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Adobe ADBE Q4 2025 Annual earnings

Reported January 15, 2026

Revenue$6.2BBeat by $83.8M
EPS$4.45Miss by $0.95
Revenue estimate$6.1B
EPS estimate$5.40

Next report

Date not yet announced

Financials

Q4 2025

Income statement

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Revenue$6.2B+10.5%
Gross profit$5.5B+11.1%
Operating income$2.3B+15.5%
Net income$1.9B+10.3%
EPS (diluted)$4.44+17.5%

Balance sheet

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Cash & equivalents$5.4B-28.7%
Total debt$6.6B+9.8%
Total equity$11.6B-17.6%
Total assets$29.5B-2.4%

Cash flow

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Operating cash flow$3.2B+8.2%
CapEx$34.0M-29.2%
Free cash flow$3.1B+8.8%

Valuation & ratios

Valuation

as of 11/28/25
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Market cap$134.01B-41.0%
Enterprise value$135.22B-40.0%
P/E18.8×-22.1×
P/S5.6×-4.9×

Profitability

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Gross margin89.3%+0.2pp
Operating margin36.6%+5.3pp
Net margin30%+4.1pp
FCF margin41.4%+4.8pp

Returns & leverage

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Return on equity55.4%+19.1pp
Debt / equity0.6×+0.1×
Current ratio1×-0.1×

Segments

By geography

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Americas$3.7B+9.2%
EMEA$1.7B+13.0%
Other Americas$397.8M+14.3%

By product

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Subscription$6.0B+11.6%
Services and other$131.0M-18.1%

FAQ

When did Adobe report Q4 2025 earnings?
Adobe (ADBE) reported Q4 2025 earnings on January 15, 2026.
What were Adobe's Q4 2025 revenue and EPS?
Adobe reported revenue of $6.2B and eps of $4.45 for Q4 2025.
Did Adobe beat estimates in Q4 2025?
Revenue beat the consensus estimate of $6.1B by $83.8M. EPS missed the consensus estimate of $5.40 by $0.95.
How did Adobe's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.5% from $5.6B a year earlier and eps declined 7.5% from $4.81.
Where can I find Adobe's Q4 2025 SEC filings?
You can read the 10-K periodic report (0000796343-26-000003) directly on SEC EDGAR. The filing index links above go to sec.gov.