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Adobe ADBE Q2 2025 earnings

Reported June 12, 2025 · After market close

Revenue$5.9BBeat by $73.7M
EPS$5.06Beat by $0.09
Revenue estimate$5.8B
EPS estimate$4.97

Next report

Date not yet announced

Financials

Q2 2025

Income statement

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Revenue$5.9B+10.6%
Gross profit$5.2B+11.1%
Operating income$2.1B+11.9%
Net income$1.7B+7.5%
EPS (diluted)$3.94+12.9%

Balance sheet

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Cash & equivalents$4.9B-35.6%
Total debt$6.6B+7.8%
Total equity$11.4B-22.9%
Total assets$28.1B-6.3%

Cash flow

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Operating cash flow$2.2B+12.9%
CapEx$47.0M+14.6%
Free cash flow$2.1B+12.9%

Valuation & ratios

Valuation

as of 05/30/25
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Market cap$176.06B-11.6%
Enterprise value$177.7B-10.1%
P/E25.6×-13.6×
P/S7.8×-2.0×

Profitability

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Gross margin89.2%+1.0pp
Operating margin36.4%+5.9pp
Net margin30.4%+5.5pp
FCF margin41.8%+10.6pp

Returns & leverage

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Return on equity52.3%+18.0pp
Debt / equity0.6×+0.2×
Current ratio1×-0.2×

Segments

By geography

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Americas$3.5B+9.8%
EMEA$1.5B+13.2%

By product

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Subscription$5.6B+11.5%
Services and other$144.0M-0.7%

FAQ

When did Adobe report Q2 2025 earnings?
Adobe (ADBE) reported Q2 2025 earnings on June 12, 2025 after market close.
What were Adobe's Q2 2025 revenue and EPS?
Adobe reported revenue of $5.9B and eps of $5.06 for Q2 2025.
Did Adobe beat estimates in Q2 2025?
Revenue beat the consensus estimate of $5.8B by $73.7M. EPS beat the consensus estimate of $4.97 by $0.09.
How did Adobe's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $5.3B a year earlier and eps grew 12.9% from $4.48.
Where can I find Adobe's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000796343-25-000064) and the 10-Q periodic report (0000796343-25-000073) directly on SEC EDGAR. The filing index links above go to sec.gov.