Adobe achieved record revenue of $23.77 billion in fiscal 2025, representing 11% year-over-year growth, with AI-influenced annual recurring revenue now over one third of the overall business. One quarter later, Adobe delivered record Q1 FY2026 revenue of $6.40 billion (12% year-over-year growth) and exited the quarter with total Annualized Recurring Revenue of $26.06 billion.
The figures place Adobe firmly in the top tier of pure-play software companies, with a subscription engine that has now survived a failed Figma acquisition, an 18-year CEO tenure entering transition, and the most aggressive generative-AI repositioning in the creative-software category.
Key Takeaways
- Adobe reported $23.77 billion in FY2025 revenue with 11% year-over-year growth, per the company’s December 2025 earnings disclosure.
- Total Annualized Recurring Revenue exiting fiscal 2025 reached $25.20 billion, representing 11.5% year-over-year growth.
- AI-influenced ARR is now over one-third of Adobe’s overall business, the company’s first headline-level disclosure at that scale.
- Adobe employed approximately 31,360 people as of fiscal year-end 2025, per data sourced from the company’s SEC 10-K filings.
- Cumulative Firefly assets passed 24 billion by Adobe MAX 2025, up from 22 billion in April 2025.
- Operating cash flow reached a record $2.96 billion in Q1 FY2026 alone, in the same quarter, Adobe announced a planned CEO transition.
Editor’s Choice
- FY2025 revenue: $23.77 billion (11% growth).
- Q1 FY2026 revenue: $6.40 billion (12% growth, record).
- Total ARR exiting Q1 FY2026: $26.06 billion.
- Digital Media segment FY2025 revenue: $17.65 billion (11% growth).
- Digital Experience segment FY2025 revenue: $5.86 billion (9% growth).
- FY2025 GAAP operating income: $8.71 billion.
- FY2025 operating cash flow: $10.03 billion.
Recent Developments
- 2026-03-12: Adobe reported record Q1 FY2026 revenue of $6.40 billion, with diluted GAAP earnings per share of $4.60 and non-GAAP EPS of $6.06.
- 2026-03-12: CEO Shantanu Narayen, who has served as CEO of Adobe for eighteen years, announced he will transition from his position once a successor has been appointed.
- 2025-12-10: Adobe reported record fiscal 2025 revenue of $23.77 billion (11% growth) and total ARR of $25.20 billion exiting the year.
- 2025-10-28: At Adobe MAX 2025, the company disclosed that Firefly users had generated over 24 billion assets to date.
- 2025-06-12: Adobe filed an 8-K reporting record Q2 FY2025 revenue of $5.87 billion (11% growth) with diluted GAAP earnings per share of $3.94.
Adobe Revenue and Earnings Statistics
- Adobe achieved record revenue of $23.77 billion in fiscal 2025, representing 11% year-over-year growth.
- Fourth-quarter FY2025 revenue was $6.19 billion, representing 10% year-over-year growth.
- Adobe achieved record revenue of $5.87 billion in Q2 FY2025 (11% year-over-year growth).
- Q1 FY2026 revenue reached $6.40 billion, representing 12% year-over-year growth, or 11% in constant currency.
- Total revenue for fiscal 2025 was $23,769 million per Adobe’s annual 10-K filing.
- Q1 FY2026 GAAP net income was $1.89 billion, with diluted GAAP earnings per share of $4.60.
| Period | Revenue | YoY Growth | Source filing |
| FY2025 | $23.77 billion | 11% | Adobe Q4 FY2025 press release |
| Q4 FY2025 | $6.19 billion | 10% | Adobe Q4 FY2025 press release |
| Q2 FY2025 | $5.87 billion | 11% | Adobe SEC 8-K (June 2025) |
| Q1 FY2026 | $6.40 billion | 12% | Adobe Q1 FY2026 press release |
Source: Adobe Investor Relations, SEC EDGAR (Adobe annual and quarterly filings)
By the numbers: Adobe achieved record revenue of $23.77 billion in fiscal 2025, representing 11% year-over-year growth, while total Annualized Recurring Revenue exiting the year reached $25.20 billion (11.5% growth). The two figures together describe a software business where new subscription bookings are still outpacing reported revenue, signalling future quarters of similar growth as the ARR backlog converts.
Adobe Quarterly Performance Statistics
- Adobe achieved record revenue of $6.40 billion in Q1 FY2026, representing 12% year-over-year growth, or 11% in constant currency.
- Total Adobe Annualized Recurring Revenue exiting Q1 FY2026 was $26.06 billion.
- Total Customer Group subscription revenue in Q1 FY2026 was $6.17 billion, representing 13% year-over-year growth.
- Q1 FY2026 GAAP operating income was $2.42 billion, and non-GAAP operating income was $3.04 billion.
- Record Q1 FY2026 cash flows from operations were $2.96 billion.
