Adobe Inc.
Financial Performance
Adobe Revenue & Financials
Revenue
$23.8B (FY2025)
Market Cap
$93B
Net Income
$7.1B
Employees
31,360
What is Adobe's revenue?
Adobe had $23.8B in revenue for fiscal year 2025, up 10.5% from 2024. Net income was $7.1B.
- Latest revenue
- $23.8B (FY2025)
- Year-over-year
- +10.5%
- Growth rate (CAGR)
- 16.8% over 9 years
- Peak revenue
- $23.8B (FY2025)
- Years of data
- 10
- Employees
- 31,360
Financial Analysis
Revenue rose from $5.854 billion in fiscal 2016 to $23.769 billion in fiscal 2025. Fiscal 2025 net income was $7.130 billion, compared with $5.560 billion in fiscal 2024. Adobe's fiscal years in this series ended on the Friday closest to November 30 or, in some years, early December. Adobe commands a market valuation frequently exceeding $200 billion, driven by its monopoly-like grip on creative software.
Revenue Trend Analysis
YoY Change
+10.5%
9-Year CAGR
+16.8%
Peak Year
2025
Trend
Consistent Growth
Adobe Inc. has 10 full fiscal year figures on this page, compounding at +16.8% annually over 9 years. The most recent year saw a 10.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $23.8B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $23.8B | $8.7Bfiling | $7.1B | +10.5% | Adobe fiscal 2025 Form 10-K Fiscal year ended November 28, 2025. |
| FY2024 | $21.5B | $6.7Bfiling | $5.6B | +10.8% | Adobe fiscal 2025 Form 10-K comparative statements Fiscal year ended November 29, 2024. |
| FY2023 | $19.4B | $6.7Bfiling | $5.4B | +10.2% | Adobe fiscal 2025 Form 10-K comparative statements Fiscal year ended December 1, 2023. |
| FY2022 | $17.6B | $6.1B | $4.8B | +11.5% | Adobe Form 10-K filed January 13, 2025 Fiscal year ended December 2, 2022. |
| FY2021 | $15.8B | $5.8B | $4.8B | +22.7% | Adobe Form 10-K filed January 17, 2024 Fiscal year ended December 3, 2021. |
| FY2020 | $12.9B | $4.2B | $5.3B | +15.2% | Adobe Form 10-K filed January 17, 2023 Fiscal year ended November 27, 2020. |
| FY2019 | $11.2B | $3.3B | $3B | +23.7% | Adobe Form 10-K filed January 21, 2022 Fiscal year ended November 29, 2019. |
| FY2018 | $9B | $2.8B | $2.6B | +23.7% | Adobe Form 10-K filed January 15, 2021 Fiscal year ended November 30, 2018. |
| FY2017 | $7.3B | $2.2B | $1.7B | +24.7% | Adobe Form 10-K filed January 21, 2020 Fiscal year ended December 1, 2017. |
| FY2016 | $5.9B | $1.5B | $1.2B | — | Adobe Form 10-K filed January 25, 2019 Fiscal year ended December 2, 2016. |
Click any row to see year details.
Adobe Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Nov 28, 2025 | $10B | $179M | $29.5B | $17.9B | $11.6B | $9.9B | Form 10-K |
| FY2024ended Nov 29, 2024 | $8.1B | $183M | $30.2B | $16.1B | $14.1B | $7.9B | Form 10-K |
| FY2023ended Dec 1, 2023 | $7.3B | $360M | $29.8B | $13.3B | $16.5B | $6.9B | Form 10-K |
| FY2022ended Dec 2, 2022 | $7.8B | $442M | $27.2B | $13.1B | $14.1B | $7.4B | Form 10-K |
| FY2021ended Dec 3, 2021 | $7.2B | $348M | $27.2B | $12.4B | $14.8B | $6.9B | Form 10-K |
| FY2020ended Nov 27, 2020 | $5.7B | $419M | $24.3B | $11B | $13.3B | $5.3B | Form 10-K |
| FY2019ended Nov 29, 2019 | $4.4B | $395M | $20.8B | $10.2B | $10.5B | $4B | Form 10-K |
| FY2018ended Nov 30, 2018 | $4B | $267M | $18.8B | $9.4B | $9.4B | $3.8B | Form 10-K |
| FY2017ended Dec 1, 2017 | $2.9B | $178.1M | $14.5B | $6.1B | $8.5B | $2.7B | Form 10-K |
| FY2016ended Dec 2, 2016 | $2.2B | $203.8M | $12.7B | $5.3B | $7.4B | $2B | Form 10-K |
Keep researching Adobe
Adobe Revenue and Financial FAQ
What was Adobe's fiscal 2025 revenue?
$23.769 billion for the year ended November 28, 2025.
What was Adobe's fiscal 2025 net income?
$7.130 billion.
When does Adobe's fiscal year end?
Adobe uses a 52- or 53-week fiscal year ending on the Friday closest to November 30.
What is Adobe's primary source of revenue?
The vast majority of Adobe's revenue comes from recurring subscriptions to its Digital Media segment, which houses the Creative Cloud suite.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Adobe Revenue & Financials." CorpDigest, https://corpdigest.com/company/adobe/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Adobe reported $23.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/adobe/financials" target="_blank" rel="noopener">CorpDigest — Adobe financials</a></div>Related Financial Audits
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