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	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Revenue	6,618	6,398	5,988	5,873	5,714	5,408	5,309	5,182	4,890	4,816	4,655	4,433
Net income	1,712	1,889	1,772	1,691	1,811	1,684	1,573	620	1,403	1,295	1,247	1,136
Diluted EPS	4.25	4.60	4.18	3.94	4.14	3.76	3.49	1.36	3.05	2.82	2.71	2.42
Diluted shares	403	411	424	429	438	448	451	456	460	459	460	469
Operating cash flow	—	2,958	—	—	2,482	—	—	1,174	—	—	1,693	—
Capital expenditures	—	37	—	—	26	—	—	37	—	—	101	—
Free cash flow	—	2,921	—	—	2,456	—	—	1,137	—	—	1,592	—
Cash & equivalents	4,919	6,332	4,982	4,931	6,758	7,193	7,660	6,254	6,601	5,456	4,072	3,870
Total assets	29,933	29,704	28,754	28,107	29,955	29,830	30,007	28,751	29,090	27,838	26,667	26,744
Total liabilities	18,415	18,271	16,984	16,659	16,860	15,285	15,164	13,291	13,314	13,000	12,461	12,371
Shareholders' equity	11,518	11,433	11,770	11,448	13,095	14,545	14,843	15,460	15,776	14,838	14,206	14,373

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. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.