Adobe Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.77B | $21.51B | $19.41B | $17.61B | $15.79B | $12.87B | $11.17B | $9.03B |
| Digital Media | $17.65B | — | — | — | — | — | — | $6.33B |
| Creative Cloud | — | $12.68B | $11.52B | $10.46B | $9.55B | $7.74B | $6.48B | — |
| Document Cloud | — | $3.18B | $2.70B | $2.38B | $1.97B | $1.50B | $1.23B | — |
| Digital Experience | $5.86B | $5.37B | $4.89B | $4.42B | $3.87B | $3.13B | $2.80B | $2.44B |
| Publishing and Advertising | $256.0M | $275.0M | $300.0M | $342.0M | $398.0M | $510.0M | $669.0M | $261.0M |
| Cost of Revenue | $2.55B | $2.36B | $2.35B | $2.17B | $1.87B | $1.72B | $1.67B | $1.20B |
| Gross Profit | $21.22B | $19.15B | $17.06B | $15.44B | $13.92B | $11.15B | $9.50B | $7.84B |
| Gross Margin | 89.3% | 89.0% | 87.9% | 87.7% | 88.2% | 86.6% | 85.0% | 86.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.57B | $1.53B | $1.41B | $1.22B | $1.09B | $968.0M | $881.0M | $745.0M |
| Operating Income | $8.71B | $6.74B | $6.65B | $6.10B | $5.80B | $4.24B | $3.27B | $2.84B |
| Operating Margin | 36.6% | 31.3% | 34.3% | 34.6% | 36.8% | 32.9% | 29.3% | 31.5% |
| Interest Expense | — | — | $113.0M | $112.0M | $113.0M | $116.0M | $157.0M | $89.0M |
| Pretax Income | $8.73B | $6.93B | $6.80B | $6.01B | $5.71B | $4.18B | $3.21B | $2.79B |
| Income Tax Expense | $1.60B | $1.37B | $1.37B | $1.25B | $883.0M | $-1.08B | $254.0M | $203.0M |
| Net Income | $7.13B | $5.56B | $5.43B | $4.76B | $4.82B | $5.26B | $2.95B | $2.59B |
| Net Margin | 30.0% | 25.9% | 28.0% | 27.0% | 30.5% | 40.9% | 26.4% | 28.7% |
| EPS (Basic) | $16.73 | $12.43 | $11.87 | $10.13 | $10.10 | $10.94 | $6.07 | $5.28 |
| EPS (Diluted) | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 |
| Shares Outstanding (Basic) | 426.2M | 447.1M | 457.1M | 469.5M | 477.3M | 480.9M | 486.3M | 490.6M |
| Shares Outstanding (Diluted) | 427.0M | 449.7M | 459.1M | 470.9M | 481.0M | 485.5M | 491.6M | 497.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |