.0% | 17.4B+28.4% | |
| Accumulated other comprehensive income | -245M-21.9% | -201M+29.5% | -285M+2.7% | -293M-113.9% | -137M+13.3% | |
| Total liabilities & equity | 29.5B-2.4% | 30.2B+1.5% | 29.8B+9.6% | 27.2B-0.3% | 27.2B+12.2% | |
| Common shares issued | 601M+0.0% | 601M+0.0% | 601M+0.0% | 601M+0.0% | 601M+0.0% | |
| Common shares outstanding | 413M-6.3% | 441M-3.1% | 455M-1.5% | 462M-2.7% | 475M-0.8% | |
| Shares outstanding (cover) | 411M-5.7% | 435M-3.7% | 452M-1.3% | 458M-2.9% | 472M-1.5% | |
| Cash Flow | as ofNov 28 ’25 | as ofNov 29 ’24 | as ofDec 1 ’23 | as ofDec 2 ’22 | as ofDec 3 ’21 | |
| 10.0B+24.5% | 8.06B+10.3% | 7.30B-6.8% | 7.84B+8.4% | 7.23B+26.2% | ||
| Depreciation & amortization | 818M-4.6% | 857M-1.7% | 872M+1.9% | 856M+8.6% | 788M+4.1% | |
| Intangible amortization | 310M-7.7% | 336M-10.4% | 375M-7.4% | 405M+14.4% | 354M-3.5% | |
| Share-based compensation | 1.94B+5.9% | 1.83B+6.7% | 1.72B+19.3% | 1.44B+34.7% | 1.07B+17.6% | |
| Deferred income taxes | -514M-9.8% | -468M-10.9% | -422M-229.4% | 326M+69.8% | 192M+112.8% | |
| Change in payables | 64.0M+45.5% | 44.0M+189.8% | -49.0M-174.2% | 66.0M+430.0% | -20.0M-120.8% | |
| -1.19B-896.6% | 149M-80.8% | 776M+236.1% | -570M+83.9% | -3.54B-754.3% | ||
| Capital expenditure | 179M-2.2% | 183M-49.2% | 360M-18.6% | 442M+27.0% | 348M-16.9% | |
| Free cash flow | 9.85B+25.1% | 7.87B+13.4% | 6.94B-6.1% | 7.40B+7.5% | 6.88B+29.7% | |
| Acquisitions | 17.0M | 0.00 | 0.00-100.0% | 126M-95.3% | 2.68B | |
| Other investing activities | -3.00M-50.0% | -2.00M-100.0% | -1.00M | — | — | |
| -11.1B-43.2% | -7.72B-49.1% | -5.18B+24.1% | -6.83B-58.7% | -4.30B-23.3% | ||
| Long-term debt issued | 2.00B+0.0% | 2.00B | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 1.50B | 0.00-100.0% | 500M | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 11.3B+18.7% | 9.50B+115.9% | 4.40B-32.8% | 6.55B+65.8% | 3.95B+29.5% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -149M-256.8% | 95.0M+1457.1% | -7.00M+80.0% | -35.0M-145.5% | 77.0M+466.7% | |
| FX effect on cash | 34.0M+477.8% | -9.00M-200.0% | 9.00M+117.6% | -51.0M-96.2% | -26.0M-966.7% | |
| Net change in cash | -2.18B-562.3% | 472M-83.8% | 2.90B+641.1% | 392M+161.8% | -634M-134.7% | |
| Interest paid | 246M+72.0% | 143M+34.9% | 106M+2.9% | 103M+3.0% | 100M+13.6% | |
| Income taxes paid | 2.22B+28.5% | 1.73B-6.9% | 1.85B+138.3% | 778M-7.7% | 843M+79.7% | |
| Valuation Ratios | as ofNov 28 ’25 | as ofNov 29 ’24 | as ofDec 1 ’23 | as ofDec 2 ’22 | as ofDec 3 ’21 | |
| Market cap | 131B-41.5% | 225B-18.9% | 277B+77.1% | 156B-46.2% | 291B+27.4% | |
| P/E | 18.4×-54.4% | 40.4×-20.8% | 51.0×+55.1% | 32.9×-45.5% | 60.3×+38.9% | |
| P/S | 5.5×-47.1% | 10.4×-26.8% | 14.3×+60.6% | 8.9×-51.8% | 18.4×+3.8% | |
| P/B | 11.3×-29.0% | 15.9×-5.0% | 16.8×+50.6% | 11.1×-43.4% | 19.7×+14.2% | |
| P/FCF | 13.3×-53.2% | 28.5×-28.5% | 39.9×+88.6% | 21.1×-50.0% | 42.3×-1.8% | |
| Earnings yield | 5.4%+119.2% | 2.5%+26.3% | 2.0%-35.5% | 3.0%+83.5% | 1.7%-28.0% | |
| FCF yield | 7.5%+113.9% | 3.5%+39.8% | 2.5%-47.0% | 4.7%+99.9% | 2.4%+1.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ADBE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ADBE filings on SEC EDGAR → Not investment advice.