Technology - Software - Infrastructure - NASDAQ - US
$ 503.37
-5 %
$ 222 B
Market Cap
42.59
P/E
INCOME STATEMENT
19.4 B
REVENUE
6.65 B
OPERATING INCOME
5.43 B
NET INCOME
EFFICIENCY
Earnings Waterfall
Adobe Inc.
| Revenue | 19.4 B |
| Cost Of Revenue | 2.35 B |
| Gross Profit | 17.1 B |
| Operating Expenses | 10.4 B |
| Operating Income | 6.65 B |
| Other Expenses | 1.22 B |
| Net Income | 5.43 B |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Nov-2020 | Nov-2019 | Nov-2018 | Dec-2017 | Dec-2016 | Nov-2015 | Nov-2014 | Nov-2013 | Nov-2012 | Dec-2011 | Dec-2010 | Nov-2009 | Nov-2008 | Nov-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Nov-2003 | Nov-2002 | Nov-2001 | Dec-2000 | Dec-1999 | Nov-1998 | Nov-1997 | Nov-1996 | Dec-1995 | Nov-1994 | Nov-1993 | Nov-1992 | Nov-1991 | Nov-1990 | Nov-1989 | Nov-1988 | Nov-1987 | Nov-1986 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||||||||||||||||||||||||||||||||
| Revenue | 19 409.0 | 17 606.0 | 15 785.0 | 12 868.0 | 11 171.3 | 9 030.0 | 7 301.5 | 5 854.4 | 4 795.5 | 4 147.1 | 4 055.2 | 4 403.7 | 4 216.3 | 3 800.0 | 2 945.9 | 3 579.9 | 3 157.9 | 2 575.3 | 1 966.3 | 1 666.6 | 1 294.7 | 1 164.8 | 1 229.7 | 1 266.4 | 1 015.4 | 894.8 | 911.9 | 786.6 | 762.3 | 597.8 | 313.5 | 265.9 | 229.7 | 168.7 | 121.4 | 83.5 | 39.3 | 16.1 |
| GROSS PROFIT | ||||||||||||||||||||||||||||||||||||||
| Cost Of Revenue | 2 354.0 | 2 165.0 | 1 865.0 | 1 722.0 | 1 672.7 | 1 195.0 | 1 010.5 | 819.9 | 744.3 | 622.1 | 586.6 | 483.8 | 437.9 | 403.5 | 296.7 | 362.6 | 354.7 | 292.5 | 112.6 | 104.4 | 93.0 | 104.3 | 81.5 | 87.3 | 94.5 | 111.4 | 126.3 | 141.1 | 130.3 | 71.9 | 29.2 | 29.4 | 61.7 | 39.4 | 13.8 | 11.4 | 8.1 | 0.9 |
| Gross Profit | 17 055.0 | 15 441.0 | 13 920.0 | 11 146.0 | 9 498.6 | 7 835.0 | 6 291.0 | 5 034.5 | 4 051.2 | 3 525.0 | 3 468.7 | 3 919.9 | 3 778.4 | 3 396.5 | 2 649.1 | 3 217.3 | 2 803.2 | 2 282.8 | 1 853.7 | 1 562.2 | 1 201.7 | 1 060.5 | 1 148.3 | 1 179.1 | 920.9 | 783.4 | 785.6 | 645.4 | 632.0 | 525.9 | 284.3 | 236.5 | 168.0 | 129.3 | 107.6 | 72.1 | 31.2 | 15.2 |
| OPERATING INCOME | ||||||||||||||||||||||||||||||||||||||
| Operating Expenses | 10 405.0 | 9 343.0 | 8 118.0 | 6 909.0 | 6 230.5 | 4 994.6 | 4 122.9 | 3 542.4 | 3 146.5 | 3 092.4 | 3 019.5 | 2 742.6 | 2 581.3 | 2 380.2 | 1 917.3 | 2 156.9 | 1 945.0 | 1 711.8 | 1 125.3 | 970.4 | 822.8 | 755.6 | 757.7 | 764.9 | 634.4 | 619.8 | 548.9 | 472.4 | 450.9 | 407.2 | 203.3 | 161.7 | 90.0 | 67.2 | 55.9 | 37.9 | 15.1 | 8.3 |
| Selling, General and Administrative Expenses | 6 764.0 | 6 187.0 | 5 406.0 | 4 559.0 | 4 125.0 | 3 365.7 | 2 822.3 | 2 487.9 | 2 215.2 | 2 215.1 | 2 140.6 | 1 951.1 | 1 800.4 | 1 627.7 | 1 280.7 | 1 426.6 | 1 259.4 | 1 102.3 | 760.0 | 659.1 | 545.8 | 488.5 | 519.3 | 517.7 | 432.1 | 412.4 | 378.6 | 317.0 | 301.2 | 255.0 | 177.3 | 142.7 | 74.8 | 56.1 | 50.3 | 34.6 | 13.5 | 7.6 |
