Income StatementBalance SheetCash FlowSegments
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Adobe Business Segments

Business, geographic, and product segment breakdowns

Adobe generates $24.5B in annual revenue across 2 key segments: Services and other ($493.0M), and Subscription ($2.1B). The company-wide operating margin is 36.65%. Based on the Q1 2026 filing.

Services and other (TTM)$493.0MSubscription (TTM)$2.1B
Latest FilingQ1 2026
Report Date2026-03-25
Market Cap$98.9B
P/E Ratio13.73
ROE58.77%

Products & Services

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subscription$475.0M$490.0M$505.0M$510.0M$522.0M$540.0M
Services and other$135.0M$126.0M$127.0M$127.0M$121.0M$118.0M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Subscription$5.4B$5.5B$5.6B$5.8B$6.0B$6.2B
Services and other$160.0M$136.0M$144.0M$129.0M$131.0M$110.0M

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
APAC—$807.0M$832.0M$847.0M—$904.0M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$3.4B$3.4B$3.5B$3.6B$3.7B$3.8B
EMEA$1.5B$1.5B$1.5B$1.6B$1.7B$1.7B
APAC$765.0M$840.0M$840.0M$840.0M$840.0M—
Other Americas$348.0M$397.8M$397.8M$397.8M$397.8M—

PP&E (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$86.0M———$101.0M—
Other Americas$1.0M———$1.0M—

Business Segments

Acquisitions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Digital Experience—$0.0$0.0$0.0$0.0—
Digital Media—$3.5M$3.5M$3.5M$3.5M—
Publishing and Advertising—$0.0$0.0$0.0$0.0—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Digital Experience$8.5B———$8.6B—
Digital Media$3.9B———$3.9B—
Publishing and Advertising$398.0M———$398.0M—

Goodwill, Foreign Currency Translation and Measurement Period Adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Digital Experience-$4.0M$13.0M$13.0M$13.0M$13.0M—
Digital Media-$250.0K$750.0K$750.0K$750.0K$750.0K—
Publishing and Advertising$0.0$0.0$0.0$0.0$0.0—

Acquisition-related expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$0.0———$2.0M

Amortization of purchased intangibles

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$83.0M———$39.0M

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$550.0M———$630.0M

General and Administrative, Significant Segment Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$307.0M———$333.0M

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$2.2B———$2.4B

Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$80.0M———$63.0M

Loss contingency

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$0.0———$62.0M

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$1.8B———$1.9B

Nonoperating Income (Expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$19.0M———$4.0M

Provision for income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$371.0M———$533.0M

Research and Development, Significant Segment Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$782.0M———$834.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$5.7B———$6.4B

Sales and Marketing, Significant Segment Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$1.4B———$1.6B

Stock-based and deferred compensation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reportable Segment—$469.0M———$514.0M