Income StatementBalance SheetCash FlowSegments
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Adobe Income Statement

Revenue, expenses, and profitability over time

Adobe generated $24.5B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $7.2B with a 29.48% net margin. Gross margin stands at 89.4% and operating margin at 36.65%. Diluted EPS is $17.16, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$24.5BGross Profit (TTM)$21.9BOperating Income (TTM)$9.0BNet Income (TTM)$7.2BEps Diluted (TTM)$17.16
Latest FilingQ1 2026
Report Date2026-03-25
Market Cap$98.9B
P/E Ratio13.73
ROE58.77%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Translation Adjustments—-$32.0M$108.0M$21.0M—$23.0M
OCI Foreign Currency Translation Adjustment—-$32.0M———$23.0M
Capital Expenditures$48.0M$26.0M$47.0M$72.0M$34.0M$37.0M
Change in Deferred Revenue$353.0M$231.0M—$200.0M$496.0M$340.0M
Change in foreign currency translation—-$32.0M$108.0M$21.0M—$23.0M
Tax Withholding for Share-Based Payments$169.3M$159.0M———$123.0M
Foreign Currency Translation Adjustments, Net of Tax—-$32.0M$108.0M$21.0M—$23.0M
OCI - Foreign Currency Translation Adjustment—-$32.0M$108.0M$21.0M—$23.0M
Other Comprehensive Income (Loss), Net of Tax—$43.0M-$175.0M-$8.0M—-$50.0M
OCI - Cash flow hedge, net of tax—$74.0M-$283.0M-$29.0M—-$73.0M
Other comprehensive income (loss), net of tax—$74.0M-$283.0M-$29.0M—-$73.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$1.0M$0.0$0.0—$0.0
Unrealized Gain (Loss) on Securities—$1.0M$0.0$0.0—$0.0
Change in Income Taxes Payable—$365.0M———$371.0M
Change in Prepaid Expenses and Other Assets—$156.0M———$240.0M
Effect of Exchange Rate on Cash (Continuing Operations)—-$12.0M———$13.0M
Net Change in Cash and Restricted Cash—-$855.0M———$901.0M
Number of Operating Segments—————1.00
Payments to Acquire Marketable Securities—$533.0M———$306.0M
Value of Treasury Stock Reissued—-$63.0M———-$39.0M
OCI Cash Flow Hedge Gain (Loss)—$74.0M-$283.0M-$29.0M—-$73.0M
OCI Attributable to Parent—$43.0M-$175.0M-$8.0M—-$50.0M
Unrealized Gains (Losses) on Hedge Instruments—$74.0M-$283.0M-$29.0M—-$73.0M
Number of reportable segments—————1.00
Other investing activities, net—-$2.0M———-$1.0M
Income Taxes Paid, Net$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Interest Paid, Net$49.0M$48.0M$67.0M$81.0M$50.0M$79.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$1.0M$0.0$0.0—$0.0
OCI - Cash Flow Hedges, Net of Tax—$74.0M-$283.0M-$29.0M—-$73.0M
Share-based compensation expense related to employee stock plans—$475.0M$481.0M$497.0M—$509.0M
Pre-tax stock-based compensation cost—$475.0M$481.0M$497.0M—$509.0M
Amortization of capitalized software and acquired intangible assets—$84.0M$83.0M$81.0M—$41.0M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$2.6M$6.4M$5.9M—$6.3M
Change in treasury stock value due to deferred compensation plan—-$1.0M$1.0M——-$1.0M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$1.9B$1.5B$1.8B—$1.8B
Deferred and other income taxes-$127.0M-$169.0M-$119.0M-$103.0M-$121.0M$64.0M
Income Taxes Paid, Net$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Accounts payable$42.0M-$28.0M$35.0M-$30.0M$87.0M$3.0M
Increase Decrease In Accrued Income Taxes Payable—$365.0M-$426.0M—-$34.0M$371.0M
Accrued liabilities$358.0M-$378.0M$286.0M-$103.0M$375.0M-$450.0M
Increase (Decrease) in Prepaid Expense and Other Assets—$156.0M$65.0M——$240.0M
