ADBE Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-08-30), ADBE reported revenue of $5.4B, gross profit of $4.9B (89.8% gross margin), operating income of $2.0B, and net income of $1.7B (31.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ADBE was profitable; revenue grew 10.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +10.6% | +20.0% | +2.4 pp |
| Quarter over quarter | +1.9% | +7.1% | +1.5 pp |
Consensus estimate data is not available for this report.
ADBE Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.4B | 100% |
| Cost of Revenue | −$554M | 10.2% |
| Gross Profit | $4.9B | 89.8% |
| Research & Development | −$1.0B | 18.9% |
| Selling, General & Administrative | −$1.8B | 33.2% |
| Other Operating Expenses | −$43M | 0.8% |
| Operating Income | $2.0B | 36.8% |
| Interest Expense | −$51M | 0.9% |
| Other Income, net | −$50M | 0.9% |
| Income Tax Expense | −$358M | 6.6% |
| Net Income | $1.7B | 31.1% |
Source: original SEC filing (filed 2024-09-12). Accession 0000796343-24-000200. Data normalized by EarningsFyi.