Free cash flow
Adobe Free cash flow increased by 47.0% to $3.13B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.8%, from $2.87B to $3.13B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 9.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.89B | $1.31B | $1.97B | $1.67B | $1.91B | $1.58B | $2.23B | $1.59B | $2.02B | $1.78B | $1.55B | $1.14B | $1.90B | $1.96B | $2.87B | $2.46B | $2.14B | $2.13B | $3.13B |
| QoQ Change | — | -30.9% | +50.3% | -15.1% | +14.7% | -17.5% | +41.5% | -28.7% | +26.8% | -11.7% | -13.0% | -26.6% | +67.0% | +3.4% | +46.3% | -14.5% | -12.7% | -0.8% | +47.0% |
| YoY Change | — | — | — | — | +1.1% | +20.6% | +13.6% | -4.6% | +5.4% | +12.9% | -30.6% | -28.6% | -5.9% | +10.2% | +85.4% | +116.0% | +12.9% | +8.2% | +8.8% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Adobe's free cash flow?
- Adobe (ADBE) reported free cash flow of $3.13B in Q3 2025.
- How has Adobe's free cash flow changed year-over-year?
- Adobe's free cash flow increased by 8.8% year-over-year, from $2.87B to $3.13B.
- What is the long-term trend for Adobe's free cash flow?
- Over 4 years (2021 to 2025), Adobe's free cash flow has grown at a 9.4% compound annual growth rate (CAGR), from $6.88B to $9.85B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.