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Adobe Inc.

ADBE

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

11/30/2024

Revenue
21,505
Cost of Revenue
2,358
Gross Profit
19,147
Gross Margin
89.0%
Operating Income
6,741
Operating Margin
31.3%
Net Income
5,560
Net Margin
25.9%
EPS (Basic)
$12.44
EPS (Diluted)
$12.36
EBITDA
7,957
EBITDA Margin
37.0%

2023

11/30/2023

Revenue
19,409
Cost of Revenue
2,354
Gross Profit
17,055
Gross Margin
87.9%
Operating Income
6,650
Operating Margin
34.3%
Net Income
5,428
Net Margin
28.0%
EPS (Basic)
$11.88
EPS (Diluted)
$11.83
EBITDA
7,784
EBITDA Margin
40.1%

2022

11/30/2022

Revenue
17,606
Cost of Revenue
2,165
Gross Profit
15,441
Gross Margin
87.7%
Operating Income
6,098
Operating Margin
34.6%
Net Income
4,756
Net Margin
27.0%
EPS (Basic)
$10.13
EPS (Diluted)
$10.10
EBITDA
7,055
EBITDA Margin
40.1%

2021

11/30/2021

Revenue
15,785
Cost of Revenue
1,865
Gross Profit
13,920
Gross Margin
88.2%
Operating Income
5,802
Operating Margin
36.8%
Net Income
4,822
Net Margin
30.5%
EPS (Basic)
$10.10
EPS (Diluted)
$10.02
EBITDA
6,675
EBITDA Margin
42.3%

2020

11/30/2020

Revenue
12,868
Cost of Revenue
1,722
Gross Profit
11,146
Gross Margin
86.6%
Operating Income
4,237
Operating Margin
32.9%
Net Income
5,260
Net Margin
40.9%
EPS (Basic)
$10.94
EPS (Diluted)
$10.83
EBITDA
5,049
EBITDA Margin
39.2%