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ADBE
Adobe Inc.Stock · Technology
$219.72+$8.74 (+4.14%)as of market close, Jul 2, 2026
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How Adobe makes money

Fiscal year

How does Adobe make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Adobe Inc. · FY2025 · year ended 2025-11-28
Revenue$23.8BGross profit$21.2B · 89%Cost of revenue$2.6B · 11%Operating income$8.7B · 37%Operating expenses$12.5B · 53%SG&A$1.6B · 7%Selling & marketing$6.5B · 27%Other opex$4.5B · 19%Net income$7.1B · 30%Income tax$1.6B · 7%Subscription Revenue$22.9B · 96%Service Other$540M · 2%Product$325M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.