ADOBE INC.
Financial highlights
| Metric | FY 11/28/25 | FY 11/29/24 | FY 12/01/23 | FY 12/02/22 | FY 12/03/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $23.8B | $21.5B | $19.4B | $17.6B | $15.8B |
| Cost of revenue | $2.6B | $2.4B | $2.4B | $2.2B | $1.9B |
| Gross profit | $21.2B | $19.1B | $17.1B | $15.4B | $13.9B |
| Operating expenses | $12.5B | $12.4B | $10.4B | $9.3B | $8.1B |
| Operating income | $8.7B | $6.7B | $6.7B | $6.1B | $5.8B |
| Interest expense | $263.0M | $169.0M | $113.0M | $112.0M | $113.0M |
| Pretax income | $8.7B | $6.9B | $6.8B | $6.0B | $5.7B |
| Income tax expense | $1.6B | $1.4B | $1.4B | $1.3B | $883.0M |
| Net income | $7.1B | $5.6B | $5.4B | $4.8B | $4.8B |
| Balance Sheet | |||||
| Cash and equivalents | $5.4B | $7.6B | $7.1B | $4.2B | $3.8B |
| Current assets | $10.2B | $11.2B | $11.1B | $9.0B | $8.7B |
| Total assets | $29.5B | $30.2B | $29.8B | $27.2B | $27.2B |
| Current liabilities | $10.2B | $10.5B | $8.3B | $8.1B | $6.9B |
| Total liabilities | $17.9B | $16.1B | $13.3B | $13.1B | $12.4B |
| Total debt | $6.2B | $5.7B | $3.6B | $4.2B | $4.2B |
| Stockholders' equity | $11.6B | $14.1B | $16.5B | $14.1B | $14.8B |
| Cash Flow Statement | |||||
| Cash from operations | $10.0B | $8.1B | $7.3B | $7.8B | $7.2B |
| Depreciation and amortization | $818.0M | $857.0M | $872.0M | $856.0M | $788.0M |
| Stock-based compensation | $1.9B | $1.8B | $1.7B | $1.4B | $1.1B |
| Capital expenditure | $179.0M | $183.0M | $360.0M | $442.0M | $348.0M |
| Free cash flow | $9.9B | $7.9B | $6.9B | $7.4B | $6.9B |
| Share repurchases | $11.3B | $9.5B | $4.4B | $6.5B | $4.0B |
Shares outstanding 404.2M · Free float 99.7%
Annual filing data through FY ended November 28, 2025; float as of July 3, 2026.