For the year ending 2025-11-28, ADBE made $23,769M in revenue. $7,130M in net income. Net profit margin of 30.00%.
| Income Statement | 2025-11-28 | 2024-11-29 | 2023-12-01 | 2022-12-02 |
|---|---|---|---|---|
| Revenue | 23,769 | 21,505 | 19,409 | 17,606 |
| Subscription | - | - | - | 1,646 |
| Subscription Revenue | 2,027 | 1,799 | 1,822 | - |
| Product | 23 | 25 | 29 | 35 |
| Services and other | - | - | - | 484 |
| Service Other | 501 | 534 | 503 | - |
| Cost of revenue | 2,551 | 2,358 | 2,354 | 2,165 |
| Gross profit | 21,218 | 19,147 | 17,055 | 15,441 |
| Research and development | 4,294 | 3,944 | 3,473 | 2,987 |
| Sales and marketing | 6,488 | 5,764 | 5,351 | 4,968 |
| General and administrative | 1,573 | 1,529 | 1,413 | 1,219 |
| Acquisition termination fee | 0 | 1,000 | - | - |
| Amortization of intangibles | 157 | 169 | 168 | 169 |
| Total operating expenses | 12,512 | 12,406 | 10,405 | 9,343 |
| Operating income | 8,706 | 6,741 | 6,650 | 6,098 |
| Interest expense | 263 | 169 | 113 | 112 |
| Investment gains (losses), net | 43 | 48 | 16 | -19 |
| Other income (expense), net | 248 | 311 | 246 | 41 |
| Total non-operating income (expense), net | 28 | 190 | 149 | -90 |
| Income before income taxes | 8,734 | 6,931 | 6,799 | 6,008 |
| Provision for income taxes | 1,604 | 1,371 | 1,371 | 1,252 |
| Net income | 7,130 | 5,560 | 5,428 | 4,756 |
| Basic net income per share (in usd per share) | 16.73 | 12.43 | 11.87 | 10.13 |
| Diluted net income per share (in usd per share) | 16.7 | 12.36 | 11.82 | 10.1 |
| Shares used to compute basic net income per share (in shares) | 426,000,000 | 447,000,000 | 457,000,000 | 470,000,000 |
| Shares used to compute diluted net income per share (in shares) | 427,000,000 | 450,000,000 | 459,000,000 | 471,000,000 |
ADOBE INC. (ADBE)
ADOBE INC. (ADBE)