ADBE Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-05-31), ADBE reported revenue of $5.3B, gross profit of $4.7B (88.7% gross margin), operating income of $1.9B, and net income of $1.6B (29.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ADBE was profitable; revenue grew 2.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +2.5% | +153.7% | +17.7 pp |
Consensus estimate data is not available for this report.
ADBE Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.3B | 100% |
| Cost of Revenue | −$598M | 11.3% |
| Gross Profit | $4.7B | 88.7% |
| Research & Development | −$984M | 18.5% |
| Selling, General & Administrative | −$1.8B | 33.9% |
| Other Operating Expenses | −$42M | 0.8% |
| Operating Income | $1.9B | 35.5% |
| Interest Expense | −$41M | 0.8% |
| Other Income, net | $45M | 0.8% |
| Income Tax Expense | −$357M | 6.7% |
| Net Income | $1.6B | 29.6% |
Source: original SEC filing (filed 2024-06-13). Accession 0000796343-24-000140. Data normalized by EarningsFyi.