ADOBE INC. (ADBE) FY2024 Annual P&L / Income Statement

Income StatementCash FlowBalance Sheet

Revenue by Product and Service

2023-12-02 to 2024-11-29

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ADOBE INC. (ADBE) FY2024 Annual P&L / Income StatementIncome statement for 2023-12-02 through 2024-11-29. View: Product and service. Revenue and costs use their disclosed categories.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETSubscription revenueServices and other revenueProduct revenueRevenue  Gross profitCost of revenueSubscription cost of revenueProduct cost of revenueServices and other cost of revenue  Operating incomeTotal operating expensesSales and marketingResearch and developmentGeneral and administrativeAcquisition termination feeAmortization of intangiblesTotal non-operating income (expense), netIncome before income taxesNet incomeProvision for income taxesTotal non-operating income (expense), netTotal non-operatingincome (expense), net$190.00 MIncome before income taxesPretax income$6.93 BRevenueRevenue$21.51 B  Gross profitGross profit$19.15 B  Operating incomeOperating income$6.74 BNet incomeNet income$5.56 BTotal operating expensesTotal operatingexpenses$12.41 BSubscription revenueSubscription$20.52 BProvision for income taxesProvision forincome taxes$1.37 BSales and marketingSales and marketing$5.76 BResearch and developmentResearch and development$3.94 BCost of revenueCost of revenue$2.36 BServices and other revenueServices and other$598.00 MGeneral and administrativeGeneral and administrative$1.53 BProduct revenueProduct$386.00 MSubscription cost of revenueSubscription$1.80 BAcquisition termination feeAcquisition termination fee$1.00 BProduct cost of revenueProduct$25.00 MAmortization of intangiblesAmortization of intangibles$169.00 MServices and other cost of revenueServices and other$534.00 M
Chart details

ADOBE INC. (ADBE) FY2024 Annual P&L / Income Statement

Income statement for 2023-12-02 through 2024-11-29. View: Product and service. Revenue and costs use their disclosed categories.

Revenue
21,505,000,000 US dollars
Cost of revenue
2,358,000,000 US dollars
  Gross profit
19,147,000,000 US dollars
Total operating expenses
12,406,000,000 US dollars
  Operating income
6,741,000,000 US dollars
Total non-operating income (expense), net
190,000,000 US dollars
Income before income taxes
6,931,000,000 US dollars
Provision for income taxes
1,371,000,000 US dollars
Net income
5,560,000,000 US dollars
Subscription revenue
20,521,000,000 US dollars
Product revenue
386,000,000 US dollars
Services and other revenue
598,000,000 US dollars
Subscription cost of revenue
1,799,000,000 US dollars
Product cost of revenue
25,000,000 US dollars
Services and other cost of revenue
534,000,000 US dollars
Research and development
3,944,000,000 US dollars
Sales and marketing
5,764,000,000 US dollars
General and administrative
1,529,000,000 US dollars
Amortization of intangibles
169,000,000 US dollars
Acquisition termination fee
1,000,000,000 US dollars

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
ADOBE INC. (ADBE) FY2024 Annual P&L / Income Statement Sankey chart, Product and service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

89.0%

Gross profit / revenue

Operating margin

31.3%

Operating profit / revenue

Cash conversion

144.9%

Operating cash / net income, same period

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