| Research and Development Expenses | 3 473.0 | 2 987.0 | 2 540.0 | 2 188.0 | 1 930.2 | 1 537.8 | 1 224.1 | 976.0 | 862.7 | 844.4 | 826.6 | 742.8 | 738.1 | 680.3 | 565.1 | 662.1 | 613.2 | 539.7 | 365.3 | 311.3 | 277.0 | 246.1 | 224.1 | 240.2 | 197.5 | 207.3 | 170.9 | 152.9 | 138.6 | 99.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 6 650.0 | 6 098.0 | 5 802.0 | 4 237.0 | 3 268.1 | 2 840.4 | 2 168.1 | 1 493.6 | 903.1 | 412.7 | 422.7 | 1 180.2 | 1 099.3 | 993.1 | 690.5 | 1 028.3 | 857.6 | 551.3 | 728.4 | 591.8 | 379.4 | 287.0 | 378.5 | 408.1 | 259.9 | 125.3 | 230.8 | 146.8 | 134.6 | 118.7 | 81.0 | 74.8 | 78.0 | 62.1 | 51.7 | 34.2 | 16.1 | 6.9 |
| PRE-TAX INCOME | ||||||||||||||||||||||||||||||||||||||
| Interest Income Expense | 113.0 | 112.0 | 113.0 | 116.0 | 157.2 | 89.2 | 74.4 | 70.4 | 64.2 | 59.7 | 67.5 | 67.5 | 67.0 | 57.0 | 3.4 | 10.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Other Income | 149.0 | (90.0) | (97.0) | (61.0) | (63.4) | (46.5) | (30.5) | (58.5) | (29.3) | (51.3) | (66.6) | (61.4) | (64.1) | (49.9) | 11.0 | 50.2 | 89.6 | 128.4 | 37.3 | 16.9 | 1.0 | (2.3) | (71.5) | 35.7 | 114.6 | 42.3 | 65.3 | 98.0 | 29.3 | (78.7) | (8.6) | (5.3) | 5.6 | 4.2 | 3.1 | 1.6 | 0.8 | 0.3 |
| Pre-Tax Income | 6 799.0 | 6 008.0 | 5 705.0 | 4 176.0 | 3 204.7 | 2 793.9 | 2 137.6 | 1 435.1 | 873.8 | 361.4 | 356.1 | 1 118.8 | 1 035.2 | 943.2 | 701.5 | 1 078.5 | 947.2 | 679.7 | 765.8 | 608.6 | 380.5 | 284.7 | 306.9 | 443.7 | 374.4 | 167.7 | 296.1 | 244.8 | 163.9 | 40.0 | 91.0 | 69.5 | 83.6 | 66.3 | 54.8 | 35.8 | 16.9 | 7.2 |
| NET INCOME | ||||||||||||||||||||||||||||||||||||||
| Tax Provision | 1 371.0 | 1 252.0 | 883.0 | (1 084.0) | 253.3 | 203.1 | 443.7 | 266.4 | 244.2 | 93.0 | 66.2 | 286.0 | 202.4 | 168.5 | 315.0 | 206.7 | 223.4 | 173.9 | 162.9 | 158.2 | 114.1 | 93.3 | 101.3 | 155.9 | 136.7 | 62.5 | 109.3 | 91.5 | 70.4 | 33.7 | 34.0 | 25.9 | 32.0 | 26.2 | 21.1 | 14.7 | 7.9 | 3.6 |
| Net Income | 5 428.0 | 4 756.0 | 4 822.0 | 5 260.0 | 2 951.5 | 2 590.8 | 1 694.0 | 1 168.8 | 629.6 | 253.6 | 290.0 | 832.8 | 832.8 | 774.7 | 386.5 | 871.8 | 723.8 | 505.8 | 602.8 | 450.4 | 266.3 | 191.4 | 205.6 | 287.8 | 237.8 | 105.1 | 186.8 | 153.3 | 93.5 | 6.3 | 57.0 | 43.6 | 51.6 | 40.1 | 33.7 | 21.1 | 9.0 | 3.6 |
| EPS | 11.9 | 10.1 | 10.1 | 10.9 | 6.07 | 5.28 | 3.43 | 2.35 | 1.26 | 0.51 | 0.58 | 1.68 | 1.67 | 1.49 | 0.74 | 1.62 | 1.24 | 0.85 | 1.23 | 0.95 | 0.57 | 0.41 | 0.43 | 0.61 | 0.49 | 0.2 | 0.33 | 0.25 | 0.16 | 0.0271 | 0.14 | 0.12 | 0.14 | 0.12 | 0.1 | 0.065 | 0.03 | 0.015 |