OpenNashEarnings

Software · Nasdaq: ADBE

Adobe earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends November · next results expected around 9 Dec 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 FY2026

Adobe achieved record revenue of $6.76 billion in its third quarter of FY2026, which represents 13% year-over-year growth, with diluted earnings per share of $4.62 on a GAAP basis and $6.13 on a non-GAAP basis.

Adobe posted record third-quarter revenue of $6.76 billion, up 13% from a year ago (12% in constant currency). Diluted earnings per share were $4.62 on a GAAP basis and $6.13 on a non-GAAP basis. Total ARR (annualized recurring revenue) ended the quarter at $27.50 billion. The company said it passed 1 billion monthly active users, and AI-first ARR grew more than 150%. The call also announced that Anil will succeed Shantanu Narayen as CEO effective December 1.

Read the Q3 FY2026 summary →

Quarters

KPI history

Revenue$6.8B+12.9% y/yQ3 FY26
Q4 FY24: $5.6B (worked out from the annual figure)Q4 24$5.6BQ1 FY25: $5.7BQ1 25$5.7BQ2 FY25: $5.9BQ2 25$5.9BQ3 FY25: $6.0BQ3 25$6.0BQ4 FY25: $6.2B (worked out from the annual figure)Q4 25$6.2BQ1 FY26: $6.4BQ1 26$6.4BQ2 FY26: $6.6BQ2 26$6.6BQ3 FY26: $6.8BQ3 26$6.8B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$5.6B *
Q1 FY25$5.7B
Q2 FY25$5.9B
Q3 FY25$6.0B
Q4 FY25$6.2B *
Q1 FY26$6.4B
Q2 FY26$6.6B
Q3 FY26$6.8B
Diluted EPS (GAAP)$4.62+10.5% y/yQ3 FY26
Q1 FY25: $4.14Q1 25$4.14Q2 FY25: $3.94Q2 25$3.94Q3 FY25: $4.18Q3 25$4.18Q1 FY26: $4.60Q1 26$4.60Q2 FY26: $4.25Q2 26$4.25Q3 FY26: $4.62Q3 26$4.62
Data
Q1 FY25$4.14
Q2 FY25$3.94
Q3 FY25$4.18
Q1 FY26$4.60
Q2 FY26$4.25
Q3 FY26$4.62

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin34.8%−1.5 pts y/yQ3 FY26
Q4 FY24: 34.9%Q4 2434.9%Q1 FY25: 37.9%Q1 2537.9%Q2 FY25: 35.9%Q2 2535.9%Q3 FY25: 36.3%Q3 2536.3%Q4 FY25: 36.5%Q4 2536.5%Q1 FY26: 37.8%Q1 2637.8%Q2 FY26: 33.8%Q2 2633.8%Q3 FY26: 34.8%Q3 2634.8%
Data
Q4 FY2434.9%
Q1 FY2537.9%
Q2 FY2535.9%
Q3 FY2536.3%
Q4 FY2536.5%
Q1 FY2637.8%
Q2 FY2633.8%
Q3 FY2634.8%
Free cash flow$2.4B+14.7% y/yQ3 FY26
Q4 FY24: $2.9BQ4 24$2.9BQ1 FY25: $2.5BQ1 25$2.5BQ2 FY25: $2.1BQ2 25$2.1BQ3 FY25: $2.1BQ3 25$2.1BQ4 FY25: $3.1BQ4 25$3.1BQ1 FY26: $2.9BQ1 26$2.9BQ2 FY26: $2.1BQ2 26$2.1BQ3 FY26: $2.4BQ3 26$2.4B
Data
Q4 FY24$2.9B
Q1 FY25$2.5B
Q2 FY25$2.1B
Q3 FY25$2.1B
Q4 FY25$3.1B
Q1 FY26$2.9B
Q2 FY26$2.1B
Q3 FY26$2.4B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$5.6Bd$5.7B$5.9B$6.0B$6.2Bd$6.4B$6.6B$6.8B
Gross margin89.0%89.1%89.1%89.3%89.5%89.6%89.2%88.7%
Operating income$2.0Bd$2.2B$2.1B$2.2B$2.3Bd$2.4B$2.2B$2.4B
Operating margin34.9%37.9%35.9%36.3%36.5%37.8%33.8%34.8%
Net income$1.7Bd$1.8B$1.7B$1.8B$1.9Bd$1.9B$1.7B$1.8B
Diluted EPS—$4.14$3.94$4.18—$4.60$4.25$4.62
Operating cash flow$2.9Bd$2.5B$2.2Bd$2.2Bd$3.2Bd$3.0B$2.2Bd$2.5Bd
Capital expenditure$48.0Md$26.0M$47.0Md$72.0Md$34.0Md$37.0M$58.0Md$85.0Md
Free cash flow$2.9B$2.5B$2.1B$2.1B$3.1B$2.9B$2.1B$2.4B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings