ADOBE INC. earnings

Adobe reported record third quarter revenue of $6.76 billion, up 12.9% from $5.99 billion a year earlier. Year-to-date revenue reached $19.78 billion, up 12.5%. Subscription revenue made up 97% of the total. Total Adobe ARR exiting the quarter was $27.50 billion, up 11.2% year over year.

Adobe posted record revenue of $6.62 billion in its fiscal 2026 second quarter, up 12.7% from the prior-year quarter. Gross profit rose 12.8% to $5.90 billion, and gross margin was 89.2%, flat versus a year earlier. The bottom line grew more slowly.

Adobe opened fiscal 2026 with record first quarter revenue of $6.40 billion, up 12% from the prior-year quarter. Gross profit was $5.73 billion, up 12.6%, and gross margin reached 89.6%, up 0.5 percentage points.

Adobe closed fiscal 2025 with record fourth-quarter revenue of $6.19 billion, up 10.5% from the prior-year quarter. Gross profit was $5.54 billion, up 11.1%. Operating income was $2.26 billion, up 15.5%. Net income was $1.86 billion, up 10.3%. Gross margin was 89.5%, up 0.5 percentage points.

Adobe reported record third-quarter fiscal 2025 revenue of $5.99 billion, up 10.7% from the prior-year quarter. Gross profit was $5.35 billion, up 10.1%. Operating income was $2.17 billion, up 9.1%. Net income was $1.77 billion, up 5.2%. Diluted earnings per share was $4.18, up 11.2%.

Adobe reported record revenue for the second quarter of fiscal 2025. Revenue was $5.87 billion, up 10.6% from the prior year quarter. That is an increase of $564 million. Gross profit was $5.24 billion, up 11.1%. Operating income was $2.11 billion, up 11.9%. Net income was $1.69 billion, up 7.5%.

Adobe reported record first-quarter fiscal 2025 revenue of $5.71 billion, up 10.3% from the prior-year quarter. Revenue growth was 11 percent in constant currency. Gross profit rose to $5.09 billion, up 10.9%, and gross margin reached 89.1%, up 0.5 percentage points.

Adobe closed fiscal 2024 with record fourth-quarter revenue of $5.61 billion, up 11.1% from the prior-year quarter. Gross profit rose to $4.99 billion, up 13.0%, and gross margin reached 89.0%, up 1.6 percentage points.

Adobe's fiscal 2024 third quarter, ended Aug. 30, 2024, showed broad growth in the core subscription business. Total revenue was $5.41 billion, up 10.6% from the prior-year quarter. Gross profit was $4.85 billion, up 12.6%, and gross margin reached 89.8%, up 1.6 percentage points.

Adobe's FY2024 Q2 revenue was $5.31 billion, up 10.2% from the prior-year quarter. GAAP gross profit was $4.71 billion, up 11.0%, and gross margin was 88.7%, up 0.6 percentage points. GAAP operating income was $1.89 billion, up 16.1%, and operating margin was 35.5%, up 1.8 percentage points.

Adobe reported first quarter fiscal 2024 revenue of $5.18 billion, up 11.3% from the prior-year quarter. The press release called it record Q1 revenue and noted 11% growth as reported and 12% in constant currency. Gross profit was $4.59 billion, up 12.4%, and gross margin reached 88.6%, up 0.8 percentage points.

Adobe closed fiscal 2023 with its first $5 billion revenue quarter. Q4 revenue was $5.05 billion, up 11.6% from the prior-year quarter, and fiscal 2023 revenue was $19.41 billion, up 10.2% from fiscal 2022. Q4 gross profit was $4.41 billion, up 11.5%, and gross margin was 87.4%, flat with last year.

Adobe's third quarter of fiscal 2023 delivered record revenue of $4.89 billion, up 10.3 percent from the prior-year quarter, or 13 percent in constant currency. GAAP diluted EPS was $3.05, up 26.0 percent. GAAP operating income was $1.70 billion, up 14.4 percent, and GAAP net income was $1.40 billion, up 23.5 percent.

Adobe reported record second-quarter fiscal 2023 revenue of $4.82 billion, up 9.8% from the prior-year quarter. Gross profit rose 10.3% to $4.24 billion. Operating income increased 6.2% to $1.62 billion. Net income was $1.30 billion, up 9.9%, and diluted EPS came in at $2.82, up 13.3%.

Adobe reported first-quarter fiscal 2023 revenue of $4.66 billion, up 9.2% from the prior-year quarter. Gross profit was $4.09 billion, up 9.0%. Operating income was $1.59 billion, flat versus the prior-year quarter. Net income was $1.25 billion, down 1.5%. GAAP diluted earnings per share rose 1.9% to $2.71.

Adobe closed fiscal 2022 with record revenue. Fourth-quarter revenue was $4.525 billion, up 10.1% from the prior-year quarter. Full-year revenue reached $17.606 billion, up 11.5%. That top-line growth came with margin pressure.

Adobe reported record revenue for its fiscal 2022 third quarter. Total revenue was $4.43 billion, up 12.7% from the prior-year quarter, and the company said growth was 15% in constant currency. The quarter ended September 2, 2022.

Adobe's second quarter of fiscal 2022 produced record revenue of $4.39 billion, up 14 percent from the prior-year quarter. Constant-currency growth was 15 percent. First-half revenue was $8.65 billion, up 11.7 percent.

Adobe opened fiscal 2022 with first quarter revenue of $4.26 billion, up 9.1% from $3.90 billion in the prior-year quarter. GAAP operating income rose 8.7% to $1.58 billion, and gross profit rose 8.4% to $3.75 billion. Net income was flat at $1.27 billion. Diluted EPS was $2.66, up $0.05 from $2.61 a year earlier.

Adobe reported fourth-quarter fiscal 2021 revenue of $4.11 billion, up 20.0% from the prior-year quarter. GAAP operating income was $1.50 billion, up 23.5%. GAAP net income fell 45.2% to $1.23 billion. Gross margin was 87.7%, up 0.2 percentage points, and operating margin was 36.5%, up 1.0 percentage point.

Adobe closed fiscal 2021 third quarter with record revenue of $3.94 billion, up 22.0% from the prior-year quarter. GAAP diluted EPS was $2.52, up 27.9%, and non-GAAP diluted EPS was $3.11, up 21%. Gross profit rose to $3.47 billion, up 23.9%, and gross margin improved to 88.1% from 86.8%.

Adobe reported second quarter fiscal 2021 results for the period ended June 4, 2021. Revenue rose 22.6% year over year to $3.84 billion. Gross profit was $3.39 billion, up 25.0%. Operating income increased 38.4% to $1.41 billion. Net income was $1.12 billion, up 1.5%. Diluted EPS was $2.32, up 2.2%.

Adobe reported record first-quarter fiscal 2021 revenue of $3.91 billion, up 26% from the prior-year quarter. GAAP gross profit was $3.46 billion, up 31%. GAAP operating income reached $1.45 billion, up 55%. GAAP net income was $1.26 billion, up 32%. GAAP diluted earnings per share was $2.61, up 33%.

Adobe closed fiscal 2020 with record fourth-quarter revenue of $3.42 billion, up 14.4% from the prior-year quarter. Full-year revenue reached $12.87 billion, up 15.2%. GAAP diluted earnings per share was $4.64 for the quarter, up from $1.74 a year earlier, and $10.83 for the year, up from $6.00.

Adobe reported record revenue of $3.22 billion for its third quarter of fiscal 2020, up 13.8 percent from the prior-year quarter. GAAP gross profit was $2.80 billion, up 15.7 percent, and gross margin expanded to 86.8%, up 1.4 percentage points.

Adobe reported record revenue for its fiscal 2020 second quarter ended May 29, 2020. Revenue was $3.13 billion, up 14 percent from the prior-year quarter. GAAP diluted EPS was $2.27, up 76 percent. Non-GAAP diluted EPS was $2.45. Gross margin was 86.7 percent, up 1.6 percentage points.

Adobe Inc. opened fiscal 2020 with strong growth across its major financial lines. Revenue for the first quarter ended February 28, 2020 was $3.091 billion, up 18.8% from the prior-year quarter. Gross profit rose to $2.639 billion, up 19.7%. Operating income climbed to $937 million, up 34.8%.

Adobe closed fiscal 2019 with a strong fourth quarter. Revenue for the quarter ended November 29, 2019 was $2.99 billion, up 21.4% from the prior-year quarter. Full-year revenue reached $11.17 billion, up 23.7%.

Adobe reported fiscal 2019 third-quarter revenue of $2.83 billion, up 23.7% from the prior-year quarter. Year-to-date revenue was $8.18 billion, up 24.6%. Gross profit was $2.42 billion, up 21.2%, but gross margin slipped to 85.3% from 87.1%, down 1.8 percentage points.

Adobe reported fiscal 2019 second quarter revenue of $2.74 billion, up 25.0% from the prior-year quarter. Gross profit was $2.34 billion, up 22.1%. Operating income rose 7.3% to $749.55 million. Net income fell 4.6% to $632.59 million, and diluted EPS declined 3.0% to $1.29.

Adobe's fiscal 2019 first quarter revenue rose 25.1% to $2.60 billion from the prior-year quarter. Gross profit climbed 21.1% to $2.20 billion. The top line benefited from broad demand across Digital Media and Digital Experience, but operating income slipped 1.1% to $694.83 million.

Adobe closed fiscal 2018 with a strong fourth quarter. Revenue for the quarter ended November 30, 2018 was $2.46 billion, up 22.8% from the prior-year quarter. Gross profit was $2.11 billion, up 21.3%. Operating income was $720.55 million, up 11.0%. Net income was $678.24 million, up 35.2%.

Adobe's fiscal 2018 third quarter showed growth across the income statement. Revenue was $2.29 billion, up 24.4% from the prior-year quarter. Gross profit was $2.00 billion, up 26.5%. Operating income was $718.61 million, up 31.7%. Net income was $666.29 million, up 58.8%. Diluted EPS was $1.34, up $0.50.

Adobe Systems reported a strong fiscal 2018 second quarter. Total revenue reached $2.20 billion, up 23.9% from the prior-year quarter. Year-to-date revenue was $4.27 billion, up 23.8% from the same period a year earlier.

Adobe closed FY2018 Q1 with revenue of $2.08 billion, up 23.6% from the prior-year quarter. Gross profit reached $1.82 billion, up 26.0%, and gross margin expanded to 87.5%, up 1.7 percentage points. Operating income was $702.73 million, up 49.8%, lifting operating margin to 33.8%, up 5.9 percentage points.

Adobe closed fiscal 2017 with fourth-quarter revenue of $2.01 billion, up 24.8% from the prior-year quarter. Gross profit rose 24.7% to $1.74 billion. Operating income increased 37.5% to $649.34 million. Net income was $501.55 million, up 25.5%. Diluted EPS reached $1.00, up 25.0%.

Adobe Systems reported a strong fiscal 2017 third quarter. Revenue was $1.84 billion, up 25.8% from the prior-year quarter. Gross profit was $1.58 billion, up 25.1%. Operating income was $545.67 million, up 47.7%. Net income was $419.57 million, up 54.9%. Diluted EPS was $0.84, up $0.30 or 55.6%.

Adobe Systems reported strong growth for the second quarter of fiscal 2017, which ended June 2, 2017. Revenue rose to $1.77 billion, up 26.7% from the prior-year quarter. Gross profit reached $1.53 billion, up 28.1%. Operating income climbed to $504.08 million, up 46.4%. Net income was $374.39 million, up 53.4%.

Adobe's first quarter of fiscal 2017 delivered strong top-line and bottom-line growth. Revenue was $1.68 billion, up 21.6% from the prior-year quarter. Gross profit was $1.44 billion, up 21.9%. Operating income was $469.0 million, up 52.4%. Net income was $398.4 million, up 56.7%. Diluted EPS was $0.80, up 60.0%.

Adobe closed fiscal 2016 with strong top-line and bottom-line growth. Fourth-quarter revenue was $1.61 billion, up 23.1% from the prior-year quarter. Gross profit was $1.39 billion, up 26.0%. Operating income was $472.28 million, up 62.6%. Net income was $399.61 million, up 79.4%. Diluted EPS was $0.80, up 81.8%.

Adobe reported strong fiscal 2016 third quarter results. Total revenue reached $1.46 billion, up 20.2% from the prior-year quarter. Gross profit was $1.26 billion, up 22.8%. Operating income rose to $369.32 million, up 50.1%. Net income climbed to $270.79 million, up 55.2%.

Adobe reported strong fiscal 2016 second quarter results. Revenue for the quarter ended June 3, 2016 was $1.40 billion, up 20.4% from the prior-year quarter. Gross profit rose 22.5% to $1.20 billion. Operating income climbed 77.8% to $344.24 million. Net income increased 65.5% to $244.07 million.

Adobe reported a strong first quarter of fiscal 2016. Revenue rose 24.7% to $1.38 billion from the prior-year quarter. Gross profit increased 25.7% to $1.18 billion. Operating income climbed 77.9% to $307.76 million. Net income jumped 199.6% to $254.31 million. Diluted EPS was $0.50, up $0.33.

Adobe closed fiscal 2015 with fourth-quarter revenue of $1.31 billion, up 21.7% from the prior-year quarter. Gross profit was $1.11 billion, up 21.1%. Operating income reached $290.43 million, up 133.3%, and net income was $222.70 million, up 152.7%. Diluted EPS came in at $0.44, up 158.8%.

Adobe's fiscal 2015 third quarter, ended August 28, 2015, showed broad GAAP growth. Revenue was $1.22 billion, up 21.1% from the prior-year quarter. Gross profit was $1.03 billion, up 21.1%. Operating income was $246.02 million, up 231.7%. Net income was $174.46 million, up 290.4%.

Adobe reported FY2015 Q2 revenue of $1.16 billion, up 8.8% from the prior-year quarter. Gross profit was $977.0 million, up 7.0%. Operating income rose 43.1% to $193.6 million. Net income increased 66.6% to $147.5 million. Diluted EPS was $0.29, up 70.6%. Gross margin slipped to 84.1%, down 1.4 percentage points.

Adobe Systems reported first-quarter fiscal 2015 results for the period ended February 27, 2015. Revenue was $1.11 billion, up 10.9% from the prior-year quarter. Gross profit was $942.38 million, up 10.7%. Operating income was $173.02 million, up 119.7%. Net income was $84.89 million, up 80.4%.

Adobe closed fiscal 2014 with fourth-quarter revenue of $1.07 billion, up 3.0% from the prior-year quarter. Gross profit was $912.38 million, up 2.0%, while gross margin slipped 0.8 percentage points to 85.0%. Operating income rose 21.1% to $124.50 million, and operating margin expanded 1.7 percentage points to 11.6%.

Adobe's fiscal 2014 third quarter revenue reached $1.01 billion, up 1.0% from the prior-year quarter. Year-to-date revenue was $3.07 billion, up 2.0%. Gross profit was $847.68 million, flat compared with the prior-year quarter. Gross margin slipped to 84.3%, down 0.9 percentage points.

Adobe Systems reported fiscal 2014 second-quarter revenue of $1.07 billion, up 5.7% from the prior-year quarter. Gross profit was $913.30 million, up 4.3%. Operating income was $135.26 million, up 21.5%. Net income was $88.53 million, up 15.7%. Diluted EPS was $0.17, up $0.02.

Adobe's fiscal 2014 first quarter showed the cost of its subscription transition. Revenue was $1.00 billion, down 0.8% from the prior-year quarter. Gross profit was $851.61 million, flat versus the prior-year quarter, and gross margin rose to 85.2% from 84.5%.

Adobe closed fiscal 2013 with a fourth quarter that showed the financial strain of its subscription transition. Revenue for the quarter ended November 29, 2013 was $1.04 billion, down 9.7% from the prior-year quarter. Gross profit fell 13.1% to $894.18 million. Operating income dropped 66.6% to $102.84 million.

Adobe Systems reported a sharp decline in GAAP results for FY2013 Q3 as the company continued its shift to subscription pricing. Revenue was $995.1 million, down 7.9% from the prior-year quarter. Gross profit was $848.0 million, down 11.8%. Operating income was $110.4 million, down 60.3%.

Adobe's fiscal 2013 second quarter showed the financial strain of its subscription transition. Revenue was $1.01B, down 10.1% from the prior-year quarter. Gross profit was $875.27M, down 11.9%. Operating income was $111.31M, down 63.5%. Net income was $76.55M, down 65.8%. Diluted EPS was $0.15, down 66.7%.

Adobe's first quarter of fiscal 2013 showed the strain of its subscription transition. Revenue was $1.01 billion, down 3.6% year over year. Gross profit was $851.19 million, down 9.2%. Operating income was $98.22 million, down 66.0%. Net income was $65.12 million, down 64.8%. Diluted EPS was $0.13, down 64.9%.

Adobe's fiscal 2012 fourth quarter revenue was $1.15 billion, flat compared with the prior-year quarter. Full-year revenue was $4.40 billion, up 4.4% from fiscal 2011. Gross profit in the quarter was $1.03 billion, down 0.7%, and gross margin was 89.2%, down 0.7 percentage points.

Adobe's fiscal 2012 third quarter delivered steady top-line growth with softer profitability. Revenue was $1.08 billion, up 6.6% from the prior-year quarter. Gross profit was $960.96 million, up 5.8%. Operating income was $278.30 million, up 1.5%.

Adobe Systems reported fiscal 2012 second-quarter revenue of $1.12 billion, up 9.9% from the prior-year quarter. Year-to-date revenue was $2.17 billion, up 5.8%. Gross profit was $993.53 million, up 8.7%, and operating income was $305.14 million, up 10.3%. Net income fell 2.4% to $223.88 million.

Adobe closed the fiscal 2012 first quarter with revenue of $1.05 billion, up 1.7% from the prior-year quarter. Gross profit was $936.96 million, up 1.8%, and gross margin reached 89.6%, up 0.1 percentage points. Profit moved the other way.

Adobe closed fiscal 2011 with fourth-quarter revenue of $1.15 billion, up 14.3% from the prior-year quarter. Full-year revenue reached $4.22 billion, up 11.0%. Gross profit was $1.04 billion in the quarter, up 15.0%, and $3.78 billion for the year, up 11.2%.

Adobe's fiscal 2011 third quarter, ended September 2, 2011, showed a clear split between modest top-line growth and weaker profitability. Revenue rose 2.3% to $1.01 billion from the prior-year quarter. Gross profit increased 1.9% to $908.56 million. Gross margin slipped 0.3 percentage points to 89.7%.

Adobe Systems reported FY2011 Q2 results for the quarter ended June 3, 2011. Revenue was $1,023,179,000, up 8.5% from the prior-year quarter. Year-to-date revenue was $2,050,885,000, up 13.8% from the prior-year period. Gross profit was $913,978,000 in the quarter, up 9.4%, and $1,834,045,000 year to date, up 14.3%.

Adobe Systems reported record revenue for its fiscal 2011 first quarter. Revenue reached $1.03 billion, up 19.7% from $858.70 million in the prior-year quarter. Gross profit was $920.07 million, up 19.6%. Operating income climbed to $302.33 million, up 71.0% from $176.83 million.

Adobe Systems closed fiscal 2010 with record revenue. Fourth-quarter revenue was $1.01 billion, up 33.1% from the prior-year quarter. Full-year revenue was $3.80 billion, up 29.0%. Gross profit was $900.73 million in the quarter, up 33.4%, and $3.40 billion for the year, up 28.2%.

Adobe Systems reported record revenue for FY2010 Q3. Total revenue was $990.32 million, up 42.0% from the prior-year quarter. Gross profit was $891.24 million, up 40.9%. Gross margin was 90.0%, down 0.7 percentage points. Operating income was $302.01 million, up 80.2%.

Adobe's FY2010 second quarter revenue was $943.04 million, up 33.8% from the prior-year quarter. The company reported record revenue for the quarter. Gross profit rose 32.0% to $835.20 million. Gross margin slipped 1.2 percentage points to 88.6%.

Adobe Systems reported first-quarter fiscal 2010 revenue of $858.7 million, up 9.2% from the prior-year quarter. Gross profit rose 8.5% to $769.3 million. Operating income fell 14.9% to $176.8 million, and net income declined 18.7% to $127.2 million.

Adobe closed fiscal 2009 with a sharp contraction in fourth-quarter revenue and a swing to a net loss. Revenue for the quarter ended November 27, 2009, was $757.28 million, down 17.3% from the prior-year quarter. Gross profit fell 18.6% to $674.96 million, and gross margin slipped to 89.1%, down 1.4 percentage points.

Adobe's fiscal 2009 third quarter, ended August 28, 2009, reflected a weak macro economy. Revenue was $697.5 million, down 21.4% from the prior-year quarter. Year-to-date revenue was $2.19 billion, down 17.9%. Gross profit was $632.5 million, down 18.5%, while gross margin rose to 90.7%, up 3.2 percentage points.

Adobe's fiscal 2009 second quarter revenue was $704.7 million, down 20.5% from the prior-year quarter. Year-to-date revenue was $1.49 billion, down 16.1% from the prior-year period. Gross profit for the quarter was $632.66 million, down 21.3%. Gross margin was 89.8%, down 0.9 percentage points.