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Adobe financials
ADBETen years from Adobe’s own SEC filings. Fiscal years end in November.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterAug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.85B | $7.30B | $9.03B | $11.17B | $12.87B | $15.79B | $17.61B | $19.41B | $21.50B | $23.77B | $25.97B | — |
| Gross profit | $5.03B | $6.29B | $7.83B | $9.50B | $11.15B | $13.92B | $15.44B | $17.05B | $19.15B | $21.22B | $23.18B | — |
| Operating income | $1.49B | $2.17B | $2.84B | $3.27B | $4.24B | $5.80B | $6.10B | $6.65B | $6.74B | $8.71B | $9.27B | — |
| Net income | $1.17B | $1.69B | $2.59B | $2.95B | $5.26B | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B | $7.28B | — |
| Earnings per share, diluted | $2.32 | $3.38 | $5.20 | $6.00 | $10.83 | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterAug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.01B | $2.31B | $1.64B | $2.65B | $4.48B | $3.84B | $4.24B | $7.14B | $7.61B | $5.43B | — | $4.36B |
| Total assets | $12.71B | $14.54B | $18.77B | $20.76B | $24.28B | $27.24B | $27.16B | $29.78B | $30.23B | $29.50B | — | $29.98B |
| Debt | $1.89B | $1.88B | $4.12B | $989.0M | $4.12B | $4.12B | $3.63B | $3.63B | $4.13B | $6.21B | — | $4.77B |
| Total liabilities | $5.28B | $6.08B | $9.41B | $10.23B | $11.02B | $12.44B | $13.11B | $13.26B | $16.12B | $17.87B | — | $18.22B |
| Shareholders' equity | $7.42B | $8.46B | $9.36B | $10.53B | $13.26B | $14.80B | $14.05B | $16.52B | $14.11B | $11.62B | — | $11.76B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterAug 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.20B | $2.91B | $4.03B | $4.42B | $5.73B | $7.23B | $7.84B | $7.30B | $8.06B | $10.03B | $10.81B | — |
| Capital spending | $203.8M | $178.1M | $267.0M | $395.0M | $419.0M | $348.0M | $442.0M | $360.0M | $183.0M | $179.0M | $214.0M | — |
| Free cash flow | $2.00B | $2.73B | $3.76B | $4.03B | $5.31B | $6.88B | $7.40B | $6.94B | $7.87B | $9.85B | $10.59B | — |
| Buybacks | $1.07B | $1.10B | $2.05B | $2.75B | $3.05B | $3.95B | $6.55B | $4.40B | $9.50B | $11.28B | $9.29B | — |
| Returned to shareholders | $1.07B | $1.10B | $2.05B | $2.75B | $3.05B | $3.95B | $6.55B | $4.40B | $9.50B | $11.28B | $9.29B | — |
| Stock-based pay | $349.3M | $454.5M | $610.0M | $788.0M | $909.0M | $1.07B | $1.44B | $1.72B | $1.83B | $1.94B | $2.07B | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Adobe financials, answered
What is Adobe's market cap?
$95.43B at $245.20 a share, with 389,200,000 shares outstanding as of Sep 18, 2026, from the cover of its latest SEC filing.
How much does Adobe earn?
Revenue of $25.97B and net income of $7.28B in the last 12 months to Aug 2026.
How much debt does Adobe have?
Adobe reported $4.77B of debt and $4.36B of cash and equivalents on its balance sheet in Aug 2026.
Does Adobe make free cash flow?
Yes. Operating cash flow minus capital spending was $10.59B in the last 12 months to Aug 2026.
How much cash does Adobe return to shareholders?
$11.28B in buybacks and dividends in fiscal 2025, from the cash flow statement.