- Q1 FY2026 diluted earnings per share were $4.60 on a GAAP basis and $6.06 on a non-GAAP basis.
| Q1 FY2026 metric | Value |
| Revenue | $6.40 billion |
| Total ARR (period-end) | $26.06 billion |
| Subscription revenue | $6.17 billion |
| GAAP operating income | $2.42 billion |
| Non-GAAP operating income | $3.04 billion |
| GAAP net income | $1.89 billion |
| GAAP diluted EPS | $4.60 |
| Operating cash flow | $2.96 billion |
Source: Adobe Investor Relations (quarterly earnings release)
Adobe Digital Media Segment Statistics
- Digital Media segment revenue was $17.65 billion in fiscal 2025, representing 11% year-over-year growth.
- Digital Media ARR exiting fiscal 2025 was $19.20 billion.
- Digital Media segment revenue grew to $17.65 billion, per Adobe’s fiscal 2025 10-K filing.
- Creative Cloud (Photoshop, Illustrator, Premiere Pro, Lightroom) and Document Cloud (Acrobat, Acrobat Sign) sit inside this segment, the primary surface where Firefly is being monetised.
| Digital Media metric | FY2025 value |
| Segment revenue | $17.65 billion |
| Year-over-year growth | 11% |
| ARR exiting FY2025 | $19.20 billion |
| ARR growth (year-over-year) | 11.5% |
Source: Adobe Investor Relations (annual earnings release and Form 10-K)
For a broader context on the productivity software peers, the Microsoft 365 statistics data set documents how Adobe’s Digital Media subscription model compares to Microsoft’s tenant-based licensing approach.
Adobe Digital Experience Segment Statistics
- Digital Experience revenue was $5.86 billion in fiscal 2025, up from $5.37 billion in fiscal 2024, representing 9% year-over-year growth.
- Digital Experience subscription revenue grew to $5.41 billion in fiscal 2025, up from $4.86 billion in fiscal 2024.
Adobe Profitability and Cash Flow Statistics
- Operating Income was $8,706 million in fiscal 2025, up from $6,741 million in fiscal 2024.
- Adobe generated $10.03 billion in operating cash flows during fiscal 2025.
- Record Q1 FY2026 cash flows from operations were $2.96 billion.
- Q1 FY2026 GAAP operating income was $2.42 billion, and non-GAAP operating income was $3.04 billion.
- Operating income rose to $8,706 million in fiscal 2025 from $6,741 million in fiscal 2024, per the company’s annual 10-K filing.
Key finding: Record Q1 FY2026 cash flows from operations were $2.96 billion, announced on the same day CEO Shantanu Narayen disclosed his planned transition after eighteen years at Adobe. Pairing the strongest cash quarter on record with a leadership transition is an unusual combination, versus the more common pattern of founder-CEO departures coinciding with declining results.
Adobe Subscription and ARR Statistics
- Total Adobe Annualized Recurring Revenue exiting fiscal 2025 was $25.20 billion, representing 11.5% year-over-year growth.
- Total Adobe ARR exiting Q1 FY2026 was $26.06 billion.
- Digital Media ARR exiting fiscal 2025 was $19.20 billion.
- Total Customer Group subscription revenue in Q1 FY2026 was $6.17 billion (13% year-over-year growth).
- AI-influenced Annual Recurring Revenue is now over one-third of Adobe’s overall business as of fiscal 2025.
Adobe Research and Development Statistics
- Adobe research and development expenses for the twelve months ending August 31, 2025, were $4.195 billion, a 9.42% increase year-over-year.
- Adobe research and development expenses for the quarter ending August 31, 2025, were $1.088 billion.
- Adobe consistently spends roughly 18% of total revenues on R&D each fiscal year.
| Period | R&D expense |
| 12 months to Aug 31, 2025 | $4.195 billion |
| Q ending Aug 31, 2025 | $1.088 billion |
Source: Macrotrends aggregation of Adobe annual and quarterly SEC filings
Adobe Workforce and Employee Statistics
- Adobe had approximately 31,360 employees in 2025, a 2.12% increase from 2024.
- Adobe had approximately 30,709 employees in 2024, a 2.55% increase from 2023.
- Adobe had approximately 29,945 employees in 2023.
For workforce comparisons across the broader large-cap technology cohort, the Google employee count data sets place Adobe’s roughly 31,000-person headcount alongside its peer group.
Adobe Firefly and Generative AI Statistics
- Firefly launched in March 2023 and has been used to generate more than 22 billion assets globally as of April 2025.
- Firefly users had generated over 24 billion assets to date as of Adobe MAX 2025.
- AI-influenced Annual Recurring Revenue is over one-third of Adobe’s overall business as of fiscal 2025.
| Firefly milestone | Cumulative assets | Date |
| April 2025 disclosure | 22 billion | Apr 2025 |
| Adobe MAX 2025 disclosure | 24 billion | Oct 2025 |
Source: Adobe Blog and Adobe Newsroom (Adobe MAX coverage)
For peer comparison on AI adoption across other large-cap technology companies, see the Claude vs ChatGPT comparison data set.
