
Adobe Inc
NASDAQ:ADBE

Income Statement
Earnings Waterfall
Adobe Inc
Revenue
|
22B
USD
|
Cost of Revenue
|
-2.4B
USD
|
Gross Profit
|
19.6B
USD
|
Operating Expenses
|
-11.7B
USD
|
Operating Income
|
8B
USD
|
Other Expenses
|
-1.2B
USD
|
Net Income
|
6.8B
USD
|
Income Statement
Adobe Inc
Feb-2015 | May-2015 | Aug-2015 | Nov-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Aug-2018 | Nov-2018 | Mar-2019 | May-2019 | Aug-2019 | Nov-2019 | Feb-2020 | May-2020 | Aug-2020 | Nov-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | May-2024 | Aug-2024 | Nov-2024 | Feb-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 256
N/A
|
4 350
+2%
|
4 562
+5%
|
4 796
+5%
|
5 070
+6%
|
5 306
+5%
|
5 552
+5%
|
5 854
+5%
|
6 153
+5%
|
6 526
+6%
|
6 903
+6%
|
7 302
+6%
|
7 699
+5%
|
8 122
+5%
|
8 572
+6%
|
9 030
+5%
|
9 552
+6%
|
10 101
+6%
|
10 644
+5%
|
11 171
+5%
|
11 661
+4%
|
12 045
+3%
|
12 436
+3%
|
12 868
+3%
|
13 682
+6%
|
14 389
+5%
|
15 099
+5%
|
15 785
+5%
|
16 142
+2%
|
16 693
+3%
|
17 191
+3%
|
17 606
+2%
|
17 999
+2%
|
18 429
+2%
|
18 886
+2%
|
19 409
+3%
|
19 936
+3%
|
20 429
+2%
|
20 947
+3%
|
21 505
+3%
|
22 037
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(640)
|
(671)
|
(704)
|
(744)
|
(776)
|
(793)
|
(805)
|
(820)
|
(859)
|
(896)
|
(956)
|
(1 010)
|
(1 032)
|
(1 074)
|
(1 107)
|
(1 195)
|
(1 333)
|
(1 460)
|
(1 580)
|
(1 673)
|
(1 727)
|
(1 735)
|
(1 746)
|
(1 722)
|
(1 717)
|
(1 746)
|
(1 786)
|
(1 865)
|
(1 930)
|
(2 025)
|
(2 104)
|
(2 165)
|
(2 221)
|
(2 254)
|
(2 288)
|
(2 354)
|
(2 376)
|
(2 402)
|
(2 376)
|
(2 358)
|
(2 390)
|
|
Gross Profit |
3 616
N/A
|
3 679
+2%
|
3 859
+5%
|
4 051
+5%
|
4 294
+6%
|
4 513
+5%
|
4 748
+5%
|
5 035
+6%
|
5 294
+5%
|
5 630
+6%
|
5 947
+6%
|
6 291
+6%
|
6 667
+6%
|
7 048
+6%
|
7 465
+6%
|
7 835
+5%
|
8 219
+5%
|
8 641
+5%
|
9 064
+5%
|
9 499
+5%
|
9 934
+5%
|
10 310
+4%
|
10 690
+4%
|
11 146
+4%
|
11 965
+7%
|
12 643
+6%
|
13 313
+5%
|
13 920
+5%
|
14 212
+2%
|
14 668
+3%
|
15 087
+3%
|
15 441
+2%
|
15 778
+2%
|
16 175
+3%
|
16 598
+3%
|
17 055
+3%
|
17 560
+3%
|
18 027
+3%
|
18 571
+3%
|
19 147
+3%
|
19 647
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 088)
|
(3 093)
|
(3 101)
|
(3 147)
|
(3 256)
|
(3 326)
|
(3 437)
|
(3 542)
|
(3 639)
|
(3 816)
|
(3 956)
|
(4 123)
|
(4 265)
|
(4 452)
|
(4 696)
|
(4 995)
|
(5 386)
|
(5 758)
|
(6 045)
|
(6 060)
|
(6 424)
|
(6 533)
|
(6 698)
|
(6 723)
|
(7 211)
|
(7 499)
|
(7 797)
|
(8 118)
|
(8 284)
|
(8 617)
|
(8 993)
|
