Buy Like Buffett
Watchlist

Flagship explainer

How ADOBE INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$23.8B · 100%Cost of revenue$2.6B · 11%Gross profit$21.2B · 89%Operating income$8.7B · 37%Income before tax$8.7B · 37%Income tax$1.6B · 7%Net income$7.1B · 30%As of 2025-11-28 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$23.8B100%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
Cost of revenue$2.6B11%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
$21.2B89%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
$8.7B37%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
Income before tax$8.7B37%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
Income tax$1.6B7%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
$7.1B30%
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0000796343-26-000003 · filed Jan 15, 2026
· event Nov 28, 2025 · retrieved Oct 23, 2026 · annual-row source set
Embed this chart

View the full ADOBE INC. analysis at Buy Like Buffett