Adobe Inc. financials
Key figures from Adobe Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | May 2026 | May 2025 | Change |
|---|---|---|---|
| Revenue | $6.6B | $5.9B | +12.7% |
| Net income | $1.7B | $1.7B | +1.2% |
| Free cash flow | $2.1B | $2.1B | -1.7% |
| Gross margin | 89.2% | 89.1% | +0.1 pts |
| Operating margin | 33.8% | 35.9% | -2.1 pts |
| Net margin | 25.9% | 28.8% | -2.9 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Nov 2025 | $23.8B | $7.1B | 30.0% | $9.9B | $16.70 |
| FY Nov 2024 | $21.5B | $5.6B | 25.9% | $7.9B | $12.36 |
| FY Dec 2023 | $19.4B | $5.4B | 28.0% | $6.9B | $11.82 |
| FY Dec 2022 | $17.6B | $4.8B | 27.0% | $7.4B | $10.10 |
| FY Dec 2021 | $15.8B | $4.8B | 30.5% | $6.9B | $10.02 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.