(9 343)
|
(9 674)
|
(9 976)
|
(10 186)
|
(10 405)
|
(10 589)
|
(10 795)
|
(11 044)
|
(11 406)
|
(11 650)
|
|
Selling, General & Administrative |
(2 184)
|
(2 186)
|
(2 182)
|
(2 215)
|
(2 299)
|
(2 343)
|
(2 420)
|
(2 488)
|
(2 537)
|
(2 646)
|
(2 722)
|
(2 822)
|
(2 903)
|
(3 017)
|
(3 173)
|
(3 366)
|
(3 612)
|
(3 856)
|
(4 033)
|
(3 954)
|
(4 255)
|
(4 312)
|
(4 403)
|
(4 373)
|
(4 770)
|
(4 974)
|
(5 185)
|
(5 194)
|
(5 494)
|
(5 703)
|
(5 955)
|
(5 949)
|
(6 392)
|
(6 556)
|
(6 661)
|
(6 510)
|
(6 836)
|
(6 934)
|
(7 041)
|
(7 293)
|
(7 451)
|
|
Research & Development |
(850)
|
(849)
|
(856)
|
(863)
|
(884)
|
(909)
|
(939)
|
(976)
|
(1 024)
|
(1 091)
|
(1 158)
|
(1 224)
|
(1 288)
|
(1 362)
|
(1 446)
|
(1 538)
|
(1 654)
|
(1 756)
|
(1 846)
|
(1 930)
|
(1 998)
|
(2 054)
|
(2 130)
|
(2 188)
|
(2 276)
|
(2 356)
|
(2 441)
|
(2 540)
|
(2 621)
|
(2 747)
|
(2 871)
|
(2 987)
|
(3 113)
|
(3 251)
|
(3 357)
|
(3 473)
|
(3 585)
|
(3 693)
|
(3 834)
|
(3 944)
|
(4 031)
|
|
Depreciation & Amortization |
(53)
|
(58)
|
(63)
|
(69)
|
(73)
|
(74)
|
(78)
|
(79)
|
(79)
|
(80)
|
(76)
|
(77)
|
(75)
|
(72)
|
(77)
|
(91)
|
(121)
|
(146)
|
(165)
|
(175)
|
(171)
|
(168)
|
(166)
|
(162)
|
(165)
|
(169)
|
(171)
|
(384)
|
(169)
|
(167)
|
(167)
|
(407)
|
(169)
|
(169)
|
(168)
|
(422)
|
(168)
|
(168)
|
(169)
|
(169)
|
(168)
|
|
Operating Income |
528
N/A
|
587
+11%
|
758
+29%
|
905
+19%
|
1 037
+15%
|
1 187
+14%
|
1 311
+10%
|
1 492
+14%
|
1 655
+11%
|
1 815
+10%
|
1 991
+10%
|
2 168
+9%
|
2 402
+11%
|
2 596
+8%
|
2 769
+7%
|
2 840
+3%
|
2 832
0%
|
2 884
+2%
|
3 019
+5%
|
3 439
+14%
|
3 510
+2%
|
3 777
+8%
|
3 992
+6%
|
4 423
+11%
|
4 754
+7%
|
5 144
+8%
|
5 516
+7%
|
5 802
+5%
|
5 928
+2%
|
6 051
+2%
|
6 094
+1%
|
6 098
+0%
|
6 104
+0%
|
6 199
+2%
|
6 412
+3%
|
6 650
+4%
|
6 971
+5%
|
7 232
+4%
|
7 527
+4%
|
7 741
+3%
|
7 997
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(48)
|
(47)
|
(49)
|
(52)
|
(57)
|
(58)
|
(58)
|
(97)
|
(56)
|
(61)
|
(55)
|
(54)
|
(55)
|
(54)
|
(74)
|
(86)
|
(78)
|
(109)
|
(102)
|
(84)
|
(95)
|
(63)
|
(53)
|
(61)
|
(68)
|
(72)
|
(82)
|
(97)
|
(109)
|
(125)
|
(139)
|
(91)
|
(125)
|
(110)
|
(97)
|
148
|
(99)
|
(115)
|
(133)
|
(121)
|
(168)
|
|
Non-Reccuring Items |
(21)
|
(21)
|
(20)
|
(2)
|
1
|
1
|
1
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(171)
|
0
|
0
|
0
|
(186)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 000)
|
(1 000)
|
(1 000)
|
(1 000)
|
0
|
|
Total Other Income |
1
|
1
|
1
|
22
|
22
|
22
|
22
|
38
|
5
|
12
|
15
|
24
|
33
|
35
|
43
|
40
|
40
|
40
|
30
|
20
|
7
|
(3)
|
(3)
|
0
|
4
|
4
|
0
|
0
|
(4)
|
(5)
|
4
|
1
|
84
|
132
|
193
|
1
|
297
|
332
|
354
|
311
|
316
|
|
Pre-Tax Income |
460
N/A
|
519
+13%
|
689
+33%
|
874
+27%
|
1 003
+15%
|
1 152
+15%
|
1 275
+11%
|
1 435
+13%
|
1 603
+12%
|
1 766
+10%
|
1 951
+10%
|
2 138
+10%
|
2 380
+11%
|
2 578
+8%
|
2 738
+6%
|
2 794
+2%
|
2 794
0%
|
2 814
+1%
|
2 947
+5%
|
3 205
+9%
|
3 421
+7%
|
3 711
+8%
|
3 936
+6%
|
4 176
+6%
|
4 690
+12%
|
5 076
+8%
|
5 434
+7%
|
5 705
+5%
|
5 815
+2%
|
5 921
+2%
|
5 959
+1%
|
6 008
+1%
|
6 063
+1%
|
6 221
+3%
|
6 508
+5%
|
6 799
+4%
|
6 169
-9%
|
6 449
+5%
|
6 748
+5%
|
6 931
+3%
|
8 145
+18%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(153)
|
(154)
|
(194)
|
(244)
|
(204)
|
(256)
|
(284)
|
(266)
|
(291)
|
(323)
|
(359)
|
(444)
|
(373)
|
(254)
|
(144)
|
(17)
|
(54)
|
(132)
|
(163)
|
(250)
|
(186)
|
(8)
|
(71)
|
1 084
|
876
|
506
|
405
|
(883)
|
(988)
|
(1 032)
|
(1 146)
|
(1 252)
|
(1 326)
|
(1 367)
|
(1 387)
|
(1 371)
|
(1 368)
|
(1 370)
|
(1 388)
|
(1 371)
|
(1 394)
|
|
Income from Continuing Operations |
306
|
365
|
495
|
630
|
799
|
896
|
992
|
1 169
|
1 313
|
1 443
|
1 592
|
1 694
|
2 007
|
2 323
|
2 594
|
2 777
|
2 740
|
2 681
|
2 784
|
2 954
|
3 235
|
3 703
|
3 865
|
5 260
|
5 566
|
5 582
|
5 839
|
4 822
|
4 827
|
4 889
|
4 813
|
4 756
|
4 737
|
4 854
|
5 121
|
5 428
|
4 801
|
5 079
|
5 360
|
5 560
|
6 751
|
|
Net Income (Common) |
306
N/A
|
365
+19%
|
495
+36%
|
630
+27%
|
799
+27%
|
896
+12%
|
992
+11%
|
1 169
+18%
|
1 313
+12%
|
1 443
+10%
|
1 592
+10%
|
1 694
+6%
|
1 879
+11%
|
2 167
+15%
|
2 414
+11%
|
2 591
+7%
|
2 682
+4%
|
2 651
-1%
|
2 778
+5%
|
2 951
+6%
|
3 232
+10%
|
3 700
+14%
|
3 862
+4%
|
5 260
+36%
|
5 566
+6%
|
5 582
+0%
|
5 839
+5%
|
4 822
-17%
|
4 827
+0%
|
4 889
+1%
|
4 813
-2%
|
4 756
-1%
|
4 737
0%
|
4 854
+2%
|
5 121
+6%
|
5 428
+6%
|
4 801
-12%
|
5 079
+6%
|
5 360
+6%
|
5 560
+4%
|
6 751
+21%
|
|
EPS (Diluted) |
0.6
N/A
|
0.72
+20%
|
0.97
+35%
|
1.24
+28%
|
1.57
+27%
|
1.76
+12%
|
1.96
+11%
|
2.32
+18%
|
2.62
+13%
|
2.89
+10%
|
3.19
+10%
|
3.38
+6%
|
3.76
+11%
|
4.34
+15%
|
4.85
+12%
|
5.2
+7%
|
5.42
+4%
|
5.38
-1%
|
5.64
+5%
|
6.01
+7%
|
6.61
+10%
|
7.62
+15%
|
7.95
+4%
|
10.85
+36%
|
11.52
+6%
|
11.6
+1%
|
12.12
+4%
|
10.02
-17%
|
10.15
+1%
|
10.33
+2%
|
10.25
-1%
|
10.1
-1%
|
10.3
+2%
|
10.57
+3%
|
11.14
+5%
|
11.83
+6%
|
10.52
-11%
|
11.26
+7%
|
11.96
+6%
|
12.36
+3%
|
15.41
+25%
|