ADBE Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-01), ADBE reported revenue of $5.0B, gross profit of $4.4B (87.4% gross margin), operating income of $1.7B, and net income of $1.5B (29.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ADBE was profitable; revenue grew 3.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.2% | +5.7% | +0.7 pp |
Consensus estimate data is not available for this report.
ADBE Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.0B | 100% |
| Cost of Revenue | −$634M | 12.6% |
| Gross Profit | $4.4B | 87.4% |
| Research & Development | −$889M | 17.6% |
| Selling, General & Administrative | −$1.7B | 34.5% |
| Other Operating Expenses | −$42M | 0.8% |
| Operating Income | $1.7B | 34.5% |
| Interest Expense | −$28M | 0.6% |
| Other Income, net | $65M | 1.3% |
| Income Tax Expense | −$325M | 6.4% |
| Net Income | $1.5B | 29.4% |
Source: original SEC filing (filed 2023-12-13). Accession 0000796343-23-000252. Data normalized by EarningsFyi.