Add - Incremental shares under stock-based compensation plans (in shares)—$1.4M$700.0K$600.0K—$600.0K
Interest Paid, Excluding Capitalized Interest, Operating Activity$49.0M$48.0M$67.0M$81.0M$50.0M$79.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$2.5B-$2.8B-$3.8B-$1.9B-$2.6B-$2.5B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$19.0M-$484.0M-$278.0M-$279.0M-$146.0M$474.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$2.9B$2.5B$2.2B$2.2B$3.2B$3.0B
Number of operating segments—————$1.0
Number of reportable segments—————$1.0
Other comprehensive income/(loss) before reclassifications———-$22.0M—-$73.0M
Amortization of intangibles$42.0M$41.0M$41.0M$38.0M$37.0M$35.0M
Foreign currency translation—-$32.0M$108.0M$21.0M—$23.0M
Net gains (losses) deferred—$94.0M-$281.0M-$44.0M—-$96.0M
Unrealized gains (losses) on hedge instruments—$74.0M-$283.0M-$29.0M—-$73.0M
Other comprehensive income/(loss)—$43.0M-$175.0M-$8.0M—-$50.0M
Net unrealized gains (losses) on securities still held—$1.0M$0.0$0.0—$0.0
Other Noncash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other income, net (Note 6)$70.0M$75.0M$58.0M$58.0M$57.0M$62.0M
Payment for (Proceeds from) Other Investing Activity-$500.0K-$2.0M———-$1.0M
Payments for Repurchase of Common Stock$2.5B$3.3B$3.5B$2.1B$2.5B$2.5B
Payment, Tax Withholding, Share-Based Payment Arrangement$169.3M$159.0M———$123.0M
Payments to Acquire Long-Term Investments—$59.0M$136.0M$21.0M—$104.0M
Payments to Acquire Property, Plant, and Equipment$48.0M$26.0M$47.0M$72.0M$34.0M$37.0M
Payments to Acquire Short-Term Investments$59.0M$533.0M$209.0M$609.0M$683.0M$306.0M
Debt issued (Note 13)—$2.0B———$0.0
Financing — other$151.0M-$25.0M-$176.0M——-$27.0M
Proceeds from redemptions/sales of short-term investments—$132.0M———$920.0M
Proceeds from re-issuance of treasury stock—$96.0M—$252.0M—$84.0M
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—————$23.0M
Repayments of Long-Term Debt$0.0$1.5B———$0.0
Stock-based compensation$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value—-$63.0M-$112.0M$142.0M—-$39.0M
Treasury stock, value, acquired—$3.3B$3.5B$2.1B—$2.5B
Cash Flow Hedge Reclassification, After Tax—$20.0M$2.0M-$15.0M—-$23.0M
Currency Translation Adjustment, Net of Tax—-$32.0M$108.0M$21.0M—$23.0M
OCI Before Reclassifications, Net of Tax———-$22.0M—-$73.0M
Reclassification from AOCI, Net of Tax—————$23.0M
Other Comprehensive Income (Loss)—$1.9B$1.5B$1.8B—$1.8B
OCI Foreign Currency Translation—-$32.0M$108.0M$21.0M—$23.0M
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$43.0M-$175.0M-$8.0M—-$50.0M
OCI Net of Tax, Parent—$43.0M-$175.0M-$8.0M—-$50.0M
OCI Attributable to Parent—$43.0M———-$50.0M
Stock Repurchased During Period, Value—$3.3B———$2.5B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M
Amortization of Finite-Lived Intangible Assets—$84.0M$83.0M$81.0M—$41.0M
Total stock-based compensation—$475.0M$481.0M$497.0M—$509.0M
Share-Based Compensation Expense$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M
Amortization expense—$84.0M$83.0M$81.0M—$41.0M
Stock-Based Compensation Expense (Pre-tax)—$475.0M$481.0M$497.0M—$509.0M
Compensation and benefits—$475.0M$481.0M$497.0M—$509.0M
Depreciation and amortization$218.0M$217.0M$209.0M$208.0M$184.0M$174.0M
General and administrative$456.0M$367.0M$377.0M$408.0M$421.0M$463.0M
