ADOBE INC.

ADBE · CIK 0000796343

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)

$23.77B10.5%

FY2025

Net income (FY)

$7.13B28.2%

FY2025

Free cash flow (FY)

$9.85B25.1%

FY2025

Diluted EPS (FY)

$16.7035.1%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 7.5× since FY2007 · net margin 22.9% → 30.0%

MarginsNet marginFCF margin

FY2025: net 30.0% · free cash flow 41.4% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.03B operating cash − $179.0M capex = $9.85B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 20% (FY2008) → 61% (FY2025) · on assets 24.2%

Balance sheetLiabilitiesEquity

FY2025: $29.50B assets · $17.87B liabilities · $11.62B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	23,769	21,505	19,409	17,606	15,785	12,868	11,171	9,030	7,302	5,854	4,796	4,147
Net income	7,130	5,560	5,428	4,756	4,822	5,260	2,951	2,591	1,694	1,169	630	268
Diluted EPS	16.70	12.36	11.82	10.10	10.02	10.83	6.00	5.20	3.38	2.32	1.24	0.53
Diluted shares	427	450	459	471	481	486	492	498	501	504	507	508
Operating cash flow	10,031	8,056	7,302	7,838	7,230	5,727	4,422	4,029	2,913	2,200	1,470	1,287
Capital expenditures	179	183	360	442	348	419	395	267	178	204	185	148
Free cash flow	9,852	7,873	6,942	7,396	6,882	5,308	4,027	3,762	2,735	1,996	1,285	1,139
Cash & equivalents	5,431	7,613	7,141	4,236	3,844	4,478	2,650	1,643	2,306	1,011	877	1,117
Total assets	29,496	30,230	29,779	27,165	27,241	24,284	20,762	18,769	14,536	12,697	11,726	10,786
Total liabilities	17,873	16,125	13,261	13,114	12,444	11,020	10,232	9,407	6,076	5,272	4,725	4,010
Shareholders' equity	11,623	14,105	16,518	14,051	14,797	13,264	10,530	9,362	8,460	7,425	7,002	6,776

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.