Adobe's Income Statement Analysis: Revenue to Profit Breakdown
Adobe's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Nov 30, 2021
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FY22
Nov 30, 2022
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FY23
Nov 30, 2023
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FY24
Nov 30, 2024
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FY25
Nov 28, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$15.79 B | $17.61 B | $19.41 B | $21.51 B | $23.77 B | $24.45 B |
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Cost of Revenue Direct cost of goods/services. |
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$1.87 B | $2.17 B | $2.35 B | $2.36 B | $2.71 B | $2.67 B |
Gross Profit Revenue minus cost of revenue. |
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$13.92 B | $15.44 B | $17.06 B | $19.15 B | $21.06 B | $21.79 B |
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Operating Expense
Costs to run business. |
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$8.12 B | $9.34 B | $10.41 B | $12.41 B | $12.36 B | $12.83 B |
Research and Development Investment in innovation. |
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$2.54 B | $2.99 B | $3.47 B | $3.94 B | $4.29 B | $4.38 B |
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Sales, General and Administrative
Selling and admin costs. |
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$5.41 B | $6.19 B | $6.76 B | $7.29 B | $8.06 B | $8.37 B |
General and Administrative Corporate overhead costs. |
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$1.09 B | $1.22 B | $1.41 B | $1.53 B | $1.57 B | $1.67 B |
Sales and Marketing Customer acquisition costs. |
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$4.32 B | $4.97 B | $5.35 B | $5.76 B | $6.49 B | $6.70 B |
Other Expenses Other operating costs. |
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$172.00 M | $169.00 M | $168.00 M | $1.17 B | - | $79.00 M |
Operating Income Profit from operations. |
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$5.80 B | $6.10 B | $6.65 B | $6.74 B | $8.71 B | $8.96 B |
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Net Interest Income
Interest income minus expense. |
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-$96.00 M | -$51.00 M | $156.00 M | $177.00 M | -$263.00 M | -$138.00 M |
Interest Income Income from investments. |
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$17.00 M | $61.00 M | $269.00 M | $341.00 M | - | - |
Interest Expense Cost of borrowing. |
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$113.00 M | $112.00 M | $113.00 M | $164.00 M | $263.00 M | $138.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$12.00 M | -$22.00 M | -$262.00 M | -$359.00 M | -$225.00 M | -$144.00 M |
Total Other Income (Net) Net non-operating items. |
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-$97.00 M | -$90.00 M | $149.00 M | $190.00 M | $28.00 M | $13.00 M |
Income Before Tax Profit before taxes. |
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$5.71 B | $6.01 B | $6.80 B | $6.93 B | $8.73 B | $8.97 B |
Income Tax Expense Taxes on income. |
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$883.00 M | $1.25 B | $1.37 B | $1.37 B | $1.60 B | $1.77 B |
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Net Income
Final profit. |
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$4.82 B | $4.76 B | $5.43 B | $5.56 B | $7.13 B | $7.21 B |
Net Income From Continuing Operations Profit from core business. |
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$4.82 B | $4.76 B | $5.43 B | $5.56 B | $7.13 B | $7.21 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$10.10 | $10.13 | $11.88 | $12.44 | $16.73 | $17.19 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$10.02 | $10.10 | $11.83 | $12.36 | $16.70 | $17.18 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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477.00 M | 470.00 M | 457.00 M | 447.10 M | 426.00 M | 410.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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481.00 M | 471.00 M | 459.00 M | 450.00 M | 427.00 M | 411.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$5.81 B | $6.10 B | $6.91 B | $7.10 B | $8.93 B | $9.11 B |
EBITDA Earnings before interest, tax, D&A. |
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$6.68 B | $7.06 B | $7.78 B | $7.96 B | $9.75 B | $9.88 B |
Depreciation and Amortization Non-cash expense for assets. |
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$861.00 M | $939.00 M | $872.00 M | $857.00 M | $818.00 M | $775.00 M |
| Company Report |
Adobe's Assets vs Liabilities & Equity
Adobe's Assets vs Liabilities & Equity
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