Adobe Cash Flow Statement
NASDAQ: ADBETechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Adobe free cash flow
In fiscal 2025, Adobe generated $10.03 billion of operating cash flow and spent $179.0 million on capital expenditures. That left free cash flow of $9.85 billion, a free-cash-flow margin of 41.4% of revenue. Free cash flow was up 25.1% from the prior year's $7.87 billion.
Adobe returned $11.28 billion to shareholders through share repurchases, equal to 115% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Adobe cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-11-28 | FY 20242024-11-29 | FY 20232023-12-01 | FY 20222022-12-02 | FY 20212021-12-03 | FY 20202020-11-27 | FY 20192019-11-29 | FY 20182018-11-30 | FY 20172017-12-01 | FY 20162016-12-02 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 7.13B | 5.56B | 5.43B | 4.76B | 4.82B | 5.26B | 2.95B | 2.59B | 1.69B | 1.17B |
| Net Income growth (YoY) | +28.24% | +2.43% | +14.13% | -1.37% | -8.33% | +78.24% | +13.89% | +52.96% | +44.93% | +85.65% |
| Depreciation & Amortization | 818.00M | 857.00M | 872.00M | 856.00M | 788.00M | 757.00M | 757.00M | 346.00M | 326.00M | 331.54M |
| Stock-Based Compensation | 1.94B | 1.83B | 1.72B | 1.44B | 1.07B | 909.00M | 788.00M | 610.00M | 454.47M | 349.30M |
| Change in Working Capital | 650.00M | 76.00M | -344.00M | 317.00M | 290.00M | 258.00M | -47.00M | 464.00M | 422.19M | 352.71M |
| Operating Cash Flow | 10.03B | 8.06B | 7.30B | 7.84B | 7.23B | 5.73B | 4.42B | 4.03B | 2.91B | 2.20B |
| Capital Expenditures | -179.00M | -183.00M | -360.00M | -442.00M | -348.00M | -419.00M | -395.00M | -267.00M | -178.12M | -203.81M |
| Investing Cash Flow | -1.19B | 149.00M | 776.00M | -570.00M | -3.54B | -414.00M | -456.00M | -4.68B | -442.88M | -960.03M |
| Share Repurchases | -11.28B | -9.50B | -4.40B | -6.55B | -3.95B | -3.05B | -2.75B | -2.05B | -1.10B | -1.07B |
| Debt Issued | 2.00B | 2.00B | 0 | 0 | 0 | 3.14B | 0 | 2.25B | 0 | 0 |
| Debt Repaid | -1.50B | 0 | -500.00M | 0 | 0 | -3.15B | 0 | 0 | -1.96M | -108.00K |
| Financing Cash Flow | -11.06B | -7.72B | -5.18B | -6.83B | -4.30B | -3.49B | -2.95B | -5.00M | -1.18B | -1.09B |
| Net Change in Cash | -2.18B | 472.00M | 2.90B | 392.00M | -634.00M | 1.83B | 1.01B | -663.00M | 1.29B | 134.75M |
| Free Cash Flow | 9.85B | 7.87B | 6.94B | 7.40B | 6.88B | 5.31B | 4.03B | 3.76B | 2.73B | 2.00B |
This table shows 10 annual periods of Adobe's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ADBE's reporting calendar. What is a cash flow statement?