Press release
Adobe Reports Record Q4 and FY2025 Revenue
Exceeds target for FY2025 Digital Media ending ARR and targets FY2026 Total Adobe ending ARR to grow over 10% Delivers record operating cash flows of over
About this update from Adobe Inc.
[{"type":"text","content":"\n\nExceeds target for FY2025 Digital Media ending ARR and targets FY2026 Total Adobe ending ARR to grow over 10%\n\n\nDelivers record operating cash flows of over $10 billion in FY2025\n\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nAdobe (Nasdaq:ADBE), the global technology leader that unleashes creativity and productivity for individuals and businesses through innovative platforms and tools, today reported financial results for its fourth quarter and FY2025 ended Nov. 28, 2025.\n\n“Adobe’s record FY2025 results reflect our growing importance in the global AI ecosystem and the rapid adoption of our AI-driven tools,” said Shantanu Narayen, chair and CEO, Adobe. “By advancing our innovative generative and agentic platforms and expanding our customer base, we are excited to target double-digit ARR growth in FY2026.”\n\n“Adobe delivered another outstanding year, fueled by strong global demand for our AI solutions across Business Professionals & Consumers and Creative & Marketing Professionals customer groups,” said Dan Durn, executive vice president and CFO, Adobe. “Looking ahead to FY2026, we are confident in our ability to deliver industry-leading innovations, double-digit ARR growth and world class profitability.”\n\nFourth Quarter FY2025 Financial Highlights\n\n\nAdobe achieved record revenue of $6.19 billion in its fourth quarter of FY2025, which represents 10% year-over-year growth as reported and in constant currency. Diluted earnings per share was $4.45 on a GAAP basis and $5.50 on a non-GAAP basis.\n\n\nGAAP operating income in the fourth quarter was $2.26 billion and non-GAAP operating income was $2.82 billion. GAAP net income was $1.86 billion and non-GAAP net income was $2.29 billion.\n\n\nRecord cash flows from operations were $3.16 billion.\n\n\nExiting the quarter, Remaining Performance Obligations (“RPO”) were $22.52 billion, and Current Remaining Performance Obligations (“cRPO”) were 65%.\n\n\nAdobe repurchased approximately 7.2 million shares during the quarter.\n\n\nFourth Quarter FY2025 Business Segment Highlights\n\n\nDigital Media segment revenue was $4.62 billion, which represents 11% year-over-year growth as reported and in constant currency.\n\n\nDigital Experience segment revenue was $1.52 billion, representing 9% year-over-year growth, or 8% in constant currency. Digital Experience subscription revenue was $1...