What changed in Adobe Inc.'s latest annual report
In the year ended 28 Nov 2025, Adobe Inc.'s revenue rose 10.5% to USD 23.77bn, from USD 21.50bn; net income rose 28.2% to USD 7.13bn, from USD 5.56bn; long-term debt rose 50.4% to USD 6.21bn, from USD 4.13bn.
Year ended 28 Nov 2025. Source: 10-K filed 15 Jan 2026, read it on SEC EDGAR.
USD 21.50bn to USD 23.77bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 21.50bn | 23.77bn | Up 10.5% |
| Net income | 5.56bn | 7.13bn | Up 28.2% |
| Total assets | 30.23bn | 29.50bn | Down 2.4% |
| Total liabilities | 16.13bn | 17.87bn | Up 10.8% |
| Long-term debt | 4.13bn | 6.21bn | Up 50.4% |
| Cash and cash equivalents | 7.61bn | 5.43bn | Down 28.7% |
| Shareholders' equity | 14.11bn | 11.62bn | Down 17.6% |
Questions people ask
Did Adobe Inc.'s revenue grow last year?
Revenue grew 10.5%, from USD 21.50bn to USD 23.77bn in the year ended 28 Nov 2025.
Is Adobe Inc. profitable?
Yes. Net income was USD 7.13bn in the year ended 28 Nov 2025. The year before: USD 5.56bn.
How much cash and debt does Adobe Inc. have?
At its latest year end (28 Nov 2025), Adobe Inc. reported cash and cash equivalents of USD 5.43bn and long-term debt of USD 6.21bn.
Where do these numbers come from?
From Adobe Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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