Adobe Stock and Market Capitalization Statistics
- Adobe is listed on the NASDAQ stock exchange under the ticker symbol ADBE.
- Adobe (Nasdaq: ADBE) reported financial results for its second quarter of fiscal year 2025, ending May 30, 2025.
- Adobe Q1 FY2026 GAAP diluted earnings per share were $4.60 on a quarterly basis.
| ADBE marker | Value |
| Exchange | NASDAQ |
| Ticker | ADBE |
| Q1 FY2026 GAAP diluted EPS | $4.60 |
| Q1 FY2026 non-GAAP diluted EPS | $6.06 |
Source: Adobe quarterly press releases, Adobe SEC filings, Adobe Fast Facts
Adobe Acquisitions and Failed Deals Statistics
- Adobe and Figma mutually agreed to terminate their previously announced merger agreement based on a joint assessment that there was no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.
- Adobe agreed to pay Figma the previously agreed $1.0 billion termination fee in cash on the abandoned deal.
- Adobe and Figma originally announced their deal in September 2022, with the agreement valuing Figma at approximately $20 billion.
| Adobe-Figma deal point | Value |
| Original deal value | ~$20 billion |
| Date announced | September 2022 |
| Date terminated | December 18, 2023 |
| Termination fee paid by Adobe | $1.0 billion |
Source: Adobe Newsroom corporate announcements
Adobe History and Founding Statistics
- Adobe was founded in December 1982 by John Warnock and Charles Geschke after they left Xerox PARC.
- Adobe is headquartered in San Jose, California.
- Adobe introduced the Portable Document Format (PDF) in 1993 alongside Adobe Acrobat.
- Adobe was incorporated in Delaware in October 1983 through the merger of Adobe Systems Incorporated, originally founded in 1982.
- Adobe’s flagship products include Photoshop, Illustrator, Acrobat, Premiere Pro, and the Adobe Creative Cloud subscription service.
| Adobe corporate fact | Detail |
| Founded | December 1982 |
| Founders | John Warnock and Charles Geschke |
| Incorporated in Delaware | October 1983 |
| Headquarters | San Jose, California |
| First major product (Acrobat / PDF) | 1993 |
Source: Adobe Fast Facts and Adobe Form 10-K
Adobe CEO and Leadership Statistics
- Shantanu Narayen has served as CEO of Adobe for eighteen years and has decided to transition from his position as CEO after a successor has been appointed.
- The CEO transition was announced alongside Adobe’s record Q1 FY2026 financial results.
| Leadership data point | Detail |
| CEO at announcement | Shantanu Narayen |
| Tenure | 18 years |
| Transition announced | Q1 FY2026 earnings release |
| Successor at announcement | To be appointed |
Source: Adobe quarterly press release
Frequently Asked Questions (FAQs)
Adobe reported record revenue of $23.77 billion in fiscal 2025, representing 11% year-over-year growth, with total Annualized Recurring Revenue exiting the year of $25.20 billion and Digital Media segment revenue of $17.65 billion. Digital Experience revenue contributed $5.86 billion to fiscal 2025 totals per Adobe’s annual 10-K filing.
Adobe achieved record Q1 FY2026 revenue of $6.40 billion (12% year-over-year growth, or 11% in constant currency), with diluted earnings per share of $4.60 on a GAAP basis and $6.06 on a non-GAAP basis. Total ARR exiting the quarter was $26.06 billion, and operating cash flow set a record at $2.96 billion for the period.
Adobe employed approximately 31,360 people in 2025, a 2.12% increase from 30,709 in 2024, with the workforce data sourced from the company’s SEC 10-K filings. Adobe employed approximately 29,945 people in 2023.
Firefly users had generated over 24 billion assets to date at Adobe MAX 2025. Firefly was used to generate more than 22 billion assets globally as of April 2025. Adobe disclosed in its fiscal 2025 results that AI-influenced Annual Recurring Revenue is over one-third of the overall business.
Adobe and Figma mutually agreed to terminate their previously announced merger agreement based on a joint assessment that there was no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority. Adobe agreed to pay Figma the previously agreed $1.0 billion termination fee in cash, on a deal that originally valued Figma at approximately $20 billion.
Conclusion
Adobe’s record $23.77 billion fiscal 2025 revenue and total ARR of $25.20 billion reflect record performance in both top-line and subscription metrics. Q1 FY2026 added a record $6.40 billion top-line quarter and ARR of $26.06 billion, alongside the announcement that CEO Shantanu Narayen will transition after eighteen years.
The most useful frame is the one Adobe itself surfaced in its fiscal 2025 results: AI is no longer a feature inside the products; it is a measurable share of the recurring revenue base. The next several quarters will test whether the planned CEO transition disrupts that trajectory or whether the underlying ARR growth continues at the levels reported in this year’s filings.
