Adobe Inc. (ADBE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 6.62B | 6.4B | 6.19B | 5.99B | 5.87B | 5.71B | 5.61B | 5.41B | 5.31B | 5.18B | 5.05B | 4.89B | 4.82B | 4.66B | 4.53B | 4.43B | 4.39B | 4.26B | 4.11B | 3.94B |
| Revenue Growth % | 12.69% | 11.97% | 10.49% | 10.72% | 10.62% | 10.27% | 11.05% | 10.59% | 10.24% | 11.32% | 11.56% | 10.31% | 9.8% | 9.22% | 10.1% | 12.66% | 14.37% | 9.14% | 20.04% | 22.02% |
| Cost of Goods Sold | 715M | 699M | 686M | 642M | 638M | 622M | 616M | 554M | 598M | 590M | 634M | 580M | 572M | 568M | 568M | 546M | 539M | 512M | 507M | 467M |
| COGS % of Revenue | 10.8% | 10.93% | 11.08% | 10.72% | 10.86% | 10.89% | 10.99% | 10.24% | 11.26% | 11.39% | 12.56% | 11.86% | 11.88% | 12.2% | 12.55% | 12.32% | 12.29% | 12.01% | 12.34% | 11.87% |
| Gross Profit | 5.9B | 5.7B | 5.51B | 5.35B | 5.24B | 5.09B | 4.99B | 4.85B | 4.71B | 4.59B | 4.41B | 4.31B | 4.24B | 4.09B | 3.96B | 3.89B | 3.85B | 3.75B | 3.6B | 3.47B |
| Gross Margin % | 89.2% | 89.07% | 88.92% | 89.28% | 89.14% | 89.11% | 89.01% | 89.76% | 88.74% | 88.61% | 87.44% | 88.14% | 88.12% | 87.8% | 87.45% | 87.68% | 87.71% | 87.99% | 87.66% | 88.13% |
| Gross Profit Growth % | 12.76% | 11.92% | 10.38% | 10.14% | 11.12% | 10.89% | 13.05% | 12.62% | 11% | 12.36% | 11.55% | 10.88% | 10.32% | 8.99% | 9.83% | 12.08% | 13.45% | 8.44% | 20.26% | 23.95% |
| Operating Expenses | 3.67B | 3.28B | 3.25B | 3.17B | 3.13B | 2.93B | 3.03B | 2.86B | 2.83B | 3.69B | 2.67B | 2.61B | 2.62B | 2.5B | 2.45B | 2.4B | 2.32B | 2.17B | 2.1B | 2.03B |
| OpEx % of Revenue | 55.38% | 51.28% | 52.42% | 52.99% | 53.23% | 51.26% | 54.1% | 52.92% | 53.23% | 71.11% | 52.91% | 53.44% | 54.4% | 53.73% | 54.19% | 54.21% | 52.85% | 50.92% | 51.14% | 51.51% |
| Selling, General & Admin | 2.43B | 2.17B | 2.15B | 2.05B | 2B | 1.86B | 1.99B | 1.8B | 1.8B | 1.7B | 1.74B | 1.69B | 1.7B | 1.63B | 1.64B | 1.58B | 1.54B | 1.43B | 1.41B | 1.33B |
| SG&A % of Revenue | 36.72% | 33.93% | 34.69% | 34.19% | 34.11% | 32.59% | 35.53% | 33.23% | 33.9% | 32.88% | 34.47% | 34.56% | 35.34% | 35.06% | 36.18% | 35.75% | 35.07% | 33.48% | 34.18% | 33.88% |
| Research & Development | 1.2B | 1.11B | 1.1B | 1.09B | 1.08B | 1.03B | 999M | 1.02B | 984M | 939M | 889M | 881M | 876M | 827M | 773M | 775M | 738M | 701M | 657M | 651M |
| R&D % of Revenue | 18.1% | 17.35% | 17.73% | 18.17% | 18.42% | 17.96% | 17.82% | 18.9% | 18.53% | 18.12% | 17.61% | 18.02% | 18.19% | 17.77% | 17.08% | 17.48% | 16.83% | 16.45% | 15.99% | 16.54% |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.24B | 2.42B | 2.26B | 2.17B | 2.11B | 2.16B | 1.96B | 1.99B | 1.89B | 907M | 1.74B | 1.7B | 1.62B | 1.59B | 1.5B | 1.48B | 1.53B | 1.58B | 1.5B | 1.44B |
| Operating Margin % | 33.82% | 37.79% | 36.5% | 36.29% | 35.91% | 37.85% | 34.91% | 36.83% | 35.51% | 17.5% | 34.53% | 34.7% | 33.72% | 34.07% | 33.26% | 33.48% | 34.86% | 37.07% | 36.52% | 36.62% |
| Operating Income Growth % | 6.12% | 11.79% | 15.53% | 9.09% | 11.88% | 138.48% | 12.28% | 17.38% | 16.07% | -42.81% | 15.81% | 14.35% | 6.21% | 0.38% | 0.27% | 2.98% | 8.75% | 8.67% | 23.54% | 34.8% |
| EBITDA | 2.43B | 2.59B | 2.44B | 2.38B | 2.32B | 2.38B | 2.17B | 2.21B | 2.1B | 1.12B | 1.98B | 1.93B | 1.86B | 1.8B | 1.72B | 1.7B | 1.76B | 1.81B | 1.73B | 1.65B |
| EBITDA Margin % | 36.73% | 40.51% | 39.47% | 39.76% | 39.47% | 41.65% | 38.8% | 40.77% | 39.54% | 21.59% | 39.28% | 39.53% | 38.6% | 38.63% | 38.01% | 38.35% | 40.15% | 42.59% | 42% | 42.03% |
