Sign in

    ADOBE (ADBE)

    Q2 2025 Earnings Summary

    Reported on Jun 25, 2025 (After Market Close)
    Pre-Earnings Price$413.68Last close (Jun 12, 2025)
    Post-Earnings Price$392.50Open (Jun 13, 2025)
    Price Change
    $-21.18(-5.12%)
    MetricYoY ChangeReason

    Total Revenue

    +10.6% YoY (from $5,309M to $5,873M)

    Strong revenue growth driven by increased adoption of subscription offerings in Digital Media and Digital Experience segments, reflecting trends seen in previous periods.

    Geographic Revenue Contributions

    Values for Q2 2025: Americas $3,500M, EMEA $1,541M, APAC $832M

    Steady regional performance indicates robust demand across key markets which continues the balanced geographic revenue growth observed in prior periods.

    Profitability

    Operating Income of $2,109M; Net Income of $1,691M; Gross Margin near 89%

    High profitability is maintained through effective operational efficiency and cost management, building on a strong revenue base from the previous period.

    Operating Cash Flow & Cash Equivalents

    Operating Cash Flow of $2,191M; cash declined to $4,931M

    Robust operating cash generation continues to support liquidity; however, aggressive financing and stock repurchase activities—consistent with earlier period trends—resulted in a reduced cash balance.

    Stockholders’ Equity

    Decreased from $13,095M in Q1 2025 to $11,448M in Q2 2025

    A significant reduction primarily driven by continued stock repurchase programs and treasury stock adjustments, compounding trends seen in earlier periods.

    MetricPeriodGuidanceActualPerformance
    Total Adobe Revenue
    Q2 2025
    $5.77B to $5.82B
    $5.873B
    Beat
    Digital Media Segment Revenue
    Q2 2025
    $4.27B to $4.30B
    $4.345B
    Beat
    Digital Experience Segment Revenue
    Q2 2025
    $1.43B to $1.45B
    $1.457B
    Beat
    Digital Experience Subscription
    Q2 2025
    $1.315B to $1.325B
    $1.334B
    Beat
    GAAP EPS
    Q2 2025
    $3.80 to $3.85
    $3.94 to $3.95
    Beat

    Research analysts covering ADOBE.