Below are the financial statements of Adobe, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Subscription | 20.52a | 18.28a | 16.39a |
| Product | 0.39a | 0.46a | 0.53a |
| Services and other | 0.6a | 0.67a | 0.69a |
| Total revenue | 21.51a | 19.41a | 17.61a |
| Cost of revenue | — | — | — |
| Subscription | -1.8a | -1.82a | -1.65a |
| Product | -0.03a | -0.03a | -0.04a |
| Services and other | -0.53a | -0.5a | -0.48a |
| Total cost of revenue | -2.36a | -2.35a | -2.17a |
| Gross profit | 19.15a | 17.06a | 15.44a |
| Operating expenses | — | — | — |
| Research and development | -3.94a | -3.47a | -2.99a |
| Sales and marketing | -5.76a | -5.35a | -4.97a |
| General and administrative | -1.53a | -1.41a | -1.22a |
| Acquisition termination fee | -1a | 0a | 0a |
| Amortization of intangibles | -0.17a | -0.17a | -0.17a |
| Total operating expenses | -12.41a | -10.41a | -9.34a |
| Operating income | 6.74a | 6.65a | 6.1a |
| Non-operating income (expense) | — | — | — |
| Interest expense | -0.17a | -0.11a | -0.11a |
| Investment gains (losses), net | 0.05a | 0.02a | -0.02a |
| Other income (expense), net | 0.31a | 0.25a | 0.04a |
| Total non-operating income (expense), net | 0.19a | 0.15a | -0.09a |
| Income before income taxes | 6.93a | 6.8a | 6.01a |
| Provision for income taxes | -1.37a | -1.37a | -1.25a |
| Net income | 5.56a | 5.43a | 4.76a |
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