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ADBE · Net margin
Computed from ADBE's latest annual filing — every figure below is the filed value, cited to the filing, never estimated.
| Line item | Dec 2016 | Dec 2017 | Nov 2018 | Nov 2019 | Nov 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Nov 2024 | Nov 2025 | TTM* ended 2026-08-28 — derived: computed by Echelon from filed periods, not as filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,854 (accession 0000796343-19-000019) | 7,302 (accession 0000796343-20-000013) | 9,030 (accession 0000796343-21-000004) | 11,171 (accession 0000796343-22-000032) | 12,868 (accession 0000796343-23-000007) | 15,785 (accession 0000796343-24-000006) | 17,606 (accession 0000796343-25-000004) | 19,409 (accession 0000796343-26-000003) | 21,505 (accession 0000796343-26-000003) | 23,769 (accession 0000796343-26-000003) | 25,970 |
| YoY | +22.1% | +24.7% | +23.7% | +23.7% | +15.2% | +22.7% | +11.5% | +10.2% | +10.8% | +10.5% | — |
| Cost of revenue | 820 (accession 0000796343-19-000019) | 1,010 (accession 0000796343-20-000013) | 1,195 (accession 0000796343-21-000004) | 1,673 (accession 0000796343-22-000032) | 1,722 (accession 0000796343-23-000007) | 1,865 (accession 0000796343-24-000006) | 2,165 (accession 0000796343-25-000004) | 2,354 (accession 0000796343-26-000003) | 2,358 (accession 0000796343-26-000003) | 2,551 (accession 0000796343-26-000003) | 2,791 |
| YoY | +10.2% | +23.2% | +18.3% | +40% | +2.9% | +8.3% | +16.1% | +8.7% | +0.2% | +8.2% | — |
| Gross profit | 5,035 (accession 0000796343-19-000019) | 6,291 (accession 0000796343-20-000013) | 7,835 (accession 0000796343-21-000004) | 9,498 (accession 0000796343-22-000032) | 11,146 (accession 0000796343-23-000007) | 13,920 (accession 0000796343-24-000006) | 15,441 (accession 0000796343-25-000004) | 17,055 (accession 0000796343-26-000003) | 19,147 (accession 0000796343-26-000003) | 21,218 (accession 0000796343-26-000003) | 23,179 |
| YoY | +24.3% | +25% | +24.5% | +21.2% | +17.4% | +24.9% | +10.9% | +10.5% | +12.3% | +10.8% | — |
| Operating expenses | 3,541 (accession 0000796343-19-000019) | 4,123 (accession 0000796343-20-000013) | 4,995 (accession 0000796343-21-000004) | 6,230 (accession 0000796343-22-000032) | 6,909 (accession 0000796343-23-000007) | 8,118 (accession 0000796343-24-000006) | 9,343 (accession 0000796343-25-000004) | 10,405 (accession 0000796343-26-000003) | 12,406 (accession 0000796343-26-000003) | 12,512 (accession 0000796343-26-000003) | 13,908 |
| YoY | +12.5% | +16.4% | +21.2% | +24.7% | +10.9% | +17.5% | +15.1% | +11.4% | +19.2% | +0.9% | — |
| Operating income | 1,494 (accession 0000796343-19-000019) | 2,168 (accession 0000796343-20-000013) | 2,840 (accession 0000796343-21-000004) | 3,268 (accession 0000796343-22-000032) | 4,237 (accession 0000796343-23-000007) | 5,802 (accession 0000796343-24-000006) | 6,098 (accession 0000796343-25-000004) | 6,650 (accession 0000796343-26-000003) | 6,741 (accession 0000796343-26-000003) | 8,706 (accession 0000796343-26-000003) | 9,271 |
| YoY | +65.4% | +45.2% | +31% | +15.1% | +29.7% | +36.9% | +5.1% | +9.1% | +1.4% | +29.1% | — |
| Net income | 1,169 (accession 0000796343-19-000019) | 1,694 (accession 0000796343-20-000013) | 2,591 (accession 0000796343-21-000004) | 2,951 (accession 0000796343-22-000032) | 5,260 (accession 0000796343-23-000007) | 4,822 (accession 0000796343-24-000006) | 4,756 (accession 0000796343-25-000004) | 5,428 (accession 0000796343-26-000003) | 5,560 (accession 0000796343-26-000003) | 7,130 (accession 0000796343-26-000003) | 7,284 |
| YoY | +85.7% | +44.9% | +53% | +13.9% | +78.2% | -8.3% | -1.4% | +14.1% | +2.4% | +28.2% | — |
| Diluted EPS | 2.32 (accession 0000796343-19-000019) | 3.38 (accession 0000796343-20-000013) | 5.20 (accession 0000796343-21-000004) | 6.00 (accession 0000796343-22-000032) | 10.83 (accession 0000796343-23-000007) | 10.02 (accession 0000796343-24-000006) | 10.10 (accession 0000796343-25-000004) | 11.82 (accession 0000796343-26-000003) | 12.36 (accession 0000796343-26-000003) | 16.70 (accession 0000796343-26-000003) | — |
| YoY | +87.1% | +45.7% | +53.8% | +15.4% | +80.5% | -7.5% | +0.8% | +17% | +4.6% | +35.1% | — |
USD lines in millions; EPS per share. Annual columns are fiscal years, labeled by their period-end month (a filer's own fiscal label may differ). “—” is an honest gap: the filer did not tag that line for that period. *TTM (twelve months ended 2026-08-28) is computed from filed periods — latest fiscal year plus newer quarters minus their year-ago pairs; each line’s full trail rides the CSV export. Every column cites its accession in the export. Figures as filed via SEC EDGAR, never estimated.
Answers come strictly from ADBE's 10-K filed 2026-01-15, and every answer links the exact passages it used. Questions asking what to do with the stock are refused — that's the point.
Net income as a share of revenue — the bottom line after every cost: operations, interest, taxes, and one-offs. It is the margin the income statement ends on, and the profitability input to DuPont ROE analysis.
Net margin = Net income ÷ Revenue
Each one computed from the same filings and cited the same way.
Educational use only — not investment advice. Figures come from public SEC filings; Echelon teaches you to analyze data, it never recommends buying or selling any security.