Allocated Share-Based Compensation Expense—$475.0M$481.0M$497.0M—$509.0M
R&D Software Expense$999.0M$1.0B$1.1B$1.1B$1.1B$1.1B
Share-Based Compensation (Operating)—$475.0M$481.0M$497.0M—$509.0M
Share-Based Compensation Expense Before Income Taxes—$475.0M$481.0M$497.0M—$509.0M
Stock-based compensation expense$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M
Other operating expenses$3.0B$2.9B$3.1B$3.2B$3.3B$3.3B
Selling and marketing$1.5B$1.5B$1.6B$1.6B$1.7B$1.7B
Share-Based Compensation$441.0M$475.0M$481.0M$497.0M$489.0M$509.0M
Total operating expenses$3.0B$2.9B$3.1B$3.2B$3.3B$3.3B
Stock-Based Compensation (Before Tax)—$475.0M$481.0M$497.0M—$509.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Gain (Loss) on Investments$14.0M$6.0M$2.0M$23.0M$12.0M$5.0M
Cash Paid for Interest$49.0M$48.0M$67.0M$81.0M$50.0M$79.0M
Other non-cash income (expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Gains on strategic investments, net$14.0M$6.0M$2.0M$23.0M$12.0M$5.0M
Gain (loss) on disposal of assets$14.0M$6.0M$2.0M$23.0M$12.0M$5.0M
Other Charges$70.0M$75.0M$58.0M$58.0M$57.0M$62.0M
Gains (losses) on equity investments$14.0M$6.0M$2.0M$23.0M$12.0M$5.0M
Interest expense$50.0M$62.0M$68.0M$67.0M$66.0M$63.0M
Net Change in Cash Flow Hedges—$74.0M-$283.0M-$29.0M—-$73.0M
Change in Accounts Payable$42.0M-$28.0M$35.0M-$30.0M$87.0M$3.0M
Change in Receivables—-$97.0M-$237.0M$359.0M$250.0M-$252.0M
Other Non-Cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Gains on disposal of investments and other property$14.0M$6.0M$2.0M$23.0M$12.0M$5.0M
Other income (expense), net$34.0M$19.0M-$8.0M$14.0M$3.0M$4.0M
Other Non-cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M
Other Non-Cash Income (Expense)-$11.0M-$17.0M-$18.0M-$2.0M-$11.0M-$46.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue Recognized from Contract Liability—$2.9B$1.8B$1.1B—$3.2B
Revenue Recognized from Contract Liabilities—$2.9B$1.8B$1.1B—$3.2B
Gift Card Revenue Recognized—$2.9B$1.8B$1.1B—$3.2B
Revenue Recognized from Contract Liability—$2.9B$1.8B$1.1B—$3.2B
Total revenue$5.6B$5.7B$5.9B$6.0B$6.2B$6.4B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Income Taxes Paid, Net$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Income tax expense$308.0M$371.0M$410.0M$415.0M$408.0M$533.0M
Deferred Income Tax Expense-$127.0M-$169.0M-$119.0M-$103.0M-$121.0M$64.0M
Income Taxes Paid, Net$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M
Deferred and Other Income Taxes-$127.0M-$169.0M-$119.0M-$103.0M-$121.0M$64.0M
Income and Other Taxes$338.0M$182.0M$1.0B$523.0M$514.0M$125.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of acquired technology—$43.0M$42.0M$42.0M—$5.0M
Total cost of revenue$616.0M$622.0M$638.0M$642.0M$649.0M$664.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.80$4.15$3.95$4.18$4.45$4.60
Diluted earnings per share$3.78$4.14$3.94$4.18$4.44$4.60
Antidilutive Securities Excluded from EPS—2.6M———6.3M
Weighted-average shares, basic—436.2M428.2M423.5M—410.2M
Weighted-average shares, diluted—437.6M428.9M424.1M—410.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$5.0B$5.1B$5.2B$5.3B$5.5B$5.7B
Operating income$2.0B$2.2B$2.1B$2.2B$2.3B$2.4B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.0B$2.2B$2.1B$2.2B$2.3B$2.4B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
OCI Attributable to Parent—$43.0M-$175.0M-$8.0M—-$50.0M
Net income$1.7B$1.8B$1.7B$1.8B$1.9B$1.9B