ADBE Q3 2023 Earnings — Income Statement Breakdown
For its Q3 2023 period (ending 2023-09-01), ADBE reported revenue of $4.9B, gross profit of $4.3B (88.1% gross margin), operating income of $1.7B, and net income of $1.4B (28.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ADBE was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
ADBE Q3 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $4.9B | 100% |
| Cost of Revenue | −$580M | 11.9% |
| Gross Profit | $4.3B | 88.1% |
| Research & Development | −$881M | 18.0% |
| Selling, General & Administrative | −$1.7B | 34.6% |
| Other Operating Expenses | −$42M | 0.9% |
| Operating Income | $1.7B | 34.7% |
| Interest Expense | −$27M | 0.6% |
| Other Income, net | $73M | 1.5% |
| Income Tax Expense | −$340M | 7.0% |
| Net Income | $1.4B | 28.7% |
Source: original SEC filing (filed 2023-09-14). Accession 0000796343-23-000198. Data normalized by EarningsFyi.