| EBITDA Growth % | 4.87% | 8.91% | 12.41% | 7.98% | 10.43% | 112.69% | 9.68% | 14.07% | 12.91% | -37.76% | 15.29% | 13.71% | 5.56% | -0.94% | -0.35% | 2.78% | 9.11% | 10% | 22.85% | 31.27% |
| D&A (Non-Cash Add-back) | 193M | 174M | 184M | 208M | 209M | 217M | 218M | 213M | 214M | 212M | 240M | 236M | 235M | 212M | 215M | 216M | 232M | 235M | 225M | 213M |
| EBIT | 2.3B | 2.36B | 2.26B | 2.25B | 2.17B | 2.24B | 2.04B | 2.09B | 1.97B | 995M | 1.84B | 1.77B | 1.68B | 1.63B | 1.54B | 1.48B | 1.52B | 1.57B | 1.5B | 1.45B |
| Net Interest Income | -65M | 63M | -66M | -67M | -68M | -62M | -50M | -51M | -41M | -27M | 241M | -27M | -26M | -32M | -28M | -28M | -28M | -28M | -11M | -27M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 269M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 0 |
| Interest Expense | 65M | -63M | 66M | 67M | 68M | 62M | 50M | 51M | 41M | 27M | 28M | 27M | 26M | 32M | 28M | 28M | 28M | 28M | 28M | 27M |
| Other Income/Expense | 0 | 4M | 3M | 14M | -8M | 19M | 34M | 50M | 45M | 61M | 65M | 46M | 26M | 12M | 12M | -28M | -37M | -37M | -33M | -23M |
| Pretax Income | 2.24B | 2.42B | 2.26B | 2.19B | 2.1B | 2.18B | 1.99B | 2.04B | 1.93B | 968M | 1.81B | 1.74B | 1.65B | 1.6B | 1.52B | 1.46B | 1.49B | 1.54B | 1.47B | 1.42B |
| Pretax Margin % | 33.82% | 37.86% | 36.55% | 36.52% | 35.77% | 38.19% | 35.52% | 37.76% | 36.35% | 18.68% | 35.82% | 35.64% | 34.26% | 34.33% | 33.52% | 32.84% | 34.02% | 36.2% | 35.72% | 36.04% |
| Income Tax | 526M | 533M | 408M | 415M | 410M | 371M | 308M | 358M | 357M | 348M | 325M | 340M | 355M | 351M | 341M | 320M | 314M | 277M | 235M | 206M |
| Effective Tax Rate % | 23.5% | 22.01% | 18.02% | 18.98% | 19.51% | 17% | 15.47% | 17.53% | 18.5% | 35.95% | 17.98% | 19.51% | 21.52% | 21.96% | 22.48% | 21.98% | 21.05% | 17.95% | 16.01% | 14.53% |
| Net Income | 1.71B | 1.89B | 1.86B | 1.77B | 1.69B | 1.81B | 1.68B | 1.68B | 1.57B | 620M | 1.48B | 1.4B | 1.29B | 1.25B | 1.18B | 1.14B | 1.18B | 1.27B | 1.23B | 1.21B |
| Net Margin % | 25.87% | 29.52% | 29.96% | 29.59% | 28.79% | 31.69% | 30.02% | 31.14% | 29.63% | 11.96% | 29.38% | 28.69% | 26.89% | 26.79% | 25.99% | 25.63% | 26.86% | 29.7% | 30% | 30.8% |
| Net Income Growth % | 1.24% | 4.31% | 10.28% | 5.23% | 7.5% | 192.1% | 13.49% | 20.03% | 21.47% | -50.28% | 26.11% | 23.5% | 9.93% | -1.5% | -4.62% | -6.27% | 5.56% | 0.4% | -45.2% | 26.91% |
| Net Income (Continuing) | 1.71B | 1.89B | 1.86B | 1.77B | 1.69B | 1.81B | 1.68B | 1.68B | 1.57B | 620M | 1.48B | 1.4B | 1.29B | 1.25B | 1.18B | 1.14B | 1.18B | 1.27B | 1.23B | 1.21B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.25 | 4.60 | 4.45 | 4.18 | 3.95 | 4.13 | 3.80 | 3.76 | 3.49 | 1.36 | 3.23 | 3.05 | 2.82 | 2.71 | 2.52 | 2.42 | 2.49 | 2.67 | 2.57 | 2.52 |
| EPS Growth % | 7.59% | 11.38% | 17.11% | 11.17% | 13.18% | 203.68% | 17.65% | 23.28% | 23.76% | -49.82% | 28.17% | 26.03% | 13.25% | 1.5% | -1.95% | -3.97% | 7.33% | 2.3% | -44.61% | 27.92% |
| EPS (Basic) | 4.26 | 4.61 | 4.45 | 4.18 | 3.95 | 4.15 | 3.81 | 3.78 | 3.50 | 1.37 | 3.26 | 3.07 | 2.83 | 2.71 | 2.53 | 2.42 | 2.50 | 2.67 | 2.59 | 2.54 |
| Diluted Shares Outstanding | 402M | 411M | 417M | 430M | 433M | 438M | 443M | 448M | 451M | 456M | 459M | 459M | 459M | 459.5M | 466M | 469M | 473M | 475M | 480M | 481M |
| Basic Shares Outstanding | 402M | 410M | 417M | 429M | 432M | 436M | 443M | 445M | 449M | 453M | 455M | 456M | 458M | 459.5M | 465.31M | 469M | 472M | 473M | 476M | 477M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |