← ADOBE INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $5.9b $7.3b $9.0b $11.2b $12.9b $15.8b $17.6b $19.4b $21.5b $23.8b
Cost of Revenue $819.9m $1.0b $1.2b $1.7b $1.7b $1.9b $2.2b $2.4b $2.4b $2.6b
Gross Profit $5.0b $6.3b $7.8b $9.5b $11.1b $13.9b $15.4b $17.1b $19.1b $21.2b
Research and development $976.0m $1.2b $1.5b $1.9b $2.2b $2.5b $3.0b $3.5b $3.9b $4.3b
Operating Expenses $3.5b $4.1b $5.0b $6.2b $6.9b $8.1b $9.3b $10.4b $12.4b $12.5b
Total operating expenses $3.5b $4.1b $5.0b $6.2b $6.9b $8.1b $9.3b $10.4b $12.4b $12.5b
Operating Income (Loss) $1.5b $2.2b $2.8b $3.3b $4.2b $5.8b $6.1b $6.7b $6.7b $8.7b
Additional Financial Items
Acquisition termination fee — — — — — — $0 $0 $1.0b $0
Amortization of Intangible Assets $152.4m $153.6m $182.6m $402.3m $367.0m $354.0m $405.0m $375.0m $336.0m $310.0m
Amortization of intangibles $78.5m $76.6m $91.1m $175.2m $162.0m $172.0m $169.0m $168.0m $169.0m $157.0m
Foreign Currency Transaction Gain (Loss), before Tax ($35.7m) ($30.7m) ($42.6m) ($26.3m) ($2.0m) ($17.0m) ($21.0m) ($17.0m) ($29.0m) ($15.0m)
Gain (Loss) on Investments ($1.6m) $7.6m $3.2m $51.6m $13.0m $16.0m ($19.0m) $16.0m $48.0m $43.0m
General and administrative $577.7m $624.7m $744.9m $880.6m $968.0m $1.1b $1.2b $1.4b $1.5b $1.6b
Goodwill, Impairment Loss $0 $0 — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $805.7m $1.1b $542.9m $437.6m $1.1b $1.7b $2.0b $3.5b $4.2b $6.7b
Investment Income, Interest $47.3m $66.1m $92.5m $68.3m $43.0m $17.0m $61.0m $269.0m $341.0m $264.0m
Investment gains (losses), net ($1.6m) $7.6m $3.2m $51.6m $13.0m $16.0m ($19.0m) $16.0m $48.0m $43.0m
Provision for income taxes $266.4m $443.7m $203.1m $253.3m ($1.1b) $883.0m $1.3b $1.4b $1.4b $1.6b
Sales and marketing $1.9b $2.2b $2.6b $3.2b $3.6b $4.3b $5.0b $5.4b $5.8b $6.5b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1.4b $2.1b $2.8b $3.2b $4.2b $5.7b $6.0b $6.8b $6.9b $8.7b
Income before income taxes $1.4b $2.1b $2.8b $3.2b $4.2b $5.7b $6.0b $6.8b $6.9b $8.7b
Net Income (Loss) Attributable to Parent $1.2b $1.7b $2.6b $3.0b $5.3b $4.8b $4.8b $5.4b $5.6b $7.1b
Earnings Per Share, Basic $2.35 $3.43 $5.28 $6.07 $10.94 $10.10 $10.13 $11.87 $12.43 $16.73
Earnings Per Share, Diluted $2.32 $3.38 $5.20 $6.00 $10.83 $10.02 $10.10 $11.82 $12.36 $16.70
Weighted Average Number of Shares Outstanding, Basic 498.3m 493.6m 490.6m 486.3m 480.9m 477.3m 469.5m 457.1m 447.1m 426.2m
Weighted Average Number of Shares Outstanding, Diluted 504.3m 501.1m 497.8m 491.6m 485.5m 481.0m 470.9m 459.1m 449.7m 427.0m
Other income (expense):
Current Income Tax Expense (Benefit) $169.4m $393.3m $670.2m $248.6m $420.0m $691.0m $926.0m $1.8b $1.8b $2.1b
General and Administrative Expense $577.7m $624.7m $744.9m $880.6m $968.0m $1.1b $1.2b $1.4b $1.5b $1.6b
Interest Expense $70.4m $74.4m $89.2m $157.2m $116.0m $113.0m $112.0m $113.0m $169.0m $263.0m
Interest Expense (non-operating) — — — — — — — — $169.0m $263.0m
Other Nonoperating Income (Expense) $29k $83k — — — — — — — $248.0m
Other income (expense), net — — $40.0m $42.0m $42.0m $0 $41.0m $246.0m $311.0m $248.0m
Selling and Marketing Expense $1.9b $2.2b $2.6b $3.2b $3.6b $4.3b $5.0b $5.4b $5.8b $6.5b
Income Tax Expense (Benefit) $266.4m $443.7m $203.1m $253.3m ($1.1b) $883.0m $1.3b $1.4b $1.4b $1.6b
Nonoperating Income (Expense) ($58.5m) ($30.5m) ($46.5m) ($63.4m) ($61.0m) ($97.0m) ($90.0m) $149.0m $190.0m $28.0m
Total non-operating income (expense), net ($58.5m) ($30.5m) ($46.5m) ($63.4m) ($61.0m) ($97.0m) ($90.0m) $149.0m $190.0m $28.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.