ADBE Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-11-29), ADBE reported revenue of $5.6B, gross profit of $5.0B (89.0% gross margin), operating income of $2.0B, and net income of $1.7B (30.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ADBE was profitable; revenue grew 11.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +11.1% | +13.5% | +0.6 pp |
| Quarter over quarter | +3.7% | −0.1% | −1.1 pp |
Consensus estimate data is not available for this report.
ADBE Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $5.6B | 100% |
| Cost of Revenue | −$616M | 11.0% |
| Gross Profit | $5.0B | 89.0% |
| Research & Development | −$999M | 17.8% |
| Selling, General & Administrative | −$2.0B | 35.5% |
| Other Operating Expenses | −$42M | 0.7% |
| Operating Income | $2.0B | 34.9% |
| Interest Expense | −$50M | 0.9% |
| Other Income, net | $84M | 1.5% |
| Income Tax Expense | −$308M | 5.5% |
| Net Income | $1.7B | 30.0% |
Source: original SEC filing (filed 2024-12-11). Accession 0000796343-24-000250. Data normalized by EarningsFyi.